New Mexico state record. (Santa Fe, N.M.) 1914-19??, 1917-06-01

the United States of America and the Imperial Government
of Germany, the borrowing of money by the State of New
Mexico, and the issue of bonds therefor, as provided in this
Act, are hereby declared to be necessary to suppress insurrec-
ton and to provide. for the public defense and the contracting
of said indebtedness is / hereby declared to be for such pur-
pose.
Sec. II. That it is necessary for the preservation of
the public peace and safety of the inhabitants of the State
of New Mexico that the provisions of this Act shall become
effective at the earliest possible time, and therefore an emer-
gency is hereby declared to exist and this Act shall take eff
feet and be in full force and effect from and after its pass
age and approval.
CHAPTER E.
AN ACT TO PROVIDE FOR THE ASSESSMENT AND TAXA
TON OF THE PROPERTY OF PRIVATE CAR AND Ex-
PRESS COMPANIES.
S. B. No 7; Approved May s, 1917.
Be it enacted by the Legislature of the State of Nev Mexico:
Section I. The State Tax Commission at its meeting
on the third Monday of September Of each year shall as
sess all the property within this State Of any person or per-
sons, association, company or corporation doing an express.
private car or freight car, including sleeping car, business
in or through the State during the year ending December
I3I preceding, and of such person or persons. association.
company or corporation owning cars operated by others in
or through the State for the same period. The Commission
shall Immediately certify the actual value of the real estate
of said person or persons, association, company or corpora
ton, located in the respective counties to the county assessors
thereof who shall place the same on the tax rolls of said coun-
ties for the ensuing year in the same manner as other pro-
perty.
The valuation of the property of said person or persons.
associations, companies or corporations, except real estate
herein provided for, shall be assessed in the following man
ner:
() All personal property other than rolling stock To-
Gated in this State and used in the business of such person
or persons, associations, companies or corporations.
(2) Rolling stock used by any such person or persons.
associations, or corporations, over any railway line in whole
or in part within the State. The valuation of said rolling
stock for the purpose of assessment shall be such proportion
of the full value of the property Of said person or persons,
associations, companies, or corporations, as the aggregate
number of all car-mies made or travelled by the cars of
such person or persons, associations, companies, or corpora
tons, within the State bears to the whole number of car
miles made or travelled BY such cars in this and all other
states. For the purpose of taxation all cars used exclusive
ly within the State or used, partly within and partly without
the State, are hereby declared to have a situs in the State.
Provided, however, that this act shall not be- applicable to
cars owned by a railroad company, assessed and taxed in this
State, and operated as part OF its regular equipment.
Section 2. The Tax Commission shall, on or before
the first day of November of each year, prepare an assess
nent roll of said sleeping car and private car companies
and of any person or persons, associations, companies or
dong such business, and shall enter thereon
the valuation OF the property of such person or persons, as
ISOLATION, company or corporation, as determined for such
year, less the valuation of the real estate of such person or
persons, association, company or corporation located within
the State.
Section 3. For the purpose of such assessment the
Commission shall have power to call for reports from such
person or persons, association, company or corporation do
ing a private car, sleeping car, or express business in this
State, and from the railroad companies over whose lines
business of such person or persons, association, company
or corporation is conducted or cars transported, in such form
and on such blanks as the Commission shall prescribe.
Section 4. The Tax Commission shall levy and extend
against such person or persons, association, company or cor
poration for each year a tax at the average rate of taxation of
the State. The average rate of taxation shall be computed
by adding for each year the State, County, city, town, viii
school district, and other general taxes except special
assessments and taxes on specific classes of property, and
dividing said amount by the total assessed valuation of the
as shown by the tax rolls for said year. One copy of
rolls as are provided for in Section 2 of this act shall
be delivered to the State Treasurer, one to the State Audi
tor, and one shall be retained by the State Tax Commission.
The State Treasurer shall thereupon collect said taxes from
the person or persons, associations, companies or corpora
~ cocco md shall 1.-o If Il. 11z~. e -z..A.