Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1872-04-23
ORDINANCE.
An Ordinance Regulating Taxation
in the City Of Memphis.
MERoHANrs.

3
vested in their business equal 20 that ieyie'
/ on all taxable property; aud the term 'mer
chant" shall include all persons ana copaft
nerships engaged In trading IN any kind Q
| goods, wares or merchandise. either on land
4 or AT or on any steamboat, wherf-boat, O
other craft, Stationed ~ or plying WITHIN TN
/ corporate limits of the city 81 Memphis
whether such goods, wares or merchandise o'
kept on hand for sale. etnsI on eon l1li
/ for profit as ordered. Provided. that this sec
! ton shall not affect in anywise the levy and
collection oil privileee taxes upon the avoce
lions declared by law TO De taxable as PRIV
leges, except merchants and persona doinl
the business Of selling merchandise upor
Sec. >. And no merchant or commission
merchant shall commence or continue bust
ness in the city of Memphis. without obtain.
ine from the City Register Of the city oi
Memphis, license in accordance with the
provisions of this ordinance. And every per
son and every copartnership who shall violate
The provisions of this section, shall be guilty
OF a misdem eanor for each days violation Of
the same. ana shall be arrested as. in other
cases OF misdemeanor, and on conviction be-
fore the Recorder shall be fined. for each sep
arate offsnse not less than i've nor more than
fly dollars, which shall be collected as other
dnes are collected.
Sec. 8. Eyery merchant or commission
merchant and copartaership, before receiving
a license. and at the end Of each twelve
months thereafter, shall execute a bond 70 70
be approved of by the Cit lax COLLECTOR and
the CITY Register, in the sum Of one thousand
dellars. conditioned that such merchant or
commission merchant will render 10 the City
Tax Collector at the end of twelve months
from the date of the bond a true statement.
under oath, of the amount Of capital invested
in the business carried on during the twelve
months preceding. and will pay TO the Tax
Collector the tax thereon, as proYlded oy law
:. h NJ n eanftal Z lnUQEfaH.
the amount of cash, or its equiv9lent, as
bonds. notes, or other evidences. or securi-
ties of value in place or lieu thereof. or prop
erty, real or personal. of every kind. which
may be or is used as the representative OF
capital or as a basis for the transaction Of bu-
siness. in, each case respectively, shall be
considered and held as said capital.
Sec. 4. Upon apply ing for license and ex-
ecuting bond as hereinbefore required.
each merchant or commission merchant be-
fore receiving license shall pay TO the City
Tax Collector the sum of twenty-five dollars
lS25l; ar d when the merchant or commission
merchant pays the taxes that may be due
upon his capital as herein provided, the said
and shall be deducted from. the amount Of
the taxes due from him.
Sec, 5. The I'D pdiorem tax provided for
herein shall be payable as other taxes upon
property are, and shall be collected in the
same manner; and for the purpose of ascer-
tanning the capital invested by each merchant
or Commission merchant. or copartnsrship.
which is declared. TO be taxable. 1t shall be
the duty of such merchant, commission mer;
chant or eOpartnership at the time required
by the condition Of his bond to report his tax
able capital, to fle with the City Tax Collec-
tor statement, under cath. showing
First-All capital invested by such mer-
chant. commission merchant or sopartner-
shin in = stock of goods. wares or merchan-
disc, whether owned by him, or held or Of
fred for sale BY him on commission or con-
second-All capital employed during the
Of eceding twelve Q2l months in any manner
Of trading. whereby no stock Of goods, wares
or merch sndise is OF has been kept on hand,
unless such business Is otherwise taxed as a
priv eye
The statement herein provided for shall be
sworn to by the person or persons ma ing II,
or some enc Of them; but il shall not be con-
elusive upon the " of Memphis ss to the
actual amount Of the taxable capital. but II
ma be sh wn IL be false. and. in such case.
the Tax collector s1all ascertain. by the best
evidence in nj power. the actual amount of
the to xable capital Of the merchant, commits
sion merchant or copartDership making the
false statement; and, when he Ascertains
50, b actual amount Of capt. /, he shall levy
AID collect the taxes herein pro .ided for
upon such actual amount. IL shall be the
duty Of the Tax Collector to provide the
NJ necessary blank. for toe statements required
BY this section. and he shall furnish the same
o any person desiring to make such State
ments.
