(a) It is the duty of every person or corporation operating any railroad or express company in this state to make annual returns of the business of the railroad or express company to the Arkansas Department of Transportation.
(b)
(1) The returns shall embrace all receipts and expenditures of the railroad or express companies in this state and are to be made according to forms furnished by the department for that purpose.
(2) The returns shall be made within thirty (30) days after the end of each year to which they relate.
(3) The returns shall be sworn to by some officer of the railroad or express company having knowledge of the matters therein stated.
(c)
(1) Any person or corporation who fails or refuses to make the returns shall be liable to a penalty of fifty dollars ($50.00) for each day of such a failure or refusal.
(2) The penalty is to be recovered by action commenced in the name of the State of Arkansas in any court having jurisdiction of the amount, the action to be prosecuted as provided in this act.