Iowa state bystander. [volume] (Des Moines, Iowa) 1894-1916, 1900-04-13
Ne IOWA LAWS
nAHYlMP0RTANT CHANGES MADE
General Resume Of Work Of the
Retiring Twenty eighth
General Assembly.

kettFln9 A1WcHtysouSuSn
General Assembly.
with the adjournment Of the Twenty.
eighth general assembly many new laws
are left upon the statute books OF Iowa
The number cannot be exactly ascer'
tanned at this writing, as the enrolling
clerks Of the two houses are SIM az WORK
but there win be between two and three
new laws are the ones relating to taxa,
ton, including the insurance taxation
measure, the law applying the unit mile
age system Of taxation to express com.
panies, and tn others providing for the
taxation Of telegraph and telephone cor.
pOratons as the railroads Of the state
are now taxed. Then there IS the re-
vision Of the building and loan laws, IN
sociat!ons as they have never before been
restricted in Iowa. ~ 4a.sM
Next to these in Importance are the ap-
preparation measures. the largest II,
the state treasury and the large demands
made. AS nearly as can be estimated the
amount of all extraordinary ,appropr' a.
tons will exceed somewhat the sum OF
81. 400. 0OO OF course the biggest Items are
the board Of control appropriations, wh en-
aggregate $764 4.93 and those for the ell
ucational institutions amounting TO Sil,
800 1t is believed that the special appro-
CAN ue uSl Nv d levy ~ - AAA
exclusive of the levy Of one-tenth of a
mill for the Stale University and Agr:cul-
tural college respectively. This Is lower
than IT had at first been expected. put
appropra tons, including the. $S6O.Oc0 for
Cherokee hospital, We're made available
In different years.
Among the important measures passed
Is the TITUS Joint resolution srOv.N7ng FOR
biennial elections in Iowa which will go
to the people next fall at the general
election. The hunters license law, tne
voting machine bill. the anti-prize fight
the establishment Of a reformatory for
women are among the miscellaneous mat,
tiers of statewide interest. The NEWS
prints a synopsis OF the new laws inns
evening. Those containing 1 Dnblica ton lon
clauses are already laws. The others
will go into effect in July.
building and Loan Bill.
S. F. 311-Recodifies the building and
loan laws of the state. THIS bin provides
that no building and loan association shall
issue fully paid stock or guaranty stock:
If these associa lions have any OF this no
uary /. 1901. All expenditures and ex-
renses of these associa tons must In the
future be taken out OF the interests and
premiums earned. the expenses in no c'se
to exceed 8 per cent per annum on sl01Goo.
nor more than 2la per cent on sums De-
tween 100000 and s2ooooo. and not more
than ~ per cent upon amounts between
s30O,00o and s5N0000. In no case shall sIcn
expenses IN one year exceed S12mo me
for delinquenc:es. Withdrawing members
shall receive all dues paid in unless there
has been loss. when 1t will be necessary
Tor them to share in such loss as other
Of the he directors Of any association: non
borrowing members may be compelled to
withdraw by being paid book value; one
OF the most important prov SONS IS me
limit of per cent which is placed on the
these associations IN the future. Associa-
lions Of this kind may consolidate by a
three-fourths vote. or may go into nqui-
by s9 hn plan npon RI
general must be applied to. and he viii
appoint a receiver. In both cases the
acton must he approved by the couri g.
AN associations must change their articles
to conform to this law by July 10, 1900.
Insurance Taxation Bill.
s. F. 352-Ways and means commit
tee bill-Provides new law for the tax-
alton of Iowa insurance companies:
The bill leaves the one per cent tax OF
gross receipts Of these companies, pro-
vided for under the old laws governing
them Aside from this a local tax is
imposed on all companies, except COR
porations organized with capital stock.
ficiary mutuals, and fraternal bene-
fciary associations. not organized for
pecuniary prift. For the purpose OF
the local assessment these companies
are to furnish the district assessors on
or before January Is Of each year, a
statement which must be a duplicate
OF the statement required by law to be
made annually to the auditor Of state,
viz, detailed statement Of all Its
property and assets and the amount o.
each item. including surplus, guaranty.
and reserve fund and the amount Of
each. And all this property is to be
assessed as the property Of private in
dividuals under section 1905 OF the
code. In taxing the moneys and cred
its Of every insurance corporation, ex-
cept county mutuals and fraternal
beneficiary associations, not organized
for pecuniary profit, the debts and liza
bilities are to be deducted as provided
for in section 1911 of the code, but in
ascertaining the Indebtedness or liabil-
ity Of any such corporation, debt
shall be deemed to exist on account of
its liability on the policies, certificates
or other contracts of insurance issued
by the company in question, equal to
the amount Of the surplus or other
funds accumulated by such corporation
pursuant to law, it's contracts OF insur-
ance or it's articles of Incorporation for
the purpose of fulfilling its policies,
certificates or other contracts of insur-
ance, and which can be used for no
other purpose. All companies paying
to the state treasurer by May /, 1900
the amount which it would have been
compelled to pay the treasurer had this
act been in force prior to that date,
will have its annual certificate reis-
sued. The local tax, which may have
been assessed against the companies
before this law went into effect is tc
be corrected to meet the demands OF
the new law. On presentation of the re-
reipt from the state treasurer that the
one per cent tax is paid. Any COM
rany failing to do this is not relieved
of any local or municipal tax hereto
fore levied. Publication clause.
State Department of Agriculture.
s. F. 165-Creates state department,
II agriculture, under which Is to be
grouped the local agricultural societies
that receive aid from the state, the
weather and crop service, the dairy
commission and the state veterinary
department. The department is to be
managed by board called the State
Board Of Agriculture, consisting of a
president, vice president, secretary and
treasurer, and one director for each
congressional district, in addition t.
the governor, president OF the college
Of agriculture. dairy commissioner and
state veterinarian.The board may hold
state fairs, and stae farmers Institute: