Weekly standard. [volume] (Raleigh, N.C.) 1858-1865, 1861-03-06
IT, 4,arpisaVa,tta..'..a%A.
. sa CAPT ION S. 8
or THE ACTS PASSED By THE GENE
RAJ ASSEXBLYsOF. 1s6O-6l, AND RAT
xFIED i[BY, THE lSPEAKERS OF THE
TWO HOUSES "a ~ cs'a ~ 4r'. l-

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xFyED l(BY TIE lSPEAKERS OF THE
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AN,AGT) To- AMEND IAN ACT ENTITLED
REVENUE" RATIFIED 18TH DAY OF
FEBRUARY, 1889. as'' ia4f,
SECTION /. That an "Act entitled Revenue"
which was ratified on the 18th day Of February,
1858, be amended in the following manner, to-wit:
In addition to the exemption specified in section g.
property and estate snd their profits Us may belong
to State and County Agriculture Societies. and DO
set apart and used by them for agricultural fairs,
and ill such, and their profits as belong to any
church or religious society, and be set apart and
used by them for parsonages.
- , SCHEDULE A. ~
SEC q The amendments under schedule shall
be as follows:
l. Real property, with the improvements thereon,
including entries Of land shall be taxed annually
eighteen cents on every hundred dollars of its value.
2. The provisions Of paragraph (6) shall be con-
srued to extend to interest received or accrued upon
the subjects therein named whether held in ones
own right or as guardian, executor, administrator,
clerk, or clerk and master of any court or as trus
tee or agent Of any kind whatever, and the person
or persons holding any such subject OF taxation
shall list the same for taxation.
g. Every resident Of this State, owning any bonds
of the State Of North Carolina issued after the rati-
6cation of this act shall be liable to tax Of four
cents on every dollar Of interest received from such
investment
4 Paragraph co shall be amended as follows:
Every dollar Of nett dividend profit not previously
listed, declared received, or due on or before the
first day Of July in each year, upon money or capt.
tai invested in shares in the Bank Of Washington,
the Merchants Bank of Newborn, the Bank Of
Wadesboro, the Bank of Fayetteville, the CONNER
cia3 Rank of Wilmington the Farmers Bank OF
North Carolina, the Bank of Charlotte, and the
Bank of Yanceyvle, shall pay an annual tax OF
nine cents and in shares in all other banks, or in
any other incorporation or trading company, or in
steam vessels of twenty tons burden or upwards,
four cents. And any person listing any dividends
or profit Of the banks herein specially named, shall
be required to list the same separately from any
other dividend or profit for which he is liable to
tax and also to specify the name of the bank upon
which said dividend is due or has been received.
8. Every resident surgeon dentist, physician, law
yer portrait miniature painter daguerrean artist,
or other persons taking likenesses of the human
face; every commission merchant, factor, produce
broker, and auctioneer; every State and county Of
fcer Except judges of the superior courtsD every
president and cashier treasurer of any bank, rail-
road or other incorporated company, whose annual
total receipts and income, in the way of practice,
salary, fees, wages, perquisites, and emoluments,
amount to or are worth $500 or upwards, one per
cent on such total receipts and income; and SO
much of paragraph Q6) schedule A. as imposes a
tax upon persons other than those herein named is
hereby repealed.
G. The tax imposed by paragraph 40 upon Ii.
quors wines, and cordals, shall hereafter be four
per cent And this paragraph so amended is here
by transferred to schedule B. and the tax imposed
by it shall hereafter be given in and paid under the
same rules regulations and penalties as are prescr-
bed in case Of merchants tax.
T. 10 facilitate the collection of the tax collat-
erals, every executor administrator shall return
in his inventory whether the estate of the deceased
goes to the lineal collateral relations to stran-
GER and if 10 coaterals the degree of relationship
of such collaterals to the deceased under penalty
of one hundred dollars to be recovered in the name
and for the use of the State.
SCHEDULE B.
SEC. l. The amendments under schedule B. shall
be as follows:
l. Every money or exchange bondor note broker,
private banker or agent of foreign broker or bank
er, shall pay the sum Of five hundred dollars for
each county in which he has an Office or place of
business, and every person acting for said broker
whether with or without compensation shall be held
and deemed broker to all intents and purposes in
the place or county in which he shall so act and
/. shall be liable for the above tax.
g. Every person who is not resident of this
State who shall come into this State in the capacity
Of or agent for a broker, and with the intention Of
exercising any of the functions of a money or ex-
change broker, shall pay the sum of five hundred
dollars in each and every county in which he shall
act as broker which tax shall be collected by the
sheriff Of the county and be accounted for other
taxes. Z.
rs g. Every person who shall propose to act IS
broker according to the foregoing section, shall pay
the tax to the sheriff of the county iii which such
brokers' business is to be transacted and take H.
cenSe for the same, which shall authorize him to act
as broker for one year; and any person who shall
act without such license shall forfeit the of fit
teen hundred dollars to be recovered by the sheriff
the county where such tax may be due one third Of
which shall 90 to the sheriff. and tie remainder shall
be accounted for other taxes, and such person
ofending shall be guilty Of misdemeanor.
L. Every nonresident merchant drummer OF
agent who shall come into this State and sell any
goods wares or merchandise, by sample or other
wise, whether delivered or to be delivered shall pay
\. tax Of one half of one per cent on the gros.
amount of such sales made in any one year, ant
shall, before making such sale, obtain a writer
license from the sheriff Of the county in which h
proposes to do business, which the sheriff is au
thoFized to issue whenever such person shall Civ
Sond with security in the sum Of FIVE hundred dol
lars for the payment of the tax hereby imposed, a
the time and under the same rules and regulation
as prescribed for the payment of merchants tax
and every person violating the provisions of thi
paragraph shall be liable to penalty, of five hun
dred dollars, to be collected by the sheriff, four hun
dred dollars Of which shall be accounted for an
paid As other State taxes, and he shall be furthe
liable to Indictment as for misdemeanor.
-" ,@t SCHEDULE C.
=. SEC. 4. And the amendments under schedule C
shall be as follows, to wit:
l. The President and Cashier of the banks here
in named, on or before the first day of October il
each year. shall pay into the public treasury the fol
towing tax on each share Of stock owned by indivd
nails or corporations to wit:
The Bank of Washington twenty-five cents.
The merchants Bank Of Newbern, twenty five ctr
-. The Bank Of Wadesboro' twelve-and- a-half cents
The Bank Of Fayetteville, tweve-and q half cents
The Commercial Bank of Wilmington, twenty
five cents
The Farmers Bank Of North-C Carolina, twenty
s. five cents. s,. ... ...
The Bank of North Carolina, sixty cents.
The Bank Of Lexington, thirty cents.
The Miners and Planters Rank thirty cente