Page:United States Statutes at Large Volume 19.djvu/426

 400 FORTY-FOURTH CONGRESS. Sess. II. Ch. 117. 1877. as in this section provided for, any one of said assessors shall, without delay from the best information he can procure, make an assessment against such person, Erm or corporation, to which he shall add fifty per gg0f;,};,? "° ba m` be not satisiied as to the correctness of the return of personal property so made by any person, corporation, firm executor administrator, guar- . dian, or trustee, any one of said assessors may, from the best iniorma- . tion he can procure, or by making such an examination of the personal _ property as may be practicable, assess the same in such amount as to _N<>*l°° °f mJ°°· him may seem just; and notice of the rejection of the sworn return shall °“’“‘ be given to the party intrusted at the address given by him on the APP<>¤·l· schedule, if he shall have given one; and he shall in all cases have the right of appeal to the board of assessors within the time hereinafter False anidavit; limited: And provided further, That if any person shall make a false D¤¤¤lW· affidavit touching the matters herein provided fer, he shall be deemed guilty of perjury, and, upon conviction thereof, shall be subject to the penalties for that offense now provided for by section fifty-three hundred and ninety-two of the Revised Statutes of the United States. Tax on capital Sno 11. That the capital stock of all corporations in said District not Shareholders not poration issuing the same shall be liable for the tax thereon according Deduction of reel individual owners thereof ; but from the appraised value of the stock in said District, which shall be separately taxed against said corporation. Assgssnmnt un- Sec. 12. That the assessment of real property made under the profig? i<$`¤*°*; Mlts visions of the act of Congress entitled "An act for the support of the Q,;pt° ’ "` "P ’ government of the District of Columbia for the tsoal year ending June 1875, oh. 162, thirtieth eighteen hundred and seventy six, and for other purposes" ap- 18 Stat., 501. proved March third, eighteen hundred and seventy 1ive,and amendments thereto, is hereby ratified and approved as the assessment except _ as hereinafter modified, for the fiscal year ending June thirtieth eighteen hundred and seventy-eight and the Commissioners of the District, Assessors: num- or their successors in office, shall appoint three competent persons b‘”· t"""* ““1“'y· to be assessors, and to hold office for the term of five years, unless sooner removed, the salary of each of said assessors to be twelve hundred and fifty dollars per annum. Time Md men- Said assessors shall, before the first day of October, eighteen hundred "°' °* “’”°°’““‘°"*"· and seventy-seven under the direction of the superintendent of assessments and taxes of said District assess the value of all the real property not embraced in the assessment for the fiscal year, ending June thirtieth, eighteen hundred and seventy seven, inclusive of all buildings erected, or roofed, improved or enlarged, and not heretofore taxed, and all personal property in said District liable to taxation, and shall state the same separately, in books to be kept in a systematic manner; and such value for taxation shall be the true value in the lawful money of the United States of the property so assessed. The assessed value shall have reference to the date of the first day of July, eighteen hundred and seventy seven, except in regard of buildings erected, roofed, improved, or' enlarged subsequent to that date, or, in the case of stock in trade, shall be the average value of the stock of merchandise or other articles kept on hand during the year ending June thirtieth, eight- . een hundred and seventy seven. Persons coming Where a person, coming into the District subsequent to June We Dimicv 3-fm thirtieth, eighteen hundred and seventy seven, engages in trade J““" **°¤ 187* of a permanent character, he shall pay a tax proportioned to the fraction of the tax year ending June thirtieth eighteen hundred and seventy eight, during which he conducts said trade and the GOO ds bum ht assessment in said case shall have reference to the average stock in in for ,,,,1,, at jg_ trade for sixty days from the date of commencing business; but when neu, any person shall bring a stock of goods of any character whatever
 * VQ°}‘ "°’:"}*t.°f centum thereof: Provided fwrther, That if a majority of said assessors
 * 0***- herein exempted shall be appraised in bulk by the assessor, and the cor-
 * 6- to such value and the shares in the same shall not be assessed against the
 * “******° f*`°'“ “*°°k- shall be nrst ded noted the value of of any real estate of said corporation