The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1901-03-01
spirits in quantities OF nc. less han .
TAX ON DIsTnLERIEs.


Each grain distillery operated az any
time during the fiscal year shall pay
following license tax annually:
Each grain distiliery with a maximum
capacity for MASKING three bushels a
day, s25; six bushels a day. $50; tw enty
bushels a day, S75; twenty bushels Or
more a day. 500.
Each fruit distiliery operated at airy
tine during tho fiscal year shall pay
the following license tai annually:
Each still Of fifty gallons capacity or
less. So; each still Of more han fifty
gallons capacity. $40.
BANK STOCK SHARES.
Taxes imposed for state purposes
upon shares of stock in any bank, bank
ing association or savings institution
whether state or nationally in this state
shall be paid by the caShier of such
bank, banking association or savings
institution. directly to the state treas
urer, within thirty days after 1st day
of July of a year, and pom fail
ure to pay state treasurer as aforesaid
h shall institute an action against the
bank, banking association or savings
institution to force the same in the
county of Wake or in county in which
the bank, banking association or saw
ipgs institution is located, which action
shall be prosecuted in the name of the
state. on the relation Of the treasurer
of the state, and which shall be tried
at the return term of the court, pro-
vided, the complaint is filed ten days
before the first day of such term, and
shall have precedence over all other ac-
tons.
The board of commissioners of the
county in which such banks, banking
associations or savings institutions are
located shall assess against the value of
shares Of residents in that county the
tax imposed for school and county pur-
poses which snail be paid to the sheriff
of the county, and shall assess against
the value of shares held by non-resi-i
dents Of the state in such banks, bank
ing associations or savings institutions
located in county. said tax imposed 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 herein after in this
section provided.
Every bank, banking association or
savings institution whether state or
nationaD shall list it's real estate in
the county, city or town in which such
real estate is located for the purposes
of state, county and municipal taxa
ton.
Every such bank, banking aSsocia-|
ton or savings institution shall during
the month of June list annually with
the state treasurer in it's name and
for it's shareholders, all shares of it's
capital stock, whether held by resi-
dents or pon-residents, at it's
market value on the LIST day
of June, or if it lave no market
value then at it's actual value on hat
day, from which market or actual val
lie shall be deducted the assessed val
ue of real and personal property which
such bank, banking association or
savings institution shall have listed
for taxation in the county or counties
wherein such real and personal estate
is located.
The value of such shares shall be as
certained by adding together the capt.
tai stock, surplus and undivided prof
its and deducting therefrom the
amount of real property owned by
said institution and divide the net
amount by the number of share in
said institution. Insolvent accounts
held by said institution may be de-
Quoted from the items of undivided
profits or surplus, sworn to and for
warded to the auditor by the cashier
of such institution.
If the treasurer shall have reason to
believe that the market or actual val
lie as given in is not it's true value, he
shall ascertain such true value by such.
examination and Investigation as to
him seems proper and change the value
as given to such amount as he aScer-
tains the true value to be, which ac-
ton on the part of the treasurer may
be reviewed by the superior court in
al action brought against the state
treasurer in his official capacity by the
party a~ggrieved; but no action shall
lie until all taxes, admitted by such
aggrieved party to be due, shall have
been paid or rendered.
In listing shares for state taxation
such bank, banking association or saw
ings institution shall file with the
treasurer of the state a statement
showing the name and residence of
each shareholder, the number of shares
held by each INC the taxable value of
such shares as fixed by the provisions
of this act, which statement shall be
in writing and subscribed and sworn
to by the president, cashier or some
other officer of the bank.
For the purpose of aiding county
commissioners n other municipal Of
ficerS in enforcing the law as to the
listing of bank shares by individual
shareholders for the purpose of county,
school n municipal taxation, it shall
be the duty of every bank or banking
oSSOSIdtIOh VI Saving INSTITUTION
whether state or nationaD to furnish
to the board of county commissioners
of each county wherein any of it's
shareholders reside a statement show
ing the names of all it's shareholders
resident in such county, with the num-
Der of shares owned by each and the
Xab value of such hare ascertain
ed from the statement herein before
required to be made by such bank,
banking association or savings instf-
tuition to the treasurer of the state.
1t shall also be the duty of the audi
tor to certify to the board of county
commissioners of ach county wherein
any of said shareholders reside a state
ment showing the names of all share
holders resident in such county, with
the number of shares owned by each
and the value of lei shares as as
certained by the statement herein be-
fore required to be made by such bank.
banking association or savings insti-
triton tO the freo SI1ror IF state