Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1877-03-29
TAXATION OF RAILROADS.
Provisions of the Bill lust signed
By the Governor.

Provisions OF the Bill lust Signed
BY the Governor.
Governor Porter has signed the
bill introduced by Mr.. Wilson, OF
Sumner county, to amend the bill
declaring the mode and manner
Of valuing the property of u rail,
road company for taxation" passed
March 20, 1875, and to adjust the
rights of the State and railroads in
Tennessee under the decision of the
Supreme Court, holding that the
11th section of that act is uncon
stitutional. 1t declares that the
railroad tax assessors provided for
by that act shall hold their office
for two years and until their sue
cessors are appointed and qualified
At the first meeting of the assess
ors after their appointment one OF
their number shall be elected presi-
dent and another secretary Of the
board. The duties of the latter
consist in recording the proceedings
of %he board, and preserving and
filing away all reports, docu.
ments and proof taken and used by
the assessors. AS soon as the rail
road tax assessors shall have COM
pleted their assessment of any rail
road, they shall give notice for four
days Of that fact through one OF
the leading newspapers published
IN Nashville; and all parties inter-
ested in the assessment may, in ten
days after the publication, file ex-
ception to the same, with any proci
they may desire, which shall be ex.
amined by the assessors and passed
upon; and if in their opinion their
first assessment is erroneous, they
shall correct and certify it to the
comptroller. All proof taken by
the assessors shall be reduced tC
writing, and be sworn to and signed
by the parties; and they shall MAKE
such rules and regulations as they
may think proper, as to notice anL
the time and mode of taking al
proof, so as to afford the parties in
terested an opportunity to be pres.
ent and cross-examine witnesses.
The governor is authorized to cal
a meeting of railroad tax assessors
at any time he may deem it neces
sary, to perform the duties imposed
by this act and the act amended b,
it. The assessors in giving railroad
companies exemptions under sec
ton 6 of the act passed in 1875
shall deduct only one Thousand
dollars and the "real cash value o
the individual shares" which arr
owned in Tennessee, and which arr
liable to taxation under the revenue
laws of State; and the railroad
operated in the State are required t.
furnish acomplete list Of individual
shares.
The assessment provided for BY
this act and the act passed in 1875
shall be for two years, and for every
succeeding two years there must b(
a new assessment. All railroads
in the State liable to taxation shal
by the first day of May, 1877, fur
uish the schedule and report
required by the act of 1875; anC
the tax assessors hereafter tt
be appointed by the governor
shall assess all such railroads, anC
where any Of them have beer
assessed under the first ten sec,
tions of the act of 1875, by reason
of having accepted and complied
with the provisions of the It'll
section of that act, the assessors
when they meet, shall assess
them for the years 1875 and 1876
and also those in the State liable
for 1877 and 1878. All railroad,
which accepted and complied witt
the provisions of the 11th section
Of the act of 1875, shall be entitled
to a credit for the amounts respect
lively paid by them to the State
under the assessment made, or t
be made, under this act and the ac
Of 1876, for the years 1875, 1875
and 1877; and il the amounts SC
paid by the companies shall exceed
the assessment for those years, tht
excess shall be refunded by the
State to them, with interest.
The sultan is the husband of one wife
and the sultana is credibly reported to b,
a Belgian, very pretty, very clever, auc
onoe pupil Of Nine Elise, Itis no
the first time that Western woman has
held the Padishsh in sway. The sultan
who is somewhat Of an;ngenuous youth
is reported TO have inquired Of bis wifi,
If she had ever met Lady Salisbury
] L. Il II