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

value of said shares on the duplicat
for taxation. Any bank officer failin
, to make out and furnish: to the count
, auditor the statement, or willfull
making o false statement, as require
in this act, shall be liable to q fine no
exceeding one thousand dollars, tx
gether with all costs and expense
incurred by the auditor or othe
proper officer in obtaining such state
ment aforesaid.
Sec. 40. All unincorporated bank
and bankers shall annually, between
the first of July and 30th Of August
make out and retufn to the auditor Q
tho proper county, under oath of tn
ownsr or principal officer or manage
thereof, statement setting forth:
j lst. The average amount Of note
and bills receivable, discounted o
purchased in the course of busines
by such unincorporated bank, banke
or bankers, and considered good ant
collectab:e.
I'd. The average amount ofaccount
receivable.
Sd. The average amount of casl
items in possession or in transit.
4th. The average amount Of 81
kinds of stocks, bonds or evidences o
indebtedness held as investment or il
any way representing assets.
9Th. The average amount OF rea
estate, at it's assessed valuation fo1
taxation. ' ~ iE
9Th. The average amount of all de
posts made with them by other par
ties.
9TH. The average amount of ac
counts payable, exclusive Of current
deposit accounts.
9th. The average amount Of gov
ernment and other securities, specify
ing the kind that are exempt from
taxation.
9Th. The amount of capital paid in
or employed in such banking bust
ness, together with the number @
shares or proportional interest each
shareholder or partner hasin such as
sociation or partnership.
From the aggregate sum of the
first five items above enumerated, the
said auditor shall deduct the aggre
gate sum of the fifth, sixth, seventh
and eighth items, and the remainder
thus obtained shall be entered on the
duplicate Of the county in the name
of such bank, banker or bankers, and
taxes thereon shall be assessed and
paid, the same as is provided for othe,
property as assessed and taxed in the
same city, ward, town or incorporated
village:
Sec. Al. The average provided fol-
in the proceeding section shall be OBJ
tained by adding together 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 tho year end
ing the last day of June in the year
in which the return is made, and di'
viding the same by the number Of
months in the year: Provided, that
in cases where such bank, barker or
bankers commenced business during
the preceding year, the division shall
be made by the number of months
elapsed after the commencement OF
such business Provided, that all fiac.
tions Of a month shall be counted as
q month.
Sec. AZ. Every company, association
or person not Incorporated under any
law Of this Sta.e, or Of the United
States, fSr banking purposes, who
she'll keep an Office or other place OF
business, and engage in the business
Of lending money, receiving money
on deposit, buying and selling bullion,
bills of exchange, notes, bonds, stocks
or evidences of indebtedness, with a
view to profit, shall be deemed a
bank, banker or bankers, within the
meaning of the provisions OF this
act.
Sec. 43. The county auditors shall
have the same powers to enforce cor.
rect returns from bank officers and
bankers, to examine witnesses and en-
force their attendance, and have the
same aid of tbs court of general ses.
sions of the county, as is provided by
law IN cases where individuals fail to
list their property for taxation, or arc
suspected of having made false re-
turns; and in all cases Of failure to
make returns under this act, or in
case OF false return by any unineor-
porated bank, banker or bankers, the
auditor shall ascertain the true
amount, as near as may be, add fifty
per cent. penalty thereto, and charge
The party or parties with the taxes on
the amount 80 ascertained by him,
with the penalty aforesaid; but in
cases of unintentional mistake in
making tho return, the true amount
only shall be charged against the par
ties, without penalty.
Sec. A. Every pawnbroker, person
or company, engaged in the business
of receiving property on pledge, or as
security for money or other thing ad'
vanced to tho pawner or pledger
shall, annually, in the month OF July
or before the 30th Of August, return
under oath, to the auditor of the
county in which his place of business
is located, the average monthly value
of all property pawned or pledged te
him during the year ending July Isl
of the year in which the return sha!
be made, or, If engaged in the busi
ness for less than year prior to said
first day of July, then fcrsuch shorter
nS,a ohon ha I,