The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-01-10

law, with the apprODatlOn or Inc county
supervisor Of assessment, appoint in writ
ing some well qualified citizen of his town
or district to act as his deputy, and as
sign to him such portion of his district
as he thinks proper; and such deputy shall
give the bond and take the oath required
of an assessor, and shall thereupon per-
form under the direction of the assessor,
all the duties enjoined upon vested in or
imposed upon assessors. Such appoint
ment shall be filed and preserved in the
office of the county auditor.
Sec. 60.-Auditor to Correct False Lists
and Returns-The county auditor, If he
has reason to believe or is informed that
any person has given to the assessor
false statement of his personal property,
or that the assessor has not returned the
full amount OF all property required to be
listed in his township or district, or has
omitted or made an erroneous return Of
any porperty which is by law subject to
| taxation, SHALL if such fact is discovered
prior to OF during the meeting of the
county board of review, report it to such
board; but if it is discovered after said
board has completed it's labor, he shall
Immediately proceed to correct the re-
turn of the assessor and to charge the
owners of such property on the tax lists
with the proper amount of taxes; and in
the performance of the duties aforesaid
he is hereby authorized and empowered
to issue compulsory process, and to re-
pure the attendance OF any person whom
he may believe to have knowledge of the
existence, location, or value of such prop
erty, and to examine such person on oath
in relation to such statement or return;
and the auditor in all such cases shall
notify every such person before making
the entry on the tax list, that he may have
an opportunity of showing that his state
ment or the return of the assessor is cor
rect; and the county auditor shall, in all
| cases, file in his office a statement OF the
| facts or evidence upon which he made Such
corrections; but he shall in no case re-
| duce the amount returned by the asses
sor, without the written consent OF the
| tax commission, on a statement OF the
| case submitted by the county auditor or
the party aggrieved.
Sec. 61.-Property Escaping Tax, Tax to
| Be Added to Tax for Current Year.-If any
| personal property subject to taxation be
| omitted in the assessment of any year
| or years, the county auditor shall assess
| the same and extend upon the tax lists
| for the current year all arrearageS OF
! taxes properly accruing against said prop
| erty, with seven per cent Interest there
! OH from the time said taxes would have
! become delinquent il properly assessed.
| If any tax on any personal property liable
! to taxation is prevented from being col
| lected for any year or years, by the rea-
son of any erroneous proceedings or other
cause, the amount of such tax which such
property should have paid shall be added
to the tax on such property for the cur
| rent year.
Sec. s2.-Tax ON Tract When Deed by
State Void-In case the deed to any tract
or parcel of land issued under Title XIII
of this act shall be adjudged void, SAID
! tract or parcel shall thereupon be deemed
to be and shall be subject to taxation dur
ing the period the same was held by the
state in like manner as II 1t mad not peen
| conveyed to or held by the state and the
| taxes for such period shall be levied and
assessed upon said tract or parcel and
| collected in like manner as provided III
| the preceding section.
| TITLE ".
Corporations, Companies and Assoc
| ciatOns.
| Sec. 63.-Corporations Generally-The
| property Of every corporation, joint STOCK
association, partnership or company lex
| cept. railway and Insurance companies)
| save as otherwise provided in this title,
| shall be listed and assessed in the man
ner provided in Title Ill of this act.
L-INCoRPoRATED BANKS AND
| .a@s J. TRUST COMPANIES.
| Sec 64.-Bank, and Trust Company
-Valuatlon-Listing.-T stock
| holders of every bank located within this
state, whether such bank has been or
| ganized under the banking laws of this
state or of the United States and every
| trust company organized under the laws
of this state, shall be assessed and taxed
on the value of their shares of stock
therein. Such shares shall be listed and
assessed annually with regard TO the own
ership and value thereof on the first day
| of April in each year. To aid the as
SCISSOR in determining the value of such
shares Of stock, the accounting otncer OF
every such bank or. trus: company snail
| furnish statement to the assessor, verl-
fed by oath, showing the amount and
number of such shares of the capital
/ stock of such bank or trust company, the
| amount of it's surplus or reserve fund and
/ the amount of its legally authorized in
! Vestments in real estate which real estate
| shall be assessed and taxed as other real
estate is assessed and taxed under this
| act. The assessor shall deduct the amount
| of such investment in real estate from the
aggregate amount of such capital and sur
! plus fund.- and the remainder shall be
| taken as basis for the valuation of such
/ shares of stock in the hands of the stock
/ holders, subject to the provisions OF law
requiring all property to be assessed at
| its true and full value. The shares of
| capital stock of national banks not located
| in this state, held in this state, shall not
be required to be listed under this act.
1
Keep and Furnish Lists of Stockholders
! In every bank and banking Office and trust
company's Office there shall be kept at
all times a full and correct list Of the
names and residence of the stockholders,
| owners or parties interested therein,
| showing the number of shares and the
! amount held, owned or controlled by each
party in interest, which list shall be sub
| ject to the inspection of the officers au-
| thorized to assess property for taxation;
| and it shall be the duty OF the account
| ing officer or cashier of each bank or
banking institution or trust company to
furnish the assessor with duplicate copy
| of such list, verified by oath, which shall
be returned to the county auditor, and
| filed in his Office.
/ Sec. 66-Taxes on Bank and Trust Com
pany Stock to be Lien on Dividends.-To
secure the payment Of taxes on bank stock
or banking capital and on stock Of trust
companies, it shall be the duty OF every
/ bank or trust company or the managing
/ officer or officers thereof, to retain so
4 much of any dividend or dividends belong
ing to such stockholders or owners as
shall be necessary to pay any taxes levied
upon their shares Of stock or interest, re-
4 spectively, until it shall be made to ap-
pear to such bank or trust company, or Its
officers, that such taxes have been paid;
and any officer of any such bank or trust
company who shall pay over, or authorize
the paying over of any such dividend or
dividends, or any portion thereon, con-
trary to the provisions of this section,
shall thereby become liable for such tax;
and If the said tax shall not be paid, the
county treasurer where said bank or trust
company is located shall sell such share
or shares. or interest, to pay the same,
like other personal property; and in case
of sale, the provisions of law in regard