CHAP. 104.—An ACT to legalize and confirm certain taxes im-
posed by the city of Richmond for the year 1889, upon all the
ner of stock issued by state and national banks located in
said city.

Approved January 27, 1890.

1. Beit enacted by the general assembly of Virginia, That
the assessments for taxes imposed by the city of Richmond
for the year eighteen hundred and eighty-nine, upon all
shares of stock issued by state and national banks located
in said city, and required by said city to be paid by the
cashier of each hank, respectively, are hereby legalized and
confirmed, subject to the right of the shareholders or their
personal representatives of stock issued by the national
or state banks, which were located in said city during the
year eighteen hundred and eighty-nine, to claim a deduc-
tion from or cancellation of such assessments as provided
for in the next section.

2. Within five days from the passage of this act the
collector of city taxes of said city shall notify the cashier
of each of said banks that at the office of such collector
the satd collector will be in attendance at his office for
three weeks subsequent to the service of said notice, and
will hear any application that may be made te him for
the purpose of deducting from the assessment aforesaid
any amount which any shareholder of any one or more of
said banks, or any personal representative of such share-
holder, by reason of the indebtedness of said shareholder,
would have been entitled to deduct from the aggregate
value of his shares of stock had such amount been in-
vested in other moneyed capital.

3. During the time above named the cashiers of any of
said banks, or any holder of any shares of stock issued
by any of such banks assessed as above stated, or any one
representing any such shareholder may appear before such
collector and make application to have a deduction made
as above stated. The collector shall have power to admin-
ister an oath to the applicant, and after an examination
of him upon the material facts of such application shall
grant such deduction: provided the shareholder has made
no deduction on account of his indebtedness from his
other personal property; or, if said collector shall be sat-
isfied from the evidence before him, or otherwise, that any
such shareholder paid a municipal or county tax for the
year eighteen hundred and eighty-nine, upon his shares
of stock in any other county, city, or town of this state he
shal] deduct from said assessment an amount equal to the
tax charged in said assessment upon the shares of stock
so held by such person.

4. After the expiration of the time allowed for hearing
the applications above mentioned, the said collector shall
amend the tax bill now held against each cashier, as above
mentioned, by deducting therefrom the aggregate of such
deductions as may be allowed to the stockholders of the
bank of which he is cashier. After each of said tax bills
has been so amended, so far as required by reason of any
such deductions, the collector shall present the same for
payment to the cashier against whom it is assessed, and
if the same be not paid within ten days from said pre-
sentation, the same shall then become a delinquent tax
due said city and liable to the imposition of such penal-
ties and to be enforced as other delinquent taxes due said
city.

5. This act shall be in force from its passage.