Nashville union and dispatch. [volume] (Nashville, Tenn.) 1866-1868, 1866-12-09
THE STATE REEEKUE...rAyEs.
An Act 10 Increase the Revenues Of
the Stale, and Aueaa Ihe Easss re-
lntfua tTfercto

are hereby amended, IS provided Ia tht
following eeciians:
Sec. 2. Merchants of all kinds, whether
wholesale OF retail, or forwarding. storage,
or commission merchants, or combining in
their business any number OF these branche.
Of trade, shall. in lieu Of the tax heretofore
levied, in al cases whore the capital EN-.
ployed IN such business, by the person OF
company. shall be $1,000 or more, pay for
each individual 20 engaged, as an owner OF
proprietor, SO aad in all cases where the
capital 50 employed, shall be less than
$4,000, shall pay for each individual, 80
engaged, twenty-five dollars; aud Ia either
case, such merchant or Co partnership, shall
pay, IN addition 10 the above, on obtaining
license, one per cert upon the capital in
vested in such business, 70 be used therein
at any time during the ensuing year, or
agreed or determined TO be SO invested, in
cluding any money borrowed for a term Of
more than four months, and not including
profits anticipated And each such mer-
chant, who may sch goods, wares or mer-
clandise on commission, shall pay one
foarih Of one per cent upon al such saies
10 be paid ta,ths Clerk Of the County Court
mi-annualiy. Small shop-keepers using
a capital not exceeding 500, shall pay $40
for each establishment, and one per cent. on
the capital invested.
See 3. The business Of selling goods,
wares, household goods, or merchandise at
auction, by merchants, shall be a special
privilege, for which an additional tax shall
be paid, Of Sl00.
Sec. 4. Any person offering for sale
goods. wares or merchandise, on behalf Of
any merchant, manufacturer, or trader,
whose place Of business is in any other
State. shall FIRST obtain a license from the
County Court Clerk, in each county IN
which he may offer goods for sale, or solicit
or receive orders therefor, paying for the
same 500 for the first county, and 500 for
each additional county and like tax may
be levied for this privilege by any county
OF incorporated town. But the licenses
herein provided for shall not be transierra-
bic, or % be used by more than one and
the same individual and the sale Of goods,
or the receiving Of an order therefor, con
trary 10 the intent and provisions Of this
section, shall be a misdemeanor, punisha-
bic by lne Of $50 for each and every
such ollense-one half Of such fine 10 60 to
the infnrmer.
Sec .. All transportation companies or
ganized for the transportation OF freight 10
points beyond She State, shall pay TO the
Comptroller $500 per annum on taking ont
license 10 carry on their business in any
part Of This State. Bot this provision shall
not apply 10 railroad companies giving
bills Of lading over their roads within the
State, and 20 The termini thereof in other
States nor 10 railroad companies making
through freight arrangements among them
selves without the Intervention OF separate
organizations nor 10 steamboats, giving
hllso lading from any port b any otheS, on
ahy river Provided, That transportation
companies now known as express cOmpa-
mics, shall be taxed n heretofore provided
by law.
Sec. 8. All agencies Of receiving and for
warding houses or establishments in other
States. doing business by their agencies or
Otherwise, within this State. shall obtain
license from she COmptroller and pay
therefor the same as transportation compa-
MES And any violation of the provisions
Of this, or the next preceding section, shall
be punishable by fine Of $50 for each and
every such violation.
Sec. Z. Be it enacted, That insurance
and al agencies of insurance
companies whether chartered by this or
any other State, shall, before they com
mence business in this State, obtain H.
ccnso from che Comptroller, paying there
for the sum Of $500 per annum for each
company. Provided, That each company
shall make a semi annual statement Of the
condition of such company, and obtain a GER
iilicate ior each sab agent, As now required
by law
Sec. s. BE il further enacted, That each
company shall pay 10 the Comptroller
teo and one-half per cent upon the
af0im amount Of premiums and premium
notes received during each term Of six
months, and that the principal agency,
and each sub-aCent shall report TO the
Comptroller semi-annually, on the first Of
January and July of each year, the gross
amount Of premiums and premium notes
received az their agency. And that the /
Comptroller take a bond from each COM
panv in the sum Of five thousand dollars, /
for the faithful paying of the |
per cent on premiums, as provided in this |
act, and for which the Comptroller shall /
be allowed the fee Of one dollar, 10 be paid
by the applicant Il shall be the duty Of |
each agency OF sub-agent, 10 file in the /
Office Of the Clerk Of the County Court of /
each county, copy Of their authority to |
transact business in such county, to be /
kept by him for public inspection.
Sec. 8. Be il further enacted, That all /
laws requiring insurance companies 70 de- /
posit with the Comptroller twenty thousand /
dollars in State or other stocks, be, and the
same are hereby repealed
ii :.
money, notes. or bills Of exchange, shall /
pay as a privilege tax for each company,
agency, or Office, one hundred dollars an
nually, and one per cent per annum upon
de capital invested, and one-half Of one
per cent upon the amount Of undrawn de- |
posits during each term Of six months.
Sec. II. Agencies Of bankers or brokers,
where the principal office Is located with |
out the limits Of the State, shall pay one
hundred dollars annually; and at the end
of each six months, shall pay one-twentieth |
Of one per cent. upon the gross amount Of |
an notes and bills Of exchange discounted. |
and Of stocks or bonds bought and sold |
and one-half Of one per cent. upon the |
average amount Of undrawn deposits held |
by such agency during said term.
Sec. -. In all eases where license Is 20 /
be procured from the Comptroller, under i
the provisions Of this act, the person or
agency procuring such license, shall present 4
the same 10 the Clerk Of the County Court /
in every county in which the business /
nnder suoh license, may be carried on, who
shall preserve a copy thereof for public
And in all other cases the
license shall be obtained from said Clerk: /
and in ali cases where payments are to te /
made upon commission sales, deposits. pre- /
MUM, discounts, sales Of stocks or bonds, /
o. upon any other results Of future business |
the Clerk shall require sufii- /
cent bonds and securities, for the rendering /
Of all necessary accounts for the faithful |
Of The provisions and intent |
of this act, ard ior the payment Of the tax |
lk;reon. And all such accounts shall be |
made on oath or affirmation. And any
failure Of the Clerk actually TO administer |
such oath shall be misdemeamor, pun
ishable BY a ine Of Gty dollars in each |
case.
Sec. l3 Merchants shall also be obliga-
ted by bond, 20 be required by the Clerk, |
on taking out license, "a render an account |
AZ the close Of the year, OF any additional !
capital invested during the year, IN their
business, and for The payment Of one per |
cent thereon but this shall not apply 10 !
profits accrning in the regular ccNrse of |
businoss, until the beginning OF The next
ensuing year, aiter which time, all such
profits acCumuloted in aprevious year, shall |
be included IN The gross amount of capital
10 be taxed. And in all Gases In taking
oui license, each partner Of firm OF mer-
chants shall make oath Of the amount Of
capital invested, which may be made in
person, before the Clerk. or BY affidavit
properly aitested. And in all other cases
where oaihs are % be taken, or aiidaviis
iled, under DE provisions Of this act such