The Detroit times., 1913-10-15
Taxses.

To the. Honorable the Common Council:
Gentlemen--Your Committee on
Taxes to whom was referred the petit
lions Of Detroit Fire q Marine Insnr-
ance Co. Northern Assurance Co.,
Michigan Fire Il Marine Insurance Co..
Detroit Life Insurance CO.. all for the
cancellation or reduction OF the per-
sonal assessments levied against them
for the years 1912 and 1919, beg leave
to report as follows:
Re. petition Detroit Fire x Marine
Insurance Co, we md that petitioner
was assessed on personal PEI property on
said amount Jnciudihg 11ortsaxes on
Freai estate on which the mortgage tax
had been paid amounting to 27.0S:.32 !.
that the Supreme Court has held that
MORTGAGES on which the mortgage tax
had been paid should be deducted from
the personal property OF Insurance
companies: that the total amount after
shs TO Which amount
recommend a reduction. also petitioner
was assessed for the year 1919 on
valuation OF $i,25o.7o including mort.
bonds, after deducting which would
leave the sum Of 324.S52.sS, to which
amount we recommend reduction:
Re petition Northern Assurance Co.
we ind that said company was as
sessed in 1912 on valuation Of 1854
including mortgages amounting to
365,eC0 on which the mortgage tax
had been paid, that ssid taxes were
set aside by the courts and inasmuch
as the company was illegally assessed
for 1912 we recommend that the taxes
against them for said year be can
celled also said company was assessed
in 1918 for mortgages on which the
mortgage tax had been paid and We
therefore recommend that the assess
mcnt levied against them for 1913 be
Re. petition Michigan Fire Ma
rine Insurance Co. We md that petit
toner was assessed on personal pro-
perty for the year 1913 on valuation
OF S612,650; that said company had tax
exempt bonds amounting to sl4,2so
and real estate mortgages on which
the mortgage tax had been paid.
amounting to sss.575. that said com.
psny ass m aSsn the tosa
sessed against II for said year and con-
sequentiy no tax should have been
levied against VI. and we therefore
ment for the year 1918 be cancelled; =
Re. petition Detroit Life Insurance
Co. We find that said company was
assessed In 1912 on personal property
amounting to S1a4,930. including mort
cages on real estate on which the
mortgage tax had been paid amount
ing to S125.422; that the amount OF
said mortgages was ordered deducted
from the personal assessment OF pc
titioner by the circuit court; leaving
an assessment, of $3.50 for the year
1872 which we recommend the City
Treasurer be authorized TO accept In
full settlement: also petitioner was
assessed on valuation OF 321s.0o0 for
the year 1913. including mortgages on
real estate on which the mortgage AK
| had been paid amounting to e200.0s1;
that the supreme court held that said
mortgages should be deducted from
the personal assessment levied against
said company and We therefore recon-
mend that the assessment levied
against them for 1897 be reduced to
s1S.110 and therefore offer the follow
ing resolution.
Respectfully submitted,
GEORGE s. FIELD.
JAMES VERNON, 100
GODFREY FREIWALD.
ROBERT w. RUTTER,
u. ID. CASE.
M JOHN L. JAKEL
| Accepted. and on leave, the following
resolution was offered:
I BY Aid. Field
Resolved. That the City Treasurer
| be and he IL hereby authorized and In
personal assessments levied against
| the firms hereinafter mentioned. for
the years and In the amounts specf-
fed. towit y
- -~z~t 49, . -- As.-,-sls
Northern Assurance Co. ..............
Michigan Fire L Marine rn. sa Co.
| and be Il further
Resolved. That the City Treasure
be and he ~ hereby authorized and In
structed 10 accept from the Arms here
matter mentioned. such amounts q,
| appear opposite their respective names
|! 1Cn5iKsh{6 Rvitd SEilnst them Tor a..
fzeevD ~-s1:s>seae6.~ and eassel balere,