Page:United States Statutes at Large Volume 32 Part 1.djvu/685

 FIFTY—SEVENTH CONGRESS. Sess. I. Ch. 1352. 1902. 619 wares, or merchandise, either at private sale or at auction, to conduct such business until a sworn statement of the value of said stock has been filed with the assessor of the District of Columbia, who shall thereupon render a bill for the unexpired portion of the fiscal year at the same rate as other personal taxes are levied. The assessor is hereby authorized to reassess said stock whenever in his judgment it has been undervalued. _ The goods, wares, and merchandise of any S¢i=¤r¤ fvr ¤¤1»·i»¤ person or persons, who shall fail to pay the tax required by this para- mm` graph within three days after beginning business, shall be subject to distraint, and it shall be the duty of the assessor to place bills therefor in the hands of the collector of taxes, who shall seize sufhcient of the goods of the delin uent to satisfy said tax: Provided, That said owner Hmm. shall have the right of redemption within thirty days on payment of R°d°mp"°"‘ said tax, to which shall be added a enalty of one per centum, together with the costs of seizure. The coglector shall sell such goods as are 5***- not redeemed, at public auction, after advertisement for the three days preceding said sa e. PAB. 4. Hotel companies and the proprietors of hotels shall_ pay to H°‘°l"· the collector of taxes of the District of (aolumbia one and one-half pe1· centum on the assessed value of their furniture. I mm k_ PAR. 5. Each national bank as the trustee for its stockholders. sasikgieriiocriie iigmingj through its president or cashier, and all other incorporated banks, and ',§§,‘},e;f’l°Ph°“° '~`°“" trust companies, in the District of Columbia, through their presidents or cashiers, and all gas, electric lightin, and telephone companies, through their proper officers, shal make affidavit to the board of personal-tax appraisers on or before the first day of August each year as to the amount of its or their gross earnin s for the preceding year ending the thirtieth day of June, and shad pay to the collector of ingx °" "°“ °""`“ taxes of the District of Columbia per annum on such gross earnings as follows: Each national bank, and all other incorporated banks. and trust companies, respectively, six per centum; each gas company. five per centum; each electric lighting, and telephone company, four per centum. And in addition thereto the real estate owned by each national or other incorporated bank, and each trust, gas, electric lighting and tele hone company in the District of Colum ia shall be taxed _ companies shall continue to pay the four per centum per annum on ¤******~‘**· their gross receipts and other taxes as provided by existing law, and p_ln’}e’j_f"“""° """" insurance companies shall continue to pay the one and one-half per _ centum on premium receipts, as provided by section six hundred and ‘_"'· 3* *’· mlfifty of the Code of the District of Columbia. That so much of the ‘°'· "’· *‘· "’°”· Act approved October first, eighteen hundred and ninety, entitled c°';§,f,,gQ,‘;‘,Q;h§;f,·_· “An Act to provide for the incorporation of trust, loan, mortgage, ` and certain other corporations within the District of Columbia" as is inconsistent with the provisions of this section is hereby repealed. _ PAR. 6. All com nies who guarantee the fidelity of any individual Fmmy °°'“"‘"l°" or individuals, suchxhs bonding companies, shall pay to the collector of taxes of the District of Colum ia one and one-ha f per centum of their gross recei ts in the District of Columbia. s_ _ ba k_ PAR. 7. Savings banks having no capital stock and paying interest `-mss " ” to their depositors shall, throu h their president or cashier. make aflidavit to the board of personalétax appraisers on or before the first day of August in each year as to the amount of their surplus and undivided rofits, and shall pay to the collector of taxes of the District of Coiiimbia a sum equal to one and one-half per centum on the amount of their surplus and undivided profits on the thirtieth day of _ June preceding. _ _ _ _ Cmomiom PAR. 8. The capital stock of all corporations, other than those herein provided for, organized in the District of Columbia or under the laws of any of the States or Territories of the United States chiefly for the