The Portland daily press., 1898-06-25

law, provided that any bond, debenture,
certificate of stock OF certificate of indebt-
edness issued in any foreign country shall
pay the same tax as is required by law on
similar instruments when issued, sold or
transferred in the United States, and the
party to whom the same is issued or by
whom ID IS sold or transferred shall, before
selling or transferring the same, affix
thereon the stamp or stamps indicating
the tax required.
SEQ. 10. That ID shall not be lawful to
record or register any instrument, paper
or document required by law to be stamped
unless a stamp or stamps Of the proper
amount shall have been affixed and oan-
celed In the manner prescribed by law, and
the record, registry or transfer of any such
instruments upon which the proper stamp
or stamps aforesaid shall not have been
affixed and cancelled, as aforesaid, shall not
be used In evidence
Sec. 16. That no instrument, paper or
document required by law to be stamped
shall be deemed or held invalid and Of no
effect for the want of a particular kind or
description of stamp designated for and
feneting the tax charged on any such in
Btrument, paper or document, provided a
legal documentary stamp or stamps denot-
ing tax Of equal amount shall have been
duly affixed and used thereon.
Sec. II. That all bonds, debentures or
certificates Of indebtedness issued by the
officers Of the United States government,
or by the officers Of any state, county,
town, municipal corporation or other cor
poratfon exercising the taxing power, shall
be and hereby are exempt from the stamp
taxes required by this act, provided that
IL is tho intent hereby to exempt from the
stamp taxes imposed by this act such
state, county, town or other municipal
corporations In the exercise only of funo-
tions strictly belonging to them in the Or
binary governmental, taxing or municipal
capacity provided further that stock and
bonds issued by cooperative building and
loan associations whose capital stock does
not exceed $40, 900 and building and loan
associations or companies that make loans
only to their shareholders shall be exempt
from the tax herein provided
Sec. 10, That on and after the first day
Of July, 1893, no telegraph company or its
agent OF employee shall transmit to any
person any dispatch or message without
an adhesive stamp, denoting the tax i'm
posed by this act, being affixed to copy
thereof or having the same stamped there
upon, and In default thereof shall incur q
penalty OF 90, provided that only one
stamp shall be required in each dispatch
or message, whether sent through one or
more companies; provided that the mes
sac,s or dispatches Of the officers and en-
ployees Of any telegraph OF telephone COM
pany concerning the affairs and service of
the company and like messages or dis.
patches of the officials and employees of
railroad companies sent over the wires on
their respective railroads shall be exempt
from this requirement. provided further
that messages OF officers and employees Of
the government on official business shall
be exempt from the taxes herein imposed
upon telegraphio and telephone messages.
SEQ. 49, That all the provisions of this
act relating to dies, stamps, adhesive
stamps and stamp taxes shall extend to
and include Except where manifestly in
Applicability all the ARTICLES or objects emu
merated in schedule B, subject to stamp
taxes, and apply to the provisions in rela-
ton thereto
Proprietary Medicines.
Sec. 20. That on and after the LIST day Of
Julyi 1898, any person, firm, company or
corporation that shall make, prepare and
sell or remove for consumption or sale
drugs, medicines, preparations, compost
lions, articles or things, including per-
fumery and cosmetics, upon which tax
is imposed by this act, as provided for in
schedule B, without afixing thereto an
adhesive stamp or label denoting the tax
before mentioned shall be deemed guilty
OF a misdemeanor and upon conviction
thereof shall pay fine of not more than
$500 or be imprisoned not more than six
months, or both, at the discretion of the
court, provided that no stamp tax shall
be imposed upon any uncompounded me-
dicinal drug or chemical nor upon any
medicine sold to or for the use of any per-
son which may be mixed or compounded
for said person according to the written
recipe, or prescription of any practicing
physician on. surgeon or which may be put
up or compounded for said person by a
druggist or pharmacist selling at retail
only. ~ eg..'a,
Sec, 81. That any manufacturer or max
ert OF any Of the articles for sale mentioned
in schedule. B, after the same shall have
been go made and the particulars herein
before, required Us to stamps have been
complied with. or any other person who
shall take Of, remove or detaoh or cause
or permit OK suffer to be taken off or re-
moved or detached, any stamp, or who
shall use any, stamp or any wrapper or
cover TO which any stamp is affixed, TO cover
any other, ARTICLE or commodity than that
originally contained in such wrapper or
cover, with such stamp when first used,
with the infant TO evade the stamp duties,
shall for every such article respectively,
In respect OF which any such ofense shall
be committed, be deemed guilty of mis-
demeanoH and upon conviction thereof
shall pay fine Of not more than $500 or
be imprisoned not more than six months,
or both, and every such article or COM
modify as aforesaid shall also be forfeited
SEQ. a. That any maker or manufao-
turer Of any Of the articles or commodities
mentioned In schedule B as aforesaid or
any other person who shall sell, send out,
remove or deliver any article or commod-
tty manufactured as aforesaid before the
tax thereon shall have been fully paid by
af1ixing thereon the proper stamp, as in
this act provided, or who shall hide or
conceal or cause to be hidden or concealed,