Pine Bluff daily graphic., 1912-07-06

} Items shall be deducted from the sun
 of the first second and third items an, the remainder shall be deemed to be the aggregate value of the unpledge
 shares of stock outstandins. said sun shall be used basis for assessing the shares of stock of said building and an l9an association and the assessmen shall be against the association as agent for its stockholders The associa ton shall pay the tax so assessed anc shall have a lien on the nnpedged shares or stock outstanding on February st. the year the assessment is made for the amount so paid. Any contract attempting to impose upon tue 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 ear. toll road. toll bridge and other similar corpora ton. commonly known as a public utility corporation doing business in this State teXcept railroad. telegraph, tele- phone. express. sleeping car and pipe line companies the assessment of whose property is otherwise provided for). shall. through it's president secretary Ior principal manager or officer. annn- ally. on February list. make and file with the Arkansas Tax Commission a statement in which shall be distinctly set forth:
 l. The name and principal office of the corporation.
 
 standing common stock: the market and if no market. the actual value of same
 $. The total face value of all out 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 mortgage or deed Of trust on any part of the prop erty belonging to said company: the market. and if no market, the actual l value of same.
 g. The assessed value of all real es- | tate belonging to the company | The total of the second. third and ] fourth items less the fifth 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 in this section. including every kind of | incorporeal and intangible property such as easements and franchises of every l kind except the right to be a corpora tton; provided. that In the year 1911. the corporations, whose assessment is 1 provided for in this section. shall make 1 the return herein prescribed and file the same with the Arkansas Tax Com l mission on or before tne first of July of said year
 Section 29. The Arkansas Tax Com l mission shall assess the personal prop 1 erty Of the several corporati tions set out in section 2S hereof at the same time i l the property of the railroads, and of 1 telegraph, telephone express sleeping l car and pipe line companies. It shall l keep record of the assessments of l Sucn corporations as made by it and I 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 1 2S of this Act. The assessors shall en- ter upon their books the assessments so certified to them in tne same manner | as they enter the assessments of the railroads and of telegraph. telephone I express. sleeping car and pipe line companies.
 Section 30. All corporations doing ! business in this State except corpora tions whose property is assessed by the Arkansas Tax Commission and the cor porations required to make and file the special returns prescribed by sec tions 25 and 21 of this Act shall, in | addition to the lists prescribed by sec tion 16. IS, 19, Fl 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
 l.. Z. The number of shares of stock of said corporation outstandng and the' r face value of each shareo t'' '- 4i' I 3. The. market value of leach share, and if n9 market. the actual value of A.. The, aggregate actual value or market value as the case may be- of Eall outstandirig stock. B., The, total bonds of the corpora r tt0n secured by mortgage or deed of trust on property, belonging to the con1-' | pany, and the aggregate market value or actual value of such bonds. 'u f't 6. The assessed value of all real es- tate owned qhy the company r.. The value of all tangible personal property owned by the company and as- sessed under either section 16, 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- gible 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 s1 The corporations required to make the return provided for in sec tion 30 of this Act shall list and assess their tangible property. real and personal, on the proper form as provided by sec tions. 16. IS. 19, 21, and 22 hereof The return prescribed by section 30 hereof is required in addition to the regular pose is to secure the assessment of the intangible property belonging to the corporation.
 Section, s2. Each of the statements 21. P. 2b, 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 of prop erty as now rendered by me contains all the personal property. which I am by law required to list for taxation for myself Cor as................... 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 its true and full value in money because of the fact that I was assess ing said property for taxation"
 Section sS Except as may be by erty shall be listed and valued as on the first day of February in the year in which same is assessed and the trans fer or sale of any taxable property sub seauent to the first day of February shall not authorize any person to omit the same from any list although such 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 brEt yl~r~ H.