Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1870-02-23
EHE LEGIsLATURE YESTERDAY.

House resolutions requiring all collecting
officers 20 make oath as to the funds col
lected and pay over the same, and directing
the Comptroller to bring suit against all
delinquent collecting officers, were con-
CURED in.
House bill exempting the Nashville and
Decatur Railroad from the payment of the
sinking fund until Jan. l, 1872, was passed
on its third reading.
Senate bill to give the Superintendent OF
Public instruction three months further
time TO wind up the business of his Office
VS. passed or its third reading.
HOUSE OF REPRESENTATIVES,.
House bill providing for special COM
lnittee to investigate the school fund fraud
and the affairs of delinquent railroads was
passed on its third reading
Senate bill 70 sustain the credit of the
State and amend the revenue laws was dis
cuSsed at considerable length and amended
so as 10 fix the rate OF taxation at twenty
cents instead of thirty cents on the hundred
dollars of taxable property, and then passed
on its third reading ayes 80, noea "a. As
It is probable the Senate viii agree to the
amendments made by the House, the pro-
visions of this bill became important to pro
perty-holders. II provides thatal real estate,
other than such Us is held in trust for re-
hgous and school purposes; also, all
horses, mules, cattle and hogs, exceeding
~ 900 In value; also, money in actual OF
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 interest,
except notes or bills for work and labor
done; also also all shares of stock in any
bank, institution or company incorporated
by this State, and all public bonds or
stocks whatever, other than bonds Of
the United States, and ali money
loaned OF invested at interest in
this State or any other State or govern
ment; also, household furniture, including
gold and silver plate, gold and silver
watches and jewelTy, exceeding IN value
$500; also, all pleasure carriages, all sala-
nos and emoluments of Office above $500:
together with all other sources and properly
and things now taxable by the laws of this
State, shall be valued and assessed and
subject to taxation for all State and county
purposes. The rate of taxation is fixed at
twenty cents on the hundred dollars. Tax
collectors are authorized to receive in
payment Of the tax so imposed, notes of
the Bank of Tennessee, not declared void
by the amended Constitution Of the State;
warrants on the treasury Of the
State, as well as greenbacks and
@ecie. It is also provided, that here
after no private act of incorpora-
ton shall have the force and effect of law,
unless the incOTporators shall have paid
into the treasury of the State the following
sums: On every charter Of corporation or
act extending or renewing the. charter Of
any bank, savings institution, safe deposit
company, insurance company, whether fire
or life; iron, wood, manufacturing, mining,
cotton, WOOL warehOusing, transporting or
oil company; railroad, telegraph, or steam
vessel company, the sum Of one hundred
dollars; and all other acts or charters of in
corporation, of whatever kind of character,
other than interpretations relating to
churches aud Schools or charitable pUrpO-
ses, the sum Of fifty dollars It is also
provided that the Comptroller and
Treasurer, out Of the money in the
treasury, shall first pay al warrants
issued for the purpose Of paying the
current expenses Of the executive, Judi
cial, and legislative departments Of the
State, and on account Of money borrowed
TO supply the pressing demands on the
treasury; then ont Of the surplus IN the
treasury, pay appropriations made to the
Asylum for the Insane, The School for the
Blind, and the School for the Deaf and
Dumb, and the amount due common
schools; thea to the satisfaction Of coupons
on the bonds issued directly for the bene-
it Of The State, and such bonds as are now
due and falling dae, known as the State
debt proper; and tho remainder, whenever
the sum amounts to Si00, O0G, pro rata to-
wards the satisfaction Of past due coupons
on tie bonds ofthe State Of any series IS
saed for the parpose of internal improv-
mcuts. The proTisio1soE the bin areHaio
20 apply to the assessments for 1870
Senate bill 10 PreserTe The peace and
protect the lives Of citizens was passed on
- tli-l ral5ing, ayes B, noes 30.