The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1870-02-09

ize, To sun,n,,, ..,.rore him acy person or person
and require answers, under oath, to any ques
tions relative to the properly anu alalrs ol an !.
person, firm. company, Ut u9'p"aaton, NJ, VIII =
oath he may administer, n any ao, pH. horop
persons shall refuse or neglect - appear oeior
sad city appraiser, or to answer An, ques1,o ',,U y
put to him or them, as aforesaid, he or the, sla
be suhjec; TO penalty OF fifty dollars, and IL IL
or they shall answer any Question, as aforesaid
to like penalty Of fifty dollars
SEC. IS. Each agent In this city OF any ilsur
ancc company, organized under the laws OF any
| other State or country, and doing business II
this State, shall an nnuay, In the month of January
or before both of February. return to the city ap
praiser q sworn statement OF the gross receipts o
! such agency for the year entlnT OIL the lrst day.
Of that mouth, including all notes. accounts, ant
| other things received or agreed upon aS a com
| pensaion for insurance at such agency, together
| with all the value OF any personal property o
| said company situate at snch agency ami tht
company SHALL be charged with taxes ut tile place
| Of said agency on the amount so returned; ant
the AGENT shall also be personally responsible FOL
| such taxes, and may retain ID his hands sulli
! cient amount OF the company's ASSETS to pay tht
same, unless the same Shall be paid by tic com
pany.
SEC 10. Any company or corporation organized
| In this city, and owning property In any other
State or country, as well III III this city, shall moi
| bc required tn return It's said property for taxa
tion In this CITY, but shall return such property as
a
value If its other property as II owned by indi.
vidual residents Of this city, would be taxable In
this city: and if such return be made By such
company, the shareholders therein shall not be
required TO return their shares FOR taxation.
SEC. 90. A Acorporation organize, under the laws
of this State and located In this city, but owning
no property in this city, shall not be required tO
return It's capital for taxation In this city.
SEC 81. Every insurance company organized
under the laws OF this State, and located in this
city shall return all It's personal property, monies,
credits, (iuculng notes taken on subscriptions OF
stock,) Investments in bonds, stocks, securities
and assets OF every KIND FER taxation
SEC. %. All companies and corporations,
whether organized under the iaws-of this State
or not, the manner Of listing whose personal pro-
perty is not otherwise speclllcay provided for by
perty aud effects at the same time. in the same
manner, and in the same localities as individuals
are required to list similar property and ELECTS
for taxation.
SEC. 23. An shares OF the stockholders In any
bank or banking association, located In tllis city,
whether now or hereafter Incorporated or organ
lied under the laws OF this State. or OF the United
States shall be listed at their true value in money,
and taxed.
SEC. "a. There SHALL at all times, be kept In the
office where the business OF such bank or banking
association is transacted fu and correct list OF
the names and residences or the stockholders
therein. and the number OF shares held by each,
which shall be at all times during business hours,
spen to the inspection OF all officers who are, OF
may be, authorized 10 lSL OF ASSESS the value OF
such shares for taxation
SEC 25, It shall be the duty OF the president
and cashier OF every such bank or banking asso-
ciation, between first Of January and 10th OF Feb
ruary annually, TO make out ana return, under
OATH to the city APPRAISER S @ OF tine
with the number OF shares held by each, and the
actual value IN money OF such shares, together
with description OF the real estate owned By
said bank.
