Heppner gazette. [volume] (Heppner, Morrow County, Or.) 1892-1912, 1907-01-03
Continued from last week)


tracks owned or leased by said company
in each county in this state, stated sep
arately.
13. A statement of the entire gross
receipts and net earnings of the com
pany from operation and otherwise,
stated separately, for the fiscal year
ending in the calendar year closing
March /, preceding the report being
made.
IA. Such other facts Or information
of like or different kind as said board
may require in the form of return pre-
scribed by it.
to prescribe such directions, rules and
regulations to be followed in answering
any of the requirements of this section,
or as herein authorized, as in its judg-
ment shall be best calculated to insul
accuracy and uniformity in reporting
the facts.
BLANKS furnished by board-Penalty
for refusal or neglect to report.)
Section 8. Blanks for making the
statements provided for in section eight
[8) of this act shall be provided by the
said board: Provided, that the reports
herein provided for shall not relieve
the company from making any other
report required by law to be made to
any other officer. In case any company
fails or refuses to make any statement
or furnish any information required by
this act, the board shall inform itself
as best it may as to the matters neces-
Sary to be known in order to discharge
its duties with respect to the property
OF such company. Any company which
shall refuse or neglect to make the re
port required by this act within the
time specified shall be subject to a pen
atty of $500 for each day of the contin-
uance Of such neglect or refusal to file
such report, to be recovered in proper
action brought in the name of the state
of Oregon in any court of competent
jurisdiction.
(Board to determine value and prepare
assessment roll-Mieage basis of APP
portionment.)
Section 10. Subsequent to the filing
of the reports required in the preceding
sections, and prior to the first Monday
in October in each year, it shall be the
duty OF the said state board of tax com,
misSioners to prepare an assessment
roll, as provided in section five (5) OF
this act, upon which they shall assess
the true cash value as of the first day
OF March at the hour of l O'Clock a. m.
of the year in which the assessment is
made, OF all the property Of the COM
panies herein enumerated subject to
taxation under this act, which said
assessment shall not be final until re-
viewed as herein provided. For the
purpose of arriving at the amount and
character and true cash value of the
property belonging to said companies
as appearing upon the assessment roll
for the purpose of assessment for taxa
ton under this act, the said board may
personally inspect the property belong
ing to said companies and may take
into consideration the reports filed un-
der this act, the reports and returns of
said companies filed in the office of any
prior officer OF this state, or any county
thereof, the earning power of said COM
paniCs, the franchises and special fran
chises owned or used by said companies
not to be directly assessed, but to be
taken into consideration in determin-
ing the value of the other property,
the assessed valuation Of any property
of said companies, used in the opera
ton of the business of the companies,
and by law required to be assessed by
county assessors, and such other evil
dence of like or dfferent kind as may
be obtainable bearing thereon; prOvid-
ed, that in no event shall any report or
valuation by county assessor, or evil
dence as inthis act provided, be conclu-
sive upon such board in arriving at the
amount and character and true cash
value OF the property belonging to said
companies, and by this act to be
assessed for purposes of taxation by
said board. In determining the true
cash value of the property assessable
for taxation by the said state board Of
tax commissioners of the companies in |
this act enumerated, when said COM |
panies own, lease, operate or use rail, |
pipe or wire lines, or property partly |
within and partly without this state, !
If the board shall value the entire prop |
erty within and without the state as a |
unit, as provided in the next section, |
the said board shall be controlled in |
ascertaining the property subject to
taxation in Oregon by the proportion .
which the number OF miles of main
track (meaning thereby main, stem,
and branch lines), miles of wire, or
miles of main pipe lines controlled or
used by said company, as owner,
lessee, or otherwise, within the state
of Oregon bears to the entire mileage
of main track as aforesaid miles OF wire
or main pipe line controlled or used 10y
said company as owner, lessee, or
otherwise.
Determination of value as a unit
Deduction of property locally assess
ED
Section II. The said board, for the
purpose of arriving at the actual cash
value of the property assessable by it,
sad Result.