The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1915-03-11
LEGAL.

erty is situated. a copy of such determi-
nation of the state tax commission shall
making such statement, upon the mort
gagee, and upon the county treasurer to
the notice requiring the payment to the
proper county treasurer, within ten days
thereafter, of the amount of the registra-
ton fees required on such mortgage, If
any remain unpaid determined by said
board. Such additional fees shall become
due and payable at the expiration of ten
days from the receipt of notice of the de-
termination of the said tax commission.
As soon as such fees are paid to the prop
er county treasurer he shall apportion and
transmit the same to the several county
treasurers of the counties where any of
other cases. The state tax comission shall
adopt rules to govern their procedure and
the manner of taking evidence in these
matters, and may require certified state
ments to be furnished by county officers
of the respective counties in relation
thereto. a minute of the determination of
the state tax commission in any such case
shall be entered on the margin of the rec
ord of the mortgage where first recorded,
by the register of deeds, receipt of a
statement of such determination from the
county treasurer of his county.
Sec. 6. Any mortgage of real property,
executed after July 1, 1915, which the
registration fee as herein provided has not
recorded by any register of deeds, neither
shall such mortgage be received in evidence
in any suit, action, or proceedings nor
shall any Judgment Or order for the en-
foreement thereof be made or entered in
any court.
Sec. I. All mortgages of real property
executed after July 1, 1915, upon which the
registra ton fees have been paid pro-
vided in this act as well as the debts and
obligations which they were given to
secure, and all mortgage debenture notes
or bonds, issued under existing statutes of
state treasurer of the state of Kan
sas under such regulation as he
ton stating that the said mortgage
debenture note or bond has been secured
by first mortgage that has been regis |
tered according to the provisions of this |
act and deposited with the said state treas |
urer, and that said mortgage bears a rate |
of interest not to exceed six per cent per |
annum and is first lien against real |
estate in an amount not to exceed fifty !
per cent of the appraised valuation of said /
real estate, and after having been so reg
istered and a flat registration fee of ten
cents per hundred dollars paid into the
state treasury, shall be exempt from tax /
alton by the state, counties, cities, town
ships, school districts, and other munich
shall not apply to any mortgage which is /
not given in good faith to secure the debt |
therein the described but is given for
from taxation upon the indebtedness /
described in the mortgage; and in /
cations or indebtedness purporting to be /
so secured shall be subject to taxation the /
same as if such mortgage had not been |
given.
Sec s; All mortgages of real property .
executed prior to July 1, 1915 shall be /
taxable under the general tax laws of this .
state. provided that such mortgages shall /
be exempt from taxation upon the pay
ment by the holder thereof to the treas
urer of the proper county of the registra-
ton fees herein provided for mortgages |
the amount of the debt thereby secured
and remaining unpaid. Upon such pay
ceipt of such fees upon the original mort
gage and a memorandum thereof shall be
made by the register of deeds upon the
ma rgin of the record of the mortgage; pro-
vided further. that before the owner of
any note secured by real estate mortgage,
or contract giving him a lien as security
on real estate, executed prior to July l.
1919 shall avail himself of the privileges
of this act, he must pay all taxes which
note, mortgage contract. prior to said
date, had the same been properly listed
Sec. 9. All acts and parts of acts in
conflict with this act are hereby repealed.
be in force from and after its publication
in the official state paper.
L hereby certify that the above Bill orig
mated in the Senate and passed that body
18th, 1915 as amended.
March End, 1915, Senate adopted report
Of conference committee.
President of the Senate.
BURT Z. BROWN,
Secretary of the Senate.
Passed the House February 23rd, 1915.
as amended.
March 4th, 1915, House adopted confer
ROBERT STONE.
Speaker of the House.
L. f. LAMBERT.
Chief Clerk of the House.
Approved March 10. 1915
ARTHUR CAPPER Governor.
State of Kansas.
Office of Secretary of State.
I, J. T. BOTkIN, Secretary of State of
the State of Kansas. do hereby certify
that the above and foregoing is a correct
copy of the original enrolled bill now on
file in my office.
IN TESTIMONY WHEREOF. I have
hereunto subscribed my name
ISeal1 and affixed my official seal, this
10th day of March, 1915.
J.'T.- BOTKIN, Secretary of State. 4
By f. a. CORNELL,
Asst. Secretary of State
First published in The Topeka State
Journal, Thursday, Feb %, 1851
State of Kansas, Shawnee County
In the Matter of the Estate of August