Pine Bluff daily graphic., 1912-06-15

The sum of the fourth and fifth Items shall be deducted from the sum of the first. second and third items and l the rema nder shall be deemed to be the aggregate value of the nnpledsed shares of stock outstanding. Said sum shall be used basis for assessing the shares of stock of said building and loan association and the assessment shall be against the aSSOcia ton as agent for it's stockholders. The associa, tion shall pay the tax so assessed and | shall have q lien on the unpled&ed shares of stock outstanding on February /! st, the year the assessment is made, i for the amount so paid Any contract attempting to impose upon the pledged shares of stock in a building ana loan | association any part of the tax assessed | as above provided shall be null and | void.
 Section 2S. Every power hea ting. | electric. gas. water, street car. toll road. | toll bridge and other similar corpora | ton. commonly known as q public utility ! corporation doing business in this State except railroad. telegraph. tele- 1 phone express. sleeping car and pipe | line compa nieS. the assessment of whose | property is otherw' SC provided for). | shall. through it's president secretary or principal manager or officer. annti- ally. on February lst. make and file | with the Arkansas Tax Commission q l set forth:
 1. The name and principal office of | the corporation.
 2. The total face value of all out standing common stock; the market and 1 if no market the actual value of same, l 3. The total face value of all out l standing preferred stock; the market, and if no market. the actual value of i such stock.
 | 1. The total outstanding bonds and | other similar securities by whatever l name called. secured by mortgage or deed of trust on any part or the prop Hr hR a .l hD market. and if no market, the actual | value Of same.
 5. The assessed value of all real es- | tate belonging to the company l The total of the second. third and l fourth items less the fifth shall be deemed to be the value of the personal 1 property of the company. It is the purpose of this Act to tax everything l that adds to the value of the stocks | and bonds of the corporations described l in this section. including every kind of | incorporeal and intangible property. such l as easements and franchises of every l kind, except the right to be a corpora tion provided. that in the year 1911. | the corporations. whose assessment is provided for in this section. shall make ! the return herein prescribed and file | the same with the Arkansas Tax Com l mission on or before tne first of July | of said year.
 Section 29 The Arkansas Tax Com | mission shall assess the personal prop l erty of the several corporations set out | in section 2S hereof at the same time and in the same manner as it assesses the property of the railroads. and of i telegraph. telephone. express. sleeping ear and pipe line companies. It shall | keep record of the assessments of l such corporations as made by it and | ors of the State the valuations as de- termined by it. of the property of the sorperatons eS pc mentioned in said section oj t11u CT, 1 certified to them in the same manner as they enter the assessments of the | railroads and of telegraph, telephone, express, sleeping car and pipe line companies.
 Section 30. All corporations dons business in this State. except corpora tions whose property is assessed by the l Arkansas Tax Commission and the cor ] porations required to make and file l the special returns prescribed by sec | tions 25 and 27 of this Act. shall. in addition to the lists prescribed by sec l tion 16. 1S l9. 21 and 22 hereof. make and file with the assessor a statement wherein shall be distinctly set forth:
 I. The name. location and principal office of the corporations.
 l ,. The number of shares of stock of said corporation outstanding and the l face sNsaate of each share. ts' sT | 3. The market value of each share. each.
 4. The aggregate actual value or
 market value. as the case may be. of all outstanding stock.
 5. The total bonds of the corpora tion secured by mortgage or deed of trust on property belonging to the com l pany. and the aggregate market value or. actual value of such bonds.
 | 6. The assessed value of all real ee- tate owned by the company '-
 z. The value of all tangible personal property owned by the company and as sessed under either section 16, IS, l9 nr hapo The sum of items four and five. less l the ,ssHm of items six and seven shall he held to be the value of the intan- I gihle property of the corporation and shall be listed and assessed by the cor poration as agent for it's shareholders
 under the heading Intangible Prop erty.''
 Section s1. The corporations required to make the return provided for in sectior 30 of this Act shall list and assess their l tangible property. real and personal on the proper form as provided by sec lions: 1s. ls: is. 21; and 29 hereof; Fhs Is required in addition to the regular lists provided by this Act and its pur- pose is to secure the assessment of the
 intangible property belonging to the
 Section 32 Each of the statements required by sections 16. IT, IS. 1s, 20
 2l. P. 25.. 27. 2s and 30 of this Act
 must be subscribed and sworn to by tho person making and filing same Said oath shall be in the following form:
 swear Cor affirm, that the list lis sH'eoIs of prop' erty as now rendered by me contains all the personal property. which I am by law required to list for taxation fo, 1 myself Cor as.
 that each answer made by me in said statement is in every respect true; that have valued each item of property al
 it's true and full value Tn money. a md that in fixing the value of said property
 I have not taken same at an amoun,
 below It's true and full value in none, because of the fact that I was assess
 ing said property for taxation"
 this Act otherwise provided. all prop
 erty shall be listed and valued as or or in which same is assessed, and the trans
 r ter or sale of any taxable propery sub
 shall not authorize any person to omi
 the same from any list. although suci
 sale or transfer of such property. h,, aai such property shall be listed fo1
 sale or transfer thereof had been naoan