Condon globe. (Condon, Gilliam Co., Or.) 189?-1919, 1906-12-21

utes OF Oregon, complied and annotated By
Hon Charles Il. BeilInger and William w.
Cotton. and 90 repeal all acts and parts Of
acts In conflict herewith.
he II enacted by the people OF the
state Of Oregon;
(Asseasment and taxation Of stock and
shares In national and state banks.)
Section / 4. The stockholders or share
holders Of every corporation bank locat-
cd within this state, engaged princl-
pally In the business OF banking, lend
Ing money, receiving money ON deposit,
buying or selling bullion, bills OF ex.
change, notes, bonds, stocks, or other
evidences Of Indebtedness, view 20
profit, whether such bank be organized
for banking purposes under the laws OF
this state or OF the United States, shall
be assessed and taxed on the value OF
their shares Of stock therein. Such
shares shall be assessed only with re-
gard to the ownership and value thereof
ON the first day OF March, at the hour
Of o'clock n. m, In each year, at the
place required by law.
| Statement 10 be furnished assessor by
cashier or accounting oiiicer.)
Section 2. To aid the assessor in de-
tcrmlng the value OF such shares OF
stock, the cashier or other accounting
officer OF every such hank mentioned In
the first section OF this act liz hereby re.
quired 10 furnish statement TO the as-
SCISSOR OF the county where the same Is
located, between the first day OF April
and the fifteenth day Of May in each
year, verified by cath, showing the
amount and number OF such shares Of
the capital stock OF such bank, the
amount OF Its surplus or reserve funds,
and the amount OF its undivided profits
at the hour OF / O'Clock a. m. OF the
first day OF March preceding, the actual
and cash value OF all real estate owned
by II In this state, or elsewhere, and
the location Of the same; also the cash
value OF the securities OF the United
States owned by 1t.
(Ascertainment Of value OF stock-De-
ductions for real estate and exempt
property.)
Section 8. Real estate owned by
such bank and situate in this state
shall be assessed and taxed as other
real estate il assessed and taxed. The
assessor shall deduct the amount Of all
investments in real estate from the ag-
gregate amount Of such capital stock,
surplus fund, and uiIivided profit, and
the remainder shall be taken as basis
for the valuation Of such shares Of stock
in the hands OF the stockholders sub
ject TO the provisions Of law requiring
all property TO be assessed and taxed at
its full and actual cash value.
tShares Of national banks not located
within state exempt0
Section 4. The shares OF capital
stock Of national banks not located in
this state, held in this state, shall not
DO required to be assessed or taxed.
tBank to keep and furnish list Of stock
l holders.)
Section 8. In every bank and bank
ing office mentioned in section Of this
act there shall be kept at all times a
full and correct list Of the names and
residences OF stockholders, owners, and
parties interested therein, showing the
number OF shares and the amount held,
owned, or controlled by each party in
interest, which list shall be subject to
the inspection OF the officers authorized
to assess property for taxation. II
shall be the duty Of the cashier or other
accounting officer of each bank or bank
ing institution to furnish the assessor
with copy Of such list annually, be-
tween the first day Of April and the fif-
teenth day Of May in each year, show.
ing the facts in this section specified MS
OF the hour OF O'Clock a. IN. on the
first day Of March previous.
assessment Of foreign banks, etc., and
local companies and persons not prin-
cipally engaged in banking.)
Section Q. Every company, associa.
tion, building and loan association,
trust company, or other corpora.
tion, joint stock company, or copart-
nershlp, or person, NOT mcorporat
ed for banking purposes under the
corporation laws OF this state or Of
the United States, who shall keep
an office or place of business and engage
in the business of banking, lending
money, receiving money on deposit,
buying selling bullion, bills Of exchange,
notes, bonds, stocks, or other evidences
of Indebtedness, with view to profit;
and it is hereby made the duty of the
cashier, managing officer, and account
ing officer of every company or associa-
tion, including building and loan and
trust companies, incorporated under
the laws of this state which engages in,