The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1898-07-30

Where tax of ten cents in paid on the
Dill of lading for goods exported, 1t Is held
that no stamp tax is required tobe paid
on copies Of such bill Of lading.
Bills of fading for expectation by railroad
to British North America require ten
cent stamp. On inland bills of lading leach
duplicate" requires a stamp Of the value of
one cent. wharf receipt given to ship
per In exchange for which bill of lading
| Is Issued, does not require stamp.
Ships Supplies
The manifest for custom house entry or
clearance of the cargo of any ship or ves-
| sci or steamer for a foreign port does not
| include ships supplies for its voyage. 1t
| only includes those things which the ship
| has taken aboard for transportation.
Bill of Sale of Vessel
| There is no tax upon the bill Of sale of a
vessel.
Dray Receipt
| A dray receipt given at export steamer
wharf does not require a stamp in addl-
ton to bills OF lading which are stamped.
| Shipping receipts given by common car
| riers of freight for goods to be transported
to port of export require stamp.
Guaranty Company's Bond
| Where a bond is given with guaranty
company as surety, the bond should have a
| 5O-cent stamp, as required under the head
| of bond" in Schedule A, and in addition
thereto stamp denoting one-half Of one
| cent on each dollar or fractional part
thereof paid by the principal obliger on this
bond as a premium under that paragraph
of Schedule A relating to guaranty COM
panies co. s. officers required to give bond
will take notice.
Bonds in Legal Proceedings
Bonds required in legal proceedings are
such as are required in litigation in either
civil or criminal cases. such as prosecution
bonds, injunction bonds, bonds to stay pro-
ceedings, bonds upon appeal, writs of error,
bonds for costs, and the like; and in Grim
inal cases. recognizances, bonds for appear
ance. ball bonds and also bonds In criminal
cases upon appeal and writs of error, super
sedeas bonds, etc.
Bonds given by persons appointed by the
court conditioned for the faithful perform
ance of the duties of their office or position,
such as receivers, assignees executors, ad-
ministrators or guardians, are taxable
Memoranda of Money Due,
Tickets which are on the face merely
memoranda of money due (namely, John
Doe, June Is, 1898, sl5), and do not contain
any language making them checks or orders
for the payment of money or promissory
notes, are not liable to tax.
Certificates Not Specified
Certificates of any description required
by law not otherwise specified in this act,
ten cents" The first requirement neces-
sary to subject any given certificate to tax
is that it shall be one which is required to
be given by law, national, state or munich
pal All such are taxable except those
coming within the exemption of Section II,
that Is to say, those that are given strict
ly in the exercise of the functions govern
mental, taxing or municipal, of the state
or corporation.
Certificates given by an officer, not for a
public or governmental purpose, but for
private interests and use, are liable to the
tax.
Building and Loan
The exemption granted to cooperative
building and loan associations, etc. is con-
fined to the stock and bonds issued by the
associations therein mentioned, and there
fore, does not relieve them from other
stamp taxes.
Certificates of Search
A certificate of search, showing that the
dockets or records Of court have been
searched and showing either that liens
exist or do not exist as to property, or that
judgments are recorded or not recorded,
and also certificates of search to ascertain
whether or not titles are good whether
taxes have been paid and other certificates
of this character, are not such as are re-
quired In the general discharge of govern
mental functions on the part of the officers
giving them, but are such as are needed for
private use and private interests, and are,
therefore, subject to the tax. If the act
performed or the certificate issued by the
officer Is in the discharge of an official
function necessary in operating the gener-
al machinery Of the government, 1t is ex-
empt.
Acknowledgment of Deeds, Etc.
Certificates of acknowledgment of deeds
and mortgages are required to be stamped
They are no part of the execution of the
deed or mortgage and are not covered in
the stamp required upon such deed or
mortgage.
Certificates Of Death, Etc.
Certificates of death, marriage and birth,
given in pursuance of the laws of the state
requiring the> collection and registration Of
vital statistics as a basis for the adminis-
tration of public health laws, come within
the exemption of Section II.
Notary's Jurat
The ordinary notary's jurat is not re-
quired to be stamped.
Insurance Policies
A policy does not require a stamp until
1t Is issued, or Is offered as an insurance
policy, and an insurance company can
stamp policy through its local agent as
we'll as through its general agent. Any
agent Of the company who is charged with
the duty of delivering the policy to the
policy holder and receiving the premium
would be authorized to affix and cancel the
stamp in behalf of the company. A stamp
must be attached to premium notes as we'll
as to policies
Deeds Signed Before July
Deeds signed, acknowledged and fully ex-
ecuted in June do not require stamps though
delivered In July, unless by state law reg
stration is necessary to pass title.
Registration Of Mortgages
AS to mortgages, II is the general prin-
ciple that mortgage Is not valid as such
until 1t is admitted to registration. Any
mortgage. no matter what the date should
not be admitted to registration when pre-
scented on or after the first of July 1885, un-
less there Is attached and Cancelled the
proper revenue stamp. In cases where the
consideration Of deed Is nominal the ac-
tual value Of the property conveyed should
govern the amount of the stamp required.
Copies Of Leases
Original lease requires q stamp, No
stamp Is required on copy executed by the
parties at the time Of the original lease.
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