Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1870-02-28

interpretations relating TO churcneS
and schools or charitable institutions,
| towns or cities.
Sec. 4. Be IL further enacted, That
the Comptroller of the Treasury, and
the Treasurer of the State, out of the
money in the treasury, shall first pay
and satisfy all warrants issued for the
purpose of paying the current ex-
penses of the executive, judicial OF
legislative departments of the State,
and on account of borrowed money,
borrowed to supply the pressing de
mands on the treasury; then out OF
the surplus in the treasury, pay and
salty 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 to
common schools, and appropriations
by the General Assembly to pay spe-
cial claims, and the remainder to the
| satisfaction of coupons on the bonds
issued, known as the State debt prop
er, directly for the benefit of the
State, and such State bonds as are
now due and filling due, known as
the State debt proper; and the re-
mainder, whenever the sum amounts
to one hundred thousand dollars, pro
rata, toward the satisfaction Of past
due coupons on the bonds of the State
of any series issued for the purpose Of
internal improvements-and upon the
presentation of the matured coupon
Of the date amongst which the distri-
button pro rata is to be made, the
Comptroller shall issue a warrant for
the pro rata, and a new warrant tor
the remainder due on the coupon, and
take up and cancel the coupons so Ia
ken up as required by law, and con-
tinue to make such distribution as fast
as one hundred thousand dollars of
surplus shall accrue, until the entire
interest due on the bonds at the time
shall be fully paid; prOrided, the in
terest falling due first shall be first
paid and satisfied.
Sec. 3. Be IL further enacted, That
from and after the passage of this act,
it shall be the duty of the COmptrOl-
Ter of the Treasury to furnish to the
clerk OF the county courts of this
State printed forms, in which shall be
designated the several Ources from
whence revenue Is 10 be derived, to-
gether with the rate of taxation on
polls, property and privileges, and
also to the respective collectors of
State revenue, the cost of preparing of
which shall be paid out OF the Treas
ury, on the warrant OF the Comp
troller.
Sec. G. Be Gfitrther enacted, That the
Comptroller of the Treasury shall
keep in his Office a true and correct
" interest account" showing the
amount of interest due semi-annuaily
on the bonds of the State issued for
any purpose, and ~shailcause entries to
be made on said account for every
dollar paid on account Of said interest,
and coupon received and cancelled as
now provided by law; and in his re-
port to the General Assembly shall
state the precise amount paid on in
tereSt account, the number of coupons
paid and cancelled, and the number
and amount outstanding and not paid,
so as to furnish satisfactory Informal
ton as to the condition Of State in
debtedness at the end of each fiscal
year.
Sec. 7. Be 1t further enacted, That
the provisions Of this act shall apply
to the assessments for the year 1870,
and in all cases in which assessments
have already been made for the year
1870, it shall be the duty of the Rev
enue Assessors in each county, and
they are hereby required without de-
lay to re-assess the taxable property
in their respective districts according
to the provisions of this act, and make
their report of such assessments as
now required by law, provided the
who, on the first of April, |
1870, is owner of real or personal 0s-
tate liable to taxation shall be bound
to pay his taxes assessed thereon TOR
the year 1870, and the same shall be
assessed in the name of such person
if he can be discovered, but from and
after the year 1870 the assessments
shall be made as now provided by
section SCI OF the code, on the tenth
Of January, 1870.
Sec. 6. Be Il further enacted, That
each Tax Assessor, before he enters
upon the discharge of his duties, shall
take and file in the Office of the clerk
Of the county a written or printed
path that he will faithfully and hon
estly discharge the duties Of his office,
and that he viii value all property
taxable in his district in good Faith,
according to the standard laid down
the Code of Tennessee and this act.
And any person wil1ully refusing to so
such taxable property shall be
of a misdemeanOr in Office, and
IN conviction shall be fined not less
han one hundred dollars, shall be eds
missed from that or any other Office,
state or county, he may hold at.the
lime of conviction, and be ineligi bic
or any Office for two years thereafter,
md the judges of the proper courts
hall give this act in charge to the
grand iuries of this State.
Sec. 8. BE 10 further enacted, That
he County Courts of the respective
COUNTIES Of this State shall not levy
my pro rata rate of taxes on any one
Of property, privilege or poll,
han on any other which is taxed by
he laws of the State, but the percent
ige of, as compared with the State
ak, shall be equal and uniform, and
hat the taxes assessed for county pur-
)Oses shall not exceed the rate of tax
LtiOn provided by this act.
Sec. 10. Be IL fiEther enacted, That
his act shall take effect frOmand after
Is DaS5GOp.