Delaware State journal and statesman., 1869-05-28
sTAiE OF DELAWARE. ss
.An Aet larinq IA .glares Of BlnEs.

IA Aet taGfag TIE Shares Of BlHks.
b. IL suscitd By th4 Senate aai Eoa, or ieqaa a1-
tatyts ottte state Of Delaware in oan=rd 4 sembly
mel;
sEcrrsi hlt from aai rot tho pa s .ss o, lh s act
thaie sh I'll be pad annual y by Tho oaar hot
tn reo On each ma e OF he ei sl piS OF esery ni
or Dalkng Association here tier tuctrn rii- or
ofganzel under The laNs Of tits state or Of ia Un
ktnes and ,arryif z LUSH hn his sia'p tax
Of one tourt of ono per cfnium III c4sh vil1e
each shNe Of piia o;s. Iropided that ihH share Or
shaTeF any balk or banking as e!ali in this Sae,
organic uuder The laws OF tine United tes, hold or
owned by any person or body rparatesha nut hesut
shares in any the banLs ufgluizt under tho laws o
any mo ed capt. ia tho hands Of nIisdoa j ia
This state Prorided Jliihcf, That the plJ snl Of
the tax hereby ni ossd upon tbs share3 ofsay bank
now liable to tax upon is capital ITO H. ulder any
law this 5ate, shall, for each 5eir fof wnilh such
payment shall bu made, npt snch bint htnkinR
association from the payment Of the to which is
now subject under exstinE laws
SECTION , Be II further enacted Gjarrigid That
to ssaeta.n the numter of shares ibe AS aiirc
said, woll the value thereof The Presdoltor Cash
Ter oeaeh such bank Or banking association Is hereby
requ rel, the first daY OF July Le8t HtT the passage
OF tbs act and on the first days of January and Juy ia
each year thereafter, make out and lurnish to hs
State Treasu or, list of the stockholders OF such bank
and bank association together with the
held by eachi and snail alao estimate aud Appfgse the
actual vaue of the said shares, and shall verify he said
stand appraisement by tho cath affirmation Of such
President or CAshier-sueh oath affirmation being
duly attested by some officer Of hs State authorized by
law toadminister the Same. nd each said President or
Cashier ls reby authorized and require on OF ba,0i
the first day Of July nsx and sem-annuay h rsafter
the Tst days OF January An Jnlg, in every year
retain and deduct one equal bali part of The aunu tax
aioreaad out Of any divide d profits declared Upon
tho capital stock OF such bank bankns aRsOc iilu
which may be due and payable unto every such holder
Of the shaios Of the 81 stock and shall also. withn
ten days tie ifer aecount for pay tbs said
amount oftix unto the State Treasu fr the othe
State Where any bank Or banking ass1ratiun has
branches the President Cashier Of the prnci
pal bank, and the President Cashier Of each
branch bank shall respectively make the retain u h
numbr and value Of the shares Of The bauk Of vial s
is such President or Cashlr and sta pay the tx for
which the Ownels oI such shares 70 liable. Aud II
dividend shall have been declared as aforesaid, futent
10 pay the tax Rsoresaid then IL shall ba the duty Of
such President Cashier f1fthwt to certify the facts
In writing unto the State TIelaurs' who shall thereup
give notice. tor period of two weeks by ADVERT O.
ment, In one or more newspapers of this state unto the
said delinquent stockholders calling upoA him her, or
them pay the amount Of tax due Aforesaid; aud
IT, upon the expiration Of the term OF sid nocs, the
said tax shall not have been Iad, the said Treasurer
shall proceed orthH lth 10 sell al public sae many
shares Of the sal stock OF such Delinquent shareholder
as may necessary pay MIS- her theii portion
the required to be paid Aforesaid together with all
ale and n ali forthwith deliver 10 the plrchssr or plr
chaaars, certificate under his hand oil the number Of
shares belonging such delinquent stakeholder, and by
him, her, them purchased and such certificate shall
vest the right 10 such shares In the aud upon
Ofsuch certificate to the Cashier of the aux
banking asso iaton he shares in which have been So
sold aforesaid II shall he the duty oil aueh Cashier tt
hanser upon books of the bank banking assooiA
tOn, the number Of shares sold sioresAil to tho pui
j chaser, and to deduct the same from the number o
shares held by tueh delinquent hhnehoder II Cash
Ter OF any bank or banking association shall neglect
make the anhttr AtOfeaaldt ne snail lie
" OF misdsneanor ana upon conYi1ton thereof u
forfeit and pay to tho state fine Of thousand dol
las and shall be liable to such purchaser Ia GiYi
action, for the Tane Of thu shares purchased al
Aforesaid
SECTION Be il farftsr eidcied as dforesaid. Tha
e tbs President Jhsher Of each bank bsung
4 clation Aforesaid performing tbs duties rsqurst BY
this act shall be allowed, by way OF compensation 10
. their services, commssloL Of and one.half pc
y cenuni upon the amount Of taX By them raspaeiivs
paid unto the state Treasurer under tho provisions
this act,
SECTION L. Be il further en- tcisd as aforisaii Tha
In the President Cashier Of any bank banHin
association aforesaid shall refuse negl Ct pero
Of ten days, after the same 10 required by the provision
. of tha act, furnish unto the stAle Treasurer list
the ttoes holders of sub bank baking assstit1n
aresad, to estimate aud Rppraise tho value IN eae
of the taid thares aud verify under oath
affirmation required by the second section Of Obi
l. act shall neglect reiase to retain and deduct
: pay from the dividends profits aforesaid, mi
=, the SAID State rrssuTer the amount Of tax dns upQ
u the said shares then 1t shall be the duty II the sta
- Treasurer forthwith obtain list of tue stocAhode
! Of the s.i1 banks banking in tu0ns VIII sc Tres
q dent Cashier shall have neglected or refused to
a form the acts aud duties as aforesaid, aud to ostinl
and appFalse the actual cash salue Of such shares
capital sock, aud alter giving public notice by HdYi
NJ tisement unto such delinquent stochhoders bY
nj newHpa Of The ste for tha period
three Weeks to proceed to sell by public auction
transfer TO the purchaser slhcielt numler Of thlr,s
such capital sec belonging to del nqusht slAI
70 holder may hs required 10 pay the tlS from At
such delinquent suaieholder resp etlyely together vi
IN the costs and expense iueurrei In poeuiug snon Ii
Ii OF stockholders, and making publication aud sale
a. aforesaid
Il sGcIoS 8. Be At f4rther enacted as at,resaia Th
n the act entitled "a act IN relation % National Banks
y teis state plsse FshruTy 5 1855, be aud III ste
n heleby repetie1.
Il, ra'ssd at pavsr, april 5, 1867, -......
a., =" JOHN HICKMAN,
~ Spidkcr afHe House Of Eepr.s NJ tTcs
bs JAMES WILLIAMS,
y SPEAKER OF ne mate