The times. [volume] (Richmond, Va.) 1890-1903, 1898-08-21

fcafc requiring a stamp.
Certificate required by law, which
are made ~ court officers under the
direction and authority Of the court. and
which are necessary 10 give proper ef-
feet 90 the court proceedings, are ex-
empt
court processes. such as summonses.
writs of attachment, subpoenas. war
rants. orders of court, etc, are not re-
Quirod TO be stamped.
Certificates OF protest of every note,
bin OF exchange, etc., whether protested
by "a notary public or by any other Off
Ger duly authorized by law, must be
stamped
CHECKS AND DRAFTS
Sight drafts drawn upon or issued BY
any bank, trust company. or any per-
son or persons, companies or corpora
lions. require o. stamp, and, n the ac-
crutnuco Of tho draft SIS accompanied
iv an order 60 the bank TO pay the
same and charge 90 the account Of the
drawos. this accompanying order re-
ouircs in addition. "a 2-cent stamp as
can order for the payment Of money
Whore "a draft duly stamped IS drawn
ly one bank on another bank. the bank
receiving and paying 10 81 not required
10 ahiX any stamp thereto.
When O. bank charges customer
account with the amount Of O. note, 90
its maturity. which me has given and
which is made payable at that bank,
n9 liability 10 stamp occurs thereby
unless some written direction SIS given
bv tine maker of the note 10 the bank
which ls. in effect, an order 10 tho
bank TO pay the amount OF the note
10 tho holder out Of the funds OF the
maker Of the note. Such an order would
require a 2-ocnt stamp
Checks drawn bv the manager Of the
clearing house. 10 settle balances be
tween banks are subject TO stamp as
checks
orders for the payment OF money on
sight OF on demand are subject 20 me
stamp tax imposed ON checks by tho
third paragraph o. Schedule A; but; on
orders for the payment o. money other
wise chan at sight or on demand tho
stamp tax must be paid as on promls-
sorry notes.
An order PAYABLE or redeemable IN
merchandise only aud not in money!
does not require the 2-cent stamp.
Rebate checks issued by conductors Of
The value of 10 cents, being tho excess
on fare collected on trains. which are
redeemable by the companys agent ON
presentation, are subject 60 tax.
Tickets received al q bank and PAID
the same as checks are regarded as
fin effect orders Tor the payment OF
money.
orders for the payment Of money
drawn bv the secretary of an order or
beneficiary society on its treasurer. ~
favor Of third party require a 1-ccnt
stamp.
The second proviso in the paragraph
relating to life insurance in Schedule
A Chat the provisions Of this section
shall not apply 10 any frattrnal bene-
0ciary society, or order relates only
90 policies .of insurance referred TO I'D
that paragraph.
A check drawn by the cashier or
some other officer of bank upon inc
bank of which ho i8 such officer, mace
payable 20 some person not connected
with the bank requires stamp.
If "a check used Us simply I'm the ma
ture of memorandum. and not an or
dor Tor the payment OF money, but USED
within the bank exclusively, as method
of kccpinr the accounts. 10 SIS not neces-
sarv Do stamp the same as % check
check drawn I'm this country upon
bank ls subject 10 the Same tax
whether the bank upon which IL Is drawn
is domestic bank or bank located
in "a foreign country inc distinction
between "a check and a bin OF exchange
either inland or foreign IS wei Defined.
The conveyance by express companies
or other common carriers or bank blla,
coin. currency or money of any kind'
imposos an obligation on such common
carriers TO issue and stamp q Dill or Iao-
ine or receipt for the same bclns
held that such property D. included VAIN
ln the terms "any goods accepted Tor
Money orders issued by express com
ranies must De stamped 90 the rate OF
cents for each order
orders bv telegraph for the payment
or transfer of money abroad ISSUED by
oNpross companies. OF any person or per
sons require stamp az tne rate OF .
cents for each $500 Orders for inc same
uurnoso within The United states re-
ouirc stamp of cents ON each oruer'
Irrespective Of the amount
DEEDS AND MOkIGAGES.
Deeds and mortgages executed by n
sheriff. in compliance with an order or
tho court are subject to tax.
III a deed does not grant. assign, trans
fer. or convey 60 the purchaser any
lands. tcnomonts. or other realty. but
only the right 90 burial, TO erect monu-
monts. etc, II does not require a stamp.
A tax is not imposed upon an instru-
nent whereby the title to personal prop
erty IS conveyed. but a mortgage or
pledge of personal property is taxed
under schedule 4 Of the Act.
There Is no difference iu the rate II
taxation between that on a chattel
mortgage and on a mortgage of realty
Where a railroad mortgage Is Issued
for The purpose OF securing bonds, which
are reserved to he issued only ON mile
ao basis Of road afterwards constructed,
whenever the mortgage goes Into opera.
ton. IL should have the stamp affixed.
The MORTGAGE can not go 90 registration
without such stamp, and no recorder
or REGISTER should receive IL for regis
trauon without the stamp
The stamp tax is required 10 be paid
on The assignment of "a mortgage at the
same rate as on the original instrument
Where an assignment Is made Of a
mortgage by separate written instru-
ment. and the mortgage and instrument
are deposited with q trustee as security
for obligations the stamp tax must be
paid on the memorandum OF the pledge
of these Instruments at the rate fixed
by the paragraph relating 10 mortgage
or pledge.
Where q mortgage is deposited with
q trustee as security FOR obligations
without any assignment but accom-
panied by power Of attorney, author
izing an assignment in the event OF
default upon the obligations, the stamp
tax Is required TO be paid on the pledge
OF the mortgage and also on the power
Of attorney. but not on the transfer au-
thorized until this transfer is completed.
MORTGAGES received by a State from
persons 10 whom state lands may be
sold are subject 20 the stamp tax.
Abstracts of title do not require TO be
stamped.
Deeds OF release Of mortgages and
.r,st aaefs require 70 be stamped II