The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1919-03-12
LEGAL
Published in The Topeka State Journal
March II, 1871
l.. M

Published in The Topeka State Journal
March II, 1919.
SENATE BILL No. &c
AN ACT concerning assessment and taxa |
ton: providing for the assessment of the
interests of shareholders in national, |
state and other banks and also in loan |
and trust companies organized under the /
laws of the state of Kansas or of the |
United States ana providing also for the |
assessment of the property of mutual |
life and mutual fire INSURANCE com |
11231 and 1123S of the General Statutes i
of 1919.
Be it enacted by the Legislature Of the
State of Kansas:
Section 1. Shares of stock issued by ma i
tiOnal banks and by state banks and saw |
ings banks, or other banking organfza- |
TONS and by loan and trust companies, |
located in this state. shall be assessed to
where the particular bank. loan and
trust company is located. The president,
! cashier other managing officer of each
| and every institution of the kind AIMED
herein which has issued shares of stock
! demand during the month of March of
/ each year a list of all the shareholders
and of the number of shares owned by
/ each shareholder, and the assessing officer
shall list to each shareholder for taxation
purposes the assessabe value of such
1 assessor in fixing the value Of such shares
the returning officer shall furnish to the
showing the amounts of capital stock. sur
plus and undivided profits of March
first of the current tax year: BY I'M
| institution which have not been carried to
surplus or paid out in dividends under
| whatever account carried, whether as
divided profits. exchange. interest. stock
holders account, or other account repre-
| assessor from Such statement shall base
his valuation upon the capital. surplus and
| undivided profits, the latter ascertained as
tprovided herein. unless an investigation
shall show incorrect returns in which
he shall determine what returns should
! hnx hnar1 10 fr ~ 4I,n
tfacts disclosed by the investigation and
shall revise the returns and use such re-
!. ment: Provided. that if any portion Of the
capital stock of any such institution shall
ton shall hold title in fee simple thereto.
the assessed value of said real estate to
the extent of one-third of the combined
capital and surplus owned MS a banking
home shall be deducted from the original
gross valuation of the shares of stock and
such real estate shall be assessed rs other
real estate: also. there shall be deducted
| the assessed value of real estate owned by
the institution to which 1t has fee simnle
title other than the banking home to the
extent of one-third of the combined capt.
tai and surplus unless it shall have been
owned more than five years. in which event
1t shall not he deducted: but. the assessed
value of real estate owned outside of the
The net assessment when So ascertained
/, shalt DE divided among tina shareholders
of shares owned by each shareholder ANY
such institution shall pay the tax assessed
nnon the shares of stock and shall have n
i, lien thereon until the same Is satisfied ::
, Provided. that if for anv reason the taxes
levied upon the shares of stock shall not be
paid by the institution. the properly of the
| therefor.
Sec. .. For the purpose of assessment Of
its property each mutual fire and mutual
life insurance company shall annually in
the month of March furnish to the assess-
| ing ofT1cer OF the assessment district in
which its principal place Of business lie
, located. a Statement verified by It's presi-
dent showing specifically with reference
to the year next preceding the first day of
January then last past: a. A duplicate
OF the statement REQUIRED by law to be
. made to the state Superintendent Of in
. surance for. the said year last past: (2)
a detailed statement of all its pronerty and
: and the value of each item thereof IN
Guiding surplus. guaranty and reserve fund.
and the amount of each. 1t shall he tile
'iutv OF the assessor upon the receipt of
such statement. and from other informa-
0 each and every institution referred to in
/ this section. the value of all personal
p pr per owned by such Institution. and
the actual value in money thereof on
March sa 1st ct S the current rent tn ;o wenr 1900,
! or the General Statutes Of 1915 are hereby
See. 4. This act she'll take effect end he
in force from and after its publication in
, the official state paper
hereby certify that the above Ri1I origf-
mated in the Senate. and passed that body
Senate coseurred in House Amendments
March 3, 1919
F. c. PRICE.
President of the Senate pre tenn
EMMETT d. GEORGE.
Secretary of the Senate.
=. Passed the House February % 1919
Z w. p. LAMBERTSON
Sneaker Of the House
CLARENCE w. MILLER
! Chief Clerk of the House
Approved March G. 1919
HENRY J. ALLEN. Governor
:. l. State Of Kansas
Office of Secretary of State.
I. L. J. PETTIIoHN. Secretary of State
of the State Of Eansrs. do hereby certify
that the above and foregoing is a correct
cory of the original enrolled bill now on
n file In Office
y IN TESTIMONY WHEREOF. I have
hereurt" subscribed my narhe
al tSeal] end affiyed official seal
this 18th day of March. 1913
= L. 7. PET THORN. =
= Secretary of State.
Il First published in The ToDeka STATE
f Journal Wednesday. March H. 1871
o StHte of F"nsrs. Shawnee County. s.
n In the Matter of the Estate of Julia r
Cnton. deceased. late of Shawnee Comfy