The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-12-18
CHAPTER EIGHT.
Assessment and Collection of TAKE, on Ban,

CHAPTER Eight.
Assessment and Collection Of Taxes on Banks.
Article.
Assessment OF property by banks....s. $3.50
Bank to make statement Of shares etc. 5000
Commissioners court sitting as board
OF equalization may summon bank off,
Ger before IL ..,..s,.,..,.,.,...t...,, eVl
shares may be rendered in the name of
dered In its name how ..,,..,,...... sosiS
Assessor 20 show number and value OF
bank shares In his county In making
up rolls .........,....,s..,.. Soslc
Article 5oSs. ts07e) Every bank, whether
OF Issue or deposit. banker, broker. dealer In
exchange or stock lobbor. shall, at the time
fixed by this chapter for rendering real and
personal property make out and furnish to
tho assessor of taxes. sworn statement
showing;
I. If bank organized under the laws Of
the United States or of this state, the presi-
dent or some other officer Of such bank shall
furnish to the assessor Of tho county in which
such bank is located, a list of the names
OF all shareholders Of the stock of said bank,
together with tho number and amount OF the
shares owned by each stakeholder of said
bank. and such shares shall he rendered by
the president or other ofnoial to the assessor
for taxation. and at the true and full value
thereof.
2. National hanks shall be required to rem
der all OF their real estate as other real es-
tate is rendered and all tho peIuonal property
OF said National banks herein taxed shall be
valued as other personal property.
3. All unchartered or private banks. bank
ers brokers. dealers in exchange, or stock
jobhers shall render and list their property
in the following manner;
(n) The amount OF money on hand or in
transit or in the hands OF other banks bank
ers. brokers. or others subject TO drer'
whether the same be In or out of the state.
tb) The amount OF oils receivable. DIS
counted or purchased. and other credits due
or to become due. Including accounts no,
ceivatle. interest actrued ana not due, ana
interest due and unpaid
lei All other property belonging or apper-
tanning to said banks or business, inendihg
listed other personal property and real
estate
Id The amount OF bonds and stocks OF
every kind. except United States bonds and
all shares OF capital stock or Joint stock of
other companies or corporations, held as an
investment or In any way representing as
sets.
(e) From the aggregate amount OF the items
named in clauses (h) and tb) may be de
Quoted the amount of money on deposit by
others.
/ Arr. 5000. (5oSo) 1t shall he the duty OF
the president. cashier. or some other aG-
counting officer Of every banking corporation
in this State each year. to make oni a state.
ment under oath. showing the hummer Oh
shares comprising the capital stock OF sucr
bank. the name and residence OF each STOCK
holder in such bank and shall nx the true
cash value of said shares by dividing tue
total number of shares into the capital stock
surplus and undivided profits OF said bank
as shown by its books on the LIST dnv OF
January of each year. and shall render all
the shares of stock with the member ana
value thereof for the shareholders: and shall
also render the real estate, furniture ana
n t.i.T In nm
OF the bank. The assessor OF taxes shall de-
duct the value OF such property rendered IN
the name OF the bank from the full and true
value of all the shares or STOCK RS SHOWN
by the sworn statement herein required, and
shall assess each share OF STOCK against the
holder OF the same at its full and true value.
less the proportlonatc amount per share at
which the real estate. furniture and fixtures
are assessed The taxes due upon the shares
OF banking corporations shall be Hen there
on and no banking corporation shall pny any
dividend TO any shareholder who is in default
In the payment OF the taxes due upon his
shares; nor shall any banking corporation
permit the transfer upon its hooks OF any
SHIRE. the owner OF which Is in default IA the
payment of his taxes upon the same. Moth
ing herein shall be construed so as 10 tax
National banks or State banks. or the snare
holders thereof. at a greater rate than rs as
sessed against other moneyed capital IN the
hands of individuals.
Art 5O9l When any assessment may be
under consideration as to a true rendition
before the commissioners court OF any county
In this State sitting as board of eaualiza-
tion faid court shall have the power Ia sum
mon before II the cashier or other responsible
officer of any and every State or National
bank and of every uncharte.ed TANK, bank"
er broker 1ealer In exchange. stock 1obpef
or any other person. and require him 20 tes'
ufy under oath before said board as TO his
knowledge of the amount of money on deposit
! In such bank, with such banker, broker
exchange dealer. stock iobber, or other per
assessment may be under consideration. and
may in addition. require him TO produce q
certificate from bis books S,. showing the IN
be required by said court as 10 the assess.
ment Of other property, its character and
value. And II any party so summoned 70 APP
near before said court shall refuse to appear
| and testify as required under this article,
he shall be committed TO iail as Tor con
| tempt for the period forty eight hours ioI
! each day that he refuses to testify, or fined
! In any sum not less than 800 nor more than
! $3.50 for each refusal.
Art 509la, Az the time the assessor OF
taxes calls upon any ofhcer or oanklhe
corporation or association. for the rendition
and assessment upon the property OF the cor
poration or association, and us shares OF stock
| the managing officer OF such bank, may rem
der the shares Of stock in the name. OF the
corporation or association. provided that the
capital stock. surplus and undivided proht'
as shown by the books OF the bank on the
| lat da, OF January shall be sworn to by the
managing officer Of the bank rendering the
same for taxes. and the value thereoi ioi
/ TAXATION snail be
prescribed In article $3.50 OF this chapter
| Art. 509lb. For the purpose of collecting
such taxes II shall be- the duty OF every such
bank or the managing officer or officers there
of in the case of the rendition OF the property
and shares OF stock in the name OF The cor
lDoraticD or association TO pay The taxes due
! on the same. In the case the shares of stock
are asfessed against the shareholders OF sncf
lccrr6ration or association. II shall be the duty
| OF such bank or the managing officer or offi
GERS thereof. to retain SO 'luc5 OF any diyi
dend or dividends belonging TO such stock
holders as shall be necessary TO pay any
taxes levied upon their shares OF stock. re-
spectively. until II shall be made TO appeel
| to the bank or it's officers that such taxes
have been paid. And any officer OF any such
hank who shall pay over or authorize th'
paying over Of any such dividend or divi
ldends or any portion thereof. contrary u
the provisions OF this article shall thereb,
| become liable for such tax
| Art. 609lc. In making IN their rolls. as
SCISSORS shall show the number OF bank shares
assessed and the name Of the bank CORPORA
ltion Issuing same. and shall also show thu
total assessed value Of bank shares In Their
Irrespective counties.
CHAPTER NINE.
| or the Assessment OF Taxes Election snt
Qualification Of the Assessor.
| Elertion and term of assessor ............ 500