Auditor

county, or without raising or reducing it in the same ratio, they may, in every such case, add to or take from the valuation of any one or more of such towns, or of property not in towns, such per centum as they shall believe will raise or reduce the same to its true value in money. Fourth-They shall not reduce the aggregate value of all the property of the State as returned by the county auditor, more than one per centum on the whole valuation thereof.

Fifth-Said board shall keep a full record of their proceedings and orders.

SEC. 13. That section forty-eight (48) of said Act be amended so as to read as follows:

Sec. 48. The delinquent list shall be recorded by the county auditor immediately after his annual settlement. Duty of County with the county treasurer in February, an abstract of which, in such form as the Auditor of State shall prescribe, shall be sent to his office with the settlement sheet of the county treasurer, and no taxes returned delinquent shall be paid into the State treasury except by the county

Duties of Pre

dents and Cash

iers of banks

treasurer.

SEC. 14. That section fifty-four (54) of said Act be amended so as to read as follows:

BANKS AND BANKING COMPANIES.

Sec. 54. It shall be the duty of the president and cashier of every bank or banking company that shall have been or may hereafter be incorporated by the laws manner of listing of this State, and having the right to issue bills for circulation as money, to make out and return under oath in the manner hereinafter directed, during the month of June, annually, a written statement containing:

property

First-The average amount of notes and bills discounted or purchased by such bank or banking company, which amount shall include all the loans or discounts of such bank or banking company, whether originally made or renewed during the year aforesaid, or at any time previously, whether made on bills of exchange, notes, bonds, mortgages, or any other evidence of indebtedness, (at their actual value in money,) whether previous to, during or after the period aforesaid; and on which such bank or banking company has at any time reserved or received, or is entitled to receive, any profit or other consideration whatever, either in the shape of interest, discount, exchange or otherwise.

Second-The average amount of all moneys, effects or dues of every description, belonging to such bank or banking company, loaned, invested or otherwise, used or employed with a view to profit, or upon which such bank or banking company receives or is entitled to receive interest; Provided, however, That the average amount of the specie funds of every such bank kept on hand with a view of redeeming its circulation and meeting its accruing liabilities to depositors, and also the average amount of the balances due from other banks upon which no interest, profit or consideration is reserved or received, shall be excluded in the above estimates of the taxable property of each bank required to be made and returned as aforesaid.

SEC. 15. That section fifty-six (56) of said Act be amended so as to read as follows:

Sec. 56. Every person who shall have money employed in the business of dealing in coin, notes or bills. of exchange, or in the business of dealing in, or buying, or shaving any kind of bills of exchange, checks, drafts, bank notes, promissory notes, bonds or other writing obligatory, or stocks of any kind or description whatsoever, shall be held to be a banker, broker or stock jobber; and in making out their statement for taxation as required by the sixtieth section of this act, shall include in his statement the average value estimated as provided in the fifty-fourth and fifty-fifth sections of this act, of all moneys, notes, bills of exchange, bonds, stocks or other property appertaining to his business as a banker, broker or stock jobber, which he shall have had from time to time in his possession or under his control, during the next year previous to the time of making such statement, if so long he shall have been engaged in such business, and if not, then during the time he shall have been so engaged.

SEC. 16. That section fifty-seven (57) of said Act be amended so as to read as follows:

Definition of

terms

dent and Cashier

Sec. 57. The president and cashier of every bank, organized under any law of this State, shall during the Duty of Presi month of June in each and every year, make the written statement required by the fifty-fourth and fifty-fifth sections of this Act, to the auditor of State. In case the president and cashier refuse or omit to make such statement, the auditor of State shall ascertain the amount so

To make report -time when

Duty of Auditor

and bankers

required to be returned by the president and cashier, from the last quarterly returns made by such bank to his office, to which he shall add fifty per cent. The auditor of State shall proceed to assess thereupon the amount of taxes for the various purposes assessed upon property in the locality where the said bank has its office, of which assessment the auditor shall give notice to the president and cashier of any such bank. On the twentieth day of January in each year, it shall be the duty of the auditor to draw in favor of the treasurer of State upon each and every such banking company, for the amount of taxes so assessed, which draft it shall be the duty of the said president and cashier to pay forthwith into the State Treasury. And no taxes shall be collected from any bank organized under any law of this State, in any other manner than provided in the fifty-seventh and fifty-eighth sections of this Act; Provided, That in all cases where any organized bank has paid the tax of eighteen hundred and sixty into any county treasury, and taken a receipt therefor, such receipt shall be received by the State Auditor in full payment for the draft above specified.

SEC. 17. That section sixty (60) of said Act be amended so as to read as follows:

Sec. 60. All such bankers, brokers, and stock jobbers as are described in the fifty-sixth section of this Act, shall annually, during the month of June, make out and return to the auditor of the county in which the office of such banker, broker, or stock jobber may be situated, a statement as provided in the fifty-fourth and fifty-fifth sections of this act.

