The Sentinel=record., 1912-05-30

l the aggregate value of the unplcdge ; Ehares of stock outstanding. Said sur shall be used as a basis for aSseSstnl the shares of stock of said building ant loan association and the asscssmen l shali he against the association a : | agent for It's stccshbldcrs The associa ton shall pay the tax so assessed am shall have lien on the unpledged share of stock outstanding on Februar' lst. the wear tho assessment is made for the amount so paid Any conttac attempting to impose upon the pledged shares ot stock tn a building and loai lassocfatiou any part Of the tax assesset as above provided shall be null ana void.
 section 2S Every power heating electric, gas water street car, toll road toll bridge and other similar corpora ton, commonly known as public utility lcorporation doing business In this State (eNcept railroad, telegraph tele- phone. express, sleeping ear and pipe line companies, the assessment of whose property is otherwise provided forl shall. through its president secretary or principal manager or officer apnu- ally. on February lst make and file with inc Arkansas Tax Commission q statement in which shall he distinctly set forth
 | 1. The name and principal office of | the corporation.
 9 The total face value of all out standing common stock, the market and
 
 8. The total face value of all out 1 standing preferred stock the market, and if no market the actual value of l such stock
 4. The total outstanding bonds and other similar securities by whatever name called, secnrec by mortgage or deed of trust on any part of the prop ertv 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 aud fourth items less the firth shall be deemed to be the value of the personal property of the company. IL ia the 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 ahd intangihle property. such as easements and franchises of every kind except the right tO be a cornora- ton, provided that iu the year 1911, the corporations, whose assessment iE provided for in this section, shall make the return herein prescribed and file the same with tho Arkansas Tax Com mission on or before tne first of July of said year.
 Section 20. The Arkansas Tax Com mission shall assoss the personal prop | ertv of the several corpora tious set out in section 2S hereof al the same time and in the same manner as if asscsses l the property of the railroads and of telegraph, telephone, express, sleeping | ear and piUe line COmpantos It shall keep n record of the assessments oi such corporations as made by it and | shall certify out tu the several assess- OTIS of the State the valuations, as de termined by 1t, of the property of tht | corporations mentioned in said section 2S of this Act The assessors shall en ter upon their books the assossments SC sl certified to them in the same manner as they enter the assessments of tn, l railroads and of telegraph. telephone express, sleeping ear and pipe lin' companies.
 Section 30. All corporations donl business In this Stale, except corpora tions whose property is assessed by th' 1 Arkansas Tax Commission and the cor poraticns required to make and filt the special returns prescribed by see tions 25 and 27 of this Act shnil 1T addition to the lists prescribed by sec ton 16. IS. N, 21 and % hereof. maki l and file with the assessor statemen wherein shall be distinctly set forth II l. The namc, location and principa i office of the corporations. Fl ?. The number of shares of stoel
 of said corporation outstanding and th
 face value of each share
 ,i 3. The market value of each share e and if no market, the actual value Q I each.
 ri L The aggregate actual value O i market vallc as the case may he O l all outstanding stock
 5. The total bonds of the corpora E ton secured by mortgage or deed oi ! trust on property belonging to the cow E pany. and the aggregate market valu, 1 or actual value Of such bonds. 6. The assessed value of all real es tate owned by the company z The value of all tangible persona i property owned by the company and as sessed under either section 1G, IS fg
 q. or % hereof.
 The sum of items four and five. los,
 the sum of items six and seven. shal be held to be the value of the intan
 glble property of the corporation ant shall be listed and assessed by the cor poration as agent for it's shareholder
 under the heading Jntangibe Prop ] ertM"
 Section 3t The corporations required to make the return provided for in sectiol | 30 of this Act shall list and assess thei l tangible propeftN. real and personal on the proper form as provided by sec l tions, f6. IS. 19, 2l and % hereof Tn
 return prescribed hv section 30 hereo is required In addition tol the regular lists provided by this Act and It's pur pose is Co secure the asseesment or th'
 intangible property belonging to thl
 sections s2 Each of the sta @menti
 required hy sections 16. v, fs 19. 20
 2i 22. 25. q. 2S and go of this Ao must be subscribed and sworn to by thi person making and filing same sais
 oath shall be in the following form
 "I.........---.,,zis,. do sciaunii | swear Cor afflfmb that the liSt or prop : arty as rendered. py mo contains all the personal property. which I m
 by law required to list for taxation fni l myself tor as. S.......+...- a.a...... D
 that each answer made by me in sais statement is in everyNrcspect true tha | 1 have valued each Item Of property a its true and full value Tn money; ana
 that in fixing the value of said property { have not taken same at an amour
 below it's true and full valne in none, because Of the fact that I was assess ing said property for taxation" { Section 3s Except as may be h' 7 this Act otherwise provided all prop
 erty shall he listed and valued as or the first day of February in the yea i in which same is assessed and the trans
 fer CT sale of any taxable property sub
 seauent to the first day of Februarl
 shall not authorize any person to orni
 the same from any list although sucl {. list shall not be made until after tn,
 sale or transfer of such property. hu
 all such property shall be listed fo taxation in the same manner as if n,
 sale or transfer thereof had been made Put where bonds of the United statei
 have been purchased by any individua i or firm during the year prior to th , l first day of February and such iudi , vidual or firm Is claiming exemption , because of such bonds. where propert, Lis required to be listed as of that day f1he value of such bonds in money shsI
 be diviued by twelve and the quofien shall be multiplied by the number q
 months or fractional parts Of moathi ] remaining after deducting the tim,
 .,sl.f f,41. .-t