The weekly Panola star. [volume] (Panola, Miss.) 1857-1881, 1872-05-04
VOLUME ib. NUMBER 4s

N'H""N'M N'NHHfN HtffF9t "fEtNtf ~
construed 10 fepeal ~ lfoglsson n
section 1903 " he Cusle. feumring
= special las n nne-ssntk N ous fsr
cent 10 be- levied 20 lnecf ae ihff,
e., and principal # eeftsiH I1bd,,
and the same hall eeusinue n b.
loyi'd aud collected IL l4viul rarsh.
cy ~ ihe United States mlflTaIT surh
bond, and interest shall have been
PAID.
/ SIC H. BE u further enacted,
That the power OF the Board of 81.
ervistri IN The ssvetAl couhtes of
this state, TO levy taxes Tor alt pus-
poses. ot whatever kind, is bereby 81
limited and restricted "a TO mohibit
the said boards from levying d tax
IL any one year, which, with tKe
state tax added, shalt exceed twenty.
live dollars on the one Thousand
dollars Of assessed valuation;, Pro-
vided, That nothing herein contained
shall be 80 construed as to limit the
county taxing power, authorized by
section II, article IL, Of the state
constitution. l,tas. ltT
SEC. l3 BE it further enacted.
That all laws and parts OF laws IN
conflict with the provisions Of this
act, be and tho same are hereby 70,
pealed; this net shall take effect and
be in force from and alter its pas
sage. ..-t
Approved April 4, 1872.
AN ACT to encourages the fato-
ductiou Of machinery aud the es-
tahlishment of factories in the
State Of Mississippi. ..i,
SECTioN /. BE il enacted by she
Legislature o! the State Of Mis.is,
sippi, That IN consideration Of thc
construction Of factories, and she NJ
production OF machinery for the pur~
poses of erecting, furnishing md
carrying on factories in this State,
tor tue manufacture of cotton and
wooden goods, or yarns, or fsbries
composed Of those Or any other mn.
terials, and tor the making ot NIL
kinds Of machinery and implements
oil husbandry necessary for tho culsi.
walton Of the soil, aud to manufac-
turc all other articles amithings VI
whatsoever character and descrilf
ton, not inconsistent with the laws
aud constitutions Of this State on, ox
the United States. and OF, the great
benefit which the State will receive
In the development Of its manufac>
turing resources, by means Of said
factories, aud the largo and increased
amounts OF machinery and capital
that will, by this liberal spirited
policy, be invited 10 the State, tlias
giving employment u and supply
ing the wants Of thousands "a ,ur
people, and also the increased value
which will thereby be added to the
property Of the State, thus enabling
| the State to greatly iBcrease lie rev.
enuc without additional and burdeA-
some taxation on the people, the
State hereby agrees witIi.any; issd
all manufacturing companies 10 this
State, whose capital stock shah not
be less than ten tilousand dollars
paid ii, not in operation before tho
passage Of this act, tiiatiall taxssIto
which said companysor csfnpanias
shall bo subject tor the period often
years, are hereby, appropriated and
set apart, and shall be applied III
the payment Of all. debts and liahti-
tiles which any OF said scompani<0
may have incurred in thu oonstruc
ton Of iactories, Qr the purchase .pf
machinery, Or for money BORROWED
By any inanhfactdfing cohpauy w
construct buildihgs, orlto7 purchase
machinery, or paying debts mcsrfed
by any fsaid sompaniss in epn~
structing or purchasing the. sagpy;
and it shall Be the duty Of fhe tax
collectors i in every comfy,
in each and every yesr,i Tor
the period Of ten years 10 giyetto
each fsaid companies Escaipt,,in
full for the amount Of all ta1es .due,
upon receiving from epch olrsaM
companies an affidavit made Nv the
President or Treasurer / of each 0B
said companies, that ND ,atiotht'Uf
said taxes have actually and in'sotal
faith been Paid and applied w tsuh
Of said companies during the yearin
payment Of debts. s.ipcurred, or money
borrowed, as aforesaid, and which,
receipt, 50 given, shall be IN fdii tx
an taxes, county, state orindaH1lpaay
towhichfaid companies shzikbeAfir
jcct !: Provided. That swhepsger ~
prsfls ofany,0f said ,compalies shaH
enable it To- declare and pay III rs
STOCKHOLDERS ap annual dsvId6N3''0g
our pcf cent. upon its'cSpslsI ss6sk.
over and above Itiie' paysn1nAc4f1its
debts and liabiElies then thc8nggp
priation OF the taxes atpresaid shalt
cease towards such company q con-
panies declaring said divfde6 asA