Sec. 6. That The license provided for in the
second e. elton of this ordnance thall be is
sued for the term Of twelve mon hs, but shall
be-. and b, GENE. forfeited in all cases by the
violation Of any of the provisions of this or
dinauce. Ana at the end of the term of each
license, new one shall be taken out as pro-
yided for in this ordinance.
Sec + That every merchant and copart-
nership who is engaged in business in the city
- =. - f-Ffr an0 Qh
within thirty days from the passage of this
ordnance. make his report TO the City Tax
collector and psy the taxes that have become
due from him since his last report as now re-
luired By ordinances, ana sha!l then surrender
bis existing license and receive from the City
Register a license in accordance with the pro-
visions Of this ordinance.
Sec. 8. That the bond required BY section
b,,ee of this ordinance shall be forfeited BY
1 ia lure TO render the statement, under the
oath. as therein required. or BY rendering
alse II element. or by failing 10 pay the taxes
,ssessed. or due, at the time or in the manner
,erein pr,1yided; and ii shall be the duty Of
ne City NJ Collector TO hand all such bonds
u become forfeited TO the City Attorney, who
hall bring suit upon the same TOR the beneht
II the city, and. in case Of a breach Of the
,ond and sush suit. the city Of Memphis
hal be entitled 20 recover the full amount Of
ne penalty specified in the bond. and an
,zreeInent to that eject shall be inserted
herein. And no recovery on the 1ond snali
n any way affect the right Of the city Of
densphis to collect the taxes that may remain
maid and due from the merchant. commits
ion merchant or eopsrtnership making II. or
my other right or remedy the ei!y may have
against him by thcproyisions ofthis ordinance
lr otherwise.
Sec. 3. That It shall be a misdemeanor TO
-iolate any Of the conditions Of the bond re-
,uired BY section three Of this ordinance. or
my Of the requirements Of section nNe, anu
he party offending shall be liable TO arrest
md punishment therefor, as in other cases OF
PROPERTY
Ser. 10. That all real estate. and all per-
Ionai property. to-wit: stations, mares,
,eldinRs. mules, jacks. jennets, cattle, sheep,
,oats and hogs; also, all money secured by
nortgage or deed Of trust, money in actual
u constructive possession, money dps ron
,olvent debtors, whether by bond, bill sim
rle promissofy note, bill Of exchange OF
Judgment; also. ali articles Of agreement for
he payment Of money, and accounts on SOL
vent parties bearing interest, owned or pos
sessed by any person or persons whas9eEer.
except notes or bills f1r work or labor done
also, all shares Of stock in any bank, institu-
ton or company now or hereafter incorpo-
rated by, or in pursuance OIL any law 81 tnis
State, or any other State, or OF the y nited
States Of America which BANK. OF lns.ltutlYn,
or company. is located IN TIE corporate limits
Of the city Of Memphis. AID net elsewhere'
whether the stockholders. or any OF themi re,
side in the city Of Memphis or not; and all
public bonds or stocks whatsoever. all IN
comes from bonds or stocks which by The lave
of the United States or by the laws OF the
State Of Tennessee are exempted from taxa
ton: all money loaned or invested al inte-
rest in the city Of Memphis. OF elsewhere,
including money Of orphans. legatees ana
under tgenty-one years OF
age; als-. all household aAd kitchen iur;
niture, including gold and silver piate' az
gold and silver watches and jewelry; all
pleasure carriages aud bugEies Of two or four
wheels; all salaries and emeluments OF ices
Of Office, and also all ether sources 81 rev
enue and all other property. real ana per-
sonaI, now taxable By the laws Of the State OF
shall be assessed. listed ana val
ued and shall be taxed for all city purpose
but specific property shall in no ease u
taxed where the capital invested IN such
property has already been taxed.