[Added by act approved and in force April 30, 1895. L. 1895, p. 301; Legal News Ed., p. 210.

RULES FOR LISTING THE PROPERTY AND BUSINESS OF BANKS, BANKERS, BROKERS AND STOCK-JOBBERS.

30. LISTING AND VALUING PROPERTY OF BANKS, ETC.] § 30. Every bank (other than banks incorporated under the banking laws of this State or of the United States) banker, broker or stock-jobber, shall at the time fixed by this act for listing personal property, make out and furnish the assessor a sworn statement showing, First, the amount of money on hand or in transit. Second, the amount of funds in the hands of other banks, bankers, brokers or others, subject to draft. Third, the amount of checks or other cash items; the amount thereof not being included in either of the preceding items. Fourth, the amount of bills receivable, and interest accrued but not due, and interest due and unpaid. Fifth, the amount of bonds and stocks of every kind, and shares of capital stock or joint stock of other companies or corporation, held as an investment or any way representing assets. Sixth, all other property appertaining to said business, other than real estate (which real estate Ishall be listed and assessed as other real estate is listed and assessed "under this act). Seventh, the amount of all deposits made with them by other parties. Eighth, the amount of all accounts payable other than current deposit accounts. Ninth, the amount of bonds and other securities exempt by law from taxation, specifying the amount and kind of each, the same being included in the preceding fifth item. The aggregate amount of the first item shall be listed as moneys. The amount of the sixth item shall be listed the same as other similar personal property is listed under this act. The aggregate amount of the seventh and eighth items shall be deducted from the aggregate amount of the second, third and fourth items of said statement and the amount of the remainder, if any, shall be listed as credit. The aggregate amount of the ninth item shall be deducted from the aggregate amount of the fifth item of such statement and the remainder shall be listed as bonds or stocks. [As amended by act approved May 15, 1903. In force July 1, 1903. L. 1903, p. 294; Legal News Ed., p. 232.

PAWNBROKER.

31.] § 31. Every person or company engaged in the business of receiving property in pledge or as security for money or other thing advanced to the pawner or pledger shall be held to be a pawnbroker, and shall, at the time required by this act, return, under oath, the value of all property pledged and held by him, as pawnbroker, on hand on the first day of May, annually, and taxes shall be charged upon the fair cash value of such property, to such pawnbroker, the same as other property. [See §§ 301-303.

LISTING CAPITAL STOCK OF CORPORATIONS AND FRANCHISES OF PERSONS. 32. RULES FOR LISTING AND VALUING PROPERTY OF CERTAIN CORPO

RATIONS SWORN STATEMENT OF CERTAIN CORPORATIONS.] § 32. Bridges, express, ferry, gravel road, gas, insurance, mining, plank road, stage, steamboat, street railroad, transportation, turnpike and all other companies and associations incorporated under the laws of this State other

than banks organized under any special or general law of this State and companies and associations organized for purely manufacturing and mercantile purposes, or for either of such purposes, or for the mining and sale of coal, or for printing, or for publishing of newspapers, or for the improving and breeding of stock, shall in addition to the other property required by this act to be listed, make out and deliver to the assessor a sworn statement of the amount of its capital stock, setting forth particularly:

First-The name and location of the company or association.

Second-The amount of capital stock authorized, and the number of shares into which such capital stock is divided.

Third-The amount of capital stock paid up.

Fourth-The market value, or if no market value, then the actual value of the shares of stock.

Fifth—The total amount of all indebtedness, except the indebtedness for current expenses, excluding from such expenses the amount paid for the purchase or improvement of property.

Sixth-The assessed valuation of all its tangible property; such schedule shall be made in conformity to such instruction and forms as may be prescribed by the Auditor of Public Accounts. In all cases of failure or refusal of any person, officer, company or association to make such return or statement, it shall be the duty of the assessor to make such return or statement from the best information which he can obtain. [As amended by act in force July 1, 1905. L. 1905, p. 353; Legal News Ed., p. 277.

33. SCHEDULE RETURNED-FORWARDED TO AUDITOR-STATE BOARD OF EQUALIZATION TO ASSESS CAPITAL STOCK.] § 33. Such statements shall be scheduled by the assessor; and such schedule, with the statements so scheduled, shall be returned by the assessor to the county clerk. Said clerk shall, at the time he makes his report of assessment, forward to the Auditor all such schedules and statements so returned to him. The Auditor shall, annually, on the meeting of the State Board of Equalization, lay before said board the schedules and statements herein required to be returned to him; and said board shall value and assess the capital stock of such companies or associations, in the manner provided in this act.

