The Sentinel=record., 1912-06-27

of the first. second and third items and the remainder shall be deemed to be the aggregate value of the unpledged shares of stock outstanding Said sum shall De used as a basis for assessing The shares of stock of said building and loan association and the assessment shall be against the association as agent Tor It's stockholders The associa- ton shall pay the tax so assessed and shall have lien on the unpedged shares Of stock outstanding on February lst, the year the assessment is made, for the amount so paid Any contract attempting to impose upon the pledged shares of stock in a 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 ton, commonly known as a public utility corporation doing business in this State (except railroad. telegraph. tele- phone, express, sleeping car and pipe line companies. the assessment of whose property is otherwise provided for), shall, through its president. secretary or principal manager or officer annu- ally, on February lst. make and file with the Arkansas Tax Commission a statement in which shall be distinctly set forth:
 l. The name and principal office of the corporation.
 ?. The total face value of all out standing common stock; the market and if no market, the actual value of same.
 3. The total face value of all out standing preferred stock; the market. and If no market, the actual value or such stock.
 {, The total outstanding bonds and other similar securities by whatever name called secured by mortgage or deed of trust on any part of the prop erty belonging to said company; the market, and if no market, the actual value of same.
 6. The assessed value of all real es- tate belonging to tine company.
 The total of the second, third and fourth items less the fifth shall be deemed to be the value of the personal property of the company 1t Is 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 and intangible property, such as easements and franchises of every kind, except the right to be corpora ton; provided. that in the year 1911, the corporations, whose assessment is provided for in this section, shall make the return herein prescribed and tile the same with the Arkansas Tax CCm- mission on or before the first of July of said year.
 Section 20. 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 1t assesses the property of the railroads. and of telegraph telephone, express. sleeping ear and pipe line companies. 1t shall keep a record of the assessments of such corporations as made by 1t and shall certify out to the several assess ors of the State the valuations, as de- termined by it, of the property of the corporations mentioned in said section aP tfe Aot l..H ter upon their books the assessments so 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
 Section 30. All corporations doing business in this State, except corpora tions whose property is assessed by the Arkansas Tax Commission and the cor porationS required to make and file the special returns prescribed by sec- tions 25 and 27 of this Act. shall. in addition to the lists prescribed by sec- tion 16, IS, 19. 21 and 22 hereof make and file with the assessor a statement wherein shall be distinctly set forth:
 1. The name. location and principal office of the corporations.
 2. The number of shares of stock of said corporation outstanding and the face value of each share.
 3. The market value of each share, and if no market the actual value of 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 pany. and the aggregate market value or actual value of such bonds.
 6. 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, 21, or 22 hereof.
 The sum of items four and five, less the sum of items six and seven. shall be held to be the value Of the intaii- gible property of the corporation and shall be listed and assessed by the cor poration as agent for its shareholders under the heading Intangible Prop ertv.
 Section 31. The corporations required to make the return provided for in section 80 of this Act shall list and assess their tangible property, real and personal, on the proper form as provided by sec tions. 16. IS. 19, 21, and 22 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 92 Each of the staFments required by sections IS. IT. 1s 19, 20, 21. 22. 25 27. 2S and 30 of this Act must be subscribed and sworn to by the person making and filing same. Said oath shall be in the following form:
 VI. ................... do solemnly swear Cor affirm) that the list of prop erty as now rendered by me contains all the personal property. which I am by law required to list for taxation for myself Cor as. s................. ... {; that each answer made by me in said statement is in every respect true; that have valued each item of property at it's true and full value in money and that in fixing the value of said property have not taken same at an amount below It's true and full value in money because of the fact that I was assess inE said property for taxation"
 Section 33 Except as may be by this Act otherwise provided. all prop erty shall be listed and valued as on the first day of February in the year in which same is assessed and the trans- fer CT sale of any taxable property sub sequent 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 sana manner if ..n sale or transfer thereof had been made But where bonds of the United States have been purchased by any individual or firm during the year prior to tho first day of February and such indi- vidual or firm is claiming exemption because of such bonds where property is required to be listed as of that day the value of such bonds in money shall be divided by twelve and the quotient shall be multiplied by the number of months or fractional parts of months remaining after deducting the tiine