Page:United States Statutes at Large Volume 50 Part 1.djvu/703

678 Where applicant is a co rpora tion . Requirements . Annual fee ; bon d, etc . Proviso . Amount . Issuance of license on compliance . Revocation on fail- ure, etc . Payment of delin- quent taxes, etc ., be- fore obtaining new license, invoices to pur- ch asers , exce pt of re- tail s ales . Conte nts . Rec ord s of pur- chases, etc ., subject to official inspection . 75TH CONGRESS, lsr S ESS ION -CH . 690--AUGUST 17, 19 37 In case the applicant is a corporation, the application shall also contain the corporate name, place, and time of incorporation, and the names of the officers and directors, and, if a foreign corporation, the name of its resident general agent, and in case the applicant is a part- ner ship the names and addresses of the several persons const ituting the partnership . Such application shall be signed and sworn to by the owner of such business, if ow ned by an indi vidual ; b y th e pa rt- ners, if owned by a partnership ; or by the president and secretary of the corporation, or by its manager or resident general agent, if owned by a corporation. At the time of applying for such license the appli- cant shall pay to the collector of taxes as an annual license fee the sum of $5 and shall file with the Commissioners of the District of Col umbia a bond i n the form to b e prescribed b y said Commiss ioners, in the approximate sum of three tunes the average monthly motor- fuel tax due from said such importer during the next preceding tw elve mo nths, o r estim ated to be so due in the nex t succe eding twelve months, to be executed by a surety company duly licensed to do business under the laws of the District of Columbia, payable to the District of Columbia and conditioned upon the prompt payment of any and all taxes and penalties, levied and imposed in sections 1 and 3 of this Act, to the collector of taxes of the District of Co lumbia, and ge nerally upon f aithful compli ance wi th the terms of this Act by such importer : Provided, That in no case shall such bond be less than $5,000 nor more than $20,000 . "(b) Upon filing such ap plicati on and bond an d the p ayment of the fee, the asses sor shall issue to such appli cant a license which shal l authorize th e applicant to engage in the business of im porter of motor-vehicle fuels for one year unless such license is sooner re voked . "(c ) If any importer fails, refuses, or neglects to file the monthly report within the time required by section 4, or to pay the tax within the time required by section 6, t here shall be added to such tax an amount equal to the sum of 20 per centum of the amount of such tax, and the assessor shall promptly notify the importer and the bonding . company by notice sent by registered mail to such importer requiring him to show cause why the license should not be revoked . If in the opinion of the assessor the importer fails within ten days after the mailing of such notice to show that failure to file the mont hly report or to pay the tax as the case ma y be within th e time requ ired was due t o accident or j ustifiable ove rsight, the as sessor . shall forthwith revoke such license . Any importer whose license ha s been revoked shall not be issued another licens e for t welve mont hs following t he date of said revocation . "(d ) Before any person whose l icense has been revoked may o btain another license to engage in the business of importer of motor-vehicle fuel s, such person shall pay all delinquent tax es and penalti es due he reunder remain ing unp aid by, hi m ." SEC . 4 . Section 5 of said Act s hereby amended to read as follows "SEC . 5 . That invoices shall be rendered by importers and dis- tributors to all purchasers from them of motor-vehicle fuel within the District of Columbia except in case of retail sales . Said invoices shall contain a statement, printed thereon in a conspicuous place, that the liability to the District of Columbia for the tax herein imposed has been assumed b y a licensed im porter named i n said stateme nt and that the importer has paid the tax or will pay it on or before the last day of the calendar month next succeeding the purchase ." SEC . 5 . Section 7 of said Act is hereby amended to read as follows "SEC. 7 . That the records of all purchases, receipts, sales other dis- positions, and uses of motor-vehicle fuel of every importer, distributor,