The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1907-03-11

value thereof apportioned to said eoun-
| ty and to said city or town. and the
name and. residence or place of business
of the owner, and all other necessary
| particulars, and the said property shall
thereupon be assessed by the county Tax
| Assessor and local authorities of such
| city or town for taxation in like manner
| as the property and shall be taxed and
! the taxes thereon shall be collected as
| in the case of other property. And SO
| long as any corporation, company or as
| sociation shall pay all ad valorem taxes
| on such property required by law, the in
dividual stockholders thereof shall not be
required to list its shares of stock for
| taxation, or to pay ad valorem taxes
on said shares. nor shall any such com
pany, corporation, association, person or
persons complying with the provisions of
| this Act be required to pay any other
| state, county, or city, ad valorem taxes
| on any of its intangible property in this
| State.
| Sec. 10. Every person and association
| of persons, and every company. corpora
| ton or association, embraced within the
| provisions of this Act, which shall fail
| to make the return and statement. or
any of them, herein provided within the
| time herein limited, or which, after rea-
| sonable notice, Shall fail to give any ad-
ditional evidence or to furnish any ad-
ditional information required by the said
| State Tax Commission by authority or
| this Act shall forfeit and pay to the
State the sum of dfty dollars for each
and every day during which 1t shall con
tnue In default, which shall be recov-
cred by suit in any court of competent
| jurisdiction in any county in this state
| in which the business of such person,
association, company or corporation Is
| carried on
| Sec. II. If any person, association, COM
| pany or corporation embraced within the
provisions of this Act shall fail to make
| the returns and statements, or any of
| them, required by the provisions of this
| Act or to furnish any other informa-
| ton lawfully required of 1t within the
time limited, the said State Tax Com
| mission shall have the power, and 1t
shall be its duty, to acquire the neces-
| sary information from any other source
upon which to base an aseertainment OF
the value of the intangible property or
| franchise of such person, association of
| persons, company or corporation ana
shall proceed to ascertain the value OF
such property
Sec. IL. If the property of any per-
son, association, company or corporation
| shall be in the hands of any receiver,
assignee trustee in bankruptcy or other
person holding under any court or for
| the benefit of any creditor or creditors,
! then the statements, reports, nforma-
| ton books and papers aforesaid shall be
| furnished by said receiver, assignee,
trustee or other persons. or by some offi-
Ger or agent acting under him, In the
| same manner and to the same extent as
| is hereinbefore provided in cases where
the individual or the corporation, COM
pany, or association is in possession.
Sec. 49, Upon the taking effect of this
Act and upon complying with It's provi-
Inf1 hxr tha ff11i 10 r.
porations and associations hereby affected.
| and upon the payment of the taxes I'M
| posed hereunder, If any are imposed, said
individuals, associations companies or
corporations, shall not be required to pay
any taxes upon their gross receipts.
Sec. IA. In the event there shall not be
a board known as the State Tax Commits
sion in this State, the returns herein re-
| uuired to be made to said Commission
shall be made to- and all the powers
| herein conferred on and duties required
| to be performed by said State Tax
Commission are hereby conferred on anu
| required to be performed by the state
| Commission, are hereby conferred on and
Board of Assessment now authorized by
law to assess the tangible property of
railroad and other companies, or any
board or official hereafter created for
such purpose.
Sec. TO- In any assessment by State,
| county OF municipal authority of the
franchise, or intangible property, of any
| person, association, company or corpora
ton subject to the provisions or this
Act it shall be sufficient to describe the
franchise or intangible property herein
made subject to taxation ON the assess-
| ment books, or rolls as, The
portion of mame of county of
city or town of the franchise or in
tangible property of -- name of
| owner of such franchise or intangible
| property)
Sec 1914. That In cases where there Is
no provisions of law authorizing the col
lection OF taxes by suit. the taxes which
shall become due under the provisions
of this Act to any county, city or town.
NAV. after the same shall become de-
| linquent, be collected by any county
city or town by suit In any court OF COM
petent jurisdiction
| Sec &c. That this Act shall go into
effect Immediately upon its passage and
approved. and all laws and parts OF laws
In conflict or inconsistent with the pro-
hereby repealed.
| Approved March a. 1907
Offcial
Frank N. Julian,
Secretary of States
No. 257) AN ACT. on. bl2
| To amend an act entitled an act to reg
| ulate the collection of the poll taxes In
the State of Alabama, approved Feb
|