etook or stooks 0s other3ompaniesor ooi?porations-held as an investmentor in any way representing assets,togetherwith all other personal propertybelongingor pertalning.tosaid bank, except such~personalpropertyas la speciallyexemptedin>m taxationby the laws of the UnitedStates.. "3. Nationalbat&m shall be requiredto render all of their real estateas other regl estate IS mmlered; an& all thq personal propertyof said nationalbanks herein taxed shall be valued as othei. personal property IS valued. '4. All other banks, bankers, brokers,or dealersin exhange, or stock jobbers shall render their list in the followlzigmanner: "(1) The amountof money on hand on In transitor In the hands of other banks, bankers,brokersor others subjectto draft, whetherthe same be In or out of the State. "(2) The amountof bills .recelvable, discountedor purchasedand other credits due or to become due, lncludlngaccounts receivable,Interestaccruedbut~notdue,' and Interestdue and unpaid. "(3) From the aggregateamcunt0s the items named In the first and seaond of the last two subdlvlsionsshall be deducted the amount of money on deposit. "(4) The Bmotuit0s bonds and 8t0cks0s every kind, except United Statesbonds,~ and all sharesof capitalstocks or j0l.M stocksof other companiesor W?pOratlmS - held as an Investmentor In any way repre- eentlngassets.
-. _ Imluded ti Oplnlon NO. c-519 HF. R. E. swift, Page 4 OpinionNo. W-935
those assessedagainstIts real estate. On Motion for BehearIng,the courtpointed&t*hatunderthe Acts 0s 1883, page 111; 9 &unme18sLam 0s Texa6, 417, property, both.realand personal,owned by state banks could be taxed 1 (uon4.I "(5) All other propertybelonging or appertainingto said bank or business, Includingboth personalpropertyand real 'estate, Shallbe listed ai dther personal propertyand real estate, Article7166 reads as r0ii0w8: %very ba+lrtg oorporatlon, State or national,doing businessIn this State shall, In the clty.ortows In which it Is located,renderIts real estateto the tax assessoriat the time and In the manner requiredof lndlvlduals.At ,thetlme 0s making such renditionthe presidentor some other or?iceti0s said bank shall rile with said assessora ~suornstatementshowingthe number and amountof the sharesof said - bank, the nime and residenceof each share- holder,and the number and amountof shares owned by him. Every shareholder0s said bank shall,In the city or town where said bank Is located,renderat their actual value to the tax assessorall shares owned by him in such bank; and In case of hlk failureso to do, the assessorshall assess such unrenderedsharesas other unrendered property. Each share in such bank shall be;taxedonly for the differencebetween Its actual cash value and the proportionate amountper share at which Its real estate Is assessed. The taxes due upon the shares of bankI@ corporations shall be a lien thereon,and no bankingcorporationshall pay any~dlvidendto any shareholderwho Is In defaultIn the paymentof taxes due on hi8 shares;nor shall any bankingcorporation permit the transferupon lte books of any share, the owner of which Is In default In the paymentof his taxes upon the same. Nothingherein shall be SO construedas to tax nationalor State banks,or the share- holdersthereof,at a greaterrate than Is
. . Inqludedln OpinionNo. C-U9 Hr. R. E. Swift, We 5 OpinionNo. UN-935
directlyIn the hands of the individualor corporateowsen shlle thatofnatlonal hanks oouldbe ~achedonl~WWx&ng the shares0i stock in