The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1883-05-03
GENERAL LAWS.
CHAPTER CIVIL


An act to amend article 1854 of title
%, chapter 2, of the revised civil
statutes, providing for the manner
of assessing bankers, brokers, deal
erS in exchange, etc.
SECTION 1. Be it enacted by the
legislature of the state of Texas,
That article 1854, of title 50, chapter
=, of the revised civil statutes shall
be SO amended us to hereafter read as
| follows, to-Wit:
ARTICLE 1854. Every bank, wheth-
er of issue or deposit, banker. broker,
dealer in exchange, or stock jobber,
shall, at the time fixed by this chapter
for listing personal property, make
out and furnish the assessor of taxes
Il sworn statement showing,
1. If a national bank, the president,
or some other office of such bank,
shall furnish to the assessor of the
county, in which such bank is located,
IL list of the names of all the share
holders, together with thenumber and
/ amount of each shareholder of stock,
in said bank; and the shareholders of
the stocks in national banks shall
render to the tax assessor of the coun-
ty in which such bank is located the
number of their shares, and the true
and full value thereof. All shares of
stocks in national banks not rendered
to the assessor of taxes in the county
where such bank is located within the
time prescribed by law for listing
property for taxes, shall be assessed
by the assessor against the owner
or owners thereof as per statement
furnished by the president or other
officer of said bank.
2. National banks shall render all
other bonds and stocks of every kind
Except United States bondS), and all
shares of capital stocks, or joint
stock or stocks of other companies or
corporations held as an investment,
or in any way representing assets, to-
gether with all other personal proper
ty belonging or pertaining to said
bank, except such personal property
as is specially exempted from taxa
ton by the laws Of the United
: States.
3. National banks shall be required
to render all OF their real estate, as
other real estate is rendered, and al
} the personal property of said national
, banks herein taxed shall be valued as
other personal property is valued.
t. AL OUl1Cl OClhhc, blOhClS
or dealers in exchange, or stock Job.
bers, shall render their list in the
manner following: l, the amount of
: money on hand, or in transit, or in
the hands of other banks, bankers
brokers, or others subject to draft
whether the same be in or out of the
state Except United States treasury
notes0 2, the amount of bills receiva-
| a inf n6 Ira6 q
other credits due or to become due
including accounts receivable, interest
accrued but not due, and interest due
and unpaid; 3, from the aggregate
amount of the items named in the
first and second of the last two subdi'
visions shall be deducted the amount
of money on deposit; 4, the amount OF
bonds and stocks and stocks of every
kind Except United States bonds,
, and all shares of capital stocks or joint
:, stocks of other companies or corpora
, lions held as an Investment, or in any
= way representing assets; 5, all Other
property belonging or appertaining tt
said bank or business, including
both personal property and real es
! tate, shall be listed as other persona
property and real estate.
/ DEC. z. w nerettS Inc dSSoSSOTS dTS
= now assessing taxes for 1883
and, whereas, the present law defin
ing how national and other bank:
shall be taxed is very defective, there
S fore an imperative public necessity
e exists. requiring the suspension o
: the constitutional rule. which re
n quires bills to be read on three severa
e days in each house, and the same i
e hereby suspended, and that this &C
i take effect and be in force from ant
: after its passage; and is enacted.
f Approved April IA, 1883.
0 Takes effect from passage.
o