The Prescott daily news., 1912-05-31
business business shall assess for taxa,,.

sessor sworn statement wherna en the as- l De distinctly set forth. elh shall
 l. The number of sharas
 stock outstanding and the fo oI capital of each of same. e race value
 z. The total capital stock na,,
 secured to be paid in by note pa,u or m m or
 3, The surplus and undiviao,
 peionglng to the company eu profits
 f' The market value. ana ,e
 oet Talue' the actual value of each Jo mar mar of stock or all shares tte, The The assessed value of any rs., :. na.e tnat may be owned by tbe aa es- pany' association or corporation oom-
 The sixth item shall be deduotHs the fifth item and the ren,aid iuc.ed from De taken as basis for assessjnh shall shares or stock of said comnapn the Al, | ne assessment shall be. made ago,.. . .he company association or coHnons' l ton as the agent of it's share toipora- that is to say, the tax shall ba ailoluers, | against the shares of stock eSsed aS against the capital stock or nron.n nru not belonging to the corporation P0perty
 Tn reckoning the assessable ,,oi,, such shares of stock no allowancn ue sh or or be given for any United States h s,al or other non taxable securities o nus nus any stocks or bonds owned hv tb UT TOT pany, and which may be otherwise ocn- tan- ed. For purposes of taxatior ''e tax the purpose of this section tn IS nize the shares of stock in the neuos | ratlon as the property to be taxad ans to require the officers of the cornenl anu tions 70 assess same for the owners
 section 2b. Any company. assooio ton or corporation paying ta~ nn snares or stock as provided in sect,on 70 may deduct the amount of tayes sn paid from any dividend accruing on said stock. oh
 Section 27. Shares of stock of b,,,,s ing and loan associations shall be as- sessed at their true and full vaIna in money. The president. secretary. casb. Ter or principal managing officer of ths company or association shall make return to the assessor wherein shall ha stated: oe
 1. The amount of any surplus or reserve fund by whatever name called belonging to the company. | 2. The number of outstanding sharas of paid up stock by whatever name call | ed Tn said company and the aggregate value of all such shares
 3. The number of shares and the pres ent value or all outstanding installment stock. This shall include all install. ment stock sold and outstanding whether the same under the terms of the con tract has loan or withdrawal value | or not Stock that has no loan or with drawal value under the terms of the contract under which sold shall be held to be worth the actual amount paid l thereon.
 
 estate belonging to the company
 D. The value of all stock pledged to the company.
 The sum of the fourth and fifth items shall be deducted from the sum of the first. second and third items and the remainder shall be deemed to be 1 the aggregate value of the unpledgei shares of stock outstanding Said sum | shall be used as basis for assessing the shares of stock of said building and ! association a shall be against the association as agent for its stockholders The assoca- tion shall pay the tax so assessed and shall have a lien on the unpledged shares of stock outstanding on February lst, the year the assessment is made, Tor 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- l ton. commonly known as public utllity corporation doing business in this State (except railroad. telegraph. tee- phone. express. sleeping car and pipo line companies. the assessment Of whose property is otherwise provided forl, shall. through it's president, secretary or principal manager or officer. annu- ally on February 1st make ana Tie with the Arkansas Tax Commission statement in which shall be distinctly set forth:
 1. The name and principal office or | the corporation.
 9 The total face value of all out standing common stock; the market ana if no market. the actual value of same g. The total face value of all out standing preferred stock: the market and if no market. the actual value oi such stock.
 4. The total outstanding bonds ana 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 actuai value of same.
 5. The assessed value of all real es- | tate belonging to the company. The total of the second, third ana fourth items less the firth shall pc deemed to be the value of the personal | property of the company. IL 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 klnu ol ! ncorporea1 and intangible property suon as easements and franchises of every kind except the right to be corpora tion: provided. that in the year lsll. the corporations. whose assessment 10 provided for in this section, shall fhane the return herein prescribed and ino | mission on or before the first of Juiy of said year.
 Section 29. The Arkansas Tax com mission shall assess the personal prop. erty of the several corporations set ou' in section 2S hereof at the same tllns and in the same manner as It assesses the property of the railroads, ana o telegraph, telephone. express sphaiI car and pipe line companies. It shals keep a record of the assessments d oi such corporations as made by u anu shall certify out to the several assess OTIS If the State the valuations. as th. termined by it. of the property of the corporation mentioned in said seGtv" 2S of this Act. The assessors shali ao ter upon their books the assessments certified to them in the same ma tb. as they enter the assessments of the