Page:United States Statutes at Large Volume 44 Part 2.djvu/142

 102 SIXTY-NINTH CONGRESS. Sess, I. Cx:. 27. 1926. “*""““'· or shown by the books of the corporation, or by any assignment in blank, or by any delivery, or by any paper or a rreement or memo- randum or other evidence of transfer or sale, wiiether eutitling the holder in any manner to the benefit of such stock, interest, or rights, or not, on each $100 of face value or fraction thereof, 2 cents. and where such shares are without par or face value, the tex shall , be 2 cents on the transfer or sale or agreement to sell on each share: Depositeeswuatexul Provided, That it is not intended by this title to impose s. tax upon °‘°‘“"‘· an agreement evidencing a. deposit of certificates as collateral secur- ity or money loaned thereon, which certificates are not actuullv sold, nor upon the delivery or transfer for such purpose of certifi- _ cates so deposited, nor upon mere loans of stock nor upon the return 8,§fg§§$;,,_d°“V°"“· of stock so loaned: Provided further, That the tex shall not be imposed upon deliveries or transfers to a. broker for sale, nor upon dehveries or transfers by a broker to e customer for whom and ugon whose order he has purchased same, but such deliveries or trans ers shall be eccomgginied by z certificate settirtg forth the facts: Pro- bgavgg °gj;•{·;_a¤:,°§¤ vided furtlwr, at in case of sale where e evidence of transfer ' is shown only bg the books of the corporation the stamp shall be 0** °¤'“°°°‘°°· placed upon suc books; and where the change of ownershig is by transfer of the certificate the stamp shall be placed upon t e cer- 0** *)*1** °'“‘°· tiiicate; and in cases of an agreement to sell or where the transfer is by delivery of the certificate assigned in blank there shall be made and delivered bil the seller to the buyer a. bill or memorandum of D"°““““"*“"°“· such Sale, to w `ch the stamp shall be atiixed; and every bill or memorandum of sale or agreement to eell before mentioned shall _ show the date thereof, the name of the seller, the amount of the sale, w§{_‘§§‘;’,‘;‘j§f,§fQ,§§’°“ and the matter or thing to which it refers. Any person liable to pay the tux as herein provided, or anyone who acts in the matter as agent or broker for such person, who makes any such sale, or who in pursuance of any such sale delivers any certificate or evidence of the sale of any stock, interest or right, or bill or memorandum thereof, as harem required, without having the proper stamps affixed thereto with intent to evade the foregoing provisions, shall be deemed, guilt? of a. misdemeanor, and upon conviction thereof shall pay n. Hnleso ng;) elxceeding $1,000, or be imprisoned not more than six mont, or t . E‘°’*°“¤° "°‘°°_°“’·· 4. Produce, sales of on exchange: U on each sale, eement of giliirivgigw M {mm sale, or Bzgement to,sell (not including so-celled trzgirsferred or scratch ), any glroducts or merchen ise at, or under the rules or usages of any exc auge, or board of trade, or other similar place, for future delivery, for each $100 in value of the merchandise co"- ered by said sale or agreement of sale or agreement to sell, 1 cent, and for each additional $100~o1· fractional part thereof in excess é’{_y>¤¢·<>·•· bm of me of $100, 1 cent: Provided, That on everi sale or agreement of stale mquuuigid or agreement to sell as aforesaid there s all be ma e and delivered by e seller to the buyer a. bill, memorandum, agreement, or other evidence of such sale, agreement of sale, or agreement to sell, to which there shall be affixed e lawful stamp or stamps in value eciual C1wi¤¢¤<>¤¤•¢r¤¤•· to the- amount of the tax on such sale: Provided furthe}, That sel ers "“’°°°'“°”°"”°°°` of commodities described herein, having paid the tax provided by this subdivision, may transfer such contract: to a elesri.n§—house cor ration or association, and such transfer shall not be eemed to ga sale, or agreement of sale or an agreement to sell within thc °°¤d*“°¤· provisions of this Act, provided that such transfer shall not vest any beneficial interest in such clearing-house association but shell be made for the sole urpoee of enabling such dearing-house ussocm- tion to adjust and Eslence the accounts of the members of such _,i°¤°°¤*—* °' bms °' clearing-house amociation on their several contracts. Every such bill, memorandum, or other evidence of sale or agreement to sell O