The united opinion. [volume] (Bradford, Vt.) 1881-1970, 1895-01-03

mo. IAN ACT TO AMEND ACT NUMBER 8 OF THE
LAWS OF 1890, ENTITLED GAN ACT TO PROVIDE A
REVENUE FOR THE PAYMENT OF STATE EXPEN.
SEES" SECTIONS 500 AND 578 TO $751; INCLUSIVE,
VERMONT STATUTES)
It's hereby enacted By tile General Asse5v of the oe of
Vermont:
SECTION Section %, of Act No g. of the Laws of 1890 is
hereby amended SO as to read as follows:
Every corporation organized and existing under the any
business in this State and every corporation organized under the
laws of this State and having capital stock deposit fifty hous
and dollars less shall be assessed annual license
dollars and for each fifty thousand dollars fractional part
o of capital stock deposit of fifty thousand dollars five
dollars but no tax shall exceed fifty dollars Such shall be
paid to the State treasurer annually in the month February
and return shall be made at the time of payment the
ligious purposes shall be exempt.
SEC Section 81 said hereby amended so as to read
as follows:
The Investment company as used in this act shall in
cude all building associations companies corporations all
any other state territory for the purpose of negotiating or
placing loans secured property without this State may
cages property by pledges of such mortgages and which
executed by issued by municipal other corporations
without this State.
SEC g. act hereby amended SO to read as
follows:
from residents corporations this State to be loaned without
the State doing business this State by selling dbenture bonds
mortgages real estate chooses in action
ties Of kind property without this State not including
bills Of exchange having less than to shall annually in
the month OF july make returns to the commissioner of
of the amount of money received and of the
bonds chooses in action securities of any kind aforesaid
parties corporations within this State Said returns shall be
for the period of preceding the last day of june annually
SEC f. Section 80 of said act hereby amended
as follows
tax of cent upon the aggregate moneys
received be loaned the State and upon the aggregate
amount of bonds mortgages chooses in action and securities
kind negotiated aforesaid hereby assessed against the
person. investment company corporation receiving such money
said business shall
treasurer within thirty days from the time of making said returns
and shall be in lieu of all other taxation thereon for the period of
year only.
person. agent investment company corporation may omit
payment of the tax provided in this section by giving the
post office address of the person corporation from whom
such has been received whom such bonds mortgages
chooses action securities sold and the amount
from each corporation and informing the
that the be paid by the purchaser When
vantage taken of this povsion the commissioner shall
thereon tax of per cent against the person corporation
OF whom such AGENT person. investment corporation
received such money whom said bonds mortgages chooses
action other securities sold The payment of said tax
shall exempt such agent person. investment company corpora
from all other thereon for the period
Said commissioner shall notify such person mall tax so
assessed Immediately
shall be paid to the State treasurer within thirty days from the
such notice issued the purchaser puts such securities
his list taxation and
thereon for the full in the where
purchaser investor resides the commissioner may with the
urrence of the treasurer remit payment of such tax
Sec Section 40 of said act hereby amended to read
rs follows
person. agent investment corporation who
negects comply with the preceding sections shall
med than five thousand dollars and less than
hundred dollars foreign investment company corporation
neglec refuses the State shall have lien its bonds
led with the State Treasurer according &c law, for any
that may be imposed against it, The provisions of this
nd the three preceding sections shall apply corporations
rganzd in this State that pay taxes on her capital stock
deposit except where the sales of such securities
eed their premiums deposits capital stock but shall apply
UGH
Approved November 49, 1894.