The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1917-12-05
WAR STAMP TAKES DUE.
MUST BE ATTACHED TO MANY
DOCUMENTS AND PAPERS.
Stamps May &c Had From Collector
Hcyward-I!st of Public Instru-
mcnts to BE Stamped.

gress requires the placing of q docu-
mentary revenue stamp on all kinds
Of documents, instruments and pa
pers. on and after Dec. 1, 1917, the
date on which this pert Of the act
takes effect. The collector of internal
revenue gives out information to the
effect that the following documents
are taxable under this part of the act
and should have proper stamps
affixed to them after Dec. /, 1917:
Bonds, debcntures, or certificates of
first day of December, 1917, by any
person, corporation, partnership, or
association, on each 500 of face val
ue or fraction thereof cents. Every
renewal OF q bond of this nature shall
be taxed at the same rate as if it
were a new issue.
Bonds Of indemnifying any person,
corporation, partnership or corpora
ton who shall have become bound for
the due execution or performance OF
any contract, obligation, or require
ment, or the duties of any office or
position, and to account for money re-
ceived by virtue thereof, and all other
bonds of any description, except such
as may be required in legal proceed
ings, not otherwise provided for in
this schedule, SO cents. Where a pre-
MUM is charged for the execution of
such bond the tax shall be paid at the
rate of l per cent on each dollar or
fractional part thereof of the prem
ium charged. Policies of reinsurance
shall be exempt from the tax impos-
ed by this subdivision.
On each original issue, whether on
organization or reorganization, Of GER
tifcates of stock by any association,
company, or corporation, on each
800 Of face value or fraction thereof,
cents. Where capital stock is issued
without face value, the tax shall be
cents per share, unless the actual
value is in excess of 500 per share,
in which case the tax shall be cents
on each 500 Of actual value or frac-
ton thereof. The stamps representing
the tax imposed by this subdivision
shall be attached to the stock books,
and not to the certificates issued.
On all sales or transfers of capital
stock certificates the tax imposed is
ut the rate of cents for each 800 of
face value or fraction thereof, and
where such shares are without par
value. the tax shall be cents on the
transfer or sale of each share unless
the actual value therof is in excess of
800 per share. in which case the tax
shall be cents on each 500 of ac-
tual value or fraction thereof.
Upon each sale, agreement of sale
)r agreement to sell, including So
alled transferred or scratch sales,
any products or merchandise at any
exchange, or board of trade. or other
similar place, for future delivery, for
each 500 in value Of the merchan
disc covered by said sale or agree
ment of sale, or agreement to sell,
TWO cents and for each additional
500 or fractional part thereof in ex-
cess of 500, two cents.
Drafts or checks payable otherwise
than at sight or on demand, promis
sorry notes. except bank notes issued
Tor circulation, and for each renewal
OF the same, for sum not exceeding
800, two cents; and for each addi-
tional 500 or fractional part thereof
two cents.
Deed, instrument, or writing, where.
oy any lands, tenements, or other real
W sold shall be granted, assigned
transferred. or otherwise conveyed TO
or vested in, the purchaser or mr.
chasers, or any other person or per-
sons, by his, her. or their direction.
When the consideration or value of
'he interest or property conveyed. ex-
'iusiVe or the value of any lien or en-
cumprance remaining thereon at the
'iihe or sale. exceeds 500 and does
''o' exceed $500, SO cents: and for
each addition $500 or fractional part
theerof, SO cents. provided, that moth
Ing contained in this paragraph shall
DE SO construed as to impose a tax
upon any instrument or writing given
to secure a debt.
Entry of any goods, wares or mer-
chandise at any custom house. either
LOT consumption or warehousing, not