Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1878-02-19

Zach. The Treasurer shall also have
made and preserved in his office pro-
Der registry of every bond and certii-
,ate delivered by him to the Second |
Auditor; and whenever a coupon bond
shall be issued he shall secure and pre-
serge the signature of the person or firm
IN whose name it issues as a part of such |
registry, Whenever practicable.
s. This General Assembly, believing
that an adjustment based upon the fore
going provisions will accomplish the
objects set forth in this act, and at the
same time place the public debt upon a
surer basis than it now occupies, earn
estly solicits the cooperation Of the
Of the State in the proposed
adjustment, and so far as it may, pledges
the good faith of the people of this Com
to prompt and full dis
charge Of the obligations thereby assum-
ed.
9. This act shall be in force from its
passage.
MR.. BARBoUR's BILL.
The following is copy Of House bill
No. 92-patron, Mr.. Barbour-as it pass
ed the House Saturday, the 9th inst:
A bill imposing tares on real and per-
sondJ property to meet the necessary
p expenses of the Government, for public
free school purposes, and to pay The
interest on the public debt.
Whereas the condition of the people of
this Commonwealth is such as to render
an increase of the rate of taxation upon
property impracticable, and the General
Assembly Of Virginia, conceding that its
power to tax the property or person of
the citizen must at all times be confined
within the reasonable limits prescribed
by what in the judgment of the General
Assembly, is the ability Of a citizen to
pay without ruinOus damage to his pro-
perty and business, hereby declares that
the present rate of taXation-to wit j:
fifty cents on every hundred dollars of
the assessed value of property is the
utmost limit to which the General AS
sembly should proceed in levying taxes;
and whereas the revenues of the Com
taxation (Which is the highest that
should be imposed, will not enable the
Common wealth to maintain its govern
mental organization by paying the ne
cessary expenses incident thereto, under
the most rigid system of economy; and
to discharge its constitutional obligation
to the system of free schools. ordained
by the fundamental law Of this Com
monwealth, and to pay the present rate
of interest on the amount claimed as the
principal OF the public debt and, where
as, the preservation of the State Govern
ment is absolutely necessary, not only
for the protection of the person and pro-
Lperty of the citizen OF the Common
wealth, but for the preservation of the
| rights, and promotion of the interest Of
the creditor of the Commonwealth
| therefore
/. Be 1t enacted 6yMe General ASSEM-
| big, That on all tracts and lots of land
and the improvements thereon not ex-
empt from taxation, and on all personal
property and chooses in action and on all
| toll-bridges and ferries, there shall be q
tax, first. of.twenty-ive cents On every
one hundred dollars of the assessed val
ue thereof, which shall be paid aud col
lected only in lawful money of the Uni
ted States for the exclusive purpose of
defraying the necessary expenses of
maintaining the government of this
Commonwealth, as the said disburse-
| ment may be directed by proper appro-
priatiOn acts of the General Assembly !;
second, of ten cents on every one hun
dred dollars of the assessed value there
of for public free school purposes, which
shall be paid and collected only in law
full money of the United States, and shall
be paid into the treasury TO the credit of
the public free school fund, and shall be
| used for no other purpose whatever
third, of fifteen cents on every one hun
dred dollars of theNassessed value there
Of to pay the interest on the public debt.
2. 1t shall be the duty of the Auditor
of Public Accounts to have prepared as
soon as. practicable the necessary books
for the commissioners of the revenue,
with sufficientand appropriate columns
for designating and setting apart the
several taxes hereby levied for the.ob-
jects and purposes herein recited.
3. 1t shall be the duty of the treasu-
rers or other collecting officers of the
counties, cities, and corporations Of the
Commonwealth, as soon as the commits
sioners of the revenue shall deliver their
books OF assessment, to have made out
tax bills, in which shall be specified the
amount of tag levied for each of the
purposes above named, and shall keep
the same separate distinct from each
other upon the books of their Offices
The said treasurers or other collecting
officers shall, as soon as said books are
delivered to them, and the said tax bills
made out, proceed to collect the same as
now required by law, and pay into the
treasury the amounts SO ceilested by
them; which amounts shall be placed
to the credit of accounts which shall be
kept by the Treasurer and denominated,
first, the account of money paid in and
disbursed for the purposes of defraying
the expenses of maintaining the govern
ment of the Commonwealth second,
the account of money paid in and dis
bursed for public free school purposes :;
third, the account OF money paid in and
disbursed for paying the interest on the
public debt; and the funds so credited
to these several accounts shall be dis
bursed for the several purposes de-
signated for the said accounts in such
manner as may be prescribed by law.
4. The collectors of the public revenue
shall in every respect conform to the re-
quirements of section three of this act
in collectingan renting said revenue,
and upon a failure thereof, shall be pro-
eeeeled against in the same mode as is
directed against the treasurers and other
collecting officers of the counties or cor
porations by existing laws,
! 5. This act shall be in force from its