Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1872-04-20
PROPERTY TAX.

Sec. 10 That all real estate. and all per-
sOnal property. t0-Wit: stations, mares,
geldings. mules, jacks, jennets, cattle, sheep,
goats and hogs; also, all money secured by
mortgage or deed Of trust. money in actual
or constructive possession, money due nom
soiyeDt debtors, whether by bond. bill SIN
| gle. pTonissOry note, bill OF exchange or
| Judgment; also. all articles OF agreement Tor
the payment Of money. and accounts on sol
vent parties bearing interest. owned or pos
Hessed by any person or persons whatsoever,
except notes or bills for work OF labor done (;
ALEC, all shares of stock In any bank. institu-
ton or company now or hereafter incorpo-
rated by, or In pursuance Of. any law OF this
State or any other State, or Of the United
States Of America. which bank, or institution.
! or company, is located m the corporate limits
Of the city Of Memphis. and not eis,ewnere'
whether the stockholders. or any Of them, 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 laWf
OF the United states or by the laws Of The
| State Of Tennessee are exempted from taxa
| ton all money loaned or invested az int
rest in the city Of Memphis, or elsewhere,
including money of orphans. legatees and
distributes, under twenty.one years o.
age; als@. al household aHd kitchen fur.
niture. including gold and silver plate; AZ
gold and silver watches and jcwelryi All
pleasure carriages and bugries Of two or four
/ wheels; all salaries and emolnments OF Ices
! OF Office, aud als0 all ether sources o. rev
fonal. nov taxable by the laws OF the state Q
Tennessee. shall be sssessed, listed and val
ued and shall be taxed for all city purpofes
I but specific property shall in no case %
taxed where the capital invested IN such
property has already been taxed.
See. L.. That the following property shall
be exempt from taxation; All properly helg
by the State. or any county, OF tncorPoratea
city o. isBp Of this State. which is used exelu,
sively f0r public or corporation pnrposts; and
also all such az is held ald used exeiqsiYeJ
for purposes purely religious. charitaoie. sci,
! enti6c. literary or educational. and persona
properly 10 the valge Of one thousand dollar
10 the hands Of each taxpayer. and All pefso-
nal property which Is the direct product Of
the soil Whit jn the hands Of tne producer
or In the hands Of tie Immediate tendee o.
the producer. all articles manuiaetured Of 80
produce Of the State Of TepneEsee, whether
the product OF the farm. orchard. farQen q
/ vineyard and all property declared exempt
81 section ffly-six Of the city charter; 81
0,her properly shali Be taxable - herein pre-
Sec. i2. That the prsvisisas 81 this oFdi
I nance shall apply 20 the assessment apd taxa'
ton Of the city fer the year 1e72. and where
By the assessment already made. any property
1 hereby declared 20 be taxable has beer
omitted from taxation for the said year, I
shall be the duty Of the Mayor. BY and viii
the advice Of the General Council, % appoin'
I = bcasd Of assessors. as nov provided By ofdi'
nance. aEd .Ae said board Il hereby required
without delay. 10 asse5s iho properly hereby
declared 70 be taxable. and which has been
omitted from such Assessment, according q