Clarksville chronicle. (Clarksville, Tenn.) 186?-1872, 1870-03-05

The Revenue Law. as passed BY tn,
General Assembly, is Ms follows:

General Assembly, is rs follows:
credit OF the state and 70 amend the row
enue laws y the state. and for other pur-
poses"
Section 1. BE It enacted by the
General Assembly OF the, State Of
Tennessee, That from and after the
passage OF this act all real estate
other than such as IL properly ex-
emptesi from taxation by section 5l2
Of the Code; also all personal prop
erty to-wit: Stations, mares, geld
irgs, mules, jacks, jennets, neat cat
tie, sheep aud hogs, exceeding In
value the sum Of one thousand dol
lars; also all moneys secured by
mortgage or deed of trust, money In
actual or constructive possession,
money due from solvent debtors,
whether by bond, bill single, pro-
missory notes or Judgments also all
articles OF agreement for the pay
ment Of money or accounts on SOL
vent parties, bearing interest, owned
or possessed by any person or persons
whatsoeveF, except notes or bills for
work and labor done; also all shares
OF stock In any bank, institution or
company now or hereafter incorpor-
ated by or in pursuance Of any law
Of this State, or Of any other State;
and all public bonds or stocks what
s,ever, other than bonds Of the
United States, which, by the laws Of
the United States, are expressly ex-
empt from taxation on incomes
from bonds and stocks which are
exempted from taxation by the laws
Of the United States or Of the State
OF Tennessee, and all money loaned
0r Invested 1T interest In this State,
or any other State or Government,
Including money Of orphans, lega-
tees and distributes, under twenty
one years Of age, where the respec-
tive amounts belonging to each lega-
tee or distributee are over 81, 900 |;
also all household and kitchen ftirni-
ture, including gold and silver plate,
owned by any person or persons, c0r-
lporation or corporations, where the
value thereof shall exceed the sum of
$500; also gold and silver watches
and jewelry, all pleasure carriages
and buggies Of two or four wheels,
upon their actual value; all salaries
and emoluments or fees of Office,
when the amount exceeds $500; to.
gether with all other sources aud
| property, real and personal, now tax
able by the laws Of this State, ex-
cept what Is exempted by this act,
shall be valued aud assessed and sub
ject to taxation for all State and
county purposes.
Sec. 2. Be 1t further enacted,
That there shall be assessed and col
iecteu for state purposes on the value
OF the property, enumerated above,
anu upon the capital, ~ now defined
W law, or oil persons engaged In
trade, whether rs merchants. COM
mission merchants, grocers, dealers
In liquors, or other occupation look
Ing TO the purchase and sale OF Arti-
Giles for the use or benefit OF the seller
or buyer, the sum or twenty cents on
perry ana capitai OF all persons en-
gagged In trade, 80 assessed ana val
ued ann the several tax collectors
OF tho state snail receive, In pay
ment or the tax so assessed and lev
nessee, not rendered void by the
amended Constitution or laws OF the
state OF tennessee coupons OF the
1
oHereu IN payment, on the ponds OIL
the State OF tennessee; warrants or
the Treasury legally outstanding IN
the hands OF the person To whom Is
sued ana unpaid, gold ana silver
United states legal tender notes, ane
n atioliai Bank notes. u.la
|. sec. D. BE IL urtner enacted,
T mat hereaiter no private act OF IN
corporation Ia Inis state shaii nave
, the force ana erect OF a law, unies'
the ihc0rporators or persons asking
ana requiring the same shall nav'
PAID into the treasury OF the Stat'
= the ioliowing sums:
|, On every cnarter OF incorporation
? or act extending or renewing tht
charter Oh any n.hK, saving institu
) ton, safe deposit company insur
ahce company, whether nre, marine
/ or lie; IRON, wood, manufacturing
/ mining, cotton, woh, warehoustng
! transportation OF oil company, rail-
/ road, telegraph, or steam vessel com
1 pany, the sum OF nfty doliarsi ant
: all other acts or charters OF incorpo
! ration, OF Whatever KIND or charac
D Ter, the sum OF twenty-five dollars
other than interpretations relating z
o churches ana schools or charitable
> institutions, towns or cities.
! Sec. 4. he u further enacted
That the Comptroller or the Treas
|, ury, and the Treasurer OF the state
!. out Of the money Ia the treasury
E shall nrst pay ana satisfy MI war
r rants issued for the purpose OF payinl
q the current expenses OF the executive
/ judicial or legislative departments q
/ the State, and ON account OF Dor
r rowed money. borrowed 70 suppl.
: the pressing demands on the treas
r ury; then out OF the surplus In tn
treasury, pay ana satisfy appropria
[ lions made 70 the Asylum for tn
!, Insane, the school Tor the Blind, an