Page:United States Statutes at Large Volume 44 Part 2.djvu/264

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224 SIXTY·NINTH CONGRESS. Snss. I. Gus. 88, 89. 1926.

“°•*”¤P°°°d°°*¤· however That»,a-Statemvhich imposes a tan on or according to or

°.i§i`°n£{¤°i.iKi€riix¤°3 by ,thg;,nct;inq¢an1e»of,,or a ~,£ranchise_—or excise tax ou,

' financial; ‘mere•utA1e,2 mantfectairmgr and businem corporations

 itssdwilrhws, orslaws of others-Ststesand also im-
 astaxiruponi theinoome of individuals, ¤m¤y,§nclude   such

indmidual Lancome, dividends fnein rnationnl banking associations zlocatcd wlihivi the·Sh¢¤ on condition that it also iiicludesdrvndends frQm;;dgm¤stic·cour]-pontiom.sand may likewise include dividends from national b 'ng associations looated.,wit—hont‘ the State on condition that it also includes dividends from foreign corporations, but at no higher rate than issimposed on dividends from such other 4 - corporations. l C Y A M E _ ;_ _ _ ....."7‘¥..:‘l:.%€’.¥’°.i3.2.’ , ··++(c; ·1¤_ asq;¢1sca+2a¤»ies=;;envee as sua scream ans, mm " 2 the tax shallnot be at ·s;gr¢n¤¤ rate than is upon the net income from other moneyed capital. _ d§,*{,:'°“,,,,§{,,,“% C~*‘ 2i shares of, any national `banking association owned by non-

 ruiilentmof nj; State,·~ehall’be—taxed by the taxing district or by

‘ the State ·wh the iassoeiationrié located- and *ndt elsewhere; and such ·associ‘ationisha11=1ria*ke{returniof snch·slrares’and paytthe tax Rm, property mthereon asagenitzef such’4nonresident_¥shai*eholders.* `· V ‘ mmm- " 3. Nothing herein shalhbe .eonstrued¤to`exempt‘the realiproperty of associations from taxation ir any.State or in any subdivision thereof, to the (game extent, according to its value, as other real ro rt istax . · ¤;1s°:•°i§°1er`Zi°iil°Z3l)°i d P Jl? 'lllie provisions ofsection 5219 of the Revised Statutesotthe ` United States as heretofore in force shall not prevent the legalizmg, ratifying, or confirming bg the States of __,any tax heretofore paid, levied,.»or·`assessed;npo:n t e»shares‘· ofnationsl `banks, or the col- lectingilhereofj to‘ the extent that such taxwoixld be valid under said sectidn.?’- » < r_ · ‘ Approved, March 25, 1926. y Llgfgyddeml l Act Granting to the Yosemite Valley Railroad Company e, one. the right of pway through certain public lands for the relocation of part of its ¤¤ri»ti¤sr¤ilr¤¤<i· W s · ~»·~¤»··¤= * v’i§4$‘§2§‘?”°d;”i W ·S""“”F3 ‘”‘d Hm 3{2£§”¥’£”¥‘?éi”“bZf ”‘§ ressmxwvnxey M - 68.0 n m6?‘¤¢¢ W 0;;9*‘¢8·¤ 1184 » · 8 $1** » lm B¤i¤tg•d¤dg,<;t¤0¤;¤_gI;,¤g there herehyjs, granted to the osemite Va1ley.Railroad_ Company, Kem county. a corpoxgatxon organized under the laws of the State of California, the °·’"- ri ht 0 way tum L mesa, abut ness of the United sdm an s H8 . P . . . the county fof. Mariposa, and State of Califorma, heremafter de- S¢¤bQd by nfefétenceta In map,. for the relocation of a portion of the existing of _co . ration, the relocated railroad now under construction by irrigation district_.in_‘pursuance of an ngmmt between send and said district dated J ely 10, 1 , whereby to enable district tmuse a portion of said rmi- roadcompany’s~.ex1sting.r1ght_of way man o a certain reservoir to. be created by the 00ll8l»1'\1<$10D,,I10W· er way, across the Merced Biver, of a dam lmown as the Exchequer 'Darn, under ra license

 said district   ,16, 1924 bgéthe Federal Power -Com·

missmn for a-p ect for irrigation and t .devel<?>ment of electrical hm M ppwer as,"P¤cje<;t Numbered 88, Cali omia,” which Sm gm }`*8hEd9f.¤l¤·Y; g1‘8¤§¤d bi)? this li end shall beone hundred feet 1I1;W1_#1 on eaclgsrde o the, central Imc of the relocated railroad of said tgrporatxon through any- public of United States sxtua _ many qf the, A llow1ng,subd1v1sions: Sections 3, 2, and 1, township 5 south, range 15 east; sections 35, 26, 23, 14, 11, 12, and 1, township 4 south, range 15 east; sections 36, 35, 26, 23, and 24,-town-A