The St. Mary banner., 1921-11-26

Tenth Glass. When the said re
receipts are seventy-tive thousand dol
lars or more, and under ninety thou.
sand dollars, the license Shall be sey-
enty-ti%e dollars t$7J.l
Eierenth Class Wnen the said Yt.
ce!rts are fifty thousand dollars ol
more. and less than scventv-ti-,e thou.
sand dollars, the license Shall be tittv
dollars $50.
Twelfth Glass. When the said re-
celpts are forty thousand dollars ..
more. and less than fifty thousand
dollars, the license Shall be forty dol
lars $40
Thirteenth Class. When the said re.
ceipts are thirty thousand dollars or
more, ard less than forty thousand
dollars, the license shall be thirty
dollars $50.
Fourteenth Class. When the said
rec oi3tS are less than ta.rty t09cs;.,.
collars. the license .aft b. tuant =
ft,a dollars tS25.j
Provided, that the licenses fixed
and graduated by this section shall
not apply to the business OF grinding
meal, ginning cotton or making Su-
gar BY any farmer or planter. Each
business Of manufacturing cotton
seed oil shall pay a license as fixed
ana graded in this section.
See. 4. Be it further ordained.
etc, That for each business Of car
rying on a bank, banking company,
trust company, association, corpora
tion or agency, the license shall be
based on the declared or nominal cap
ital, surplus and undivided profits.
and shall be fixed and graded, as fol-
lows, to-Tit:
First Glass. When the declared or
nominal capital, surplus and undivid-
ed profits amount to one hundred
thousand dollars or more. the license
shall be two hundred dollars (S20O.)
Second Glass. When the declared
OF nominal capital, surplus and undi-
yided profits amount to fifty thou
sand dollars or more, and less than
one hundred thousand dollars, the IL
cense shall be one hundred dollars
tS100.)
Third Glass. When the declared or
nominal capital, surplus and undi-
vided profits amount to twenty-five
thousand dollars or more. and less
than fifty thousand dollars, the Ii
cense shall be seventy-five dollars
($75.)
Fourth Glass. When the declared or
nominal capital, surplus and undi-
vided profits amount to less than
twenty-five thousand dollars, the IL
cense shall be fifty dollars (s5O.)
The license imposed by this sec
tion shall be due and payable by each
branch of bank, banking company,
trust company, association, corpora
tion or agency operated separate and
apart from the parent or principal
bank, banking company, trust comp
any, association, corporation or agen-
cy, where such branch establishment
has allotted to, set apart or designa-
ted to it, a declared or nominal capi-
tai surplus or undivided profits; and
such branch bank, banking company,
trust company, association, corpora
ton or agency having no such declar-
ed or nominal capital, surplus or un-
divided profits allotted to, set apart
or designated to it, shall pay the
minimum license fixed in this sec
tion.
Sec. S. Be it further ordained,
ETC., That for each business of car
rying on a private banking house,
business or agency, the license shall
be based on the total declared capital
invested in said business, whether
said capital is owned by or in use or
on deposit in this State or elsewhere,
and shall be fixed and graded as fol-
lows, to-wit:
First Class When the said capital
is five hundred thousand dollars or
more, the license shall be six hundred
dollars ($600)
Second Class. When said capital is
two hundred and fifty thousand dol
ars or more, and under five hundred
thousand dollars, the license shall be
three hundred dollars ($300.)
Third Glass. When said capital is
one hundred and fifty thousand dol
ars or more, and under two hundred
and fifty thousand dollars, the license
shall be two hundred dollars $500
Fourth Glass. When said capital Is
lnder one hundred and fifty thousand
dollars, the license shall be one hun
ired dollars ($10O.)
Sec. 6. Be it further ordained,
etc., That for carrying on the bust
ness pursuits known as cotton fac
forage and commission business,
sugar factories, grain and produce
commission houses; manufacturer
agents, merchandise broker, or any
)ther factorage or commission bust
ness, or brokerage in money, bonds,
-eal estate, produce sugar, or other
brokerage business except as herein
after provided, whether buying or
selling for actual spot or future deli
,ery where the intention of the par
les is to make an honest and bona
ide delivery, the license shall be bas-
I'd on the gross annual commissions
md the brokerage on sales and pur-
.bases and shall he fixed and graded,