The weekly register. [volume] (Point Pleasant, Va. [W. Va.]) 1862-1909, 1870-10-06

son. EXCEPT in cases whore said corpora
tons have provided otherwise by an ex-
press contract Provided, That the tax
upon The dividends Of insurance companies
shall not be deemed duo until such diyi-
dends are payable, either in money OF
| otherwise; md chat the money returned by
mutual insurance companies to their poll.
cy.holders, and the annualor somi-annualf
interest allowed or paid to the depositorsi
| in savings banks or savings institutions,
shall not DO considered as dividends; and
that when any dividend is made, or inter
est as aforesaid is paid, which includes any
part Of the surplus or contingent fund OF
auy CORPORATION which has been assessed
and the tax paid thereon, or which includes
any part Of the dividends; interest, or ccu-
Don received from other corporations whose
officers arc authorized by law to withhold
per centum on the same, tho amount Of
tax SO paid on that portion Of the surplus
or contingent fund, and tho amount Of tax
which has,been withheld and paid on diyi-
Gends, interest or coupons so received,
may be deducted from the tax on such,
dividend or interest.
SBc. 1S. ARa 3eit tietfgr enacted, That
every person having tho care Or manage.
ment Of any cprpolption liable to be taxed
under the last preceding section, shall
make and render to the assessor or assist
ant assessor of the district in which such
person has his Office for conducting the
business of such corporation, on or before
the tenth day Of the month following that
in which any dividends or sums Of money
become due or payable as aforesaid, a true
and complete return, in such form as the
Commissioner Of Internal Revenue may
preribe, Of the amount Of income and prof
its and of taxes MS aforesaid; and thcre
shall be annexed thereto declaration Of
the president, cashier, or treasurer Of the
corporation, under oath, that the same
contains true and complete account Of
the income aud profits and of taxes as
aforesaid. And for any default in the
making or rendering ofsuch return, with
such declaration annexed, the corporation
| so in default shall forfeit, as apenalty, tie
sum of apc thousand dollars; and in case
Of any default in making or rendering said
return, or of any default in the payment
Of the; tax as required, or Of any part
thereof, the assessment and collection Of
tho tax and penalty shall be in accordance
with l6e general provisions Of law in ether
case of heglect and retusal
so lid De- 4 fliyillc aaaeie3 Mud
/ dfed and .Hcl4
ltwenty-tsEo, and Que sllpndFad ae3 svogJy-
Three of.the act OF ] une thirty eigateea'
minded and siSty-Eour, entitled An act
to provide internal revenue tessppport The
eoYe,nm to pay interest on the publig
debt. and for pthor!purposes," as amended
BY tho act of July thirteen, eighteen hun
bred anu sixtSlsii3. and the act of March
two, eighteen hIadfed and sixtyseycp,
shall Be construed to impose the taxes
therein nienti6hedto the Gfst.day of Aug
.list, eighteen hundred aud seventy, but
after that datc no further taxes shall ba
levied or assessed under said sections; and
oil acis and parts Of acts relating to the
taxes herein. repealed, aud that oil tho pro-
visions Of said acts, shall continue in full
force for ;lovyiig aud collecting all taxes
properly assessed or liable to be assessed
Of accruihg Under the provisions Of former
acts, or drawbacks, the right to which has
already accrued or which may hereafter
accrue under said acts, and for maintain
ing and continuing liens, tincs, penalties,
and iforfeitures incurred under and by yir-
tue thereof. And this oct shall not be
construed To- affect any act done, right ac-
crued, or penalty incurred under former
acts, but every such right is hereby saved;
And for carrying out and completing oil
proceedings which have been already
commenced or that may be commenced to
enforce syoh Gucs, penalties, and forfeit
ures, or criminal proceedings under said
acts, and'for the punishment Of crimes Of
which any party shall-b or has been found
guilty: ..'''.-. .:,..:'. -. \,
the President is hereby authorized to an;
mex 10, and unite with each other, two or
more adjoining collection districts, when
ever in bis opinion it will reduce the ex-
penses of collecting the internal revenue,
without impairing che efficiency of tho
service; and .thereapop shall retain but one
collector aud one assessor for such eilar-
ped district. And the President is also
authorized to consolidate 10 like inanner,at
his discretion, any two OF, more adjoining
supervisors districts, aud 70 retain or ap.
point one supervisor for such consolidated
district. -
SIC. 10: Au1be il further enacted, Tba.
as soon as practicable after tho passage Of
this act the number Of assistant assessors
employed shall be permanently feddcod;'by