1296
PUBLIC LAW 8 5 - 8 6 9 - S E P T. 2, 1958
[72 S T A T.
" (c) OTHER ExEMiTioxs.—
"For other exemptions, see sections 4341, 4342, 4343, 4344, and 4382. -SEC. 4323. AFFIXING OF STAMPS. " (a) B O O K S OF THE CORPORATION. — The s t a m p s r e p r e s e n t i n g the tax
imposed by section 4321 shall b e affixed to the books of the corporation i n case of a sale w h e r e the evidence of transfer is shown only by the books of the corporation. "(b)
C E R T I F I C A T I O N AS TO V A L U E BY TRANSFEROR OR TRANSFER E E. —
W h e r e shares or certificates of stock, o r of r i g h t s to subscribe for o r to receive such shares o r certificates, a r e presented for transfer and the tax thereon is p a i d by the use of adhesive s t a m p s, such s h a r e s o r certificates shall be accompanied by a certification signed by the transferor o r his a g e n to r the transfer e e o r his agent as to the actual value of the shares or certificates so transfer r e d and any corporation o r transfer a g e n t to w h o m such shares o r certificates a r e presented shall be e n title d to rely on such certification w i t h o u t f u r the r i n q u i r y. "(c)
OTHER E VI D E N C E S OF S A L E OR TRANSFER. —
"For provisions applicable to the affixing of stamps in cases of sale or transfer shown otherwise than only by the books of the corporation, see section 4352. "SEC. 4324. CROSS REFERENCES. "For definitions, penalties, and other general and administrative provisions applicable to this part, see sections 4345, 4351, 4353, 4381, and 4384, and subtitle F.
"PART II—SALES OR TRANSFERS OF CERTIFICATES OF INDEBTEDNESS "Sec. 4331. Imposition of tax. "Sec. 4332. Exemptions. "Sec. 4333. Cross references. "SEC. 4331. IMPOSITION OF TAX. " The r e is hereby imposed, on each sale o r transfer of any certificates of indebtedness issued by a corporation, a tax a t the r a t e of 5 cents on each $100 o r fraction thereof of the face value. "SEC. 4332. EXEMPTIONS. " (a) B R O K E R S. — The tax imposed by section 4331 shall not a p p l y to any delivery o r transfer to a b r o k e r for sale, n o r upon any delivery o r transfer by a b r o k e r to a customer for w h o m and upon whose o r d e r he has purchase d the certificates of indebtedness. "(b)
INSTALLMENT P U R C H A S E OF O B L I G A T I O N S. — The tax
imposed
by section 4331 shall not a p p l y to any i n s t r u m e n t under the term s of which the obligee is r e q u i r e d to m a k e payment the r e for i n installments and is not permitted to m a k e i n &nj year a payment of more than 20 p e r c e n t of the cash a m o u n t to which entitled upon m a t u r i t y of the i n s t r u m e n t. "(c)
OTHER EXEMPTIONS.—
"For other exemptions, see sections 4341, 4342, 4343, 4344, and 4382. "SEC. 4333. CROSS REFERENCES. "For definitions, penalties, and other general and administrative provisions applicable to this part, see sections 4345, 4381, and 4384; sections 4351 to 4353 inclusive; and subtitle F.
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