greater rate than is or may be assessed upon other moneyed kept. § 2. There shall be kept, at all times, in the office where List of stockthe business of such bank or banking association, organized holders to be under the laws of this state, or of the United States, shall be transacted, a full and correct list of the names and residences of all the stockholders therein, and of the number of shares held by each, and such list shall be subject to the inspection of the officers authorized to assess taxes or to assess property for taxation during the business hours of each day in which business may be legally transacted; and it shall be the duty of each county, town, city or district assessor to ascertain and report to the county clerk of his county, or the other proper officer, as a part of his return of the assessment of property, a correct list of the names and residences of all stockholders in any such bank or banking association located in his county or town, with the number and value of all such shares held by each of them respectively, showing the name of each of such banks or banking associations in which such shares are held; and such return shall also show what deduction, if any, is to be made from the value of such shares on account of the investment of any of the capital stock of such bank or banking association in real estate, as set forth in the first section of this act. tended. § 3. The county clerk, or other proper officer, to whom Taxes-how ex such returns are made shall enter the valuation of all 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 moneyed capital, in accordance with the provisions of the first section of this act; and the several collectors of taxes shall have the same authority to collect the taxes so charged that they now have, or may hereafter have, for collecting other taxes: Provided, Provso. that in all cases where such shares are owned by persons or corporations not residing or located in the county, town or district in which such bank or banking association is located, then the collector of such county, town or district shall have full power and authority to collect such taxes in any county, town or district in this state, where such person or corporation may reside or be located. Action for col- 4. The collector of taxes, and the officer or officers lection of taxes authorized to receive taxes from the collector, may, what purpose ed. all or either of them, have an action to collect the tax assessed on any share or shares of stock owned by non-residents of this state, from the avails of the sale of such share or shares; and the tax assessed against such share or shares shall be and remain a lien thereon till the payment of said tax. Dividends- for 5. For the purpose of collecting such taxes, and in may be retain- addition to any other laws, not in conflict with the constitution of the United States, relative to the imposition of taxes, it shall be the duty of every such bank or banking association, and 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 assessed in pursuance of this act, until it shall be made to appear to such officers that such taxes have been paid; and any officer of any such bank or banking association 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 personally liable for all such tax. And if the said tax shall not be paid, the collector of tax where said bank is located shall sell said share or shares to pay the same, like other personal property. Shares to be assessed as other property. of if § 6. All assessments of the capital stock of banks or ganized under the laws of this state, or of the property such banks, made for state, county or municipal purposes for the year A. D. 1867, by virtue of the laws heretofore in force, are hereby vacated and declared to be void and of no effect; and it is hereby made the duty of the assessors of the several counties and towns, cities or districts in this state in which such banks so organized, or in which any banks or banking association organized under the laws of the United States, are or may be located, to assess the shareholders in the same upon the value of their shares, and to assess the real estate, any, in which any part of the capital stock of such banks or banking associations is invested, in the same manner and subject to the same regulations, except as provided in this act, as is provided by law for the assessment of other real and personal property, in the same county or town, city or district, such assessment to be made for the year 1867, with regard to the ownership and value of such shares, on the first day of July, 1867, and annually thereafter with regard to the ownership and value of the same on the day which may be specified by the laws in force concerning the assessment of other taxable personal property in this state. § 7. This act shall take effect and be in force from and after its passage. APPROVED June 13, 1867. AN ACT to authorize the county court of Henderson county to levy a In force June special tax for road and bridge purposes. 13, 1867. roads and SECTION 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly, That the Special tax for county court of Henderson county be and the same is here- bridges to be by authorized and empowered to levy a special tax an- levied. nually for the term of three years, not to exceed thirty (30) cents on each hundred dollars' worth of taxable property in said county, for the purpose of erecting bridges and maintaining the same in said county. § 2. This act shall take effect and be in force from and after its passage. APPROVED June 13, 1867. 