Essex County herald. [volume] (Guildhall, Vt.) 1873-1964, 1890-12-12

whom he or it has received such money, or to
whom such bonds, mortgages, ohuses IN action
securities were negotiated, and the amount
received from each such person, company or
corporation. And whenever any person. agent,
Investment company or corporation shall take
advantage OF this provision, then II shall be the
duty of the commissioner OF state taxes, upon
thus ascertainng the amount of money 50 fur
nished Ia be loaned without this state, or in
vested IN bonds, mortgages chooses IN action and
other securities aforesaid, To assess thereon a
tax of one per cent. against the person, firm
or corporation of whom such agent, person, in
vestment company OF corporation receives such
money, or to whom said bonds, mortgages,
chooses in action or other securities are nego-
hated. And the payment of said tax shall cN
empt the same from all other taxation thereon,
either state, municipal or local, for the period
of one year only. said commissioner shall mo-
uty any such person by mail, of the tax 50
sessed, Immediately after such assessment is
made, and the same shall be payable to the
state treasurer within thirty days from the
time such notice is issued.
Sec. 40. Any person, agent, investment com
pany or corporation refusing neglectng to
comply with the provisions of sections thirty
eight and thirty nine shall be fined not less
than five hundred dollars and not more than
hive thousand dollars In ase such neglect or
refusal shall be by foreign investment COM
pany or corporation, the state shall have a lien
on the bonds uf said Investment counany ar
cornorat;on iled With tbs stat, treasurer ac.
cord;ne tn low Tor any an ar nanoIt,, ,rb;cb
NAV he recovered under this met against smch
foreign Investment company or corporation. 1t
shall be the duty of town grand jurors and
state ttorheys, upon complaint Oeihs maze
sections tbirtv.aiabt ,nJ H., nius If this ,ct
to Immediately investigate the facts concerning
the same and IL tbera ia reasnnahI. avidnnre
of the puilt of any such narsou ayant mr. nfI;rar
such tovn grand Iuror or ,totas nttornav sbaIi
nroaacuta snch narao, o,ant ar ott;car Co. th,,
penalties aforesaid, provided however that
the provisions of sections thirty-sevep thirty
eight thirtv-nina and FORTY ahaiI uot anrlv "a
COMBINATIONS orgapized in this stota that INV,
taxes on their raDital stock nram;nne mr. H.
posits exrent where rho saias az thn ascnr;t;es
mentioned in sections thirtv-sayen th;rtv-.ight
thirtv-n;ne and forty axcaed ,hair nra,,iina do
nosits mr. can;tal stocL and sLaII nnnI,, ,n S,,nb
excess
Sac II The sacrat,rv oF s,at, i, for,,,Io,
inc, iryantor;as CO.. toy-ro,,or, Hi -.
there;n M follo,v;n,, nuest;on. .,XVL,t inans
without tbis stata atncks honds cboaaa in
cotton ,r sncrr;t;ss sc an, III ,,,o,'',,'J H.,
individuals firms: or mnnirnI or other cn; n.y.
porations. withmut This stnts we're held nr
owned l,y Won ON the frst dav sf Anr;l If thn
present year. which Won claim to ba exnmnt
from local tnxation Lerause of STATE taxatinn
thereon and nf What nersop Arm mr. rnrnor,,.
t;on did Won nepotiate or ohtnin the sanao"
Soc - It'sbnu hs IN. dutv ,f tbu Ist,, il,
eucb town IN fully inform thn cnmmiss;onar nf
state taxes of alI' affirmative ANSWERS n,nJn IA
such ouestion
POWER OF COMMISSIONER TO RL-AsSEss.
Sec. I3. The commissioner of state taxes
NAV summon before a magistrat. and examine
upon oath any officer, agent or clerk of n cor
by this act to make returns or nav n tax and
may examine any book of accounts kept by
such corporation, COMPANY, person or persons
concerning all matters as to which information
il reuuired TO carry ont the provisions of this net
Sec, A. ANY such officer, ageat. clerk. per
son or persons who refuses to appear and be
sworn. or To testify with reference ia the mat
ters AZ to which he is required to testify by the
preceding section, or who refuses to show to
the commissioner such books of account shall
be fined not less than five hundred dollars and
not more than five thousand dollars.
Sec ~. If the commissioner of state taxes
finds that owing to the ncorlectness of a return,
or to any other cause, a tax paid is too small
he shall assess an additional tax. sufficient to
cover the deficit, and shall forthwith notify by
mail the parties 80 assessed If such addition
al assessment is not paid within thirty DAYS af-
ter notice. AZ above the corporation company
person or persons on whom il is assessed shall
be liable to the same penalties as for neglect to
pay annual OF semi .nnual taxes.
Sec. II. This act shall not affect the liabili-
ty of companies and persons to pay the tax to
the state already accrued prior TO July /, 1880,
under act number one, laws of lsS2, and amend
ments and additions thereto, in the same man
ner as if this act had not been passed The
first sem-annual period on which taxes assess-
ed by this act shall be based shall be the
period commencing with the first day of July,
Al Al, al
cember, 1870 except as otherwise provided in
this act. The hrst annual period which
taxes shall be assessed by this act shall be the