SEC. 20. The city appraiser, upon receiving the
return provided In the 18th section OF this or
dlnauce, shall deduct from the actual total value
OF the shares in any such bank or banking asso-
tien the appraised value OF the real estate owned
by such bank or banking association. as the same
stands assessed, OH his books, and the remainder
OF the total value Of such shares shall be entered
OH his bueks In the names OF the owners thereof,
In amounts proportOncd to the number OF shares
owned by each, as returned on said sworn state
ment. and be charged with taxes at the same
rate as charged upon the value oil other personal
SEC. Il. Any taxes assessed on any such shares
OF stock or the value thereof In manner al0re-
said, shall be and remain lien on such shares
from the first day Of January, In each year, until
such taxes are paid; and In case el the non pay
ment OF such taxes ut the time required by law
nv any shareholder, and after notice received or
the city treasurer OF the non-paJment OF such
taxes, It shall be unlawful ar tne cashier or o.her
transfer or permit to be transferred, the whole
or any portion OF said stock uutll the delinquent
taxes thereon, together with the costs anu penal.
ties shall have been paid In fulli ana no DIVIDEND
shall be maid on any stock so delinquent 80 long
rs such taxes. penalties and cssts, or any part
thereof, remain due or unpaid.
SEC 2S IT shall be lawful for any such bank or
banking association 10 pay to the city treasurer
the taxes that may be assessed upon Its shares
rs aforesaid, In the hands OF It's sharenolder9 re-
spcc!lvely, and deduct the same from any divi-
dends that may be due, or may hereafter become
due, on any such shares, or deduct the same from
DOSseSqOQ belonging
shareholder as aforesaid.
SEC. 20. II any bank or banking association
shall fail to make ont and furnish to the city ap-
traiser the statement required by the 25th section
of this ordinance within the time required here
in, IL shall be the duty Uf the said city appraiser
To examine the books OF said bank or banking as-
ISOLATION; also. to examine any onicer or agent
thereof under oath, together with such other per-
suns az he may deem proper, and make out the
statement required by said 25th section, and en-
ter the value OF said shares on his book for taxa.
tion. ANY bank officer falling to make out anu
wlllully making q false statement rs required In
the 25th section OF this ordinance. shall be llahle
to q penalty or one hundred dollars, toScther
with all costs and other expenses incnrIe by the
appraiser or other proper officer In obtaining
such statement aforesaid.
SEC 80. All uuIncorperated banks and bankers
SHALL annually, between the lst OF January aud
goth February, make out and return to the City
appraiser, under oath OF the owner or principal
oiiiccr or manager thereof, q statement setting
forth:
1sr. The average amount OF notes and bills re:
cevahlee ee,hscounIed or purchased in the course OF
busnessb by such unlncorpurated BANK, banker OF
bankers, and considered good aud collcctabie.
I'd. Tile average amount OF accounts recelrahlc.
3D. The average amount Of cash and cash Items
i'm possession or III transit.
4lh. The average amount OF al Kinds OF STOCKS
bonds or evidences OF Indebtedness HE'LL rs III
ycstmrnt, or in any way representing assets.
9TH The average amount Of zeal estate ut It's
assessed value for taxation.
6tl The average amount or all deposits madc
with them by other parties.
1th. The average amount or accounts payaDle,
exclusive OF current deposit accounts.
Sih. The average amount OF government anu
other securities, specifying the Kind that arc cX.
cu,pt from taxation.
oih. The amount Of capital paid In or employed
In such banking business, together with tho
number of shares or Proportional interest each
shareholder or partner has In such association or
partnership. a.,
From the aggregate sum OF the first five items
above enumerated, the said city appraiser shall
deduct the aggregate sum Uf the nth, SIKH,
seventh aud eighth Items, anu the remainusr
thus obtained shall be entered on the books or the
CITY appraiser in The name OF such bank, banker
Ur bankers and taxes thereon snall be assessed
and paid the same as Is provided Tor other proper
ty as assessed and taxed in the CITY,
SEC 81. The average provided for In the pre-
cellinv section shall be obtained by adding to.
gcthcr the amounts OF each item above specified,
owned By or standing On the books of such bank,
banker or bankers on the first day OF each month
OF the year ending the first DAY OF January, IN
the year In which the return Is made, and dlvid-
ing The same by the number OF months In the
year: Provided, That In cases where such BANK,
banker or bankers commenced business during