The Richmond palladium. [volume] (Richmond, Ind.) 1855-1875, 1873-12-13


Sec. 81. Taxes assessed upon such
stock shall be paid by the owners or
holders thereof, in the same manner
and under the same penalties that
other individuals or corporations are
required to pay taxes.
Sec. 50. 1t shall be the duty of every
such bank, or the managing officer or
officers thereof, to retain so much of
any dividend or dividends belonging
to such stockholders as shall be nee
essary to pay any tax levied upon their
shares of stock, respectively, until it
shall be made to appear to such bank,
or its officers, that such taxes have
been paid; and any officer of any such
bank, who shall pay over, or author
ize the paying over of any such divi-
dend or dividends, or any portion
thereof, contrary to the provisions of
this section, shall thereby become Ii
able for such tax.
Sec. 53. Taxes assessed upon shares
of bank stock, in conformity to this
ordinance, shall be and remain lien
thereon till the payment OF such tax,
which lien shall attach on the first
day of January of the current year,
and shall in no wise be affected by any
sale or transfer of such stock.
Sec. 81 Banking, bridge, express,
ferry, gravel road, gas, insurance,
manufacturing, mining, plank road,
savings bank, stage, steamboat. street
railroad, transportation, turnpike, and
all other companies and associations
Incorporated under the laws of this
State, (other than national banks,)
shall, in addition to the other proper
ty required by this ordinance to be
listed, make out and deliver to the
Assessor sworn statement of the
amount of its capital stock, setting
forth particularly:
First-The name and location of the
company or association.
Second-The amount of capital stock
authorized, and the number of shares
into which such capital stock is divi-
dcd.
Third-The amount of capital stock
paid up.
Fourth-The market value, or if no
market value, then the actual value Of
the shares of stock.
Fifth-The total amount of all in
dcbtedness, except the. Indebtedness
for current expenses-excludlng from
such expenses the amount paid for the
purchase or improvement of property.
Sixth-The assessed valuation of all
Its tangible property. Such schedule
shall be made in conformity to such
instruction and forms as may be pre-
scribed by the Auditor Of State. In
all cases of failure Or refusal Of any
person, officer, company, or associa-
ton to make such return or state
ment, it shall be the duty of the AS
SCISSOR to make such return or state
ment from the best information which
| he can obtain. The Assessor shall
then make return of such capital stock
at such value as he may determine
upon, if in his judgment he finds it to
be of greater value than the tangible
property Of such company or associa-
ton, from information he may obtain
from the County Auditor, or else
where. Provided, That in all cases
where the tangible property or the
capital stock Of any such company or
association is assessed under this or
dinance, the shares Of capital stock Of
any such company or association shall
not be assessed or taxed in this city.
This clause shall not apply to the cap
ital stock or shares of capital stock of
banks organized under the general
banking laws of this State.
Sec. IS. The value of the railroad
track" shall be listed and taxed in the
city IN the proportion that the length
of the main track in the city bears to
the whole length of the road in this
State, except the value of the side, OF
second track, and all turnouts, and all
station houses, depots, machine shops
or other buildings belonging to the
road, which shall be located in the
city shall be listed and valued by the
Assessor as herein provided for other
city property.
| Sec. Sc. The Assessor shall annual
| ly Except when the real estate is as.
sessed), at the time Of taking lists Of
personal property, also take list Of
all real estate situate in the city that
shall have become subject to taxation
since the last previous listing of pro-
perty therein, with the value thereof
estimated agreeably to the laws regu
lating the duties of the Assessors il
relation to the assessment of real es
tate, and all new Improvements, build
ings, or other structures of any kind
the value (which shall not have beer
previously added to or included in thu
valuation of the land on which sucl
improvements have been made, O.
| oroo%oI or1 cho11 10 no
turn thereof to the City Clerk, at thu
same time that he is required by Thu
ordinance to make return of persona
property; in which return he shall Sc
forth the parcel of real property OF
which each of such improvement
shall have been made, or structure
erected, and the true value added t
such parcel of real estate by the making
, of such Improvement, or the erection
of such structure, and the additional
sum which it is believed the land Of
which the improvement shall hav
{ been made, or structure erected, vii
| sell for at private sale, in consequence
, thereof, shall be considered the valu
of such improvement or structure; an
in case of destruction by fire, food o
otherwise, of any improvement, build
f ing, or structure of any kind whicl
shall have been erected previous t
the last valuation OF the land on whic
!, the same shall have been, and tn
value of which shall have been adde
| to any former valuation of such lane
: the Assessor shall determine as nea
as practicable, how much less sue
g land would sci! for at private sale
consequence of such destruction; an,
make return thereof to the City Clerl
as in this section before provided i
relation to improvements made an
structures erected.
+ Sec. 81. For the purpose ofenablin
f the Assessor to determine the valu
E of buildings and other improvement
E he is hereby required to enter, wit
, the consent of the owner or occupan
. thereof, and fully examine all BUILD