Year: 1869

Gee. Z. L MS act snail take effect from
its passage. "r7# -


Approved Nov. Is, 1869. o.. .a,
An act providing for taxing stock in trust


companies and other noneycd corpora


tions organized, or which may be Or


ganized under the laws of this State.
1t as hereby enacted, DC. M


Sec. ]. Itshall be the duty of the cash
ier, clerk err executive officer, by whatev-
er name he may be called, of all trust
companies or other moneycd corporations
organized, or which may be organized un-
der the laws Of this State to transmit to
the clerks of the several towns and cities
this State, in which any stock or share
ho' der of such trust company or other
moneyed corporation may reside, a true
list of the names Of such stock or share
holder, with the number of shares stand
ing against the name of each stock or
shareholder on the books of such trust
company or other moneyed corporation,
together with the amount Of money paid
in on each share, on the first day of April
on each year hereafter, OF or before the
fifteenth day of April in each year.


Sec. 2. The stock and shares of all such
trust companies or other monied corpora
tions, shall be set in the list and taxed in
the same manner that the stock in the sew
eral banks in this State, which are chart
cred under the authority Of this State,
are liable to be taxed by the existing laws
thereof. .' .. ....
Sec. 3. IF any of the stock of such
trust company or other moneyed copora-
tion is owned by, or stands in the name
Of any person residing out of this State,
1t shall be the duty of the cashiers, clerks
or executive officers by whatever name
called, of such trust companies or other
moneyed corporations to transmit to the
clerk of the town or city in which such
trust company or other moneyed corpora
ton is situated, the names Of all such
nonresident stock or shareholders, with
the number of shares standing against the
name of each of such stock or share
holders on the books of such trust compa-
ny or other moneyel corporation, together
with the amounts of money actually paid
in on each share, on or before the fifteenth
of April in each year, and it shall be the
duty of the listers to set to said shares or
stock in the list of such town or city to
the person or persons in whose name such
shares of stock shall stand. s na
Sec. 4. Whenever the collector in any
town or city in which such trust company
or moneyed corporation is situated, shall
have tax against any stock or sharehol-
der in such trust company or other mon
eyed corporationj who is not resident Oh
this State, it shall be the duty of the
cashier, clerk or executive officer Of such
trust company or other moneyed corpora
ton, upon presentation Of such tax to
him by such collector, to pay the same,
and charge the same to such stock or
shareholder, on the books of such trust
company or other moneyed corporation; ;
and the stock of such stock or shareholder
and all the dividends due or becoming due
upou the same, shall be holden to such
corporation for the payment Of such tax.


Sec. 5. IF any cashier, clerk or other
executive officer shall neglect or refuse to
make returns to any cities or towns IN
this State, as provided in this act, he shall
forfeit and pay to the etreasurer of such
town or city for the benefit of such town
or city, the sum of five hundred dollars;
to be recovered by an action on the case
in the name of such treasurer founded on
this statute. H


Sec. 9. All acts and parts of acts incon-
slstcat with the provisions Of this act are
hereby repealed. 'nn9r aI1


Approved Nov. IL, 1869.


An act to encourage manufactures.


IT. hereby enacted, 3.ci


Sec.1. manufacturing establishments