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Página 18 - The capital stock of all companies and associations, now or hereafter created under the laws of this State, shall be so valued by the State board of equalization as to ascertain and determine, respectively, the fair cash value of such capital stock, including the franchise, over and above the assessed value of the tangible property of such company or association.
Página 14 - The minutes of yesterday's proceedings were read and approved. On motion of Mr.
Página 16 - ... such company or association shall not be assessed or taxed in this State. This clause shall not apply to the capital stock, or shares of capital stock of banks organized under the general banking laws of this State or under any special charter heretofore granted by the Legislature of this State.
Página 6 - When a member is about to speak in debate, he shall rise from his seat and address the chair, and when two or more members shall rise at the same time, the Chairman shall name the member who shall speak first.
Página 16 - Resolved, that for the purpose of ascertaining the fair cash value of the capital stock, Including the franchise, of all companies or associations now or hereafter created under the laws of this state...
Página 18 - First, The market or fair cash value of the shares of capital stock, and the market or fair cash value of the debt (excluding from such debt the indebtedness for current expenses), shall be combined or added together ; and the aggregate amount so ascertained shall be taken and held to be...
Página 16 - ... taken, in each case as the same may be determined by the equalization or assessment of property by this Board,) and the amount remaining in each case, if any, shall be taken and held to be the amount and fair cash value of the capital stock, including the franchise which this Board is required by law to assess, respectively against companies and associations now or hereafter created under the laws of this State.
Página 7 - Lippincott in the Chair. The minutes of yesterday's proceedings were read and approved. The Chairman announced the appointment of Committees on Equalization and Assessments, as follows : DISTRICT.
Página 17 - ... in the city of Chicago, in the County of Cook, and State of Illinois...
Página 16 - Said board shall adopt such rules and principles for ascertaining the fair cash value of such capital stock, as to it may seem equitable and just ; and such rules and principles, when so adopted, if not inconsistent with this act, shall be as binding and of the same effect as if contained in this act, subject, however, to such change, alteration or amendment as may be found, from time to time, to be necessary by said board...

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