The western Democrat. [volume] (Charlotte, N.C.) 1852-1870, 1861-03-05

Oectlon l.. That an "Act entitled Revenue"
which was ratified on the 10th day of Feb, 1859,
be amended in the following manner, to wit: In
addition to the exemption specified in section 25,
there shall also be exempted from taxation all such
property and estate, and their profits, as may be-
long to State and County Agricultural Societies,
and be set apart and used by them for agricultural
fairs, and all 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 g. The amendments under schedule A shall
be as follows
l. Real property, with the improvements there
on, including entries of land shall be taxed annual
ly eighteen cents on every hundred dollars of its
value.
2 The provisions of paragraph shall be con-
strued to extend to interest received or accrued
upon the subjects therein named, whether held in
ones own right, guardian, executor, admin
strator clerk and master of any court, trustee
or agent OF any kind whatever, and the person or
persons holding any such subject of taxation shall
list the same for taxation.
3. Every resident of this State, owning any
onds of the State Of North Carolina, issued after
the ratification of this Iac shall be liable to tax
Of four cents every dollar of interest received
from such Investment.
4. Paragraph shall be amended as follows
Every dollar of nett dividend or profit not pre-
viously listed, declared received, or due on or be-
fore the first day Of July in each year, upon money
or capital invested in shares in the Bank of Wash
ington, the Merchants Bank of Newbern, the Bank
OF Wadesboro', the Bank ofFayetteville, the Com
mercial Bank of Wilmington, the Farmers Bank
Of fNorth-Carolina, the Bank of Charlotte, and the
Bank of Yanceyville, shall pay annual tax Of cts,
and in shares in all other banks, in any other in
corporation or trading company, in steam vessels
nf fxUan h,,r1o
And any person listing any dividends of profit of
the banks herein specially named, shall be re-
quired 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 from
which said dividend is due or has been received.
5. Every resident surgeon Dentist physician,
lawyer, portrait or miniature painter, daguerrean
artist, or other persons taking ikenesses of the
human face; every commission merchant, factor,
produce broker, and auctioneer; every State and
county officer Except judges Of the supreme and
superior courts;) every president and cashier Or
treasurer of any bank, railroad or other incorpor
ated company, whose annual total receipts and
income in the way of practice, salary, fees, wages
perqusites, and emoluments, amount to or are
worth 5000 or upwards, one per cent. on such
total receipts and income; and so much of para
graph l6 schedule A. as imposes tax upon per-
sons other than those herein named, is hereby re-
pealed.
6. The tax imposed by paragraph IL upon
qours, wines, and cordals shall hereafter be four
per cent. And this paragraph so amended is hereby
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 pre-
scrlbed in case of merchants tax.
Z. 10 facilitate the collection of the tax on col
aterals, every executor or administrator shall re-
turn in his inventory whether the estate of the
deceased goes to the neal or collateral relations or
stranger and if to collaterals the degree of re-
of such collateras to the deceased un-
der penalty of one hundred dollars to be recover
ed in the name and for the use of the State
SCHEDULE B.
Sec. ]. The amendments under schedule B. shall
be as follows:
l. Every money or exchange, bond or note
broker, private banker agent ofa foreign broker
or banker, shall pay the sum Of five hundred dol
lars for each county in which he has an Office or
place OF business and every person acting for such
broker, whether with or without compensation, |
shall be held aud deemed broker to all intents
and purpose in the place or county in which he |
shall act, and shall be liable for the above tax
2. Every person who is not resident of this
State who shall come into this State in the capa
city of or as agent for broker, and with the in
.entlon OF exercising any of the functions of |
money or exchange broker, shall pay the sum of
five hundred dollars in each and every county in
which he shall act broker, which tax shall be |
collected by the sheriff of the county and be ac- |
counted for as other taxes
g. Every person who shall propose to act as a
broker, according to the foregoing section, shall
pay the tax to the sheriff of the county in which |
such brokers' business is to be transacted and take
a license for the same, which shall authorize him |
to act as broker for year; and any person who |
shall act without such license shall forfeit the sum
Of fifteen hundred dollars, to be recovered by the |
sheriff of the county where such tax may be due,
one-third of which shall 60 to the sheriff, and the
and such person so offending shall be guilty of /
misdemeanor.
4. Every nonresident merchant, drummer or I
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. the gross
amount OF such sales made in any one year, and
shall, before making such sale, obtain written
license from the sheriff of the county in which he
proposes to do business, which the sheriff is au-
.horized to issue whenever such person shall give
bond with security in the sum of FIVE, hundred /
dollars for the payment of the tax hereby imposed
1t the time and under the same rules and reouIa
ions as are prescribed for the payment of mer-
,Eants tax; and every person violating the provis
ons of this paragraph shall be liable to a penalty
,f i've hundred dollars, to be collected by the
sheriff, four hundred dollars of which shall be ac-
counted for and paid as other State taxes, and he