cause to be published a full and complete list of such assessment by township or assessment districts, which publication shall be made on or before July 10, of each year in some public newspaper or newspapers printed and published in said county: Provided, that in every township or assessment district in which there is published one or more newspapers of general circulation the list of such township or assessment district shall be published in one of said newspapers so printed and published in said township or assessment district: And provided, that said newspaper shall not receive for the publishing of said assessment list to exceed three (3) cents per name for each person or corporation so assessed and if impossible to secure publication at that price, that the publication be let to the lowest bidder at a price not exceeding five cents per tract, and shall furnish to the county assessor, the county supervisor of assessments and the board of review as many copies of said paper containing the assessment list as they may require, said papers so furnished not to cost to exceed five (5) cents per copy: Provided further, that after the year 1907, the publication shall only be of the assessment of personal property and the changes made, if any, in real estate, but the real estate assessment shall be published in full every four (4) years, beginning with the year 1907: Provided further, that in counties of 125,000 inhabitants or over, no assessment of real estate shall be published as herein provided until such assessment shall have been equalized, revised or affirmed by the board of review, and when the board of review shall have acted upon the assessment list of real property, as herein provided in the year 1907 and every four years thereafter, the assessors and board of review shall cause to be published a full and complete list of such assessment on real property, together with all changes made by the board of review under the authority of this Act, such changes to be indicated in a separate column, such publication to be in pamphlet form by election districts in lieu of publication in a newspaper: And provided, that the board of review shall cause to be mailed to each taxpayer in said election precinct a copy of the said list for his precinct: Provided further, that in case said assessment is not published in conformity with law and was not mailed in accordance with the provisions of this Act, the failure to so publish the same or mail the same shall not be considered as a valid objection to a judgment for tax sale in the county court. The expense of such printing and publication shall be paid out of the county treasury.

APPROVED June 23d, 1915.

ASSESSMENT OF PERSONAL PROPERTY.

§ 1. Amends section 13, Act of 1872, as amended in 1905.

13. Where property of banks and others assessed-how taxable property computed-repeal-emergency.

(HOUSE BILL No. 106. APPROVED MARCH 31, 1915.)

AN ACT to amend section 13 of an Act entitled "An Act for the assessment of property and for the levy and collection of taxes," approved March 30th, 1872, in force July 1st, 1872, as amended by an Act in force July 1st, 1905.

SECTION 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly: That section 13 of an Act entitled

"An Act for the assessment of property and for the levy and collection of taxes" approved March 30th, 1872, in force July 1st, 1872, as amended by an Act in force July 1st, 1905, be, and the same is hereby amended to read as follows:

§ 13. The personal property of banks or bankers, brokers, stockjobbers, insurance companies (except life insurance companies organized under the laws of this State), fraternal beneficiary societies (except those organized under the laws of this State), hotels, livery stables, saloons, eating houses, merchants and manufacturers, ferries, mining companies, and companies not specially provided for in this Act, shall be listed and assessed in the county, town, city, village or district where their business is carried on, except such property as shall be liable to assessment elsewhere in the hands of agents. All persons, companies and corporations in this State, owning steamboats, sailing vessels, wharf boats, barges and other water craft, shall be required to list the same for assessment and taxation in the county, town, city, village or district, in which the same may belong, or be enrolled, registered or licensed, or kept when not enrolled, registered or licensed. All property and assets of life insurance companies and fraternal beneficiary societies organized under the laws of this State shall be assessed to the corporation or society as to a natural person, in the name of the corporation or society, in the county, town, city, village or district of its residence as herein provided, and not otherwise. The place where its office is located in its articles of incorporation shall be deemed its residence; Provided its business is actually transacted at such office, but if it shall establish its principal office in any other place than the place named in its articles of incorporation, then the place where it transacts its principal business shall be deemed its residence for all the purposes of this Act. In computing the taxable property of life insurance companies organized under the laws of this State, the value of the real property on which the company pays taxes shall be deducted from its net admitted assets above liabilities as testified and shown by the latest report of the Insurance Superintendent, and the remainder shall be the amount of personal property for which the company shall be assessed.

