Clarksville weekly chronicle. (Clarksville, Tenn.) 1873-1890, 1873-04-12


D ship or merchantile firm, who is mo-
f Thoroughly acquainted with such bu.
4 iness. The word capital" as used i
3 the foregoing sections, shall be cor
: strued so as to mean the largest amour
of stock on hand at ony one time
the year where it is offered for sale.
SEC. q. Be it further enacted, Tha
, the bond herein required shall be for
feited by a failure to render the state
ment under oath required by this aci
or by rendering false statement, o
| by falling to pay the taxes assessed d
the time and in the manner requiret
by law; and it shall be the duty of tn
County Court Clerk to report all de
linquents to the Attorney General O
the circuit, whose duty it shall be Il
bring suit in the proper court upol
any forfeited bond to recover the pen
atty thereof.
SEC. y. Be it further enacted, Tha
| the Clerks of the County Courts OF
the several counties of this Stat,
shall collect all taxes ON merchants
and privileges, as now provided by law
and shall be subject to all the pain.
and penalties for failure to pay sucf
taxes over to the Comptroller that are
provided for in in this act in the cast
of tax collection, provided that, il
counties were privilege tax collector
shall collect the same.
SEC. %. Be it further enacted, That
the value of all notes, due bills
negotiable paper, accounts, and judg-
ments on solvent parties, on parties
believed to be solvent, and all assets
including cash on hand, or on deposit
IN solvent banks, or In the hands OF
solvent parties, belonging to any
person, company. or firm, shall be as
sessed for taxation, from which, how
ever, shall be deducted all bona fde
debts incurred in conducting the reg
ular business ofsuch person, firm, etc.,
and pertaining to the same business
out of which arose the notes, due bills,
etc, from which such debts are to be
deducted.
SEC. "a Be it further enacted, That
all the property described in articles
5, 6, Z. 8, 8, 10 and ii for section Z of
this act shall be assessed for taxation,
according to Its value; provided that,
In assessing steamboats, and ferryboats
navigating streams within or border
ing on this State, the same shall only
be assessed to the extent of the inter-
est therein of any person, company or
firms residing or doing business in this
State Hsti 1
SEC. 25. Be it further enacted, That
should it, at any time after the assess
ments have been made, come to the
knowledge of the Chairman or Judge
of the County Court, the Clerk of the
County Court, the County Trustee,
Sheriff or Tax Collector of any county
in the State, that any person. company,
firm or corporation in said county
have not been assessed as contempla-
ted by the provisions of this act, or
have been assessed on an inadequate
amount, it shall be the duty of said
Chairman or Judge, Clerk Trustee,
Sheriff or Tax Collector to cite said
person, company, firm or corporation,
their agent, attorney representative,
to appear before them for the purpose
of being assessed according to law;
and said Chairman or Judge, Clerk
and Trustee, or Tax Collector, are
hereby authorized and empowered to
make the proper assessment against
said person, company, firm or corpor-
alton and should it appear that said
person, company, firm or corporation,
did In any manner connive at, or pur-
posely evade such assessment, or did
knowingly permit an inadequate assess
ment, to be made, said Chairman or
Judge, Clerk and Trustee, or Tax Col
lector shall correct said assessment.
and shall add fifty per cent. to the
amonnt of said assessment, and cause
the same to be entered upon the tax
books for collection.
SEC. 26. Be it further enacted, That
the assessed taxes on all real estate,
and all penalties and costs accruing
thereon, shall be, and remain a lien
upon such real estate from the 10th
day of January of each and every
year; and this lien shall extend to
each aud part of all tracts. or lots of
land. notwithstanding any divisions or
alterations thereof.
SEC. q. Be it further enacted, That
the County Court of each county in the
State shall, at its April term in 1873,
and at its January term, every year
thereafter, elect an Assessor for each
civil district, except in cities of over
twenty thousand inhabitants, and in
such cities, there shall be an Assessor
for each ward If the court should
fail to elect such Assessor at its April
term, 1873, the Chairman or Judge
shall call special term for the first
Monday of the following May to elect
such Assessor.
SEC. q. Be it further enacted, That
each assessor so appointed shall be a
resident of the civil district or ward
for which he is appointed.
SEC. %. Be it further enacted, That
the Chairman or Judge of the County
Court may, in vacation, appoint an as
SCISSOR for any district or ward inwhich
the County Court has omitted to ap-
point, or where the appointee, by rea-
son of sickness or other sufficient ex-
cuse, is unable or refuses to perform
the duty.
SEC. 80. Be it further enacted, That
each assessor, on being notified of his
appointment, shall proceed to assess
the property in his district or ward Ii
able to taxation, according to the re-
quirements of this Act, and to this end
shall commence at some corner or out
side point of his district or ward, and
assess the property in rotation as 1t
joins, or lies contiguous to property
Just assessed, or about to be assessed,
and shall proceed in some regular
manner until he shall have made the
circuit of district or ward. Said
assessor shall see each lot, tract or
parcel of land, or otherwise obtain
satisfactory information in regard
thereto; and shall enter each assess I
ment in a suitable book, to be furnish
ed by the Clerk of the County Court.
SEC. 81. Be it further enacted, That
the assessor shall furnish to every per-
son, company, firm or corporation re-
quired to list his property for taxation,
the proper blanks for that purpose; and
it is hereby made the duty of the Comp
troller of the Treasury to furnish the
Clerks of the County Courts of this
State, the printed forms for listing and
assessing property to be distributed
by the said clerks to the several asses
sOrs for districts and wards. Said
blanks shall enumerate all exemptions,
and shall contain a synopsis Of the
laws for the assessment Of prop
erty. He shall furnish properly ar
ranged schedule and classification of
property for the convenience Of listing
said property by separate items as
herein required and each taxpayer
shall be required to take the following