Bellows Falls times. [volume] (Bellows Falls, Vt.) 1856-1965, 1895-01-03

No. AN ACT TO AMEND ACT NUMBER 8 OF THE
LAWS OF 1890, ENTITLED IAN ACT TO PROVIDE A
REVENUE FOR THE PAYMENT OF STATE EXPEN-
SEES" SECTIONS 5Gs AND SIS TO $50, INCLUSIVE,
VERMONT STATUTES)
IS hereby enacted by tie General Asseny of the State of
Vermont:
Section 2s, of Act B. of the Laws of 1890 is
hereby amended SO as to read as follows
Every corporation organized and existing laws any
other than the State
business in this State and corporation organized under the
laws this State and having capital stock deposit of fifty hou
doa and for each fifty thousand dollars part
Of of capital stock deposit of fifty thousand dollars
dollars but shall exceed fifty dollars Such tax shall be
paid the State treasurer annually in the of February
shall be made the time payment to the commits
Corporations organized charitable or
lgious purposes shall be exempt
Section 81 of said act hereby so as to read
as follows
The investment company" this act shall in
cude all building associations companies corporations
other companies corporations organized under the
other state or territory for the Of negotiating
be engaged in selling chooses in action bonds secured by
cages property pledges of such mortgages which
executed by issued by municipal other corporations
without this State.
follows:
person. investment corporation obtaining money
the State doing business this State selling debenure bonds
upon real personal estate chooses action
bills exchange having less than year rum shall annually ii
the month of july make returns the commissioner of State
taxes of the OF received of the
bonds chooses in action securities of kind aforesaid sold
parties corporations within this State Said returns
for the period preceding the last june annually
SEC Section 80 Of said act hereby amended read
as follows:
tax of cent the aggregate amount of all
received to be loaned without the and upon the aggregate
bonds mortgages action securities of
any kind negotiated aforesaid is hereby against
investment corporation receiving such
transactng said business Such shall paid State
treasurer within thirty days from the time making said returns
and shall be in lieu Of all other taxation thereon for the period of
one year only.
person. agent investment corporation
payment of the tax provided this section by giving the
post office address of the corporation from whom
such has been received whom such bonds mortgages
chooses action securities sold and the
from each such corporation and informing the commits
sioner that the taxes be paid the purchaser When adj
vantage taken of this the commissioner shall
o whom such agent investment corporation
received such whom said bonds chooses
action other securities sold The payment of said tax
shall exempt such agent person. investment
ton from all other thereon for the period Of
Said commissioner shall notify such mall of the
assessed Immediately after such made and the
time such notice issued If the purchaser such securities
investments his personal list for taxaton
and taxes thereon for the full the where such
investor resides the with the
currence of the treasurer remit payment Of such tax
Sec Section 40 of said act hereby amended read
as follows:
negcts comply with the preceding sections shall
fined not than five thousand dollars less than
hundred dollars If foreign investment corporation
negects refuses the State shall have lien its bons
fine that be imposed against it. The provisions of this
and the three preceding sections shall not apply corporations
organized IN this State that pay taxes their capital stock
deposit sales of such securities ex
coed their premiums deposits capital stock shall apply
such
Approved November 20, 1894.