Pine Bluff daily graphic., 1912-06-22

l
 the aggregate value of the Huple1aed
 shares of stock outstanding said sum shall be used as a bass for assessing
 the shares of stock of said building and
 loan association and the assessment
 agent for its stockholders The associa-
 tion shall pay the tax so assessed and | shall have lien on the unpledged Sha ares or stock outstanding on February
 lst the year the assessment is made, 1 for the amount so paid. Any contract
 attempting to impose upon the pledged
 shares of stock in building and loan
 association any part of the tax assessed
 as above provided shall be null and | void
 Section 2S Every power. heating.
 electric. gas. water street car. toll road
 toll bridge and other similar corpora 1 ton. commonly known as q public utility
 corporation doing business in this
 State except railroad. telegraph tcle- | phone. express. sleeping car and pipe l line companies. the assessment of whose property is otherwise provided for).
 shall through it's president. secretary 1 or principal manager or officer ann1l-
 ally on February list. make and file l with the Arkansas Tax Commission a
 statement in which shall be distinctly ! set forth:
 l. The name and principal office of l the corporation.
 2 The total face value of all out
 standing common stock; the market. and ! if no market. the actual value of same. g. The total face value ot all out
 standing preferred stock. the market.
 and if no market, the actual value of
 such stock.
 !. The total outstanding bonds and l other similar securities by whatever
 name called. secured by mortgage or
 deed of trust on any part of the prop l 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 be deemed to be the value of the personal 1 property of the company. It is the purpose of this Act to tax everything
 that adds to the value of the stocks l and bonds of the corporations described | in this section. including every kind of | ncorporeal and intangible property. such as easements and franchises of every kind. except the right to be 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 | mission on or before ,he first of July of said year.
 Section 29. The Arkansas Tax Com
 mission shall assess the personal prop
 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
 telegraph. telephone. express. sleeping ttti anu plpe line cOn1palleS II small
 keep record of the assessments of such corporation made by it and
 shall certify out to the several assess OTIS 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 assessments of the 1 railroads and of telegraph. telephone express. sleeping car and pipe line companies.
 Section 30. All corporations doing
 business in this State, except corpora tions whose property is assessed by the i Arkansas Tax Commission and the cor i poration required to make and file the special returns prescribed by sec tions Pa and p of this Act. shall, in
 addition to the lists prescribed by sec 1 tion 16 IS. 19. 2l and 22 hereof. make wherein shall be distinctly set forth l. The name location and principal
 office of the corporations.
 7. The number of shares of stock of said corporation outstanding and the face, value of each share.
 ;. The, market value of each share,
 and if no market, the actual value of 1 each.
 4. The aggregate actual value or
 market value. as the case may be. of all outstanding stock
 l D. The total bonds of the corpora
 tion secured by mortgage or deed of l
 pany. and the aggregate market value
 or actual value of such bonds.
 f6. The, assessed value of all real es- tate owned by the company | [. The value of all tangible personal
 property owned, by the company and as-
 sessed under either section 16. IS. 19. a. or P hereof. ~" | The sum of items four and five. 4less | the sum of items six and scven shall l be held to be the value of the ntan- sibie 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 31. The corporations required
 to make the return provided for in section l 30 of this Act shall list and assess their
 tangible property. real and personal,
 on the proper form provided by sec
 tions. 16. IS. 19. 21. and p hereof! The
 return prescribed by section 30 hereof
 is required in addition to the regular | lists provided by this Act. and it's pur-
 pose is to secure the assessment of the intangible property belonging to the corporation
 Section s2 Each of the statements
 required by sections 16. IF. IS. 19. 20. 21. 22. 25. 27. 2S and 30 of this Act
 must be subscribed and sworn to by the
 oath shall be in the following form:
 swear Cor affirm) that the list of prop prop
 erty as now rendered by me contains all tHe PCISOHdl pIOpeFly. Wnlcn l am
 by law required to list for taxation for myself LOT aS. :: that each answer made by me in said
 statement is in everyI respect true: that
 l have valued each item of property at it's true and full value Tn money; and that in fixing the value of said property l nave not taken same at an amount
 below its true and full value in money
 because of the fact that I was assess
 ing said property for taxation" 1 Section B. Except as may be bv | this Act otherwise provided. all prop erty shall be listed and valued as on the first day of February in the year 1 in which same is assessed and the trans fer or sale of any taxable property sub. HeNient to the first day of February
 shall not authorize any person to omit 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 no sale or transfer thereof had been made i But where bonds of the United States
 have been purchased by any individual