Evening journal., 1898-06-15

shall, en- the first day OF December in
each year, make their respective re-
turns under oath, or affirmation, to the
assessor Of the hundred or assessment
district in which the principal Office or
business place Of the corporation or as
sociation is situated: which return
shall show the whole number Of shares
in each OF said corporation or associa-
tion, the market value OF each share
and the aggregate market or real value
CT all the shares, with the name OF the
owner and the number OF shares owned
by each respectively.
Section 8. Any person owning, hold
ing or controlling any investment Ii
able to taxation under this act, officer
cf any corporation or association fail
ing to make return or report as herein
required, shall be guilty Of misde-
meanor, and upon conviction thereof
shall pay a fine of not less than ten nor
more than Ave hundred dollars, or be
imprisoned not less than ten days nor
more than six months.
Section 6. The intention OF this act
being to tax the owners and investors
Of capital and not the borrowers or
debtors; therefore, every individual
person, corporation, company or asso-
lc.ation whatever and every officer there
Of, asking. demanding, contracting for
or receiving any money or considera-
ton whatever on account OF said tax,
in reduction thereof or otherwise,
or who shall, by any device whatsoever
impose or try to impose such tax or
any part thereofupon any debtor whom
soever, under any pretext whatsoever
shall be guilty Of a misdcmeanor, and
shall upon conviction thereof, be fined
in any sum not less than one hundred
dollars nor more than one thousah
dollars and costs.
Section z. Each and every debtor b!
bond, judgment, mortgage, rocogni
zance, decree or otherwise (whose deb
is liable to taxation under this acN
when the creditor Is a nonresident o
the county or state, shall be liable 70
the tax on his debt. in the first in
stance, hut upon payment thereof, h
- shall be entitled and IL shall be hi
duty to deduct the same from the inter
I ! eJt due or acoruing thereon; and an
e such creditor refusing to allow sue
credit on taxes so paid shall forfeit a
e accrued interest; and no debtor sha
o remit or make any payment to h
a creditor out CT the state until the Ia
imposed upon his said debt by this a.
has been paid.
Section 8. In making the assessmel
i and collecting the taxes assessed und
this act, the assessors and collecto
shall respectively have all the pow
) and authority now by law conferrl
upon them in the assessment and co
lection Of taxes in addition to what
conferred by this act. And the publ
s offices OF the respective counties an
u the records thereof, during busine
+ hours, shall at all times be open to il
n spectlon free Of charge.
. Section 9. Debts due by insolve
p debtors and where there is no other S
IS curity, shall not be taxed; and when
( bond and mortgage are given for d
II same debt, the mortgage only shall
rs taxed; and railway OF railroad compa
v les and the stock or bonds Of SUI
N companies paying a stipulated tax
i- sum in lieu Of all other taxes as pr
T. vided by law shall be exempt from {
10 taxes specially provided for in this a
NJ Section 10. That from and after t
r passage Of this act, every person fiji
N or corporation who shall make any
\, vestment Of moneys securing the san
- by bond and mortgage, judgment no
or certificate Of Indebtedness, sh
make and cause to be attached there
an affirmation or an cath on the H'
% Evangcls of Almighty God that
~ they nor It have required the debt
ne his agent, attorney, or any person
ns him, to pay the tax levied upon
ne said note, bond, bond and mortgage
nd certificate Of Indebtedness, in advan
ed nor will he require the taxes asses.
Of or to be assessed thereon to be paid
e. the debtor or any person for him d
se ing the existence OF the debt. A
Of upon assignment Of any such debt
X evidenced as aforesaid, except for
all purpose Of collateral security, the
,,- signee shah be required to make, 81
"a scribe to and have thereto attached,
Z oath in the same form and to the sa
effect as is above required Of the or
- nal cbligee or MORTGAGE.
"a Section II. That Of the mon
=. which shall be levied and collected
"a der the provisions Of this act in Sus
=. county ,one-fourth thereof shall be
the use Of the state and the OF
threO-fourths thereof for the use
rty Sussex county; that Of the mon
xa- which shall he levied and collected
>eu der the provisions Of this act in X
his county, one-fourth thereof shall be
the the use of.the state and'thc ether tn
Tor fot,rfhr for tho 1850 of <onl cOuntV.l