The Birmingham age-herald., 1915-10-23

statements, if the value thereof be given in said statements, of all real and person. al property of said person. association
 company or corporation not specifically
 used in it's business, and the remainder
 shall be treated as the true cash value
 of all it's property, tangible and in-
 tangible. actually used in this business.
 The state board of equaliza ton shall then ascertain and fix the value of the total
 property, tangible and intangible, in this
 state by taking such proportion of the
 cash value of the entire property, tangf-
 ble and intangible, of such person, asso-
 oiation, company or corporation which is specifically used in it's business, as-
 eertained as provided by this act, as it's
 total lines within this state, bears to the
 total lines lines both inside and outside
 of this state, or as it's total receipts from within this state, bears to it's total re-
 ceipts from both within and without this state. From the entire value of the prop erty within this state, tangible and in tangible, when ascertained as above pro- vided, there shall be deducted the total value of the entire real and personal property of said person, association, com pany or corporation in this state, and 60 per cent of the residue and remainder of value shall be by said state board of equalization fixed and determined as the true value for taxation of the franchise or intangible property of such person. association, company, or corporation so operating said railroad, car lines, tele- graph line, telephone line, or pipe line made subject to taxation by the provision of this act.
 Sec 129. The state board of equalization shall apportion the value of such fran chise or intangible property thus ascer- tained as in this act provided among and between the counties and cities or towns in which such persons, association, ft<,x, h11c iy1 proportion to the amount of business done | in and receipts derived from each local | ity, except that in a case of a railroad or railway company, telephone or tele- graph company, and electrical power com | pa nies car companies other than express companies, or of a pipe line, the appor- tionment to each county and to each city or town shall be in proportion to the | line mileage or car mileage therein.
 Sec 130 The state board of equalization shall make use of all evidence put be- ] fore it. and of all material facts at its command, in valuing the aforesaid prop critics, and if it shgll believe some other method of calculation than that herein specifically prescribed is necessary in or der to produce just and lawful results, l it shall follow the methods, which, un- der all the circumstances, it believes best l calculated to bring about fair and equit- able valuation of such property.
 | Sec 131. Within 20 days after making the valuation of any such franchises or intangible property. the state board of l equalization shall give notice in writing | by registered mail addressed to or by personal service on any officer, supern- tendent, cashier manager of the own l CT of said franchises or intangible prop critics, stating the valuation fixed by 1t and that on a day specified not less than 20 nor more than 30 days thereafter, it | l.. 1ot1 rar1rr plaint against said valuation, which no- tice must be served at least 10 days be- | fore the day fixed for the hearing.
 l Sec 132. At the hearing the owner may l file a statement under oath, specifying i the respect in which the valuation is
 incorrect. upon which testimony may be taken and a full investigation had.
 | Sec 133 Whenever any person or asso- , citation of persons, not being corpora I ton, and having no capital stock, shall engage in this state in any character Of | business embraced within the provisions of this act, the capital and property ! or the certificate or ether evidences o1 1 the rights or interests of the persons l engaged in such business, shall b. deemed and treated as the capital stock of such person or association of per ! sons for the purpose of taxation and I for all purposes under this act. and shall | be estimated and valued, and the in tangible property values thereof, when as. lcertained, shall be apportioned and dis ] tributed and assessed and taxed under l the provisions hereof, in like manner as Tiff such person or association of persons were a corporation, and each such per son and association of persons shall an nually, within the time and in the man ner provided in this act, make the state ments and reports and give the informa ton required by this act of the afore
 said companies, corporations and asso citations. and shall be subject to all tho lpenalties and to all the terms and pro
 visions of this act.
 Sec. 134. The state board of equalization after having first determined and fixet the true cash values of the franchise ol Intangible property within this state o the individuals, companies, corporations and associations embraced within thu provisions of this act, in accordance witl the provisions hereof, shall annually or or before the first day of July, or al seon thereafter practicable. report tt the tax assessor of every county ant local authorities of each city or tow in this state in which any part of sait franchise or intangible property is taxa hle under the provisions of this act a description of the franchise or intangi ble property taxable therein, and tn
 value thereof apportioned to said county
 and to said city or town, and the nam
 and residence or place of business O
 the owner, and all other necessary partic
 ulars
 Sec. 135 The said property shall thereup
 on be entered by the county tax assesso
 and local authorities of such city O
 town for taxation in like manner as othe
 property, and shall be taxed and tn taxes thereon shall be collected as in tn case of other property.
 } Sec 136. So long as any corporation company, or association shall pay all a,
 vaiorem taxes on said property require'
 by law, the individual stockholders there
 of shall not be required to list thei
 shares of stock for taxation, or to pa.
 aG valorem taxes on said shares, no
 shall any such company, corporation. as
 sociation, person or persons, complyini
 with the provisions of this act be require, } to pay any other state, county or cit, ad valorem taxes on any of its intangi
 ble property in this state.
 Sec. 137. Every person and association o : persons, and every company, corporation 5 or association embraced within the pro . visions of this act which shall fail t : make the return and statement or any o : them herein provided within the time here
 in limited, or which after reasonable nc tice shall fail to give any additional ev dence or to furnish any additional infoI nation required by the state board c , equalization by authority of this aci
 st all forfeit and pay to the state tn i; sum of $50 for every day during whc l 1t shall continue in default which shal
 he recovered by suit in any court O ! competent Jurisdiction in any county i , the state in which the business of sue
 lrerson, association, company, or corpora ) ton is carried on.
 Sec. 13S. If any person, association, com pany, or corporation embraced within tn |, lprovisions of this act shall fail to mak