Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1861-08-23
Congress.

var luz JOT tNStf fe9o"QttV"'
srcr,os !. The Congress of the Confederate
States of America do enact, that the Secretary
of the Treasury be, and he is hereby author
lied. from time to time, as the public necessl
ties NAV REQUIRE, to issue Treasury notes
novable to bearer, at the expiration OF si'
months after the ratification Of q Treaty o
Peace between the Confederate States and I'M
limited States the said notes to be OF any de
| nomination not less than five dollars, ana u
be reasonable at pleasure, until the same ar
novable. but the whole issue outstanding q
one time. including the amount issued undo
former Acts. shall not exceed one hundred mil
lions of dollars; the said notes shall be receiV
able in payment OF the war tax hereinafter
nrovided. and CT all other public dues, eXcep
the export duty on cotton, and shall also d.
received in payment Of the subscriptions o
the nett proceeds of sales OF raw produce anL
manufactured articles.
SEC. .. That for the purpose OF funding tht
said notes, and for making exchange for tht
proceeds of the sale Of raw produce and man
utacturel articles, or for the purchase OF spe'
Gle or military stores, the Secretary OF INT
Treasury, with assent OF the President, is su'
thorizcl to issue bonds, payable not more thar
twenty years after date, and bearing o rate o
interest not exceeding eight per centum pei
annum until they become payable, the interes
TO he paid se,uiIannually the said bonds no.
to exceed in the whole one hundred millions
Of dollars, and 10 be deemed L substitute inI
thirty millions Of the bonds authorized to be
issued by The act approved May III, 1861 ; am
this act is to bc deemed n revocation OF tn,
authority 10 issue the sud thirty Millions -
The said bonds shall not he issued in less sums
than one hundred dollars, nor in l%ractiona
parts Of Il hundred, except when the subscrlp
; ion is less than one hundred dollars, the said
bonds may be issued in Sims of iifty dollars,
They may b. sold for specie, military and ia
| val stores or for the proceeds Of iaw produce
| and manufactured articles, in the same man,
ncr rs is provided by the act aforesaid anu
whenever subscriptions Of the same have been,
or shall be made payable at a particular date,
the Secretary Of the Treasury shall have powe,
10 extend the time Of sales until such late as
he shall see fit to indicate.
SEC. ? The holders OF the said Treasury
notes may, at any time, demand in exchange
therefor bonds of the Confederate States, nc
cording to such regulations as may be made by
the Secretary of the Treasury. But whenever
the Secretary Of the Treasury shall advertise
that he will pay of any portion of the said
Treasury notes, then the privilege of funding
as to such notes shall cease, unless there shall
be Z failure to pay the SAME in specie on pre-
sensation.
SEC. i. That, for the special purpose OF
paying The principal and interest Of the public
debt, and Of supporting the Government, I
war tax shall Lc assessed ind levied Of fifty
cents upon each one hundred dollars in value
Of the following property in the Confederate
| States, namely: Real estate Of all kinds !;
| slaves, merchandise, bank stocks railroad
and other corporation stocks money at inter
est, or inycstcd by individuals, in the purchase
of bills, notes and other securities for money.
except the bonds Of the Confederate States Of
America, and cash On hand, OF on deposit in
bank or elsewhere cattle, horses and mules !;
gold watches, gold and silver plate pianos
and pleasure carriages Provided, however,
That when the taxable property, herein above
| enumerated, or any head Of ! family is Of
value less than five hundred dollars, such tax.
able property shall be exempt from t~axation
under this act; and, provided further, that the
property Of colleges and schools, and Of char.
liable OF religious corporations or associations
actually used for the purpose for which such
colleges, schools, corporations, Or associations
were created, shall be exempt from taxation
uater Ibis act and provided further,
that all public lands and all property owned by
q State for public purposes be exemp; from
taxation.
SEc. ). That fr The purpose of ascertaining
all property included in the above classes and
the value thereof, and the person chargcablc
with the tax, each State shall constitute q tax
division, over which shall be appointed one
chief collector, who shall be charged with the
duty Of dividing the Stale into II convenient
number Of collection districts, subject 10 the
rcvisal If the Secretary of the Treasury. The
SAID collector shall be appointed Ivy the Prcsi-
dent, ard shall hold his office for one year, and
receive q salary Of two thousand dollars. he
shall give bond with securities 10 discharge the
duties Of his Office in such amount rs may be
prescribed by the Secretary OF the Treasury,
and shall take oath faithfully to discharge the
duties Of his Office, and to support and defend
the Constitution. The said chief collector
shall, with :he appreciation Of the Secretary Of
the Treasury, appoint f. tax collector for each
collection district, whose duty it shall be 10
cauae an assessment to be made, on or before
the first day Of November next, Of all the taxa.
be property in his district, included in each Of
the above mentioned classes Of property and
the persons then owning or in possession
thereof; and in order thereto, the said tax COL
lcctcr may appoint assessors, who shall pro-
cecd through every part OF their respective dis
tricts, and, after public notice, snail require all
persons owning, possessing, or having the care
anu management Of any property liable 10 the
tax aforesaid, to deliver written lists Of the
same, which shall be made in such manner as
may be required by the chief collector, and as
far as practicable, conforInable 10 those which
may be required for the same purpose under
the authority Of the respective States; and the
said assessors are authorized to enter into and
upon all and singular the premises for the pnr-
posrs required by this act.
SEC. c. If any person shall not DC prepared
to exhibit q written list when required, and
shall consent to disclose the particulars of tax
able property owned or possessed by him, or
under his care or management, then it shall
be the duty OF the officer TO make the list,
which, being distinctly read and consented to,
shall be received as the list Of such person.
SEC. Z. That il any person shall deliver or
dislose to any collector or assessor appointed
in pursuance Of this Act, and requiring a list
rs aforesaid, any false or fraudulent list, with
intent to defeat or evade the valuation or emu
,~neration hereby intended to be made, such
person. so offending, shall be fined in u sum
not exceeding five hundred dollars, to be re-
covered in any court of competent jrIrisdic-
ti0n.
SEC. 8. Any person who shall fail to deliver
to the collector or assessor 4 list OF his taxa
bic property at the time prescribed by him,
shall be liable to a double tax upon oil his tax-
able property; The same TO be assessed by the
collector or assessor, and to be collected in the
same manner and by the same process as is
herein provided as to the single tax.
SEc. q. The lists shall be made in reference
to the value and situation Of the property on
the first day OF October next, and shall be
made out, completed and delivered into the
hands of each If the tax collectors on the first
day Of December next; and upon the receipt
thereof, each tax collector may, for twenty