St. Johnsbury Caledonian. [volume] (St. Johnsbury, Vt.) 1867-1919, 1881-01-07

tnls ae d pom ss az OF
gross amount OF ali such receipts for Geographic
lrst DAYS Of July of each year to be paid annually
by said company TO the State Treasurer on or before
the first day Of August OF each Of said years which
snail be In lieu OF all other taxes upon Its lines
and personal estate used exclusively In Geographic
business In this Stale but when any such COM
pany shall fail to make the said returns to the State
on or before the day named In this sec
ton for doing, the said company shall forfeit and
pay the State W Hen of sail the ~
Thousand dollars and the of suit TO be recover
ed In an action Of debt In the name Of the State
against such telegraph company, in the county
court in any county in this State, through which It's
Approved Dec. "a, 1880,
No. SAN Act relating to the taxation of stock in
corporations.
II IA hereby enacted, etc:
SEQ. l. Shares Of stock In banks steamboat and
transportation companies, trust companies. money
ed or other corporations whether named In this sec
TON not-except railroad corporations zshall be
set In the list like other personal estate to the owner
thereof, In the town where he resides II he resides
In the State otherwise in the town where the corpo-
ration or company Issuing such stock has Its prnci
pal place OF business.
Sec. . Taxes assessed on such stock OF non-re-
sdents shall be paid by the corporation or company,
and II shall hold such stock and the dividends
thereon as security for such payment, and may de-
such Shareholders.
Sec s. The cashiers Of banks organized under
the laws OF this State or Of the United States and
OF the executive officers, by whatever name called
Of steamboat and transportation companies, trust
companies, moneyed and other corporations, ex-
cept railroad corporations, shall annually on or
before the fifteenth day Of April transmit TO the
clerk OF each town IN which shareholders In any
such corporation or company reside list Of the
names OF such shareholders. with the number Of
shares standing in the name Of each on the first
day OF April and the amount paid In on each share
and shall, In ike manner, transmit to the clerk OF
the town where the corporation or company has Its
principal place of business, q list ef the shares
standing In the name OF persons residing out OF the
| State.
Sec. 4. Stock held as collateral security and
which has been transferred upon the books OF the
corporation, shall be returned rs provided In the
preceding section, by the clerk or secretary OF the
corporation 10 the clerks OF towns where the
owners of the stock reside or If they reside out of
the State TO the clerk of the town where the corpor
| alton has its place of business.
Sec 8. person who does not make the re-
| turns required OF him In the two preceding sec
| lions, shall be fined i've thousand dollars. TO be
recovered in an action on the case by the town TO
| which such return ID required to be made.
Sec. 9. In assessing stockholders for stock In q
manufacturing corporation or company, the value
Of Its real or personal estate represented by such
stock and taxed In this State or elsewhere, shall be
deducted from the whole value of Its stock and the
remaining value only shall be taxed and In assess
Ing for stock in all other corporations the value of Its
real estate taxed in this State or elsewhere shall
be deducted from the whole value of its stock, and
the remaining value only shall be taxed
| Sec I. Any corporation whose officers neglect or
refuse to make the returns required by this act shall
forfeit ana pay to the town to which such return
should be made the sum OF five thousand dollars to
be recovered by the first person suing for the same
In an action founded upon this statute in the name
Of and for the benefit OF the town.
Sec 8. Sections seventeen thirty-nlne, forty-nve
and forty-sx OF chapter Gig htythree of the General
Statutes number six of tho acts of 1865, number
twenty-five of the acts OF 1869, humber forty
Of the laws OF 1870, number eight OF the laws of
1874. and all Of section one Of number Six of the
acts of 1874, after the word "empoyed" IL the
| eighth line are hereby repealed.
| Approved Dec. "a, 1880.
No. si--An act exemptlng certain property from
taxation.
| II is hereby enacted, etc.
Sec. l. A building, or building and real estate
attached, owned by post of tho Grand Army of
the Rennhllc and used for the nnrnnan tho noat