The Atlanta constitution. [volume] (Atlanta, Ga.) 1885-19??, 1898-06-13

father or mother, or a descendant of
brother or sister of the father or moth
er, at the rate of So for every $780,
All legacies or property passing by will
or by the laws of any state or territory to
husband or wife are excepted from tax or
duty. On sums ranging between $4,000
and 100000, the rates of tax are to be
multiplied by one and one-half; on those
ranging from 100000 to 100000, the rates
are to be multiplied by two; on those rang
Ing from s500,000 to sl,000,OO0. the rates are
to be multiplied by two and one-half, and
on those above s, 600, 900, the rates are to be
multiplied by three.
The tax Is made a lien upon the property
until paid. and it is required that the tax
shall be satisfied before the lesatee Is
paid.
Certificates of Indebtedness.
The secretary of the treasury is author
tied to borrow from time to time at rate
Of interest not exceeding per cent such
sums as in his Judgment are necessary 10
meet public expenditures. and to issue GER
titicates of Indebtedness in denominations
of $50 CT some multiple of that sum. Eacn
certificate is made payable at such tline
not exceeding one year from the udtt W.
its issue as the secretary OF the lredSuiy
NAV prescribe; providing that the amount
of such certificates outstanding shall AT no
time exceed $1G0G00,O00.
Tobacco Dealers and manufactures
Dealers IN leaf tobacco, whose hiii'ui
sales do not exceed $4,000 pounds each ~.
Those hose annual sales exceed 10000 ana
not 100. coo pounds, 81, and # their annual
sales exceed 100000 pounds, SIT.
Dealers in other tobacco whose annual
sales exceed $4,000 pounds, $12, Those sell
ing their own products at the place or
manufacture are exempted from this tan
NJ tobacco
sales do not exceed $4,000 pounds, Sc; man
ufacturers whose sales exceed $1,000 pounds
and not 100000 pounds. Sl2; manufacturers
whose sales exceed 0.1t9 pounds. $2i; man
ufactUrers of cigars whose annual sales 90
not exceed 100 900 cigars, Sc; manufacturers
whose sales exceed 100000 and not 100000
cigars, $l2; manufacturers whose sales eH-
coed 600 cigars. S24.
Any person who carries on the business
for which spec al taxes are imposed by this
act without having paid the special tax
is made guilty of a misdemeanor, and the
penalty being a fine of from $l00 to $500 or
Imprisonment for not more than six months
or both.
1t is provided that until appropriate
stamps are provided and furnished, the
stamps heretofore used to denote the pay
mcnt OF the internal revenue tax on for
mented liquors, tobacco. snuff, cigars and
cigarettes may be imprinted with a suitable
device to denote the new rate of tax and
shall be affixed to all packages containing
such articles on which tax imposed by this
act is paid.
Adhesive Stamp.
Section provides that if any person or
persons shall make sign or issue any in
strumcnt or paper of @uy description with
out it being stamped, he shall be guilty of
misdcmednor the penalty being $lG0 mt
the discretion of the court
Section provides a penalty OF a fine
not exceeding $1,000 or imprisonment for a
term not exceeding five. years or both for
counterfeiting the stamps. ana a penalty
is made to apply to all persons having any
cor nection with the counterfeiting.
Section 16 exempts government, state
county and municipal bonds from the op-
Grafton of the law. and also the stock and
bonds issued ley cooperative building and
loan associations which capital stock docs
not exceed $lG.0@ and build .ng ana loan as
soc.ations or companies that make loans
only to their shareholders.
Schedule A-Stamp Taxes.
Bonds. dobentures or certificates Of IN
debtedness by any association. company or
on each SEQ of face value or
fraction thereof r ceuts. and on all sales
or agreements to sell or memoranda Of
sales or deliveries. or transfers Of shares
or certificates of stock, on each 500 Of face
value or Fraction, 2 cents.
Upon each sale or agreement to sell any
pr oducts or merchandise at any exchange
or board Of trade. or similar place, either
for present or future delivery, for each 500
in value of said sale or agreement Of sale
or agreement to sell cent and for each
additional $100 or fractional par. thereof in
excess of $l0o ! cent.
Bank check draft or certificate of deposit
not drawing interest. or order fer payment
of any sum OF money drawn upon or issued