The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-04-24
CHAPTER 876-H. F. NO. SIS.

sec 4 IiLS act snail take erect and
be In force from and after its passage
Approved April q, 1903.
CHAPTER 376-I. f. NO. SIS.
AN ACT to impose a tax nthe property
in this state of freight line companies
BE it enacted by the legislature Of the
State of Minnesota:
Section !. That any person or persons,
joint stock association or corporation,
wherever organized or incorporated en-
gagged in the business of operating cars.
not otherwise listed for taxation in Min
nesota. for the transportation of freight
whether such freight be owned by such
company or any other person or compa ny,
over any railway line or lines in whole or
in part within this state, such line or
lines not being owned, leased or operated
by such company, whether such cars be
termed box, fiat, coal, ore, tank, stock
gondOla, furniture or refrigerator car, or
by some other name, shall be deemed a.
freight line company.
Sec. 2. Annually, during the month of
July. every such freight line company
shall make and file with the state audi
tor in the form prescribed by him state
ment, verified by the oath of the person.
agent or officer making the same, con-
tanning the facts existing on the first day
of July and with reference to the bust
ness of such company for the fiscal year
ending June thirtieth next preceding, as
follows:
l. Name of the company.
,. The nature of the company, whether
a person, agent, trustee, lessee, receiver
mortgage in possession, or other per-
son, or a joint stock company, partner
ship, association or corporation.
j. The location of it's principal office
If an association, partnership, or corpora
ton, when and where organized or in
Corporated
4. The name and postoffice address of
the person, or of its president, secretary.
auditor, treasurer, superintendent or gem
eral manager.
ba Dor,o opd
us chlet officer or managing agent in
6. It's capital stock: (a), authorized:
%, issued.
7. The number of shares Of stock: (a)
outstanding; (b), not issued; (c), treas
uIy.
8. The par and market value, or If
there be no market value, the actual
value of its shares of stock
3. A statement of the situation and
value of it's real estate in Minnesota.
10. The actual cash value of it's per-
sonar property, including moneys and
credits, in Minnesota.
II. The total cash value of all its real
estate situated outside of Minnesota.
l.. The total value of all its personal
property, including moneys and credits,
situated outside of Minnesota
l3. The total number of miles of rail-
road over which the cars of said company
We're run during such year, and separate-
~ the number Of miles over which said
the total wheelage of such cars. and the
wheelage in this state.
"A. Such other facts or information as
such company may deem material upon
the question Of the taxable value of its
property within this state.
Sec. ). me state board of equalization
as now existing or hereafter modified or
changed, shall for the purpose of this act
constitute board of appraisers and as
SCISSORS. The board shall annually at its
annual meeting, as herein provided, as
SeSS the property of freight line compa-
MES representing capital and property of
such companies owned or used in Mime
sofa. On the meeting of the board, the
state auditor shall lay before it the state-
ments and schedules returned to him UNI
DER section two Cd hereof The sta re-
auditor shall by registered letter give
notice to the officer of such company at
testing its report OF the time and place
when and where such company may APP
pear before the state board of eoIaliza-
ton and be heard in respect to the as
sessment to be made upon it's property.
Sec 4 The state auditor shall lay be-
fore the said board at its meeting all
statements made to or by him under the
provisions of this act. After hearing the
testimony or arguments which such COM
pany may offer, the board shall proceed
10 determine the true value in money of
the entire property of such freight line
company in Minnesota, according to the
following rules:
(a) 1t shall find, ascertain and deter
mine the actual value in money of the
entire amount of the capital stock of
such freight line company; and from the
amount so obtained and determined il
shall deduct the actual value of all its
Iea! estate outside this state; and the re-
nalnder shall be taken and considered as
the actual value of the capital stock of
such company.
OBJ The board shall then divide said
amount by the total number of miles Of
railroad over which the cars of such com
N To oI~+,
value per mile, and shall then multiply
such value obtained by the total MN
Der OF miles of railroad over which tho
cars of said company were run in This
state; and the result shall be taken and
considered as the actual cash value of
the property of such freight line company
within the stae of Minnesota. and subject
TO assessment and taxation in this eta 70
Sec B. The state board of apprais-
ers and assessors, SHALL on or before the
first Monday in October, report to the
state auditor the amounts fixed by it as
the value Of the property of freight line
companies in Minnesota; at the same
time the board shall file with the state
auditor the statement of the various COM
panies and other papers before it. The
rate of tax to be levied upon such as
Sessment shall be the average rate of
taxation In the state for all purposes,
state and local, as shown by the abstracts
OF the tax lists Of the various counties on
file in the state auditors office for the
year in which the assessment of such
freight line company is made.
Sec. 6. 1t shall be the duty of the
state auditor in the month of February
following the assessment to make his
draft upon such freight line COM
pany for the amount of tax found to be
due under this act, and shall place said
draft in the hands of the state treasurer
for collection; said draft shall state the
amount of the assessment. the rate of tax
levy, and the amount of the tax, and such
taxes when paid into the state treasury