The Arizona sentinel., 1899-05-27
A- - . THE REVENUE LAW.
4 Detailed List of Price for Different
 Instruments. ,

revenue act passed by congress il
 June, 1898, to meet the expenses 0
 the war with Spain. We print tn,
 same for the benefit of our readers and it may be cut out and posted in a convenent place for reference The following is the law:
 On and after July 1, 1898, th' person or parties "who shall make sign or issue" Cor fer whose "use ol benefit the same shall be made signed CT issued") any of the in- struments enumerated shall affi1 adhesive stamp of the values indi cated:
 Penalty for failure to comply is fine not more than $1O0, at the discretion of the court. An instru. ment without stamp shall not be competent evidence in any court.
 Penalty for counterfeiting, reus- ing or removing stamps, washing stamp for reuse or having the same in possession, fine not exceeding $1,0O0, imprisonment at hard labor not exceeding five years, or both, at the discretion of the court.
 Persons using or affixing adhesive stamps must cancel same by writ iEg or stamping thereon his or her initials and the date of such use Penalty for failure to cancel, a fine not less than $50 nor more than $10O.
 Penalty. If any person or per sons shall make, sign or issue, or shall cause to be made, signed or issued, or shall accept or pay, or caused to be accepted or paid, with design 10 evade the payment of any stamp tax, any bill of exchange, draft or order, or promissory note, for the payment of money, liable to any of the taxes imposed by this act, without the same being duly stamped or having affixed an ad- hesive stamp denoting the tax here by fixed, he or they shall be subject to g fine not exceeding 620O, at dis cretion of the conrt. (Sec. 1O.)
 The acceptors of foreign exchange payable in the United States must, before accepting or paying, affix stamps the same as required on do- mestic bills, etc., under similar penalties. (Sec. 11.}
 Any person who may register, issue, sell or transfer any lnstru- ment which is not stamped as re- quired by law, will be subject to fine or imprisonment (Sec. 13). This section provides, however, method whereby errors in stamping may be corrected.
 Documents not stamped in ac- cordance with requirements of this act shall not be recorded or admit ted in evidence. It is unlawful to record or register any document upon which required stamps have not been affixed and cancelled. (Sec. l5.)
 A document shall not be held invalid for want of any particular kind or description of stamp, pro- vided revenue stamps of equal value have been affixed. (Sec. 16.)
 Bonds, Debentures or Certificates of Indebtedness, issued by officers U. $. Government, or by officers of any State, County, Town, Municipal Corporation, or other Corporation exercising taxing powers, shall be exempt. Stocks and Bonds of Go operative Building Associations whose capital does not exceed $1O,- O00 and Building and Loan Associa- tons that make loans only to share. holders shaU De exempt from tan. lSec 17.) i
 Agreement to sell for future de- livery at any exchange or board of trade or other similar place, on each $l00 or fraction of face value, .1c.
 Bank check not drawing inter- 
 Bill of Exchange, inland, other wise than at sight, drawing interest or each $1OO or less,-2c.
 Bill of Exchange, Foreign, drawn n U. S., payable outside, if drawn ingly, for each $1o0 or less,-4o.
 Bill of Exchange, Foreign, drawn r. sets, each bill of each set for each 100 or less,-2c.