The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1901-02-15
THE SENATE PASSES BILL INCREASING
JUDICIAL DISTRICTS
NO EXTRA SALARIES FOR JUDGES
For Holding Special Terms of Court.
The Senate Holds Up the judicial
Districts Bill Until Both Houses Had
Passed the No Extra Salary BilI-A
Bill to Compel All Public Schools to
Have Four Months Terms-Many
Bills Passed.
Especial to The Messenger.)

INdtCISAs ~ NB EcDTudIy Ill C
joint finance committee devoted this
afternoon to the revenue bill, adopting
five sections.
The first section is in the usual form.
The second section levies s1.29 poll tax.
The third section levies q cents for
state purposes, Is cents for public
schools, and 4 cents for pensions, max
ing a total of 43 cents.
Section 4 is important and is as fol-
lows:
Section 4. Bank Taxation-The tax
imposed for state purposes upon the
shares of stock in any bank, banking
association or savings institution
whether state or nationaD in this
state, shall be paid by the cashier of
such bank, banking association or saw
ings institution, directly to the state
treasurer, within thirty days after the
1st of July of each year, and upon
failure to pay the state treasurer, as
aforesaid, he shall institute an action
against the bank, banking association
or savings institution to enforce the
same in the county of Wake, or in the
county in which the bank, banking as
ISOLATION or savings institution Is 10
Gated, which action shall be prosecuted
in name OF state of North Carolina on
relation of the treasurer of the state,
and which shall be tried at the return
term of court, provided the complaint
is filed ten days before the first day of
such term, and shall have precedence
over all other actions. The board OF
commissioners of the county in which
such banks, banking associations or
savings institutions are located shall
ASSESS apajnGf the Valnp of shares OF
residents in that county the tax i'm
posed for school and county urpoS
which shall be paid to the sheriff of
h county, and shall assess against
the value of shares held by non-resi-
dents of this state in such banks, bank
ing associations or savings institutions
located in that county the said tax inn
posed for school, county and municipal
purposes which shall be paid to the
sheriff Of that county. The value of
such shares shall be determined as is
hereinafter in this section provided.
Every bank, banking association or
savings institution whether state or
nationally shall list its real estate i'll
the county, city or town in which such
real estate is located for the purposes
OF state, county and municipal taxa
ton.
ton or savings institution SHALL, during
the month of June. list annually with
the state treasurer in the name and
for it's shareholders. all the shares ~
it's capital stock. whether held by resi-
dents or non-residents. al its market
value. on the 1st day of June, or il II
nave no market value. then at its &C
tual value on that day. from which
market or actual value shall be de-
Quoted the assessed value of the real
property which sue bank. banking as
ISOLATION or savings institution shall
- - ST. 49,
or counties wherein such real estate
is located. II the treasurer shall have
reason to believe that the market or
actual value as given In is not its true
value, he shall ascertain such true
value by such examination and inves-
tigation as to him seems proper and
chang the value as given in to such
amount as he ascertains the true value
to be. which action on the part of the
treasurer nay be reviewed by the SUI
periOr court. by an action brought
against the state treasurer in his Off
cial capacity by the party ag~grieved;
but no action shall lie until all taxes,
admitted by such aggrieved party to
be due, shall have been paid or ten
dered.
I'm listing the shares for state tai
alton, such bank. banking association
or savings institution shall file W
the treasurer of the state a statement
showing the name and residence Of
each shareholder, the number or
shares held by each. and the taxable
value of such shares as fixed by the
provisions of his act. which state
ment shall be in writing and subscrib-
ed and sworn by the president. cashier
or some other officer of the bank.
For the urpo of aiding the coun-
ty commissioners n other municipal
officers in enforcing the law as to list.
ing of bank shares by individual share
HAl1arc for nr1rDncnz nf anr1rtU Snhnn
and municipal. taxation. it shall be the
duty of every bank or banking associ-
alton or savings institution (whether
state or nataionaD to furnish to the
board of county commissioners of each
county wherein any of it's shareholders
reside, a statement showing the names
of all its shareholders resident in such
county. with the number of shares
owned by each and the taxable value
of such shares, ascertained from the
statement herein before REQUIRED to be
made by such bank. banking associa-
urer of the state.
1T shall also be the duty of the state
auditor to certify to the board or coun
ty commissioners of each county
wherein any of sale shareholders re-
side, a statement showing the name:
of all the shareholders resident in sucf
county, with the number of shares
owned by each. and the value of sucf
shares as ascertained by the statement
herein before required to be made by
such bank, banking association or saw
ings institution to the treasurer Of thu
state.
The residents of this state who arr
shareholders in any bank, banking as
ISOLATION or savings institution
whether state or NATIONALLY shall lis
their respective shares in county, city
town. precinct or village they resid'
for the purposes OF county. school ar
municipal taxataion. Non-residents o
this state. who are shareholders in any
bank, banking association or savings
institution whether state or national
located in this state. shall list their re
spective shares in the county, city
town, precinct or village in which sucl
bank, banking association or saving
institution is located. for the purposes
of county. school and municipal tax