Delaware State journal and statesman., 1869-05-21
STATE OF DELAWARE, ss.
Ha4I rana
An Ant tnrtnn the Shnrss Of Banks

Bs It enacted by th9 Senate AID Hoass of nefr- ea
t.tvts ofthe state Of Delaware IN ee;i r4, sf'l}
SECTION /. That Irom asl after The - s.o. q agt
there shall be paid annually by the own,r io DEG
th, reof on each ha,e oil the capta s.oie o pry b
or Hauking Association or here Tier ihcsrw raiet or
oiganzed under the laws Of this state orof lh unis
states and aryirg en- tusi ess within his hRfe taa
of oue-tourl4 Of one per crnitm on til clsl Wide o.
each share Of ,pAl SOCK frorldet that IN ife ny
shares any bnhk banking citation IN III. 's
organiz ID under the laws OF the United sles held er
Owned by any person or body corporate shall not best
eet to any tax exceeding the rate mp0set upou ue
shares in any If the banks orgtnz under he laws Of
this Siete, at create rate tHu n'ses'd tn7n
any monoyed capt. in the hands ci inlylddn q i4st
Of this state. Pr0rided Jirihe', Thai tho tsY e1i Of
the tax hereby imposed upon tho shates vi any nh
now lmbla to tag upon It's capital tOski under Nuy
law cfthis State, shall, Tor each year which u
\ paymep shall Oe male exenpt ancn blns or hhhhf
associate from the payment Of the TAX TO which Il W
| now SUBJECT under ex sting laws
SgcrIoN 2 Beu further eRacief Is df1ftsdtd. ihti
10 ascertain the OF shares - tax lha as aprs
said as we'll s value thereof he President or eaah-
ier 81 each such bank banking association Is hareiy
reoure1 on the dFst daY o July LeAt ar the pasasG
Of hs as and the lrA days Of January aud July IA
each year thereafter 10 make out and iprni-h W the
s;aio rrtAuer Inst oi the atoekboiderA o. hue pAhh
and bank association together with theuuWbfN l4ses
held by eaeh and shall also estimate aud hppiaife the
actual value Of The said shares and shall verify he san
list Rppraissmsnt by the oath or Affirmation Of sueh
President Casner,--snch oath or atirnltuu b1ln2
duIy atesteI ly officer Of The State aut 1ld by
law To Admlniste the same. Aud etch said PfeHpeni OF
Cashier ia reby authorized and reqntrl on or ps
the fret day Of Jnly next, and annually III ralier
on the Hrst 4a,a tnutry aud JAW ~ oSry Year 10
reian and deduct equal hall part oi tn NnlG ae
albrasad out ui any divide or profits naeiapd up3n
ba canita stock of such bank Or banking asspeiaia,
which may be due and payable uno every sueh holder
of the shsies of the sa stock. anu shttl Also whin
ten DAYS tue eer, account Tor pay ogvr h9 SID
aou oftAx tue State lreAn 81 ~ tho use OF tue
Slate. Where any bauk or banking assie'a nh hhs one
or more branches the President ut cashier OF s Fihu
. nal bank and the tresidsat UAthier Of each see
branth bank shall respectively make the ot9r "a
4 numb and Of the shafas OF the htuS p Al a.
is such President or Cashier and shA Ply the ti% lN
y which the owners OF such shares reiADl- "hd n ny
dividend shall have hen DECLARED as sn.sa
10 10 pay the tag Aforesaid, tnan u shlh me du3 O
sneh President Cashier iirtw IN T. erty tNs ap
1i in writing uto the State rieielrs- "ho shtl ihe'np
a. on give Lotce. for peroi Of TWO W9ht " AdVep 2
ment IN nswspapers 81 lha slAai unto IA
said delinquent sockholiors calling uQoa him hsf,
q them to pay Of tax so dua as aofe ad ap
is IT, upon the expiration Of tho ter OF sad nnc', h'
10 said tax shall hAve boen Ild, tho sAii treasure
IA sh,ll proceed forthwith sell At pn1lc 80 man
,e shares Of tbs ra svta such ienuaut sharholir
No as may esslry pay ms, her or ih,if pfloh
lie costs and exp ol such pnblei"n a. n''ite ih
slle and sh al forthwith deliver TO tho pure haser o pm
ID, uhasers, certificate under shaad, Of the umNei
h. shares belonging such delinquent hhareh'itet guy
IT, him. her or tham purchased AMI such cefth at fhi
vestth right such shares IN the 4 III i'sr nd npi
ry pres ntatlon oisueh certificate to the Cashier OF tie b
banking association ili shares ~ Waish SVa " Ysn
sold as aforesaid It Hhall De the duty Otsuh Cashier
or uauser upon books Of the banN banking ass1e
he ton the number oil ahtre7 sold as aiori to ihe pH
lis chaser, aud to deduct the same from tue nanbf
ne shares held by such Delinquent I'll rhoder Hlh
r- Ter OF any banking association shA nvieel
refuse to make the transfer Aforesaid he sh m be gu
he ty of msdeneauori and upon conviction thereof n
forfeit and pay 10 the siae ino o one h'uAno H
in lars and shall be liable to such purchaser n On
la action, for the value ofha shares 80 purchased
lse aforesaid. ,
pa sEoToE Be il ~ tler eiacied as gfgnsn@ ~
Of tbs President cashier OF each bank or bssius w
lid cattn aforesaid, psrlormlng the duties requiel
ais this act, shall be allowed, by way OF cpmenaaon
the their services, commlssoL OF tMO anu ohe'hA.i
ass mum upon the amount Of tax ly them respective
be paid unto the State Treasurer under Inc provsohA
ma. sEcroE A. Be il Jarher en- teed as dfor,said, VI
in case the President Cashier Of any bank or banh
TO association aforesaid 81 all refuse or neglect lor pe
ent Of ten days aer the is required by the pore
Ing of this aot furnish unto the tae Treasurer sl
the ttocshlders sueh bank Or baAking association
ieh areail 10 estimate aud appralse the Naue ~ s
the OF The tAld harea, aud verify tue same undef Oa
ueh rmAtlon required by the second section ol
col act shall neglect refuse TO retain and deduct
n.y. pay from the dividends or prohts VI Tesai
are the said State Tresurer, the amount OF aS uue
the tho said shares then il stal le tie duty Of the p
Treasurer orthWith 10 obtain list OF the stoeshou
nd of the s.id banks banking In titutons wh 80 ff
me, dent Cashier shall have neglected or eiu1td 70
form the acts and duties as aforesaid ana 70 e7uA
ness md appraiss the actual cash value such share
the capital stock, alter giving public notice ny Ad
tisemen unto such delinquent stoekhodefs bY nN
OF newspafe Of the stite or the perp
thin three weeks, proceed to sell by puoe Auron
Do transfer to the purchaser sufficient nunbe oi shi
lng such capital stock belonging to any del nGluht ~
any holder may be required topay the tax de from
any such delinquent stakeholder rep eusey ioss,nS
'r 10 stockholders, and making puSlic'uoh Aha S"s
pre- aforesaid 49,, c.,, .
CIR, the entitled "a act in relation t. National 'nl
such bs Sate passed February TO- 1860 he and ihu A1
year heleby rtpetied- ,,
lent fafs,d At Daver, April s, 1867. ,,,,,.,,.,
m IL JOHN HlCkMAN,
, an. Sp'aker orMe House Of Reprss nttf
the JAMES WILLIAMS,
after, Speaker Of fNe &al