Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1872-04-18
: . n,ov,s,ons Of this ordinance. and to make

| have been levied upon the property included
| in the original tax list.
Sec. is. That the shares If stock in an,
bank. institution or company declared 70 o
| taxable by the provisions Of section ten OF tsii
! ordinance, shall be assessed and taxed to thu
respective stockholders in such bank, institu
tion or company. respectively, at the marke
value of such shares of stock, and shall b.
| included in the valuation of the personal pre-
perty Of each stockholder. whether the sale
| stakeholder reside in the city Of Memphis Of
| elsewhere. ana shall be taxed at. the san
rate as other moneyed capital and persona
Sec. il. That every individual banker doini
/ a banking business in the city of Memphis Il
| hereby required to declare. upon oath, befor'
the Board Of Assessors OF the city, the amour
/ and each one hundred dollars Of such capita
shall, for the purposes Of this ordinance. b.
held and regarded as one individual share q
stock in such banking business, and sucf
personal property. If such banker have. 9
partner. he shall declare. on oath, before thu
| Board of Assessors, the number OF shares held
by each of them in such banking business, as
certained as above provided, ana tne shares t 8
held by any partner shall be included in the
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 ehargt
on his account with such partners; and If such
individual banker have no partners, or part
ner. he shall be held to be sole owner OF All ne
shares in such business Of banking, and the
same shall be included in the valuation OF nus
personal property in the assessment OF taxes
for the city, in the manner before directed
Sec. Is. 1t shall be the duty OF all panks,
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 be transacted 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 shall
be subject to the inspection of the Board o.
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 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
erty. and the officers of such banks OF lnstitu;
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 OF
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 asoer-
tanning property liable to taxation, OF tne
the enforcement of this ordinances; and any
party refusing to appear before the Board Of
Assessors after having been summoned OF
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 nned
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, 10
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 in 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.
See. 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 dlner-
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 a 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
maze from any supplemental or additional
assessment list shall be delivered to tho Tax
Collector as soon as it can be prepared after
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.
Sec 90. 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 70 pc N
or may be assessed, or are or may become due
10 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
Chancery 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 Taxpayer in the name oil the cltS
of Memphis for such amount as may be due
from him or her.
PRIVILEGES.
Section q. That there shall be assessed and
collected by the Tax Collector, as tax upoI
privileges, from each person, firm or corpora
ton exercising any of the following branches
of business, occupations or professions in thu
city of Memphis, the following. sums which
shall be payable invariably in advance unlesl
otherwise herein specified:
l. From every tobacco warehouse for the in
spection and sale Of leaf-tobacco, annual,
the sum Of SleO.
2. Every owner or keeper Of a shed. ware
house or other place for the storage Of cottoI
OF other articles, for each place per annum
500.
8 Every person other than the producer
and every Arm engaged in the buying anC
selling Of cotton within the city. per annum
Every real estate broker and every gen
eral collector. and every agent holding him
self out to the public for the collection o
rents. annually. the sum OF slOO.
5. Every person who engages in the bust
ness Of a broker Of commercial paper, an(
every general broker or commercial agent
annually. the sum Of slOO.
8. From each travelling commercial agent
generally known as a drummer, representing
persons, firms or corporations, proposing 4
sell goods. wares, merohandise or manutae
lures, either by sample or by representation
monthly the sum Of SIS, or per annum slOV
provided that nothing in this section shal
| prevent regular merchants or their salarie'
! clerks, from exhibiting samples, or sellini
thereby 70 other licensed dealers
Z. Every auctioneer. or firm Of auotioneers
doing business at one place only. per annum
$50. But this shall in no wise authorize tn
| selling By any auctioneer Of any goods. wares
or merchandise at private sale.
s. Every person altering 70 sell paten
rights. per annum, so
3. Every keeper Of a game or hsh store 10
/ each store, per annum. $50.
10. From every person, or hrm. having
! licensed retail shop, who furnishes oysterss Q
| other refreshments as they may be called for
/ In addition 10 the retail license for liquors
annually the sum Of S25.
ii. Every retailer Of tobacco or cigars, i