Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1869-03-02

from the avails of the sale of the shares O
stock and the stock on the share o
shares of said stock shall be and remain
lien thereon till the payment of said tax
SEC. IL. That for the purpose of col
iectlng such taxes, and in addition TO any
other laws OF this State not in conflict with
the constitution of the United States rel
atlve to the imposition of taxes, it shall
De the duty of every such bank or banking
ASSOCIATION, and the managing officer OF
ofhcers thereof, to retaia so much of anv
dividend or dividends belonging TO such
stakeholder as shall be necessary To nav
any taxes assessed in pursuance of this ACT
until it shall be made to appear 10 sucb
officer that such taxes have been paid.
SEC. IA. That the privileges and fran
chises granted by the Legislature of the
State to savings banks or institutions for
savings are hereby declared to be personal
property, and liable to:taxation as such in
the town, ward or civil district where they
are located to an amount not exceeding the
gross sum of their surplus earned and in
the possession of said banks or institutions;
and the officer Of such institutions or banks
may be examined on oath by the assessor
as to the amount of such surplus; and the
property of such banks and institutions
shall be liable to seizure and sale for The
payment of all taxes assessed upon them
for said privileges and franchises.
Sec. 10. That section ten of "An act TO
amend the revenue laws of The State"
passed March Is, 1868, be SO smended az
TO require magistrates TO report asd de-
posit with the county trustee the revenue
collected By them, on the first Monday Of
every Quarterly Court, except ia the
counties of Davidson and Shelby, instead
of the first Tuesday of every month, as
now required by law
Sec. l6. That artists taking photographs.
smbrotypes, or any other Likeness, shall
take out license semi-annually, and pay
a privilege tax therefor of fifty dollars for
each gallery opened. The keeper Of baga-
telle tables, used either for profit or pleas
ure, shall take out semi-annual license
and pay semi-annual tax for each table
Of $l2 so. Each variety establishment,
where the performance consists of singing,
dancing or comical representations, and
other performances not theatrical or dra-
matte, shall take out semi-annual license
and pay tax therefor of $l25. Each per-
son engaged in selling patent rights shall
take out semi-annual license, and pay a
privilege tax therefor of So for each county
in which he may do business.
Sec. II. That each person or company
opening or keeping theatrical establish
ment shall take out a semi-annuaI license
and pay tax therefor of $3.50 for each
establishment opened. Each company of
circus or cireuses and animal show of &C.
tiyity or strength exhibiting for profit
shall take out license and pay privilege
tax of 500 for each day and night Of ex-
hibition.
Sec. IS. That each peddIer Of patent
medicines shall take out a semi-annual |
license and pay tax, if on foot, of So, |
if on horseback, $40, and if in a vehicle,
$50.
Sec. 10. That dealers in spirits, wines,
liquors, ETC., may take out a quarterly or
semi-annual license at the recent rate Of |
taxation.
Sec 20. That section l Of an act |
passed March -, 1868, be 80 amended as
to exempt all interest paying State and |
bonds, owned by citizens of |
this State, from taxation.
Sec. q. That section of an act passed |
March Is, 1868, increasing the tax on mar
riage licenses to 81 shall not be so con-
strued as to apply annually to such licenses. |
Sec. %. That the penal assessment of |
two, FIVE and ten per cent. for failure to pay
taxes, etc as provided 10 section II Of an
act entitled an act to amend the reyenue
laws Of the State, passed March IS, 1868,
be, and the same is hereby repealed.
Sec. %. That the Comptroller of the
Treasury. be, and he is hereby, authorized
and empowered, with the advice and consent
of the Governor Secretary of State and
Treasurer, to borrow, upon the faith and
credit OF the State, such an amount of
money as may be necessary to meet the de.
mands upon the treasury of the State, upon
sneh terms and conditions as may be agreed
upon.
Sec. "a. That all laws aud paris OF Iaws
in conflict with this act be, and the same
are hereby, repealed; and this act shall
take effect and be 10 force from and after
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