Page:United States Statutes at Large Volume 42 Part 1.djvu/1527

 1500 SIXTY-SEVEN TH CONGRESS. Sess. IV. CHS. 267-270. 1923. petition with such business, shall not be deemed moneyed capital within the meaning of this section. mghgigggmugkgcg “(c) In case of a tax on the net income of an association, the rate corpqmnvns mr than shall not be higher than the rate assessed upon other iinancial cor- E}£§,b$0gl`§$l~31£i$$° m°’ porations nor higher than the highest of the rates assessed by the taxing State upon the net income of mercantile, manufacturing, and _ _ business corporations doing business within its limits. g,§8‘;,,‘}],Yj;‘§},d’ge,’;gf "(d) In case the dividends derived from the said shares are taxed, cgngérégglmo mw- the tax shall not be at a greater rgte than is assessed upon the net ° income from other moneyed capita . ,,,l`f,‘§{,?§°,',$,§s,,,,“§,_§s°,;‘ " 2. The shares or the net income as above provided of any national ¤i¤¤¤¤1¤<=¤¤d- banking association owned by nonresidents of any State, or the dividends on such shares owned by such nonresidents, shall be taxed Payment at mmm in the taxing district where the association is located and not else— where; and such associations shall make return of such income and _ pay the tax thereon as agent of such nonresident shareholders. p,lg*6{y¤f¤P'¤°¤°*'°¤* ‘ 3. Igothing herein fpliall be construed to exempt the real property o associations m taxation in an State or in an su - division thereof, to tge same extent, according to its value, ag other , rea pro rty 1S_t?.X8. p.,${L§,’}‘¤$§¤’L'§mmm“l””“. " Til: pI'0VlS10I1S of section 5219 of the Revised Statutes of the §g,,‘§0,§$,,'{c_“* United States as heretofore in force shall not prevent the 1egaliz`, ratifgmg, or confirming by the States of any tax heretofore pi-fig, levie , or assessed upon the shares of nationa banks, or the collect- 1n(gt_the};eof, to the extent that such tax would be valid under said se ion. Approved, March 4, 1923. M¤¤n4,1m  CHAP. 268.-An Act To define butter and to provide a standard therefor. Se it enacted by the _Se*n:ate and House of Re esentatifves of the align d d United States of Amerzea an Congress assembledlw That for the pur- ,,,,,,,0°dmd·_,c§,8gf poses of the Food and Drug Act of June 30, 1906 (Thirty-fourth Von 34,p.7¤8. Statutes at Large, page 768), " butter " shall be understood to mean the food product usually known as hutter, and which is made exclu- M“*‘°°’°¤¤**¤¤¢¤¢~ SIYBIY   milk 0i' CRW, 01‘ both, Wlth or without common salt, and with or without additional coloring matter, and containing not less than 80 per centum by weight of milk fat, all tolerances having been allowed for. Approved, March 4, 1923. [ (1%u1;;.g . CHAP. 269.-An Act For the relief of 1"yguk A_ ];]m_ Navy. Bf fz enacted by Uw Senate and House of Representatives of the grankmélhiznnélim _Z/`mted States of America in Congress assentbled, That the President
 * .:u&,,,,, md,) is authorized to appoint Frank A. J ahn a lieutenant (junior grade)

· an th:t_United States Navy and to retire him and place him upon thitf list of the Navy with the retired pay and allowances of Approved, March 4, 1923 mmm 4,im. _ l   Act To giant certain lands to the city of Skagway, Alaska, for Be it enacted by the Senate and Haus R entaf th g“,:§‘,§d“““’§h‘“y, United States of America in Congress ;s:;mb§eIl£“That ltllfeg Slicer; ,,,,_M‘““* *°' ‘ P°"“° tu'? of tho Ililipflor be, and he is hereby, authorized and directed to convey to the city of Skagway, Alaska, for use as a public park, that