Arkansas true Democrat., 1862-01-16
No. 3l1.

AN ACT further supplementary to an act to au tholize the issue of Treasury Notes, and to pro-
 vide war tax for their redemption.
 Src. l. The Compress of the Confederate States of America do enact, That the secretary of the Urea sury is hereby authorized to pay over to the era banks, which have made advances to the govern ment in anticipation of the issue Of treasury notes a sufi cient amount, not exceeding ten millions of dollars for the principal, of treasury notes to pay the principal and interest due upon the said advance according to the engagements made with them. SEC 7. The time fixed by the said act, for which this act is further supplementary, for making as signments, is hereby extended to the first day of January next; and the time for the completion and delivery of the lists is extended to the ErSt day of February next; and the time for the report of the said lists to the chief collector 5 extended to the first day of March next; and in cases where the time thus fixed shall be found insufficient, the se- cretary of the treasury shall have power to make further extension as circumstances may require.
 SEC B. The cash on hand, on deposit in bank, or elsewhere, mentioned in the fourth section Of said act is hereby declared to be subject to assess ment and taxation; and the money at interest or iny ested by individuals in the pur hase of bills, notes, and other securities for money, shall be deemed to include securities for money belonging to non residents, and such securities shall be turned, and the tax thereon paid by any agent or trustee having the same in possession or under his control The term merchandise shall be construed to include merchandise belonging to any non resi- dent and the property shall be returned, and the tax paid by any person having the same in posses sion as agent, atto.ney or cOnsignee Provided that the words |" money at interest,"" as used in
 'e act to which this act is all amendment, shall be ~ . anstr ed as to include all notes other eyi 1oncee of debt, bearing interest without reference t1 tho co Qsderation of the same. The exception allowed by the twentieth section for agricultural nrodncts sba T be construed to embrace such pro- ducts only when in the hands of the producer, or bad for his account. But no tax shall be assessed nr Iav;ad on any money at interest when the note. bond b;I1 or other security taken for it's payment shalI ha uorteiess from the insolvency and total inabrv to pay O. the payer or the obliger, or per enn IiahIe 10 make such payment; and securt ties f,r money taxable under this act shall be assessed according to their yalue ant the assessor shall have the same power to ascertain 'he Value oi such 'e- curities as the law conier5 upon him with respect to other property.
 SEC. f. That an amount of money, nat exceed ino twenty-five thousand dollars, shall be- and the same is hereby, appropriated, out oi any money ln the treasury not otherwise appropriated, to be ds bursed under the authority of the secretary oi the treasury to the chief state tax collectors, Tor such expenses as shall be actually incurred for salaries of clerks office hire stationery and Incidental charges; but the books and printing required shall be at the expense of the department, and subject to it's approval.
 SEC :. The lien for the tax shall attach from the date of the assessment, and shall follow the same into every State of this Confectionery; and in case any perscn shall attempt to remove any property which may be liable to tax, beyond the jurisdiction of the State, in which the tax is payable, without payment of the tax, the collector of the district may strain upon and sell the same, in the same manner as is printed in cases where default IS made in the payment of the tax.
 SEC 6. On the report of any chief collector, that any county, distrlcr, any pirt thereof Is occupied by the public enemy, or has been So occu- pied as to occasion destruction of crops property, the secretary of the treasury may suspend the col lection of the taxes in such region until the same can be reported to Congress and it's action had thereon.
 SEC. :. In case any of the Confederate States shall undertake to pay the tax to be collected within it's limits, before the time which the district col lectors shalt enter upon the discharge fthersdues, the secretary of the treasury may suspend the ao- pointment of such collectors, and may direct the chief collector to appoint assessors, and to take proper measures for the making and perfecting the returns assessments and lists required by law; and the returns, assessments and lists so made shall have the same legal validity to all intents and pur poses, as if made according to the provisions of the act to which this act is supplementary.
 SEC. g. That tax lists already given, varying from the provisions of this act, shall be corrected so as to conform thereto.