treated the same as other mortgages provided for in this act. Said affidavit shall be recorded in the office of the register of deeds and shall be prima facie proof of the amount of the principal unpaid on said mortgage. Mortgages given prior to January first, nineteen hundred twelve, and on which the registry tax provided for in this act shall not be paid, shall remain under the present ad valorem system of taxation and shall be assessed and taxed under the present law. where SEC. 7. The county treasurer shall keep a separate account Specific taxes, of said specific taxes collected by him and shall on the first credited day of each month, transmit to the State Treasurer one-half of the moneys in his possession belonging to that account, and the county treasurer shall credit to the general fund of the county, the specific taxes collected by him as aforesaid. The State Treasurer shall place the same to the credit of the general fund, to be used for general State purposes. when SEC. 8. No mortgage or land contract, which is subject Contract, to the tax imposed by this act shall be released, enforced, released, etc. discharged of record or received in evidence in any action or proceeding at law or in equity, nor shall any assignment of or agreement extending any such mortgage or land contract be recorded until the tax imposed thereon by this act shall have been paid as in this act provided. No judgment or final order in any action or proceeding at law or in equity shall be made for the foreclosure or enforcement of any such mortgage or land contract, which is subject to the tax imposed by this act, or any debt or obligation secured thereby, until the tax imposed by this act shall have been paid as provided in this act. The certificate of the county treasurer Certificate of in form as hereinafter provided, shall be prima facie evi- treasurer, dence of the payment of the tax. The certificate aforesaid shall read as follows: State of Michigan, County of .... by SS. I hereby certify that the tax due upon the mortgage given ..., mortgagor, `to mortgagee, covering the property therein described and re corded on page of liber... of deed's office for the county of igan, has been paid in full. County Treasurer for in the register County, Michigan. than SEC. 9. Where a mortgage covers property in more than when one county in this State, the tax herein provided shall be property in paid in the county where the same is first presented for record one county. and no tax shall be imposed or additional treasurer's certificate required for the purpose of recording such mortgage in any other county. Credits exempted. Conflicting acts. SEC. 10. That class of credits other than the mortgages given prior to January first, nineteen hundred twelve, upon which this act imposes a specific tax shall be exempt from further general taxes under the laws of this State. All acts and parts of acts in contravention of the provisions of this act are hereby repealed. Approved April 18, 1911. Commission, taxation, appointment, etc. Proviso. Oath of office. [No. 92.] AN ACT to create a commission of inquiry to review, investigate and inquire into the entire system of taxation in this State, to define its powers and duties and to provide compensation therefor. The People of the State of Michigan enact: SECTION 1. The Governor shall appoint three persons, residents of this State, who shall be duly qualified to perform the duties of the office, who shall constitute a commission of inquiry to review, investigate and inquire into the entire system of taxation in this State and submit a report to the Governor not later than October first, nineteen hundred eleven: Provided, That the Governor may extend the time for making such report until January fifteenth, nineteen hundred twelve, if in his judgment such extension of time is necessary, setting forth its views and a comprehensive plan of securing for the people of this State the full measure of revenues by way of taxation from every species of property subject to taxation under the constitution for the benefit of the State or its several municipalities, and the correction of inequalities in taxation wherever found. SEC. 2. The members of said commission so appointed shall take and subscribe the constitutional oath of office to Compensation. be filed with the Secretary of State. The members of said commission shall receive as compensation for services performed under this act the sum of fifteen dollars per day for time actually spent in the performance of such duties as members of said commission, together with their actual and necessary expenses in connection therewith, both to [to] be audited and allowed by the Board of State Auditors and paid by the State Treasurer out of the general fund. Powers, etc. SEC. 3. A majority of the members of said commission shall constitute a quorum of the said commission for the transaction of such business as may properly come before it under this act, and said commission or any member thereof shall have power and authority to examine any and all documents, records and papers belonging to or under the control of any officer, institution, department or bureau of this State, as an aid to the performance of the duties herein imposed upon said commission. submitted. SEC. 4. The report provided for in section one of this Report, when act shall be submitted to the Governor on or before the fifteenth day of October, nineteen hundred eleven, or if the time for making such report be extended by the Governor, as provided in section one, on or before the fifteenth day of January, nineteen hundred twelve, and after such report is made as provided for in sections one and four of this act all power and duty herein imposed upon said commission shall cease. SEC. 5. It is hereby declared that said commission of inquiry and the performance of the powers and duties conferred on it by this act are immediately necessary for the preservation of the public peace and safety. This act is ordered to take immediate effect. [No. 93.] AN ACT making an appropriation for the State Board of Library