The Barre daily times. (Barre, Vt.) 1897-1959, 1911-03-25
STOCKHOLDERS NAMES.
Law Says Commissioner of Taxes Must
Have Them by April S.

A"'N AhNpi Wy NPiH -
BY an act passed by the last tgi,-
lature it now becomes necessary fol
every domestic corporation to file Will
the state commissioner OF taxe. on d
before the fifth day Of April, The name
and residence Of each shareholder in
the corporation. as well as the number
OF shares standing IN the name OF each
shareholder and the par value ot such
shares Formerly the lists were filed
with the town and city clerks. 1t was
stated in the office Of the tax com
missioner yesterday that none Of the
lists had as yet been sent to the Office
and that in fact the blanks on which
the returns are to be made had not been
formulated. II is a question, owing TO
the large amount of work in the com.
missioner's Office. whether the blanks
will be printed and sent ont for &c.
turns within the specified time. Follow
ing are the amendments to the see.
tions Of the public statutes relating to
the matter:
Section 5l7. / Every domestic cor
porstion by its clerk treasurer or other
proper officer, and cashiers Of national
banks shall annually on or before the
fifth day ~ April, ile with the COM
missioner Of taxes, on blanks TO he
furnished by him, sworn returns, show.
ing the name and residence Of each
shareholder therein the number of
shares standing IN the name Of each
f ia ~ .1,,4 t43
last named month. and the par value
of such shares.
2. Every foreign corporation doing
business in this state shall in like
manner file similar returns showing the
name aud residence Of each individual
shareholder therein residing within this
state, the number Of shares standing
in the name Of each shareholder 50 re-
siding in this state, and the par value
Of such shares.
3. Said commissioner shall certify to
each lister and town clerk the names
Of all persons residing in their re-
spertyc towns who are shareholders in
such corporations. the name Of each
corporation whose shares are thus held
the number OF shares standing in the
name OF each shareholder. and the par
value Of each share: also the names Of
III corporations organized under the
laws OF this state whose principal Of
fee or place of business is located in
their respective towns; the names of
MI nonresident shareholders in such
the number of shares out
III the name Of each non-resi-
dent shareholder and the par value
thereof.
Sec , Section 5l3 Of the public stat.
ltes is hereby amended 50 as to read as
follows:
Sec sis. Stock held a. collateral 80
'uitv and which ha@ been transferred
ipon the books of the corporation shall |
&c returned as provided in the pre-
'rdug section.
See. 80. J. A person who does not
make the returns required Of him in /
he two preceding sections shall he fined
not more than five thousand dollars: 4
ind corporation whose officials shalt /
all TO make aud file the returns re- /
luired in the two preceding sections
within the time therein specified. shall !
orfeit to the state five dollars for
'ich day. neglect, which may be re
oyered with costs ID an action Of debt 4
brought under the provisions OF this
ection ii the name Of the state and i
eturnable 10 any comfy or municipal .
curt
, liza court wherein an action is pend /
ne 70 recover such forfeiture or the +
Of taxes is satisfied that I
aid default WAS on account OF failure (
a receive blanks or other rea souable /
ause. said court or said commissioner
u their discretion may waive such for
ietures in whole or IN part.