Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1872-04-15

have been levied upon the property included
| in the original tax list.
bank. institution or company declared TO be
taxable by the provisions of section ten of this
| ordinance. shall BIO assessed and taxed TO the
respective stockholders IN such bank, institu.
tion OF 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
stockholder reside n the city Of Memphis OF
rate as other moneyed capital and personal
property.
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 share OF
stock in such banking business. and such
shares shall be included in tho assessment Of
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 thom in such banking business, as
certained as above provided, and the shares so
held by any partner shall be included in the
valuation Of his taxable property in the as
and such individual banker shall pay the
same. and make the amount so paid charge
on his account with such partners; and II such
individual banker have no partners, or part
shares in such business of banking, ana 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 the ONCE
where the business of such bank, institution
orcompany 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 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 a 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 or lpstltu;
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 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 toe 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 fined
in any sum not less than five, nor more than
fifty, dollars.
Sec. IS. That it shall be the duty Of the City
Comptroller, at the time the Board of Assess
ors enters upon the discnarge OF ils duues, 70
ment lists SO prepared that the several descrip-
tons 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 coll
umns ; and it 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 the assessment lists are COM
peted. 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
contained in the assessment lists, shall show
in separate and distinct columns, the differ
ent 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
and deliver the Comptroller receipt for the
same. which the. Comptroller shall preserve
among the records and papers Of his office;
Preceded, That the tax book that may be
maze from any supplemental or additional
assessment list shall 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
shalt be filed in the office of the COMPTROLLER.
there to remain as record Of his ONCE, as
shall also the assessment lists.
Sec. 20. 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 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
reeted 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
delinquent taxpayer in the name Of the city
of Memphis for such amount as may be due
from him or her.
PRIVILEGES.
Section 81. 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
the sum of Sle0.
2. Every owner or keeper Of a shed, ware
house or other place for the storage of cotton
or other articles. for each place per annum,
500.
5 Every person other than the producer,
and every firm engaged in the buying and
Sc ling Of cotton within the city. per annum,
4. Every real estate broker and every gem
eral collector, and every agent holding him,
self out to the public for the collection OF
rents. annually, the sum Of $780,.
s. Every person who engages in the BUSH
ness of a broker Of commercial paper, and
every general broker or commercial agent.
annually. the sum of 500.
6. From each travelling commercial agent,
generally known as a drummer, representing
persons, firms or corporations. proposing 10
sell goods. wares. merchandise or manufac-
lures, either by sample or by representation,
monthly the sum Of SIS, or per annum 500,
provided that nothing in this section shall
prevent regular merchants or their salaried
clerks, from exhibiting samples. or selling
thereby TO other licensed dealers. Il
I. Every auctioneer. or firm Of auctioneers,
doing business az one place only, per annum,
$3.50. But this shall in no wise authorize the
selling By any auctioneer Of any goods. wares.
or merchandise at private sale.
8. Every person offering TO sell patent
rights. per annum, so
3. Every keeper of game or hsh store, Tor
each store, per annum, so.
10. From every person. or hrm, having
licensed retail shop. who furnishes oysters or
other refreshments as they may be called Tor,
in addition to the retail license for liquors,
annually the sum Of S25.
II. Every retailer Of tobacco or cigars, in