Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1873-02-28

THURSDAY, Fehs z1-Ihe Senate met
at 10 o'clock A. NJ, Speaker Lacey in the
chair.
BY Mr.. Morgan-From citizens of Brad
lev and other counties adjoining, asking
that the Bank of Cleveland at Cleveland,
Tenn, may be designated as a depository
for revenue collected in those counties. Re
ferred to the Finance Committee.
By Mr.. Richardson-From e. D. Han
cock, John w. Childens and Smith Car
ney, Esqs., asking that the benefit of the ex-
emption laws may be extended to single
men who are housekeepers and farmers.
Referred to the Finance Committee.
NEW BILLS.
By Mr.. White-To amend section 1851
of the Code.
By Mr.. Snipes-To incorporate the Miss
issippi and Tennessee Railroad Company.
By Mr.. Smithson-To incorporate the
Nashville Life Insurance Company. In
offering this bill, Mr.. Smi.hson said he in
PRODUCED It at the request of certain parties
in Nashville, and he did not know without
examining 1.-THE bill, whether it could be
legally incorporated or not.
SENATE RESOLUTIONS.
To change the name Of Doorkeeper in the
Senate to Sergeant-at-Arms. Adopted.
To release certain lot in Germantown,
the property Of Beverley Thompson.
Adopted.
Indicating the sense of the General AS
sembly to be that the debt of the State
should not be funded, as provided for by
various bills now before this body.
Mr.. Moody moved to lay the resolution on
the table. Carried.
REVENUE.
Mr.. Tillm&n offered the following:
Resolved, That no change should be
made in the number of Assessors. Adopt
ed.
The House revenue bill was then taken
up and debated at length. Pending which
the Senate took recess until 2:45 p. m.
Aftern DON Session.
Senate met at 8 o'clock when the con-
sideration of the revenue bill was resumed,
being taken up section by section down to
the sixth section. The first five sections,
as amended, read as follows:
| Section /. BE it enacted by the General
Assembly of the State of Tennessee, That
all property, real, personal and mixed, shall
be assessed for taxation, except such as is
declared exempt in the next section.
Sec 2. Be it further enacted, That the
property herein enumerated shall be exempt
from taxation, and none other.
l. All property belonging to the United
States; to the State of Tennessee; to any
county in the State; or to any incorporated
CITY or town in thu State that is used ex-
clusively for public or corporation pun
poses.
All property belonging to any religious,
charitable, scientific, literary, or educa-
tional institution, and actually used for the
purpose for which such institution was
created.
3. All property appropriated for the use
of public schools, colleges, academies, and
other seminaries of learning.
4. AL cemeteries, places Of burial and
monuments of the dead.
5. All roads, streets, alleys and promena
des, where condemned, dedicated or thrown
open for public travel or use, free of charge.
6. All growing crops of whatsoever ma
ture or kind; the direct product of the soil
in the hands of the producer or his imme-
date vendee.
Z. Personal property to the value of one
thousand dollars.
Sec. 8. Be it further enacted, That in or
der to provide revenue for State and coun-
ty purposes, personal property, privileges
and polls, shall be assessed annually as
hereinafter provided for.
Sec. 4. Be il further enacted, That the
basis of all assessments shall be as follows,
viz:
/. To assess the property to the person
or persons owning or claiming to own the
same, on the 10th day of April, of the year
for which the assessment is % ade, if known,
if not, then TO unknown owners.
2. To assess property at its market value
on credit of one and two years. deduct
ing fifteen per cent.
3. To assess the personal property at the
same value at which it ought to be ap-
praised in payment of just debt, in cash
from a solvent debtor.
4. To assess the property in the district
or ward in which it lies, or is known to be
at the time of assessment.
Sec.5. Be it further enacted, That in as
sessing real estate, the following shall be
shown:
1. The description of the property.
2. The anne of owneE~or owners.
8. The value of land or town lot with
improvem ents.
4. The value Of mills, manufactures, dis
tilleries, breweries, loundries, and other
buildings used for like or similar purposes.
Adjourned till Z O'Clock P. NJ.
Evening Session.
Senate met at Z O'Clock. The consider
alton of the revenue bill was proceeded
with, the bill being adopted as follows,
! down to the tenth section:
Sec. 6. Be it further enacted, That, in
describing real estate the following rules
shall be observed:
1. The number of the town lot, Cor
block) of which the property is the whole,
or part, shall be giVen--the name of the
street, avenue, alley or road, on which it
fronts, and the front feet thereon, shall be
given, unless the size, dimensions and guam
tity can be more conveniently given in
acres, but failure to assess according to
this section, shall not vitiate sales Of land
| for faynq