Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1872-04-13

ordinance; and the taxes that may pc seyieu
upon the property that shall be included IN
the said additional assessment, shall DC col
lected in the same manner as the taxes that
have been levied upon the property included
in the original tax list.
Sec. Is. That the shares Of stock IN any
bank. institution or company declared 70 De
taxable by the provisions Of section ter, OF this
ordinance. shall be assessed and taxed TO the
respective stockholders in such bank, instltu.
tion or company. respectively. at the market
value of such shares Of stock. and shall be
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 same
rate as other moneyed capital and personal
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 capital
shall, for the purposes of this ordinance. be
held and regarded as one Individual snare OF
stock in such banking business, and such
shares shall be included in the assessment oil
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
eertsined as above proyided ana me saares ~ ~
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 a charge
on his account with such partners; and II such
individual banker have no partners, or part
ner he shall be held to be sole owner OF all 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
Tor 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. instltuuon
or company shall be transacted q 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 snaii
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 provls-
ions of this section shall be 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. 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
tions may be examined 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 summon and examine
witnesses. on oath. for the purpose OIL ascer-
tanning property liable to taxation, OF the
value thereof, or any other fact material 10
the enforcement of this ordinances; and any
party refusing to appear before the boalu 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 lined
in any sum not less than five, nor more than
fifty, dollars.
Sec. IS. That 1t shall be the duty of the City
at 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. ana the
different kinds Of taxes and the rates OF taxa
ton, may appear in separate and distinct col
umps: 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 tho 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 hle 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 snow
in separate and distinct columns, the differ
ent amounts of each separate tax due from
each taxable person and the entire amount
of ali 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
same, which the Comptroller shall preserve
among the records and papers OF his Office;
Propided, That the tax book that may be
maze from any supplemental or additional
assessm ent list hall 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 ONCE, as
shall also the assessment lists.
See 20. That all the various remedies pro-
vided, or that may be provided, by the laws
of the State of Tennessee 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
theIeio; my NlS{ As.olnn Gy Lii, AZ %
rected py 'ne Mayol. ne pi,is ~ sn Sn.t ~
OF the clty OF menpnis IN tne plsopen n VI
Chaneery LOT tne entoIcement ~ lne nen TO
served oy sectlon nlly-se'en oi tn9 clE Jn1 Ks,
ter or tne Wy httorney' WIEN ulIecteu "
the Mayor, snall bring an action assi .i my
dennqueht tasA-payer IN ene Haine ~ 'he nv nv
OF memphis Ior such amount as mAy pe uue
from MIN OF her.
PRIVILEGES.
c..Ll =, m, -
Section n. Ihat there snall pc assessed anu
coneeteu py .ne lay vonecror S .no orn upvn
uon exercising any Of tne loilewing oIancn ne
Of business, occupatlonns or pioiesslons IN w
city Of memphis; the i3loWing suns Mhicn
snalI ne phyhoi.o lnvnt.teaoiy III "N'@"0e "iie'9
Otnerwlse hereln speclneu
1. FROM every tObacco warehouse lor lno IL IL
spectiOn ana hale OF leaI-tODdccOs dunudily