Ladysmith news-budget. [volume] (Ladysmith, Rusk County, Wis.) 1907-1927, 1913-08-22
(13>. Tbs whole length and the
namAA OF railroad 1inea and water

(1s,. Tbs whole length and the
9 routes OF ogse Wh nsi tnd da Sus
ness, and separately, in detail the por-
lions of such lines and routes within
this state, and the portions Of such
eyer t waters tn Of the
(14) Such other facts or informa-
ton as such company may deem mater
ial upon the question of the taxable
value of its property within this state;
and such other facts or information
as the tax commission shall call for.
Said commission shall furnish forms
to said companies upon which to make
such reports.
Section A. Sections 1222bb, 1222be,
1222-53, 1222-63 and 1222-78 Of the
statutes are consolidated revised and
amended to read: 51.3S The tax COM
mission shall make an assessment Of
the property Of all companies defined
in section 51.36 within the state for
the purpose of Ievying and collecting
taxes thereon as hereinafter provided.
1t shall commence such assessment on
the third Wednesday Of August in
each year and proceed day by day, I'M
less adjourned for longer time, until
such assessments are finished. Said COM
mission, by registered letter, shall give
notice to the officer Of each such COM
after the filing thereof, and the time
and place such company may appear
and be heard in respect to the assess
ment to be made upon Its property.
Sleeping-car property, as defined by
section 51.36, which is owned and OPP
Grated by any railroad company taxed
under the provisions of this chapter,
is exempt from assessment under this
section, and from all taxation pursu-
ant to such assessment.
Section As. Sections 1222bc, 1922
81, 1222-64 and 1222-74 Of the stat
utes are consolidated, revised and
amended to read 51.39 The tax COM
mission shall carefully consider all
and all other facts and evidence col
lected or available, and after hearing
the testimony and arguments which
each company defined in section 51.36
the true value in money Of the entire
property of each such company in this
state, according to the following rules:
(a) 1t shall find, ascertain and de-
termine the actual value in money Of
the entire amount Of the capital stock
of each such company invested in its
business; and from the amount SO OBJ
tanned and determined it shall deduct
the actual value of all it's real estate
situated without this state, and the
actual value of all it's personal prop
erty not used in it's business. The re-
neinder shall be taken and considered
as tho actual value of the capital stock
of such company invested in it's business.
CO. The commission shall then di-
vide the amount so obtained by the
total number of miles of railroad,
stage. water and other routes over
which the company did business, to
then multiply the value per mile thus
obtained by the total number Of miles
Of such routes within this state, ex-
elusive, however, Of the number Of
able water of the United States, with
in this state, and the result shall be
taken and considered as the actual
value of the property of such COM
pany subject to assessment and taxa
ton in this state.
Co The commission shall thereupon
assess such value, and shall levy tax
thereon for the use Of the state at the
average rate Of taxation, state and
local consolidated of this state, GER
tifying such assessment and levy to
the state treasurer. who shall there
upon, by registered letter, notify the
officer attesting the report of such
company. the amount of the assess
of the tax; and such company shall
have thirty days after the mailing
of such notice within which to pay
said tax to the state treasurer. And
Of all other taxes and licenses of every
nature against such company.
Section As. Sections 1222bd, 1929
S., 1222-e5, 1222-75 and 1222-86 Of
Lu6 statutes are revised
and amended to read; 51.4o CD If
any company designated in section
51.36 shall fail to make the report re-
CURED Of it by section 51.37 the
commission shall proceed upon the best
information it may be able to obtain
to make a statement for such com
pany Of all the facts which should
have been so reported and shall
tered letter of it's action in that be-
FTharpnnOn l.
fed may appear and be heard as here
inbefore provided. Every tax levied
upon the property of any such conf
pany shall become due and payable
by the state treasurer of the notice
required by subsection (c) of section
$3.50.
ca All taxes remaining unpaid shall
draw interest at the rate of fifteen per
centum per annum after they are due,
and upon such failure to pay the at
torney general shall proceed by action
in the name of the state against such
company to collect the same, together
with interest and the costs of the
suit.
(3) In any action, whether hereto
fore or hereafter accrued, the state
may proceed by attachment or garn-
ishment to reach. property or as
sets Of the defendant company. The
affidavit for the purpose of such ancil-
larry proceeding shall be sufficient if
it states that there is due and owing
to the state from the defendant a sum,
naming 1t as near as may be, on &C.
count Of an assessment made pursu-
ant to law, in lieu of the usual state
ment that the tax and interest is duo
to the state upon contract, and in lieu
of the statement that the action Is
to recover damages founded upon con-
tract.
Section A. Section 1926 of the
statutes is repealed.
Section 48. Section 1222-S3 of the
statutes is remembered and amended
to read; 51.41 If any company deS-
cribed in section 51.36 or its officers
or agents shall unreasonably refuse or
neglect to make any report required
by law or by said commission, or shall
unreasonably refuse or neglect to an
swer any material question, or to PEI
nit an inspection of it's records, books,
accounts or papers, when requested by
said commission, it shall be estopped
to question or impeach the action or
determination of the commission eX-
cept upon satisfactory proof of fraud
or mistake Injurious to it. No such
company shall be allowed in any ac-
ton or proceeding to question the
amount or valuation Of it's property
and franchises as assessed by the
commission unless it shall have made
and filed with such commission a full
and complete report Of the facts and
information prescribed by law and