The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1874-05-27

other State or country, as we'll as il
this Static, shall not.be required t
return it's capital for taxation in thi
State, but shall return such propert..
as it owns in this State, and such pro
portion of the value Of its other prop
erty as, if owned by the individua
residents of this State, would be tax
able in this State and if such return
be made by such company, the share
holders therein shall not be required
toIreturn their shares for taxation.
Beo. :29, A corporation organize'
under the laws of this State, but own
ink no property in this State, shal
nJt be required to return its capita
fol taxation.in this State.
Sec. 80. All companies and corpo
rations, whether organized under tn
laws of this State or not, the manneI
of, listing whose personal property ii
not otherwise specially provided fol
by law, shall list for taxation all thei
personal and real property and effect'
at the same time, in the same manner
and in the same localities as individu
ais are required to list similar property
and effects for taxation.
Sec. 80. Any company incorporated
under a joint charter granted by
this and some other State or States
and the manner of taxing which, OF
the amount upon which it shall be
taxed, or the specific proportion o
Its capital or property upon which
taxes shall be assessed in South Caro-
| lima is prescribed or fixed in it's char
ter, shall be assessed for taxation anc
taxed as prescribed in this charter
until otherwise legally provided.
Sec. 80. All shares of the stock
holders in any bank or banking asso
ciatirtion, located in this State,
whether now or hereafter incorpora
ted or organized under the laws oi
this State or of the United States
shall be listed at their true value in
money, and taxed in the city, ward
town or incorporated village where
such bank is located, and not else
where: Provided, That the words
"true value in money" as used in line
three and four of this section, shall
be so construed as to mean and include
alfsurplus or extra moneys, capital
and every species Of personal property
Of value owned or in the possession
of any such bank.
Sec. 80. The real estate Of any such
bank or banking association shall be
taxed 10 the place where tie same
may be located, the same as the real
estate of individuals.
Sec. 81. There shall, at all times, be
kept in the Office where the bank or
banking association is transacted, a
full and correct list of tho names and
residences of the stockholders therein,
and the number of shares held by
each; also list of all persons, par
ties, corporations or agents who may
at any time have any deposit, either
personal or general, in such bank,
which shall be at all times during
business hours, open tothe inspection
of all State and county officers who
are, or may be, authorized to list or
assess the value Of such shares for
taxation.
Sec. 30. It shall be the duty of the
president and cashier of every such
bank or banking association, between
the first of July and twentieth of Au>
gust, annually, to make out and re-
turn, under oath, to the auditor of the
county 10 which such bank or bank.
ing association may be located, full
statement of the names and resi-
dences of the Stockholders the. elm,
with the number Of shares held by
each, and the actual vs:.iiue, in money,
of such shares: together with a de-
scription Of the real estate owned by
said h:.uk,
Sec. Sc. The auditor of the county
in which any such bank or banking
association may be located, upon re-
ceiving tho return provided for in the
thirty-ffth section of this act. shall
deduct from the actual total value of
the shares in any such bank or bank
ing association, the appraised value of
the real estate owned by such bank
or banking association, as the same
stands assessed on the duplicate, and
the remainder of the total value Of
such shares shall be entered on the
duplicate of the county, in the name
of the owners thereof, in amounts pro-
portioned to the number Of shares
owned by each, as returned on said
sworn statement, and be charged with
taxes at the same rate as charged
upon the value of other personal
property, at the place where such
bank association is located.
Sec. 81. Any taxes assessed on any
such shares Of stock, or the value
thereof, in manner aforesaid, shall be
and remain lien on such shares from
the first day of July, in each year.
until such taxes are paid and, in ease
of the non.payment of such taxes, at
the time required by law, by any
shareholder, and after notice received
of tho county treasurer of the non.
payment of such taxes, it shall be
unlawful for the cashier, or other off,
Ger of such bank or banking associa'
ton, to transfer, or permit to be
transferred, the whole, or any portion
of said stock, until tho delinquent
taxes thereon, together with the costs
and penalties, shall have been paid in
full and no dividend shall be paid on
any stock so delinquent, 80 long as
such taxes, penalties and costs, or any