The Harrison times., 1912-01-13


I and tenth items shall be deemed TO De
the amount of capital employed In
the banking or brokerage business,
as the case may be, and shall be en-
tered in the column in the assessors S
personal book under the heading,
Money Invested as Banker or Brok-
err"
Section 21. Is the same old list
that was made over thirty years ago
for the farmers, laborers and small
taxpayers Almost every one remem'
bers that It commences with:
"The number Of mules, horses, and
asses Of all ages"
Section 20. Every incorporated
bank, through its president, cashier
principal manager or principal ac'
countant shall make and Ale with the
assessor n statement setting forth;
81. The amount Of capital, whether
divided into shares or not, actually
paid in, or secured to be paid in, by
note or otherwise, or IN any wise pro-
cured or furnished to be employed In
the banking business.
"2. The amount Of surplus and un'
divided profits arising from the bust
ness and belonging to the bank,
whether In It's possession or undor
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.
a, The value Of any real estate as
owned by the bank as same has been
assessed for taxation,
"The sum Of the first, second and
third items, less the fourth shall be
deemed to represent the personal
property 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 for said bank,
Section %, The total value Of
property employed In the banking
business as determined by applying
the rule laid down IN section %, here
Of, shall be taken to represent the TO-
tai value Of all shares Of stock OF said
bank. The returns required to be
made by section %, horeorf shall be
made by the person required 10 make
II for and In behalf Of the Btocl,hold'
ers Of the bank The assessment
shall be made against the hank IN tho
aggregate as agent for the holders
Of the shares Of stock Tho taxes
assessed against the shares Of stock
so listed shall be paid by the bank
and It may recover from the ownor
or owners Of such shares the amount
Of taxes paid or deduct the same from
my dividends accrung on said shares,
Tho amount Of taxes paid by any
bank ON shares Of stock Ns herein pro-
yldod shall be first hen on such
shares, and shall be paid before %
transfer Of such stock can be made
section a. Every person, oasocla'
tIon Of persons, company or corpora.
ton, whether authorized by law TO
issue notes for circulation or not that
shall keep an Office, accounting house,
or other place for the transaction Of
business In this state, and shall dis
couo' buy or sell notes bonds, stocks,
Ger Qtos of public dobt claims or
der "a, with q view Of profit, shall
be ned TO be bank within the
mea' Of this act,
"ln sossng the shares Of stock Of
any br1k, state or national, ~ horoin
provided, no credit allowance or de-
ductIon Of any kind shall be made
by reason Of the fact that any part
Of tho capital, surplus or undivided
profits Of such institutions Is Invested
in United states bonds, or other taS'
able securities, or securities othoM
wise taxed
section 25, Every association or
corporation authorized under the laws
Of this state and doing business here
In and engaged IN life, fire, accident
livestock or olhcr kind OF insurance
business, or any kind Of security
bonding, guaranty or indemnity busl'
meas, or any kind Of investment loan
or trust business, shall assess for
taxation AB follows
"Thc president, secretary or princl'
pal accounting officer or other ren'
rosontntIyo shall mako and hlo with
the assessor n sworn statement
wherein he shall set forth
a.. Tho number Of shares Of capt
Dnl stock outstanding and tho face
value OF each OF a0mc,
"9, Tho total capital stock paid N
or secured or TO be paid In by note
or otherwise,
"9. The surplus and undivided
profits belonging to the company
%, Tho market value, and II no
market value, the actual value OF zach
share Of stock
"5, The aggregate value OF al
shares Of stock
90 Tha neanaaad value Of any real