Daily Nashville patriot. [volume] (Nashville, Tenn.) 1860-1862, 1861-08-29

L AN ACI 10 AOIHUhlLE lSGOE Or Ahh-AobhA
NOTES, AND To PROVIDE a WAR TAX For
THEIR REDEMPTION.
Sec. 1.-The Congress nf the Confederate
States do enact, That the Secretary of the
/ Treasury be- and he is hereby, authorized
| from time to time, as the public necessities
| may require. to issue treasury notes payable
to bearer at the expiration of six months af
/ ter the ratification OF a treaty of peace be
| tween the Confederate States and the United
| States, the said notes to be of any denomina-
i ton not less than five dollars, and to be re-
/ issuable at pleasure until the same are pay
/ able; but the whole issue outstanding at one
| time, including the amount issued under for
mer acts, shall not exceed one hundred mil
/ lions of dollars; the said tax notes shall be
| receivable in payment of the war tax herein
after provided, aud of all other public dues
| except the export duty on cotton, and shall
also be received in payment of the suberip-
/ tons of the net proceeds OF sales OF raw pro-
| duce and manufactured articles.
| Sec . That, for the purpose of funding
| the said notes, and of making exchange Tor
| the proceeds of the sale of raw produce and
| manufactured articles, or for the purchase oil
| specie or military stores, the Secretary OF the
Treasury, with the assent OF the President, IL
authorized to issue bonds, payable not more
than twenty years after date, and bearing a
rate of interest not exceeding eight per cent
um per annun 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 deem
ed a substitute for thirty millions of bonds
| authorized to be issued by the act approved
May l6. 1861; and this act is to be deemed
revocation OF the authority to issue the SAID
thirty millions. The said bonds shall not be
issued in less sums than one hundred dollars,
inf fro pf a hundred. pYPpnt
when the subscription is less than one hun
dred 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 or manufactured ar
| ticles, in the same manner as is provided by
the act aforesaid; and whenever subscriptions
of the same have been, or shall be, made pay
able at a particular date, the Secretary of
the Treasury shall have power to extend the
time of sales until such date after the raising
of the blockade as he shall see fit to indicate.
Sec 3. The holders of the said Treasury
notes may at any tine demand, in exchange
for them, bonds of the Confederate States, ac-
cording to such regulations as may be made
by the Secretary OF the Treasury. But when
ever the Secretary of the Treasury shall adj
vertise that he will pay off any portion Of the
said Treasury notes, then the privilege of
funding as to such notes shall ceasa, unless
specie on presentation.
Sec 4 That for the special purpose of
paying the principal and interest OF the pub
| lie debt, and of supporting the Government,
| a war tax shall be assessed and levied OF
| fifty cents upon eacn one hundred dollars in
value OF the following property in the Con-
| federate States, namely Real estate of all
| kinds. slaves, merchandise, bank stocks, rail
road and other corporation stocks, money at
| interest, or invested by individuals in the
purchase of bills, notes and other securities
for money, except the bonds of the Confeder-
ate States of America, and cash on hand, or
on deposit in plate, pianos and pleasure car
riages Provided, however, that where the
taxable property herein above enumerated of
any head OF family is of value less than
$500, such taxable property shall be exempt
from taxation under this act; and provided
further, that the property of colleges, and
schools, and of charitable and religious cor
porations or associations, actually used for
the purposes for which such colleges, schools,
corporations or associations were created,
shall be exempt from taxation under this act;
and provided further, that all public lands
and all property owned by State for public
purposes be exempt from taxation.
Sec. 3. That, for the purpose OF ascertain
ing all property included in the above clas-
ses and the value thereof, and the person
chargeable with the tax, each State shall con-
stitute tax district, over which shall be ap-
pointed one chief collector, who shall be
charged with the duty OF dividing the State
into convenient number of collection dis
tricts, subject to the revisal of the Secretary
of TIE Treasury. The said collector shall be
appointed by the President, and shall hold
his Office for one year, and receive a salary of
$4,000. He shall give bonds, with sureties,
to discharge the duties of his Office, in such
amount as may be prescribed by the Secreta-
~ of the Treasury, and shall take oath faith
fully to discharge the duties of his office, and
to support and defend the Constitution. The
said chief collector shall, with the apprOba-
ton of the Secretary of the Treasury, appoint
a tax collector for each collection district,
whose duty it shall be to cause an assessment
to be made on or before the LIST day of No
vember next, OF all taxable property in his
district, included in each of the aboye-men-
toned classes of property, and tie persons
then owning or in possession thereof: and in
order thereto, the said tax collectors may APP
point assessors, who shall proceed through
every part of their respective districts, and,
after public notice, shall require all persons
owning, possessing, or having the care and
management IT any property liable to 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, e0nformable to
those which may be required for the same
purpose, under the authority of the respect
i've 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. 8. If any person shall not be prepar-
ed to exhibit written list when required.
aud shall consent to disclose the partica-
lars of taxable property owned or possessed
by him, or under his care and management,
then it shall be the duty OF the officer To
make the list, which being distinctly read
atri consented to, shall be received as the
list OF such person.
Sec q. That, if any person shall deliver
OF disclose to any Collector or Assessor APP
pointed In pursuance of this Act and requir-
ing list, as aforesaid any false or fraudulent
list, Win Intent to defeat or evade the valu-
alton or enumeration hereby intended TO be
made, such person, so offending, shall be
hned IN a sum not exceeding five hundred
dollars, to be recovered in any court of COM
petent jurisdiction.
Sec. 3. Any person who shall fail to deliy-
er to the Collector or Assessor list of his
taxable property, at the time prescribed by
him, shall be liable to a double tax upon ali
his taxable property; the same TO be assessed
by the Collector or Assessor, and to be col
iected in the same manner and by the same
process as is herein provided as to the single
tax.
Sec 3. The lists shall be made in refer
ence 10 the value and situation of the pro-
perry, on the LIST day of October next. and
shall be made out completed. and be deIiy
cred into the hands of the Tax Collectors ON
the 1st day OF December next; and upon the
receipt thereof, each Tax Collector NAV. for
tWenty-one days next ensuing the said first