The Union flag. [volume] (Jonesborough, Tenn.) 1865-187?, 1869-03-19


amended as to impose a privilege Ia,
OF one hundred dollars UPON ali deal
ers in spirits wines, ale, beer or othe
malt liquors, in addition 10 the preseh
taxes on merchants, and the duty o
taking ont license.
SEC 6. Be it further enacted, fha
section of said act of March 10. 1868
in so far as the same relates to, o.
affects express companies, be amended
as follows, to-wit; All express chm
panies shall take out ali anndal License
and pay d tax therefor Of five hundred
dollars, where the distance over whicl
their lines extend is one hundred miles
or less I and when their lines extenC
over q distance of more than one bun
dred miles, such tax shall be one thou
sand dollars; and any express com
pany which has taken, or may take
out license, and pay the tax rravidec
for in this act, shall not be required
by any county or corporation in thi,
State to take out any other or addi.
tional tax for the privilege Of conduct
ing its business in such county or cor.
poration.
SEC. 7. Be it further enacted. That
section 5 Of said act of March I3, 1868
in so far as the same affects telegraph
companies, be amended as follows, TO-
wit: All telegraph companies shall
take out semi annual licenee on the
frat days of January and July in each
year, and pay a tax therefor of two
hundred and fifty dollars; and that
the tax shall be in lieu of all other
State, county or municipal taxes.
SEC. 5. Be it further enacted, That
the Comptroller Of the State Of Ten
nessee is hereby instructed to inform,
BY circular or otherwise, all County
Court Clerks Of the State Of all chan.
ges of law pertaining to the revenue
and finances of the State, as such laws
are amended, made or passed.
Sec. 9. Be it further enacted, That
no tax shall hereafter be assessed upon
the capital OF any bank or banking
association, or joint stock company,
organized under the authority of the
State, or of the United States but
the stockholders in such banks and
ba hiking associations, or other eorpo-
rations, shall be assessed and taxed on
the value Of their shares OF stock
therein Said shares shall be included
in the valuation of the personal pro-
perty of such stoekholder iii the as
sessment of State, county 6f thunici-
pal taxes at the place, town, ward or
district where such bank or banking
association, or other corporation is To-
Gated, and not elsewhere, whether the
said stockholder reside in said place,
town, ward, or district. or not, but not
at greater rate than is assessed upon
bther monied capital in the hands of
individuals In this State and, prou.
ied, further, that nothing herein con-
Lained shall be hold or construed to
exempt from taxation the real estate
held or owned by any shch bank or
banking assoeiationj but the same
shall be subject to State, county, thu-,
nicipal or o. her taxation, To the same
extent and rate and in tho same man
ner az other real estate is taxed.
SEC. IL. Be It further enacted, That
,very individual banker, doing bank
ng business under the laws of this
State, is hereby requested to declare,
lpon oath, before the assessor, the
lmount Of capital invested in such
banking business, and each one hun
ired dollars Of such capital, for the
purpose Of this act, and for the pur
pose of taxation, shall be held and
regarded as one individual share in
,uch banking business, and such shares
ire hereby declared to be personal
If such banker has part
lers, he shall declare, upon oath, be-
ore the assessor, the number Of shares
,eld by each Of them in such banking
business, ascertained AS above provi-
led and the shares so held by any
partner shall be declared in the yalu.
.tion of his taxable property ia the
assessment of all taxes levied in the
iity, town, ward or school district
where such individual banker is loca-
ed, and not elsewherej and such in
liyidual banker shall pay the same,
md make the assessment so paid d
iharge in bis account with such par.
les, and IL such individual banker
bali have no partners, he shall be
leId to be the sole owner Of all the
hares in such business Of banking,
md the same shall be included in tho
'aluatiou Of his personal property in
be assessment OF all taxes levied IN |
he city, town ward or school district |
vhere bis bank is located, and not
/
SEo. IL. BE It hrther enacted, That
here shall be kept, at all tlmes, in the
fico whore tho business Of said bank |
r. association, organized under tho |
uthoriiy OF this State or the United !
itates, shuh be tfansaeied foil and
orrecs lee Of tho names and residcn-
es Of all the tott.hoiders therein,
nd Of the number of shares held BY |
ach ) and such llet shall DO subject