Page:United States Statutes at Large Volume 38 Part 1.djvu/776

SIXTY·THIRD CONGRESS. Sess. II. Ch. 331. 1914. 757 the proper stamp thereto, or, if the 0 inal be lost, to a copy thereof. *"'°" “¤**‘S ¤°* °* l3ut no right acquired in good faitrligbefore the stamping of such mw" instrument, or cosply thereo , as herein provided if such record be reqauiired law, all in any manner be affected by such stamping as oresai . Sec. 12. That hereafter no instrument, paper, or document re- »¤Iiii>i1i°$if°ii nig? quired by law to be stamped, which has been signed or issued with- “°°"’¥’°°· out being] duly stamped or with a deicient stamp, nor any co y thereof, s all be recorded, until a legal stamp or stamps, denot1n$a£e amount of tax, shall have been ailiared thereto, as prescribed by w: Provided, That any bond, debenture, certificate of stock, or certifi- mss, as, cate of indebtedness issued in any_ foreign country shall pay the same ""’j°°°’°““'“P ‘“· tax as IS required by law on similar instruments when issued, sold, or transferred in the United States; and the arty to whom the same is 1ssued,_ or by whom it is sold or transferred; shall, before selling or transferring e $8.1116, affix thereon the stamp or stamps indicating the tax required. Sec. 13. That it shall not be lawful to record or register any instru- ,,,,’$,,€,{,’*',§’,,,,,‘{{,,,‘},',§ ment, paper, or document required by law to be stamped unless a °¤*"'°*· stamp; or_stamps of the proper amount shall have been amazed and cance ed in the manner prescribed by law. Sec. 14. That no instrument, paper, or document required by law ,,,I,§`,2,°§.‘j‘°“‘“ “"“*’ to be stamped shall be deemed or held invalid and of no effect for the want of a tplarticular kind or description of stamp designated for and denoting e tax charged on any such instrument, paper, or document, provided am documentary stamp or stamps denoting a tax of equal amount have been duly affixed and used thereon. Exam om, Umm Sec. 15. That all bonds, debentures or certificates of mdebtedness sms, lilies, amy, issued by the officers of the United States Government, or by the °‘°··"°°““· officers of any State, county, town, munici al corporation, or other corporation exercising the taxing power, shall be, and hereby are, I . exem t from the stamp taxes required by this Act: Projmded, That rimiaalm. it is tlhe intent hereby to exempt from the stamp taxes imposed by this Act such State, county, town, or other municipal corporations in the exercise only of functions strictly belopging to them in their Ou_ermm um ordinary overnmental, tax1ng,_ or mumcip capacity; P ° {urther, list stock and bonds issued by cooperative building] and oan associations, mutual ditch orgirrigating companies, and bur ding and loan associations or companies that make oans onl to their shareholders shall be exempt rom the tax herein providedi umm, mm Pm Sec. 16. That all the provisions of this Act relating! to dies, stamps, visgccgal ¤§p1¤¤•i>1¤ ¢¤ adhesive stamps, and stamp)taxes shall extend to an include (except S°1·¤»¢, 5. vim. where manifestly inapplica le) all the articles or objects enumerated in Schedule B, subject to stamp taxes. and apply to the provisions in relation thereto. _ P,,,,,,,,,,,,,,, ,0, ,,,1. Sec. 17. That on and after December first, nineteen hundred and gghgg-.l:¤g¤¤¤gg fourteen, an person, firm, company, or corporation that shall make, stamped`? ’ prepare, and sell, or remove or consumption or sale, perfumery, cosmetim, preparations, compositions, articles, or things qpon which a tax is imposed by this Act, as provided for rn Schedule , without afiixing thereto an adhesive stamp or label denoting the tax before mentioned shall be deemed guilty of a misdemeanor, and upon conviction thereof shall pay a fine of not more than $500, or be imprisoned not more than six months, or both, at the discretion of the court. ,,m,,S,,m_,,,, ,0, ,,_ Sec. 18. That any manufacturer or maker of any of the articles for pow sump. ew-.w sale mentioned in Schedule B, after the same shall ave been so made, v° “` and the particulars hereinbefore required as to stamps have been complied with, or any other person who shall take off, remove, or detach, or cause, or permit, or suffer to be taken off, or removed or detached, any stamp, or who shall use any stamp, or any wra per or cover_to which any stamp is amxed, to cover any other artnclg or commodity