No debts shall be so deducted unless the statement shows the amount of such debt as stated under oath in aggregate; provided, in case of banks the statement is not required to show the debt in detail, or to whom it is owing; but the assessor shall have the privilege of examining the books of such banks to verify said statement. Whenever one member of a firm, or one of the proper officers of a corporation, has made a statement showing the property of the firm or corporation, another membr of the firm, or another officer, need not include such property in the statement made by him; but his statement must show the name of the person or officer who made the statement in which such property is included.

Amended March 7, 1881; stats. 1881, p. 58.

58 Cal. 138; 61 Cal. 103; 62 Cal. 117; 63 Cal. 527; 64 Cal. 483; 65 Cal. 107; 67 Cal. 626; 68 Cal. 15; 71 Cal. 207; 73 Cal. 51; 80 Cal. SS; 83 Cal. 570; 85 Cal. 200; 97 Cal. 220; 112 Cal. 596; 115 Cal. 78; 116 Cal. 29; 121 Cal. 384; 132 Cal. 76; XXXVII Cal. Dec. 322; 1 Cal. App. 581; 2 Cal. App. 431; 3 Cal. App. 621; VII Cal. App. Dec. 33.

Definitions: See Pol. C. § 3617.

Blank forms of statement, and affidavit therefor.

§ 3630. The board of supervisors must furnish the assessor with blank forms, as prescribed by the state board of equalization, of the statements provided for in the preceding sections, affixing thereto an affidavit, which must be substantially as follows:

"I, do swear that I am a resident of the county of (naming it); that the above list contains a full and correct statement of all property subject to taxation which I, or any firm of which I am a member, or any corporation, association, or company of which I am president, cashier, secretary, or managing agent, owned, claimed, possessed, or controlled, at twelve o'clock M., on the first Monday in March last, and which is not already assessed this year; and that I have not, in any manner whatsoever, transferred or disposed of any property, or placed any property out of said county or my possession for the purpose of avoiding any assessment upon the same, or of making this statement; and that the debts therein stated as owing by me are owing to bona fide residents of this state, or to firms or corporations doing business in this state."

The affidavit to the statement on behalf of a firm or corpora

tion must state the principal place of business of the firm or corporation, and in other respects must conform substantially to the preceding form.

Amended March 28, 1895; stats. 1895, p. 312.

68 Cal. 15; 85 Cal. 200; 1 Cal. App. 245; 2 Cal. App. 431; VII Cal. App. Dec. 33.

Property of firm or corporation assessed where situated.

§ 3641. The property of every firm and corporation must be assessed in the county where the property is situate, and must be assessed in the name of the firm or corporation.

Enacted March 12, 1872.

64 Cal. 507; 153 Cal. 564, 569.

See, also, Pol. C. § 3628, as to place of assessment.

Ferries and toll bridges, where assessed.

§ 3643. A ferryboat is a vessel traversing across any of the waters of the state, between two constant points, regularly employed for the transfer of passengers and freight, authorized by law so to do, and also any boat employed as a part of the system of a railroad for the transfer of passengers and freight, plying at regular and stated periods between two points. Where ferries connect more than one county, the wharves, storehouses, and all stationary property belonging to or connected with such ferries, must be assessed, and the taxes paid, in the county where located. The value of the franchise, and water craft, and of all toll bridges connecting more than one county, must be assessed in equal proportions in the counties connected by such ferries or toll bridges.

Amended March 12, 1885; stats. 1885, p. 93.

Assessment of water ditches, toll roads, and telegraph lines.

§ 3663. Water ditches constructed for mining, manufacturing or irrigating purposes, and wagon and turnpike toll roads must be assessed the same as real estate by the assessor of the county, at a rate per mile for that portion of such property as lies within his county. All telegraph and telephone lines shall be described in the same manner as real estate is described, but assessed as personal property by the assessor of the county, at a rate per mile for that portion of such property as lies within his county.

Amended March 28, 1895; stats. 1895, p. 316.