34. FRANCHISE TO BE LISTED AND VALUED.] § 34. Every person owning or using a franchise granted by any law of this State, shall, in addition to his other property, list the same as personal property, giving the total value thereof.

STATE AND NATIONAL BANKS.

35. How ASSESSED AND TAXED.] § 35. The stockholders of every kind of incorporated bank located within this State, whether such bank has been organized under the Banking Law of this State, or of the United States shall be assessed and taxed upon the value of their shares of stock therein, in the county, town, district, village or city where such bank or banking association is located and not elsewhere, whether such stockholders reside in such place or not. The value of such shares of stock for purpose of taxation, shall be ascertained by deducting from

the value of all the shares of the capital stock of such bank, the fair cash value of the real estate owned by such bank or banking association situated in the county in which such bank or banking association is located as determined by the assessor. Such shares shall be listed and assessed with regard to the ownership, and value thereof as they existed on the 1st day of April annually, subject, however, to the restriction that taxation of such shares shall not be at a greater rate than is assessed upon any other moneyed capital in the hands of individual citizens of this State, in the county, town, district, village or city where such bank is located. The shares held in this State, of capital stock of National banks not located in this State, shall not be required to be listed under the provisions of this act. [As amended by act approved May 15, 1903. In force July 1, 1903. L. 1903, p. 295; Legal News Ed., p. 232.

36. LIST OF STOCKHOLDERS TO BE KEPT, ETC.] § 36. In each such bank there shall be kept at all times a full and correct list of the names and residences of its stockholders, and of the number of shares held by each; which list shall be subject to the inspection of the officers authorized to assess property for taxation; and it shall be the duty of the assessor to ascertain and report to the county clerk a correct list of the names and residences of all stockholders in any such bank, with the number and assessed value of all such shares held by each stockholder.

37. SHARES LISTED IN THE NAMES OF OWNERS-TAX EXTENDED.] § 37. The county clerk, to whom such returns are made, shall enter the valuation of such shares in the tax lists, in the names of the respective owners of the same, and shall compute and extend taxes thereon the same as against the valuation of other property in the same locality.

38. HOW TAXES ON SHARES COLLECTED LIEN.] § 38. The collector of taxes, and the officer or officers authorized to receive taxes from the collector, may, all or either of them, have an action to collect the tax assessed on any share or shares of bank stock from the avails of the sale of such share or shares; and the tax against such share or shares shall be and remain a lien thereon till the payment of said tax.

39. DIVIDENDS TO BE HELD FOR TAXES SHARES SOLD.] § 39. For the purpose of collecting such taxes, it shall be the duty of every such bank, or the managing officer or officers thereof, to retain so much of any dividend or dividends, belonging to such stockholders as shall be necessary to pay any taxes levied upon their shares of stock, respectively, until it shall be made to appear to such bank or its officers that such taxes have been paid; and any officer of any such bank who shall pay over or authorize the paying over of any such dividend or dividends, or any portion thereof, contrary to the provisions of this section, shall thereby become liable for such tax; and if the said tax shall not be paid, the collector of taxes where said bank is located shall sell said share or shares to pay the same, like other personal property. And in case of sale the provision of law in regard to the transfer of stock when sold on execution, shall apply to such sale.

MANNER OF LISTING AND VALUING THE PROPERTY OF RAILROADS.

40. SCHEDULES-1ST MAY.] § 40. Every person, company or corporation owning, operating or constructing a railroad in this State, shall return sworn lists or schedules of the taxable property of such railroad, as hereinafter provided. Such property shall be listed and

assessed with reference to the amount, kind and value on the 1st day of May of the year in which it is listed. [See §§ 301-303, 347.

41. TIME OF FILING SCHEDULE-FORM OF SAME.] § 41. They shall, in the month of May of the year 1873, and at the same time in each year thereafter when required, make out and file with the county clerks of the respective counties in which the railroad may be located, a statement or schedule showing the property held for right of way, and the length of the main and all side and second tracks and turnouts in such county, and in each city, town and village in the county, through or into which the road may run, and describing each tract of land, other than a city, town or village lot, through which the road may run, in accordance with the United States surveys, giving the width and length of the strip of land held in each tract, and the number of acres thereof. They shall also state the value of improvements and stations located on the right of way. New companies shall make such statement in May next after the location of their roads. When such statement shall have been once made, it shall not be necessary to report the description as herein before required, unless directed so to do by the county board; but the company shall, during the month of May, annually, report the value of such property, by the description set forth in the next section of this act, and note all additions or changes in such right of way as shall have occurred. [See §§ 301-303, 347.

