Proviso. That if the purpose for which the loan is raised be
if the money | such as to produce profit or to yield returns in
borrowed be so
invested as to Money to the Municipality, or if the money be
produce returns. Loaned by it so as to produce interest,
or if the 588 capital
Capital
be reimbursable to the Municipality, then it shall be law-full for the Treasurer and the Mayor, or Head of such
Municipality to enter upon the books of the corporation,
a Certificate
signed by them
in the form
of the schedule
A.
setting FORTH THAT
there ought to be paid to the Municipality during the course of
the year, such dividends or profits
describing them)
or such interest or sums of money
(mentioning the amount) or both (as the case maybe),
and that the said
Treasure and Mayor
have reason to believe and do believe that the sums which will, from the said
sources, come into the hands of the Treasurer during the year,
Receiver General
From Time to Time.
To Sell
Pledge or otherwise dispose of any securities in which any part of the Sinking Fund may have been invested in case it shall be necessary so to do in order to enable him to pay any sum which is hereby made payable out of the said sinking fund.
By Law [Authorizing the raising of money by loan, under this act,
Shall have been passed by the council of any Municipality,
and approved by the
Governor in Council,
The Treasure of such Municipality shall
IPSO FACTO andor ipso facto
and without requiring any other authority
or direction whatever, have full power,
and it shall be his duty, before the making out of the ordinary Collectors’ Rolls in each year,
if the By-Law shall then be
in force,
and if not, then at least three months before the earliest
day
on which interest can be payable on any Debenture issued
under such
By-law,
to ascertain the highest sum which can be
reuired during the year, to pay the interest (and the principal if any be payable)
on or of debentures issued or to be issued under
such
By-Law,
and to add five per centum thereunto for losses and
expenses,
and to certify the amount in a notice to the clerk of the Municipality,
or if such Municipality be a
County, Country or other Prince, Principality ect.
then to
certify
to the Clerk of each
Township
or
Incorporated
Town
or
Village
therein,
the portion payable by the same; and it shall be the duty of such clerk to assess the amount so certified equality upon all the taxable property in his
Municipality,
and to set down on the ordinary
Collectors’ Roll
for the Year,
if it shall not have been previously delivered to the
Collectors,
the amount
with which each party or lot is chargeable, under the
head of
‘Loan Rate for
(Naming the purpose)” or
County Loan Rate
for
(Naming the Purpose.)’ as the case may be; and if such amount shall be so certified to any such clerk after the time in any year
when the
Collectors’ Rolls
shall have been delivered to
the Collectors,
then such
Clerk shall forthwith make out a special
Collectors Roll
for
the purpose in the form may be applicable, and
Proviso.
Shall deliver the same to the Collector:
Provided
Always,
that if there be in the hands of the treasurer at the time
of his giving such notice as aforesaid to the
clerk of the Municipality,
Any monies applicable to the payment of the principal or
interest
of the
Debentures
to which such notice refers, then the
treasurer may deduct such sum from that to which the notice
refers before adding the five per cent thereto; and provided also,
Proviso. That if the purpose for which the loan is raised be
if the money | such as to produce profit or to yield returns in
borrowed be so
invested as to Money to the Municipality, or if the money be
produce returns. Loaned by it so as to produce interest,
or if the 588 capital
Capital
be reimbursable to the Municipality, then it shall be law-full for the Treasurer and the Mayor, or Head of
such
Municipality to enter upon the books of the corporation,
a Certificate
.
signed by them
in the form
of the schedule
A.
setting FORTH THAT
there ought to be paid to the Municipality during the course of
the year, such dividends or profits
describing them)
or such interest or sums of money
(mentioning the amount) or both (as the case maybe),
and that the said
Treasure and Mayor
have reason to believe and do believe that the sums which will, from the said
sources, come into the hands of the Treasurer during the year,
SEC 481 ADJUSTMENT LAST YEARS OPEN POSITION TO BRING TAXPAYER INTO COMPLIANCE WITH 475 THIS YEAR.
A. TRADER PROFIT-NO 475
A. COMMODITIES TRADER PROFIT SEC475
A. TRADER-COMMODITY PROFIT 475
A. COMMODITIES TRADER LOSS NO 475
A. COMMODITIES TRADER LOSS SEC. 475
District Capital
Total Capital
Capacities
Capabilities
OFFICES ALLOWANCES.
VALUED ALLOWED DUTIES OR AUTHORITIES INCOMES
………………………………………………..Profitable-Commodities
…………………………………………. Example 7
Expense deductions
Loss deductions
Exemptions
Standard deduction
Alternative minimum tax
Total tax due/(refund)
Investor ……………………………………………….. Trader–No 475 ………………………………………. Trader–475
Profitable-Stocks
Expense deductions
Loss deductions
Exemptions
Standard deduction
Alternative minimum tax
Total tax due/(refund)
Nonprofitable-Stocks
……………………………………………Example 1
Profitable-Commodities
Expense deductions
Loss deductions
Exemptions
Standard deduction
Alternative minimum tax
Total tax due/(refund)
Nonprofitable-Stocks
……………………………………………….Example 4
Expense deductions
Loss deductions
Exemptions
Standard deduction
Alternative minimum tax
Total tax due/(refund)
Profitable-Commodities
Expense deductions
Loss deductions
Exemptions
Standard deduction
Alternative minimum tax
Total tax due/(refund)
Expense deductions
Loss deductions
Exemptions
Standard deduction
Alternative minimum tax
Total tax due/(refund)
| Recorded…..|……Filed
Nonprofitable-Commodities
Expense deduction
Loss deductions
Exemptions Standard
deduction Alternative
minimum tax
Total tax due/(refund)