when filed.

Annual statement, a sleeping car company, for the purposes of this act; and every such sleeping car company doing business in this State shall annually, between the first day of July and the thirtyfirst day of August make out and deliver to the State Board of Assessors, a statement, verified by the oath of the officer or agent of such company making such statement, with reference to the thirtieth of June next preceding, showing:

Statement,

what to show.

Proviso as to double track lines, etc.

Board may require further information.

First, The total capital stock of such association, company, co-partnership, or corporation invested in palace cars, drawing room cars, sleeping cars and tourist cars;

Second, The number of shares of capital stock issued and outstanding, and the par or face value of each share, representing its palace cars, drawing room cars, sleeping cars and tourist cars;

Third, Its principal place of business;

Fourth, The market value of said shares and stock on the thirtieth of June next preceding, and if such shares have no market value, then the actual value thereof;

Fifth, All mortgages and where recorded, and the names and residences of the holders of the same, together with the franchises and amounts thereof, upon its palace cars, drawing room cars, sleeping cars and tourist cars.

Sixth, (a) The total length of the main lines of all the railroad companies over which said cars are run; (b) The total length of so much of the main line of the railroad companies over which said cars are run as is outside of the State of Michigan; (c) The length of the main lines of said railroad companies over which said cars are run within each of the counties and townships within the State of Michigan: Provided, That where the railroads over which said lines have double tracks, or a greater number of tracks than a single track, the statement shall only give the mileage as though such tracks were but a single track; and in case the State Board of Assessors shall require it, such statement shall show the number of miles of each or any particular railroad system or division within this State in detail. Upon the filing of such statements the State Board of Assessors shall examine them, and each of them, and if it shall deem the same insufficient, or in case it shall deem that other information is requisite, it shall require such officer to make such other and further statements relative to the information required by this act, as said State Board Value of property, of Assessors may call for. In determining the value of the personal property of any sleeping car company as herein defined subject to assessment and taxation in this State, the State Board of Assessors shall first ascertain the total value of the palace cars, drawing room cars, sleeping room cars and tourist cars of such sleeping car company; such amount shall be taken and considered as the aggregate value of the personal property of said sleeping car company invested in and devoted to the sleeping car feature of its business. The board shall then multiply the amount thus obtained by the number of miles of railroad main track over which such cars were used

how determined.

within the State of Michigan, and shall then divide the amount thus obtained by the number of miles of railroad track over which such cars are used both within and without this State, and the quotient thus obtained shall be taken and considered as the true cash value of the personal property of such sleeping car company, subject to assessment and taxation within the State of Michigan. The said amount shall thereupon be as- Amount assessed. sessed and taxed, and the taxes collected, in all respects in accordance with the existing laws now in force for the taxation of the personal property of other companies and corporations which are assessed by the State Board of Assessors of the State of Michigan.

furnished on

when company

SEC. 8. Blanks for making the statements provided for in Blanks to be sections six and seven shall be furnished to such companies on application. making application to said board: Provided, That the reports Proviso hereby provided for shall not in any way relieve any of said as to reports. companies from making the reports now required to be made. to other State officers. In case any company fails or refuses to Action of board make the statement required by this act, or refuses to furnish fails to report. any information requested, the board shall inform itself as best it may on the matters necessary to be known, in order to discharge its duties with respect to the assessment of the property of such company. Any company which shall refuse or Penalty for neglect to make the report required by this act within the neglect or time specified, shall be subject to a penalty of five hundred dollars for each day of the continuance of such neglect or refusal to file said report, to be recovered in a proper action brought in the name of the people of the State of Michigan in any court of competent jurisdiction.

refusal to report.

