Burlington free press. [volume] (Burlington, Vt.) 1827-1865, 1840-12-04

tits hereby enacted by the General Assembly Of the
State of Vermont, as follows:
l.. All steambo stock in any company chartered
by the Legislature of this State whether the owners
thereof reside within out of this state shall be in
the list at the rate Of six dollars for every hundred
dollars actually paid in.
2. 1t shall be the duty of every person owning such
stock, exhibit to the listers one of them in
the town in which he resides, before the first
dry of May in every year. list of the number of shares
by him owned in such company, on the frs, of April
next preceding, and the amount actually paid in on
each share.
g. If the listers OF such town shall be ofthe opin-
ion that any person in such town has neglected en-
hblt list of such amount of stock by him owned
required in the preceding sections or has exhibited
list of less amount than he ought to have done, it
shall be the duty of such listers to insert in the list OF
such person such an amount as they shall deem just
III the list OF such person, according TO the best judy
ment of such listers.
A. The stock of such persons rs reside out Of the
state shall be set in the list of the town where such
company required by ITS charter to hold their annual
meeting for the election ofo!iicers
s. 1t shall be the duty of the clerk of every such
company in the month of April in every year. to rspor
in writing to the town clerk of each town in thi,
state where the owner of such stock resides the
of such st ckholder the amount ofstock by him own
! ed the amount actually paid in each share, and
shall also report the names of oil stock holders resi
ing of the statc,the number of shares by them
owned, and the amount actually paid in on each share
| to the town clerk in the town where such company
is by its charter required 10 hold its annual meetings
| to elect officers.
g. If the clerk of any such company shall neglec
| to make report to the town clerk required in tn,
two preceding sections. he shall forfeit and pay sun
not exceeding one hundred dollars for every such neg
let to be recovered in action this statute, in thu
name of the town where such report should have beer
made for the of such town. before any court hav
ing, jurisdiction 0: the case.
T. All'sloops schooners and other vessels owned il
this state, held by any person out of the state 70
| the benefit Of or in trust for any person residing il
this state, except such vessels owned by ncor
porated companies whose stock taxed by virtue of tn
preceding sections, shall be set in the list at four pc
cen,nm on the value thereof in money.
| 8. where vessels are owned or held by any person
out of this in trust for and for the benefit of an
person in this state such vessels shall be set in the lis
of the pcrson for whose benefit such vessels are own
ed or held.
9. Whenever any person shall hereafter he asses
sed for money on hand debts due, bank, insurance q
steam boat stock, in a greater sum or for create
amount than snch person shall deem just he may, O
or before the twentieth day of August, make appca
reduced or vacated and the listers may examine sue
cation, and hear the testimony in relation theret,
and after such hearing, shall assess 'uch person
such as from the evidence they shall deem just
which assessment shall! he taken the assessment
such person. for his Stock debts due or money o
hand.
10. Such applicant shall not, on snch examination
be required by the listers TO disclose the names of ii
persons who NAV he in 1cbtcd TO him.
II. This act shall take cicc, the first day
; January next
Approved, October 26. 1870.