§ 604. Special franchise reports to commissioner. 1. Every person,
partnership, association or corporation acquiring a special franchise,
hereinafter referred to in this article as a special franchise owner,
shall within thirty days after such acquisition make a written report to
the commissioner containing a full description of such special
franchise, a copy of the special law, grant, ordinance or contract under
which the same is held, or if acquired under a general law, a reference
thereto, and a statement of any condition, obligation or burden imposed
upon such special franchise, or under which the same is held, together
with any other information relating to the value thereof which may be
required by the commissioner.

2. The commissioner may require from any special franchise owner an
annual report and, from time to time, a further or supplemental report,
containing such information and data as it may specify.

3. Every report required by or pursuant to this section shall be
subscribed by the person, one of the members of the partnership or the
president, vice-president, secretary or treasurer of the association or
corporation, as the case may be, making the same and affirmed by him as
true under the penalties of perjury. The commissioner may prepare and
require the use of forms for making such reports.

4. Every special franchise owner failing to make the report required
by this section, or failing to make any report required by the
commissioner pursuant to this section within the time specified by it,
shall forfeit to the people of the state the sum of one hundred dollars
for every such failure and the additional sum of ten dollars for each
day that such failure continues, and shall not be entitled to review a
special franchise assessment which is the subject of such report as
provided in article seven of this chapter.

5. In addition to the provisions of subdivision four of this section,
if a special franchise owner fails to furnish a report required by this
section, or fails to make any report required by the commissioner
pursuant to this section within the time specified, the commissioner may
commence a special proceeding in the supreme court to compel such owner
to furnish the report.