Spirit of the age. [volume] (Woodstock, Vt.) 1845-1913, 1882-12-13
Laws Of Vermont.

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IN this a. o. laf at4t W VIC Aslei ahh " seen fttN
III Ihs stats Of luiasa aslla,ss eerl4Alts e et ~
,rul,csie y formulated - " require NsIemesl ~
na,s,,. h de,sImlAs lbs amsual u safh sRaual
ID ,smi,sanul Ias 20 bs paid BY such seH'e''seA'
Ever eeipolaIias, eemPahY, FfNea % 30,
ssa, IsauiIsi NJ this act " Paf t4t W VIC stale Al
Ibs 4ssss u ilfslgR lhsgIAaes eempahlss srstlhta
Ihs ifeeedhg 'se.ea, 1a eay's Issh s ~
,sgulIed 40 with full 4BsweTs " ~ undergraduates
iktIsia CsRalRst, sad shall cause VIC sses 70 y -
IuIasi a. provided " ne lellewlhs Hsusa, hslh
n.nss % died Oul shall be sgRed and sNeg 70 ~ hs
,Iss,uIsI e4shlsT u Chief haaRela oeeI u ne eel
poraIion company " by The person % is's'Ns Assek
he IsiuTR, ~ A., 80, al, go, .... a., q. ,,,.,iA.s
in hs ufeeeiag ssCl0A shall be returned OHe Cspf 70
ihe caiama GReT u stale lsles ana pAs foY v We
ssls Ieasusr annually 10 lhs meath " teelusli lel
Ihe YssI terminating VIII lht ~ nS el peshpt,
FsbriaTy aRA Augus tpI The semi aaRua lsilol lsImi'
ssIns Win Ihs last dAy u Deeembef ~ unt ne, PIE
Ssdns respectively, according 10 TIC subsequent Pc
y1oas II this Aeti and ons tepY shall % Iesehsa ~
Inc corporation company, person " persons masihs
such IsluThs, ......-, ..,..
Sac At the tine Of making a Teluta The corpora
zion. COMPANY, person o. persons making The sane
s,cept agents u foreign Insurance companies, shal
5TwaId 10 The state UeasueI The amount ~ Nc annual
OF ssmi,anguAl Ias TO- TIC ps0sa sesssa p ss,n
eompanies shall be paid BY such COMPANY 70 The Stale
,Tea,ursI within the time limited BY this act
PENALTIES,
Sac O. A corporation, company, person o. lFfsphs
sho.r duiiss II 4 20 make return 10 The eommissohS
of SAFE iasrs who fails 70 do ~ within the tine ~.
auTsd By this Ae shall forfeit 10 the state one hundIed
dollars ior each days neglect 10 make such Itluln
see 8 A corporation, company, person " persons
falling 10 lay the amount VI any annual OF semtanhua
,aa within the time required by this act SHAH Inllsl V
ihr state the sun OF one hundred dollars lol taeh gay
negleei 10 pay the sane after the expiration OF the
sse a. il foreign Insurance company, OF snagent
of foreign insurance company falls 10 make Trluh A.
required BY this act, OF q lolesn lhsuian.e COMPANY
~ H.. u.V tak "a
aet The commissioner Of state taxes shall notify the
INSURANCE commissioners Of tbs state and sueh com
msNoneN shall ihefrupon revoke TIE license OF NSh
Company 10 DO business IN this state, and shall revoke
The ernsss VI all agents Of such company 10 THIS slaie
and nos and publication Of such revocation shal be
made In the same manner A. provided 70 ease Of afe'o'
cation under section I6.I OF the revised laws
SIC. 10, Taxes and penalties IMPOSED by this act
shall be recovered with costs IN an action OF debt
brought In the name OF the state, The commissioner
OF state ave, shall sau.s sven SUI, 70 DC ns's .,
paylng tau The amount u penalties accrued W 10
Inc time Of tnal may be recovered N such suit bu' "
the commissioner Is satisfied that default was OWING 70
the failure 10 receive blanks or Diner unavoidable cause
he NAV remit the penalties accrued and extend TIC
time or making the return OF paying Tar not exceed
Ing thny DAYS
Sac, u. Every corporation, person o. persons own.
