Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1902-01-10
BILL

"NN l-'r'''" ~ 'i" ''iii'l'i'''' VI 90"
judiciary.
a BILL.
Requiring an cOrapratiUHs engaged IN
Interstate gummgrre to Ole return,
WI,B the Secretary of the Treasury
disclosing their true financial cuhdi-
tigu, and Of their capital stock, Gli
imposing O tax upon such as have
outstanding capital stock unpaid 10
whole or in part,
BE q enacted by the Senate aul
House OF Gepres natives Of the Uuirni|
states of America in Congress assem-
biod. That every corporation engaged
d. Interstate commerce shalt, on OF be.
fore September first Of each year. Gla
a return with the Secretary of tnr
Treasury Of the United States, stating.
among other things, its name, date Oh
organization, where and when organ
lied, giving statutes under which It Is
organized. and all amendments there
Of: II consolidated. naming constituent
companies, and whore and when organ
i2cd, with the same information as IN
such constituent companies, so far rs
applicable. as is herein required Of such
corporation; II rourganiaed. name OF
original corporation or corporations.
with full rofcr ance u laws undGr which
all the reorganizatlons have taken
place, with the same information az to
all prior companies in The chain Of re-
organization, so far as applicable, as IL
herein required OF sucn corporation;
amount Of authorized capital stock,
shares into which Il Is divided. par
value whether common or preferred,
and distinction between each; amount
issued and outstanding; amount paid
IN whether paid in in cash, or prop.
Grty; II property, describing in dot al
the kind and character. with its cash
market value at the time it was r.
ceived in payment; total indebtedness.
giving nature OF same and purpose FOR
which II has incurred; in case of in
dcbtedness represented by mortgages,
notes, debentures. or other obligations,
amount authorized, amount issued.
amount outstanding. and cash realiztu
on same. date. rate of interest, aud
when payable: statement Of the as
sets at their present cash value. and
liabilities, with current assets and liza
bIlities total earnings and income,
operating expenses, interest. taxes.
maintenance, permanent improve
ments, net earnings, and dividends dc
clarcd, with rate and date during the
year preceding the first Of the preced-
ing July; salaries OF officials, aud
wages Of employees.
Said Secretary shall cause to be pre-
pared blank return for the use Of
such corporations containing the ioro-
going requirements and such others "a
may be necessary, so that said return
shall disclose the true financial Conli-
ton Of suck corporation and its capital
stock, and shall make such rules and
regulations as may, in his judgment,
b. necessary to carry out the purpose
OF this act The treasurer, or other
officer of such corporation having tho
requisite knowledge, shall answer on
oath all inquiries that may be mrie in
writing, under the direction OF tho
Secretary of the Treasury, relative to
Its financial condition or to It's capital
stock; such answer shall not be used
as evidence against the person making
II, except In prosecutions under thls
act. The treasurer of such corporation
shall make oath that said return ~
true.
Section ?. That whoever knowingly
swears to a return that Is false in any
material particular, or knowingly
Swears to an answer to any such in
quiry that Is false in any material mar
/ ticular shall be oVemed guilty Of per
jury, and punished as provided in Soc
tior. 1892 Of the Revised Statutes Of the
. United States. Whoever shall know
ingly prepare or cause 70 Ge prepared
a return or answer that Is false as
aforesaid shall be deemed guilty CT
subornation Of perjury and punished A.
aforesaid.
Section 3. That all corporations on
gagged In interstate commerce whose
outstanding capital stock is not fully
paid In in cash, or other .rOperty at its
cash marFJ value, shall pay annually,
on the Arst day Of September of each
year, to the Secretary of the Treasury
Of the United States, tax equal to one
per centum Of It's capital stock issued
and outstanding. II said tax shall re-
main unpaid for period OF thirty days
after the same shall become due, an
action OF debt may be maintained
therefor. for and in -le name Of tho
United States, against said corporation
for the recovery thereof Said tax shall
bear Interest from said first day OF
September at the rate of 6 per cen,um
per annum.
Said tax Is hereby maze first Hon
upon all the property and estate of such
corporations, Any corporation engag
ed In interstate commerce failing Ia
make such return, or whose treasurer
Or other officer shall fail to make the
answers aforesaid, or that shall fall
TO pay said tax within said thirty days,
| shall be restrained on the suit OF the
United States from engaging in infer
state coms'erc 1t shall be the duty
OF the Atfrrney General OF the Unitel
/ States, at the request Of said Secretary
10 enforce the provisions of this act.
Suit may be Drought in any district
where such corporation has an estab-
lished office or place Of business.