Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1883-04-12
CHAPTER BIB.

Approved March Is, l>o3-
Chapter BIB.
Az ACT providing for the taxation of Telephone
Be Il enacted &c. as follows:
SECT. |. Every telephone corporation. company
or person doing bu siness within the limit. ~ ts
safe, shall annually pay into the state raN
OF TWO and one-hali per cent the value OF any tel
ephone lire owned by said corporation. company
or person within the limits OF th, state including
allpoes, wires, tnsul ators usasmitters telephones
batteries, instruments, telephone apparatus Office
furniture, and any circumstances or conditions
which affect the value OF the property.
SECT. = Every such corporation, company or
person shall annual ly, on or before the nlteenth
uay OF April return to the secretary OF state under
oath OF its superintendent, the amount anu value
OF all the property enumerated in section one.
owned by it within the limits AZORES aid on the first
DAY OF April annually. and the governor and coun-
cil shall determine said values and assess said tax
thereon on or before the frstday of May annually.
The secretary OF state shall there upon certify said
assessment to the state shall forthwith
notify the several parties assessed thereof SAID tax
shall be paid into the treasury before tie hr-t
day OF Septem Der annually, aad shall be IN len OF
ali state or municiIal taxation any property or
shares of said corporations, companiessor person.
SECT. 3. ANY corporation, company or ueTson
neaiecting TO make the returns required by tins act
shall forfeit twenty-five dollars per day Tor every
days neglect SO to do, TO be recovered v an action
OF debt in the of the stat, the governor
council shall proceed 10 make said assessment on
sucn valuation a. they think just with such evidence
as they may be able TO obtain, and such
shall be final. And il any corporation, company or
person fails to pay the tax required by this act the
OF debt IN the name Of the state for the recovery of
the same with interest.
SECT. 4. This act shall take effect when approved.
approved March Ii. 1885,
Chapter 3Il.
AN ACT amendatory of and in addition 10 chapter
seventy-four OF the public laws of eighteen hul-
bred and seventy-eight, entitled can Act in rela-
ton to the insoyen MT laws of Maine, ana acts ai-
ditiona thereto and amendatory thereof
Be IL enacted. dc. asfoows:
SECT. |. In all cases OF proceedings Tor compost
ton where debt arises on n bill OF exchange
promissory note, If the debtor shall be ignorant of
the holder OF any such bill of exchange promissory
note he shall be required TO state the amount of
.uch hill or note the date which it falls due the
name OF the acceptor, and of the person to whom it
is payable, and any other particulars within his
knowledge respecting the same and the Insertion of
.ucn particulars shall be deemed sufficient descrip-
ton by the debtor in respect to such debt. any
creditor named the debtors schedule of debts cam
not De found or shall refuse accept the percentage
due MIN under proceedings for composition, il shall
be lawful tor the debtor deposit in the amount
OF such percentage in money. and such deposit so
made shall be taken and deemed to be security tor
such debt. If any such creditor. at the expiration
OF six months after said deposit fails to prove his
claim and accept said percentage, the court may
order the same to be repaid TO said insolyent, af
ter notice to said insoyent, make such distribution
OF said deposit as justice may require. No discharge
composition, unless the judge is satisfied tha the
debtor has either paid or secured the pefcsn'ase,
named In his composition agreement, % az me
creditors whose names appear in the scneuuio an
nexed to his affidavit ss.,.
SEsr.2. No dividend shall be paid or eeciarea
without the approval of the court to be OF
record The register shall give notice, OF not less
than five DAYS 10 all creditors named IN VEG syhed
uIe of debts of all dividends declared, anu shS re-
ceiye the same fee for other nouces.
So 3 when it appears to the satisfaction of
the Judge of any no delivered tie
sjonce any part of his property estate Viii CHI ia
not exempt under the provisions of said act, the
judge Of said court may, upon application and af-