Ing or operating railroad In this state whether ~
owner lessee receiver, trustee or otherwise, shall pay
tax 10 the state on the entire efos, earnings o. such
state II such railroad II situated parity within ana
partly without the state the tax shall be upon sueh
proportion Of the entire gross earnings OF sueh afoah
as he mileage OF trains run In this state bears 70 INC
mileage OF all the trains run on the enfc main Inc OF
the road ,,,
Sac "a, The tax upon such earnings shall be rated
according TO the earnings per mile o. road ~ ,hls e
and hereby assessed AZ the rate OF two per cent on
the tts, two thousand dollars mile or to'a earn.
ings II less than tina, sum- at the rate Of three per cent
on the first thousand or part thereof above TWO thou
~. la. ~ 0.tA lailE afE
frs, thousand or part thereof above three thousand dol
lars mile and when the earnings exceed Tour thous-
sand dollars mile q, the the rate OF i've per cent on
all earnings above that sun. ,
annually In the months Of February and August and
shalt be based upon the gross earnings curing le sh
months terminating with the last day Of December or
June next preceding, -
SEc' IA, When railroad Is operated 10 this state by
corporation person or persons by virtue OF lease OF
other contract, the aforesaid tax shall be paid by me
lessee OF such railroad holder OF such contract as the
case may be- and the said shall be charged against
and deducted from any payments due or TO become Que
the lessor OF such railroad or person. persons or cor
poraton granting such contract as inc case may pe
on account OF such lease contract unless IN the pro-
visions Of such lease or contract II Is stipulated ohe'
wise.
INSURANCE. COMPANIES.
SIC IL, Every home or foreign insurance company
or association doing nsur business IN ms STATE
or guarantee company doing business In this state,
shall pay tax to the state, which Is hereby assessed, at
OF premiums and assessments collected In their business
In this state Such tax shall be payable annually in
the month OF February, and shall be based upon the
business Of such company during the year terminating
with the last day Of December next preceding
SIC. I6. Every life insurance company incorporates
by this state SHALL in addition TO the tax assessed oy
the preceding section, pay tax to the state when
hereby assessed at the rate OF one-hali OF one per
cent annually all surplus over and above the neces-
sary reserve computed four per cent on all existing
policies The value Of the real estate owned by such
insurance company shall be deducted from the surplus
Such tax shall be payable annually as provided in the
preceding section.
SEC, ~. In determining the amount Of tax to be
assessed under the provisions OF section hiteen nere
shall be deducted from the full amount OF premiums
and assessments unused balances on notes taken Tor
premiums open policies, all sums paid Tor return
premiums on cancelled policies, dvidehds 70 poney
holders and sums actually paid to other insurance
companies incorporated under the laws OF the state or
to the agents within this state OF foreign companies Tor
Reinsurance on risks, for which tax on the premium
vded that nothing in this section shall be SO con-
strued as to allow dividends in scrip or otherwise IN
stock, mutual mixed companies to be considered
return premiums. -
SAVINGS BANKS, SAVINGS INSTITUTIONS AND TRUST Som-
PANiRs.
SEC. 49, Every savings bank and savings institution
incorporated by this state and dong business heren,
shall pay to the state which is hereby assessed al
the rate Of half of per cent annually upon the
average Of its deposits and aecumulations de-
Quoting thererom the average amount OF It's assets m
amount if any, OF individual deposits in excess Of NJ
teen hundred dollars EACH listed to depostors in towns
in this state where such depostors reside.
SIC. TO- Every trust company and savings bank
and trust company Incorporated by this state and
doing business herein shall pay tax to the state,
which is hereby assessed at the rate OF one per cent
annually upon the average amount OF its deposits m
GLIDING money securities received as trustee under
order Of court otherwise, deducng therefrom suc
percentage such institution pays to the United
States government long such tax is paid and also
the average of its assets invested in real estate
owned by such corporation, and also amount any oil
indiv dual deposits in of fifteen hundred dollars
EACH listed to depostors in towns in this state where
such depostors reside.
SIC 90 The tax assessed by the two preceding sec
lions shall be payable one-half semi annually IN the
months Of February and August, and shall be based
upon the average amount Of its deposits and accumu
lations in case of savings banks and the average
amount OF its deposits in case OF trust companies and
savings banks and trust companies during the s''
months terminating with the last day of December Of
June next preceding No other tax shall be assessed
on such deposits or accumulations in case OF savings
banks or on such deposits in case OF trust companie
and savings banks and trust companies, or agains
the depostors on account thereof, except indiVdua
deposits exceeding in the aggregate hfteen hundred
dollars.
EXPRESS, TELEGRAPH AND TELEPHONE COMPANIES.
SEC. al. Every corporation, joint stock company
person persons doing express business IN tnls st