Download or read book Proceedings of Annual Meeting of Stockholders of the North Carolina Railroad Company, 1894 (Classic Reprint) written by North Carolina Railroad Company and published by Forgotten Books. This book was released on 2018-02-23 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Proceedings of Annual Meeting of Stockholders of the North Carolina Railroad Company, 1894 By reference to the report of the Commissioners for 1893, it will be seen that the entire property was valued at and this is the amount upon which taxes (state, county and municipal) would be paid if no exemption were claimed. By reference to same report, it will be seen that the Commissioners assessed for taxation (state, county and municipal), as property not exempt from taxation, property to the value of and the gross receipts of the Richmond and Danville Company, against which a tax Of one-half of one per cent. Was charged, amounted for this same period to In other words, with the exemption claimed by the Company, we would pay State, county and municipal taxes upon property valued at and a tax of one-half of one per cent. Upon while with no exemption we would pay State, county and municipal taxes upon De siring to subserve the best interests of your Company we decided to pay the smaller tax, and therefore surrendered the exemption and directed the entire property of the Company to be assessed for taxation. In arriving at this conclusion, we were moved by other considerations which it may be well to briefly notice. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.