ital stock of joint or other companies or corporations held as an investment, or in any way representing Fifth All other property appertaining to said. business other than real estate, which real estate must be listed and assessed as other real estate is listed and assessed under this Title. Sixth: The amount of all deposits made by other persons in his custody. Seventh: The amount of all accounts payable other than current deposit accounts. Eighth The amount of capital invested in said How tax list company. Ninth The amount of surplus or undivided profits. In making up the tax list of the property of such made up. Private Banker, Broker or Dealer in Stocks for taxation, such property to be taxed shall be the amount. of capital invested either in real estate or cash, the amount of surplus, and undivided profits. Section 2. All Acts and parts of Acts in conflict herewith are Repealing hereby repealed. Section 3. clause. This Act shall take effect and be in force from and when act after its passage and approval by the Governor. Note by the Secretary of State: The foregoing Act having been presented to the Governor for his approval and not having been returned by him to the House in which it originated within the time prescribed by the Constitution, has become a law without his approval. takes effect. A. N. YODER, Filed Feb'y 21, 1905. CHAPTER 26. "An Act to compel railways to maintain facilities for shipment and delivery of freight and passengers wherever there is a platted townsite of record upon Duty of railroad corpora erence to de livery of freight. the line of such railway having not less than one Be it Enacted by the Legislative Assembly of the State of Section 1. It is hereby made the duty of every person, corporations with ref- tion and association operating a railroad in the State of Montana to maintain facilities for shipment and delivery of freight, and to ship and deliver freight and accommodate passengers at any point upon the line of such railway where there is a platted townsite of record having not less than one hundred inhabitants. Shall comply with pro Section 2. Any such person, corporation or association which visions of act. shall within sixty days after written request of not less than fifty inhabitants of such platted townsite fail to comply with the provisions of this Act, shall upon conviction be fined not less than ten dollars nor more than one hundred dollars for each day thereafter, so long as the provisions of this Act are not complied with. Penalty. When act takes effect. Became law without approval of Governor. Section 3. This Act shall be in full force and effect on and after its passage and approval. Note by the Secretary of State: The foregoing act having been presented to the Governor for his approval, and not having been returned by him to the House in which it originated within the time prescribed by the Constitution, has become a law without his approval. A. N. YODER, Secretary of State. Filed February 21st, 1905, at 9 o'clock a. m. CHAPTER 27. An Act to Authorize Cities and Towns to Create Spe- Be it Enacted by the Legislative Assembly of the State of Section I. .City Council may create special im districts. Expense of Whenever the council of any city or town desires to construct or acquire a system of water works or to lay extensions to water mains, it may create a Special provement Improvement District in the manner hereinafter provided, and may enact by ordinance that such portion of the cost of constructing or acquiring such water system or the making of such extensions of water mains within such Special Improvement District thus created as shall be determined by the council, shall be paid by improvements, the entire District, each lot or parcel of land within said District to be assessed for that part of the whole cost, which its area bears to the area of the entire District, exclusive of streets, alleys and public places; provided, however, that the whole cost so assessed shall at no time exceed the sum of One Dollar and Fifty Cents ($1.50) per linear foot of the entire length of Cost limited. the water mains, laid in such District. Section II. how paid. Council to boundaries, etc. Whenever it is desired to create a Special Improvement District for the purpose provided in this Act, the designate council by resolution shall designate the number of such District, the boundaries thereof, and state the approximate estimate of the cost of constructing or acquiring the proposed improvement, also the time when the council will hear objections and the portion of the cost, which it is proposed to have paid by special assessment. Such resolution shall be published in a daily Resolution to newspaper in the city or town, for at least five days be published. Person interested may show cause why improve ments should not be made. Majority vote necessary to adopt. Special improvement warrants. Warrants to bear interest. or in a weekly paper in one issue not less than five days before the date set for hearing objections to the final adoption of the same. Any person or persons who are the owners or agents of any lot or parcel of land within such Improvement District shall have the right to appear at said meeting either in person or by counsel and show cause, if any there be, why the improvements mentioned therein shall not be made; if at such meeting, objections are made to the making of such improvement by owners or agents representing more than one-half in area of all the property which would be assessed to defray the cost of said improvement, the improvement shall not be made at that time, and at no time during a period of six months thereafter, but after the expiration of six months a resolution providing for a similar improvement and covering the same territory may be considered, after giving the same. notice and taking the same proceedings as provided for in the consideration of the original resolution. If the owners or agents of property to the extent herein mentioned fail to make objections, a majority of all the members of the council voting in the affirmative will finally adopt the resolution. Section III. All that portion of the cost and expense incurred in acquiring or constructing such water supply system or making such extension, which the council intends shall be defrayed by special assessments, shall be paid by special improvement warrants, drawn against a Special Improvement District Fund, and each Special Improvement District shall be a special fund. Said warrants shall draw simple interest at the rate of six (6%) per cent per annum from the date of registration, and the said city or town council may provide that said special assessments may be paid in equal annual installments, extending over a period of not less than three nor more than ten years. Sec. IV. The council shall levy, assess and collect the special assessments collected. assessments herein provided for in the manner provided How special for the levy, assessment and collection of other special levied and assessments now provided for under the laws of the State of Montana, and all laws now in force, having a reference to the levy, assessment and collection of special assessments, which may be applicable to the levy, assessment and collection of the special assessment herein provided for. Section 5. Nothing in this Act shall be considered as repealing any law now in existence upon the same subject, but the authority granted herein shall be construed as additional to powers already granted by law to cities and Section 6. Additional power grant ed to cities and towns. takes effect. This Act shall be in full force and effect from and When act after its passage and approval by the Governor. Approved Feb'y 21, 1905. CHAPTER 28. An Act amending Sections 1961 of the Political Code of the State. of Montana, relating to Issuance of School Bonds. Be it Enacted by the Legislative Assembly of the State of Montana: Section 1. Political Code amended. That Section 1961, Part III, Title III, Chapter VI. Section 1961 of of the Political Code of the State of Montana be and the same is hereby amended so as to read as follows: Section 1961. school district The Board of School Trustees of any within Montana, shall, whenever a majority of the School Trustees so decide, submit to the electors of the district the question whether the Board shall be author ized to issue coupon bonds to a certain amount, not to Board of school trus tees may sub mit to electors question whether cou pon bonds shall issue for purpose of building and furnishing etc. exceed three per cent, of the taxable property in said schoolhouses, district; provided, that nothing herein contained shall authorize the issuance of bonds to an amount exceed |