Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1905-05-06


shall fix the compensation.
SECTION All taxes imposed by this Act unless otherwise
herein provided for shall be due and payable at the death OF
the deceden and if the same paid within eighteen months
no interest shall be charged and collected thereon but not
paid interest the rate Of ten centum per annm shall DC
charged and collected from the time said accrued provided
that if said tax paid within six months from the accrung
thereof discount Of five per centum shall be allowed and 40
Quoted from said And in all where the executors ad
mnsators do not pay such tax within eighteen
months from the death of the deoeden they shall be required
to give bond in the form and to the effect prescribed in Sec
ton of this Act for the payment Of said together with
interest
SECTION The penalty of ten per cent per annum I'M
posed by Section hereof for the nonpayment of said tax
shall be charged in where in the judgment of the
court by of claims made upon the estate necessary i
CATION other unavoidable of delay the estate Of any
deceden part thereof be settled at the end OF
eighteen from the death of the dceden and in such
only per cent shall be charged upon the
said from the expiration Of said eighteen months until the
cause delay removed after which ten cent inter
est per shall again be charged until the tax pad but
litigation defeat the payment of the tax shall not be con-
! sdered necessary litigation
SECTION T. Any administrator executor trustee having
in charge legacy property for dstrbuton sub
ect to the said tax shall deduct the hererom, if the
legacy property he money he shall collect the tax there
on upon market value thereof from the egatee person
entitled to such proprty and he shall deliver be COM
PEELED deliver specific legacy property subject to tax
person until he shall have collected the tax thero and
whenever any such legacy shall be charged upon payable out
of estate executor administrator trustee shall col
ect said tax from the distrbutee thereof and the shall
remain charge such real estate until paid IT, however,
such legacy be given in money to person for limited Pc
riod the executor, administrator or trustee snail retain e
upon the whole amount but if it be not in money he shall
make application Circuit Judge having jurisdiction to
make apporonment if the require it, OF the sum to be
paid his hands by such leatees and for such further order
10 relative thereto as the case may require ~ ~
ct SECTION All executors administrators, and trustees
shall have full power sell much of the property of the dec
eent will enable them pay said in the
they be enabled by law do for the of debts
of the
h matter directed
SECTION o. Every of money retained by executor
administrator trustee paid into his hands, for tax
r. property shall be paid by him, within thirty days thereafter
the Treasurer of the Territory and the said Treasurer shall
gve and every executor administrator trustee shall TAKE
duplicate receipts for such payment of which receipts
No executor administrator trustee shall Immediately file will
the Circuit Judge having jurisdiction of the probate proceed
ngs whereupon shall be proper voucher in the settlement
of his and executor trustee shall
be entitled credits in his be discharged iron
III liability for such shall said estate be distributed unles
he shall produce receipt sealed and countegnd by tn
Treasurer copy thereof certified by him. and he the
or with the Court aforesaid
mr. SECTION Whenever any debts shall be proven agans
or of decedent after the payment of egaces dsr
ar button of property from which the said has been deuce
o upon which it has been paid and refund made by tn
eff egaee devsee heir of kin, proportion of the tax
rty deducted paid shall be repaid him by the executor admir-
strao trustee if the said tax has not been paid to til
ion Treasurer.
be SECTION H. If foreign executor, administrator or tru
or shall assign transfer stock obligations this TIE
be rtoy standing in the of deceden or in trust for dc
,a eden liable such the tax shall be paid to the Urea
of the Territory the transfer thereof No safe depos
sed company trustee company corporation bank or other nstit
on person having in possession under contr
p securities deposits other assets of deceden including
shares of the capital stock Of other interests In the sa
nd deposit company trust company corporation bank or other
lien ston making the delivery transfer herein provided sh
per- deliver transfer the the executors
legal representatives of said deceden their order
pay request unless notice of the time and place OF such intend
en- delivery or transfer served upon the Treasurer at least
per- days prior said delivery transfer shall such
the deposit company trust company corporation bank or o
Of institution person persons deliver transfer any secri
Cir deposits of the of deced
pay including the shares of the capital stock Of other nere
the safe deposit company trust company corporation ba
other institution, making the delivery transfer With
fled retaining sufficient portion amount thereof to pay any
fur and penalty which may thereafter be assessed of
delivery transfer of such securities deposits or other ass
including the shares of the capital stock of other interests