The Forrest City times., 1912-06-07

In paragraph 13 section b. hereof, be- longing to said business | The value of all other personal i 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- sented by shares of stock and every broker and stock tobber shall make a sworn statement in which he shall set forth.
 I. The amount of money on hand or
 The amount of funds in the hands of other banks. brokers or others. sub iect to draft
 2. 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 accounts receivable and interest accrued out 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 tons held as an investment or in any way representing assets
 6. The value of all office fixtures. furniture. safes and vaults. :. All other property pertaining to said business.
 &. All real estate at it's assessed valuation.
 9. 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 be the amount of capital employed in the bank ing or brokerage business, as the case may be, and shall be entered in the column in the assessors personal book under the heading. Money Invested as Banker of Broker.
 Section 21. Each person required to i ItsTf aln1l to the assessor a statement of all per sonal property requreu 10 be listed by him. Said statement. which shall not include any property included in a special list, shall distinctly Set forth: l. 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.
 ,. The number of sheep and number of goats of all ages and the value thereof
 i. The number of hogs of all ages and the value thereof.
 ! The number of vehicles including wagons, carts. carriages. buggies, bicy- eles. motorcycles. automobiles or other vehicles of whatsoever Kind and the value thereof
 6. The number of watches and the value thereof.
 :. The number Of pianos and organs and the value thereof.
 <. The value of gold. silver, plated and cut-glass ware
 9. The value of diamonds and iewelry
 To. The value of every annuity. roy alty and patent right
 Il. The value of .very steamboat. sailing vessel wharf boat, barge or other watercraft
 i2. The amount of money on hand or on deposit in any bank or with any person in or out of this State.
 l3. The amount of credits. including book accounts. notes and claims of every kind as provided by paragraph 13, sec tion 5, of this Act.
 14. 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
 15. The value of furniture. fixtures appliances and apparatus used in the conduct of business in eating houses pool and billiard rooms. barber shops ten pin alleys, bowling alleys. moving picture shows. theaters and similar places.
 if. The value of improvements in cluding warehouses. oil tanks and eat ing houses. not owned by railroad or other company. but on the lands the title of which is vested in such com pany.
 r. The value of all improvements i on lands. the fee of which is still in the United States.
 IS The vaiue of all articles of per sonal property not included in the pre- cediug items.
 Section p Every incorporated bank through it's president. cashier principal manager or principal accountant, shall i 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- vided profits arising from the business and belonging to the bank. whether in its possession or under it's control. or i6aned 0r otherwise invested for it's benefit.
 3. The value of all fixtures. furni- ture or other property that has been charged off to profit and loss account.
 4 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 deemed to represent the personal prop efty Of the bank employed in the banking business for the current year by such bank. Said sum shall be taken as a basls for assessing the shares of stock of said bank
 Section 23. The total value of the property of the bank employed in the banking business as determined by ap- plying the rule laid down in section 22 hereoI' snail be taken 10 represent the total value of all shares of stock of sdId pahk The returns required to be made under section 22 hereof shall be made by the person required to make IL Tor and on behalf of the stockholders or the bank The assessment shall be made against the bank In the aggre- gate as agent for the holders Of the shafes Of stock. The taxes assessed against the shares Of stock so listed snail be paid by the bank. and il may re cover rom the owner or owners of such shares the amount of taxes paid or deduct the same from any dividends aceruins on said shares The amount Of taxes paid by any bank on shares Of Stock as herein provided shall he d first nen on such shares and shall be paid before a transfer of such shares of stock can be made
 Section 24 Every person. associa- ton of persons, company or corporation. whether authorized hy 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 demand s with view to profit shall be deemed to be a bank within the meaning of this Act
 In assessing the shares of stock of any bank. State or National. as herein provided. no credit, allowance or de