The times. [volume] (Richmond, Va.) 1890-1903, 1902-03-30

I.AIRCtII g, 90
propertyof railway and canal corporations
sfOr taxation instead sof the Board OF Pub
31icSWorks as low provide by law q nd
such railway or canal corporations. in |.
lsc1uding also any. such as is exempt from 1
taxation as to- It's w rks. 5yisi bic property
Eorap Profits, shall also pay to the State an
Eannda1 State franz hise tax edl1al Sgt g one
fperg centum upon the gross Transportation
receipts Of such companies, the manner
fofS ascertaining which is provided I'm tle
Enew article.g1tzis estimated that@th1s pro
vision alone will add to the revenues Oh
1.-THE State at least the sum OF tive nun nun
Idred and sixty thousand della
rs 10. Trust and security companies are
Ito be taxed in the same manner as banks
lare now taxed, but the assessed value ' Q.
Il he real estate OF such companies ano
banks is to be deducted from the assessed
value of the shares Of stock Or sucn
panies and the tax imposed on the resi-
i due.
ii. Under the old Constitution property
used for benevolent, charitable, educa-
81 tional and religious purposes IS exempted
4 from taxation, and it is estimated tnat q.
4 least fifteen millions of dollars, worm e Oh
property in this State is not taxed auhoer
i this provision. The new Constitution re-
stricts this provision as follows:
i 7(a0@4Its exempts church buildings Wnolly
4 s,,sed for religious purposes and buliolngs
d 1sed for the residence Of ministers Win
i +he land they occupy and such 5addltlonaiA
adjacent land as may be reasonably 1le,;-
i sessary for the use of such buflln
(l,) Family buryingtgrounds NOT eA-I
nd
4 grounds not conducted for profit
i .$s fc1S s buildings with. the land they occu-
! nv and furniture books and instrument
i belonging to and actually used by PUBIC
1 libraries not conducted for profit. lncor-
/ porated colleges, academies se1nlnaries
i and other institutions OF learning, any
4 which are wholly devoted to educatlondl
ucea nd which are not corporations hav-
1 ing shares of stock or otherwise o stl
4 by7 individuals or other corporations, ana
4 which 5are not conducted for the prohlt OF
i any person or persons. togethera5"i.tn
I such additional adjacent land o" owned ~
4 such institutions as may be reasonably
1 necessary for the convenient use Oh sucn
1 buildings The permanent ehuoW1neht
4 funds held by such institutions. pue
1 these exemptions do not apply TO NOUS
d rial schools which do work for compensa-
tion. or manufacture or sell articles IN
1 the cor,nlunity III which such schools are
Il 1oca ted.
4 al, Real estate Of Young Mems Chris
i tian Associa lions or other similar re!lglous
I societies, orphan asylums, reformatorles'
4 hospitals and nunnerles not .conuucteu Aoi
profit and purely charities.
I : (el Buildings with land they actually
occupy belonging to benevolent or char-
i table associa lions and used exclusively
Il for lodge purposes or meeting rooms. with
4 such additional land as may be neces-
] sary for the convenient use of such build
ings for such purposes.
4 lfl Obligations issued by counties.
4 cities or towns may be exempted by the
authorities of such locahtles from iooa1
: taxation. -
Tt is estimated that these changes will
1 add five million dollars to the taxable
values of the State.
y. No county, city or town is allowed
i to subscribe to or become interested IN
the stock or obligations of any company,
i association or corporation for the pur-
pose Of aiding in the construction OF
1 maintenance of its works
1 49, The tax rate on all tracts or lanh
/ and lots and all tangible personal prop
/ erty is reduced from forty to thirty cents
i on the hundred dollars value for the Pc
1 riod of four years after the adoption of
i the Constitutions: but the General Assem-
4 bly, may, during such four years. levy In
4 addition to the annual appropriation Tor
i pensions prior to September co. 1901. q
I special tax for pensions on such property
4 not exceeding five cents on the hundred
! dollars of the assessed value thereof
Homestead Exemption.
1 THE. homestead exemption is the. same
/ as under the old Constitution except that
! it cannot be claimed in property eS-
i changed for property which had been
u - ~ oiE
! for, nor in a shifting stock OF goods, nor
can it be claimed in property conveyed
i away by the debtor by deeds afterwards
! declared to be fraudulent.
Bureau OF Agriculture.
A Bureau of Agriculture and 1mmi-
/ grafton, is established, to be composed
/ of one practical farmer from each con-
I gressiona1 district, to be appointed by the
/ Governor. subject to the confirmation Of
! the Senate; and a Commissioner of Asri-
culture and Immigration shall be elected
l by the qualified voters of the State for
! the term of four years. The President OF
| Virginia Polytechnic Institute is to g an
/ ex-off1icia member of the Board of Agri-
/ culture and Immigration, and the Presf-
i dent of the Board of Agriculture and
+ Immigration shall be a member ex Off
! clio of the Board Of Visitors.
l Public Institutions and Prisons.
The State pententiary is put under the
1 government and control of five directors
/ to be appointed by the Governor, with
the advice and consent of the Senate,
/ and this Board appoints the supern-
endents and surgeons thereof.
The State hospitals for the insane shall
have a special board of three directors,
! and the members Of the special boards
shall constitute a General Board Of Direc-
tors for the control and management OF
all State hospitals and have the appoint
ment Of all the superintendent Of said
| hospitals The terms of said superin-
tendents to be four years instead Of two,
as now.
1t is also provided that there shall be
| a Commissioner of State Hospitals for the
/ Insane, who shall be eX-otticio chair
1 man OF each of the local boards Of d.
! rectors and Of the general board of di-.
\ rectors, and he shall be held respon-