The St. Mary banner., 1922-11-18

ed profits amount to one hundred
thousand dollars or more, the license
shall be two hundred dollars (S2OO}
Second Class. When the declared
or nominal capital, surplus and undi,
vlded profits amount to fifty thou
sand dollars or more, and less than
one hundred thousand dollars, the Ii.
cense shall be one hundred dollars
(S100).
Third Class. When the declared
or nominal capital, surplus and und;-
vided profits amount to TWENTY-FIVE
thousand dollars or more, and less
than fifty thousand dollars, the IL
cense shall be seventy-fve dollars
(S75).
Fourth Glass. When the declared
or nominal capital, surplus and undi
vided profits amount to less than
twenty-five thousand dollars, the IL
cense snail 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
ton 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, declared or nominal capi-
tai surplus or undivided profits: and
such branch bank, banking company.
trust company, association, corpora
tlon 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
ton.
Sec. 5. Be it further ordained,
ETC., That for each business of car
rying on 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 1r
more, the license shall be six hundred
dollars (s6OO).
Second Class. When said capital is
two hundred and fifty thousand dol
lars or more, and under five hundred
thousand dollars, the license shall be
three hundred dollars $4,000.
Third Class. When said capital is
one hundred and fifty thousand dol
lars or more, and under two hundred
and fifty thousand dollars, tbs license
shall be two hundred dollars $4,000.
Fourth Class. When said capital is
under one hundred and fifty thousand
dollars, the license shall be one hun
dred dollars ($1O0).
Sec G. Be it further ordained,
etc., That for carrying on the busi-
ness pursuits known as cotton fac
forage and commission business,
sugar factories, grain and produce
commission houses; manufacturers
agents, merchandise broker, or any
other factorage or commission busi
ness, or brokerage in money, bonds,
real estate, produce sugar, or other
brokerage business except as herein
after provided, whether buying or
selling for actual spot or future deli
very where the intention of the par
ties is to make an honest and bona
fide delivery, the license shall be bas-
ed on the gross annual commissions
and the brokerage on sales and pur-
chases, and shall be fixed and graded,
as follows, to-wit:
First Class. When the gross annual
commissions exceed two hundred
and fifty thousand dollars, the license
shall be two thousand one hundred
dollars ($2,100).
Second Glass. When the gross an
nual commissions exceed two hun
dred thousand dollars, and not more
than two hundred and fifty thousand
dollars, the license shall be one thou
sand eight hundred dollars (S1,800(
Third Class. When the gross annual
commissions exceed one hundred ana
severty-fve thousand dollars, and no,
more than two hundred thousand dol
lars, the license shall be one thou
sand five hundred dollars Isl ,50O.
Fourth Class. When the gross an
nual commissions exceed one hun
dred and fifty thousand dollars, ane
not more than one hundred and sew
enty-five thousand dollars, the licen
Sc shall be one thousand three hun
dred and fifty dollars f$1,a50).
Fifth Glass. When the gross annua
commissions exceed one hundred ant
twenty-five thousand dollars, and no
more than one hundred and fift!
thousand dollars, the license shall b.
one thousand and two hundred d9l
lars ($l900l.
Sixth Glass. When the gross an
nuai commissions exceed one hundre,
thousand dollars, and not more thai
one hundred and twenty-five thousan'
dollars, the license shall be nine hun
dred dollars ($900).
Seventh Glass. When the gross an
nual commissions exceed eighty thou
sand dollars, and not more than on
hundred thousand dollars, the licens
l.,