Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1872-04-16

have been levied upon the property inciude
in the original tax list. N taI
Sec. IS. That the shares Of stock in an
bank. institution or company declared to b
taxable by the provisions of section ten OF thi
ordinance. shall be assessed and taxed 10 tn
respective stockholders II such bank. institu
value Of such shares of stock, and shall b
included in the valuation Of the personal pro
perry, Of each stockholder. whether the SAT-
reside II the nyysS Of Memphis I'M
rate as other mOneyed capital and persona
Sec. IA. That every individual banker dom
a banking business in the city of Memphis |
hereby required to declare, upon oath, befor
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 of this ordinance. b.
stock in such banking business. and sucl
shares shall be included in the assessment o
personal property. If such banker have
partner. he shall declare, on oath, before tn,
by each Of them in such banking business, as
certsined as above provided. and the shares 81
held by any partner shall be included in thu
valuation Of his taxable property in, the as
sessment Of property by the city OF Memphis
and such individual banker shall pay the
same. and make the amount so paid charge
on his account with such partners; and III such
individual banker have no partners. or part
ner, he shall be held to be sole owner ofal the
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. II shall be the duty of all banks.
institutions and companies located in the city
of Memphis to keep, at all times. in the office
where the business of such bank. institution
or company shall be transacted full and cor
rect list Of the names and residences OF all
the stockholders therein, and of the number
II. L.lI To- onh. nd anxAh 81 uho1
be subject to the inspection of the Board Of
Assessors during the business hours of each
day on which business NAY be legally trans
acted; AMI violation of any of the provis-
ions Of this section shall be misdemeanor,
aud any party convicted thereof before the
Recorder shall be fined in any sum not less
than FIVE, nor more than fifty, dollars.
Sec. l6. 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 iDstitu-
tons may be examined on oath, by the Board
of Assessors as to the amount of such sur
plus. -r itH.rH :.
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 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,
shall be guilty of misdemeanor, and on ar
rest and conviction before the Recorder. as
in other cases of misdemeanor. shall be fined
in 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-
lions 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 ia separate and DISTINCT col,
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.
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 file 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 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
Il L. akan
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 it can be prepared after
the filing of the assessment lists with the
Comptroller. The other of the said books
shall be filed in the Office of the Comptroller,
there to remain as record of his office, as
shall also the assessment lists.
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, or county, or other taxes, be and
the same are hereby adopted, and the laws
governing the same are declared to be in
force for the collection of all taxes that are
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 puoper Court Of
Chancery for the enforcement d, the. lien re-
served by section ffty-seven of the city char
ter; or the City Attorney, when directed by
the Mayer, shall bring an action against any
delinquent taxpayer in the name OF the city
of Memphis for such amount as may be due
from him or her.
PRIVILEGES. ..
Section 2l. That there shall be assessed and
collected by the Tax Collector, as tax upon
privileges, from each person, firm or corpora
ton exercising any of the following branches
Of business, occupations or professions In the
city of Memphis, the following. sums which
shall be payable invariably in advance unless
otherwise herein speeiiiedi
/. From every tobacco warehouse for the in
spection and sale of leaf-tobacco, annually
the sum Of Sl0O.
2. Every owner or keeper Of a shed, ware
house or other place for the storage Of cotton
OF other articles. for each place per annum,
5 Every person other than the producer,
and every arm engaged in the buying and
selling Of cotton within the city. per annum,
500. I'D
4. Every real estate broker and every gen
eral collector, and every agent holding him,
self out 10 the public for the collection of
rents. annually. The SUM Of 500.
B. Kyery person who engages IN the bufi-
ness of a broker Of commercial paper, and
annually, the sum Of 500.
s. From each travelling commercial agent.
generally known as drummer, representing
persons firms or corporations, proposing TO
sell goods, wares. merchandise or manufac-
lures, either by sample or by representation,
monthly the sum Of SIS, or per annum slOe,
provided that nothing in this section shall
prevent regular merchants OF their salaried
clerks, from exhibiting samples, OF selling
thereby to ether licensed dealers.
\. Every auctioneer, or drm Of auotioneers.
doing business at one place only, per apnun,
$3.50. But this shall in no wise authorize the
selling By any auctioneer Of any goods. wares,
or merchandise at private sale.
s. Every person offering TO sell patent
rights. per annum. ~
8. Every keeper Of a game or fish store, for
each store, per annum, so.
III. From every perton, or firm, having .
lieensed retail shop, Who furnishes oysters OF
other tefteshments as they may be called for,
in addition 10 the Ietail license for liquars,
annually the sum Of So,
nj n..w.r ..fotlar of foharco m fiQarE in