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and pay a tax into the Treasury of the Commonwealth, annually, at the rate of nine-tenths of one mill upon its capital stock for each one per cent. of dividend made or declared by such company, and in case of no dividend being made or declared by such company, upon either its common or preferred stock, then six mills upon a true valuation of the capital stock of the same, upon which no dividend has been made or declared, made in accordance with the provisions of the third section of this act.

That every company whatever, now or hereafter incorporated under any law of this Commonwealth, or now or hereafter incorporated by any other State, and doing business in this Commonwealth, except those upon which a tax is imposed by the fourth section of this act, and excepting, also, banks and savings institutions, building associations, and foreign insurance companies, licensed in pursuance of the general acts in relation thereto, shall be subject to and pay a tax into the Treasury of the Commonwealth, annually, at the rate of one-half mill upon its capital stock for each one per cent. of dividend made or declared by such company, and in case of no dividend being made or declared by such company upon either its common or preferred stock, then three mills upon a true valuation of the capital stock of the same, upon which no dividend has been made or de made in accordance with the provisions of the third section of this act.

That it shall be the duty of the treasurer or other officer having charge of any company, upon which a tax is imposed, by either of the fourth or fifth sections of this act, to transmit the amount of said tax to the treasury of the Commonwealth, within fifteen days from the thirty-first day of December, in each and ever year; and if any company shall neglect or refuse to pay the tax hereinbefore required to be paid, the directors, managers or treasurer thereof, for the time being, shall be jointly and severally liable in their individual capacity for the payment thereof, and the same may be sued for and recovered under the direction of the State Treasurer, as other debts of like amount due the Commonwealth are recoverable: Provided, That the remedy against the directors, managers or treasurer, in their individual capacity, shall not prevent the Commonwealth from proceeding against the corporation by any process provided by law.

That every company incorporated or organized by or under any law of this Commonwealth, or incorporated or organized by or under any law of any other State, and doing business in this Commonwealth, which possesses the corporate right or privilege to mine or to purchase and sell coal, shall semi-annually, upon the first days of July and January, in each and every year, make report, under oath or affirmation, to the Auditor General, of the number of tons of coal mined during the six months preceding the said first day of July and January, by such company, and also of the number of tons of coal that shall be mined by any unincorporated association, partnership or individual, under any lease, contract, grant or mining privilege, upon the property of which the company making such report is the owner or leesee, or has any mining or coal privileges or interest therein, and also of the number of tons not mined as aforesaid, which shall have been purchased during the same period by

the said company, and shall pay into the treasury of the Commonwealth an additional tax upon its corporate franchises, created by or used within this Commonwealth, at the rate of three cents upon each and every ton of two thousand two hundred and forty pounds of coal so mined or purchased as aforesaid: Provided, That the amount of coal consumed in the transaction of its business by any such company shall not be included in its return: And provided further, That said tax shall not be payable more than once in respect to the same ton of coal: And provided also, That if any such company shall neglect or refuse for a period of thirty days, after such tax becomes due, to make said return, or to pay the same, the annount thereof, with an addition of ten per centum thereto, shall be collected for the use of the Commonwealth as other taxes are recoverable by law from said companies.

That the taxes imposed by the fourth section of this act, and the revenues derived therefrom, shall be assigned to the sinking fund of this Commonwealth; and all other taxes imposed by this act, and the revenues derived therefrom, shall be applicable to the payment of the ordinary and current expenses of the government.

That the Auditor General and State Treasurer, or any agent appointed by them or either of them, are hereby authorized to examine the books and papers of any corporation, institution or company, to verify the accuracy of any return made under the provisions of this or any other act of Assembly.

That in the settlement by the Auditor General and State Treasurer of all accounts for taxes due the Commonwealth, they shall charge interest upon the balance or balances found due the Commonwealth, at the rate of twelve per centum per annum from the time said balances became due and payable to the time of the settlement of the same; and all balances due the Commonwealth on account settled by the Auditor General and State Treasurer, shall bear interest from sixty days after date of settlement, at the rate of twelve per centum per an. num, until the same are paid, and any judgment recovered thereon shall bear interest at the rate of twelve per centum per annum, until paid, and the payment of interest, as aforesaid, shall not relieve any corporation from any of the penalties or commissions prescribed by law for neglect or refusal to furnish reports to the Auditor General, or to pay any claims due to the Commonwealth from such corporation.

That all laws or parts of laws inconsistent herewith, and the first, second, third, fourth, seventh, eighth and ninth sections of an act, entitled “An Act to revise, amend and consolidate the several laws taxing corporations, brokers and bankers," approved the first day of May, Anno Domini one thousand eight hundred and sixty-eight, and the fourth section of an act, entitled “An Act relating to the revenues of the Commonwealth,” approved the twenty-first day of March, Anno Domini one thousand eight hundred and seventy-three, be and the same are hereby repealed, saving, reserving and excepting unto the Commonwealth the right to collect any taxes accrued or accruing, under any of said sections or acts, prior to the repeal of the same: Provided however, The repeal of the aforesaid first, second, third, fourth, seventh, eighth and ninth sec

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tions of the act, entitled “An Act to revise, amend and consolidate the several laws taxing corporations, brokers and bankers,'' approved the first day of May, Anno Domini one thousand eight hundred and sixty-eight, and the repeal of the aforesaid fourth section of an act, entitled “An Act relating to the revenues of the Commonwealth,” approved the twenty-first day of March, Anno Domini one thousand eight hundred and seventy-three, shall not have the effect of re-imposing any tax heretofore repealed by any of said sections: Provided further, That on all payments made of taxes accrued under the aforesaid fourth section of the act approved the twenty-first day of March, Anno Domini one thousand eight hundred and seventy-three, entitled "An Act relating to the revenues of the Commonwealth,” no interest or penalty shall be charged, and an abatement of five per centum shall be allowed when such payment shall be made within thirty days after the date of the approval of this act; and the repeal of the said fourth section mentioned in this proviso shall take effect as of the first day of January, Anno Domini one thousand eight hundred and seventy-four, reserving, however, unto the Commonwealth, the right to coliect any and all taxes accruing under said fourth section, prior to the date of repeal as aforesaid.

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