136 ANNUAL REPORT OF THE Off. Doc. 



districts, ou the first day of January, together with the rates of 

 interest thereon, under the penalty of $5,0U0, to be settled, sued for 

 and collected as debts due by defaulting public oliicers are collected. 

 The said treasurers are to deduct the State tax on the payment of 

 interest or dividends on debts due by the county, city, borough or 

 district, and return the same to the State Treasury within thirtj' 

 days thereafter; and it is made the duty of the Auditor General to 

 settle the accounts of the several treasurers, fix the tax due and 

 unpaid and transmit notice of amount by mail to the officers making 

 returns; and if the amounts due are not paid within sixty days the 

 Attorney General is to sue and collect the same. 

 Act April 30, 1864, section 4, (P. L., page 219). 



4. The scrip, bonds and certificates of indebtedness of any county 

 owned by any public corporation within the county, the income of 

 which is appropriated to the support of the poor and the mainte- 

 nance of public roads of such county, are exempt from taxation for 

 State purposes. 



Act March 24, 1877, (P. L., page 44). 



5. Bonds issued by a county for payment of riot losses, are taxable 

 for State purposes at the rate of one-half mill on the dollar. 



Act June 1, 1881, (P. L., page 37). 



6. All loans issued by any corporation created under the laws of 

 the Commonwealth, or of the United States, or of any other State or 

 government, including car trust securities and loans secured by 

 bonds or any other form of certificate or evidence of indebtedness, 

 whether the interest be included in the principal of the obligation 

 or payable by the terms thereof, are taxable for State purposes at 

 the rate of four mills on the dollar. Act June 8, 1891, section 1, (P. 

 L., page 231).* 



7. The treasurer of each private corporation incorporated under 

 the laws of the Commonwealth or any other State of the United 

 States, doing business in the Commonwealth, upon the payment of 

 any interest on any scrip, bond or certificate of indebtedness issued 

 b}' such corporation to residents of this Commonwealth and held 

 by them, to assess the tax provided for State purposes upon the 

 nominal value of each and every evidence of said debt, and to re- 

 port, on oath, annually, on the first Monday of November, to the 

 Auditor General, the amount of indebtedness of the corporation 

 owned bv the residents of the Commonwealth as nearlv as the same 



*Act June 30, 1885, section 1, P. L., page 193), and act June 1. 1889, section 1, 

 (P. L., page 420), made corporate loans taxable at the rate of three mills on 

 the dollar. The act of June 8, 1891, as aforesaid, increased this rate of tax 

 to four mills on the dollar. 



