The Richmond Virginian. (Richmond, Va.) 1910-1920, 1917-02-27
PtnOInG TAX SUITS 70
&c sAvt0 FROM cO0RI
Finance Committee TO Consider Reso-
tuition Authorizing City Attorney
to Compromise with Railroads.
AGREEMENT is DRAWN
Specifications OF Case Laid Down
Whereby Adjustment of Differences
in Tax Assessments May Be Ami.
cabiy Brought About.

The. common council last night re.
ferred to the committee on finance q
resolution giving the city attorney au-
thority to affect a compromise in the
tax assessment cases now pending be-
tween the city and the FIVE steam rail-
roads operating in the city. The terms
and condition OF the compromise. as
drafted by the city attorney, were pre-
scented to the council and forwarded to
the committee. Five suits were filed
court. all of which are similar. They
@ffect the Atlantic Coast Line, Chesa-
peske and Ohio. Seaboard Air Line.
Richmond, Fredericksburg and Poto-
mac and Southern railways. and are
named in order in the compromise pa =
pers
The proposed compromise contains
tie following specifications
Carrier property" IL all real estate
belonging to railway companies, such
as rights OF way. dspots and depot
Rrounds. yards. spur tracks, side tracks
and other tracks, shops. station houses.
engine houses. round houses. car
houses, freight houses warehouses,
pSfuln6S' st Huu terminal III
~tfities and real estate in connection
herewith. used or to be used In the
reasonably near future. in common car
rier business. All other real estate
shall be considered on-carrier
property.
Property To he Reasseasea.
The non-carrier property as above
defined shall be assessed by the city
assessors. to-wit: Messrs. Hunt sloan
and Purcell; Representatives Of thu
railway companies to have the oepor-
Nunity of appearing before said asses
sors and soing with them in detail
over the items. In case of any dine =
~nee of opinion between said assessots
and said representative or representa-
fiYes as 10 the application OF the above
Cehnition. such difference to be referred
back to the city attorney and to the
counsel for the railway company at
tected for adjustment.
The above-named cases against the
railways respectively named shall be
BY agreement continued. and open the
yoming in OF the report of the asses
vors and the payment of the city tax
for the year 1915 al the city rate on
like property for the excess Of the
valuation so made over the value Of
yaid non-carrier property Of the rail-
way companies respectively assessed
by the state corporation commission o.
Virginia, said cases shall. respectively,
ne dismissed. It being hereby declared
thst all other claims OF said city for
additional taxes for said year tsls)
shall be determined by this compro-
mise.
state Assessment Bs~is.
II - understood and agreed that the
report of the city assessors shall be
haw he pf 0n-
rarrier property, as herein defined. by
Th. respectiye railway companies 20
The state corporation commission for
she year 1917 and that said report 50
snadA will be accepted as satisfactory
80 the city OF Richmond. bat should
she state corporation commission as
sess such property AT a different valua'
lion from that assessed under this
agreement. then and in that case, taxes
assessed for the year 1917 shall be as
~~sse. and collected on the basis Of
ahe valuation made by said commits
rion. subject. however to the right of
the railway companies, respectively.
To contest said valuation by due pro-
,ess Of law. and Il is further under
stood that the sSid city OF Richmond
reserves to Itself full liberty to appesr
: mi contest before said state corpora
ZION commission on all other valuations
(which may be set forth in the reports NJ
said railway companies. respectively.
10 said state corporation commission.
This agreement is entered into for
Abe city OF Richmond by it's attorney.
Nut lit liz expressly understood and
wgreed that IL is subject to ratification
and APPROVAL by resolution OF the council
NJ the city in order TO be effective, and
yhe city attorney agrees to recommend
10 the council that IL pass such resoiu-
ton