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

stock, capital, or deposit in any bank,
trust company, or savings Institution,
insurance, gas, bridge, express, tele-
graph, steamboat, ferry-boat, or rail-
road company, or corporation, or on
any bonds or other evidences of in
debtedness of any railroad company
or other corporation, which shall have
been assessed and paid by said banks,
trust companies, savings institutions,
insurance, gas, bridge, telegraph,
steamboat, ferry-boat, express, or
railroad companies, as aforesaid, or
derived from advertisements, or on
any articles manufactured, upon
which specific, stamp, or ad valorcm
duties shall have been directly asses
sed or paid shall also be deducted
and the duty herein provided for shall
be assessed and collected upon the
income for the year ending the thirty
first day of December next preceding
the time for lcvying and collecting
said duty, that is to say, on the first
day of May, eighteen hundred and
sixty.thrce, and in each year thereaf-
ter: Provided, That upon such por-
ton Of said gains, profits, or income,
whether subject to duty as provided
in this act of three per ccntum or five
per ccntum, which shall be derived
from interest upon notes, bonds, or
other securities Of the United States,
there shall be levied, collected, and
paid a duty not exceeding one and
one half OF one per centum, anything
in this act to the contrary notwith-
standing.
Sec. 90. And be it further enacted,
That the duties on incomes herein inn
posed shall be due and payable on or
before the thirtieth day of June, in
the year eighteen hundred and sixty
three, and in each year thereafter I'M
til and including the year eighteen
hundred and sixty-six and no longer !;
and to any sum or sums annually due
and unpaid for thirty days after the
thirtieth of June, as aforesaid, and
for ten days after demand thereof by
the collector, there shall be levied, in
addition thereto, the sum of five per
centum on the amount of duties un-
paid, as a penalty, except from the
estates of deceased and insolvent per-
sons and if any person or persons
or party, liable to pay such duty, shall
neglect or refuse to pay the same,
the amount due shall be lien in ia
vor of the United States from the
time it was SO due until paid, with
the interest, penalties, and costs that
may accrue in addition thereto, upon
all the property, and rights to prop.
erty, stocks, securities, and debts of
every description from which the in
come upon which said duty is asses
sed or levied shall have accrued or
may or should accrue and in default
of the payment of said duty for the
space of thirty days, after the same
shall have become due, and be de-
manded, as aforesaid, said lien may
be enforced by distraint upon such
property, rights to property, stocks,
securities, and evidences of debt, by
whomsocver holden and for this pur-
pose the Commissioner Of, Internal
Revenue, upon the certificate of the
collector or deputy collector that said
duty is due and unpaid for the space
of ten days after notice duly given of
the levy of such duty, shall Issue a
warrant, in form and manner to be
prescribed by said Commits sioner OF
Internal Revenue, under the direction
of the Secretary of the Treasury, and
: by virtue of such warrant there may
be levied on such property, rights to
property, stocks, securities, and evil
dences of debt, q further sum, to be
fixed and stated in such warrant, over
and above the said annual duty, inter-
est, and penalty for non-paymcnt,
sufficient for the fees and expenses Of
such levy. And in all cases of sale,
as aforesaid, the certificate Of such
sale by the collector or deputy collcc-
tor of the sale, shall give title to the
purchaser of all right, title, and inter-
est Of such delinquent in and to such
property, whether the property be
real or personal and where the sub
.ject of sale shall be stocks the certifi-
cate of said sale shall be lawful au-
thority and notice to the proper cor
poration, company, or association, to
record the same on the books or rec
ords, in the same manner as If trans
ferred or assigned by the person or
party holding the same, to issue new
certificates of stock therefor i'll lieu of
any original or prior certificates,
which shall be void whether cancel
lex or not and said certificates of
sale of the collector or deputy collect
or, where the subject of sale shall be
securities or other evidences of debt,
shall be good and valid receipts to the
person or party holding the same, as
against any person or persons on 9th
er party holding, or claiming to hold,
possession of such securities or other
evidences of debt.
Sec. 90. And he it further enacted,
That it shall be the duty of all persons
OF lawful age, and all guardians and
trustees, whether such trustees are SO
by virtue of their office as executors,
administrators, or other fiduciary
capacity, to make return in the list or
schedule, as provided in this act, to
the proper officer of internal revenue,
of the amount of his or her income,
or the income of such minors or per-
sons as may be held in trust as afore-
said, according to the requirements
hereinbeforc stated, and in case of
neglect or refusal to make such re-
turn, the assessor or assistant asses
sor shall assess the amount of his or
her income, and proceed thereafter TO
colelct the duty thereon in the same
manner as is provided for in other
cases of neglect and refusal to fur
nish lists or schedules in the general
provisions Of this act, where not 9TH
erwise Incompatible, and the assist
ant assessor may increase the amount
OF the list or return Of any party ma
king such return, if he shall be salts
lied that the same is understated
Provided, That any party in his or
her own behalf, or as guardian or
trustee, as aforesaid, shall be permit.
ted to declare, under oath or aflirma-
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