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

NAL.
that purpose the aggregate value of all
the shares Of capital stock, In case such
shares have a market value, otherwise
taking the actual value of such stock, or
of the capital of said company or person,
in whatever manner the same is divided
in case no shares Of capital stock have
been issued, and adding thereto the fund
ed or bonded debt, if any, Of such com
pany, and the aggregate amount thereof
shall be taken as the basis for ascertain
ing the true cash value of such property.
Sec. 93.-Value, How Assessed-The
state board of review shall ascertain and
assess the true cash value Of the prop
erty of such company or person within the
state of Minnesota and where the lines
or routes thereof extend outside the state.
shall ascertain and assess such value with
in this state by taking the proportion OF
the aggregate value of each company or
person as finally ascertained by 1T as
aforesaid, which the length Of the lines or
routes of said company or person within
this state bears to the total length OF
lines or routes thereof, and by such other.
evidence and rules as will enable said
board todetermine fairly and equitably the
true value in money of the entire prop
erty of said companies or persons within
this state. Provided, that the state
board of review in assessing the property
Of any such company or person whose
lines or routes extend into other states
or territories, shall have power to make
such deductions of property OF such COM
pany or person situate outside the state
not connected directly with the business
thereof as aforesaid, as may be just, to
the end that the fair proportion of the
property of such company or person in
this state may be ascertained.
From the entire value of the property Of
each of said companies or persons within
the state SO ascertained, there shall be
deducted by said board the assessed value
for taxation of all the real estate of the
same within this state and subject to
taxation in the assessment districts where
located, and the residue of such property
so ascertained shall be by said board as
sessed to said company or person.
Sec. 94.-To Ascertain Value Per Mile
The state board Of review shall thereupon
ascertain the value per mile of the prop
erty Of such company or person in this
state by dividing the total value in this
state as ascertained and assessed by it,
by the number of miles within the state,
and the result shall be deemed and held
as the value per mile of the property OF
| such company or person within this state.
! Sec. 95.-Rate of Tax How Determined
| Having determined the amount and value
| of such property in each case and the
value per mile as in this act provided,
| the said board of review shall certify the
result to the state auditor who shall
| thereupon and prior to the first day OF
| February ascertain and determine the
! rate of tax to be levied and collected by
| the state upon such assessment, which
| rate shall be, as near as practicable, the
average rate of taxation, state and local
| in the counties, cities, townships, schools
and other taxing districts, into, through,
| over, or across which such lines or routes
extend, not including assessments for
| local improvements, apportioning to each
! tax district for the purpose of such COM
putation, such proportion of said aggre-
| gate assessment as the number Of miles
OF such line or route in such district bears
| to the whole number of miles thereof in
said state, and, by the rate SO ascertained
| determine the amount Of tax due upon
| such assessment, and levy the same;
! which tax so assessed and levied shall be
| in lieu Of all other taxation, state and
local, excepting the taxes on real property
! as aforesaid, and assessments for local
! improvements. IS. zap .1.~'
Every county auditor shall furnish the
| state auditor such information and as
sistance as he may require to enable him
! to make the computation aforesaid
Sec. r96.-Taxes, When Due and Payable
Ali taxes so levied upon the personal
property and franchises of the several
classes of companies named in Section
"a of this act, shall be due and
payable on the first day of February OF
the year Immediately following the levy
I thereof, and shall be paid into the state
treasury within thirty days thereafter and
be credited to the general revenue fund
Any company failing to pay its said tax
within the time so prescribed shall be
subject to penalty of five per cent on
the amount thereof for each day there
after on which such tax remains unpaid.
Sec Reinforcement Of Tax, Duty OF
| State Treasurer.-1f any Of said compan-
les shall fail to pay It's taxes when due
it shall be the duty Of the state treasurer
to enforce the payment thereof either by
action or distraint, or both.
| Sec 98.-Action to enforce Tax.-The
attorney general shall, when requested by
! the state treasurer, commence an action
| in the name of the state against such com
pany in default for the non-payment OF
taxes for such taxes and penalty. Such
action may be brought and maintained IN
any county in which the defendant does
business, and the service of the summons
therein may be served upon any officer OF
1 agent of the defendant in the same man
ner as provided by law for the service OF
a summons in civil action, and the
action may be brought on for trial after
issue joined by either party upon eight
days notice at any regular term OF court
or at a term at which the court will be in
session at the time named in said notice
Sec. Reinforcement Of Tax by Dis
traint. THE state treasurer is authorized
to distrain sufficient goods, chattels, OF
other movable property Of any company
named in section eighty-four Of this act
found within this state, to pay the ta1
due from and the penalties incurred by
any such company, together with his costs
and expenses incident to the collection
of said tax and penalties.
i Whenever the state treasurer shall have
distrained any such property in such {
proceeding, he shall Immediately publish
a notice of at least ten days in at least
two of the newspapers printed and pub.
lished at the capital of the state OF the
time and place when and where the prop
erty 81 distrained will be sold by him.
Sec. OO.-Same-Sale.-Ift the taxes ant
penalties for which such property may
be distrained together with the said cost:
and expenses, shall not be paid before the
day named in said notice for such sale
the state treasurer, or his deputy, shall
proceed to sell at public vendue the prop
erty so distrained will be sold by him.
as may be sufficient to pay such tax, pen
talties, costs and expenses.
T. Sec. 1O1.-Disposition of Moneys Col
lected.-Any, excess received at such sal
over and above the sum requisite to pa!
in full the said tax, penalties, costs ant
expenses, shall be paid by the treasurer t,
the said company. The treasurer shall
Immediately pay into the state treasur.
all other moneys so received by him afte
paying all the said costs and expenses.
Sec. 102.-Bond Of Company in Case O
Distraint-Any such company, as define
in Section "a Of this act, whose propert
4 shall be distrained by the state treasure