42. "RAILROAD TRACK"-DESCRIPTION OF.] 8 42. Such right of way, including the superstructures of main, side or second track and turnouts, and the station and improvements of the railroad company on such right of way, shall be held to be real estate for the purposes of taxation, and denominated "railroad track," and shall be so listed and valued; and shall be described in the assessment thereof as a strip of land extending on each side of such railroad track, and embracing the same, together with all the stations and improvements thereon, commencing at a point where such railroad track crosses the boundary line in entering the county, city, town or village, and extending to the point where such track crosses the boundary line leaving such county, city, town or village, or to the point of termination in the same, as the case may be, containing ... acres, more or less, (inserting name of county, township, city, town or village boundary line of same, and number of acres, and length in feet,) and when advertised or sold for taxes, no other description shall be necessary. [C. B. & Q. R. R. v. Paddock et al., 75 Ill., 616; People v. Ill. Cent. R. R. Co., 215 Ill., 177; People v. A. T. & S. F. Ry. Co., 206 Ill., 252.

...

43. How "RAILROAD TRACK" LISTED AND ASSESSED.] § 43. The value of the "railroad track" shall be listed and taxed in the several counties, towns, villages, districts and cities, in the proportion that the length of the main track in such county, town, village, district or city bears to the whole length of the road in this State, except the value of the side or second track and all turnouts, and all station houses, depots, machine shops or other buildings belonging to the road, which shall be taxed in the county, town, village, district or city in which the same are located.

44. "ROLLING STOCK"-SCHEDULE.] § 44. The movable property belonging to a railroad company shall be held to be personal property,

and denominated, for the purpose of taxation, "rolling stock." Every person, company or corporation owning, constructing or operating a railroad in this State, shall, in the month of May, annually, return a list or schedule, which shall contain a correct detailed inventory of all the rolling stock belonging to such company, and which shall distinctly set forth the number of locomotives of all classes, passenger cars of all classes, sleeping and dining cars, express cars, baggage cars, horse cars, cattle cars, coal cars, platform cars, wrecking cars, pay cars, hand cars, and all other kinds of cars. [See §§ 301-303, 347.

45. How "ROLLING STOCK" LISTED AND TAXED.] § 45. The rolling stock shall be listed and taxed in the several counties, towns, villages, districts and cities, in the proportion that the length of the main track used or operated in such county, town, village, district or city bears to the whole length of the road used or operated by such person, company or corporation, whether owned or leased by him or them in whole or in part. Said list or schedule shall set forth the number of miles of main track on which said rolling stock is used in the State of Illinois, and the number of miles of main track on which said rolling stock is used elsewhere.

46. PERSONALITY AND REAL ESTATE OTHER THAN "ROLLING STOCK" AND "RAILROAD TRACK"- —WHERE LISTED.] § 46. The tools and materials for repairs, and all other personal property of any railroad except "rolling stock," shall be listed and assessed in the county, town, village, district or city wherever the same may be on the 1st day of May. All real estate, including the stations and other buildings and structures thereon, other than that denominated "railroad track," belonging to any railroad, shall be listed as lands or lots, as the case may be, in the county, town, village, district or city where the same are located.

Such

47. How SUCH OTHER PERSONAL AND REAL PROPERTY ΤΟ BE ASSESSED.] § 47. The county clerk shall return to the assessor of the town or district, as the case may require, a copy of the schedule or list of the real estate (other than "railroad track,") and of the personal property (except "rolling stock,") pertaining to the railroad; and such real and personal property shall be assessed by the assessor. property shall be treated in all respects, in regard to assessment and equalization, the same as other similar property belonging to individuals, except that it shall be treated as property belonging to railroads, under the terms "lands," "lots," and "personal property." [See §§ 301-303, 347.

48. RAILROAD RETURNS TO AUDITOR.] § 48. At the same time that the lists or schedules are hereinbefore required to be returned to the county clerks, the person, company or corporation running, operating or constructing any railroad in this State, shall return to the Auditor of Public Accounts sworn statements or schedules, as follows:

First Of the property denominated "railroad track," giving the length of the main and side or second tracks and turnouts, and showing the proportions in each county, and the total in the State.

Second-The "rolling stock," giving the length of the main track in each county, the total in this State, and the entire length of the road. Third-Showing the number of ties in track per mile, the weight of iron or steel per yard, used in main and side tracks, what joints or