Commissioners for the special purposes of defraying the expenses of organization of existing and new libraries, and for the expense of library institutes and training schools, and for the general expenses of the board for the fiscal years ending June thirty, nineteen hundred twelve, and June thirty, nineteen hundred thirteen, and to provide a tax to meet the same. The People of the State of Michigan enact: commis SECTION 1. There is hereby appropriated for each of the State board fiscal years ending June thirty, nineteen hundred twelve, and of library June thirty, nineteen hundred thirteen, the sum of four sioners. thousand dollars, to be expended by the State Board of Library Commissioners as follows: For defraying expenses of organizing libraries and of conducting library institutes and training schools, two thousand dollars; for traveling expenses of organizer, four hundred dollars; for secretary and clerical assistance, twelve hundred dollars; for supplies and incidentals, four hundred dollars. Instructors suitable for this Instructors, work shall be selected by the board, and all the expenses in- selection of, curred thereby, together with the expenses of said board, whether within or outside the State, including traveling expenses of its members, supplies and incidentals necessary for the work, shall be paid out of the appropriation. The Secretary. board may appoint a secretary and such secretary may re etc. Printing, etc. How paid out. Tax clause. The ceive such sum as shall be agreed upon by the board. printing and binding necessary to carry on the work of said board shall be furnished by the Board of State Auditors and paid for out of the general fund as other State printing and binding is paid for. SEC. 2. The amounts appropriated by this act shall be paid out of the general fund in the State treasury to the secretary of the State Board of Library Commissioners at such times and in such amounts as the general accounting laws of the State prescribe, and the disbursing officer shall render his accounts to the Auditor General thereunder. SEC. 3. The Auditor General shall incorporate in the State tax for the year nineteen hundred eleven, for the State Board of Library Commissioners, the sum of four thousand dollars, and for the year nineteen hundred twelve, the sum of four thousand dollars for the said board, which sum when collected shall be credited to the general fund to reimburse the same for the moneys hereby appropriated. This act is ordered to take immediate effect. Liability, release from. [No. 94.] AN ACT releasing the county of Lapeer from any and all liability to the State of Michigan for expenses incurred by the State in maintaining a quarantine at the Michigan Home for the Feeble Minded and Epileptic at the city of Lapeer during the fall of nineteen hundred ten. The People of the State of Michigan enact: SECTION 1. The county of Lapeer is hereby released from any and all liability to the State of Michigan for the expense of calling out and maintaining the State troops at the city of Lapeer during the fall of nineteen hundred ten, in order to aid the civil authorities in maintaining a quarantine at the Michigan Home for the Feeble Minded and Epileptic. This act is ordered to take immediate effect. Approved April 18, 1911. [No. 95.] AN ACT to provide for the taxation in the hands of their holders or owners or the persons or corporations, to whom owing, of the shares of stock in and indebtedness of certain railroad or railway corporations, whether the same be represented by bonds, other securities, interest coupons or otherwise; to require the making of reports by such railroad or railway corporations upon which to base such taxes; to fix the penalties for any refusal or neglect to make such reports, and to provide in certain instances for the inspection of the corporate books of any such railroad or railway corporation for the purpose of securing information upon which to base such taxation; to make the said tax a lien upon the property taxed and in certain instances upon the property of the said railroad or railway corporation issuing or owing the same, and to provide for the enforcement of the said lien and tax. The People of the State of Michigan enact: of, specific SECTION 1. For the year nineteen hundred twelve, and Railroads, for each year thereafter, a specific State tax shall be levied stock, etc., upon all of the shares of stock issued and outstanding of, tax upon. and upon the indebtedness whether represented by bonds or other securities issued, or by unpaid interest coupons or otherwise, secured by a mortgage or trust deed or otherwise upon the railroad or property or any part thereof, or being a permanent indebtedness, owing by, all railroad or railway companies now or hereafter existing or doing business in Michigan under, or possessing or exercising any special charter or any rights, privileges or franchises under, any special charter which said tax shall be upon the interest or property therein of the holder or owner thereof, or the person or corporation to whom the same shall be owing and the said tax shall be as follows: The shares of stock shall be subject Rate of to an annual tax at the rate of two per cent upon the par value thereof, and the indebtedness, whether represented by bonds, past due interest coupons or otherwise, shall be subject to an annual tax at the rate of one per cent upon the face value or amount thereof. taxation. of, what SEC. 2. Every such railroad or railway corporation shall, on Railroad, or before the first day of May in each year, make and file etc., report with the Auditor General a report, which shall set forth set forth. in detail the number of shares of its capital stock issued, the aggregate amount thereof, the names of the individual holders or owners, with the amount thereof held by each, together with the residence or place of business of each; the amount of its bonded indebtedness, together with the names of the persons or corporations holding or owning the same, and the amount thereof held or owned by each, with their residences |