Share warrants

(1) There shall be paid on every fifty dollars or part of fifty dollars of the nominal value of every share warrant to bearer by a company registered in Belize a duty of …..………. $2.25. (2) If any such warrant is issued without being duly stamped, the company issuing it, and also every person who at the time when it is issued is the managing director or secretary of the company, and also every person who is knowingly a party to such issue or who accepts the warrant, shall be jointly and severally liable to pay to the Commissioners the amount of the stamp duty chargeable thereon and the penalty payable on stamping it, and in addition shall each incur a fine of two hundred and fifty dollars.