Charles City Republican intelligencer. [volume] (Charles City, Iowa) 1861-1864, 1862-08-07

; liability thereto may commence, any
limitations which may exist by law oil
by agreement with any person OF
company which may have paid ol
be liable to pay such fare to the
contrary Notwithstanding.
RAILROAD BONDS.
Sec. 81. And be it further anactcd,
That on and after the first day of Au-
gust, eighteen hundred and sixty
two any person or persons owning or
possessing, or having the care or man
agement Of any railroad company or
railroad corporation, being indebted
for any st,h or sums of money for
which bonds or other evidences of in
debtedness have been issued, payable
in one or more years after date, upon
which interest is, or shall be, stipula-
ted to be paid, or coupons representing
the interest shall be or shall have
been issued to be paid and all divi-
dends in scrip or money or sums of
money thereafter declared due or pay
able to stockholders of any railroad
company, as part of the earnings,
profits or gains of said companies,
shall be subject to and pay q duty of
three per centum on the amount of all
such interest, or coupons, or dividends,
whenever the same shall be paid :;
and said railroad companies or rail
road corporations, or any person or
persons owning, possessing, or hav-
ing the care or management OF
any railroad company or railroad
corporation, are hereby authorized
and required to deduct and withhold
from all payments made to any per-
son, or persons or party, after the first
day of August, as aforesaid, on ac-
count of any interest or coupons or
dividends due and payable as afore-
said, the said duty or sum of three
per centum, and the duties deducted
as aforesaid, and certified by the Pres
ident, or other proper officer Of said
company or corporation, shall be re-
ceipt and discharge according to the
amount thereof, of said railroad com
panies or railroad corporations, and
the owners, possessors, and agents
thereof, on dividends and on bonds, or
other evidences of their Indebtedness,
upon whicli interest or coupons are
payable, holden by any person or par
ty whatsoever, and list or return
shall be made and rendered within
thirty days after the time fixed when
said interest, or coupons, or dividend
become due or payable, and as often
as every six months. to the Commits
sioner of Internal Revenue, which
shall contain q true and faithful ac-
count of the duties received and
chargeablc, as aforesaid, during the
time when such duties have accrued
OF should accrue, and remaining I'M
accounted for and there shall be an
nexed to every such list or return a
declaration under oath or affirmation,
in manner and form as may be pre-
scribcd by the Commissioner of Inter
nal Revenue, of the president, treasn-
rcr, or some proper officer Of said rail-
road company or railroad corporation,
! that the same contains true and
| faithful account of the duties so with.
held and received during the time
when such duties have accrued or
should accrue, and not accounted for,
and for any default in the making or
rendering of such list or return, with
the declaration, as aforesaid, the per-
son or persons owning, possessing or
having the care or management OF
such railroad company or railroad cor.
poration, making such default, shall
forfeit as penalty, the sum of five
hundred dollars and i'll case of any
default in making or rendering said
list, or of any default in the payment
of the duty, or any part thereof, ac'
cruing or which should accrue, the as
sessment and collection shall be made
according to the general provisions OF
this act.
BANKS, TRUST COMPANIES, SAVINGS lNsTIrU-
TIoNs, AND INSURANCE COMPANIES.
Sec. 50. And be it further enacted,
That on and after the first day of Ju-
Iy, eighteen hundred and sixty-two,
there shall be levied, collected, and
paid 10y all banks, trust companies,
and savings institutions, and by all
fire, marine, life, inland, stock, and
mutual insurance companies, under
whatever style or name known or Cal
led, of the United States or Terrific.
ries, specially incorporated or existing
under general laws. or which may be
hereafter Incorporated or exist as
aforesaid, on all dividends in scrip OF
money thereafter declared due or paid
to stockholders, to policy holders, ol
to depositors as part of the earnings
profits, or gains of said banks, trust
companies, savings institutions, or in
, surance companies, and on all sums
added TO their surplus or contingent
, funds, duty of three per centum
/: Provided, That the duties upon the
i dividends of life insurance companies
!. shall not be deemed due, or to be col
5 lcctcd, until such dividends shall bt
: payable by such companies. And sale
J. banks, trust companies, savings in
I stitutions and insurance companies
t are hereby authorized and required t,
r deduct and withhold from all pay
4 ments made to any person, persons o
1 party, on account of any dividends O
Q sums of money that may be due an
9 payable, as aforesaid, after the frs
: day Of July, eighteen hundred an
J. sixty-two, the said duty of three pc
r centum. And list or return sha
!; be made and rendered within thirt
o days after the time fixed when sue
e dividends or sums of money shall b
y Declared due and payable, and as O
e. ten as every six months to the Con
y missioner of Internal Revenue, whis
h shall contain true and faithful a
ID count of the amount of duties accr
l. ed, or which should acrue from tin
ct to time, as aforesaid, during the tin
" when such duties remain unaccount
tn for, and there shall be annexed to q
b. cry such list or return n declaratiC
d, under oath or affirmation, to- be ma
nd in form and manner as shall be p
to scribed by the Commissioner of Int
Dy nal Revenue, Of the president or so