Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1872-04-11

ara: alsn all household and kitcnen ful
niture, including gold and silver platei a
gold and silver watches and Jeweiry; a
pleasure carriages aud buggies OF TWO or lou
wheels; all salaries and emouments or lee
of office, and also all ether sources Of rev
enue and all other. property, real ana pei
sonal, now taxable by the laws OF the state
Tennessee. shall be assessed. listed and val
ued and shall be taxed for Az city purposes
but specific properly shall in no ease .
taxed where the capital invested IN sue
property has already been taxed.
Sec. III. That the following. property shai
be exempt from taxation: All property hel'
| BY the State, or any county. or incorporated
| city or town of this State, which is used exclu
sively for public or corporation purposes; an
also all such as is held and used exclusively
| for purposes purely religious. charitable, sci
| entific, literary or educational, and persona
properly to the value of one thousand dollar
| IN the hands of each taxpayer. and all peTso
property which Is 0s HiG re
o. in the hands Of The immediate vendee
| the producer, all articles manufactured OF I'M
| produce of the State of Tennessee. whethe
| the product OF the farm. orchard, garden o.
| vineyard and all property declared exemp
| by section fif,y-six of the city charter; al
o,her property shall be taxable as herein pre-
Sec. IL. That the provisions of this ordi
nance shall apply to the assessment and taxa
ton of the city fer toe year 1872, and where
by the assessment already made, amy property
hereby declared to be taxable has beer
omit. from taxation for the said year, \
| shall be the duty of the Mayor, by and WIN
| the advice of the General Council, TO appoini'
n board of assessors, as now provided by ord,'
nance and the said board is he eby required,
| without delay. to assess the property hereoy
declared to be taxable. and which mas peen
| omitted from such assessment, accoralng %
the provisions of this ordinance. and TO MAKE
report OF such assessment as now required Dy
ordinance; and the taxes that may DC ieyieo
upon the property that shall De lheiuqeu ~
the said additional assessment, sbail DC col,
lected in the same manBer as the taxes tnhl
hays been levied upon the property included
in the original tax list
See. l3 That the shares of stock in any
bank. institution or company declared 70 DC
taxable by The provisions OF section Ten OF tals
ordinance shall be assessed and taxed to the
respective stockholders in such bank, insutu
ton or company, respectively, at the market
value of such shares of stock, ana snail DC
included in the valuation of the personal pro,
perty of each stakeholder, whether the said
stakeholder reside in the city of Memphis or
elsewhere, ana shall be taxed at the SANE
rate as other moneyed capital and personal
property.
Sec. IA. That every individual banker doing
a banking business in the city Of Memphis is
hereby required to declare upon oath, before
the Board of Assessors of the city, the amount
of capital invested in such banking business,
and each one hundred dollars OF such capltnl
shall, for the purposes # h,s or, nance. DC
held and regarded as one individual share Of
stock in such banking business, and such
shares shall be included in the assessment OF
personal property. If such banker have a
partner, he shall declare, on oath, before the
Board Of Assessors, the number of shares held
by each of them in such banking business. as
certsined as above provided, and the shares so
held Dy any partner shalt be included in the
valuation of his taxable property IN the as
ses,ment Of property by the city Of memphis,
- ,rdivtdual hanHar shall InQ
same, and make the amount so paid q charge
On his account with such partners; and If such
individual banker have no partners, or part
ner, he shall be held to be sole owner OF all the
,hares 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.
See. Is. 1t shall be tue duty Of all banks,
institutions and companies located IN the city
Of Memphis to keep, at all times, IN the once
where the business of such bank, Institution
or company shall be transacted a full and cor
rect list of the names and residences OF all
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 pufiuess may De legally uans-
acted an violation Of any OF the provis-
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. IS. That the gros- 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
-rty and the officers OF such uanks or institu :
tons may be examiL ed on oath, by the Board
of Assessors as TO the amount of such sur
plus. -,
Sec II. 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 summoo and examine
witnesses, on oath. for the purpose Of ascer-
taini1g property liable to taxation. or the
value thereof. or any other fact material to
the enforcement of this ordinance; ana any
party refusing to appear before the Board OF
Assessors after havlIk been Summoned or
notified by the Board to do so, and any party
refusing to testify. after coming before the
Board, in reference to any matter within the
province of the Board to make inquiry about,
shalt be guilty Of a misdemeanor. and on ar
rest and conviction before this Recorder. as
in her cases of misdemeanor, shall be fined
10 any sum not less than FIVE, nor more than
fifty, dollars.
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, { gether 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 coll
umns 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. H.
Sec. 10. After the assessment lists are com
pleted the members of the Board of Assessors
Shall verify the same by oath Endorsed thereon,
and, after having done so. shall fi.c the,same
in the Office Of the Comptroller. who shall pro
coed at once to make. or cause to be made,
TWO tax books which shall correspond with the
assessment li,ts, and in addition TO what il
contained in the assessment lists, shall show
10 separate and distinct columns, the differ
cut amounts Of each separate tax due from
each taxable person and the entire amount
of all taxes due One Of the tax books go
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, aud the Tax Collect + shall execute
and deliver the Com ptroller receipt for the
same, which the Comptroller shall preserve
among the records and papers of his otice;
Provided. That the tax book that may be
maze from any supplemental or additional
assessment list sh al be delivered TO the Tax
Collector as soon as 1t can be prepared after
the fling of the assessment lists with the
COMPTROLLER. The other Of the said bOoks
shall be iled in the otiiee Of the COMPTROLLER.
there to remein as a record Of his office, as
shall also the assessment lists.
Sec. 20. That ell the various remedies pro-
vided, or that may be provided. by the laws
Of the State Of Tennesessee for the collection
Of the State. or county, OF other taxes. he and
the sam are hereby adopt d. and the laws
governing the same are declared 10 be in
force for the collection of all taxes that are
or may be assessed. or are Or may become due
70 the city of Meuphis. and. in addition
thereto. the City Attorney shall. when 10 d.
rected by the Mayor. file bills In Toe name
Of the city Of Memphis in the proper Court Of
Chancery for the en- sorcement Of the lien re-
served by lection ffty- seven II the city char
ter; or the City Attorney, When directed BY
ths Mayor. shall bring an action against any
dellaagent taxpayer in the name ii the city
Of Memphis Tor such amount as may be due
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