Stamp tax on original issue of certificates of stock.
Section 224
SEC. 224. Stamp tax on original issue of certificates of stock.—On every original issue, whether on organization, ^organization or for any lawful purpose, of certificates °f stock by any association, company, or corporation, there shall be collected a documentary stamp tax of fifty centavos on each two hundred pesos, or fractional part thereof, of the par value of such certificates: Provided, That in the case of the original issue of stock without par value the amount of the documentary stamp tax herein prescribed shall be based upon the actual consideration received by the association, company, or corporation for the issuance °f such stock, and in the case of stock dividends on the actual value represented by each share.