The Jersey City news., 1906-01-15
Text Of the Act Providing
for the Taxation Of Main
Stems and Franchises to
Be Introduced Tonight
A DEMOCRATIC MEASURE
EVERY FEATURE OF THE BILL is
FOUNDED ON PRINCIPLES LAID
DOWN AND ENUNCIATED BY
DEMOCRATIC CHAMPIONS OF
EQUAL TAX.

EQ AL 1LAA.
The appended bill, providing for the
| taxing of railroad main stems and fran
| chises, and which was drafted to meet
the views of the Colby followers, will be
introduced in the Legislature next Mon
day night
"A further supplement to an act enti-
tied An act to revise and amend An
act for the taxation of railroad and canal
property" approved April 10. 1884,
which act was approved March 27, 1888.
BE it enacted by the Senate and Gen
eral Assembly of the State Of New Jer-
sey:-
"One-The taxes which shall hereafter
| be assessed upon the real estate used for
railroad or canal purposes in each taxing
district of this State separately valued
and assessed under the provisions Of sub
| divisions one Q), three (3), and four (4)
of section three 60 of said act shall be
assessed and paid in manner and form
day of May in the present year and on
or before the first day Of March in each
subsequent year, any person or company
| running, operating or constructing any
railroad or canal in this State shall re-
! turn to the State Board of Assessors
statements or schedules, subscribed and
sworn to by the president or other chief
officer before some officer Of the State
| main stem real estate. Of each railroad,
and the waterway of each canal as it
existed on the first day of January pre-
ceding, which may be shown by a map
setting out in detail the said real estate,
and also a copy Of any law or ordinance
granting any right, title or interest in
any public street or highway in any mu
nicipality, and also the number, charac-
| ter, cost and value Of all buildings and
structures in each county and in each
| taxing district and used for railroad pur-
| poses, and the items and character and
value of all tangible personal property
used for railroad purposes and located in
each county and in each taxing district,
| and the value, character and items of all
other tangible personal property not so
located, and being the property referred
to in subdivisions one O, three (3l, and
four "a of section three 81 of said act.
"Such statements or schedules shall be
| made in conformity with such instruc-
tions and forms as may be prescribed by
the said board, and such further state
ments shall be furnished as said board
shall require; the said board shall pre-
scribe the form of the oath to the state,
ments and schedules required by this sec
ton, and any person who shall make said
oath falsely shall be deemed guilty Of
perjury.
'Two-On or before the first day in
August in each year the State Board of
Assessors shall ascertain the value of the
property described in the foregoing sec
ton They shall ascertain the length
and value of each main stem of each
raihoad and the value of each waterway
of each canal company They shall as
certain the value of each franchise and
Of all other property referred to in sub
divisions four "a of section three 90 of
the act of which this act is a further
supplement; said Board of Assessors
shall also ascertain the value of the tan
gible personal property Of each railroad
company and of each canal company and
also the value of that part of the said
tangible personal property located in
each taxing district.
Ihe value OF each main stem OF each
railroad and the value of each waterway
of each canal as so ascertained shall be
divided and apportioned by said State
Board of Assessors among the taxing
districts in which said main stems and
waterways are located in pdopodtion to
the value Of said stem and waterway
located therein. The said board shall
certify to the taxing authorities of each
taxing district the value Of the said tan
gible personal property located therein.
as 50 ascertained, and the proportion of
the total value of the said main stems
and waterways ascertained and appor-
toned 10 said taxing districts as herein