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Exceeding in value $100, and not exceeding
$500....

Exceeding $500...

FOR WITHDRAWAL of any goods from bonded
warehouse....

$0.50

1.00

.50

Express Receipt.--The stamp-duty imposed on express companies' stamps or receipts for transportation is repealed by the act of March 3, 1863 (§ 10, p. 270), and in lieu thereof a duty is imposed on the yearly profits of the company. See EXPRESS COMPANIES, Book II.

Lease, agreement, memorandum or contract, for the hire, use or rent of any land, tenement, or portion thereof—

For three years or less...

Over three years..

$0.50 1.00

An assignment of a lease requires the same stamp as the original instrument. (Act of March 3, '63, § 6, p. 287.)

A paper, therefore, containing an agreement to hire on the part of the tenant, and an agreement to rent on the part of the landlord, requires two stamps.

A mere suretyship (without a bond) does not seem to require any stamp.

The commissioner has decided that a strict construction of the law relative to stamp-duties upon leases, &c., will require that a stamp of the denomination of fifty cents shall be attached to every lease; and an agreement to lease, from month to month-no certain period of time being set forth-must be construed to mean, and will so be regarded, as a lease for a period of time," and therefore subject to the duty imposed by the excise law upon such instruments. (N. Y. Trans., Dec. 5, '63.) Legal Documents.-Writ, or other original process

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by which a suit is commenced in any court of
record, law or equity..

50 cents. But no writ, summons, or other process issued by a justice of the peace, or in suits commenced by the Federal or State Government, is subject to payment of stamp-duty. (Sched. B, p. 291.)

The commissioner decides that actions by consent are subject to stamp-duty as original process. (N. Y. Times, Feb. 15, '63.)

Bonds, required in legal proceedings-such as replevin bonds, injunction bonds, bonds to dissolve attachments-are not subject to stamp-duty. (Schedule B.)

"The original writ" requires the fifty-cent stamp, and this stamp "covers all further judicial proceedings in the case," except such papers as come within the scope of the excise law and are subject to stamp-duty. (Com'r Boutw., N. Y. Trans., Feb. 9, '63.)

Letters of Administration.-See PROBATE OF WILL, infra.
Letters of Credit.-See BILL OF EXCHANGE (FOREIGN), supra.
Lottery Tickets, fractional parts of lottery tickets,

policies of numbers in lotteries, tokens, certifi-
cates, &c., representing the holder entitled to
any prize in any lottery cr game of hazard or
chance, the amount risked not exceeding $1...
For every $1 risked, over $1.....

50 cents.

50

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The penalty for not affixing a stamp is $50 for each offence. The ticket can have no legal effect unless stamped; and if not stamped, the seller forfeits twice the amount paid for the ticket. (Act of March 3, '63, § 2, p. 285.)

Manifests for Custom-house Entry, or clearance of the cargo of any vessel for a foreign port:

3.00

Registered tonnage not exceeding 300 tons.....$1.00
Exceeding 300 and not exceeding 600 tons.
Exceeding 600 tons....

5.00

This does not apply to vessels plying between United States ports and ports in British North America. (Schedule B.) Marine Protests, whether protested by a notary public

or by any other authorized officer... ...25 cents. Medicines. See PROPRIETARY ARTICLES, chapter ii., post. Mortgage of real or personal, heritable or movable property, where made as a security for the payment of any definite sum of money lent at the time, or previously due and owing, or forborne to be paid, being payable; also any conveyance of any lands, estate, or property whatsoever in trust to be sold or otherwise converted into money, intended only as security, and redeemable before the sale or other disposal thereof, either by express stipulation or otherwise; or any personal bond given as security for the payment of any definite or certain sum of money, required stamps, under the act before amendment, varying according to specified amounts. Under the amendatory act of March 3, 1863, mortgages and personal bonds of the above description require, upon every sum of $200, or fractional part thereof, a ten-cent stamp.

No mortgage shall be subject to a stamp-duty exceeding $1,000. (Act of March 3, '63, § 6, p. 286.)

An assignment of a mortgage requires the same stamp as the original instrument. (16.)

