Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1900-04-06
GENRRAL r.Ax.;ATIoN..

Il
pAaies On the sAms plan that railway
so.npanieA and telegraph and telephone
property ~ has been taxed heretofore,
but providing for distribution OF the
!; taxes collected In the various counties.
towns. school districts, etc, thru which
1.-The lines run.
Taxing express companies on the
mileage unit plan, as proposed by Sem
ator Cheshire, tho in a modified form,
allowing exceptions and deductions to
make the law conform to recent court
1 decisions.
Authorizing the president OF the SEN
ate and speaker of the house to appoint
a commission Of three members OF each
shouse revise and codify the special as
sessment@ laws TO conform with the re-
cent court decisions and report to the
next general assembly.
i Authorizing the executive council 10
sre-assess and collect. under valid law,
taxes held to be invalid
INTERNAL IMPROVEMENTS.
Authorizing notict to remove fences
from highways to be served on the agent
LOT the owner, as we'll as on the owner Of
property.
| Changes the hour Of closing the polls
from s p. m. to Z p. M. Mandatory in all
precincts.
Reducing the penalty or violation OF
the law requiring care in conducting
steam threshers thru the highways.
such as laying planks across culverts
and bridges for the wheels to run on.
\ 70 500 fine or thirty days in Jail. This
is to bring the defense within the jur,
lisdiction of Justice courts insuring bet-
4 ter observance of the law.
Appropriating $4,000 for the fish and
game commission. or this $1,000 goes
A to restocking rivers and lakes, $4,000
Ito distribution and $4,000 to enforce
ment Of the law.
Requiring weeds in the public high
way to be cut al the expense Of the
4 township.
Giving the Dies Moines park commits
lsioners control of the Des Moines river
bed and banks between Raccoon Fork
and the upper limits OF Union park.
4 The board is authorized to use its funds
to improve and beauty the banks for
Iluse and pleasure, 10 s,raighten and All
lin the banks and preserve the same by
walls, pilling, etc, 10 construct bridges,
build a dam and have exclusive control
when tile lower one is constructed and
may prohibit the taking OF ice by RI
parian owners
1 Requiring notice of the presence Of
Russian thistles TO be given to the
Itownship trustees instead OF the owner
Bringing the injury of electric light
or electric railway poles within the pur-
view of the statute prohibiting MALI
l.cious mischief to public conveniences.
Extending the law relating to the
condemnation OF additional rgound for
depot purposes to ground for additional
fright of way for railroads. under the
same conditions including examination
Isby he railroad commission and its
sanction prior to condemnation The
act will permit railroads in Iowa to ac-
lcomplish vast improvements in
Strengthening track and other improve
sments which could not have been ac-
Icomplished 1.-THE purchase Of addition
alright Of way had to be negotiated.
4 Amends the law with reference to
trimming OF hedges in order to require
4 them to be trimmed only upon order Of
the township trustees.
CORPORATIONS.
Requires extended and detailed re-
ports from dining and sleeping car com
par:ies for assistance of executive ooun-
1 ell In making assessment and taxation
Authorizes foreign corporations. one
half OF whose stock Is owned by nom
PRESIDENT aliens. who can not own real
Isestate in this country, to hold such
property as they held July ., 1888, or
which has been acquired since on fore
closure. for ten years. a bona fide con-
tract to sell such lands being legalixed
as a sale, and all sales and contracts
since July 4, 1883, are legalized by this
TACT.
Authorizes the secretary OF state to
charge corporations the same fee on re-
newal of their articles OF incorporation
as would be charged were the corpora
tons newly organized This matter has
been contention since 1883. The law
llegaii2eS the charges made to this ef-
fleet since January OF that year.
Authorizing transfer of corporation
stock In railway and Quasi-public cor
porations issued prior to October, 1897.
without stating on Its face for what
purpose 1t was issued.
l Authorizing savings banks to take
deposits amounting to ten times their
capital plus their surplus, and author
izng an indefinite surplus.
Granting to loan and trust companies
1.-The same rights as to amount OF depos.
Its received as are given to state and
savings banks that Is ten times the
4 capital.
Revising the building and loan laws.
Providing numerous additional restric-
stions to prevent building and loan as
sociations from depressing their bor-
rowing stockholders All expenses mus
be paid from the receipts and no assoc
citation may spend to exceed 81, 900 for
expenses In one year. The limit Of ex-
spense on associations having less than
4 500 600 assets Is 3 per cent per annum;
up to $500. 900, 2l1a per cent: up to $780,
4 900. ~ per cent; in excess OF $500 900,
per cent, not to exceed 81, 900. Fines
and penalties are abolished, except a
charge OF 3 cents per share OF 500 for
the first months delinquency and 5
cents per share for each such succeed
ing month may be charged. The inter-
est and premium on loans must not
exceed per cent. BY three-fourths
vote the board OF directors nom borrow
ing members may be required to with
draw their stock at book value. With
drawing members shall not In any case
receive less than they have paid in UNI
less losses have occurred. In case OF
foreclosure the mortgagor Is entitled to