The Opelousas journal. [volume] (Opelousas, La.) 1868-1878, 1868-07-18

same must write or imprint thereon in ink
the initials OF his name, and the date (thc
year, month, and day. on which the same
is attached or used. Each stamp should be
separately cancelled. When stamps arc
up the instrument the face Of the stamp is
and must necessarily be written across, no
/ other cancellation will be required.
All cancellation must lie distinct and
lcsibie, and except in the case Of propric-
cancellation which differs from that above
described can be recognized as Legal and
u sufficient.
= Gta-nring Of Instruments by Collectors
Any person having an instrument about
0 to be iSs:ea, may present it to the collector,
who, under the authority conferred UPON
him ly section 1862, will so stamp it as t.
place tn: sutiicicncy Of that particular in
st:umcnt beyond all questions so far as
stamp duties are concerned. The protis-
: iois Of the section can in no case be applied
. to an instrument after it hasbccn issued or
o used. The collector should decline to stamp
0 or impress an instrument, under this see
ton, It'll the stamp duty with which he
thinks it chargcable has been paid. In cases
of reasonable doubt he is recommended to
obtain the opinion Of this office before aliix-
!, ing his stamp, unless immediate action is
essential to the interests Of the parties con-
cerucd.
Penalties.
4 penalty offlty dollars is imposed upon
every person who makes, signs, or issues,
= or who causes to be made, signed, or is
sued, any paper of any kind Or description
whatever, or who accepts, ncgotiat4S, or
pays, or causes to be accepted, negotiated,
} or paid, any bill of exchange, draft, or or
tdcr, or promissory note, for the payment Of
money, without the same being duly stump
ed, or having thereupon an adhesive stamp
fer denoting the tax chargeable thereon,
Cancelled IN the manner required by law,
with intent to evadc the provisions of the
revenue act.
4 penalty of two hundred dollars is i'm
posed upon every person who pays, ue@o-
%tiates, Or offers in payment, or receive, or
takes in payment, any bill Of exchange or
order for the payment of any sum Of money,
drawn Or purporting to be drawn in for
cign country, but payable in the United
States, until the proper stamp has been
affixed thereto.
A penalty of fifty dollars fine is imposed
upon every person who fraudcntly makes
use ofan adhesive stamp to denote the duty
required by the revenue act, without effect
ually cancel;ng and celebrating the same
in the manner required py law.
General Remarks.
Revenue STAN IS may be used indiscrim-
inately upon any Of the matters or things
enumerated in schedule 3, except proprie- |
tary and playing card stamps, for Which a
special use has been provided.
Postage stamps can not be used in paw
ment Of the duty chargeabIe on instru-
mcnts.
The law does not designate which OF the |
parties to an instrument shall furnish the
necessary stamp, nor does the Commission
er OF Internal Revenue assume to determine
that 1t shall be supplied by one party rath-
er than by authority but if an instrument
SUBJ ect to stamp duty is issued without
having the necessary stamps affixed thereto,
it can not be recorded, Or admitted, or nscI
AS evidence IN any court, until a il al STAMP
or stamps, d%enoting the amount Of tax, Shall
have been affixed as prescribed by law, AID
the person who thus issues it is liable to a
penalty, if he omils the STAMPS with an in
tent to evadc the provisions Of the internal
revenue act.