SEC. 18. That section sixty-one (61) of said Act be amended so as to read as follows:

Sec. 61. It shall be the duty of the auditors of the several counties, in which the office of one or more such concerning banks bankers, brokers or stock jobbers as are mentioned in the preceding section, may be situated, upon receiving the statement provided for in the fifty-fourth and fifty-fifth sections of this Act, to enter the same for taxation upon the duplicate of the proper county, and upon the city duplicate for city taxes, in cases where such city tax is not returned upon the grand duplicate, but is collected by city officers, which amount so returned and entered, shall be taxed for the same purposes, and to the same extent that personal property is now or may be taxed, in

the place where the office of such banker, broker, or stock jobber is situated; and such tax shall be collected and paid over in the same manner that taxes on other personal property are required by law to be collected and paid

over.

SEC. 19. That section sixty-two (62) of said Act be amended so as to read as follows:

Sec. 62. Each auditor of any county, within the lim- Duty concerning its of which the office of such banker, broker, and stock false statements jobber may be located, shall, in case of the president, and failure to list cashier, or other accounting officer of such banker, broker, or stock jobber, as are mentioned in the preceding section, refuse or neglect to make out and deliver to the auditor, the statement required in the fifty-fourth and fifty-fifth sections of this act, enter upon the duplicate of the proper county, for taxation as aforesaid, as the amount of capital, fifty per cent. in addition to the amount of the capital stock of such banker, broker, or stock jobber; and in order to ascertain the average amount of notes and bills discounted or purchased, and all other moneys, effects, or dues of every description, belonging to such banker, broker, or stock jobber, loaned, invested, or otherwise used or employed, with a view to profit, or upon which such banker, broker, or stock jobber, receives, or is entitled to receive interest, such auditor is authorized to take or procure to be taken, the testimony of such of the officers, or other persons known or supposed by him to be conversant with the affairs of such banker, broker, or stock jobber, as may enable him to ascertain the amount upon which such banker, broker, or stock jobber should be taxed, agreeably to the provisions of the fifty-fourth and fifty-fifth sections of this Act, to which amount, when so ascertained, he shall add fifty per cent., which amount he shall then enter upon the duplicate for taxation, as prescribed by this Act: Provided, That in cases where city taxes are assessed and collected by city authorities, the taxes upon banks for city purposes shall be assessed and collected the same as city taxes.

SEC. 20. That section sixty-four (64) of said Act is Section 64 rehereby repealed.

SEC. 21. That section eighty-seven (87) of said Act be amended to read as follows;

Sec. 87. That all lands upon which the taxes for the year 1860, and for any year thereafter, shall not be paid.

pealed

at the close of the sale of lands for taxes in June of each Penalty for nonpayment of taxes year, shall be charged, in addition to such taxes, a penalty of thirty per cent thereon, which penalty shall attach the day after the close of said sale, and all penalties and interest on any delinquent taxes when paid, shall be distributed as follows: One half of said penalty shall go to the school fund of said county, and the other half thereof to the county fund-and any person desiring to redeem any land or any town lot hereafter or heretofore sold or forfeited to the State for said taxes of 1860, or any year thereafter or previous thereto, shall apply to the county auditor, who shall give him a certificate of the amount of such tax, with costs and penalties then due thereon, and upon payment of such tax, costs and penalties, into the county Treasury, such certificate so given by the said auditor shall be the evidence of the redemp

Conveyance of

tion of such land or town lot.

SEC. 22.

amended so

Sec. 92.

That section ninety-two (92) of said Act be as to read as follows:

All unredeemed lands heretofore or hereaf unredeemed land ter sold for taxes, which shall remain unconveyed through a failure to give the requisite notice after the expiration of the time for the redemption within the period prescribed by law, may be conveyed to the parties entitled thereto, upon the auditor at any time giving such notice, with the same effect as if the period fixed therefor had not expired.

ment before sale

SEC. 23. That section ninety-three (93) of said Act be amended so as to read as follows:

Sec. 93. That the lands, in-lots, out-lots, and parts of How and when lots within the several counties of this State, which have sold-advertise become forfeited to the State for the non-payment of taxes, and all lands which may hereafter become forfeited to the State by the non-payment of taxes, or otherwise, shall be sold and disposed of by the State of Minnesota agreeably to the provisions of this Act. The auditor of State shall, on or before the first day of October, in the year 1862, and every two years thereafter, make out and forward to the several county auditors an order instructing them to sell all the lands which have become forfeited as aforesaid, and the county auditors, upon receiving the order aforesaid, shall proceed to sell the said forfeited lands, agreeably to the provisions of this Act, and all lands offered for sale under the provisions of this Act, and not