The Sentinel=record., 1912-06-06

the aggregate value of the unpledged | shares of stock outstanding. Said sum
 | shall be used as a basis for assessing | the shares of stock of said building and | loan association and the assessment 1 shall be against the association as ' agent for It's stockholders The associa- ! tion shall pay the tax so assessed and l shall have a lien on the unpledged shares | of stock outstanding on February | lst, the year the assessment is made, | Tor the amount so paid. Any contract | attempting to impose upon the pledged | shares Of stock in building and loan 1 association any part of the tax assessed | as above provided shall be null and i void.
 | Section 2S. Every power heating,
 electric, gas. water. street car, toll road | toll bridge and other similar corpora | ton, commonly known as a public utility 1 corporation doing business in this | State (eXcept railroad. telegraph. tele- | phone, express, sleeping car and pipe | line companies the assessment of whose | property is otherwise provided for), | shall, through it's president secretary 1 or principal manager or officer, annu- | ally. on February ist make and file with the Arkansas Tax Commission a
 statement in which shall be distinctly | set forth;
 1. The name and principal office of | the corporation.
 9. The total face value of ali out standing common stock, the market. and | AA Nb llni httt tue dtAudi Ndlht tA Salitits 3. The total face value of all out
 standing preferred stock; the market, 1 and if no market, the actual value of
 such stock.
 {. The total outstanding bonds and other similar securities by whatever name called, secured by mortgage or | deed of trust on any part of the prop erty belonging to said company; the
 market and if no market, the actual value of same.
 5. The assessed value of all real es- | tate belonging to the company. The total of the second, third and | fourth items less the fifth shall he l deemed to be the value of the personal purpose of this Act to tax everything | that adds to the value of the stocks and bonds of the corporations described | in this section. including every kind of incorporeal and intangible property. such as easements and franchises of every kind except the right to be a corpora l tion' provided, that in the year 1911. the corporations. whose assessment is provided for in this section, shall make l the return herein prescribed and file the same with the Arkansas Tax Com mission on or before tne first of July of said year.
 Section 29. The Arkansas Tax. Com
 mission shall assess the personal prop erty of the several corpora tions set out in section 2S hereof at the same time and in the same manner as it assesses iHe property or the TallrOadS, and or telegraph. telephone. express. sleeping
 car and pipe line companies. It shall keep a record of the assessments of such corporations as made by 1t and shall certify out to the several assess 1 ors of the State the valuations. as de- termined by it, of the property of the corporations mentioned in said section 2S of this Act. The assessors shall en- ter upon their books the assessments so certified to them in the same manner as they enter the assignments of the railroads and of telegraph, telephone | express sleeping car and pipe line companies.
 Section 30. All corporations doins | business in this state, except corpora | tions whose property is assessed by th' Arkansas Tax Commission and the cor porations required to make and fil' 1 the special returns prescribed by sec | tions 25 and 27 of this Act, shall, iI | addition to the lists prescribed by sec | tion 16, IS, 19, .21 and 22 hereof mak' | and file with the assessor a statemen | wherein shall be distinctly set forth l 1. F The name, location and principa
 | office of the corporations.
 l 2 The number of shares of stOcl
 l of said corporation outstanding and tn
 1 face value of each share
 g. The market value of each share
 and if no market, the actual value o
 | each.
 {. The aggregate actual value O
 | market value IS the case may be, O
 I
 1 D. The total bonds of the corpora
 1 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 reaR es l tate owned by the company | '. The value of all tangible persona l property owned by the company and Rs | sessed under either section 16, IS. 19 | 2l. or % hereof.
 The sum of items four and five les, i the sum of items six and seven, sinai l be held to be the value of the intan- gible property of the corporation and shall be listed and assessed by the cor poration as agent for it's shareholders 1 under the heading Intangible Prop erty."
 Section 3i The corporations required to make the return provided for in sectior 30 of this Act shall list and assess their tangible property. real and personal on the proper form as provided by sec tions, 16. 1S 19. 21, and 22 hereof, Tue return prescribed by section 30 hereof is required in addition to the regular l lists provided by this Act and its pur- | pose is to secure the assessment of the | Intangible property belonging to the | corporation
 required by sections 16 17. IS. g 20 | 21. 22 25 27 2s and 90 of this Act must be subscribed and sworn to by tho l person making and filing same Said oath shall be in the following form: swear Cor afffrm) that the list of prop 1 erty as now rendered by me contains all the personal property. wiicir ain I by law required to list for taxation for myself Cor as,........... ..........I..) | that each answer made hy me in said statement is in every respect true: that
 I have valued each item Of property al l it's true and full value Tn money. and | that in fixing the value of said property l I have not taken same at an amount ! below it's true and full value in money because of the fact that I was assess 1 ing said property for taxation" l Section 33. Except as may be by | this Act otherwise provided all prop | erty shall be listed and valued as or l the first day of February in the year | in which same is assessed and the trans | fer CT sale of any taxable property sub l sequent to the first day of February 1 the same from any list, although such | list shall not be made until after the | sale or transfer of such property. but | all such property shall be listed for | taxation in the same manner as if nc | sale or transfer thereof had been made l But where bonds of the United States | have been purchased by any individual
 | or firm during the year prior to tht
 | first day of February and such indi vdual or firm is claiming exemption | because Of such bonds. where property | is required to be listed as of that day
 | the value of such bonds in money shall 1 be divided by twelve and the quotient | shall be multiplied by the number of | remaining after deducting the time
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