Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1877-03-28
WHAT THE LEGIsLATURE has &C
CUMPLIsHED.

COMPLIsHED.
The Nashville Banner of the
26th contains a resume of the work
accomplished by the legislature "
to that issue. From this we select
the following as general and mos
important, but not including yes.
terday'S proceedings;
AT an early day in the session a reso
luton was adopted to suspend all further
payment of interest upon the State bondi
until otherwise ordered, except that a
heretofore the interest on so many q
said bonds as are owned by the educa
tionsl institutions within the State shall
continue to be paid. This wa adopted
in view of the proposed conference with
the bondholders, looking to a compro
mise of the State debt.
The following are the headings Of bills
which have passed:
An act to repeal an act entitled An
act to increase the revenue of the State
aud to encourage wool-growing," other
wise known as the dog law. This repeal
was hurried through, in consequence OIL
the decision OF the Supreme Court, de.
claring the dog Law unconstitutional.
The bill repeating the conventions
interest law, and making the legal ram
of interest six per cent was one OF the
important measures passed during the
session.
An act to be entitled IAN act 10 de
clare the terms on which foreign corpor-
atoms organized for mining or manulac.
turing purposes may carry on their bust.
ness, and purchase, hold and convey real
aud personal property in this State"
This act was passed allowing ell corpor.
atoms to carry on business under the
laws Of Tennessee, and was especially
for the benefit Of the Southern States
Coal, Iron and Mining Company" which
proposes to invest one-half q million Of
dollars in the coal regions Of Tennessee
A bill by Ne. Peters to deprive the
State of the power to borrow money,
and to repeal section Fl Of an act passed
March |, 1869, entitled an act to amend
the revenue laws of the State.
To change the time Of the sessions OF
the Supreme Court, and to make il meet
at Nashville in December, Jackson in
April and Knoxville in September.
To grant to the purchasers OF rail.
roads under mortgage all the rights.
powers and privileges under the charter
OF the road so sold.
To declare the mode and n OF
Valuing the property Of telegraph CON.
panies for taxation, and Of taxing sleep.
ing cars. This bill provides for the tax
irg OF telegraph companies similar to
the mode OF taxing railroads under 90
act passed March 20, 1875.
To authorize municipal corporations
to settle their Indebtedness By issuing
new bonds at the rate Of fifty cents on
the dollar.
An act to amend an act entitled "sn
act declaring the mode and manner OF
v%aluing the property Of a railroad com
pany for taxation, passed March 20.
1875 and to adjust the rights Of the State
and railroads in Tennessee uuder the de
cision OF the Supreme Court, holding
that the lllh section o. said act is IN.
constitutional. This bill simply pro.
yides for assessors to be appointed to
value the roads for the benefit of the dill.
terent counties through which the rail.
roads run.
To prohibit the sale of intoxicating
liquors within four miles Of any institu.
ton Of learning. This does not apply
to Incorporated towns.
10 extend the time 10 which TO collect
Tue State and county taxes assessed Tor
the year 1876 sntil October 20, 1877, and
municipal taxes until April !st.
10 exempt teachers Of common schools
from road and jury service.
10 amend an act passed June IL. 1870
entitled an act regulating the elective
iranehise ~ accordance With section 4 o.
article OF the State constitution. This
provides that candidates for Office can
vote In any ward or district in their
county.
To give the chancellors Of the State
concurrent jurisdiction with the circuit
court judges in granting writs Of certio.
ran and supercedeas removing cause
rom justices courts to circuit courts.
10 repeal so much OF the act to more
caeaply collect State, county and munic.
iPSl revenue as relates to the collection
OF municipal revenue aud to allow cor.
porations Of less than 5000 Inhabitants
TO collect aud disburse their " reys
nue.. 80
To place Memphis in the hands Of q
receiver on application Of creditors and
when %mandsmuses to the amount Of
So9O,oCO shall have been sued out, 1926,
OOg being OF present sued out.
To define lawful fences, making q
plank or rail fence four feet high and 4
stone fence three and a half feet high, OF