inspect property,

to arrive at

SEC. 9. Subsequent to the filing of the reports required in Assessment roll, when prepared. the preceding section, and prior to the fifteenth day of January in each year, it shall be the duty of the State Board of Assessors, to prepare an assessment roll as provided in section four of this act, upon which they shall assess at the true cash value on the thirtieth day of June of the year in which the assessment is made, all the property of the companies herein enumerated, subject to taxation under this act, which said assessments shall not be final until reviewed as hereinafter provided. For the purpose of arriving at the amount and charac- Board may ter and true cash value of the property belonging to said com- consider reports, panies as appearing upon the assessment roll for the purpose of assessment and taxation, the said board may personally inspect the property belonging to said companies, and may take into consideration the reports filed under this act, the reports and returns of said companies filed in the office of any officer of this State, and such other evidence as may be obtainable bearing thereon. In determining the true cash How guided in value of the property of each railroad and union station and ascertaining depot company which owns, leases, operates or uses lines property. partly within or partly without this State, the said board shall be guided, in ascertaining the property subject to taxation in Michigan, by the proportion which the number of miles of

cash value.

taxable

Express companies,

main track controlled or used by said company, as owner, lessee or otherwise within the State of Michigan, bears to, the entire mileage of main track controlled or used by said company as owner, lessee or otherwise, both within and without this State. In determining the cash value of the property of value of property, express companies, they shall ascertain and determine the how determined. actual value in money of the entire amount of the capital stock and bonded indebtedness of such express company. From the amount so obtained and determined, said board shall deduct the actual value of all real estate owned by it as ascertained by said board, and the actual value of all its personal property which is not used in the express business of such express company. And the remainder thus obtained shall be used in determining the assessment of such express company in the following manner: The said board shall then divide the amount as obtained above by the total number of miles of railroad, stage, water and other routes over which the company did business, to obtain the value per mile, and shall then multiply the value per mile thus obtained by the total number of miles of such routes within this State, exclusive, however, of the number of miles of water routes over the navigable waters of the United States within this State, to which results shall be added the value of all real estate owned by such express company in this State, as determined by said board, and the sum so obtained shall be taken and considered as the actual value of the property of such express Car loaning, stock company subject to assessment and taxation in this State. In companies, value ascertaining the cash value of the property of car loaning, stock car, refrigerator, fast freight line and other car companies, subject to taxation under this act, they shall ascer tain the average number of cars used in this State during the year preceding the date of the filing of the report mentioned in the preceding section, such average to be determined by dividing the total number of cars so used or operated within this State during said year by the total number of days on which said cars were so used or operated, within this State; and they shall also ascertain the average cash value of such average number of cars, and from said data the total valuation shall be determined and shall be the assessment against the property of said corporation.

car and other

of property,
how determined.

Assessment roll

description of

property.

In case of

railroad, depot companies, etc.

SEC. 10. Upon said assessment roll, after the name of each to contain general of the companies assessed thereon, shall be placed a general description of the properties of said companies, which shall be deemed to include all of the properties of said companies liable to taxation under this act. In the case of railroad, union station and depot companies, such general description may be as follows: "Real estate, rolling stock, right of way and appurte nances thereto, and all other property used in carrying on the corporate business and subject to taxation by a State Board of Assessors." In the case of car loaning, stock car, refrigerrefrigerator, etc., ator and fast freight line and other car companies, the following general description may be used: "Cars subject to tax

Car loaning,

companies.

companies.

ation by a State Board of Assessors." In the case of express Express and companies and sleeping car companies, the following general sleeping car description may be used: "Property subject to taxation by a State Board of Assessors." In an appropriate column oppo- Valuations site the names of said corporations shall be extended the cash extended. valuations of the properties of the said companies so assessed.

of board for

witnesses.

omitted.

of assessment.

