The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1913-03-06
LEGAL.
existing on the LIST day

n Highest price of sales of stock dur
| 30 ing the preceding year.
| - me total mileage made by the roll
| ing stock of said company over rail-
| ROADS within the state during the year
| ending with the 31st day of December
| o next preceding the retucn.
%. The total mileage made by the roll
ing stock of said company over rail-
| roads in other states and territories
| during the year, ending with the 31st
| d, OF december next preceding.
a. Average price of sales of stock dur
~ ing the preceding year.
% Inc report shall contain itemized
| statement of the assets and liabilities
OF the company under the following
ASSETS
Real estate.
Operating supplies,
Cash.
Manufacturing department invest
ment account,
Securities,
Accounts receivable
Amy other items)
LIABILITIES
Capital stock
Accounts payable,
deserves for depreciation. ETC.,
(Any other itemsl
Total
The statement of assets and liabilities
SO furnished shall be in such detail as to
exaUle clear aScertainment therefrom
OF the proportion of the capital stock of
the company that represents the different
operation; OBJ manufacturing; or Cc) other
operations. The information to be fur
nlsneo under this sub-number shall be
such as may be required by the Tax Com
mission And in every case any Individual
personally, partnership by a member,
and a joint stock company or corporation
by its president, chairman secretary and
treasurer, or any two of them, after hav-
ing been sworn or affirmed to act with
Iiuenty ana according to the best of his
or their knowledge and belief shall be-
tween the LIST and Goth days of April 1913
ana within the same period in each sue
ceSolng year, estimate and appraise, if an
individual or partnership, the value of
MS or their property wheresoever situated
which is then used in connection with his
or their car line business. and If a joint
stock company or corporation, the capital
STOCK OF the said company at it's actual
value in cash, such valuation to be in the
SUM- however, not less than the total
value of all the shares of outstanding
stock as such value shall be ascertaned
by multiplying the total number of out
standing shares of stock by the average
price at which said stock sold during the
preceding year, and not less than the
price value indicated or measured bv
net earnings by the amount of profit
made and either declared in dividends or
carried into surplus or sinking fund, and
when the same shall have been so truly
estimated and appraised they shall forth
with forward to the Tax Commission a
written statement of their estimate and
appraisement accompanied by an oath or
affirmation signed by them and attested
py the signature and seal of a notary
public or other person duly qualified to
administer oats; provided, that if the Tax
Commission be not satisfied with the val
uation and appraisement so returned to it.
or II a full and complete return as above
provided for be not filed, or If being filed
such return does not contain all the in
formation above designated, the commits
sion, acting as the board of railroad as
SCISSORS, is hereby authorized and empow-
cred in making its assessment of the
property of the said company to base such
assessment upon any information within
the possession of the members of said
CG1n afxaTra Il
rived; and in the event of the neglect
or refusal of any person, partnership
joint stock company corporation to
make and file the report and appraise-
ment as hereinbefore required for period
of sixty days after the goth of April as
aforesaid, it shall be the duty of the Tax
Commission, acting the board of rail
road assessors, and it is hereby author
lied and empowered when it has ascertain
ed for assessment purposes as herein
provided the value of the property of any
such company, to add fifty per cent addi-
tonal value as penalty for such neglect
and failure to file the report herein re-
quired.
Sec. 2. On before the first day Of
September, after the filing of such report
the Tax Commission, acting as the board
of railroad assessors, shall assess the
property of such company in the state of
Kansas in accordance with the following
rule; 1t shall determine the value of all
the property of any such company both
within and without the state of Kansas
including It's franchises, and shall then
assess against the property of the said
company within the Jurisdiction of the
state of Kansas such a percentage of the
total value of all assets of the said COM
pany which are involved in the owner
ship and operation of cars over its entire
proportionate intangi-
BILE assets-as shall equal the percentage
which, the mileage made by the rolling
stock of the said company over railroads
within the state during the year ending
with the 31st day of December next pre-
ceding the return, is of the total mileage
made by the rolling stock of said company
over railroads in all states territories
during the said year ending with the 31st
day of December next preceding the said
return; provided, that if for any reason
Information is not furnished the commits
sion upon which to proceed as herein
before required, then the commission may
ascertain the actual earnings of the said
from the operation of its cars
in, through or across the state of Kansas
Or in the absence of proper information
upon the subject may estimate such earn
ngS and may then proceed to assess the
of the said company within the
state of Kansas at amount which
at the average rate of taxation in the
state for the year preceding ON all prop
erty in the state will produce tax equal
20 four per cent of the gross earnings of
he said company as so ascertained or
and upon any assessment made
lnder the provisions of this section the
FAX Commission is hereby authorized and
empowered each year to make levy for
purposes of taxation against the value
assessed and determined to exist in the
state as aforesaid at rate which shall
,qual the average rate of levy for all pur-
poses i'm the several taxing districts of
he state for the preceding year.
Sec g. Section / of chapter 31S, Laws of
911 and all acts or parts of acts incon-
istent with the provisions of this act are
hereby repealed.
Sec. T. This act shall take effect and be
n force from and after its publication in
he official state paper
1 hereby certify that the above bill orig
mated in the House, and passed that body
IA, 1913
w. L. BROWN.
Speaker of the House.
GEO ROCEE2S