Pine Bluff daily graphic., 1912-06-08

he remainder shall be oeen1ed to b } the aggregate value of Lne unple lae shares of stock outstanding. Sa iu sum shall be Hsed as basis TOT assessing the shares of stock of sa id building and loan association and the assessment ana aeant fa hs s asanL thI 'syTG'a@n % as tion shall pa! the taS so assessed and shall have ;t lien on tle unpledged shares nf stock outstanding on February st. the wear 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 eS. Every power heating electric. gas. water. street car. toll road. toll bridge and other similar corpora ton. commonly known as q public ntility corporation doing business in this State teNcept railroad telegraph. tele- phone. express. sleeping car and pipe line companies the assessment of whose property is otherw provided forD. shall. throusi, it's president, secretary or principal manager or officer annli- ally on February list. make and file with the Arkansas Tax Commission a sta tement 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.
 :" The total face value of all ont standing preferred stock; the market. and if no market. the actual value of such stock.
 4. The total outstanding bonds and other similar securities by whatever name called secured by morteaee or deed of trust on any part of the prop efty belonging to said company: the market and if no market. the actual value of same.
 }. The assessed value of all real es- tate belonging to the company.
 The total of the second third and fourth items less the firth shall be deemed to be the value of the personal property of the company. It is the purpose of this Act to tax everything that adds to the value of the stocks and bonds of the corporations described Tn this section. including every kind of lncorporeal and intangible property, such as easements and franchises of every kind except the right to be a corpora tiOn: provided that in the year 1911. the corpora tions. whose assessment is provided for in this section. shall make the return herein prescribed and file the same with the Arkansas Tax Com mission on or before ,ne first of July of said year
 Section 29. The Arkansas Tax Com mission shall assess the personal prop ertN of the several corpora tionS set out in section 2S hereof at the same time and in the same manner it assesses the property of the railroads. and of .elesraPf. telephone, express, sleeping ear and pipe line companies. It shall keep record of the assessments of such corporations made by it 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 2S of this Act. The assessors shall en- 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 companies.
 Section 30. All corporations doing business in this State except corpora tlons whose property is assessed by the Arkansas Tax Commission and the cor the special returns prescribed by sec tions p and 21 of this Act shall. in addition to the lists prescribed by sec tion It. IS. 19, 21 and 22 hereof make and file with the assessor a statement wherein shall be distinctly set forth:
 The name. location and principal office of the corporations
 s1 The number or shares, of stock Of Said corporation outstanding and the face value of each share.
 B. The market value of each snare each
 {. The aggregate actual value or market value. as the case may be. of all outstanding stock.
 ,. 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.
 G. 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 1S, 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 intan- gihle property of the corporation and shall be listed and assessed by the cor poration as agent for it's shareholders under the heading Intangible Prop erty.''
 Section. 31. The corporations required to make the return provided for in section 30 of this Act shall list and assess their tangible property. real and personal. tions IS. IS, 19. 2l. 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 a2. Each of the statements required by sections 16. IT. IS. 19 20, 21, P. 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: swear Cor affirm) that the list lis H of props os erty as now rendered by me contains all the personal property which I am Oy id tcNuIIcu tO iISI TOT taxation for myself tor 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 ing said property for taxation Section s3. Except as may be by this Act otherwise provided. all prop erty shall be listed and valued as nn the first day of February in the year in which same is assessed. and the trans fer or sale of any taxable property smh. sequent to the first day of February shall not authorize any person to omit the same from any list. although s'cb 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 same manner as if no sale or transfer thereof had been made But where bonds of the United Statas have been purchased by any indiyid,la1 or firm during the year prior to the first day of February and such indie vidual or firm is claiming exemntinn