histmss-074999-0003

ABSTRACT OF STAMP DUTIES
Effective July 1, 1898.

GENERAL PROVISIONS.

1. On and after July 1, 1898, the person or parties
"who shall make, sign or issue" (or for whose "use or
benefit the same shall be made, signed or issued") any
of the instruments enumerated shall affix adhesive
stamps of the values indicated.
2. Penalty for failure to comply, a fine not more
than $100, at the discretion of the court. The instru-
ment without stamp shall not be competent evidence
in any court.
3. Penalty for counterfeiting, re-using or removing
stamps, washing stamp for re-use or having the same
in possession, find not exceeding $1,000, imprisonment
at hard labor not exceeding five years, or both at the
discretion of the court.
4. Parties using or affixing adhesive stamps must
cancel same by writing or stamping thereon his or her
initials and the date of such use. Penalty for failure
to cancel, fine not less than $50, nor more than $100.
5. Penalty. If any person or persons shall make,
sign or issue, or shall cause to be made, signed or
issued, or shall accept or pay, or cause to be accepted
or paid, with design to evade the payment of any
stamp tax, any bill or exchange draft or order, or
promissory note, for the payment of money, liable to
any of the taxes imposed by this act, without the same
being duly stamped or having affixed, an adhesive
stamp denoting the tax hereby fixed he or they shall be
subject to, fine not exceeding $200 at discretion of the
court. (Sec. 10.)
6. The acceptors of foreign exchange payable in
the United States must, before accepting or paying,
affix stamps same as required on domestic bills, etc.,
under similar penalities. (Sec. 11.)
7. Any person who may register, issue, sell or
transfer any instrument which is not stamped as re-
quired by law, will be subject to fine or imprisonment
(Sec. 13). This Section, however, provides method
whereby errors in stamping may be corrected.
8. Documents not stamped in accordance with
requirements of this act, shall not be recorded or
admitted as evidence. It shall not be lawful to record
or registed any document upon which required stamps
have not been fixed or canceled. (Sec. 15.)
9. A document shall not be held invalid for want
of any particular kind of stamp, provided stamps of
equal value have been affixed. (Sec. 16.)
10. Bonds, Debentures or Certificates of Indebted-
ness issued by officers of U.S. Government or by officers
of any State, County, Town, Municipal Corporation, or
other Corporation exercising taxing powers, shall be
exempt. Stocks and bonds of Co-operative Building
Assocations, whose capital does not exceed $10,000
and Building and Loan Associations that make loans
only to shareholders shall be exempt. (Sec. 17.)

Agreement to sell for future delivery ay any ex-
change or board of trade or other similar
place, on each $100 or fraction of face value. $ .01
Bank Check not drawing interest.................. .02
Bill of Exchange, inland, other than at sight, draw-
ing interest for each $100 or less................... .02
Bill of Exchange, Foreign, darwn in U.S. payable
outside, if drawn singly, for each $100 or less .04
Bill of Exchange, Foreign, drawn in sets, each bill
of each set for each $100 or less.................... .02
Bills of Lading, foreign for export other than
Charter party.............................................. .10
Bills of lading, domestic and each duplicate.. .01