13, 1867. AN ACT to legalize the proceedings of the electors of the town of Aurora, In force June in the county of Kane and state of Illinois, at the annual town meeting held the second day of April, A. D., 1867, in said town in relation to appropriating money to secure the permanent location of the shops of the Chicago, Burlington and Quincy Railroad Company at Aurora, and for other purposes therein mentioned. WHEREAS, April 1st A. D. 1867, the Chicago, Burlington Preamble. and Quincy Railroad Company, proposed to the people of the town of Aurora, in the county of Kane, and state of Illinois, to permanently locate at said town, its car and locomotive shops, for the purpose of manufacturing, rebuilding and refitting its cars, locomotives and rolling stock; and also, of doing most of the ordinary repairing of the same thereat, and for the purpose of procuring the additional land required for that purpose, it proposed to said people it would purchase the land therefor designated by said company, as the land it needed, (exclusive of what was and is known as the foundery property) estimated at thirty acres should it be more or less, and pay five hundred dollars per acre for it, exclusive of the buildings and improvements thereon, which were to be removed by the owners or the people of said town, and that the town or its citizens, should, by levying and collecting a tax on the taxable property of said town or otherwise, or by voluntary subscription or both, pay the balance of the purchase money of said thirty acres of land, or in any other way aid the said company in obtaining the title to said. thirty acres of land, for the purpose aforesaid, without further cost to said company than said five hundred dollars per acre, and its proportion of taxes in case the said balance should be raised, by taxes on the taxable property of said town or otherwise. WHEREAS, also, it was and is estimated that said thirty acres of land would, and will cost in the purchase thereof, at least fifty thousand dollars over and above the net proceeds arising from the sales of the buildings and improvements thereon, and over and above said five hundred dollars per acre, to be paid by said company for it. WHEREAS, also, the qualified electors of said town, as well as the other residents and tax payers thereof, believing and having good reason to believe that the permanent location of said shops at Aurora, aforesaid, for the purpose aforesaid, as proposed by said company would greatly enhance the value of the property in said town, and largely and materially promote the prosperity of all public and private interests therein, did at the annual town meeting, held in and for said town, on the second day of April, A. D., 1867, in consideration of the premises, accept the proposi tion aforesaid of said company, and did then and there resolve among other things, to aid and assist said railroad company to acquire the title of said thirty acres of land, exclusive of said foundery property, which the said company were to take care of as proposed by said company saving to the owners or the people of said town to remove all the buildings and improvements thereon; and the said electors did then and there, also resolve to carry out the purpose aforesaid, as follows, to-wit: Resolved that we appropriate the sum of fifty thousand dollars for town purposes, to be raised by tax; And where as, the township organization act under which we are now acting at this day, hour and place, gives us the right to take measures and give directions for the exercise of our corporate powers. Be it therefor resolved, that our town board be vested with full and plenary powers to raise such money by tax, and issue town orders bearing a rate of interest not exceeding ten per cent., having such time to run as in their judg ment, they think proper, and if in the judgment of our town board it is best to issue town orders, that such town orders be signed by our supervisor and town clerk, and that said orders be registered and recorded upon the town records in such manner as in the judgment of our town board is necessary, and that the full net sum of fifty thousand dollars, exclusive of delinquencies and expenses, be used and applied toward purchasing the land needed for the permanent location of the shops of the Chicago, Burlington and Quincy Railroad Company in this township, believing and now asserting that such sum is necessary, and that by so doing the public interests and property of this township will be largely and materially advanced; and for the purpose of accomplishing such effect and purpose, we vest our town board with all the power and authority of every name or kind, which we can or may possess in the premises, and pledging our faith as citizens to stand by, uphold and support all acts and things done by them touching and concerning the premises to the full extent of fifty thousand dollars. WHEREAS, ALSO, the board of town auditors, in and forsaid town of Aurora, did afterwards adopt, in pursuance of the said resolutions and the township organization statutes, the following resolutions and proceedings, to-wit: "Resolved, by the board of town auditors, of the town of Aurora, that the sum of sixteen thousand six hundred and sixty-seven dollars be levied upon the taxable property of the town of Aurora, for the year A. D., 1867, under the vote of the last town meeting held in said town, relative to raising the sum of fifty thousand dollars for the benefit of said town." On motion of J. C. Sherwin, (one of said board,) the supervisor and town clerk were instructed to issue town orders for the sum of fifty thousand dollars, in denominations of fifty, one hundred, two hundred and five hundred dollars, bearing ten per cent. interest, payable annually. WHEREAS, ALSO, it has been doubted by some whether the said electors of said town and the board of town auditors had the power, by and under the law, to do what they have done as aforesaid; therefore, preamble SECTION 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly, That the Proceedings said resolutions and proceedings of the electors of said detailed in town of Aurora, and also, the said resolutions and proceed- fegalized. ings of the said board of town auditors of said town, and the town orders issued in pursuance thereof, and all and singular the acts done, or to be done in pursuance of said resolutions and proceedings or any or either of them, be and the same are hereby confirmed, and in all respects fully legalized; and when the said railroad company shall have acquired title or possession to and of the said thirty acres of land above referred to, the said shops of said railroad company, for the purpose of manufacturing, rebuilding and refitting its curs, locomotives and rolling stock thereat and of doing most of the ordinary repairing of the same, at such shops, shall permanently be and remain at Aurora, aforesaid, according to the true intention, agreement and understanding heretofore had and expressed, and now existing between said railroad company and the people of said town of Aurora. § 2. That said town of Aurora shall have as ample power and authority to levy and collect taxes on all taxable property of said town, to pay said fifty thousand dollars, so appropriated as aforesaid, and to raise which, for immediate use, the said board of town auditors have directed town orders to be issued bearing ten per cent. interest, payable Aurora to have power to assess taxes for specified purposes |