Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1873-08-25
OR ID L N A N Q h
To FIX the Rate q 4 Taxation for the
FOrty.sfxth Corporate Year.

Be it ordained by the General Council of the
Section i. That tho following rates of taxa
ton, for the following specified purposes; BIO
and the same are hereby established, and that
taxes according TO such rates shall be levied
and collected upon the taxable property
within the city of Memphis, as assessed for
taxation, for the forty-sixth corporate year
(lS73), to-witi
First-For the sole and special purpose of
paying the interest as the same may become
due on the bonds issued or TO be issued by the
city of Memphis, one dollar on each enc hum
bred dollars worth of property. as assessed
for taxation, in the old city limits; and, for
the sole and special purpose Of paying the
said interest, fifty cents on each one hundred
dollars worth of property, as assessed for
taxation, in the limits of tho addition made
to the city by the act Of 1867.
Second-FOr the sole purpose OF provld"
ing a sinking fund to be used in retiring
the bonds Of the city, twenty cents on the
one hundred dollars worth of taxable Prop
erty in the old city limits, and ten cents on
the one hundred dollars worth Of taxable
property in TIE new limits added thereto by
the act of 1861.
Third-For the purpose of delraying the ex-
penses necessarily incurred in administering
the affairs of the city, one dollar on the one
hundred dollars worth of taxable property
Fourth For the support Of the public
schools of the city, and TO purchase lots and
for the erection of school buildings thereon,
thirty cents on the one hundred dollars worth
Of taxable property in the city,
Sec. 2. That the taxes for the forty-sixth
corporate year shall be due and payable on
and after the first day of August. 1873.
Sec 3. That, in order to encourage the
prompt payment of city taxes for the forty
sixth corporate year, the City Tax Collector
be and is hereby authorized and instructed to
allow each and every Taxpayer who shall,
previous 10 the 9Th of December. 1873, pay the
taxes due from him or her to the city of Menu
phis for the said forty-sixth corporate. year
(1S73) discount at the rate Of two and one
half per centum per month on the amount Of
such taxes so paid for the period of time 1t
shall be so paid previous to the first day of
January, 1874, and the amount so paid shall
be taken and accepted by the city as full
payment of such tax due by such person.
The privilege hereby offered shall not be ex-
tended beyond the 4h day of December, 1873.
After that date the Tax Collector is hereby
instructed TO collect tho full amount of all the
taxes then remaining unpaid.
See 4. That this ordinance take effect and
be in force from and after its passage,
Passed first reading, further action deferred
and ordinance printed by Board Of Aldermen
June %, 1873. Passed first reading by Coun-
Gil June %. 1878.
We, the committee, report its passage.
JOHN WALSH,
Chairman Aldermen Committee.
CA BEEHN,
Chairman Council Committee.
Report adopted and passed second and final
reading by ouncil and Board of Aldermen.
Approved July 9, 1873.
JOHN JOHNSON, Mayor.
Attest-L. r. RICHARDS, City Register.