144 ANNUAL REPORT OF THE Off. Doc. 



mills OQ each dollai' of the value thereof, and no failure to assess 

 or return the same shall discharge such owner or holder from 

 liability for tax thereon, to wit: All mortgages, all moneys owing 

 by solvent debtors, whether by promissory note, or penal or single 

 bill, bond or judgment; all articles of agreement and accounts bear- 

 ing interest; all public loans whatsoever, except those issued by 

 this Commonwealth or the United Slates;* all loans issued by or 

 shares of stock in any bank, corporation, association, company, or 

 limited partnership, created or formed under the laws of the Com- 

 monwealth or of the United States, or of any other state or govern- 

 ment, 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, except shares of stock in any corporation or 

 limited partnership liable to tax on capital stock or relieved from 

 payment of tax on capital stock; all moneys loaned or invested 

 in other states, territories, the District of Columbia or foreign coun- 

 tries; all other moneyed capital in the hands of individuals citizens 

 of the Commonwealth. This section not to apply to building and 

 loan associations, nor to bank notes, or notes discounted or nego- 

 tiated by any bank, banking company, savings' institution or trust 



company. 



Act June 8, 1891, section 1, (P. L., page 231). 



2. Board of revision of taxes in Philadelphia and county commis- 

 sioners in other counties, to furnish assessors annually with blanks 

 supplied by Auditor General ; and assessors to furnish taxables with 

 said blanks, and on them returns of property subject to taxation 

 are to be made. Returns to be sworn to by taxable persons, and in 

 case of copartnerships, unincorporated associations, and joint stock 

 associations and companies by some member thereof, and in case 

 of limited partnerships and corporations by the president, chair- 

 man or treasurer. Where business is done by a corporation, joint 

 stock association or limited partnership in more than one county, 

 return is required to be made only in the county where the principal 

 office is located. Obligations of public or private corporations, the 

 tax upon which is required by law to be collected from the holders 

 )f such obligations and paid into the State Treasury by the corpora- 

 tions themselves, are not to be included in returns. f Prior laws 



♦County and municipal loans, and loans of private corporations are taxable 

 at their nominal or par value. All other loans, school bonds included, are 

 taxable at their actual value. 



tObligations of public and private corporations referred to are county and mu- 

 nicipal loans and loans of private corporations. School bonds are not returned 

 by the district that issued them; they must be Included in the return made by 

 a taxable. 



