Clarksville chronicle. (Clarksville, Tenn.) 186?-1872, 1870-02-26
LEGISLATIVE SUMMARY.
TUESDAYS PROCEEDINGS.

ing all collecting officers to make oath
as to the funds collected and pay over
the same, and directing the Comptrol-
Ter to bring suit against all delinquent
collecting officers, were concurred In.
House bill excmpting the Nashville
and Decatur Railroad from the pay
ment of the sinking fund until Jan.
], 1872, was passed on Its third read
ing. -1t5t lat ~ f.-rs !.
Senate hill to give the Superlntend-
ent of Public Instruction three months
further time to wind up the business
of his Office was passed on third read
ing. f'H
HOUSE OF REPRESENTATIVES,
House bill providing for special
com mittee to investigate the school
fund fraud and the affairs Of delin-
quent railroads was passed on III
third reading. cor - l5i .sitrsi1
Senate bill to sustain the credit Of
the State and amend the revenue
laws was discussed at considerable
length and amended so as to fix the
rate of taxation at twenty cents In
stead'of thirty cents on the hundred
dollars of taxable property, and then
DdSSttl VII It's aYtS on,
noes "a, AS ii Is probable the'Senate
will agree to the amendments made
by the House, the provisions of this
bill became important to proper
ty-holders.1 Itprovides that oil real
estate, other such as Is held In trust
for religious andscliool purposes also,
all horses, mules, cattle and hogs, ex-
ceeding 81 900 In value; also, money
III actual or constructive possession,
all moneys secured by mortgages or
deeds of trust; and money due from
solvent debtors; also, all articles OF
AGREEMENT and accounts bearing ifps
terest, except notes or bills for work
and labor done; also all shares Of
stock in any bark, Institution orcOinl
pany Incorporated by this State, and
all public bonds or stocks whatever,
other than bonds Of the United
States, and all money loaned or In
vested Mt interest In this State or any
other State or government; also,
household furniture, including gold
and silver plate, gold and silver
watches and jewelryy exceeding In
value $500; also, ail,pleasurec carriages;
all salaries and emioluments of office
above $500; together with all other
sources aud property and things now
taxable by the laws of this State,
shall be valued and assessed and sub
ject to taxation for all State and
county purposes. The rate of taxa
ton is fixed at twenty cents on the
hundred dollars. Tax collectors are
authorized to receive In payment OF
the tax 50 imposed, notes Of the Bank
ofTennessee, not declared void by the
amended Constitution OF the State
warrants on the treasury of the State;
as well rs greenbacks and specie. II
Is also provided, that hereafter no pri.
vate act of Incorporation shall have
the force and effect of law, unless the
incorpOratOrs shall have paid into the
treasury of the State the following
sums !: On every charter Of corportior
or act extending or renewing the
charter OF any bank, savings institu
tion, safe deposit company, insurance
company, whatever fire or life iron
wood, manufacturing, mining, cot
ton, wool, warehousing,- transport
ing or oil company; railroad, tele
graph, or steam vessel company, the
sum of one hundred dollars and al
other acts or charters of incorpora
ton, whatever kind of character
other than interpretations relating t.
churches and schools, or charitabl,
purposes, the sum of fifty dollars. ]
Is also provided that the Comptrolle
aud Treasurer, out of the money in
the treasury, shall first pay all war
| rants issued for the purpose Of paying
the current expenses Of the executive
judicial, and legislative department
of the State, and on account of mon
ey borrowed TO supply the pressing
demands on the treasury; then GU
Of the surplus In the treasury, pay ap
propriatiOns made tn the Asylum
for the Insane, the School for tn
Blind, and the School for the Dea
and Dumb, and the amount due com
mon schools; then to the satisfaction
, of coupons on the bonds issued direct
ly for the benefit of the state, an,
such bonds as are now due and falling
due, known ~ the State debt proper
and the remainder, whenever the sun
amounts to 100000, pro rata toward
+ the satisfaction Of past due coupon
I on the bonds of the State of any sc
ries issued for the purpose of interna
improvements. The provisions ofth
. bili are mnie to apply to the assess
ments for 1870. .fgd0irl sir V...H
Senate bill TO preserve the peac
: and protect the lives Of citizens wa
passed ON its third reading, ayes 3;
noes 80.