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

Sec. 10 That all real estate. and all per-
sonal property, to-wit: stallions, Mares
geldings. mules, jacks. jennets, cattle. sheep,
goats and hogs; also, all money secured by
mortgage or deed Of trust. money IN actual
or conductive possession, money due nom
solvent debtors, whether BY bond, bill sim
gle. pr0missory note, bill Of exenange or
Judgment; also. all articles Of agreement Tor
the payment VI money. and accounts on sol
vent parties bearing interest, owned or pos
sessed By any person or per.ons whatsoever,
except notes or bills fer work or labor done;
also, oil shares Of stock in any bank, lnsuiu-
tion or company nov or hereafter incorpo-
rated By, or in pursuance Of, any Jaw 81 ! WIS
State, or any other State, or OF the nited
States OF America. which bank, or institquop,
or company. ts located m the corporate limits
of The city Of Memphis. and not elsewhere,
whether the stockholders. or any OF them, re.
side In the city Of Memphis or mott and all
public bonds or stocks .whatsoeyeT. all in
comes from bonds or stocks which by the laws
OF the United States or by the laws Of the
state Of Tennessee are exempted from taxa
tiOn: ali money loaned or invested at inte-
rest 10 the city Of Memphis. or elsswherei
including money Of orphans. iegatees and
distfibutees. under twenty-ons years Of
age; alss. all household and kitchen fur
niturs. including gold and silver plate all
gOiq EnI silver watches and ieWelry; all
please &c cefTi9ses aud buggies OF two or four
Of ONCE. and als0 all other fDuTess q rev
enue and oil other properly, roal ana per-
/ fonal. nov taxable by the laws Of the state q
| Tennessee, shall be assessed, listed and val
! ued and shall be taxed for al city purposes;
| but specific properly shall In no ease be
taxed where the capital invested in such
/ property has already been taxed.
See a.. That the following property shall
I bee9 mFt from taxation: All property held
/ by Tho Siate. 2T any county. or Incorporated
city ~ t0Wl " fhit STAG. vhich u used exclu-
fiveiy 90 Dublia 81 corpoEatiqn' plrplefg. Ffq
also al such a. u held and used fxclvlyely
I for purposes purely religious. charitable. set
! entihc, literary or educational, aud peTsonal
/ properly 70 the vAlue Of one thousand dollars
| In the hands Of each taxpayer. and all persO-
nal property which Il the direct product Of
I the soil whilst IN the hands Of the producer
or II TIE hspds Of The immediate Vendee Of
! tbeprtducet, ~ articles Manufactured Of tie
/ produce Of fiie ctsieiof Teunsssee, WHISTLER
| DE prod uct of Is farm. orchard. garden or
| vineyard, and q, pfopeIfy declared egpmE
/ By section hfiyAiI Of the city charter, 81
other property sdlil be taxable a. herein pre-
| scribed.
Sec. i2. That the provitlous Of this ordi-
| nance shall apply 70 the assessment and taxa
/ ton Of the city for toe year ls72. and where,
/ ~ the assessment already made. any property
| hhrebF DECLARED 10 Be taxAkle has been
I omittd from tsEe,ion for the said year, y
| shAil be the duty Of the kayof, ~ and with
I the advice Of the General daHHcff, % appoiEt
a board Of as1ofa0rl. ~ nog provided b. ordi-
nance. and the said board 4 he sby required,
1 ssslh7rf delay. 70 asfcas tie Ff0tes.@ heseoy
dealafed 10 hc taNabie. and which has been
hnitts1 from such assortment. sccereing 70