Omaha daily bee., 1907-05-04
Means Erection of Another Large
warehouse I'm the City.

Means Erection of Another Large
warehouse I'm the City.
In business circles It is stated that II the
city council at its meeting next Monday
will adopt the resolution providing for the
exemption from city taxes Of sugar in
transit" K will mean another warehouse
building for Council Bluffs. The resolution,
which is as follows. was referred 70 City
Solicitor Kimball for his written opinion,
to be submitted at the meeting Of the
council next Monday night:
Whereas, Certain persons have erected
warehouses In the city OF Council Bluffs
transit for other states into and through
the state of Iowa and contemplate further
investments of similar character and,
Whereas, 1t appears that this line of
business would greatly benefit the mer-
chants, producers consumers and laborers
OF the city in the way of the procurement
Of satisfactory freight rates. insurance pre-
miums and storage charges:
Now. therefore for the purpose Of en-
couraging the said persons In the erection
OF said warehouses and the carrying on
OF said business, II is hereby resolved and
ordered on the part of the city Of Council
Bluffs that in consideration of the said
persons investing their money in said en-
terprises and carrying on the same all
sugar in transit from points outside of the
said state OF Iowa into and through said
state shall be exempt while in storage in
the city of Council Bluffs from all city
after the acceptance in writing to be filed
with the city council by the said person or
persons making said investment and hold
ing said sugar in storage under the terms
OF this resolution.
And to the end that said agreement as
to taxes may readily and conveniently be
performed during the years covered
thereby It is further resolved that no valu-
alton or assessment of the said property
so in storage shall be made for the purpose
| Of taxation during the said ten years 50
far as the city OF Council Bluffs may legally
control the valuation and assessment of the
same.
This resolution shall be in full force and
! effect when accepted by the person OF
persons undertaking the storage of sugar
In transit at any time within one year from
this date.
The sugar involved is that manufactured
. in the beet factories Of the west The COM
panies manufacturing the sugar could store
/ the product at the reineries, but that would
: mean the erection Of additional warehouses
The freight on sugar to Chicago from west.
| ern points is 90 cents and to Council Bluffs
| 80 cents. The sugar can be brought &c
| Council Bluffs on the 5O-cent rate stored
! here, and then shipped to Chicago for the
additional 10 cents. instead Of paying the
| full Council Bluffs-Ch Chicago rate.
Council Bluffs, with its many trunk lines
| is the natural distributing point for this
section of the country and the sugar men
| It is said. are anxious to make this q
storage point. Des Moines is out after this
business and it's city council has adopted
a resolution similar to the one now pend.
ing before the city council here.
Sugar destined for distribution here will
not come under the exemption and will be
subject to taxation as any other class OF
goods