The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-07-23
NEW STAMP RULINGS
Received Here Yesterday From
Revenue Department.
MARRIAGE LICENSE LIABLE
Is Final Decision Mortgages,
and Transfer of Stock.

tCSLci 1IOIu Inc sAhCi HoA ACN-
enue Office at Washington. marriage IL
censes must De stamped.
The ruling is that when preacher, JUS
tice Of the peace judge or any person
qualified 10 solemnize marriages, unites a
couple In marriage and gins the marriage
certificate tax Of 10 cents must be paid,
and then when the contracting parties
sign the certificate another Decent tax
must be paid. In other words, Cupid
must pay 20 cents tax whenever he makes
'Two hearts beat as one" according TO
the laws and statutes of Kansas.
A written application for putting up
lightning rods Is not taxable, but writ
ten contract. wherein The lightning rod
company guarantees the protection Of a
building by its rods from al damage by
lightning for any period Of years. is con
sidered to be fire insurance policy, a
tax Of y per cent on Vault Of rate allowed
must be paid.
Chattel mortgages, If over $1,000, must
pay % cents up to 1,0e0 and % cents for
each ADDITIONAL $500 or fraction thereof. II
mortgage requires stamps none need be
put on certificate Of acknowledgements;
otherwise, certificates Of acknowledgment
must have 3-cent stamp,
The tax on a deed of trust, or mort
gage, not exceeding 81, 800 is Is cents; and
on each $500 or fractional part thereof in
excess Of $500 is % cents. The deed Of
trust for $1,000 requires a 50-cent stamp.
and al the notes require stamps also.
The note for 81 900 wal require a Accent
interest for $50 must bear a 2-cent stamp.
The duty on promissory notes is 2 cents
for a sum not exceeding 500 and cents
for each adddti 800 or fractional part
thereof in excess of 500.
A deed of trust requires a new stamp
when Sold the same as when originally
filed. And if new notes are made out
each one must have a stamp.
An acknowledgment TO deed requires
TO stamp, as the acknowledgment is
part of the deed.
Postmasters will not be allowed TO han
die stamps except upon the terms offered
private individuals.
When building and loan associations do
banking business their checks must be
stamped.
OiL TIC iutSUIO1 VI luC EOHSki uCl4Ou VI
that part OF the schedule imposing stamp
tax ION each original issue. whether on
organization or reorganization, or certifi-
Gates of stock" the new rulings received
in Wichita yesterday indicate that the
meaning of the words Original issue
is limited and controlled by the words
whether on organization or reorganiza-
tion," and that the only certificates of
stock on which the tax of cents ION
each 500 of the face value or fraction
thereon is imposed by this act are those
certificates issued on or after July l, 1898,
on the organization or reorganization of
company.
In the case of a corporation having, for
instance, capital stock of 81 90, of which
it has issued only 100000 prior to July
1, 1898, and on or after that date finds it
necessary TO make one or more additional
issues. under the authority possessed by
1t, each additional issue thus made is an
Original issue" within the terms and
meaning of the statute here under con-
sderation. and the certificates of such is
sue are subject to the stamp tax.
Where any original certificate issued is
presented by the holder to the company
or corporal ton for the issuance Of another
certificate or certificates in lieu, the GER
tifcate or certificates issued to take the
place of the original certificate does not
require any stamp as long as there IS no
sale, nor transfer of any Of these GER
tifcates issued in lieu OF the original
In case Of sale where the evidence Of
transfer is shown only by the books of the
company, a tax of cents is required TO
be paid pn each 800 of face value or frac-
ton thereof; and the stamp representing
this is required to be placed upon such
books.
Where the change of ownership is by
transfer certlfcate-that is to say, the
executed authority 10 transfers. contained
on the back Of the stock certificate which
is to be transferred-the stamp must be
placed on the transfer ceruhcate-that is
to say, upon the surrendered certificate
containing the transfer.
In cases Of agreements to sell, or where
the transfer is by delivery Of the GER
udcate assigned in blank. there must be
executed a memorandum to which the
stamp is required to be affixed.
Under this ruling in a case of a man
who is the owner Of a certificate for I0l
shares OF stock. and wishes 20 sell ten Of
these TO another person, the result being
that one certificate would be issued for
the ten shares sold. and also an additional
certificate for ninety shares. issued with
the certificate for ten shares sold in lieu
does not require any stamp; and the GER
Uacate for the ten shares does not re-
qure a stamp representing the tax OF
cents on each 500 Of lace value or fraction
thereof. as 4, Is not an original issue The
only stamp required with reference %
these certificates Is a stamp on The trans
fer u The ten shares sold representing
payment Of the tax Of > cents on each 800
OF face vsEe or fraction thereof
IN another case where a man holds sew
eral certificates for shares OF stock az
Sregaung 100 shares. and. for his couve-
nience. calls upon the company 70 issue /
10 IL n in keu n these ere certificate for :.
laa shares. there being no sale nor agrees !
nant 70 sell nor memorandum OF sale or
delivery .or transfer OF ms new certificate /
the statute does not require the afixlng Of J
any stamp.