Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1915-03-31
SURPLUS FUND OF
SOCIETY EXEMPT
BILL RECENTLY PASSED At
SPRINGFIELD HAS IMPORTANT
BEARING on -. ~. =
Unasr fts Prss's.srs. Frstsrnai ~
E4rsrss orsaa.zssisrs Net Rsgsir-
&c g Pay Special Tss-

7 Wee ia 1919 ar eE1rf uas made
o. rrga.rr thf Eact IsiaHd county
board of rev.ea TO taz tae surplus
fladf af enc Nodrra woodmca o.
. Anerica. whose bead 1f.ccs are in tAiH
city. Or vas predicted that she con
fecfi1a. if ursuccersfui would have a
. arraaehiaE and Gisa strous effect on
en- frafrruai benffciary societies do
SAG busiaess ln tar state. Ga uiu De- re-
called faaf tHr board 90 rrsiea refused
60 take ilr.edicfiCu end che ease vas
afferuar4s transferred t1 Livingston
c11afF ur@rr tar oHcr 1f che then
head banker ~ ff~ soc.rtE aaE i1-
eatrd and uarrr tlr matter iE n0W
pezfiaE.
Bill ts Prsssrtss.
HecoEaiFirE taF danger Confronting
them. 40 ~ tle frafrrral societies op-
enure ir Illinois combined tG pro
seating f1 tfr present irs. siatgre a BIN
Co relieve them frum flIE assessment
la ere future TIE bU uaE handled
bF a. r.. Hereford. supreme ebaneri-
flr % FGr Court of HUrur. OIL chairman
ot 600 c1Huittrr 0r th~ combined H1-
csrries ana "a announced iu tsIfrfaraie
Dispatches yesterday. vas promptly
passed HF both bosses and signed by
rae governor.
Vital Section.
Tlr fl1aias .F trr vital section
oE frr bal al. ir affects tar question %
raaatl9a Ge,I bg tratrraal Beneficiary
s1e.FfiFt-
Ca computing che taxable property
end faEdE OF Oh frafrrrai hHarac.arT E1-
eietF. orrau.zs1 uut~r tlr laws of tais
state ttr-~ eaau b. deducted from its
gross assets tle value of itr real ea-
ratr. furniture. supplies and other per-
r1esl property. ofaFraiTr taxed. che
Gee taia~ of .ts benefit crFtire1frl.
aaf au other HatHifirr a. tesI.ff1
ana sa1su bg ths latest reports 90 tae
lasarerrr sgpfriHterGfat aa1 Che rs-
nafrtr- sEau % tHe property and
faras Tor uaica tho society shall bf
assessed.
me clause -tE~ uFr value % tE
bearat crstiacates- means thaf q BEN
rrrIarF society may charge a. an ole
SEQ against any funds % mas have nr
.ae1 asaLlabfr for claims ftF net sal.
.r- % ifs ogtetaudieE rrrflncafr.. Too .
res value of a tTurft certificate .s .
..r dtrrrrEer. up1r auF frfr. between .
..e erse~rt value of ffs promised bTr- .
.aE. tar tae face 90 che ceTfifrafFI and .
.ar present value 60 flr future re- f
.arrri1eti1rs o. br made tv ffF iuF1r. .
-f tariEr tis ufr time. fFat Del 60 ray. .
a- -rrs galar- ts tFr a-r liability ear
srf tr f.r society 1E account af out
.raadias eerJlHrstHs. talr- tHr Fsa-
..siaae af ter bw fse Hlrp.ua funds 20 F.
lr Modern Wa11ura. ans ai slE.iar
1el-tl-E. uU BE- exempt from taxa
SON
Wu wrs~ Saving.
ff tHr ueE legislation g. rsEtaiurl.
g a.lIi resaff la o material saving to faF
1e.r-.es Gr tr ffr Individual member
Er-raf tf fa~ mrrf.sr CO tar Moe
.ru Waadmra head camp at Toledo.
Ia51. ca amendment aas added lo itF
.y-,aa.s pr1Fid.rF chat ln ans state
lE6E- taaE Imposed task upul tae
rcr.pfs of rr4frrual braeGeiary soci-
tirs tsr head camp should have al-
E1rafy f1 irtv O. special per capita
sesFas~at 0a tar uemhTrE bei1aEinr
% rfr local camps ia such states. auf.
r.rrt .a amount t1 meet such tax
he effect % tEe uFU BIN Which yea-
erfag became o. tau. viii b. 90 reader
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