The log cabin Democrat. [volume] (Conway, Ark.) 1901-1982, 1912-06-20

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property not falling under one of the
above heads employed in said business
Section 20. The accounting officer of
every bank. whose capital is not repre-
scented by shares of stock. and every
broker and stock jobber shall make
sworn statement N which he shall set
forth:
l. The amount of money on hand or
Q The amount of funds in the hands
of other banks, brokers or Others sub
ject to draft.
3. The amount of checks or cash
preceding items.
4. The amount OF bills receivable.
discounted or purchased. and other
credits due or to become due including
but not due and interest due and not
paid.
5. The amount of bonds and stocks
of every kind and shares of capital stock
of joint stock companies or corpora
lions held as an investment or in any
way representing assets.
6. The value of all Office fixtures.
furniture. safes and vaults.
7. All other property pertaining to
said business.
s. All real estate at its assessed
valuation
g. The amount of all current deposits.
10, The amount OF all accounts pay
able other than current deposits.
The sum of the first. second, third.
fourth, fifth, sixth. and seventh items
less the sum of the eighth, ninth and
tenth items shall be deemed to De the
amount of capital employed in the bank
ing or brokerage business as the case
column in the assessors personal book
under the heading, Money Invested as
Banker of Broker"
Section 81. Each person required to
list property shall make out and deliver
to the assessor a statement of all per-
sonal property required 10 be listed by
him. said statement which shall not
include any property included in
special list, sh@i distinctly set forth:
/. The number of mules. horses and
asses of all ages and the value thereof.
2. The number of cattle of all ages
and the value thereof
8. The number of sheep and number
of goats of all ages and the value
thereof.
4. The number of hogs of all ages
and the value thereof.
5. The number of vehicles. including
wagons, carts, carriages, buggies. blcy
cles, motorcycles, automobiles or other
vehicles of whatsoever kind and the
value thereof.
e.. The number of watches and the
value thereof.
Z. The number of pianos and organs
and the value thereof.
s. The value of gold, silver, plated,
O. The value of diamonds and
jewelry.
10. The value of every annuity. roy
atty and patent right.
IL. The value of every steamboat
sailing vessel. wharf boat. barge or
other watercraft.
u. The amount of money on hand
or on deposit in any bank or with any
person in or out of this State.
IS. The amount of credits. including
book accounts. notes and claims of every
kind as provided by paragraph IL. sec
ton S. of this Act
IA. The amount and value of bonds
of every kind whether secured by mort
gage on property or issued by corpora
tons or persons, in or out of this state
Is. The value of furniture. fixtures
appliances and appar9 tus used in the
conduct of business iT eating houses
pool and billiard rooms, barber shops
ten pin alleys, bowling alleys. moving
picture shows. theaters and similar
places.
16 The value of improvements in
Guiding warehouses. oil tanks and eat
ing houses. not owned by railroad or
other company, but on the Ian is the
title of which is vested In such COM
II. The value of all improvements
on lands, the fee Of which is still in
the United States.
sonal property not included in the pre-
ceding items.
Section %. Every Incorporated bank
through it's president, cashier, principat
make and file with the assessor state
ment setting forth:
l. The amount of capital, whether
divided into shares or not actually paid
in. or secured to be paid in. by note or
otherwise, or in anywiSe procured or
furnished, to be employed in the bank
ing business.
.. The amount of surplus and undi-
vded profits arising from the bus ness
and belonging to the bank, whether in
its possession or under its control. or
loaned or otherwise invested for it's
benefit.
3. The value of all fixtures, furni-
ture or other property that has been
cl arged off to profit and loss account
A. The value of any real estate own
ed by the bank as same has been as
sessed for taxation.
The sum of the first, second and
third items less the fourth shall be
erty of the bank employed in the
banking business for the current year
by such bank. Said sum shall be taken
as a basis for assessing the shares OF
stock of said bank
Section %. The total value of the
property of the bank employed in the
banking business as determined by APP
plying the rule laid down in section %
total value of all shares of stock of
said bank. The returns required to be
made under section % hereof shall be
made by the person required to make
,
of the bank. The assessment shall be
made against the bank in the aggre-
gate as agent for the holders of the
shares of stock. The taxes assessed
a5ainst the shares of stock so istei
shall be paid by the bank and il NAV re-
cover from the owner or owners of
such shares the amount of taxes paid.
or deduct the same from any dividends
accruing on said shares The amount
OF taxes paid by any bank on shares of
stock as herein provided shall be a first
lien on such shares. and shall be paid
before a transfer of such shares of
stock can be made.
Section "a. Every person. associa-
ton OF persons, company or corporation
whether authorized by law to issue
notes for circulation or not. that shall
keep an office. counting house. or other
place for the transaction of business in
this state. and shall discount buy. sell
or exchange notes. bonds. stocks certi-
fiCates of public debt. claims or demands
with a view to profit shall be deemed
to be bank within the meaning of this
Act.
In assessing the shares of stock of
any bank, State or National. as herein
DrONi led, no credit allowance or de-