The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-07-01
ing. registering. selling or transferring IN
stru-en.s Or documents not stampe1-
Shut Ous Of Court.

shus Ous of Court.
Section II provides that 10 instrument.
paper o. document required by Law ID Be
stamped which has been signed Or issued
without besng duly stamped, Or with
6efe5ers. stamp. nor any copy thereof.
SHAH be recorded or admitted, o. used as
evidence IL any court G2tl legal stamp
or stamp, denostng the amount Of tax.
shat have been AFFIXED thereto. as pre-
scrtbed py Law: Provided. That any bond.
sebentu~e, certisca:. Ds stock or certlf-
cate CO aads5% e1.ness Issued II any foreign
country shall pay the same TAX as is re-
qulred by law on similar instruments when
issued sold or transferred n the United
States. ard the party 70 whom the same
Is issaed OF by whom IL is sold or trans
terred. shall. before selling or transfer
ring the same. afYsx thereon the stamp or
stamps indicating the tax required.
Section = provides thai Il shall not Re
lawful - record or register any instru-
merit, paper or document required by law
20 be stamped unless a stamp or stamps
% the proper amount shall have been at
fixed and eanceie-d in the manner ;rescrib-
by law: and he record. registry or trans
fer % any such instruments uison Unich
the proper stamp or stamps aforesaid
shall not have been affixed or Cancelled as
aforesaid shall not be used in evidence.
Section IS provides that no instrument.
stamped shall be deemed or held invalid
and Of 10 efyec; for the want Of s,art!cu-
ar kind or description OF stamp desig-
mated for and denoting the tax charged
on any such instrument, paper or docu-
ment. provided q legal documentary stamp
or stamps denoting a tax Of equal amount
snail have been duly affixed and used
thereon.
Section Il provides that all bonds, deben-
lures or certificates OF Indebtedness issued
by the officers OF the United States gov
eminent, Or by the officers OF any state.
county. town municipal corporation or
other corporation exercising the taxing
power shall be exempt from the stamp
taxes required by this act: Provided.
That Il is the intent hereby to exempt
from the stamp taxes imposed by this act
such state. county. town or other NUM-
clpal corporations in the exercise only OF
functions strictly belonging 20 them in
their ordinary governmental. taxing or
municipal capacity: Provided further.
Tha, stock and bonds issued by cooper
alive building and loan associations whose
capital stock does not exceed $1,000, and
building and loan associations or compa-
MES that make loans only TO their snare
holders. shall be exempt from the tax
herein provided.
Section IS provides that no telegraph
company or its agent or employe shall
transmit TO any person any dispatch or
message without an adhesive stamp, de-
noting the tax imposed by this act, being
affixed to copy thereof. or having the
same stamped thereupon. and In default
thereof shall Incur a penalty of SIC: Pro-
vided That only one stamp shall be re-
CURED on each dispatch or message.
whether sent through one or more compa-
MES: Provided, That the messages or
dispatches Of the officers and employees Of
any telegraph or telephone company con-
corning the service and affairs Of the com
pany, and like messages or dispatches Of
the officials and employees OF railroad
companies sent over the wires on their re-
spective railroads shall be exempt from
this requirement: Provided further That
messages OF officers and employees OF the
government On official business shall be
exempt from the taxes herein imposed
upon Geographic and teleph0nic messages.
Section - extends the provisions relat-
ing to dies and stamps to all applicable
articles In schedule Il. Sections 20, Il
and - prescribe penalties for failures 70
affix stamps on articles named in sched-
uie Il. Section % requires monthly re-
ports from manufacturers Of articles in
schedule Il. Section "a extends tax on ar
ticles In schedule Il to all such articles
sold On and after today. Section - d.
reefs the commissioner 10 procure stamps.
Scncuutc n, stamp laAcS
Bonds. de5entures or certificates OF In
debteduess issued after July J. 1925. by any
association. company or corporation on
each 500 OF face value or fraction thereof,
cents. ard on each original issue. wheth-
or on organization or reorganization, of
certificates OF stock by any such associa-
ton. company or corporation, on each sl00
OF face value or fration thereof, cents.
and on all sales or agreements to sell! or
me 2 - q dol
fers OF shares or certificates Of stock in
any association. company or corporation.
whether made upon or shown by the books
OF the association. company or corpora
ton, or by any assignment in blank. or
by any delivery, or by any paper or agree
ment or memorandum or other evidence
OF transfer or sale, whether emitting the
holder In any manner TO the benefit OF
such stock. or 20 secure the future pay
ment Of money or FOR the future trans
fer Of any stock, or each slDC 81 face value
or fraction thereof. cents provided that
~ case az sale where the evidence o.
transfer is shown only by the books %
the company the stamp shall be placed
upon such books. and where ;he change
II ownership is hy transfer certificate the
stamp SHALT he placed upon the certificate:
aui II cases of Az agreement % sell or
whore the transfer is by delivery ~ the
certificate assigned il blank there shall
he made and delivered by the seller 20 the
hi!N"r bill or memorandum of such sale.
- watch tia stamp shall bc affixed and
every bal OF memoir ndun IL sale or agree
m"nt - sell h"torc mentioned shall show
thc date thereof the name If the seller.
The amount ~ r5e sale. ana the matter
"r thiag To which IL refers. And any per-
~on or persons liable 20 pay the tax as
herein provided. or any one who acts in
the matter As agent oT broker to- such
person or persons. 30 snal' make any
such sale, cr wao shall ~ pursuance OF
a~y sGgh sale deliver any Sreh stock or
evidence - tie sale - any Suca stock or
hil or memorandum thereof as herein
required, without having the proper
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