79 Cal. 590; 84 Cal. 74; 137 Cal. 515; 149 Cal. 666; VIII Cal. App. Dec. 378.

Agent of corporation, statement by to state board of equalization. § 3664. The president, secretary, or managing agent, or such other officer as the state board of equalization may designate, of any corporation, and each person, or association of persons, owning or operating any railroad in more than one county in this state, shall, on or before the first Monday in April of each year, furnish the said board a statement, signed and sworn to by one of such officers, or by the person or one of the persons forming such association, showing in detail for the year ending on the first Monday in March in each year:

1. The whole number of miles of railway in the state, and. where the line is partly out of the state, the whole number of miles without the state, and the whole number within the state, owned or operated by such corporation, person, or association;

2. The gross earnings of the road in the state, and, where railway, and the value of the same within the state;

3. A general description of the right of way;

4. The number of each kind of all rolling stock used by such corporation, person, or association in operating, the entire railway, including the part without the state;

5. Number, kind, and value of rolling stock owned and operated in the state;

6. Number, kind, and value of rolling stock used in the state, but owned by the party making the returns ;

7. Number, kind, and value of rolling stock owned, but used out of the state, either upon divisions of road operated by the party making the returns or by and upon other railways.

Also showing in detail for the year preceding the thirtieth day of June:

1. The gross earnings of the entire road;

2. The gross earnings of the road in the state, and, where the railway is let to other operators, how much was derived by the lessor as rental;

3. The cost of operating the entire road, exclusive of sinking fund, expenses of land department, and money paid to the United States;

4. Net income for such year, and amount of dividend declared;

5. Capital stock authorized;

6. Capital stock paid in:

7. Funded debt;

8. Number of shares authorized;

9. Number of shares of stock issued;

10. Any other facts the state board of equalization may require;

11. A description of any part or portion of such railroad which may be in the possession and control of any other railroad company or corporation, and operated by such other corporation under a lease or other contract;

12. The president, secretary, or managing agent, or such other officer as the state board of equalization may designate of any corporation or association of persons operating in this state any portion of a line of railroad owned by and belonging to some other corporation or association, which runs in more than one county, shall make the same statement as is herein required to be made by the foregoing provisions of this section by the owner of such railroad;

13. A description of the road, giving the points of entrance into and the points of exit from each county, with a statement of the number of miles in each county. When a description of the road shall once have been given, no other annual description thereafter is necessary, unless the road shall have been changed. Whenever the road, or any portion of the road, is advertised to be sold, or is sold for taxes, either state or county, no other description is necessary than that given by, and the same is conclusive upon the corporation, person, or association giving the description. No assessment is invalid on account of a misdescription of the railway, or the right of way for the same. If such statement is not furnished as above provided, the assessment made by the state board of equalization upon the property of the corporation, person, or association failing to furnish the statement is conclusive and final.

Amended March 19, 1907; stats. 1907, p. 689.

60 Cal. 12, 27; 68 Cal. 552; 105 Cal. 591; 124 Cal. 498, 502.

Assessment of railway franchises and properties.

§ 3665. The state board of equalization must meet at the state capitol on the third Monday in July, and continue in open session from day to day, Sundays excepted, until the first Monday in August. At such meetings the board must assess the franchise, roadway, roadbed, rails, and rolling stock of all railroads operated in more than one county, but franchises derived

from the United States shall not be assessed. Assessments must be made to the corporation, persons, or association of persons owning the same. If any portion of any railroad less than the whole is operated by some corporation or association of individuals other than the owner of such railroad, under lease or other contract, and such portion so operated runs in more than one county, the value of such part or portion of such railroad shall be assessed separate and apart from the balance of said railroad, and the board shall assess the roadway, roadbed, and rails of such portion of said railroad, together with the rolling stock used thereon by the corporation or association of individuals operating the same. The depots, stations, shops, and buildings erected upon the space covered by the right of way, and all other property owned by such person, corporation, or association of persons, are assessed by the assessor of the county wherein they are situate. Within twenty days after the first Monday of August, the board must apportion the total assessment of the franchise, roadway, roadbed, rails, and rolling stock of each railway to the counties, or cities and counties, in which such railway is located, in proportion to the number of miles of railway laid in such counties, and cities and counties. The board must also, within said time, transmit, by mail, to the county auditor of each county, or city and county, to which such apportionment shall have been made, a statement showing the length of the main track of such railway within the county, or city and county, with a description of the said track within the county, or city and county, including the right of way, by metes and bounds, or other description sufficient for identification (but it shall not be necessary to state the variable width of such right of way), the assessed value per mile of the same, as fixed by a pro rata distribution per mile of the assessed value of the whole franchise, roadway, roadbed, rails, and rolling stock of such railway within the state, and the amount apportioned to the county, or city and county. The auditor must enter the statement on the assessment roll or book of the county, or city and county, and where the county is divided into assessorial townships or districts, then on the roll or book of any township or district he may select, and enter the amount of the assessment apportioned to the county, or city and county, in the column of the assessment book or roll, as aforesaid, which shows the total value of all property for taxation, either of the county, city and county, or such township or district. On the third