The Meeker herald. [volume] (Meeker, Colo.) 1885-current, 1902-03-01
PROCEEDINGS OF THE EXTRA
SESSION OF THE LEGISLATURE


In the Rouse Judge schweiger1 on
behalf OF the committee appointed 10
redraft the sections OF the revenue Dill
relating 90 the nat tax presented a
report. II recommended that domestic
corporations pay cents anu Iofeagn
corporations cents on each *l!UO OF
capital stock no domestic corporation
with q capa'hi Stock OF less thah *<o''
OoO 70 Dc mAed. Foreign corporatlons
J win STOCK vi par Value OF less tnah -
TO pe taxeo - cents per LUZ shares.
ms iast 10 ,iitehueu 10 aHect Coiorauo
prom0'en VINO are ihcorporauhs conl'
panies ~ soiiiihg III oruer ihat tney
may Issue s,ock OF par Vaiue OF less
than ~. Ihe comihittee also RECON-
hendeo tha' insurance companies op
eratihe nhact me laws OF the state pe
exemptea from inc TAX. MI. sprague
wished ~ domestc ihcorporauons
WIN less .nah sloo,VO capltal oe eA'
empteo MI Moisture onJecteu, con-
tenoin8 ina one oplect Oh ths nav was
10 force corporatons 10 nuke annual
reports 70 me auaitor. Inc eprasue
proposlio" WIS oeIeateo'
Senator Ammons has Introduced a
constitutional amendment to article
H. Inc important changes from the
present law are embodied In the FOL.
lowing sections: section 10. All
corporations in this state or doing bus
mess therein, shall be subject TO taxa
ton FOR state, county. school, munich
pal and other purposes, on all taxable
property, tangible or intangible. owned
/ territorial
limits OF the authority levying the tax.
The General Assembly shall provide
by law. through the establishment of
tax commission or otherwise, for the
assessment of such property lying In
two or more counties, and the distrl-
button OF the valuations Of such prop
erty among the counties In which such
property IL situated. Section 2. Sec
1H rsa. ~ ,h ladu u, w .o S.o*a pa"s so ~
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~ st.ta tua.s .Ums.', .aa. y. .ne so ..a.a
and sttorna,. ma,,,r.I. &C. " oao,,
conrtv ~ III, siata Co,ntv poa.h
~ Enno,,.a,inn o,ns,st,nn - t,,a
80, - Ca,,.,., Ua,a, y" ne
.unh ,o,,,t, TS JW.n - .hn S.ota
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t,,st on, a,,,'I,na t,,n rni,,n.,o. ~, Ill
toYahia nrn,.ar,,. o,r,rn H. .arorn,
.a,,r.so. ~ ~ stn.o r., ,.sn.
,,,,,,,s ~ ,,,ar,,.,sa T., ,,' ,,,nno.
~ t.' 5000 IT,. ,S,,a.tr,, 20 nj,
..xeIaa nro,,or.r tn ,ha md .ha. ,-or
-, - ~ 80, -. TT, u,
sa, stn.. ,nx ,',,nr',,a. . H. .n
sr,,a $50, s,.m ,,." 49, a. nn,',n.,
| ,an;,an. q, .',,n;i.n.,an -" -.
,...a.. ~ aooso.so ,.,a 1919, ~ ~
"",,,s.se, -, on, 60 eu 1900 $500
s .,.n y. any nv. y. ~. Au -, pI C,...
-. no.ra ~ E,naIi,atIon hall ,,o ~
49,. oa ,,,ni,na M, ,.,I''a.,a ~
az .e.ahIa rrnnartv ,.Ith,n .hair ~, -.
~ .s p,ope 80, 49,. -,
~ eouh.ms tn. sn ,, o1alu sna,,
~ H. ,,..san,t,1,, ' hu ,o o ''e 10 NiA'
VIC ~
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The Buckley canal bill was taken up
by the SENATE In committee Of the
whole. Tie first Important amend
ment was the striking out the portion
of the bill that permits the employ
ment of convict labor, 80 that the tun-
mel must be constructed by free labor.
Another change provides that II the
board employs n superintendent, lie
shall have competent mining engi-
neer of Mt least five years experience.
Senator Arthur thought that If the
state was in no way liable, there was
no reason why the governor and audit
or should sign the certificates. and
asked for Information. Senator Ward
explained that the governor received
monthly reports on the construction of
the tunnel and If any time he found
any reason for doing so, he might with
hold his signature. Senator Stewart
objected to the considering of the bill
ut all. He thought 1t should have
been left out of the call, and that the
members were going to get into seven
different kinds OF trouble IL they were
not careful. He wanted to amend the
| the bill SO as to let the board be APP
| ,,at,.aJ f,o,n 49,, rnrt - xbn c+at,