Chap. 281.—An ACT to amend and reenact an act approved March 17, 1906,
entitled an act to amend and re-enact section 27 of an act entitled an
act to raise revenue for the support of the government and public free
schools and to pay the interest on the public debt, and to provide a
special tax for pensions, as authorized by section 189 of the Constitu-
tion, approved April 16, 1903, as amended and re-enacted.

Approved March 16, 1910.

1. Be it enacted by the general assembly of Virginia, That section
twenty-seven of an act entitled an act to raise revenue for the support
of the government and public free schools and to pay the interest on the
public debt, and to provide a special tax for pensions, as authorized by
section one hundred and eighty-nine of the Constitution, approved April
the sixteenth, nineteen hundred and three, as amended by an act ap-
proved March seventeenth, nineteen hundred and six, be amended and
re-enacted so as to read as follows:

§27. Every railway and canal corporation of this State not exempt
from taxation by virtue of its charter, and every railway and canal cor-
poration incorporated under the laws of any other State doing business
in this State, shall report annually on or before the fifteenth day of
August to the State corporation commission all of its real and personal
property of every description, as of the thirtieth day of June preceding,
showing particularly in what county or corporation the principal office
or agency of such corporation is located in this State, and in what county
or corporation the principal office or agency of such corporation is lo-
cated, and also showing what part of such property is located in each
school district of such county, and classifying the same under the follow-
ing heads:

First. Roadway and track or canal bed. |

Second. Depots, depot grounds and lots, station buildings and fixtures
and machine shops. |

Third. Real estate not included in other classes.

Fourth. Rolling stock, including passenger, freight, cattle or stock,
baggage, mail, express, sleeping, palace, and all other cars owned by or
belonging to the corporation, boats, machinery, depot. and office furni-
ture and equipment, house and appurtenances occupied by lock-gate
keepers and other employees: provided, that foreign railway and canal
corporations doing business in this State shall report and be assessed
on the average amount of rolling stock habitually used by them in this
State.

Fifth. Stores.

Sixth. Telegraph lines.

Seventh. Stock, bonds and other evidences of debt of other corpora-
tions and individuals and firms held by such company.

Kighth. Stocks, bonds and other evidences of debt of any person or
corporation belonging to any such company chartered in this State, in
excess of its indebtedness, whether the same be held in trust or other-
wise by some other person, firm or corporation, within or without this
State, which, for the purpose of this act, shall be considered to be located
at the principal office of such company in this State.

Ninth. All other personal property of such company not enumerated
in either of the foregoing heads, which would be taxable under this act
if the same belonged to an individual.

Every such corporation shall also report, on or before the fifteenth
day of August of each year the gross transportation receipts of the rail-
way or canal for the twelve months preceding the thirtieth day of June
of each year, and in all cases the report shall be so made as to give the
data on which the same is made. If such railway or canal is only in
part within the Commonwealth, the report shall show what part is
within the Commonwealth, and what proportion the same bears to the
entire length of the road or canal, and shall apportion the said receipts
accordingly. The repoft herein required shall be verified by the oath
of the president or other proper officer. The State corporation commis-
sion shall, after thirty days’ notice previously given by it to the president,
treasurer, or other proper officer of such corporation, proceed to ascer-
tain the value of property and the gross transportation receipts so re-
ported, upon the best and most reliable information that can be pro-
cured, and to this end shall be authorized and empowered to send for
persons and papers. The State corporation commission shall assess upon
said property and gross transportation receipts the taxes imposed thereon
by law.

Acertified copy of the assessment, when made, shall be immediately
forwarded by the clerk of the State corporation commission, not later
than the fifteenth day of October, to the auditor of public accounts and
to the president or other proper officer of each railway and canal corpo-
ration so assessed, whose duty it shall be to pay into the treasury of the
State, on or before the first day of November following, the taxes upon
its property and the franchise tax upon the gross transportation receipts
as shown by said copy of the assessment.