Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1910-02-08
ONE OF MANY BILLS BARS
DEPOSITS FROM TAXATION.


TRENTON, Feb. S.-Among the bills
introduced in the Senate last night was
one of Senator Gaunt, amending the
law concerning the assessment and
collection of taxes on deposit in say
ipgs banks and trust companies. The
bill is a revision Of the laws OF 1903.
The bills introduced in the Senate
were as follows:
BY Mr.. Leavltt-Supplement TO the
act for the protection of certain kinds
of birds, game and fish. Regulates
their capture and provides open and
closed season for sucr capture (Rey.
1868. Changes the open season for
goose. duck, swan. brant, or any kind
of water fowl on the Delaware river
and bay to between the first day of
September and fine twenty-ffth day of
March of each year.
BY Mr.. Leavitt-Coedes title to any
religious corporation adversely holding
land against a municipal corporation
where such land has not been used
by said municipality for municipal pur-
poses for more than twenty-five years.
BY Mr.. Leayitt-Amends the act OF
April Z. 1892, concerning the laying out
of lands dedicated for public parks by
vacating the same wherever the land
dedicated has not been acquired and
used for park purposes.
Would Exempt Deposits from Tax.
BY Mr.. Gaunt-Amends the act for
the assessment and collection of taxes
by amending Section 16 so that de-
posits in a savings bank of this State,
taxed by virtue of the section as amend
ed, shall be exempt from taxation;
also amends Section II of the act by
providing that shares of stock OF
every national bank doing business
within this State, or any State bank
or trust company of this State, shall
be ASSESSED against the stockholders
in the taxing district where the shares
of stock are found; also that each
share of stock shall be ascertained and
fixed by adding together h amount
of it's capital, surplus nj undivided
profits and deducting therefrom the
assessed valuation of its real estate,
together with the value of all property
exempt from taxation belonging to
such corporation, not, however, ex-
ceeding the amour Of its surplus n
undivided profits. and by dividing the
number of its shares. 1t shall be the
duty of the officers to give a true
statement of the amount Of it's capital,
surplus and undivided profits, Of its
real estate and Of its property claimed
to be exempt from taxation, under
oath. The act is intended to meet a
recent decision concerning the taxa
ton of bank stock. y
BY Mr.. Fielder-Similar to the Nor
ris Canal abandonment bill of Janu-
airy 81. providing for the abandonment
of the waterway. or such portion
thereof as lies in the County of Hud-
son between the Hackensack and Hud-
son rivers. The new act is a special
act containing necessary proofs Of pub
LEGATION.
BY Mr. Fielder-Provides that in the
event of the death of the Mayor Of any
city the president Of the Common
Council thereof will act as Mayor, dis
charge all the duties and receive the
same salary and be under the same OBJ
legations as the Mayor OF such city
until tho next general election.
BY Mr. Plummcr-Provides for the
organization and management Of a
board of trustees Of the poor in coun-
ties of tho third class, In this State, TO
AXE the place of the Board of Free
holders. to be elected by them for the
purpose of managing and conducting
~almshouses and other matters pertain
ing to the care Of the poor.
To Regulate Loan Law.
BY Mr.. Silzer--An act to regulate and
control the business of making loans
and pledges of personal property, the
| chattel mortgages, or assignments of
salaries or wages. Gives the control of
the same to the Common Council or
other governing body OF the municipal
ity. Makes 1t a misdemeanor to vio-
late the act, ana provides thai it shall
not be held to apply to pawnbrokers.
who arc 10Y regulated by law.
BY Mr.. Minch-Supplement to the
borough act Grew. 1S97), which provides
that any surplus revenue derived from
any municipal water. supply or other
system operated by said borough may
be appropriated annually by Council
for any lawful purposes to which taxes
may be applied.
BY Mr.. Acknowledgement the Ack-
erman civil service law of April 10,
1908, by consolidating the offices OF
chief examiner and secretary, and fix-
ing the salary of the new Official at
$4,000 per year., limits the expenses OF
the commission to 100000 a year, as at
present.
BY Mr.. Mills-Authorize township
committees at general expense to pro-
vide for the lighting of any roads
opened and used for a period of more
than twenty years.
BY Mr.. Gebhardt--Loeal option act.
Similar to the Plumrner local option
act of last year: to be held in accord
ance with the provisions of HE general
election law of 1888.