Page:United States Statutes at Large Volume 31.djvu/1359

 FIFTY-SIXTH CONGRESS. Sess. II. Ch. 854. 1901. 1307 for such company to call for and demand from the stockholders respectively, all sums of money by them subscribed, at such time and in such proportions as its board of directors shall deem proper, within the time specified in section seven hundred and twenty-eight, and it may enforce payment by all remedies provided by law; and if any stockholder shall refuse or neglect to pay any installment, as required by a resolution of the board of directors, after thirty days’ notice of the same, the said board of directors may sell at public auction to the highest bidder so many shares of said stock as s all pay said installment, under such general regulations as may be adopted in the by-laws of said company, and the hi hest bidder shall be taken to be the person who offers to purchase 51e least number of shares for the assessment due. · Sec. 730. ANNUAL Ruronrs TO COMPTROLLER.—EVBYy such com- C0*}$}g},e;°P¤*°¤ *0 pany shall annually, within twenty days after the first of January of ' each year, make a report to the ompitroller of the Currency, which shall be published in a newspaper in the District, which shall state the amount of capital and of the proportion actually paid, the amount of debts, and the gross earnings for the year ending December thirty- first then next previous, together with their expenses, which report shall be signed by the president and a majority of the directors or _ trustees, and shall be verified by the oath of the resident, secretary, and at least three of the directors or trustees; and) said company shall T“°“· pay to the District of Columbia, in lieu of personal taxes fO1' each next ensuing year, one and one—half per centum of its gross earnings for the preceding year, shown by said verified statement, which amount shall be payable to the collector of taxes at the times and in the manner that other taxes are payable., _ Sec. 731. LIABILITY or '1`RUSTEES.—If any company fails to comply m“b’”‘Y°“’“”*°°*‘~ with the provisions of the· preceding section, all the directors or trustees 0 such company shall be jointly and severally liable for the debts of the company then existing and for all that shall be contracted before such report shall be made: Provided, That in case of failure of eP;‘,_§”,”},*,§’,;,0u the company in any year to comply with the rovisions of section ` seven hundred and thirty of this subchapter, and) any of the directors shall, on or before January fifteenth of such year, file his wgitten request for such compliance with the secretary of the company, the Comptroller of the Currency, and the recorder of deeds of the District of Columbia, such director shall be exempt from the liability prescribed in this section. _ Sec. 732. FALSE SWEARING.··A.Dy willful false swearing in regard F““°‘“’°“'“’g· to any certificate or report or public notice required by the provisions of this subchapter shall be perjury and shall be punished as such according —to the laws of the District of Columbia. Any misappropriation of any of the money of any corporation or company formed under this Act, or of any money, funds, or property intrusted to it, shall be held to be larceny, and shall be punished as such under the laws of said District. Sec. 733. Scrocx PERSONAL ESTATE.·—Tl19 stock of such company m§€“’°k P°’S°¤**l ·‘*¤· shall be deemed personal estate, and shall be transferable only on the ` books of such company in such manner as shall be prescribed by the by—laws of the company; but no shares shall be transferable until all previous calls thereon shall have been fully paid, and the said stock shall not be taxable in the hands of individual owners, the tax on the ‘ gross earnings of the company hereinbefore provided being in lieu of other personal tax. All certificates of the stock of any company organized under this subchapter shall show upon their face the par value of each share and the amount paid thereon. Sec. 734. LIABILITY or STOCKHOLDERS.——All stockholders of every h0If§;*g*i*Y °* ¤*°°k· company incorporated under this subchapter, or availing itself of its_ `