The western Democrat. [volume] (Charlotte, N.C.) 1852-1870, 1861-08-27
TAX BILL

for their redemption.
Section l. The Congress Of the Confederate
States Of America do enact that the Secretary OF
the Treasury be- and he is hereby Authorized, from
time to time as the public necessities may requl.c,
to issue Treasury notes, payable to bearer, at the
expiration of six months after the ratification OF
Treaty of Peace between the Confederate States
and the I nied States; the SAID notes to be OF
any denomination not less than five dollars, and to
he re-issuabIe at pleasure, until the same pay
able: but the whole issue outstanding at time,
including the amount issued under former acts,
shall not exceed one hundred millions of dollars;
the said notes shall be receivable in payment OF
the war tax hereinafter provided, and Of all other
public dues, except the export duty cotton, and
shall also be received in payment Of the subscrip-
tons Of the net proceeds OF sales Of raw produce
and manufactured articles.
Sec 3. That for the purpose of funding the
said notes and for making exchange for the pro-
ceeds of the sale Of raw produce and manufactured
articles or for the purchase Of specie Or military
stores. the Secretary Of the Treasury, with assent
Of the President, is authorized to issue bonds,
ravable not than twenty years after date, and
bearing rate of interest not exceeding eight per
ceBtum per annum until they become payable, the
interest to be paid semi-annually; the said bonds
not to exceed in the whole one hundred millions
Of dollars and to be deemed a substitute for the
hy the act approved May 6, 1861; and this act is
to be deemed revocation of the authority to issue
The said thirty millions The said bonds shall not
lie issued in less sums than one hundred dollars,
nor in fractional parts Of hundred, except when
the subscription is less than one hundred dollars,
the said bonds may be issued in sums of fifty dol
lars They may lie sold for specie, military and
naval stores or for the proceeds Of produce and
manufactured articles, in the same manner Is
provided hv the act aforesaid; aud whenever sub
scriptions Of the same have been, shall he made
payable at a particular date, the SecretartNf the
Treasury shall have power to extend the times Of
sales until such date as he shall see fit to Indicate
Sec 8. The holders Of the said Treasury notes
may, at any time, demand in exchange for them
bonds Of the Confederate States according to such
regulations rs may be made by the Secretary Of the
Treasury. But whenever the Secretary Of the
Treasury shall advertise that he will pay off any
rortion OF the said Treasury notes. then the privi-
ece of funding as to such notes shall cease unless
there shall be failure to pay the IN specie on
presentation.
Sec That FOR the special purpose of paying
the principal and interest of the public d bt, and
Of supporting tho Government, tax shall be
assessed and levied of fifty cents upon each anc
hundred dollars ia value of the following property
in the Confederate States namely Real estate Of
all kinds slaves, merchandise, bank stocks rail
road and other corporation socks, money inter
est or invested by individuals in the purchase Of
bills notes and other securities for money Except
the bonds Of the Confederate States of America)
and cash hand, on deposit in bank or else
where; cattle, horses and mules; gold Watches cole
aud silver plate; pianos and pleasure carriages
PrGrided, however that when the taxable prop
ertv, herein above enumerated, Of any head Of a
family is Of value less than five hundred dollars
such taxable properly shall be exempt from taxa
ton under this act; and pToUjded fi,rfher, that
the property of colleges and schools and of chart
table or religious corporations associations &C
tuay used for the purpose for which such colleges
schools corporations or associations were created
shall be exempt from taxation under this act; and
pr0rided FURTHER, that all public lands and all
property owned by State for public purposes be
exempt from taxation.
Sec. ,. That for the purpose OF oscertaiuinl: all
property included in the above classes and the
value thereof, and the person chargeable with the
tax each State shall constitute tax division over
which shall be appointed one chief collector, who
shall be charged with the duty of dividing the
State into convenient number Of collection dis
tricts subject to the rcvisal of the Secretary Of
the Treasury. The said collector shall be APP
pointed by the President and shall hold his office
for year, and receive salary of two thousand
dollars. He shall give bond with securities to dis
charge thc duties OF his office in such amount as
may &c NrCScrlheu ny In" secretary OF the Treas
urv and shall take oath faithfully to discharge the
duties of his office, and 10 support and defend the
Constitution The said chief collector shall with
the appreciation Of the Secretary Of the Treasury
appoint tax collector for each collection district
whose duty it shall be to cause an assessment to
be made, before the first day Of November
L.ext. "t all the taxable property in his district
included In each OF the above mentioned classes of
property and the persons then owning or in pos
session thereof; and in order thereto. the said
tax collector may appoint assessors, who shall pro
coed through every part Of their respective dis
trcts, and, after public notice, shall require MI
persons owning possessing. or having the care and
management OF any property liable TO the tax aforc
said, 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
coninrmaGle to those which NAV be required for
the same parpose under the authority Of the re-
specive States; and the said assessors are author
lied to enter into and upon all and singular the
premises for the purposes required By this act
Sec. 6. If any person shall not be prepared to
exhibit a written list when required, and shall con-
sent to disclose the particulars of taxable property
owned or possessed by him, or under his care or
management, then it shall be the duty Of the Off
Ger to make the list, which being distinctly read
and consented to, shall be received as the list of
such person.
Sec. 1, That if any person shall deliver or dis
close 70 any collector or assessor appointed in pur-
suance q this act, and requiring list aforesaid,
any false or fraudulent list, with intent to defeat
or evade the valuation or enumeration hereby in
tended 20 be made, such person, so offending shall
be fined in a sum not exceeding FIVE hundred dol