Under the statute, before amendment, the commissioner decided that when a bond and mortgage, or note and mortgage, are given to secure the same debt, the bond and mortgage, or note and mortgage, require to be stamped. The bond, as a personal bond for a certain sum of money, requires a mortgage stamp; the mortgage, a mortgage stamp; and the note, a bill of exchange (inland) stamp. When all the instruments-viz., mortgage, bond and note-are given to secure the same debt, the law requires that each instrument shall have its appropriate stamp. (Com'r Boutw., N. Y. Trans., Dec. 26, '62.) But by the amendatory act of March 3, 1863 (§ 6, p. 286), it is provided that, whenever any bond or note shall be secured by a mortgage, but one stamp-duty shall be required to be placed on such papers; provided that the stamp-duty placed thereon is the highest rate required for said instruments, or either of them." A mortgage, with power to sell attached, requires a power-of-attorney stamp, in addition to the mortgage stamp. Official Instruments, documents and papers, issued or used by

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the officers of the United States Government, are exempt from stamp-duty. (Act of Dec. 25, '62, § 4, p. 299.) The commissioner has issued a regulation to the effect that official instruments, documents and papers issued or used by the officers of any State government, are exempt from stamp-duty. (Com'r Boutw., N. Y. Trib., Jan. 7, '63.) Order for payment of money. See CHECKS, and BILLS OF EXCHANGE, supra.

Passage Ticket by any vessel, from a port in the United

States to a foreign port, costing $30, or less.... 50 cents. But this does not apply to vessels plying between United States ports and the ports of British North America. (Schedule B.) Policies of Insurance (life), or other instruments, by whatever name the same shall be called, whereby any insurance shall be made upon any life or lives—

When the amount insured shall not exceed $1,000. $0.25
Exceeding $1,000, and not exceeding $5,000....
Exceeding $5,000...

.50

1.00

An assignment of a policy of insurance requires the same stamp as the original instrument. (Act of March 3, '63, § 6, p. 287.)

Deposit notes for insurance require no stamp. (Ib.) See PROMISSORY NOTES, infra.

All life-insurance policies are subject to stamp-duty when the policy is conditional that the assured is to pay a certain sum annually, or at any other stated period. Receipts for such payments are not subject to stamp-duty.

If the policy has expired by limitation, or by non-fulfillment of the conditions of the assured, renewal or revival of the policy, in whatever form made, will be subject to stamp tax.

Permits or agreements, by which the terms of a policy are varied or changed in any respect, are subject to stamps as agreements. (Com'r Boutw., Decis. No. 35.)

(marine, inland, and fire).—Each policy of insurance, or other instrument, by whatever name called, by which insurance is made or renewed upon property of any description, whether against perils by the sea or by fire, or other peril of any kind, made by any insurance company, or its agents, or by any other company or person, the premium or assessment* not exceeding $10...

Exceeding $10...

This limitation is by the act of March 3, 1863.

10 cents.

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1. Each insurance policy, whether fire or marine, must be stamped.

2. An open policy will require but one stamp where the risks entered under such policy are all upon property shipped by, or consigned or belonging to, the policyholder.

3. Whenever certificates, or other evidences of insurance, are issued by the holder of an open policy, every such paper must bear an appropriate insurance stamp. (Com'r Boutw, Decis. No. 29.)

The stamp must be affixed by the company issuing the policy. (Id., N. Y. Trans., Jan. 12, '63.)

*The commissioner construes the phrase "premium or assessment," here used, to include all payments for insurance, whether in money, or in a premium or deposit note.

Indorsements upon a policy of insurance are not regarded as separate contracts, requiring separate stamps. The stamp upon the policy itself covers all indorsements upon it, and is alone necessary. But all policies, renewals, and indorsements other than open policies, are subject to duty. (Id., N. Y. Trans., Nov. 13, '62.)

Power of Attorney to perform any other acts than enumerated below, stamp..

$1.00

No stamp is required on powers of attorney, or other papers relating to applications for bounties, arrearages of pay, or pensions, or to the receipt thereof from time to time, or indemnity awarded for depredations and injuries by the Sioux Indians, nor on any warrant of attorney accompanying a bond or note, when such bond or note is properly stamped. (Act of March 3, '63, § 6, p. 286.)

to sell or transfer any scrip or certificate of profits, or memorandum showing an interest in the profits or accumulations of any incorporation, for a sum not exceeding $50 ....

... 10 cents.

to sell or transfer stock, bonds, or scrip, or to collect dividends or interest thereon [for a sum exceeding $50]. . . . . .

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Commissioner Boutwell, under the act before amendment, decided that orders to pay dividends were not powers of attorney, but sight drafts, requiring a two-cent stamp.

Any written authority, in whatever form drawn, made by a stockholder in a corporation, for the transfer of shares in such corporation, is regarded as a power of attorney, and as such is subject to a stamp duty of twenty-five cents. (Com'r Boutw., Decis. No. 63.)

to sell and convey real estate, or lease the same, or to perform any and all acts not herein specified.

$1.00

Power of attorney to sell the mortgaged premises requires, in addition to the stamp on the mortgage, a general power-ofattorney stamp-$1. (Id., N. Y. Trans., Jan. 12, '63.)

to collect and receive rent...

25 cents.

to vote at any election for officers of any incorporated company or society, except religious, charitable or literary, or public cemeteries..... 10

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