Evening journal., 1893-04-28

Judgments, recognizances and decrees
for the payment of money. All judg-
ment notes and certificates of indebted
ness, except such as are given in good
faith for goods sold and delivered, for
wages, and such Judgment note or
other evidence of indebtedness, as may
be- given for short periods In the course
of business and not used OF intended as
Investments. All alienation bonds
bearing interest, or when the interest Is
included In the body thereof. All In.
terest bearing loans to any person,
hrm, company, limited partnership, bank,
banking association aud corporation OF
whatsoever kind. whether doing busI
ness In this state or elsewhere Pay
ment Of interest in advance, or adding II
to the principal shall ia no case exempt
the lender or creditor from the payment
of the tax.
The following are excepted and ex
cluded from the operation Of this act
All loans and evidence of Indebtedness
of the United States, OF the state OF
Delaware, or Of any Of the counties
thereof, OF religious or benevolent asso
Citations. whose real estate Is by law
exempt and OF such other securities as
are now exempt by express provision of
/
manufacturing companies, when their
real estate is expressly exempt by law
All stocks In educational, charitable or
benevolent institutions, whether incor.
porated or not, and all Investments by
saving banks aud shares Of building and
loan association and investments made
by them
Section All classes Of property
herein named and made subject to taxa.
tion, shall be assessed and taxed, whether
the same be situated In this state or
elsewhere, or whether the same be held
as owner, or In trust for the owner In
any capacity whatsoever, and the person
owning, holding or controlling the same
shall be required to make returns thereof
TO the assessor Of his hundred, showi z
distinctly where the same is situated
owned or held, and the owner thereof.
And when such returns are received by
,the assessors, they shall be arrsigned
alphabetically ia the list Of other taxable
property Provided, however, that any
investments liable to assessment and
taxation by this act, which are taxed in
any other state or county, are expressly
exempted from the provisions of this
act
Section The president and secretary
of all corporations and association liable
TO taxation under this act, shall on the
first day Of February In each year make
their respective returns under oath to
4 the assessor of the hundred In which the
a principal Office or business place Of the
corporation or association Is situated
which returns shall show the whole
number Of shares In each OF said corpor
/, alton or association, the market value OF
T each share and the aggregate market oi
a real value Of all the shares, with tn,
name of the owner and the number o.
shares owned by each respectively.
Section Any officer Of any corpor
e alton or association failing TO max
J. return or report as herein required, shal
r bs guilty of misdemeanor; and upon con.
"a viotion thereof, shall pay fine Of no
less than ten, nor more than five hun
dred dollars, or be imprisoned not les
q than ten days nor more than six months
Section The intention Of this Rc
O being to tax the owners aud investors o
% capital, and not the borrowers or debtors
therefore, every individual person, cor
poration. company or association what
/ ever and every officer thereof, asking
d demanding, contracting for or receiving
any money or consideration whatever OF
10 account Of said tax. 10 reduction thereo
or otherwise, or who shall by any devie
l. whatsoever impose or try to impose
II such tax or any part thereof upon an,
debtor whomsoever, under any pretex
- whatsoever, shall be guilty Of = misde
y meanor, and shall upon conviction
D thereof, be fned In any sum not les
than 800 nor more than $1,000 an'
, costs
N Section Z Each and every debtor b,
bond, Judgment mortgage, recognzane
decree or otherwise, (whose debt is llabl
Is taxation under this act). when Tn
y creditor is a non resident Of the count
II or state, shall be liable for the tax on hi
NJ debt, In the first instance; but upon tn
I payment thereof, he shall be entities
, and It shall be his duty, to deduct tn
l. same from the interest due or accruin
thereon and any such creditor refusin
- TO allow such credit on taxes so pai
, shall forfeit his debt; and no debto
shall remit or make any payment to hi
creditor out Of the state until the Ia
u imposed upon his said debt by this &C
ID has been paid.
Section 8. In making the assessmen
h and collecting the taxes assessed unde
this act, the assessors and collectors sha
~ respectively have all the power an
authority now by law conferred upo
them In the assessment and collectio
SO Of taxes In addition TO what is conferre
It by this act And the public Offices {
ID the respective counties and the record
IA thereof, during business hours shall q
all times be open to them free Of charg'
Section 0 Debts due by insolver
er debtors, and where there is no otht
N security shall not he taxed, and when
/, bond and mortgage are given for tf
Or same debt, the mortgage only shall
!, taxed, and railway or railroad compani6
y and the stock OF bonds of such eompan
ID paying a stipulated tax or sum in lieu {
all other taxes as provided by law sba
be exempt from the taxes specially pr
vided for in this act
Section 10 Every plaintiff in any So
at brought in any court. or before justi'
of the peace TO enforce payment Of an
debt taxable under the provision OF tn
ne act after the first of--A. ID. 1S8
shall file with his order or preclpe d
y recting the same, and before any writ
at process. shall issue an affidavit statir
n; that the tax thereon has been paid by u
lu I 81 ha IakN II