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DeCember~31st, 19~1
<br />
<br />"6?th CONGRESS,
<br />Session,
<br />
<br />H. R. 95?9
<br />
<br />IN THE HOUSE OF REPRESENTATIVES.
<br />
<br />December 15, 19Z1~.
<br />
<br /> N~, M6Fadden introduced the following bill; which was referred to
<br />mhd Currency and ordered to be printed.
<br />
<br />the Committee on Banking
<br />
<br />A BILL
<br />
<br /> To amend section 5219 of the Revised Stm~utes of the United StateS.
<br /> Be it enacted bM the Senate ~nd House of Representatiyes of the United $~ates of America
<br />in Congress assemb~, ~t ~ection 5~1~ of ~he Revised Statute~ of the U~ited States be, and
<br />the?same is hereby ~mended so as ~o read as follows:
<br />
<br /> Sec. 5219. That the legislature of each State may provide for the t~mtion'of the
<br />=cml property therein of ~y n~tional ~lng msso~imtion l~o~ted th~ein in the s~e m~ner
<br />~d mt the s~e ~mte'ms othe~ ro~ property in ~he $~me ~mxi~ ~strio~ is t~ed for public
<br />purposes; mhd mmy also provide for the tmxmtion of either the~inoome of such mssooimt~on,
<br />or the shares of such mssocim~ion~ ~bjeo~ to the restrictions thmt whichever of the mbove
<br />classes sh~ll be chosen the rmte or rm~es of tmx imposed sh~l b~ not gremter th~ the lowest
<br />uniform rmte or grmdumted rmtes imposed in ~e~pect of such class on banks, b~king mssocimtions,
<br />or ~us~ companies ~i~ m b~king business, incorpormted by or under the lmws Of such
<br />other than smvings b~ks or simil~ nonstook corpo~atlons o~g~ized for the mutuml benefit
<br />depositors; ~d if the shmres of such mssooiattons are tmxed, the s~res owned by non-residents
<br />of such Stmte shall be ~ed in the ~ximg ~st=ict where such mssociation is lOcmted ~d not
<br />elsewhere; andmmy ~so, if the Stmte provides for the tmxmtion of in~viduml incomes, incl~e
<br />ms m p~ of t~mble income th~~ income from the shmres of nattonml b~ki~ mssoclations: P~o-
<br />~, Thmt the income from the shoe of b~ks, b~king mssocimtions, ~d trmst oompmnies
<br />~ b~king business, inoo~porm~ed by or unde~ the l~ws of such State, is also so included.
<br />
<br /> Any tmx upon shmre of nmtional bmnks heretofore pmid, levied, or mssessed, which
<br /> in mccord with the provisions he=eof, is hereby leg~ized, =at'fi:ed, and confirmed ms of the
<br /> ~te when imposed. Nothi~ he~ein shmll be construed to ~pt the real p~ope~t2 of
<br /> tions from ei~herStmte, county, or municlpml ~mxes, to the s~e exten~, moco~ to its v~ue,
<br /> ms othe~ ~e~ property is tmxed."
<br />
<br /> ~. Smith stm~ed thm~ t~=ee items in the ~et f~r the Eighth ~nd Ninth Wmrds- Jail,
<br /> Inte=ss~, mnd West Norfolk ~x~e- he believes m=e no~ leg~ charges~ ~ainst said Nmxds. The
<br /> privilege of the floc= being ~an'tedC~s. F. H~pe=~from the Ei~h~h~m=d~ ~ H~per pers0~mt-
<br /> 1y served notloe thmt ms m ~ pmye~ of tSe s~id Wa~ he was msking~ foN · so:fore,ce betweeR
<br /> the Ci~Uo~oil-mhd ~esidents of his W~d to settle ~y ~ffe=~oe ~hs2e~mm~tDe in expendi-
<br /> tures of money out of the Said Ward fun~.
<br /> Mr. Brooks moved that we ask for the mppointment of a Commitmee of fo~ from the Ei~th
<br /> Wm=d and th~e~ from the}Ninth Wm=d ta meet with a Committee from'the Go~oil to invssZfgate
<br /> ~d report on this m~tte~.
<br /> Mr. ~ith moved to ~end, t~ the Co, oil ~meet with ~he~C~mittee. f~om each
<br />
<br /> M~. ~11 move~ as an ~n~en~ to the ~en~ent,"~t it is the sense of the City
<br /> Co, oil that they will m~t With a Co~ittee fr~ ~ny Wa~ of the~City who may ~re a hearing
<br /> on any subject ~elative tc affairs of their Wa~.
<br />
<br />The ma~e~lm~t to .the amendment was adopted, and by the following vote:
<br />
<br /> i Ayes-- Brooks, Esleeck~ H~ll, Hutchin~s, O~st, Smith, White,
<br />
<br />And on motions, the following matters were referred to the Finance Committee:
<br />
<br /> Request of the City Collector that H, Lasting, 12 Green St., be refunded $10.50, paid
<br />in error on ~ersonal property assesse~ in error by the Commissioner of Revenue.
<br /> Request c~ tbs.,City C~!lector that A. Borsch. be refunded $3.60, paid in error on Martha
<br />C. Pool's City taxes for the Year 1~20, 8th Ward.
<br /> List submitted by th~ City Collector of refunds due property owners who have paid their
<br />tax~s but were afterwards relie~e~ of amounts named by the Board of Review.
<br /> Bill of H. L. Hudgins, City T~easurer, to amount of $31.38, as 1~ commission on $31)?.
<br />1920 Poll Tax money re--ned to the City.
<br /> Bill of International Agricultural Corporation, Norfolk, to be paid $6.30, for auto
<br />charged to Jno. W. Pools, Mgr.-, in error (auto listed and paid in Norfolk, Va.).
<br /> Petition of Peter T. Codd, 1900 Lansing Ave., that ~is taxe~ fort~he Ye~ 19~O be can-
<br />celled and that his taxes~for ~21 be collected, the construction of his home not having been
<br />completed until April ), 19SO.~
<br /> Petition of G. Russo for a reduction in the assessment of his personal property, he
<br />being of the opinion that mn msaesament of $900. for his two trucks and $~00. for his Paise
<br />aut~obile'!S ~ fair assessment, instead of'an assessment of $6000. on same.
<br /> Oommunicm~ion f~bmthe Board Of l~rbor Commissioners, askin~ Council to authorize the
<br />~aFmen~. of the amount towards defraying the expenses of.the Bomrd xor l~Zl, as provided in
<br />tb~Acts of the General A~sembly of the Stmte of Virginia.
<br /> · '~P~tition of J. T. Morrisette to be allowed a pension, under t~e State law, for the ~wo
<br />orphan-/Child~en of his chmughter.
<br /> *etitiom of Mrs. '~die Walters that $30. per month be paid her by the City for support
<br />of her five minor children., as provided by Chap. ~O of the Acts of Assembly 1915, P~ge
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