137.1012. Aggregate valuation of distributable freight line company property by the commission--procedure.
Aggregate valuation of distributable freight line company propertyby the commission--procedure.
137.1012. 1. The commission shall assess, adjust and equalize theaggregate valuation of the distributable property of each freight linecompany. For the purpose of estimating the true value in money of thedistributable property of a freight line company, the commission may takeinto consideration the reports filed under section 137.1009, the reports,statements or returns of the company filed in the office of any board,office or commission of this state, or any county thereof, and such otherevidence of any kind bearing thereon. No report, statement or return shallbe conclusive upon the commission in estimating the true value in money ofthe operating property of a freight line company. The commission may setthe aggregate valuation of the distributable property of any freight linecompany upon which no returns have been made, which may otherwise be knownto them as they deem just and right.
2. The commission may summons witnesses by process issued to anyofficer authorized to serve subpoenas and compel them to testify.
3. In originally assessing, adjusting and equalizing anydistributable freight line company property for any year or years, thecommission may arrive at its findings, conclusion and judgment, upon itsknowledge, or such information as may be before it, and shall not be solelygoverned in its findings, conclusions and judgment by the testimony whichmay be adduced, but may give to it such weight as the commission may thinkit is entitled to receive.
4. When the operations of any such company shall extend beyond thelimits of this state and into another state, then the commission shallassess, equalize and adjust only such proportion of the total value of alldistributable property of such company as may be reasonably allocated tothis state. To accomplish this end, the commission may require informationin its form reports under section 137.1009 which is necessary to properlyassess and allocate such property.
(L. 1999 S.B. 219)