The Forrest City times., 1912-07-05

g. The value of all credits as defined In paragraph i3. section 5, hereof be longing to said business
 L The value of all other personal property not failing under one of the aDoFe heads employed In said business
 Section 20. The accounting officer of every bank. whose capital is not rapre- sented by shares of stock and every broker and stock jobber shall make n sworn statement in which he shall set forth
 | The amount of money on hand or in transit
 2 The amount Of funds in tb. hand, Of other banks. brokers or others. sub ject to draft
 , 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.
 g. 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.
 T. All other property pertaining to said business.
 s. All real estate at it's assessed valuation.
 9. 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 heading Banker of Broker"
 Section 21 Each person required to list prG.erty shall make out and deliver 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 a special list, shall distinctly set forth:
 l. The number of mules, horses and asses of all ages and the value thereof.
 ?. The number of cattle of all ages and the value thereof.
 ,. 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,
 3. The number of vehicles. including wagons. carts, carriages, buGgies, bicy- cles. motorcycles. automobiles or other vehicles of whatsoevvr Kind and the value thereof.
 $. The number of watches and the value thereof
 :. The number of pianos and organs and the value thereof
 $. The value of gold. silver plated. and cut-glass ware.
 9. The value of diamonds and jewelry.
 10. The value of every annuity. roy atty and patent right.
 Il. The value of -very steamboat. sailing vessel, wharf boat, barge or other watercraft.
 12. The amount of money on hand or on deposit in any bank or with any 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 13, sec tion D. of this Act.
 II The amount and value of bonds of every kind whether secured by mort gage on property or issued by corpora uonS or persons, in or out of this State.
 ,. The value of furniture. fixtures. appliances and apparatus used in the conduct of business in eating houses, pool and billiard rooms. barber shops. ten pin alleys, bowling alleys, moving picture shows. theaters and similar places.
 1G. The value of Improvements. in cluding 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.
 F. The value of all Improvements on lands, the fee of which is still i'll the United States
 IS. The value of all articles of per sonal property not included in the pre- cedinE items.
 Section 22. Every incorporated bank. through it's president. cashier, principal manager or principal accountant, shall make and file with the assessor state ment setting forth:
 | 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 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 controly or loaned or otherwise invested for it's benefit.
 3. The value of all fixtures. furni- ture or other property that has been charged off ta 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 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 70 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 It for and on behalf of the stockholders 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 24. Every person associa- tion of persons. company or corporation whether authorized by law to issue notes Tor circulation or not. that shai keep an office. counting house, or other place for the transaction of business ir this State. and shall discount buy. sell or exchange notes. bonds. stocks. certi- ficates of public debt claims or demands with C view to profit shall be deemed to be a bank within the meaning of this Act.
 In assessing the shares of stock of