SEC. 11. On the third Monday of January in each year it Annual meeting shall be the duty of the State Board of Assessors to meet at review of the State capitol at Lansing, and to continue in session from assessment. day to day for so long a period as may be necessary, not later than the fifteenth day of February next thereafter, for the - purpose of reviewing said assessment roll, and any company or person interested shall have the right to appear during said period and be heard as to the valuation of the property of any company, and said Board of Assessors may, on such application or on its own motion, correct the assessment or valuation of the property of such company in such manner as will, in its judgment, make the valuation thereof just and equal; and for May subpoena the purpose of arriving at the true cash value of the properties assessed on said assessment roll, may subpoena witnesses as provided in section three of this act, and have such hearing as may be deemed necessary. In case it shall appear or be made May place on roll to appear to the members of said board, acting in review for any property assessment purposes, that the property of any corporation subject to taxation under the provisions of this act shall have been omitted from said assessment roll, it shall place the same thereon and make the assessment thereof as required in sections nine and ten of this act: Provided, That any such assess- Proviso, as to time ment shall take place in time to allow five full days for the review of the same before the expiration of the time herein provided for the completion of the review. After said State Cash value as Board of Assessors shall have completed the review of said fixed to be final. rolls as herein provided, they shall place opposite each description of property in said roll, in a column provided for that purpose, the true cash value of the same as ascertained and determined by them, and such valuation so fixed by them shall be the final valuation upon which the tax upon said property shall be levied and spread as herein provided. After said To certify to board shall have completed the review of said roll, a majority thereof shall certify under their hands officially and spread on said roll, a certificate to the effect that the same has been acted upon and reviewed in accordance with law, which certificate shall state all the alterations, changes, corrections and additions made in or to the assessment or valuation of the property appearing on said roll. And all the alterations, changes and corrections made in the determination of the true cash value of the property of the State other than that included in this act upon which ad valorem taxes are assessed for State, county, township, school and municipal purposes for the current year, and also all the alterations, changes and corrections made in the computation of the average rate as hereinafter provided.

work of review.

Duty of

county clerk.

Duty of

supervisor and other assessing officers.

Action of board

in case of neglect

of county clerk

assessing officers.

Penalty for neglect to furnish report.

SEC. 12. It shall be the duty of the county clerk in each county in this State, as soon as possible after the equalization of the board of supervisors of his county of the assessment rolls of the several municipalities therein, and not later than the first day of December in each year, to make a report, duly certified, to the State Board of Assessors, of the record of such equalization and of the record required to be made under section thirty-seven of the general tax law, being section three thousand eight hundred sixty of the Compiled Laws of eighteen hundred ninety-seven, as appears upon the records of such board of supervisors, which report shall, among other things, contain a statement of the amount of ad valorem taxes to be raised in the several municipalities of such county, for State, county, municipal, township, school and other purposes, and a statement of the aggregate valuation of the property in each of said several municipalities, as taken from the assessment rolls of said municipalities for the year in which such equalization is made. It shall be the duty of the supervisor or other assessing officer of cities and villages in this State governed by special charters, which provide for the collection of ad valorem taxes, which are not reported to the board of supervisors for the purposes of equalization or review, and the supervisors or other assessing officers of cities organized under general laws, to make, within the time above limited, a properly certified report to the State Board of Assessors of all ad valorem taxes raised in any of said municipalities, which have not been reported to the board of supervisors for the purposes of equalization and review. In case any county clerk or any or supervisor or assessing officer shall neglect or fail to make the report by this section required, within the time limited, the said State Board of Assessors shall inspect and examine, or cause an inspection and examination of the records of said board of supervisors, or in cities affected by this section, an examination of the records of the proper officers, for the purpose of procuring the information required for the purpose of arriving at the average rate of taxation in this State; and the said board, in addition thereto, may require such reports on blanks that it shall prepare and furnish therefor, from all county, State and municipal officers, as it shall deem necessary to the accomplishment of the purpose of this act. Any county clerk, supervisor or assessing officer, who shall fail to make the report required by this section shall be subject to a penalty of one hundred dollars, to be recovered in a proper action in the name of the people of the State of Michigan, in any court of competent jurisdiction.

Board of assessors to determine

SEC. 13. It shall be the duty of the said State Board of cash value of all Assessors, not later than the fifteenth day of January, in each property of state. year, from the information contained in the reports required by the preceding section and from the information obtained by the members of said board, acting as members of the Board of State Tax Commissioners, under and by virtue of the authority conferred by act one hundred fifty-four of the public