Page:United States Statutes at Large Volume 44 Part 2.djvu/263

 aSIX'l`Y-NINTH CONGRESS; Sess; I. Ons. *86-488. {926. 223 viorsuch I1§‘ said land or such partshallrevert txfthe United States; ie gd the Secretary of the Interior is hereby authorized and empowered " tqisdedaresinckmiforfeiture of thbigftilfihd to restoreisaid premises tetbsipublm domain if*at‘?an£“time he sh¥all`·‘determine that thecity has br more thanrone year ndoned thailand for the  herein audi kuch ordervof. the   shall be feiinal and eonelusiire and thereupon and thereby said premises skallbe restored toithepubliodomain and   from the operations of thisgrant. ·· Approved,  23; 19265 ‘ »· ( ‘ ( qKAX.,87.—Joint,Il,e•olution. Authorglsingrthe Federal Reserve Bank of New  York to invmt its funds in thehgurehase ot a site and the building now standing [Piz'5. H, 1%.0.] thereon for its branch oliee at udalo, New York; i . Resolved by-tlwYSemte.i¢v•d· Home of.,Repmen¢atioes¢ of the United   ,0f»Am.erica,·in Oongmss assembled, That the Federal B:,1°&?;L,)%i,}§f'° Reserve ,Bank of New »York· is hereby authorized {to invest in the ,m,P“;=§g•,°°' *;,.*******;*.*1* purchase of landiruproved by a bank building, .already—iully~con- ¤»¤¢¤,¤¤¤i»¤¤£¤. * structed, for its branch oiiiceafb Buffalo New York, s. sum not to exceed $600,000,,out of its paidqin. capital stock and surplus. · A Approved._March 24, 1926;. ' CKA.P.`88.—-—An Act To amend section'5219 of the Revised Statutes of the Mxgsgvigm .United’States. » ( ‘ » ( __ ’ I ’ _ S ( ‘ Pub No. 75.] . Beit epw4:ted,b·y :the»»S’s·nr:t• and Home of Refrewntatéveaof the United State; of America in Oovgveac aosemb, Tlmt section 5219 ’{{f‘§T’f‘“,,*,§T“§j,,, ,,_ of the Revised Statutes of the nited States be, and.the~same is *°°°·¤*¤•¤°°°· hereby, amended so as to read as follows: p g _~ · _, S. “ Sno. 5219. The legislature of each State may determine and s,'§`$,§?°1°“°"’“'“b’ direct, subject to the provisions of this section, the manner and place of taxing all the shares of national banking associations . u ooated within its limits. The several Statesmay (,1)  said;,,,"£{'”“ "°""““'°` shares, or (2) include dividends derived therefrom inrthe taxable income of an owner or holder thereof, or (3) tax such associations on their net income, or (Q according to or measured by theirmet inoome provided the fo owing con itionsare oomplied·`with; ‘ i p , t ,“ 1. (a) The imposition by’snysState of any oneof the above four ,,,j},‘},°§,*§‘§,;°"“ °° °" (forms of taxation shall bein lieu of the others, except as hereinafter · provided in subdivision (ov) pif this clause. ( ,~,  ( " (b) In the case of aitax on said siiares the taxiimposedshall not R°“ °“”°”‘“°“°‘ {be at azlsgaater ratetthan tisessessed upo¤»othe;·=mo11eyed ‘oapital  the hn Vof individualoitisens of such, Stete*eoming·i*iitol eoinpe- titionwsvith the business off national banks: P¢·oo¢iled§*Tliat bonds, §’.‘f§‘§§;,d 0,,,;,,,;;,,,,. notes, or other evidences of indebtedness in the hands or individual '*°d- citizensnot employed or engaged in the basking joninvestmenti busi- ness rand. i·epresenting.mere1y‘5)ersonal` investments _· not made in competition with such business, allqnot be deemed moneyedeapital within the meaning of this section. _ ‘ ‘   ‘ ~ . *‘ ( 2 _ i%‘(c): In case of atai on ‘or aooording to or measured by the net ,,°f,§‘;{’°°°‘ °“ “°‘ ‘°‘ inmmeeof an ass0ciation,·the taxing State may, exoeptin case of a tax on net inoomeyinclude, theentmre neeisceme received frdm all soureesybut therate shall not be hi€ner*than· the rate  upon L*“‘"’““°”‘ other financial corporations nor big ervthan·th‘e highest bf the rates assessed by the taxing Statenpon mercantile, manufacturing, and business corporations doing business within its lin1its:"Pé·o»vided, hm-