Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1915-03-25
HOUSE-AFTERNOON.

Devotional exercises were conducted BY
the chaplain.
SENATE PROPOSALS OF AMEND
MENT CONQUERED IN.
II. 43i an act to amend sections Al, 122,
Isl, III. 10, 30 and 2S3 of No. 2l2 of the
acts of 1905, relating to the charter of the
city of Burlington
II. 4si from the committee on corpora
tions, an act concerning fees payable by
incorporators. corpora tons and associ-
ates. Fixes fees as follows: On the for
nation of amy corporation under any law
of this state. ten dollars if the corpora.
ton has "A capital stock not exceeding So
coo; twenty-five dollars for capital be-
tween $500 and $1,000, fifty dollars for
capital between $1,000 and $4,000; one
hundred dollars for capital between $50
900 and S200,0)o two hundred dollars for
capital between 5000, 900 and $500 900; three
hundred dollars for capital between $780,
01H and Sl,oo0CO; five hundred dollars for
capital from 81 900, coo to 81, 600 900: and two
hundred dollars for each additional mil
, lion or fraction thereof.
| II corporation has no capital stock fee
to be twenty-five dollars with no fee fo.'
village Improvement or cemetery corpora
tons, or any charitable, educational or
religious corporations or public play
ground corporations: provided that no
corporation shall be exempt from the
payment of an organization fee If 1t is
to have a capital stock or is organized for
profit.
If charters are amended to increase
| capital fee shall be sum equal to diff
/ ference between fee herein required for
capital before such increase. and the fee
/ herein required for the total amount Of
capital stock permitted after such in
| crease If charter 10 amended but stock
not increased fee to be five dollars.
Fee payable on issue to foreign corpora
ton or Others with office in another jurs-
diction to do business in the State. ten
dollars Ordered to lie and be printed
SENATE PROPOSALS OF AMEND
| MENr CONQUERED IN-SPECLAL
| ORDER
| II. 4oi, an act to appropriate money for
the use of the State fair commission,
and In aid of agricultural fairs Tho
! question was, on the House concurring in
the Senate proposals OF amendment; as
of March Il. Nj. Stacey of Hartford
explained tho proposals of amendment
which We're made on recommendation of
the auditor and attorney general and as
approved by the Governor which, he said
would tend to remove past causes of
friction. Mr.. foOtc Of Cornwall explained
the action and attitude of the commit
tee. Mr.. Hamblet of Barton moved that
the debate now cease. Mr. Hapeood
asked for 30 seconds. hut Mr.. Hamblet
refused to yield; Mr.. IIapgood demanded
a rising vote, which resulted in sustain
ing Mr.. Hamhcts notion rs to s.
The House then by rising vote concur
red in the Senate proposals of amend
ncnts by 81 to 81.
SPECIAL ORDER.
II. 21o an act to provide for the APP
praisal of bank stock. Mr. Caswoll of
! Derby explained that the bill provided
for uniformity of appraisal of bank
! stock. Mr.. Stacey of Hartford moved
| that owing to the absence Of the chair
man of the ways and means committee
the bin be ordered to lie and be made
a special order for Tuesday morning at
1913 o'clock, and it was 50 ordered.
SENATE AMENDMENTS CONCURREn
IN.
II. +35, an act to provide for the regis.
tration Of automobiles or motor vehicles
by manufacturers or dealers.
II. H1. an act to provide for the ap-
praisal of bank stock, Those being in
objection, the bill was treated as not
having been taken up, according to
ruling of the chair.
MIR. McEroy of Windsor moved to
amend by substituting H. 2s2. after strk-
ing out all of Fl. ~, but the enactins
clause. Mr.. Wilson of Chelsea explained
| hal he hill amended aa
posed. II would be impossible further to
amend the bill. He called attention TO
provisions of H. 277 which provided for
equalizing the appraisal of bank stock.
He did not favor the provision which
was found in the substitute bill provid-
Ing that all taxes on bank stock above
the par value would go to the State and
not to the towns Mr.. Powell Of Rich
ford opposed the amendment
Mr.. McClary argued that this bill con-
nicted with the United States law rela-
tive to national banks, of which class
there are 20 in Vermont He opposed
some Of the methods of appraisal pro-
posed lie thought II. oS2 would add
sl5. 900 to the revenue of the State. Mr.
Wilson of Chelsea said that II, 277s merely
gave to a commission a power which
|
tional bank stock He used Wind
sor bank paving l6 per cent In dividends
as an illustration of the need of a law
like II. 277, On motion OF Mr.. Powell
Of Richford the previous question was
ordered,
The amendment proposed by Mr.. Nc
Clary was defeated Mr., Wilson OF Chel-
sea moved to amend by inserting new
section providing that real estate own
ed by 81 company or savings BANK
shall be carried as assets at an amount
not less than it's appraisal for taxation
Mr. Smith of St. Adams city thought
the question to decide was one OF policy
between two bills, both OF which aimed
to equalize the appraisal of bank stock.
He thought In view Of the prohibitory
that a direct tax might be needed. there
| was something to be said In favor of a