Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1914-12-03

| Schedule IA OF the new Emergen-
cy Revenue Law" is of such general
interest that we append the full text
of same herewith, prefacing each par
agraph with a brief summary of it's
| contents.
SUMMARY - Bonds, debentures,
certificates of indebtedness and stock
certificates Of any corporation, five
cents on each $100 face value, or frao-
ton thereof.
Sales, agreements to sell, memo
randa of sales or deliveries or trans
fers of stock, two cents per 500 face
value, or fraction thereof.
TEXT OF ACT-"Bonds. deben-
lures, or certificates of indebtedness
issued on and after the first day of
December, nineteen hundred apd four
teen. by any association. company. or
corporation, on each s100 of face value
or fraction thereof cents, and on
each original ISSUE whether on or
ganization or reorganization, of cer-
titicates of stock by any such associa-
| ton, company. or corporation, on each
$500 of face value or fraction thereof,
ments to sell, or memoranda of sales
or deliveries or transfers of shares Or
certificates of stock in any associa-
ton, company or corporation wheth-
er made upon or shown by the books
of the association. company, or COR
poration, or by any assignment in
blank, or by any delivery, or by any
paper or agreement or memorandum
or other evidence of transfer or sale,
whether emitting the holder in any
manner to the benefit of such stock
or to secure the future payment %
money or for the future transfer If
any stock. on each 500 of face value
or fraction thereof, 2 cents: Provided.
That 1t Is not intended by this Act to
impose tax upon an agreement EVIL
dencing a deposit of stock certificates
as collateral security for money
loaned thereon, which stock certifi-
Gates are not actually sold, nor upon
such stock certificates so deposited:
Provided further That in case of sale
where the evidence of transfer is
shown only by the books of the COM
pany the stamp shall be placed upon
such books: and where the change of
ownership is by transfer certificate
the stamp shall be placed upon the
certifcates and in cases of an agrees
nient to sell or where the transfer il
by delivery of the certificate assigned
in blank there shall be made and deliv-
cred by the seller to the buyer bill ,r
memorandum Of such sale. to which
the stamp shall be AFFIXED; and every
bin or memorandum of sale or agree
10 II
show the date thereof, the name of the
seller, the amount of the sale, and the
matter or thing to which 1t refers.
And any person or persons liable to
pay the tax as herein provided. or
anyone who acts In the matter as
agent or broker for such person or
persons, who shall make any such
sale. or who shall in pursuance of any
such sale deliver any such stock, or
evidence of the sale of any such stock
or bill or memorandum thereof. as
herein required, without having the
proper stamps affixed thereto. with
intent to evade the foregoing pro-
visions shall be deemed guilty of a
misdemeanor. and upon conviction
thereof shall pay fine of not exceed
ing $1,000 or he imprisoned not more
than six months, or both, at the dis
erection of the court
suMMARY-rrading at any ex.
change, board Of trade, etc, one cert
on 500, and one cent on each addi-
tional 500 or fraction thereof.
TEXT OF AcT-"upon each sale,
agreement of sale or agreement
SO
chandise at any exchange, or board
OF trade, or other similar place,
either for present or future delivery,
for each 500 in value of said sale or
agreement of sale or agreement to sell,
! cent, and for each additional 800 or
fractional part thereof in excess OF
500, l cent: Provided. That on every
sale or agreement of sale or agree
ment to sell as aforesaid there shall be
made and delivered by the seller to
the buyer bill, memorandum, agree
ment. or other evidence Of such sale,
agreement of sale. or agreement to sell.
to which there shall be affixed law
ful stamp or stamps in value equal to
the amount Of the tax on such sale.
And every such bill, memorandum,
or other evidence of sale or agreement
to sell shall show the date thereof, the
name Of the seller. the amount of the
sale, and the matter or thing to which
IT refers; and any person or persons
liable to pay the tax as herein pro-
vided, or anyone who acts in the mat
ter as agent or broker for such per-.
son or persons, who shall make any
such sale or agreement of sale, Oh
agreement to sell, or who shall, in pur-
suance OF any such sale, agreement of
sale. or agreement to sell, deliver any
such products or merchandise with
out bill, memorandum, or other evil
dence thereof as herein required, or
who shall deliver such bill. memoir
andum, or other evidence of sale, or
agreement to sell, without having tho
proper stamps affixed thereto, with
intent to evade the foregoing pro-
visions, shall be deemed guilty Of a
misdemeanor, and upon conviction
thereof shall pay fine of not exceed
ing $1,000. or be imprisoned not mora
than six months, or both, at the dis
erection Of the court. That no bill,
memorandum, agreement, or other evil
dence OF such sale or greeYnent Of