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


liability thereto may commence, an,
limitations which may exist by law o
by agreement with any person o
company which may have paid o
be liable to pay such fare to th'
contrary Notwithstanding.
RAILROAD BONDS.
Sec. 81. And be it further anacted
That on and after the first day of Au
gust, eighteen hundred and sixty.
two any person or persons owning OF
possessing, or having the care or man
agement of any railroad company OF
railroad corporation, being indebted
for any sum or sums of money fol
which bonds or other evidences of i'm
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 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, orpersons or party, after the first
day of August, as aforesaid, on &C.
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 which 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 true and faithful ac-
count of the duties received and
chargeable, as aforesaid, during the
time when such duties have accrued
or should accrue, and remaining un-
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-
scribed by the Commissioner of Inter
nal Revenue, of the president, treasu-
rer, 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 OIL
rendering of such list or return, with
the declaration, as aforesaid, the per
son or persons owning, possessing OIL
having the care or management ot
such railroad company or railroad cor
poration, making such default, shall
forfeit as penalty, the sum of five
hundred dollars and in case of any
default in making or rendering sale
list, or of any default in the payment
of the duty, or any part thereof, &C
cruing or which should accrue, the as
sessment and collection shall be made
according to the general provisions oi
this act.
BANKS, TRUST COMPANIES, SAVINGS INsrITu-
TroNs, AND INSURANCE COMPANIES.
Sec. 50. And be it further enacted
That oh and after the first day of Ju
ly, eighteen hundred and sixty-two
there shall be levied, collected, ant
paid by all banks, trust companies
and Savings institutions, and by al
fire, marine, life, inland, stock, an,
mutual insurance companies, unde
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 b.
hereafter Incorporated or exist a
aforesaid, on all dividends in scrip O
money thereafter declared due or pai,
to stockholders, to policy holders, o
to depositors as part of the earnings
profits, or gains of said banks, trus
companies, savings institutions, or IN
surance companies, and on all sums
added TO their surplus or contingen
funds, duty of three per centum
Provided, That the duties upon tn
dividends of life insurance companie
shall not be deemed due, or to be co
, lected, until such dividends shall b
payable by such companies. And sal
banks, trust companies, savings il
stitutions and insurance companic
are hereby authorized and required I
|. deduct and withhold from all pa,
ments made to any person, persons G
party, on account of any dividends {
! sums of money that may be due an
payable, as aforesaid, after the firs
day of July, eighteen hundred an
. sixty-two, the said duty of three pe
|, centum. And list or return sha
be made and rendered within thirt
, days after the time fixed when sue
> dividends or sums of money shall b
: Declared due and payable, and as o
: ten as every six months to the Con
' missioner of Internal Revenue, whie
l shall contain true and faithful a
d count of the amount of duties accr
l. ed. or which should acrue from tin
t to time, as aforesaid, during the tin
v when such duties remain unacconntt
h for, and there shall be annexed to @
j. ery such list or return a declaratio
|, under oath or affirmation, to be ma,
d i'm form and manner as shall be pr
o scribed by the Commissioner OF Int
Y nal Revenue, OF the president or son