Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1873-03-01
TENNESSEE LEGISLATURE.


4
sEMATE.
FRIDAY, FEB. 28.-The Senate n es
e g O'Clock A. NJ, Speaker Lacey In the
chair.
By Mr.. McCaIl-Providing for the ap-
| pointment by the Governor, Of board of
arbitrator, consisting of three persons, to
bear aad determine causes In the western
division Of the State, remaining on the dock
ct Of the Supreme Court, at the adjourn
ment Of the next term of the Supreme
| Court for the western division, said board
Of arbi' rators to meet at Jackson as soon
after the adjournment Of the Court ssprac-
ticable. Adopted. ~.
By Mr.. Smithson-Pr Providing for the
printing of 500 copies of the brief Of the
Attorney General Of the State in the "Tor.
bett issue" case. Adopted.
NEW BILLS,
By Mr.. Moody-Appropriating S65,000
for the use of the Tennessee hospital for the
insane.
By Mr.. Richardson--To amend the act
to provide revenue for the State.
By Mr.. Hamilton-Aui horizing persons
| representative to sue for injuries to real
property done in the life time Of the de-
ceased. Eff9 #5tAk
SENATE RESOLUTION.
Relative to cancelling Tennessee money
now in the hands of the State Treasurer.
Adopted. t
SENATE BILL ON SECOND READING.
To provide an additional hospital for the
insane. Passed.
REVENUE BILL. rrg
The consideration Of the revenue bill
was resumed, the following sections being
adopted:
Sec. 10. Be It further enacted, That In
| all cases where any bank or banking, in
suranceor other stock company or corpora
ton, liable to privilege tax under the laws
Of this State in lieu Of all other taxes, shall
| report for taxation its actual capital accord
| ing to the provisions of this act, and shall
pay all other taxes leviedby State and coun-
ty authorities on said company or corpora
lion under this act; then in all such cases
the individual share or stockholder 10 any
of said companies or corporations shall not
be required to report for taxation on their
individual returns said stocks or any inter-
est held and owned by them in said COM
panies or corporations.
Sec. IL. Be it further enacted, That stocks
Of goods, wares and merchandise shall be
listed so as to give the average amount of
the same for the period during the prece-
ding year that the merchant or firm may
have been engaged in business; provided,
this amount shall not include products Of
the soil in bis hauds as vendee of the pro-
Queer.
Sec. II. Be it further enacted, that stocks
of merchandise, wares, goods and chattels
sold at auction or on commission shall be
assessed for taxation; and the following is
declared to be the method by which the
amount to be returned or assessed shall be
determined, to-wit: Where any person,
company or firm shall have sold goods,
wares, merchandise or chattels at auction
or Oh commission, whether In the regular
business of selling at auction or on commits
sion, or shall have made such sales in con-
pection with any other business, to ascer-
tain the aggregate amount of SAID auction
or commission sales for the period and time
engaged in business, not exceeding twelve
months, and return one-third ofsa d amount
of sales for taxtion.
Sec. l3. Be it further enacted, that the
value of all notes, due bills, negotiable pa
per and accounts on solvent parties or par
ties believed to be solvent; and all other
assets, including cash balances on haad, or
on deposit in solvent banks or in the hands
of solvent parties belonging to any person,
company or firm, shall be assessed for taxa
ton.
Sec. IA. Be it further enacted, That all
the property described in articles 5, 6, z, s,
and 10 of section of this Act, shall be
assessed for taxation, as therein specified
and declared; provided, that in assessing
steam boats and ferry boats navigating
streams within or bordering on this State,
the same shall only be assessed to the ex-
tent of the interest therein Of any person,
company, or firm residing or doing business
in this State.
Sec. Is. Be it further enacted, That
should it at any time, after the assessments
have been made, come to the knowledge OF
the Chairman or Judge of the County Court,
the Clerk of the County Court, or the Coun-
ty Trustee, Sheriff or Tax Collector of any
county in the State, that any person, COM
pany, firm, or corporation in said county
have not been assessed as co6templGtad by
the provisions Of this Act, or have been as
sessed On an inadequate amount, it shall be
the duty of said Chairman or Judge, Clerk
or Trustee, Sheriff or Tax Collector to cite
said person, company, firm or corporation,
their agent, attorney or representative, TO
appear before them, for the purpose Of be-
ing assessed according TO law; and said
Chairman or Judge, Clerk and Trustee, are
hereby authorized and empowered to make
the proper assessment against said person,
company, firm or corporation; and should
it appear that said person, company, firm oil
corporation did in any manner conniye al
or purposely evade said assessment, or did
knowingly permit an inadequate assessment
to be made, said Chairman or Judge, Clerk
and Trustee, shall correct said assessment,
and shall add fifty per cent. to the amount
of said assessment, and cause the same to
be entered upon the tax books for collec
ton.
Sec. 16. Be it further enacted, That
the assessed taxes on all real estate, and al
penalties and costs, accruing thereon, shall
. be and remain lien upon such real estate
from the 10Th of April of each and every
year; and this lien shall extend to each and
every part of all tracts, or lots of land, not
withstanding any division or alienation
thereof, whether the same be assessed IN
the name of the true owner thereof, or il
f the name Of persons not owning the same
or though the same be assessed to unknown
owner; and the person, company. firm or
corporation owning the same on that day
snail De HaOl0 lOr the VaA0S, HOW lIusbano
ing any subsequent alienation.
Adjourned till O'Clock P. NJ.
Afternoon Session.
Senate met pursuant to adjournment.
SENATE BILL ON THIRD READING.
Providing that when any money, bonds
or other property shall be attached or held
under process of law, claimed by the State
and any other person or corporation, the
court wherein the cause is pending may or
der the property out of the hands of any
persons holding the same and order such
property into the custody Of the State
Treasurer, to be held by him subject to the
final order of the court. Passed.
REVENUE BILL.
The consideration Of the revenue bill
was resumed, and the following sections
/ adopted: ..-...-
i Sec. II. Be it further enacted, that the
= County Court of each county in the State
} shall at its April term, 1873, land at its Jan
uary term each year thereafter, elect an
Assessor for each civil district in said coun-
ty, and in the cities Of over 10000 inhabit-
ants, an additional Assessor for each ward
in said city, and if the court should fail to
} elect such Assessor at its April term, 1873,
the Chairman or Judge shall call specia
term for the first Monday Of the MAY