The Texas Republican. [volume] (Marshall, Tex.) 1849-1869, 1861-09-28
7 II Z W A II L A X.



Treasury be, aud he is hereby author.
lied, from time 10 time, AZ the public
necessities may require, to issue Treas
ury notes payable to bearer at the expi'
ration OF ak months after the ratitira-
/ ton of treaty OF peace between the
I Confederate $ ates and the United States,
I the said notes to be Of any denomination
not less than five dollars, aud to be Re
issuablc at pleasure, until the same are
payable bat the -shole issue, ou,stand-
ing at one time, including the amount
issued under former acts, shall not exceed
one hundred millions Of dollars /; the
the said notes shall be receivable in
payment of the War Tax hereinafter
provided, and Of all other public dues
except the export duty on cotton, aid
shall also be received IN payment of the
subscriptions Of the net proceeds OF
sales of raw produce and manufactured
articles.
Sic. g That. for the purpose of fund
ing the said notes, and of making ex'
chenge for the proceeds Of the sale of
raw produce aud manufactured articles,
OF for the purchase of specie or military
stores, the Secretary OF the Treasury,
with the assent Of the President, is au.
lhorized to issue bonds, payable not
more than twenty years after date, aud
bearing rate of interest not exceeding
eight per contum per annnm, until they
become payable, the interest to be paid
scmiannually the said bonds not 70
exceed. in the whole. one hundred mil.
lions Of dollars, aud 10 he deemed a
substitute for thirty millions Of the Bonds
authorized to be issued by the Act APP
proved May Is, 1851 and this Act Is 10
lie deemed a revocation of the authority
10 Issue the said thirty millions. The
said Bonds shall not be issued in less
sums than one hundred dollars, nor in
era, tional parts of hundr=d except
when tie subscription iss1css than one
hundred dollars. the said Bonds may be
issued in sums Of fifty dollars, They
may be sold for specie, military and
naval stores. or for the proceeds OF raw
produce and manufactured articles, III
he same manner as is provided by the
Act aforesaid and, whenever subscrlp'
tious of the same have been, or shall bc
made. payable, at particular date, the
secretary of the Treasury shall have
power to extend the time OF sales until
such Date after the raising the blockade,
as he shall SEE fit to indicate.
Sre. 3. The holders of the said Trea-
sury Notes may At any time, defHahd IN
exchange for them, Bonds Ct the CJnicd'
crate States, according 80 srch rcgula'
latious as may lee made ey tn ~ceretary
of the Treasury. But whenever the
.,.crai iFs ~ stAt r.eAsugy sfan eGVe'
tisc that he will pay "a any portion OF
the said Treasury Notes, then the PRIV
lege Of funding IA TO such notes sha'i
cease. uuless there shall be a failure u
pay the same in specie on presentation.
SFc. 1. That, for the special purpose
# paving of the principal and interest
Of the public debt, aud Of supporting
the Government, War Tax shall lie
assessed aud levied Of fifty cents upon
each one hundred doigrs in value OF the
following property ia the Confederate
stal,a. namely: Real estate Of all kinds,
Slaves. Merchandise, Bank stocks, kail'
road aud other corporation stocks :
Money at interest, or Invested ny mat
yiduals In the purchase Of bllis, notes,
au ',.t' r. ,Ga Canl.dcr,tc states Of
,''o uG''1' VI II ,,,' h,n1 or an l.nosit
.N"' 80 - Ia watches
:" ''ns' r. ,,i1ta ,,onns aud plea.
so''' az" s"s psor,5,J hnwcyer that
sI' e., ,I,a ,svable nronorty herein above
enumerated Of any head Of family, is
Of value less than $500, such taxable
property shall be exempt IRON TAXATION
under this Act aud protlded fgftAeF' that
the property Of colleges, schools ana oil
charitable or religious corporations OF
associations actual1e used Tor the Pufpo'
srs Tor which such colleges, schools cor
poratious or associations were created
shall be exempt from taxation unaef ,n ,,
Act and prsrided tarfhfr, That all pueoc
lands aud all property owned oy 7!"'e
for public purposes he exempt IRON '"A'
alton.
~. e,r ,h, nrrnosc of as.
al ,,,,naY,, ,n,.nded IN the
~, ,las.es and the yaine thereof. and
,b, n.rson ehargenble with the tax. each
c',tc sh,U constitute a tax district, over
,,h;cb sh,ll bc appointed one Chief Col
lor,or who shall be charged with the
d,.y nf dividing the State into couve-
mont number of collection districts, sub
-, o., A.. ,ov;s,i of the Secretary of
- Tnaasn,v Th, aid Collector shall
ho arnniu,ca by the Presideat, and shall
hnl1 liza office ior one wear, and receive