New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-03-26
iii Imprisonment shall never exceed one

sail imprisonment shall never exceed one
month.
Twentieth-To levy an equal and uniform
tax for the purposes Of this act, upon all
property, real aud personal, in said city, I'M
der assessments thereof, to be made in the
manner said Council shall prescribe, aud to
provide for its collection; but said tax, ad-
ded to the consolidated loan tax and to the
| special tax, for the payment OF the annual
interest On the bonds issued by the city for
| subscription to the stocks of the New Or.
leans, Opelousas and Great Western Railroad
Company, the New Orleans, Jackson and
Great Northern Railroad Company, and the
| Pontchartrain Railroad Company, and the
! interest on the ten per cent bonds, and the
| interest on seven per cent bonds issued by
| the city of New Orleans, shall not in the ag-
| gregate be more than one dollar and seventy
five cents on the one hundred dollars OF
| valuation annually, except in case of inva-
| sion Or insurrection, provided it be suffi-
cient to pay the interest on the consolidated
| debt and railroad bonds issued by the city
of New Orleans and also for the purposes OF
this act, to levy, impose and collect license
tax upon all persons pursuing any trades
profession or calling, and to provide for its
collection; and said license tax shall net be
construed to be a tax on property.
| SEC. Ii. Be it further enacted, etc.. Ihat
all real and personal property in the city OF
New Orleans, whether owned by individuals
or corporations, shall for the purposes OF
this act, be liable 10 taxation subject to the
| exemptions specified by this act.
SEC IA. Be it further enacted. etc., That
| the term real property" as used in this act,
| shall be construed to include land, and all
| buildings, machinery and structures of every
| kind, erected upon or affixed to the same.
| The term personal property shall be con-
strued to include all household furniture,
| moneys, goods, capital, chattles, incomes,
debts due from solvent debtors. whether on
| account, contract, note, bond, mortgage.
certificate, or any other obligation, public
stock and stocks in corporations, moneyed
| or otherwise, any general property which is
| not real. The term Income" shall be con-
| strued to include, and be confined to all
moneys, salaries, wages, pay, commissions,
| brokerage and fees received in compensation
for services or labor rendered, and all rev.
| enues and dividends received upon stocks
in moneyed corporations, not taxable under
| this act,
SEC. Is. Be it further enacted, etc., That
the following shall, for the purpose of this
act, be exempt from taxation:
| First-All property, real or personal, ex-
empted from taxation under the constitution
and laws of this State or of the United
! States.
| Second-All property, real or personal, be-
| longing to this State, or the United States,
! or the corporation of the city of New
| Orleans.
Third-Every building erected for the use
of a college, Incorporated academy, or other
| incorporated seminary of learning; every
building for public worship, and the several
lots wherein such buildings are situated, to-
gether with the furniture belonging to the
| same; provided, that the exemp-
ton from taxation of every build
ing erected for the use of college,
academy or other incorporated seminary OF
learning, and Of every building for public
worship, shall not extend or apply to any
such building or premises, unless the same
| shall be exclusively used for such purposes,
and unless the same shall be exclusively
the property of an incorporated or religious
society.
Fourth-Every poor-house, alms-house,
cemetery. house of industry, and every
house belonging to a company incorporated
for the reformation Of offenders, or for the
refuge of the poor, and the several lots of
ground wherein such houses are situated,
together with the furniture belonging to the
same, and all halls or edices of Masonic,
Odd Fellows and other charitable societies
Fifth-All real and personal property OF
every public library.
Sixth-Each and every income which
shall not exceed one thousand dollars q
year, and household furniture to the value
of one thousand dollars; provided, that no
income up to the first thousand dollars shall
be taxed.
Seventh-The bonds issued by the city Of
New Orleans known as the consolidated
city bonds, issued in payment of the con.
solidated debt Of the city of New Orleans.
SEC. 16. Be it further enacted, ETC., That
the owner or holder of stock in any incorpo-
rated company, taxed upon It's capital, shall
not be taxed rs an individual for such stock;
and where stocks held by the State, or by
the city of New Orleans, are exempted from
taxation, said exemption shall be for the
benefit of said State or city, and not for the
| hoDaft of the institution the cOrnOratlQO
in which said stocks are held. And any
moneyed Or stock corporation, deriving
profits from its capital, or otherwise, shall
add t.. the dividend which shall
be declared upon any stock owned by
the State or city Of New Orleans, !.
sum equal to the assessment for taxes paid
upon an equal amount of the stock OF such
corporation, not exempt from taxation.
And no tax. shall be levied on such corpora
tions as are now, by their charters, exempt
from taxation.
SEC. II. Be it further enacted, etc., That the
Commissioners of the Consolidated Debt Of
the CITY shall be the Mayor, The AdmMistra-
tor of the Department of Finance and the
Administrator of the Department of Public
Accounts, who shall perform all the func-
tions, and be vested with ali the rights and
powers heretofore vesting under previous
acts. in the Mayor, Controller, Treasurer
and chairmen Of the Finance Committees Of
the Boards of Aldermen and Assistant Al
dermen; and all rights heretofore vesting in
the holders of the consolidated bonds Of
the city of New Orleans, and all other
bonds issued by the city Of New Orleans,
under previous laws, are hereby specially
y reserved.
SEC. Is. Be it further enacted, ETC., That
:, the Council of the city of New Orleans
shall, for the purposes OF this act, once at 8
regular meeting IN the month of December.
, and not oftener, in each and every year, lay
, an equal and uniform tax upon all real and
personal property in said city, as prescribed,
and under the limitations imposed in this
) act for the ensuing year, which said taxes
shall be due and payable at the Office Iof
thel department OF finance, from the first
day of March to the twenty-frst day of
July, inclusive; and at it's first regular
meeting in December, and On the same day
, annually thereafter, shall impose an annual
; license tax on trades, professions and call
t iDgs, as herein prescribed, said licenses to
1 expire on the thirty-frst day of December,
{ ! in the year in which it was obtained, and
which license tax shall be due and payable
/ at the Office of the finance department from
the first day of January to the twenty
f eighth day of February, inclusive.
4 Sec. 10. Be it further enacted, etc., That
I the Council shall, once in every twelve
t mouths, before fixing and deciding upon the
amount OF taxes and licenses to be assessed
= for the ensuing year, cause to be made out
a detailed estinass exhibiting the various
8 items OF liabilities and expenditures, includ-
i ing the requisite amount for contingent eX-
penses during said year. and shall cause the
: same to be published, for at least ten days,