Pocahontas star herald., 1912-06-28

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Section 20. The accounting officer of
every bank. whose capital is not repre-
sented by shares of stock and every
broker and stock iobber shall make a
sworn statement in which he shall set
forth:
1. The amount of money on hand or
in transit.
2. The amount of funds In the hands
of other banks, brokers or others, sub
ject to draft.
3. The amount of checks. or cash
items. not included in either of the
preceding items.
4. The amount of bills receivable.
discounted or purchased, and other
credits due or to become due, including
accounts receivable and interest accrued
but not due and interest due and not
paid.
8. The amount Of bonds and stocks
of every kind and shares of capital stock
of joint stock companies or corpora
tions held as an investment. or in any
way representing assets.
6. The value of all Office fixtures,
furniture, safes and vaults.
Z. All other property pertaining to
said business.
s. All real estate at it's assessed
valuation.
8. The amount of all current deposits.
10. The amount or all accounts pay
able other than current deposits.
The sum of the first second, third,
fourth, fifth sixth, and seventh items
less the sum of the eighth, ninth and
tenth items shall be deemed to be the
amount of capital employed in the bank
ing or brokerage business, as the case
may be, and shall be entered in the
column in the assessors personal book
under the heading. Money Invested as
Banker of Broker"
Section 81. Each person required to
CHI a1ra
to the assessor a statement of all per-
sonal property required 10 be listed by
him. Said statement which shall not
include any property included in q
special list, shall distinctly set forth;
/. The number of mules, horses and
asses of all ages and the value thereof.
2. The number of cattle of all ages
and the value thereof
8. The number of sheep and number
of goats of all ages and the value
thereof.
4. The number of hogs of all ages
and the value thereof
5. The number of vehicles. including
wagons, carts, carriages, buggies, bicy-
icles, motorcycles, automobiles or other
vehicles of whatsoever kind and the
value thereof.
6. The number of watches and the
value thereof.
Z. The number of pianos and organs
and the value thereof.
8. The. value of gold, silver, plated
8. The value of diamonds and
jewelry.
10. The value of every annuity roy
atty and patent right.
II. The value of -yery steamboat,
sailing vessel, wharf boat barge OF
other watercraft
II. The amount of money on hand
or, On in nv hn nh y MI
person in or out of this State.
13. The amount of credits including
book accounts, notes and claims of every
kind as provided by paragraph l3, sec
ton s. of this Act
IA. The amount and value of bonds
of every kind whether secured by mort
gage on property or issued by corpora
tions or persons, in or out of this State.
Is. The value of furniture fixtures,
appliances and apparatus used in the
conduct of business in eating houses,
pool and billiard rooms, barber shops,
ten pm alleys, bowling alleys, moving
picture shows, theaters and similar
places.
16. The value of improvements in
Guiding warehouses, oil tanks and eat
ing houses, not owned by railroad or
other company, but on the lands the
title of which is vested in such com
pany.
(.
on lands, the fee of which is still in
the United States.
IS. The value of all articles of per-
sonal property not included in the pre-
ceding items.
Section 22. Every incorporated bank,
through it's president cashier, principal
manager or principal accountant, shall
make and file with the assessor a state
ment setting forth:
1. The amount of capital, whether
divided into shares or not, actually paid
Tin, or secured to be paid in, by note or
otherwise, or in anywise procured or
furnished, to be employed in the bank
ing business.
2. The amount of surplus and undi-
vided profits arising from the business
and belonging to the bank, whether in
its possession or under it's control, or
loaned or otherwise invested for its
benefit.
3. The value of all fixtures, furni-
ture or other property that has been
charged off to profit and loss account
4. The value of any real estate own
ed by the bank as same has been as
! sessed for taxation.
The sum of the first, second and
third items less the fourth shall be
deemed to represent the personal prop
erty of the bank employed in the
banking business for the current year
by such bank. Said sum shall be taken
as basis for assessing the shares OF
stock of said bank,
Section 23. The total value of the
property of the bank employed in the
banking business as determined by ap-
! plying the rule laid down in section 22
hereof, shall be taken 10 represent the
total value of all shares of stock of
said bank. The returns required to be
made under section 22 hereof shall be
made by the person required to make
a nd nF
of the bank. The assessment shall be
made against the bank in the aggre-
! gate as agent for the holders of the
| shares of stock. The taxes assessed
against the shares of stock so listed
shall be. paid by the bank, and it may re-
cover from the owner or owners of
such shares the amount of taxes paid,
or deduct the same from any dividends
accruing on said shares The amount
of taxes paid by any bank on shares of
| stock as herein provided shall be a first
lien on such shares and shall be paid
before transfer of such shares of
stock can be made.
Section "a. Every person, associa-
| tion of persons, company or corporation
whether authorized by law to issue
notes for circulation or not, that shall
| keep an office, counting house. or other
place for the transaction of business in
| this State, and shall discount buy, sell
or exchange notes, bonds, stocks, certi-
ficates of public debt claims or demands
with a view to profit shall be deemed
to be a bank within the meaning of this
| Act
In assessing the shares OF stock of
any bank State or National. as herein
provided, no credit, allowance or de-
duction of any kind shall be made by
reason of the fact that any part of the
/ capital, surplus or undivided profits of
such institutions is invested in United
States bonds, or other non-taxable Sc
curities, or securities otherwise taxed.