Pine Bluff daily graphic., 1912-06-01


 thereof.
 4. The number of hogs of all ages and the value thereof
 3. The number of vehicles. including wagons. carts, carriages DuggieS. bicy cles, motorcycles. automobiles or other vehicles of wha atsoeN~r Nlnd and the value thereof.
 6. The number of watches and the value thereof
 :. The number of p:anoS and organs and the value thereof
 \. The value or gold. silver, plated, and cut-glass ware.
 8. The value of diamonds and jewelry.
 10. The value of every annuity, roy atty and patent right.
 II. The value of every steamboat, sailing vessel. wharf boat. barge ol other watercraft.
 l2. The amount of money on hand on deposit in any bank or with any person in or out of this state
 F. The amount of credits, including book accounts notes and claims of every kind as provided by paragraph l3. sec tion ,, Of this Act
 l4. The amount and value of bonds of every kind whether secured by mort gage on property pr issued by corpora tionS or persons. in or out of this State
 l5. The value of furniture. fixtures. appliances and apparatus used in the conduct of business in eating houses. pool and billiard rooms. barber shops.
  picture shows. theaters and similar places.
 1G. The value of improvements. in eludins warehouses. oil tanks and eat ing houses. not owned by railroad or other company. but on tie lands the title of which is vested in such com pany.
 l1. The value of all improvements on lands. the fee of which ls still in the United States.
 IS. The value of ell articles of per sonal property not included in the pre- reding items.
 through it's president. cashier principa manager or principal accountant. shall 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 ot 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 it's possession or under it's control. or loaned or otherwise invested for its benefit.
 3. The value of all fixtures. furni- ture or other property that has been charged off to profit and loss account
 A.. The value of any real estate own cd by the bank as same has been as- sesSed for taxation
 The sum of the first. second an6 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 taker as basis for assessing the shares ot 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 total value of all shares of stock of sad bank. The returns required to be made under section P hereof shall be made by the person required to make It e TOT ana on behalf of the stockholders 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 ai,l asar,lst the shares of stock so listea snail be paid by the bank. and it may re. | cover rom the owner or owners of such shares the amount of taxes paid or deduct the same from any dividends aeccrulng c on said shares. The amount or taxes paid by any bank on shares oi ..tock Stock as herein provided shall be a frs iien on sucn shares. and shall be paif e,l pefore transfer sf such shares o1 Section A. Every person, associa tloh or persons, company or corporation whether authorized by law to issu, notes TOT ejaculation or not. that shal | place for the transaction of business i1 l this State. and shall discount buy. sel l or exchange notes. bonds stocks, certi 1lcates or public debt. claims or demand. l With. view to profit shall be deemet l to be bank within the meaning of thi: Act
 In assessing the shares of stock o1 any bank. State or National. as hereir | auction of any kind shall be made h, reason of the fact that any partfof tht capitai surplus or undivided profits Q such institutions is invested in; Finite states. bonds. or other hon- taxable Sc I curltlfs. or securities otherwise taxed
 section .25. Every association or cor poration organized under. the laws Q ; tnls state and doing Business thereil Snd engaged ln life. fire. live stock 'acci dent or other kind of insurance bust ness. or any kind of security. guaranty bond:ng or. indemnity business, or. il ahy. hlnd or lnvestment, loan or trus ouSiness shall assess for, taxation. a, ! follows: .-. i.1 ---| =. -
 The president secretary or principa accounting officer, or other represan .ative shall make and file with the as sessor q sworn statement wherein shal De dlstinctly set forth:
 L The number of shares of capita stock outstanding ana the face valll or each of same. | ?. The total capital stock i'd f., n secured to be paid in by note or other
 2. ihe surplus and undivided profit "e!ohslng to the company
 |. The market value, and if m mo, of stock "e'' ""a' of stock. '' @"A'e tote.: The The assessed value of any real es ,ate mat may he owned by the com pamy association or corporation
 The sixth item shall be deducted fron the 1irth item and the remainder shnl De taken as a basis for assessing fin shares or stock of said company.
 The assessment shall be made acains tne company. association or corpora ton as the agent of it's share holders that IS to say. the tax shall be assesse against the shares of stock and no against the capital stock or Dropert belonging to the corporation.
 Tn reckoning the assessable value a such shares of stock no allowance shal ne given for any United States bond or other non-taxable securities or fo any stocks or bonds owned by the com pany and which may be otherwise fax ed For purposes of taxation it the purpose of this section to recor nize the shares of stock in the corpo ration as the property to he taxed an 10 require the officers of the corpora | lions f0 fnr