Bismarck weekly tribune. [volume] (Bismarck, Dakota [N.D.]) 1884-1943, 1890-03-28

OF section 16 Of this act; the real and per-
SOnal property of each company or asSOci-
alton shall be listed and assessed the same
as other personal. property; in all cases Of
failure or refusal of any person, officer,
company or association to make such re-
the assessor to make such return or state
ment from ths best information he can
obtain. ~
SEC. %. BANKERS, BROKERS STOCK N
JoBBERs, HOW AND WHAT THEY SHALL
LIST The accounting officer of every
bank whose capital is not represented by
shares of stock, and every private banker,
broker or stock jobber, shall make out and
aeilver to the assessor. when required to
list personal property, a statement which
he shall verify by oath, showing:
First. The amount Of money on hand or
Second. The amount Of funds in the
haDds OF other banks, brokers or others
subject to draft.
Third. The amount of checks or cash
items, the amount thereof not being in
cluded In either of the preceding items.
Fourth. The amount of bills receivable,
discounted or purchased and other credits
due Or to become due, including accounts
receivable, interest accrued but not due,
ana interest due and unpaid.
Fifth. The amount of bonds and stocks
OF every kind Except United States bonds)
and shares of capital stock of Joint stock
or other companies or corporations, held
as an Investment, or in any way rep
reSentlng assets.
Sixth. All property pertaing to said
business, other h real estate, which real
estate shall be listed and assessed as other
real estate is listed and assessed under this
act.
Seventh. The amount of all deposits
made with them by other parties.
Eighth. The amount OF all accounts pay
able other than current deposit accounts.
The amount of the seventh and eighth
items shall be deducted from the aggregate
amount Of the first, second, third and
fourth items, and the remainder, if any,
shall be listed as money under subdivision
Is of section 16 of this act. According to
the provisions of said section Is, the
amount of the fifth item shall be listed as
bonds and stocks under the said section 16,
n the said sixth item shall be listed
the same as other similar personal property
is listed under this act, except that in the
case OF savings banks organized under the
laws OF this state, the amount of the
seventh M eighth items above enumer
ated shall be deducted from the aggregate
amount of the first, second, third, fourth,
fifth and sixth items also above enumerated,
and the remainder, if any, shall be listed
as credits according to the provisions of
section 16.
SEC. "a. BANK sToCK-WHERE AND AT
WHAT VALUATION TIC BE LISTED.l The
stockholders of every bank located in this
state. whether such bank has been organ
lied under the banking laws of this state,
or OF the United States, shall be assessed
and taxed on the value of their shares of
stock therein in the county, town, district,
city or village where such bank or banking
association is located, and not elsewhere,
uhathpr c,1o6 cfnoyhnIdorc rac;5o -, ..,ol
places or not; such shares shall be listed
and assessed annually, with regard to the
ownership and value thereof, on the first
day of May of each year. To aid the as
SCISSOR in determining the value Of such
shares of stock, the accounting officer OF
every bank shall furnish a statement to
the assessor, verified by oath, showing the
ital stock of such bank, the amount OF its
surplus Or reserve fund, and the amount of
its legal investments in real estate, which
real estate shall be assessed and taxed as
other real estate is assessed and taxed un-
der this act. The assessor shall deduct the
amount of such investments in real estate
from the aggregate amount of such capital
and surplus fund, and the remainder Shall
be taken as a basis for the valuation of
such shares Of stock in the hands of the
stockholders, subject to the provisions of
law requiring all property to be assessed
at its true and full value. The shares of
capital stock OF national banks not located
in this state. held in this state, shall not be
required to be listed under this act.
SEC. Is. BANK TO KEEP AND URN
LIST OF STOCKHOLDERS. In every bank
all times a full and correct list of the
names and residences OF the stockholders,
owners or parties interested therein, show
ing the number of shares and amount held
owned or controlled by each party in in
terest, which statement or list shall be
subject to the inspection Of the officer
alton; and it shall be the duty Of the &C.
counting officer or cashier of each bank or
banking institution to furnish the assessor
with a duplicate copy Of such statement,
verified by oath, which shall be returned to
the county auditor and filed in his Office.
SEC. 26. TAXES ON BANK STOCK TO BE
A LIEN ON DIvIDENDs.] To secure the
payment Of taxes on bank stock or bank
ing capital, it shall be the duty Of every
bank, or managing officer or officers there
of, to retain SO much of my dividend or
dividends belonging to such stockholders
or owners as shall be necessary to pay any
taxes levied upon their shares of stock or
interest, respectively, until it shall be made
to appear to such bank or it's officers that
such taxes have been paid; and any officer,
VI dlly SuCu Uduh VIII Slldll pay OVor OF
authorize the paying over of any such div
idend or a portion thereof, contrary to the
provisions of this section shall thereby be-
come liable for such tax; and if the said
tax shall not be paid. the county treasurer
where said bank is located shall sell such
shares or interest to pay the same, like
other personal property; ard, in case of
of sale, the provisions of law in regard to
the transfer of stock, when sold on execu-
ton. shall aOnlV tn Such sale.
SEC. q. CERTAIN PROPERTY HELD TO
BELONG TO LESSEE OR EQUITABLE OWN
ERR Property held under a lease for a
term Ut three or more years, or a contract
for the purchase thereof, belonging to the
state, or to any religious, scientific or be-
nevOlent society or institution, whether in
.corporated or u~nincOrporated, or to any
railroad company or corporation whose
property is not taxed in the same manner
as other property, shall be considered, for
all purposes of taxation, as the property of
the person so holding the anne
Sec. %. ALL PROPERTY TO BE ASSESSED
AT FULL VALUE-VALUE, HOW DETER
MINED.] All property shall be assessed at
its true and full value in money. In deter
mining the true and full value of real and
personal property, the assessor shall not
adopt a lower or different standard of
value, because the same is to serve as a
basis of taxation; nor shall he adopt as a
criterion Of value, the price at which said
property would sell at auction or at forced
sale, or in the aggregate with all the proper
ty in the town or district; but he shall