The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1895-02-14


Quite a number of people all over the
state are interested in the passage of
this law and every indication points
to the fact that the legislature will act
favorably on the bill.
AN IMPORTANT BANKING BILL.
Rather an important banking meas
ure introduced in the house by Represen.
tative Mckinney reads as follows:
Section /. Be it enacted by the leg
islature of the State of Texas: That
every bank, whether of issue or deposit.
banker, broker, dealer in exchange. or
stock jobbcr, shall, at the time fixed by
law for listing property, make out and
furnish the assessor of taxes n sworn
statement showing:
First-If a national bank, the presi-
dent, or some other officer of such honk
shall furnish 10 the assessor of thn
county in which such bank is located
a list Of the names of all the sbarehoId.
erS Of the stock, together with the amount
and number Of the shares of each share
holder of stock in said bank: and the
shareholders OF the stock in national
banks shall render to the tax assessor
OF the county in which such bank is To-
Gated the number of their shares and
the true and full value thereof. All
shares of stock in national banks moi
rendered to the assessor of taxes in thn
county where such bank is located with
in the time prescribed by law for Iistinr
property for taxes shall be assessed Inv
the assessor against the owner or own
erS thereof as surrendered prOperty is
assessed, but the tax rolls shall show
the name Of the owner or owners thereof
as shown per statement furnished nv
the president or other officer of sail
bank ''''
SccOnd-National banks shall rondo,
all other stocks and bonds of every KIM
Except United States bondsl and Mi
shares of capital stocks, or Joint stock
or stocks of other companies or corporo
tons, held as an investment. or in any
way representing assets, together with
all other persona property belonging
OF pertaining to said bank, except such
personal property as is especially eXeml,
ca from taxation by the laws of the
United States.
Third-NatiOnal banks shall he 20
quired TO render all of their real estate
as other real estate is rendered. and Mi
the personal property of said national
banks herein taxed shall be valued MS
other personal property is valued
Foulth-All other banks, bankers.
brokers, or dealers in exchange or stock
Johbcrs, shall render their lists in thc
following manner: list. The amount of
money on hand or in transit, or in the
hands of other banks, bankers, brokers
or others subject 10 draft, whether the
same be in or out of the state. 2nd.
The amount of bills receivable discount
ed or purchased, and other credits due
or to become due; including accounts
receivable, interest accrued but not due.
ana interest due and unpaid. Bird. From
the aggregate amount of the items named
in the first and second of the last two
subdivisions shall be deducted the amount
Of money on deposit. 4th. The amount
Of bonds and stocks of every kind Except
United States bonds and all shares of
capital stocks, or joint stocks, of other
companies or corporations held as an in
Icstmcnt, or in any way representing as
sets. 9th. All other property belong
ng or appcrtaining to said bank or bust !
ness, including both personal property and