The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-03-24
Sick Headache, Neuralgia, Ner-

State: Co and if desired all the infor-
nation heretofore required to be an
nually reported by section 1853 OF the
Code.
The commissioners shall first deter
mine the value of the tangible proper
ty. and they shall then assess the value
of the franchise, which shall be deter
mined by consideration of the gross
earnings, and particularly by consider
alton of the value placed upon the whole
nronerty by the public. The aggregate
value of the tangible property and the
| franchise shall be the true value of the
! property for an ad valorem taxation,
and shall be apportioned in the same
proportion that the length of road IN
each county bears TO the entire lellSlh
of the division or Branch.
All taxes due the State from any rall-
road company, except the tax imposed
for school purposes, shall be paid by the
! treasurer of each company directly TO
! the State Treasurer within thirty days
! after July 1st of each year. The board
! of county commissioners in each county
| through which a railroad passes shall
assess against the same only the tax
imposed for school and county purposes.
/ "A
/ emption from taxation under this act
nv reason of any contract with the
! State shall make further return spec
flying the act by which such contract
is claimed to have been created, and
also specifying the portions of the
property claimed to be exempted, with
all particulars.
If any railroad is leased or operated
~ hn mr.
the lessor shall be subject to taxation
/ If the lessee owns any property in this
State other than that derived from the
lessor. it shall be assessed as any do
nestle company.
The commissioners shall have all
powers of summoning and examining
! witnesses and requiring presentation OF
books and papers.
The property of cana, and steamboat
companies shall be assessed as provid-
ed for railroads.
! PRIVATE BANKS AND BANKERS
Every bank, banker. broker or stocE
iobber shall furnish the assessor 9
sworn statement, showing: Cd amount
of property in hand or in transit; (2)
amount of funds in hands of other
banks and subject to draft CD amount
of checks or other cash items; CA
amount of bills receivable, and Other
credits due or to become due; g.
amount of bonds and stocks; Co al
other property appertairling to said bus
mess, other than real estate; Cd amour
of deposits made with them; (S) amount
of all accounts payable other than cur
rent deposit accounts; (9) amount o
| nth
law from taxation. The aggregate o
the first, second and shird items shall
be listed as moneys. The sixth shall b.
listed as other similar personal prop
erty. The aggregate of the seventh
and eighth shall be deducted from tn
fourth, and the remainder shall be list
ed as credit The ninth shall be de
Quoted from the fifth, and the remand
er shall be listed as Bonds or stocks.
No person, bank or corporation shall
without license act as stock broker
or private banker.
If any person shall refuse to ansWe
questions respecting his property, o
refuse to give in his return, he sflal
ishable by a fine not exceeding $50 o
imprisonment not exceeding 80 days, o
Ifst-taker to have the offender prose
cuted, and complete the list from tn
be guilty of misdemeanor and be pun
best information he can obtain.
Every talIer shall correct an.
parcel of real properly on which an.
structure of over 500 value may hav
been erected, or on which any struc
: ture in the like value shall have beel
destroyed.