Peninsula enterprise. [volume] (Accomac, Va.) 1881-1965, 1898-07-09
Stamp Taxes.

The following extracts from the
War-revenue law of 1898 are of es-
pecial interest to our people:
Bank check, draft, or certificate of
deposit not drawing interest. or order
for the payment of any sum of money,
drawn upon or issued by any bank,
trust company, or any person or per-
sons, companies, or corporations at
sight or on demand, two cents.
Bond: For jndemnifying any per-
son or persons, firm, or corporation
who shall have become bound or en-
gagged as surety for the payment of
any sum of money, or for the due
execution or performance of the
duties of any Office or position, and
to account for money received by
virtue thereof, and all other bonds Of
any description, except such as may
be required in legal proceedings, not
otherwise provided for in this sched-
ule, fifty cents.
Certificate of any description re-
quired by law not otherwise specified
in this Act, ten cents.
Conveyance: Deed, instrument, or
writing, whereby any lands, ten
ements, or other realty sold shall be
granted, assigned, transferred. or
otherwise conveyed to, or vested in,
the purchaser or purchasers, or any
other person or persons. by his, her,
or their direction, when the con-
sideration or value exceeds one humid
red dollars and does not exceed five
hundred dollars, fifty cents; and for
each additional five hundred dollars
or fractional part thereof in excess OF
five hundred dollars, fifty cents.
Lease, agreements, memorandum,
or contract for the hire, use, or rent
of any land, tenement, or portion
thereof
If for period of time not exceed
ing one year, twenty five cents.
If for period of time exceeding
one year and not exceeding three
years, fifty cents.
If for a period exceeding three
years, one dollar.
Mortgage or pledge, of lands. estate,
or property, real or personal, herita-
BILE, or movable, whatsoever, where
the same shall be made as q security
for the payment of any definite and
certain sum of money, lent at the
time or previously due and owing or
forborne to be paid, being payable;
also any conveyance of any lands,
estate, or property whatsoever, IN
trust to be sold or otherwise CONVEX
ted into money, which shall be inten-
ded only as security, either by express
stipulation or otherwise; on any OF
the foregoing exceeding one thousand
dollars and not exceeding one thous>
and five hundred dollars, twenty-five
cents; and on each five hundred dol
lars or fractional part thereof in ex-
cess of fifteen hundred dollars, twenty
five cents: Provided, That upon each
and every assignment or transfer OF a
mortgage, lease, or policy OF insur-
ance, or the renewal or continuance
of any agreement. contract, or char
ter, by letter or otherwise, a stamp
duty shall be required and paid at
the same rate as that imposed on the
original instrument.
Power of attorney to sell and con-
vey real estate, or to rent or lease the
same, to receive or collect rent, to sell
or transfer any stock, bonds, scrip, or
for the collection of any dividends or
interest thereon, or to perform any
and all other acts not hereinbefore
specified, Twenty five cents: Provided,
That no stamps shall be required
upon any papers necessary to be used
for the collection of claims from the
United States for pensions, back pay,
bounty, or for property lost in the
military or naval service.
Protest; Upon the protest of every
note, bill of exchange, acceptance,
check or draft, or any marine protest,
whether protested by notary public
or by any other officer who may be
authorized by the law of any State or
States to make such protest, twenty
five cents.
For the further information of our
readers we submit also the following:
That deeds which require stamp
cannot be admitted to record until
stamp is put On same and cancelled;
that ministers of the Gospel have to
put 10 cent stamp on each certificate
and that every person, who signs q
paper on which stamp is used, has
to put the initials of his name and
date of the paper on the stamp.