Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1907-03-08
An Ordinance.


empIot g In Banks or Corpor a'loL
located within and dong business n
the city Of Americas, and to r. qute
aIiresl estate and persousi proper y
in the city Of Americas held or own d
by any bank or corporation, 20 be
reiuroed for taxation separately
whether the value thereof is represen-
ted in the market value of It's shares
or not, and 70 tax the suplus and on
divided profits of such Bank or Cor
porstior, and for other purposes.
Sec l. Be- is enacted and ordained
by me Mayor and City Couocil OF
Am -rIcus, and it Is hereby ordained by
authority Of TIE same, that from and
after the passage of this Ordinance no
taxes shall be assessed upon toe capital
of any bank or corporation located in
the city of AmerIcus, but the shares Of
the stockholders of such bank or
corporation whether resident or non.
resident owners, ard its surplus and
undivided profits, shall be taxed by the
Mayor and City Council of Americus
at their true and full market value, at
the same rate az provided by annual
ordinance of taxation of capital in the
hands of private individuals.
Sec 2, Be it farther enacted and
ordained by the authority aforesaid
that the President of any Bank or
corp ration located within or doing
business in the city of Ametloue, ehan,
on the first day of April Of each year,
or IS soon thereafter ss practicable, file
with the Clerk & Treasurer of said city,
list of all the shareholders in said
bank or corporation, sworn to by him,
and showing the number of shares beld
by each on the first day of April of that
year, the address of each, the true and
full market value of the stock, aud the
amount of surplus and undivided pro
fits of said bank Incorporation on said
date.
Sec. g. Be it further enacted and
ordained by the authority aforesaid
that all real estate and personal pro-
perty in the City of Americue, held
or owned by any Bank or corporation
located within or doing business in said
city, shall be by such bank or corpora
ton returned for taxation TO the CLERK
& Treasurer of said city, separately
whether the value thereof ia repre-
sented in the market value Of it's shares
or not; and 1t shall also return the
surplus and undivided profits of said
bank or corporation when same are
not included in the maket value Of its
shares
Sec 4. Be 1t further enacted and
ordained by the authority afore-
said that it shall be and it is hereby
made the duty of the CLERK & Treasure
er OF said City to receive and list
separately, and not otherwise, all real
estate and personal property in the
CITY of Amerlous held or owned by any
bank or corporation located within or
doing business in said city. whether
the value thereof is represented in the
market value of it's shares or not, and
also the surplus and undivided profits
of said bank or corporation when same
are not included in the market value Of
it's shares.
Sec. 5, Be it further enacted and
ordained by the authority aforesaid
that in any such returns of real estate
or personal property IN the city of
Amerlcue, held or owned by any such
bank or corporation where such bank
or corporation shall make it appear
that the value of such real estate or
personal property is represented in
rhe market value of its shares, eaid
real estate or personal property shall
nevertheless be returned separately by
such bank or corporation as hereinbe-
fore, in this Ordnance, provided, bat
such bank or corporation shalt be
Untitled to and receive credit for the
r 'urned value of such real estate or
ersonal property upon the returns of
lie shares of stock at the market value
thereof, and such last named returns
reduced the amount of the returned
value of such real estate.
Sec. g. Be it further enacted and
ordained by the authority aforesaid
tn 1t all ordinances and parts of ordin-
ances in conflict with this ordinance be
aud The same are hereby repealed.
Adopted Feb. 2, 1907.
L. n. HAWKES., G. 81 Tr.