1907_public laws_259_57
CHAPTER 258 AN ACT TO AMEND AN ACT TO PROVIDE FOR THE ASSESS- MENT OF PROPERTY AND COLLECTION OF TAXES. The General Assembly of North Carolina do enact: That chapter five hundred and ninety of the Public Laws of one thousand nine hundred and five be amended so as hereafter to read as follows: ARTICLE I. BoarRD OF STATE TAX COMMISSIONERS.
Railroads. When any railroad has part of its road in this State and part thereof in any other State, the said Commission shall ascertain the value of railroad track, rolling-stock, and all other property liable to assessment by the Corporation Commission, of such company, as provided in the next preceding section, and divide it in the proportion to the length of such main line of road in this State bears to the whole length of such main line of road, | and determine the value in this State accordingly. On or after the first Monday in July the said Commission shall give a hearing | to all the companies interested touching the valuation and assessment of their property. The said Commission may, if they see fit, require all arguments and communications to be presented in writing.