Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1898-01-26
THE BOND AND STOCK LISTING
LAW.

The following is the new law which
provides for the listing for taxation of
all bonds, stocks, notes and other evi.
dences of Indebtedness:
/. Be it enacted by the general assem-
bly, of Virginia, that the first subdivis-
ion Of secuon s, chapter l, of an act en-
titled an act to provide for the assess
ment of taxes on persons, property and
incomes, and on licenses to transact
| business and imposing taxes thereon for
the support of the government and
public free schools, and to pay the in
terest on the public debt, and prescrb-
ing the mode of obtaining license to sell
wine, ardent spirits, malt liquors or any
mixture thereof, in case where a court
certfca e is required, approved March
6, 1890, be amended and re-enacted so
as to read as follows:
zS On personal property, chooses in
action. moneys, credit and capital. The
commissioner shall require each person
natural or artificial residing in his dis.
trict, city or town, to make out ard de.
liver 10 said commissioner list in de-
tai OF The date, amount for which orig
inal Y given, but not the name
of the debtor, the the dates
aud amounts of the credits
,hereou, the balance due, and the time
of payment OF all bonds, notes: stot Ks
and other evidences OF debt, due and
payable to such person, in excess Of
one hundred dollars ard statement { f
he aggregate amount of ali bonds,
notes, stocks and other evidences OF
debt under ono hundred dollars each.
The auditor Of public accounts shal!
furnish the necessary blanks for such
lists ard statements to the commits
sioners of the revenue.
This list aud statement shall be sigp-
ed and sworn to by the taxpayer before
the commissioner of the revenue, or
some notary public, or other person, gu
thorized to administer oauhs, who shall
certify that said list was signed and
sworn to before him The commi-
sioner shall sign the list and determine
the value OF the bonds, notes, stocks
and other evidences of debt therein
enumerated, subject to an appeal
from his valuation to the couG-
ty or corporation court. The seid
list and statements shall include bonds
due from railroad and canal COM
panies, bonds OF counties, cities, towus
and bonds of other States and corpora
tions, certificates of stock in any incor-
porated company, bonds of individuals
and all demands and claims, however
evidenced. owing or coming to such pei
SOD, whether due or not, from debtors
residing out of or within the State or
county, whether secured by deed of
trust or by judgments or not, deductine
from the aggregate amount thereof all
such bonds, demands or claims not
otherwise deducted, owing to others as
such principal debtor, and not as guar
antor, endorser or surety, but no bond
demand or claim constituting part Of
the capital as defined in chapter of
this act, of business done out of this
State or any capital used by any mer
chant or manufacturer, and taxed un
der chapter of this act, shall be includ-
ed in this section.
The list and statement herein pre-
vided for shall be delivered by sad
commissioners to the clerk of the
county or corporation court of
this county or city, who shall file
the same in his Office properly label
ed, keeping the list for each year
separate. If any person, firm or cor
poration shall, with view to evade
the payment of taxes, fail or refuse to
make out and deliver under oath such
list and statements as herein provided
for of any bonds. notes, stocks or other
evidences of debt, which are subject to
assessment and taxation under chapter
one of this act, then the omitted evil
dence of a debt shall not be recover
able oy action at law or suit in equity
in any of the courts OF this common
wealth or by any legal process, or by
sale under deed of trust, or otherwise,
until they shall have been reported for
assessment, and the tax paid thereon
for the years that it should have been
paid with an addition of fifty per CENT
um of the amount of said unpaid taxes,
and the failure to make out and deliver
such list and statement to the said COM
missioner shall be taken as prima facle
evidence of the intention to so evade
the payment OF taxes
9. All acts and parts OF acts incon-
sstent with this act are hereby repealed.
8. This act shall be in force from its
passage.
Robbed the Grave.