The Bolivar bulletin. [volume] (Bolivar, Hardeman County, Tenn.) 1865-1888, 1870-03-05
State Taxes.

From the Nashville Union and american
of Wednesday last we learn that the 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 instead
of thirty cents on the hundred dollars OF
taxable property, and then passed on its
third reading ayes 80, noes "a. AS it is
probable the Senate will agree to the amend
ments made by the House, the provisions of
this bill become important to property
holders. 1t provides that all real estate,
other than such as is held in trust fo- re-
ligious and school purposes; also, money in
actual or constructive possession, all money
secured by mortgages or deeds of trust, and
money due from solvent debtors; also, all
articles or agreement and accounts bearing
interest, except notes or bills for work and
labor done; 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 all mo ney loaned or invested at
interest in this State or any other State or
Government also, household furniture, in
Guiding gold and silver plate, gold and silver
watches and jewelry, exceeding In value
$500; also, ali pleasure carriages, all salaries
! and emoluments of Office above $500; to-
gether with all other sources and 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 pur-
poses The rate of taxation is fixed at
/ twenty cents on the hundred dollars. Tax
collectors are authorized to receive in pay.
ment for the tax so imposed, notes of the
Bank of Tennessee, not declared void by
the amended Constitution of the State; war.
rants on the Treasury of the State, as well
as greenbacks and specie. 1t is also pro
vided, that hereafter no private act of incor-
pOration shall have the force and effect OF
law, unless the inc0rporators shall have paid
into the Treasury of the State the following
sums On every charter of corporation or
act extending or renewing the charter ofany
bank, savings institution, safe deposit com
pany, whether fire or life; iron, wood manu-
featuring, mining, cotton, wool, warehousing
transporting or oil company, railroad, tele
graph, or steam vessel company, the sum o
one hundred dollars; and all other acts OF
charters of incorporation, of whatever kinc
or character, other than of incorporation.
relating to churches and schools, or chari
table purposes, the sum of fifty dollars.
is also provided, that the Comptroller anc
Treasurer, out of the money in the treasury
shall pay all warrants issued for tse purpos
of paying the current expenses of the exc
cutlve, judicial, and legislative departm ent
of the State, and on account Of money Dor
rOwed to supply the pressing demands ol
the treasury; then out Of the surplus 10 tn
treasury, pay appropriations made to th'
Asylum for the Insane, the School for tn
Blind, and the School for the Deaf ant
Dumb and the amount due common schools
then to the satisfaction of coupons on tn
bonds issued directly fo= the benefit of th
State, and such bonds rs are now due an
falling due known as the State debt prope
! and the remainder, whenever the sui