The Middlebury register. [volume] (Middlebury, Vt.) 1850-1882, 1869-11-30

An act providing for taxing stotk in
trust companies and other moncyed
corlH atoms organized, or which may
he orEanizcd under the laws of this
S'to
Af' IN oDucitI SC,
Sc, |. 1t shall be the duty of the
cashier, clerk or executive officer, by
whatever name he may be called, of all
trust companies or other moneyed cor
poratiuns organized, or which may be
organized unler the laws Of this State,
to transmit to the clerks of the several
towns and cities in this State, in which
any stock or shareholder of such trust
COMPANY or other moneyed corporation
may reside, a true list Of the names OF
surh stock or shareholder, with the
nun,lrr of shares standing against the
name of .aeh stock OF shareholder onf
the books of such trust company or
other uoncyed corporation, togetheri
with the amount of money paid in on !
each share, on the first day OF April on
each wear hereafter, on or before tho
fifteenth DAY Of April in each year.
Sec. >. The stock and shares OF all
such trust companies or other monled
cnrpnrations, shall be set in the list and
taxed in the same manner that the stock
in the several banks in this State, which
are chartered under the authority of
this State, are liable to be taxed by the
existing laws thereof.
Sec. 3. If any of the stock of such
trust company or other moneyed cor
poration is owned by, or stand in the
name of any person residing out OF this
State. it shall be the duty of the cash
iers, clerks or executive officers by
whatever name called, OF such trust
companies or other moleyed corporation
| to transmit to the clerk of the town or
city in which such trust company or
other moneycd corporation is situated,
| the names of all such non resident stock
OF shareholders, with the number OF
shares standing against the name Of
each of such stock or shareholders on
the books of such trust company or
other moneyed corporation, together
with the amounts Of money actually pali
in on each share, on or before the fitteeth
of April in each year, and it shall be the
duty of the listers to set said shares or
stock in the list of such town or city 10
the person or persons in whose name
such shares stockor hall stand.
Sec. 4. Whenever the collector IN
any to,v, mr. CITY in which sucn trust
company or moneyed corporation Is
situated, shall have tax against any
stock or shareholder in such trust com
ponv mr. other monyed corporation, VINO
i n1t a resident of this State, 1t shall be
the 1utv Of the cashier, clerk, or sxecu-
1.-Two nicer of such trust company OF
other moneyed corporation, upon pre-
an,ation of such tax to him by such
,,iIcctor. TO pay the same, and charge
tho same to such stock or sharehoiuei,
n thc hooks IF such trust company or
',hrr moneyed corporation; and the
.,ork of such stock or shareholders, ana
nj J;vidend. due or becoming due upon
.ha same. shall be holden to such cor
noration for the payment OF such tax
Sec. 5. If any cashier, clerk or
o,hcr executive officer shall neglect or
rsfnsc TO make returns to any towns or
c;ties in this State, as provided IN 'hs
act he shall forfeit and pay to the
treasurer of such town or city for the
henefit of such town or city, the sum OF
five hundred dollars, to be recovered py
an action on the case in the name Oh such
treasurer founded on this statute.
See. G. All acts and parts Of acts
inconsistent with the provisions OF tins
act are hereby repealed,
Approved Nov. Is, 1863