Page:Federal Reporter, 1st Series, Volume 2.djvu/891

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884: PBDEBAIi EEPOBTEB. �addition to the other property required by this act io be listed, make out and deliver to the assessor a sworn statement of the amount of its capital stock, setting forth particularly — �"First. The name and location of the company or associa- tion. �"Second. The amount of capital stock authorized, and the number of shares into which such capital stock is divided. �" Third. The amount of capital stock paid up. �"Fourth. The market value, or, if no market value then the actual value, of the shares of stock. �"Fifth. The total amount of ail indebtedness, except the indebtedness for current expanses, excluding from such ex- penses the amount paid for the parchase or improvement of property. �"Sixth. The assessed valuation of ail its tangible property. �"Such schedule shall be made in conformity to such instruc- tions and forma as may be prescribed by the auditor of pub- lic accounts. In ail cases of failure or refusai of any per- Bon, ofiScer, company, or association, to make such return or statement, it shall be the duty of the assessor to make such return or statement from the best information which he can obtain." �It is charged in this bill that the defendant corporation is organized for "purely manufacturing purposes," within the intent and meaning of the fourth clause of seclion 3 as the same now stands, amended by the act of May 13, 1879, be- cause it is alleged that its sole business is manufacturing and selling of gas and coke, and the other products of the bus- ness of making gas, and that as such manufacturing corpo- ration its capital stock is not taxable. It is further alleged that the assessor for the townof South Chicago, within which the principal office of the company is situated, assessed the property of said company for the year 1879 at a valuation of $75,000, which waa increased by the board of equalization of the state to $90,000, which valuation, complainant charges, represented the entire property of the company lia- ble to taxation, and that the state, county and city taxes, for the year 1879, on the said sum, amount to $4,300.20, which ����