Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1872-04-20


| in tho original tax list. n lflmlN 3.
Sec. Is. That the shares of stock in an,
4 bank. institution or company declared 70 o
taxable by the provisions of section ten of m
! ordinance, shall be assessed and taxed to tn
respective stockholders in such bank institu
| ton or company, respectively, at the marke
value of such shares Of stock. and shall b
included in the valuation Of tho personal pro
4 perty Of each stakeholder. whether the sal,
| stockholder reside ia the city Of Memphis o
I elsewhere, ara shall be taxed at the sam
rate as other moneyed capital and persona
! property. Nf...I. a.. 3D.. N..l.s
! banking business in the city Of Memphis /
hereby required to declare upon oath, belor
| the Board of Assessors Of the city the amour
! of capital invested in such banking business
and each one hundred dollars of such capita
shall. for the purposes VI This ordinance, b.
held and regarded as one individual share o
stock in such banking business, and sucl
shares shalt be included in the assessment 0
personal property, If such banker have. |
partner, he shall declare, on oath, before thu
Board Of Assessors, the number Of shares helC
by each of them in such banking business, as
eertained MS above provided, and the shares s,
held by any partner shall BIO included in thu
valuation Of his taxable property IN the as
and such individual banker shall pay the
same. and make the amount so paid q charg,
en- his account with such partners; ana II sucf
individual banker have no partners, or part
shares in such business of banking, and the
same shall be included in the valuation of his
personal property in the assessment OF taxes
for the city. in the manner before directed.
Sec. Is. 1t shall be the duty of all banks,
institutions and companies located in the city
of Memphis 70 keep, At all times. IN the once
where the business Of such bank, institution
or company shall be transacteda full and cor,
rect list of the names and residences OF AL
the stockholders therein, and Of the number
of shares held by each; and such list shall
be subject TO the inspection OF the Board Of
Assessors during the business hours of each
day on which business may be legally trans
acted; ami a violation of any of the pTovis-
ions of this section shall be a misdemeanor,
and any party convicted thereof before the
Recorder shall be fined in any sum not less
than five, nor more than fifty, dollars.
Sec. 10. That the gross sum Of the surplus
earned and in the possession of savings banks,
or institutions for savings. located in the city
of Memphis. shall be taxed as personal prop
erty. and the officers of such banks or ipstltu-
tiOns may be examined on oath. by the Board
of Assessors as to the amount of such sur
plus :,
Sec. IL. That the Board of Assessors shall
have power to examine all persons owning or
controlling property liable TO taxation under
the provisions of this ordinance. on oath, and
to require the production of such books and
papers as may be deemed necessary. and also
shall have power to summon and examine
witnesses, on oath. for the purpose of ascer-
tanning property liable to taxation, or the
value thereof. or any other fact material to
the enforcement of this ordinances; and any
party refusing to appear before the Board Of
Assessors after having been summ0ned or
notified BY toe Board to do so, and any party
refusing to testify. after coming before the
Board, in reference 70 any matter withln tne
province of the Board to make inquiry about,
shall be guilty of misdemeanor. and on ar
rest and conviction before the Recorder. as
in other cases of msdemeanor. shall be fined
in any sum not less than five, nor more than
fifty. dollars. tli...r
Sec. IS. That it shall be the duty of the City
Comptroller, al the time the Board of Assess
ors enters upon the discharge of its duties, to
furnish the Board of Assessors with assess
ment lists so prepared that the several descrip-
tions of taxable property herein designated,
and the separate values thereof. together with
the names of the owner or owners. and the
year or years taxable; the gross value Of all
the taxable property of each owner, and the
different kinds of taxes and the rates of taxa
ton. may appear in separate and distinct col.
umrls: and il shall be the duty of the Board
of Assessors TO make the assessment of taxa
BILE property in accordance with blanks SO
furnished. .a
Sec. 49, After the assessment lists are com
pleted. the members of the Board Of Assessors
shall verify the same by oath Endorsed thereon,
and, after haying done so, shall file the same
in the Office Of the Comptroller. who shall pro-
coed at once to make, or cause to be made,
two tax booksw shall correspond with the
assessment lists, and in addition to what is
contained in the assessment lists, shall show
in separate and distinct columns, the differ
ent amounts of each separate tax due from
each taxable person and the entire amount
of all taxes due One of the tax books so
prepared hall be delivered to the Tax Collec-
tor, properly certified by the City Comptroller,
on or before the day the taxes therein charged
fall due. and the Tax Collector shall execute
and deliver the Comptroller receipt for the
same. which the Comptroller shall preserve
among the records and papers Of his office;
Provided, That the tax book that may be
maze from any supplemental or additional
assessment list shall be delivered TO the Tax
Collector as soon as il can be prepared after
Comptroller. The ofkA Of the said books
shall be filed in the otiisVof the COMPTROLLER.
there to remain as record Of his office, as
shall also the assessment lists. fi1r IL .fdf
Sec. 20. That all the various remedies pro-
vided, or that may be provided, by the laws
of the State of Tennesessee for the collection
of the State. OF county. or other taxes. be and
the same are hereby adopted, and the laws
governing the same are declared 10 be in
force for the collection of all taxes that nre
or may be assessed, or are or may become due
to the city of Memphis. and, in addition
thereto, the City Attorney shall. when so di-
rected by the Mayor. file bills in the name
of the city Of Memphis in the proper Court Of
Chancery for the en- forcement OF the lien re-
served py tectloh HIty-seNen Oh tns Guy SnI r.
yer Or tne Oity ,, httoIney, WIEN WIZ: ulIec.eu ~
the Maysr, snan oIint an acson as .h my
dehnqueht taA- payII IN .ns nalhe VI w ny ~.
from him or her.
ui .la PRIVILEGES.
a, -
section ~. ina ny mere snall DC assesseu anu
coilecteu Dy the 1hA Nolertor as .aA upon W.,
privileges: from each person urn OF coIpoIa-
tion exercising any o. me ioltowlng oiahcnss
OF business, 9ceupatlohes or p.oiesslons IN tne
city o. Mehphh; tne l1ilVMlls sums nhien
shall De phyhDio ~ EAitaDis IN @A'"noo
otneIwlse hereln sI,eclllsu az. -
!. rroin every toDacGo rsIqnouse 10, sio H.
spectloh anu ehle Oh ieal -topNeSV' "nh
the sum OF SlVO. 40 -, =.
z. Every owner OF keeper oi sheI' ware
house or other place Tor me storage Oh eoItoh
or otner articles ior eaeh page PCT anhum'
500. ..
3 Every persOn other than tho producer,