Page:United States Statutes at Large Volume 42 Part 1.djvu/331

SIXTY-SEVENTH CONGRESS. Sess. I. Ch. 136. 1921. 303 the aiiixing of said stamps in substitution for or in addition to the ST-*“" TAXES- method provided in this title, as he may deem expedient. (b) Al mtemal revenue laws relating to the assessment and col- 8p%§g“c§‘{,§L 1***,*;; lection of taxes are hereby extended to and made a part of this title, takeaetc. so far as applicable, for the urpose of collecting stamp taxes omitted through mistake or fraud lirom any instrument, document, paper, writing, parcel, package, or article named herein. Sec. 1106. That the Commissioner shall furnish to the Postmaster Y“’“P“# by General without prepayment a suitable quantity of adhesive stamps to be distributed to and kept on sale by the various postmastcrs m __ the United States. The Postmaster General ma require each such A°°°"“‘“b‘”"· postmaster to give additional or increased bond? as. postmaster for the value of the stamps so furnished, and each such ostmaster shall deposit the receipts from the sale of such stamps to the credit of and render accounts to the Postmaster General at such times and in such form as he may by regulations prescribe. The Postmaster General t§,‘§f“"°” °* °°“°‘* shall at least once monthly transfer all coHections from this source to the Tre as internal-revenue collections. Sec. 1107. ia) That each collector shall furnish, without prepag- t,§,§‘£,,,§y .,$SS$?,Q‘§‘,,Y ment, to any assistant treasurer or designated depositary of the mms- United States, located in the district of such collector, a suitable quantity of adhesive stamps to be kept on sale by such assistant treasurer or designated de ositary. _ (b) Each collector shall furnish, without prepayment, to any S£‘Zl,°Zgl.§§Q person who is (1) located in the district of such co ector, (2) duly **`¤¤S*¤'$· appointed and acting as agent of any State for the sale of stock transfer stamps of such State, and (3) designated lpghthe Commissioner for the , a suitable quantity o such esive stamps as are reqk by subdivisions 2, 3, and 4 of Schedule A of this title, to be ept on sale by such person. (c) In such cases the collector may require a bond, with sufficient b,,S,.g"§,,dl{°““ my sureties, in a sum to be fixed by the Commissioner, conditioned for the faithful return, whenever so required, of all quantities or amounts · undisposed of, and for the payment monthly of all quantities or _ amounts sold or not remaining on hand. The Secretary may from R°g“1°°°°`°‘ time to time make such regulations as he may find necessary to insure the safe—keeping or prevent the illegal use of all such adhesive stamps. Scimnum A.—STAMP Taxns. °°‘*°°“’° A- 1. Bonds of indebtedness: On all bonds, debentures, or certificates m§,°'},",g °‘ *“d°*’°°‘*· of indebtedness issued by any person, and all instruments, however ` termed, issued by any corporation with interest coupons or in registered form, known generally as corporate securities, on each $100 of face value or fraction thereof, 5 cents: Promkled, That every renewal of the foregoing shall be taxed as a new issue: Provided further, §§,?$’,§'i,_ That when a bond conditioned for the repayment or pgyment of Bm °““· money is given in a penal sum greater than the debt secur , the tax shall e based upon the amount secured. 2. Capital stock, issued: On each original issue, whether on organ- g§,}g°g;,$F_;S°`§éS ization or reorganization, of certificates of stock, or of profits, or of interest in property or accumulations, by any corporation, on each $100 of face value or fraction thereof, 5 cents: Provided, That Where ggoéggtiace wm a certificate is issued without face value, the tax shall be 5 cents per ` share, unless the actual value is in excess of $100 per share, in which case the tax shall be 5 cents on each $100 of actual value or fraction thereof, or unless the actual value is less than $100 per share, in which case the tax shall be 1 cent on each $20 of actual value, or fraction thereof.