Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-03-04

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shall be held to be the sole owner Of al
the shares in such business Of banking,
ard The same shall be- included in the
valuation OF his personal property in the
assessment OF ell taxes levied in the ossV
town, ward or school district where tfa
bank is located, and not elsewhere.
Sec. II. Be 10 further enacted, Tnat
there shall be kept at all times, Ia the
ofice where the business Of said bank or
association, organized under the authoTi-
ty of this State or the United States
shall be transacted, a full and correct list
Of the names and residences of all the
stockholders therein, aud of the number
Of shares held by each and such list
shall be subject to the inspection of the
officers authorized to assess taxes during
the business hours of each day In which
business msy be legally transacted.
Sec. IL. Be it further enacted, That
when the owner of stock in any bank or
banking association, organized under the
laws of this State or of the United States,
shall not reside in the place where tbs
bank or banking association is Located,
he revenue collector for the State,
county or corporation shall respectively
have the sans powers as to collecting the
tax to be assessed by this act as they
have by statute where the person assessed
has removed from the town, city, ward
or district in which the assessment was
made and the revenue collector, re-
ceiver OF Taxes, or other officer author
lied to receive said tax from the col
iector, mey all, or either of them, have
an action 90 collect the tax from the
awaits OF the sales of his shares of stock
and the tax on the share or shares Of
said stock shsll be and remain q lien
sE~NAaH .4fI A.. waz,ra-wF ~ znTl Ea-
Sec. IA. Be further enacted, That for
the purpose of collecting such taxes and
in addition TO any other laws Of this
State not in cor fi,ct with the COnstitu-
tioa of the United States relative to the
imposition of taxes, it shall be the duty
of every such bank or banking sssocia-
ton, and the mansging officer or officers
thereof, to retain so much of any diVi-
dend or dividends belonging to such
stockholdsr as shall be necessary to pay
any taxes assessed in pursuance Of this
set until it shall be made to appear to
such officer that such taxes have been
paid.
SEC. 10. Be IL further enacted, That
the privileges and franchises granted Dy
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 said insti-
tutlons or banks may be examined on
oath by the assessor as to the amount of
said surplus aud 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 privi-
leges and franchises.
Sec. Is. Be 1t further enacted, That
section 10 of an act to amend the raw
n u laws Of the State" passed March
Is, 1883, be SO amended as to require
magistrates to report and deposit with
the county trustee the revenue collected
by them, on the first Monday OF every
Quarterly Court, except in the counties
Davidson and Shelby, instead Of the
first Tuesday Of every month, as now re-
quired by law.
Sec. II. Be it further enacted, That
artists taking photographs, smbrotypes
or any other likeness, shall take cut 8
license semi-annually, and pay a priv
ilege tax therefor of $50 for each gallery
opened. The keeper of bagatelle tables,
used either for profit or pleasure, shall
take out 8 semi-annual license and pay q
semi annual tax for each table of SIS SO. |
Each variety establishment where the
consists Of singing, dancing
or comical representations, and other
performances not theatrical or dramatic,
shall take out g semi-annuRl license, and
pay q tax therefor Of $l25. Each person
engaged in selling patea lights shall take
q s~emi-annual license and pay a priv.
i!ege taxi therefor Of So for each county in
ne may do business, Each person
or company opening or keeping z theatre
cal establishment shall take out q semi
snnusl license aud pSy q tax therefor OF
for each establishment opened.
Each company or circus, or ~ciFcuses, and
show Of activity or strength, ex-
.%ibiting for profit, shall take out a liz
cense and pay a privilege tax Of 500 for
each day aud night Of exhibition. Each
OF patent medicines shall take
out a semi annual license and pay d tax,
aud il on q vehicle, $50. Dealers in
wines, liquors, etc, may take out
a quarterly or semi-8nnual license at the
recent rate of taxation.
Sec. II. BE II further enacted, That
l OF an scs passed March 10, 1858. |
so amended as to exempt all interest
State and corporation bonds,
owned by citizens of this State, from
.sXstion.
Sec. Is. Be it further enacted, That
s of an act passed March IS,
1858, increasing the tax on marriage lie
3enses to 81 shall not be so construed as
spply annually to such licenses.
See. IS. Be 1 further enacted, That
he penal assessment Of two, FIVE and
en- per cent. for failure to pay taxes,
Is provided in section II of sn act en-
titled an act to amend the revenue laws
IF the State, passed March Is, 1868, be
the same Is hereby repealed.
Sec. 20. Be it further enacted, That
the Comptroller of the Treasury be, and
8 hereby authoriz I'd and empowered,
the advice anu consent of the Gov
srnor, Secretary OF State and Treasurer,
% borrow, upon the faith and credit of
he State. such an amount of money as
nay be necessary to meet the demands
lpon the Treasury of the State, upon
uch terms and conditions as may be
agreed upon.
Sec. q. Be H further enacted, That
III laws and parts of laws in conflict
this act be, and the same are hereby
and this act shall take effect
md be in force from and after its pas