Fayetteville observer. [volume] (Fayetteville, Tenn.) 1850-1966, 1868-04-30

tions except menageries and cir
cuses, shall take out license, and
for each days performance shall
pay tax of five dollars; provid
ed, Theatre companies shall pay
a tax of two per cent. per annum
on their gross receipts in lieu of
all other taxes, payable monthly
to the Clerk of the Court of their
respective counties.
Telegraph companies shall take
out a semi-annual license, and pay
therefor q tax of five hundred
dollars.
Express companies, five hun,
dred dollars, where the distance
travelled is less than one hundred
miles; over one hundred miles,
one thousand dollars annually.
All internal improvement com
panies that have failed to pay the
interest and provide the sinking
fund for the redemption of State
bonds issued in their behalf, shall
pay semi-annual tax on the 1st
of June and 1st of December, to
the Comptroller of the State of
one-fourth of one per cent. on the
gross receipts Of the earnings of
all such companies.
The business of banking, wheth-
er by banks chartered by this
State or by authority of the Uni
ted States: sixty cents on the one
hundred dollars of the capital
stock, which includes the school
tax: and the said banks shall re-
port, specifically, the amount of
their capital stock on the first of
April in each and every year and
pay the tax imposed by-this act.
Sec. 6. Be it further enacted,
That each Justice of the Peace;
who in the discharge of his ,du-
ties as Assessor of taxable proper
ty in any incorporated city or
town, shall, in any case, re-
fuse or neglect to perform any
duty enjoinsd upon him by law,
or who shall consent to or connive
at any evasion, whereby any pro-
ceedings required by the tax laws
of this State, or relate to the col
lection of taxes, shall be prevent
ed or hindered, or whereby any
property, capital or income requlr-
ed to be listed for taxation by
this or any other act, shall be un-
lawfully exempted, or the valua-
ton thereof be entered on the tax
list at less than its actual true val
ue in cash, shall for every such
neglect, refusal, consent, or connl-
vance, forfeit and pay to the State
not less than fifty dollars nor more
than five hundred dollars, at the
discretion of the court, to be re-
covered in the name of the State
by the Clerk of the County Court.
Sec. 7. Be it further enacted,
That sections 643, 644, GAS, GAG,
and CAT of the Code be, and they
are hereby repealed.
Sec. S. Be it further enacted,
That the proviso to section 5 of
chapter s, Of the acts of 1859
and 1860. passed March 22nd,
1860, relation to billiard tables,
ETC., be, and the same is hereby
Sec. 9. Be it further enacted,
That it shall hereafter be the du
ty of the Clerks and Collectors
charged with the collection Of the
of the State, on the first
day of December, March, June,
and September, of each fiscal year,
to make a statement, under oath,
to be forwarded Immediately to the
Comptroller of the State, setting
forth the amount collected by him
or them, specifying the items OF
taxation from which the amount
has been collected, and to deposit
the said revenue as often as four
times year. Said deposits shall
be made by the first day of De-
cember, March, June, and Sep.
tember, Of each fiscal year,
with the depository at Knoxville,
Nashville and Memphis, to the
credit of the Treasurer of the
State of Tennessee as hereinafter
provided, and the officer making
the same shall take a certificate
of deposit in triplicate, and forth
with enclose one to the Comptrol-
Ter and one to the Treasurer, re-
tanning one for his own protection.
Sec. 10. Be it further enacted,
That all Clerks of the various