Report required to determine the value of shares of stock.

Duties of board of assessment.

in provided for shall be due and payable on or before the first day of July next succeeding such report. Upon failing to make said reports or to pay said taxes, as herein required, said banks shall be subject to the fines and penalties now prescribed by law for such failure on the part of State banks.

§ 2. In order to determine the value of shares of national banks in this State, and to assess all shares of national banks for State purposes and for the purpose of taxation in each county, city, town and taxing district, it shall be the duty of the president, cashier or other chief officer of each national bank in this State to annually, between the fifteenth day of September and the first day of March, make and deliver to the Auditor of Public Accounts a statement, verified by its president, cashier or other chief officer, in such form as the Auditor may prescribe, showing the following facts, to wit: The name and postoffice address of the bank; the names of president, cashier and board of directors; the number of shares of stock, and par value of each share; the amount of surplus fund and undivided profits; the amount of value of all real estate held and owned by the bank on the fifteenth day of September of each year; the amount of United States bonds owned by the bank; the amount of its loans and discounts; the amount of its deposits, and such other information as the Auditor may require.

§ 3. The Auditor, Treasurer and Secretary of State are hereby constituted a Board of Assessment for the purpose of fixing the value of shares of all national banks in this State. It shall be the duty of the Auditor, immediately after the Board of Assessment has fixed the value of the shares of national banks to furnish each bank with a statement of the value fixed on its shares and the amount of tax due thereon, and

the bank shall have thirty days from the time of receiving the notice to go before the Board and ask for a change in the valuation, and the Board, after hearing such evidence as may be submitted, may change the valuation and assessment as it may deem proper, and the action of the Board shall be final. Each bank shall be entitled to have deducted from the total valuation placed on its shares by said Board, the assessed value of its real estate in this State. It shall be the duty of the national banks to list with the county assessor of each county its real estate and pay the taxes thereon to the sheriff. The Auditor shall, at the expiration of thirty days after final action by said Board, certify to the county clerk of said counties where national banks are located, the value of the shares of the bank, less the assessed value of its real estate, and such certificate shall be by each county clerkfiled in his office and be by him certified to the proper collecting officer of the county, city, town or taxing district, for collection, and each county, city, town or taxing district shall be entitled to collect taxes on such valuation, except in such cities and towns as otherwise provided. Any bank failing, through its officers, to make the report and pay the taxes as herein provided for shall be liable to such penalties and fines as are imposed by law for such offense on the part of the State banks. Taxes due by national banks to the State as imposed by this article shall be payable directly into the State Treasurer by the bank, on or before the first day of July next succeeding such report.

$ 4. All acts or parts of acts in conflict or inconsistent with this act providing for other methods of taxation of shares of national banks and the collection of taxes thereon are hereby repealed.

Approved March 21, 1904.

Source of title must be given in

recording.

CHAPTER 67.

AN ACT to amend and re-enact section 6 of an act, entitled "An

Act concerning conveyances," approved April 22, 1893, and being section 495 of the Kentucky Statutes.

Be it enacted by the General Assembly of the Commonwealth of Kentucky:

§ 1. That section 6 of an act entitled, “An act leed to authorize concerning conveyances," and approved April 22, 1893, and being section 495 of the Kentucky Statutes, be, and the same is, hereby amended and re-enacted, so that the same shall read as follows:

"All deeds and mortgages and other instruments of writing which are required by law to be recorded to be effectual against purchasers without notice, or creditors shall be recorded in the clerk's office of the court of the county in which the property conveyed, or the greater part thereof, shall be. But it shall be unlawful for any county clerk or deputy county clerk to admit to record in such office any deed of conveyance of any interest in real estate equal to or greater than a life estate, unless such deed shall plainly specify and refer to the next immediate source from which the grantor or grantors therein derived title to the said real estate or the interest conveyed therein.

"If such source of title be a deed or other recorded writing, then the deed offered for record shall refer to such former deed or writing, and give the office, book and page where recorded, and the date thereof, if dated, If the property or interest therein be obtained by inheritance or in any other way than by recorded instrument of writing, then the deed offered for record shall state clearly and accurately how and from whom the title thereto was obtained by the grantor or grantors.

"And if the title to such property or interest conveyed be obtained from two or more sources, then the deed offered for record shall plainly specify and refer to each of said sources in the manner above set out, and shall show which part of said property, or interest therein, was obtained from each of said sources.

"It shall be unlawful for any grantor to lodge for record, or for any county court clerk or deputy to receive and permit to be lodged for record, any deed that does not comply with the provisions of this section.

"Any grantor who shall lodge for record, and any county court clerk or deputy county court clerk, who shall receive and permit to be lodged for record any deed contrary to the provisions of this section shall be fined not less than twenty-five dollars nor more than fifty dollars for each offense. The clerk or deputy who actually receive files such deed for record, shall be the one to incur the penalty of this section: Provided, That nothing in this act shall be construed to make any clerk or deputy clerk liable to the fine imposed herein because of any erroneous or false reference in any such deed, nor because of the omission of a reference required by this act where it does not appear on the face of such deed that the title to the property or interest conveyed was obtained from more than one source; and this act shall not apply to deeds made by any court commissioner, sheriff or by any officer of court in pursuance of his duty as such officer, nor to any deed or instrument made and acknowledged before the passage of this act, nor shall anything in this act be construed to invalidate any deed lodged contrary to the provisions hereof.

Penalty for lodgwhich does not show

ing deed for record,

source of title.

"All fines collected under this section shall go into che common school fund for this State."

Approved March 21, 1904.

Offices of fish and game wardens created.

County judge to appoint.

Powers and duties

or such wardens.

CHAPTER 68.

AN ACT creating the offices of fish and game wardens and defining the powers and duties and fixing the compensation of such officers, and for the further protection and preservation of fish, game and birds in the State of Kentucky.

Be it enacted by the General Assembly of the Commonwealth of Kentucky:

$ 1. The offices of fish and game wardens are hereby created.

§ 2. The county judge of each county shall appoint one or more fish and game wardens for each county in the State, who shall hold office and be subject to removal therefrom at the pleasure of the county judge. Each game warden, before entering on the duty of his office shall execute his bond to the Commonwealth, with good surety, to be approved by the county judge.

§ 3. It shall be the duty of fish and game wardens to enforce within this State all laws relating to the protection, preservation and propagation of fish, birds and game. Each fish and game warden shall have full power to execute and serve all warrants and process of law issued fer, in connection with or growing out of, the enforcement of any law relating to the protection, preservation or propagation of fish, birds and game in the same manner and to a like extent that any sheriff or constable may serve and execute such process, and shall be entitled to the same fees for said services as are now allowed by law to sheriffs for similar services