of, 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. Every person, company or corporation owning, Listing propoperating or constructing a railroad in this state, shall return erty of railroads. 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 first day of May of the year in which it is listed.

ty.

of

§ 41. They shall, in the month of May of the year Schedule eighteen hundred and seventy-three, and at the same time railroad properin 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 atrip 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 hereinbefore 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.

§ 42. Such right of way, including the superstructures Right of way. of main, side or second track and turnouts, and the stations 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

Railroad track.

Rolling stock.

Rolling stock, where taxed.

Tools and materials.

List of real estate.

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.

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.

844. The moveable 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, house cars, cattle cars, coal cars, platform cars, wrecking cars, pay cars, hand cars, and all other kinds of cars.

845. 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 sball 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. 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 first day of May. All real estate, including the stations and other buildings and structures thereon, other than that denomi nated "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.

$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. Such property shall be treated in all respects, in regard to assessment and equali zation, 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."

$48. At the same time that the lists or schedules are herein before 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 turn outs, 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 chairs are used in track, the ballasting of road, whether graveled or dirt, the number and quality of buildings or other structures on "railroad track," the length of time iron in track has been used, and the length of time the road has been built.

Fourth-A statement or schedule showing:

1. The amount of capital stock authorized and the number of shares into which such capital stock is divided. 2. The amount of capital stock paid up.

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

4. The total amount of all indebtedness, except for current expenses for operating the road.

5. The total listed valuation of all its tangible property in this state.

Such schedule shall be made in conformity to such instructions and forms as may be prescribed by the auditor of public accounts.

Statements to auditor.

turn schedules.

§ 49. If any person, company or corporation, owning, Failure to reoperating or constructing any railroad, shall neglect to return to the county clerks the statements or schedules required to be returned to them, the property so to be returned, and assessed by the assessor, shall be listed and assessed as other property. In case of failure to make returns to the auditor, as herein before provided, the auditor, with the assistance of the county clerks and assessors, when he shall require such assistance, shall ascertain the necessary

facts and lay the same before the state board of equalization. In case of failure to make said statements, either to the county clerk or auditor, such corporation, company or person shall forfeit, as a penalty, not less than one thousand nor more than ten thousand dollars for each offense, to be recovered in any proper form of action, in the name of the "People of the State of Illinois," and paid into the state treasury. State board of § 50 The anditor shall annually, on the meeting of the state board of equalization, lay before said board the statements and schedules herein required to be returned to him, and said board shall assess such property in the manner hereinafter provided.

equalization.

perty.

Record book 51. The county clerk shall procure at the expense of for railroad pro- the county a record book, properly ruled and headed, in which to enter the railroad property of all kinds, as listed for taxation, and shall enter the valuations as assessed, corrected and equalized, in the manner provided by this act; and against such assessed, corrected or equalized valuation, as the case may require, the county clerk shall extend all the taxes thereon, for which said property is liable; and at the proper time fixed by this act for delivering tax books to the county collector, the clerk shall attach a warrant, under his seal of office, and deliver said book to the county collector, upon which the said county collector is hereby required to collect the taxes therein charged against railroad property, and pay over and account for the same in the manner provided in other cases. Said book shall be returned by the collector and be filed in the office of the county clerk for future use.

Plats of land.

Telegraph com

§ 52. When any railroad company shall make or record a plat of any contiguous lots or parcels of land belonging to it, the same may be described as designated on such plat.

TELEGRAPH COMPANIES.-RETURN.

§ 53. Any person, company or corporation, using or panies, return. operating a telegraph line in this state, shall, annually, in the month of May, return to the auditor of public accounts a schedule or statement, as follows:

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

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

Fourth-The total amount of all indebtedness, except current expenses, for operating the line.

Fifth-The length of line operated in each county, and the total in the state.

Sixth-The total assessed valuation of all its tangible property in this state.

Such schedule shall be made in conformity to such instructions and forms as may be prescribed by the auditor of public accounts, and with reference to amounts and values on the first day of May of the year for which the return is made.

of telegraph

854. The auditor shall annually, on the meeting of the Capital stock state board of equalization, lay before said board the state- companies. ment or schedule herein required to be returned to him; and said board shall assess the capital stock of such telegraph company, in the manner hereinafter provided. The tax charged on the capital stock of telegraph companies shall be placed in the hands of county collectors, in a book provided for that purpose, the same as is required for railroad property, and may be included in same book with railroad property.

855. The office furniture and other personal property office of telegraph companies shall be listed and assessed in the ture, etc. county, town, district, village or city where the same is used or kept.

PENALTY.

furni

ing fraudulent

§ 56. If any person or corporation shall give a false or Penalty for givfraudulent list, schedule or statement, required by this act, list. or shall fail or refuse to deliver to the assessor, when called on for that purpose, a list of the taxable personal property which he is required to list under this act, he or it shall be liable to a penalty of not less than ten dollars nor more than two thousand, to be recovered in any proper form of action, in the name of the "People of the State of Illinois," on the complaint of any person. Such fine, when collected, to be paid into the county treasury.

der oath.

§ 57. Whoever shall willfully make a false list, schedule False lists, unor statement, under oath, shall, in addition to the penalty provided in the preceding section, be liable as in the case of perjury.

REAL PROPERTY-AS OF WHAT TIME LISTED-WHO LIABLE

FOR TAX.

Real property,

58. All real property in this state, subject to taxation who liable for under this act, including real estate becoming taxable for the tax. first time, shall be listed to the owners thereof, by such owners, their agents, county clerks, or assessors, or the county board, and assessed for the year one thousand eight hundred and seventy-three, and yearly thereafter, with reference to the amount owned on the first day of May in each year, including all property purchased on that day: Provi ed, that no assessment of real property shall be considered as illegal by reason of the same not being listed or assessed in the name of the owner or owners thereof.