Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1872-04-19

have been levied upon the properly lnciuue
in the original tax list.
Sec. Is. That the shares Of stock in an
bank institution or company declared 70 b
taxable by The provisions of section ten. OF q
ordinance, shall be assessed and taxed to tn
respective stockholders in such bank, institu
. tion or company, respectively, at the markt
value Of such shares of stock, and shall b
included in the valuation of the personal pro
perty Of each stakeholder. whether the sal
stookholder reside IN the city Of Memphis o
elsewhere, ana shall he taxed at the sam
rate ms other moneyed capital and persona
Sec IL. That every individual banker dom
banking business In the city Of Memphis
hereby required to declare, upon oath. bofor
the Board of Assessors Of the city, the amour
of capital invested in such banking t1siness
and each one hundred dollars of such capita
shall. for the purposes Of ms ordinance, ,
stock in such banking business, and sucl
shares shalt be included in the assessment o
personal property. If such banker have
partner. he shall declare. on oath. before IN
Board Of Assessors, the number Of shares hell
4 by each of them in such banking business, as
| certained as above provided, and the shares 81
held by any partner shall be included in tn
valuation Of his taxable property IN the as
I sessment of property By the city OF Memphis
and such individual banker shall pay TN
same. and make the amount so paid q charg,
on his account with such partners; ana II suci
indiyidu9l banker have. no partners, or part
neT, ut snail Dt utiu W w cViOV nv "
shayes in such business Of bankin and III
| same shall be included in the valuation Of hll
/ personal property in the assessment oil 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 to keep. at all times. IN the once
where the business of such bank, institution
or company shall DO transacted full and cor;
rect list of the names and residences OF ~
the stockholders therein. and of the number
of shares held by. each; and snch list shal
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 violation of any of the provis-
ions of this section shall be a 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 lnstltu,
tions may be examined on oath, by the Board
of Assessors as to the amount of such sur
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 summon and examine
witnesses, on oath. for the purpose of ascer-
tanning properly HaDle 10 taAAtloh' v. tuo
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 toe Board to do so, and any party
refusing to testify, after coming before the
Board, in reference 10 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
~ NJ Lass than five 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. 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 coll
umns; and it 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 se, 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 C0llec-
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
mace from any supplemental or additional
assessment list nail 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 a record Of his Office, as
shall also the assessment lists.
Sec. 20. Thatall 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 70 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 proper Court of
Uhancery for the enforcement of 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 tax payer in the name Of the city
of Memphis for such amount as may be due
from him or her.
PRIVILEGES.
Section q. That there shall be assessed and
BY the Tax Collector. as tax upon
privileges, from each person, firm or corpora
tion exercising any Of the following branches
of business. Occupations or professions II, the
l. oil l1f nh
shall be payable invariably in advance unless
otherwise herein specified:
l. From every tobacco warehouse for the in
spection and sale Of leaf tobacco. annually
the sum Of Si00.
2. Every owner or keeper Of a shed. ware
house or other place for the storage of cotton
or other articles, for each place per annum,
slOO.
and every firm engaged in the buying and
:: :o IIns Of o0''on "i'ni' tue Guy per Annu'
1. Every real estate broker and every gen
eral collector, and every agent holding him.
self out 10 the public sfOr the collection Of
rents. annually, the sum Of $780,.
3. Every person who engages, in the busi,
ness Of "a broker of commercial paper, and
every general broker or commercial agent.
annually, the sum Of 500.
8. From each travelling commercial agent,
generally known as drummer, representing
persons. firms or corporations, proposing to
sell goods. wares. merchapdise or manufac-
lures. either by sample OF by representation.
monthly the SUN OF s25, or per annum slO0,
provided that nothing in this section shall
Prevent regular merchants or their salaried
clerks, from exhibiting samples, or selling
thereby 10 other licensed dealers
Z. Every auctioneer. or firm Of auctioneers,
doing business az one place only, per annuln,
$50. But this shall in no wise authorize the
selling BY any auctioneer Of any goods. wares,
or merchandise at private sale.
8. Every person Offering 70 sell patent
rights. per aDnum, so rra
.. Every keeper Of game or fish store, for
each store, per annum, SO.
10. From every person, or hrm. having
other Refreshments as fhey may be called for,
in addition 10 the retail license for liquors,
annually the sum Of So
II. Every retailer Of tobacco or cigars, in