Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1872-04-24

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~ scr. Isl That the shares Of stock in any
hank. institution or company declared 70 nc
taxable by the provisions Of section ten OF TINS
ordinance, shall be assessed and taxed 70 the
Tespectiye stockholders In such bank, institu.
tion or company. respectively, at the marker
value of such shares of stock, and shall be
included in the valuation Of the personal pro,
nerty OF each stakeholder. whether the said
Sstockholder reside in the city Of Memphis OF
elsewhere, ana shall be taxed at the same
rate as other moneyed capital and personal
property.
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,
shall. for the purposes Of this ordinance. be
held and regarded as one individual share q
! stock in such banking business, and such
shares shall be included In, the assessment OF
personal properly sucn o oabke bst nrt tbe
! Board of Assessors, the number Of shares heiu
by each Of them in such banking business, as
certained as above proyided, and the shares SO
held by any partner SHAH De included IN tne
valuation Of his taxable property IN the as
sessment Of property by the city or Memphis,
and such individual banker shall pay the
same, and make the amount SO paid charge
on his account with such partnersi ana II sucn
individual banker have. no partners, Or part
ner. he shall be held to be sole owner OF al 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
| 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 me once
where the business of such bank, INSTITUTION
or company shall be transacted fuli 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 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.
and any party convicted thereof before the
than Eve. nor more than fifty. dollars.
Sec. 16. 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 rs personal prop
erty, and the officers Of such banks or institu-
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 ana
papers as may be deemed necessary. and also
shall have power to summon and examine
witnesses, on oath, for the purpose of ascer-
tanning property liable to taxation. or the
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 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 q 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. aifefIn. fh ffifeaH rdt B.
Sec. IS. That it shall BIO the duty Of the City
Comptroller, 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-
tons of taxable property herein designated =.
and the separate values thereof, together win
the names of the owner or owners. and the
year OF 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 IA separatuand dlstinct 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. lutTr ffi lsHl
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 so. shall file the same
in the office of the Comptroller. who shallpro
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
emit amounts of each separate tax due from
each taxable person and the entire amount
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
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
assessment list shah 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 Comptrolier,
there to remain as a record Of his office, as
shall also the assessment lists. 1irrgr ID. 8
Sec. %. 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 TO 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
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
n,
delinquent taxpayer 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
collected by the Tax Collector. as tax upon
privileges, from each person, firm or corpora
ton exercising any Of the following branches
Of business. occupations or PROFESSIONS In the
city Of Memphis, the following sums which
shall be payable invariably in advance unless
otherwise herein specified:
/. From every tobacco warehouse for the in
spection and sale Of leaf-tobacco. annually
2. Every owner or keeper Of shed, ware-
house or other place for the storage Of cotton
or other articles, for each place per annum'
8. Every person other than the producer,
and every firm engaged in the buying and
yelling Of cotton within the city, per annum'
500. t.If l5r..r.1 "a M f.
4. Every real estate broker and every gem
era collector and every SgeRh. hSldcG MINI If
rents. annually, the sum OF 500.
8. Every person who engages in the busi.
ness Of broker of commercial paper, and
every general broker Or commercial agent,
s. From each travelling commercial agent,
generally known a. q drummer, representing
/ persons, firms or corporations, proposing TO
sell goods. warcs. merchandlse or manuiac-
\ lures, either by sample or by representation.
monthly the sum Of S25, or per annum SlO0;
| provided that nothing IN this section shall
! prevent regular merchants Of, their saleTied
clerks, from exhibiting samples, or selnns
! thereby TO other licensed dealeFs.
| Y. Every auctioneer, or firm Of auctioneers,
doinE business M one place only, per annuin-
/ $3.50, But this shall in no wise authorize tne
| selling ~ any auotioneer Of any goods, wares,
| or merchandise at private sale.
8, Every person offering 70 sell paton'
7 righte. per annum. so.
/ 9. Every keeper Of game or nsn store, io'
each store. per snnum, so.
! 10, From every person, OF brm, having .
A licensed retail shop. who furnishes oysters Of
other refreshments as they may be called for
/ in addition TO the retail license ior liquors
7 annually the sum Of SO. e.
ii. Every retailer Of tobacco Or cigars, IL