In computing the taxable property and funds of a fraternal beneficiary society, organized under the laws of this State, there shall be deducted from its gross assets the value of its real estate, furniture supplies and other personal property, otherwise taxed, the net value of its benefit certificates, and all other liabilities, as testified and shown by the latest report of the Insurance Superintendent, and the remainder shall be the property and funds for which the society shall be assessed. All acts or parts of acts inconsistent with this act are hereby repealed.

WHEREAS an emergency exists, therefore this act shall be in full force and effect from and after its passage and approved.

APPROVED March 31st, 1915.

ASSESSMENT OF PERSONAL PROPERTY-LIFE INSURANCE COMPANIES.

§ 1. Amends section 13, Act of 1872, as amended

in 1905.

§ 13. Personal property of banks and others not especially provided fordeductions from gross assets of insurance companies-fraternal societies-repeal.

(HOUSE BILL NO. 954. APPROVED JUNE 28, 1915.)

AN ACT to amend section 13 of an Act entitled, "An Act for the assessment of property and for the levy and collection of taxes," approved March 30, 1872, in force July 1, 1872, as amended by an Act in force July 1, 1905, and further amended by an Act approved March 31, 1915.

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SECTION 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly: That section 13 of an Act entitled, "An Act for the assessment of property and for the levy and collection of taxes," approved March 30, 1872, in force July 1, 1872, as amended by an Act in force July 1, 1905, and further amended by an Act approved March 31, 1915, be and the same is hereby amended to read as follows:

§ 13. The personal property of banks or bankers, brokers, stockjobbers, insurance companies (except life insurance companies organized under the laws of this State), fraternal beneficiary societies (except those organized under the laws of this State), hotels, livery stables, saloons, eating houses, merchants and manufacturers, ferries, mining companies, and companies not specially provided for in this Act, shall be listed and assessed in the county, town, city, village or district where their business is carried on, except such property as shall be liable to assessment elsewhere in the hands of agents. All persons, companies and corporations in this State, owning steamboats, sailing vessels, wharf boats, barges and other water craft, shall be required to list the same for assessment and taxation in the county, town, city, village or district, in which the same may belong, or be enrolled, registered or licensed, or kept when not enrolled, registered or licensed. All property and assets of life insurance companies and fraternal beneficiary societies organized under the laws of this State (except such property as is by statute liable to assessment elsewhere) shall be assessed to the corporation or society as to a natural person in the name of the corporation or society in the county, town, city, village or district of its residence as herein provided, and not otherwise. The place where its office is located in its article [s] of incorporation shall be deemed its residence: Provided, its business is actually transacted at such office, but if it shall establish its principal office in any other place than the place named in its articles of incorporation, then the place where it transacts its principal business shall be deemed its residence for all the purposes of this Act. In computing the taxable property of a life insurance company organized under the laws of this State, there shall be deducted from its gross assets the value of its real estate and of its personal property otherwise taxed, the net value of its outstanding policy contracts calculated according to the mortality table and rate of interest fixed by law, and all its other liabilities (except capital stock) of the same kind and nature as those treated or required to be shown as liabilities in the last annual sworn statement of said company to the Insurance Superintendent and therein deducted from

its admitted assets in order to determine its unassigned funds or surplus, and the remainder shall be the amount of personal property for which the company shall be assessed.

In computing the taxable property and funds of a fraternal beneficiary society, organized under the laws of this State, there shall be deducted from its gross assets the value of its real estate, furniture, supplies and other personal property, otherwise taxed, the net value of its benefit certificates, and all other liabilities, as testified and shown by the latest report of the Insurance Superintendent, and the remainder shall be the property and funds for which the society shall be assessed. All Acts or parts of Acts inconsistent with this Act are hereby repealed.

APPROVED June 28th, 1915.

BOARD OF REVIEW-ASSESSMENT OMITTED PROPERTY.

§ 10. Amends section 35, Act of 1898.

8.35. As amended enumerates powers and duties of boards of review and provides for assessments of property omitted for any number of years.

