The Yale expositor., 1900-10-26


cred, the same may, upon application by
such railroad company, be certified by
the clerk. and under the seal Of the
court IN which the same is entered or 70
which the same has been appealed or re-
moved, to the Auditor General; and he
shall thereupon issue his warrant for
Onc-thlrd Of said judgment with accrued
interest; and during the next following
| year he shall issue his warrant for an
| other onc-third of said judgment with
accrued interest; and during the next
| following year he shall issue his warrant
| Tor the balance of said judgment with
accrued interest; unless provision for
| earlier payments, or an immediate sat
| lSfaction Of said Judgment shall be made
| by the Legislature. Said warrants shall
| be paid by the State Treasurer to the
| railroad company entitled thereto or to
| its assigns. out of the general fund. The
| auditor general shall add to and incor-
| porate the amount paid each year on ac-
! count OF said judgment. in the next sue
ceed'hg State tax, and the money collect
! cd therefrom shall be placed 10 the credit
| of the general fund to reimburse IL for
| the moneys thus paid.
Sec. 3. An acts and parts of acts in
any way inconsistent with the provisions
OF this act are hereby repealed.
This act Is ordered to take immediate
! effect.
oRRIN w. ROBINSON. President Of the Senate.
T. j. ADAMS. Speaker of the House.
| Approved. October 18th. 1900.
II. 81 PINGREE. Governor
To repeal an act entitled IAN act to in
corporate the Erie 4 Kalamazoo Rail
road Company" approved April twenty
two, eighteen hundred and thirty-three.
and all acts amendatory or Supplement-
airy thereto.
Section l. The People of the state of
! MICHIGAN enact: That an act entitled
AN act to incorporate the Erie & Kala-
+! inaZoo Railroad Company" approved
| April twenty-five. eighteen hundred thir-
I ty-tLreo; act number one hundred fifty
! lsht of the session laws of eighteen
hundred forty-siX entitled IAN act In
regard to the Erie & Kalamazoo Rail-
road Company approved May eighteen
eighteen hundred and forty-siX: act num-
Der one hundred eleven of the public
acts of eighteen hundred eighty-seven
entitled AN act tn require the Erie &
kalamazoo Railroad Company or any
lessee thereof having control of or oper-
a.ins the Erie e. Kalamazoo Railroad, to
operate and maintain. or 10 abandon It's
line of road between Palmira Junction
ana the city of Adrian" approved Nav
nineteen, eighteen hundred and eighty
seven, and all acts amendatorY thereto
be and the same are hereby repeald said
repeal To take effect and be in force from
and after the thirty-hrst day of Deem
Der, nineteen hundred one.
ORRIN W. ROBINSON Pr sident OF the Senate
Il. j. ADAMS Speaker of the House
Approved. October 18th. 1900.
II. 5. PINGREE. Governor.
JOINT RESOLUTION
Proposing amendments to the Constitu-
ton Relative to the Taxation of Cor
porations.
Resolved by the Senate and House Of
Representatives Of the State of Michi-
gan, That the following amendments to
( the Constitution of the State of Mchi.
gan, be and the same are hereby pro-
posed and submitted to the people OF
this State. that is to say, that Section
ten of Article fourteen of said Constitu-
lows:
Section 10 The State may continue to
collect all specific taxes accruing to the
! treasury under existing laws The Leg
lslature may provide for the collection of
specific taxes from corporations The
Legislature may provide for the assess
ment of the property of corporations, at
It's true cash value, by a State Board OF
Assessors, and for the levying and col
lection Of taxes thereon. All taxes here
after levied on the property OF such
Classes OF corporations as are paying
specific taxes under laws i'm force on Mo-
Vembcr sixth a. ID nineteen hundred
shall be applied as provided for specific
state taxes in section one of this article
That Section eleven Of Article fourteen.
OF said Constitution. be amended SO as
To read as follows;
Section Il The Legislature shall pro-
vide uniform rule OF taxation
except on property paying Specific
taxes. and taxes shall be levied
on such property rs shall be
prescribed by law: Provided. That the
of taxation for such property as shall be
assessed by a state Board of Assessors.
and the rate OF taxation on such prop
erty shall be the rate which the State
board OF Assessors shall ascertain and
determine Is the average rate levied upon
other property upon which ad valorem
taxes are assessed for State. County
Township, school and municipal pur-
poses.
That Section thirteen of article four
teen OF said Constitution De amended so
as To read as follows:
Section Is In The year one thousand
nine hundred and one, and every Gfth
year thereafter. and at such other times
as the Legislature c1av direct. the Leg
iSlalure shall provide for an equalization
of assessments by State Board on all
taxable property, except that taxed under
laws passed pursuant to section ten of
this article.
And be IT further Resolved. That the
said. proposed amendments he submitted
TO the electors Of this State at the gen.
eral election to be reid on the first Tues
day after the first Monday in November
I'm the year nineteen hupdre5: that the
Secretary of State is hereby required TO
certify this proposed amendment TO the
clerks of the several counties of the
state, as required by section three
thousand six hundred twenty-four. of the
compiled laws of eighteen hundred and
nincty-seven, but IL shall be sufficient n
the same shall be SO certified at least
ten days before such election. The sew
eral county clerks shall. at once. upon
the receipt OF such certified amendment,
convene the board of election commits
sloners OF such county. aud the said
board shall forthwith prepare a ballot
for the use Of the electors desiring TO
vote upon said amendment. which shall
he substantially i'm the following form:
NJ the top of each ballot shall be print
ed IL bold faced type the words "Vote
on tho amendments to the Constitution
relative TO the Taxation of Corpora
lions" Then shall follow.
"Amenement to the Constitution Rea-
i've TO the Taxation of Corporations.
Yes.
Amendments to the Constitution Rela-
tive TO the Taxation of Corporations
No"
Such ballots. so prepared. shall be sent
out by said board of election commission
crs at the same time and i'm the same
manner as the ballots TO be used at said
general election. And IL shall be the duty
OF the board of election inspectors. at
each voting precinct i'm this State TO see
TO IL that each elector is furnished with
ballot relative TO such proposed amend
ment, at the same time that he Is furn-
ishcd with a general ballot, and TO I'm
form such elector Of the nature and DUR
pose OF u, and each elector shall be re-
qutred. on coming out OF the booth and
rendering his vote to the inspectors OF
election to produce and hand TO such in