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.

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. Personalty 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 first 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.

47. How such other personal and real property to 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. Such 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.'

48. Railroad returns to auditor.] 8 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 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 or 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.

49. Neglect to return.] § 49. If any person, company or corporation, owning, operating 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 such statements, either to the county clerk or auditor, such corporation, company or person shall forfeit, as a penalty, not less than 1,000 nor more than $10,000 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.

50. Schedules-Board to assess railroad property.] 850. The auditor 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.

51. Railroad tax book-Extending and collecting tax.] § 51. The county clerk shall procure, at the expense of 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.

52. Description of platted land.] § 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.

54. Board of equalization to assess-How tax collected.
55. Office furniture, etc., how listed and assessed.

53. Schedule.] § 53. Any person, company or corporation, using or 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.

54. Board of equalization to assess-How tax collected. § 54. The auditor shall annually, on the meeting of the state board of equalization, lay before said board the statement 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.

55. Office furniture, etc., how listed and assessed.] § 55. The office furniture and other personal property of telegraph companies shall be listed and assessed in the county, town, district, village or city where the same is used or kept.

PENALTY.

SECTION.

56. False schedule, etc.
57. Perjury.

56. False schedule, etc.] § 56. If any person or corporation shall give a false or fraudulent list, schedule or statement, required by this act, 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 $10, nor more than $2,000, 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.

57. Perjury.] 8 57. Whoever shall willfully make a false list, schedule or statement, under oath, shall, in addition to the penalty provided in the preceding section, be liable as in the case of perjury.

60. Leasehold interest in exempted lands.
61. When certain lands become taxable.

58. Real property-Listed May 1st. § 58. All real property in this state, subject to taxation under this act, including real estate becoming taxable for the 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 eighty, and quadrennially thereafter, with

reference to the amount owned on the first day of May, in the year in which the same is assessed, including all property purchased on that day, which assessment, as modified or equalized as provided by law, shall be the assessment upon which taxes shall be levied and extended during the quadrennial period for which the same is made: Provided, that no sssessment 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. [As amended, 1879.*

59. Owner on 1st May liable.] $ 59. The owner of property on the first day of May in any year, shall be liable for the taxes of that year. The purchaser of property on the first day of May shall be considered as the owner on that day.

60. Leasehold interest in exempted lands.] § 60. When real estate, which is exempt from taxation, is leased to another whose property is not exempt, and the leasing of which does not make the real estate taxable, the leasehold estate and the appurtenances shall be listed as the property of the lessee thereof, or his assignee, as real estate.

61. When certain lands become taxable.] § 61. Government lands entered or located on or prior to the first day of May, shall be taxable for that year, and annually thereafter. School lands and lots sold shall be taxable in like manner as government lands. Lands and lots sold by the trustees of the Illinois and Michigan Canal shall be taxable from and after the time the full payment therefor is made. Illinois Central Railroad lands and lots shall be taxable from and after the time the last payment becomes due. Swamp lands and lots shall become taxable whenever the county sells, conveys or agrees to convey its title: Provided, that canal, Illinois Central Railroad and swamp lands and lots shall be, in other respects, governed, as to the time of becoming taxable, the same as government lands.

SECTION.

SUBDIVIDING.

62. Owner to plat-Record-Description.

63. Owner neglecting-County clerk to cause plat, etc.

62. Owner to plat-Record-Description.] § 62. In all cases where any tract or lot of land is divided in parcels, so that it cannot be described without describing it by metes and bounds it shall be the duty of the owner to cause such land to be surveyed and platted into lots. Such plat shall be certified and recorded. The description of real estate, in accordance with the number and description set forth in the plat, aforesaid, shall be deemed

• Amended, 1881. See Appendix, p. 482.