(HOUSE BILL No. 397. APPROVED JUNE 23, 1915.)

AN ACT to amend and revise section thirty-five (35) of an Act entitled, "An Act for the assessment of property and providing the means therefor, and to repeal a certain act therein named," approved February 25th, 1898, in force July 1st, 1898, as amended by an act approved May 18, 1905, in force July 1st, 1905.

SECTION 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly: That section thirty-five (35) of an act entitled, "An Act for the assessment of property and providing the means therefor, and to repeal a certain act therein named," approved February 25th, 1898, in force July 1st, 1898, as amended by an Act approved May 18, 1905, in force July 1st, 1905, be and the same is hereby amended and revised so as to read as follows:

35. The Board of Review shall, in any year, whether the year of the quadrennial assessment or not:

First: Assess all property subject to assessment which shall not have been assessed by the assessor, and list and assess all property real or personal that may have been omitted in the assessment of any year or number of years, or if the tax thereon, for which such property was liable, from any cause has not been paid, or if any such property, by reason of defective description or assessment thereof shall fail to pay taxes for any year or years, in either case the same, when discovered, shall be listed and assessed by the board in its revision of assessments, and the board may make such alterations in the description of real or personal property as it shall deem necessary.

Second: No such charge for tax of previous years shall be made against any property prior to the date of ownership of the person owning such property at the time the liability for such omitted tax was first ascertained, provided, that an assessment of real or personal property omitted from taxation by a decedent during his life time, shall be made against said property and be assessed in the name of the personal representative as executor, administrator or trustee of such

decedent's estate. The owner of real or personal property, and the executor, administrator or trustees of a decedent, whose property may have been omitted in the assessment in any year or number of years, or on which a tax for which such property was liable, has not been paid, and the several taxing bodies interested therein, shall be given at least five days' notice in writing by the board of the hearing on the proposed assessment of such omitted property and the board shall have full power to examine the owner, or the executor, administrator, trustees, legatees or heirs of such decedent or other person touching the ownership, kind, character, amount and the value of such omitted property or credits.

Third: If the board shall determine that the property of any decedent was omitted from assessment during any year or number of years or that a tax for which such property was liable has not been paid, it shall be the duty of said board to give written notice to the executor, administrator or trustees of such decedent of the assessments made against such property and the amount thereof, and thereupon it shall be the duty of such executor, administrator or trustees to retain in his or their hands sufficient of the assets of such decedent's estate to pay the tax when extended on such assessment and it shall be the duty of the county clerk to file in the county or probate court a copy of such assessment together with the rate of taxation thereon, certified by such county clerk and upon the filing of such certificate the county or probate court shall enter an order directing such executor, administrator or trustees to deposit with the clerk of the court or to sequester sufficient of the assets of said estate to pay the taxes on said assessments when extended as now provided by law or to enter into bond in double the amount of said tax with sureties to be approved by the court conditioned for the payment of said tax when so extended, and when so extended by the county clerk the full amount of such tax shall be a claim of the first class against such estate: Provided however, that an assessment of omitted property by the Board of Review in the manner provided in this Act shall not be subject to review by any succeeding board.

For the purpose of enforcing the provisions of this Act, the several taxing bodies interested therein are hereby empowered to employ counsel to appear before said board and take all necessary steps to enforce the assessment on such omitted property.

Fourth: On complaint in writing that any property described in such complaint is incorrectly assessed, the board shall review the assessment, and correct the same, as shall appear to be just. Such complaint to affect the assessment for the current year shall be filed on or before the first day of August: Provided, that if the assessment books containing the assessment complained of are not filed with the Board of Review by the twentieth day of July, then such complaint shall be filed on or before ten days thereafter. The board may also, of its own motion, at any time before its revision of the assessments is completed in every year, increase, reduce or otherwise adjust the assessment of any individual or corporation, on real property or personalty, making changes in the valuations thereof as may be just, and shall have full power over the assessment of any individual or corporation, and may do anything in regard thereto that it may deem necessary to make a just assessment; but no assessment shall be increased until the person or corporation to