The Jersey City news., 1906-01-15

shall be nowise restricted or abridged.
eThree-The value or amount of such
property as so certified shall be included
in the amount of the ratables to be taxed
in the several taxing districts, and the
necessary tax rate for such districts shah
be ascertained by the local taxing au-
thorities and certified to the State Board
OF Assessors on or before the first day of
October in each year; whereupon the
State Board of Assessors shall include in
the taxes to be assessed by it, under the
provisions of the act to which thissis
supplement, the property described in the
first section hereof
'sThe said board shall ccppute the tax
upon the said railroad main stem and
canal waterways, and upon the tangible
personal property of each railroad and
canal company, by applying the tax rate
in each taxing district Certified as afore-
said to the value of the tangible per-
sonal property Of any railroad or canal
company located therein. as ascertained
as aforesaid and to the proportion ofNthe
value Of railroad main stem or canal
waterway apportioned to said taxing dis
trict, and said property shall not be sub
h. to,, L.
sonal property not located in any taxing
district and the franchises and other
property referred to in subdivisions four
a. of section three (3) of said act shall
be annually assessed and taxed by said
Board of Assessors at the average of the
several tax rates as fixed in the several
taxing districts in the State, said average
tax rate to be annually ascertained as fol-
lows:-O by computing the total amount
of ratables in all. Of the taxing districts
of the State; (2) by computing the total
amount of taxes levied in all of the tax
ing districts of the State, and (3) by di-
viding the said total of ratables into the
said total of taxes levied the result so
ascertained to be the said average tax
rate.
'Tvhe said State Board of Assessors
shall have the power to require the tax
ing authorities of all the taxing districts
in the State to annually certify to said
board the amount Of ratables and the To-
cal tax rate last ascertained or fixed
therein, and said average tax rate shall
be annually ascertained therefrom. The
proceeds of the tax upon said tangible
personal property not located in any tax
ing district and upon the franchises and
other property referred to. in said sub
division four "a of section three 81 of
said act shall be paid to the State for
general state purposes; provided, that if
the local taxing authorities of any taxing
district shall fail to certify to said State
Board of Assessors within the time pre-
scribed by this act the local rate of tax
as fixed, it shall be the duty of said
board to allot to the taxing district SO in
default an apportionment of tax at a
rate not exceeding one per centum upon
the class of property described in the first
section hereof.
.Four-The State Board of Assessors
SHALL as provided by law, certify and re-
port to the Comptroller of the State the
assessed valuation and tax levied upon the
property of each railroad and canal COM
pany in the State, and of the separate
valuation of the property of such compa-
MES in each taxing district separately
valued and assessed under provisions of
subdivisions one a.. three 49, and four (4)
of section three 81 of the act to which
this act is a further supplement; and the
entire amount of tax derived from the
assessment of the main stem of railroads
and the waterways of canals and the en-
tire amount Of tax on tangible PERSONAL
property not located in any taxing dis
trict Shall be allotted and paid over to
the local taxing districts through which
said railroads or canals run, and in
which said tangible personal property is
located, giving to each taxing district an
amount to be ascertained by applying the
local tax rate therein, as certified by it,
to the proportion Of the value of railroad
main stem and canal water way appor-
toned to said taxing district, and to the
value of the tangible personal property
located therein, as ascertained and cer-
tilted to the authorities Of salu taxing dis
trict. as hereinabove provided.
"Five-All acts and parts Of acts in
consistent herewith be and the same are
hereby repealed; but nothing herein con
tanned shan apply to any other state
ments that are by the act to which this
is supplement required to be made, nor
to any other property than that herein