Pine Bluff daily graphic., 1912-06-01

Items shall be deducted from the gum of the first. second and third items and the remainder shall he deemed 10 be the aggregate value of the unpledged shares of stock outstanding. Said sum shall be used SIS q basis tor assessing the shares of stock of said building and loan association and the assessment shall be against the assoc iation as agent for its stockholders. The aSsocla tion shall pay the tax <" assessed ana shall have & lien on the uupledstd shares of stock outstanding on February | lst. the year the assessment is made for the amount SO paid, Any rontia', attempting to impose upon the pledged shares of stock in q building and loan association any part of the tax assessed above provided shall be null and void
 Section 2s. Every power. hea ting electric, gas water. street ear. toll road. toll bridge and other similar corpora tion, commonly known as a public utility corporation doing business in tniS State except railroad. telegraph, teie- phone, express. sleeping car and pipe line companies the assessment of whose property is otherwise provided forl shall. through it's president. secretary or principal manager or officer. ahnn- ally. on February list. make and file with the Arkansas Tax Commission statement in which shall be distinctly set forth:
 l. The name and principal office or the corporation.
  | standing common stock; the market, and | if no market. the actual value of same. 3. The total face value of all out | standing preferred stock: the market. l and if no market. the actual value or l such stock.
 l 1. The total outstanding bonds and l other similar securities by whatever | name called. secured by mortgage or 1 deed of trust on any part of the prop l erty belonging to said company: the l market and if no market, the actual value of same.
 D. The assessed value of all real es- | tate belonging to the company. 1 The total of the second third and 1 fourth items less the fifth shall be deemed to be the value of the personal
 property of the company. It is the l purpose of this Act to tax everything | that adds to the value of the stocks and bonds of the corporations described i in this section. including every kind or l incorporeal and intangible property, such as easements and franchises of every I kind, except the right to be corpora l tion; provided. that in the year 191 , l the corpora tions. whose assessment IS provided for in this section. shall make i the return herein prescribed and file 1 the same with the Arkansas Tax Com | mission on or before tne first of July l of said year.
 Section 29 The Arkansas Tax Com | erty of the several corporation set out l in section 2S hereof at the same time and in the same manner as 1t assesses ;! the property of the railroads and e1
 telegraph. telephone express, sleeping car and pipe line companies. It shall l keep a record of the assessments of 1 such corporations as made by it and 1 shall certify out to the several assess
 ors of the State the valuations. as de l termined by it. of the property of tho corporations mentioned in said section
 2S of this Act. The assessors shall en ter upon their books the assessments SC certified to them in tile same manner as they enter the assessments of tn. l railroads and of telegraph telephone express. sleeping car and pipe line companies.
 Section 30. All corporations doint business in this State. except corpora tionS whose property is assessed by tn. 1 Arkansas Tax Commission and the cor
 porations required to make and filt the special returns prescribed by sec
 tions 25 and p of this Act shall, il
 addition to the lists prescribed by sec
 ton 16. IS. 19. Fl and 22 hereof. make
 and file with the assessor statement
 whetein shall be distinctly set forth
 1 The name. location and principa
 office of the corporations.
 ,. The number of shares of stool
 of said corporation outstanding and til, face value of each share.
 g. The market value of each share and if no market, the actual value O l each.
 4. The aggregate actual value O market value. as the case may be. 0 ! all outstanding stock.
 5. The total bonds of the corpora ton secured by mortgage or deed O trust on property belonging to the com
 pany. and the aggregate market valu or actual value of such bonds.
 G.. The assessed value of all real es
 tate owned by the company.
 z. Tiie .yalue of all tangible persona
 property owned by the company and as
 se$sed under either section 16. IS. I! ! 2l. or P hereof r
 The sum of items four and five. les the sum of items six and seven, shal be held to be the value of the intan
 .ible property of the corporation an'
 shall be' listed and assessed by the cor
 poratior as agent for it's shareholder Under the heading Intangible Prop erty." 'A Section 31. The corporations reauire to make the return provided for in sectio 30 of this Act shall list and assess thei tangible property. real and persona nn tfe proper form as provided by sec E-t.ons. 18. IS. 19, 21. and 22 hereof. Tn ,l return prescribed by section 30 hereo Is required in addition to the rcgula
 lists provided by this Act, and it's pur
 nose is to secure the assessment of tn intangible property belonging to tn corpora tion
 required by sections 1G. IT. IS. 19. ? 21. g. 25. P. 2S and 30 of this Ac must be subscribed and sworn to by tn person making and filing same. Sai oath shall be in the following form :,
 swear Cor affirm) that the list lis of pror . erty as now rendered by me contain
 all the personal property which I ar by law required to list for taxation fo
 mySelT tor as .,l
 that each answer made by me in sai ! statement is in every respect true: tina
 have valued each item of property a 2 it's true and full value ;n money: an
 that in fixing the value of said propert i I have not taken same at an amour
 below it's true and full value in none !. becarse of the fact that I was assess ing said property for taxation" Il Section 33. Except as may be D Ithis Act otherwise provided all proI 1 arty shall be listed and valued as o the first day of February in, the yea ] in which same is assessed. and the tran. s l 'er or sale of any taxable property sul Iequent to the first day of Fe5ruar : shall not authorize any person to om : the same from any list although sue 2 list shall not be made until after ti . sale or transfer of such proDerty. bl all such property shall be listed ft 2 ! taxation in the same manner as if r : sale or transfer thereof had been mad