Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1879-02-01
THE OLD AND NEW.

~ ~ ,"iVic cIi taxes on capltai invest
ed bank stocks and other stocks sub
lect to tax within the territorial limits
OF such extinct corporations, as fol.
lows, viz: l8cents on the 800 to de-
Tray the expenses Of the police depart
ment; 10 cents on the 500 TO defray
the expenses Of the fire department.
III cents on the 500 for lighting
streets and public buildings 10 cents
on the 800 for the maintenance of
public schools; 30 cents on the 500
for the repair and paving of streets
and bridges, and construction of sew
ers, drains and sanitary purposes and
an annual tax on all privileges exer
cised within said limits, and not above
enumerated in this section, and taxed
by ad valorem assessment equal to
one half of the tax imposed thereon
for state purposes, said privilege tay
to be applied to the paving of streets
and construction of sewers or drain
age of said territory. All moneys de-
rived from fines and forfeitures, mar
ket rents and inspection fees, shall be
paid over to the said trustee, and held
for payment Of salaries Of commits
sioners, engineers, printing, sanitary
and other expenses. and poll tax of
one dollar upon all taxable polls.
which shall be used for hospital pur-
poses. Said tax shall be collected by
the county trustee, in lawful money of
the United States, as other State taxes
are collected, each fund by him to be
kept separate and to be paid out
by him for the purpose specified
upon joint warrants of two of
said commissioners. In no case
shall the fund collected for one pur-
pose be used for any other, nor shall
said commissioners issue any warrants
unless the money is in the hands of
the trustee at the time to redeem it,
under penalty of being personally
liable for the amount recoverable by
the holder of the warrant. The tax
levied under this act for the year
1879 shall be due aud collectable i'm
mediately.
Sec. 10. BE it further enacted, That
there is hereby levied a wharfage tax
upon all steamboats, and other water
craft landing at such territory, to grade
and pave such wharf and keep the
same in proper and safe condition for
use, as follows, viz: All steamboats,
barges, and hulls used as barges, shall
pay five cents per ton, which shall en-
title them to the privileges of the
wharf and landing TO receive and dis
charge freight and passengers for a
period Of six days, and two cents per
ton for each day they remain after six
days, except such steamboats, as make
two or more trips per week, they to
pay half the above rates each trip, but
in no case shall they be required
to pay in the aggregate more than is
paid by boats of same tonnage for
same time; provided, that all steam
boats, barges and hulls that remain at
the landing six hours or less shall paw
the following rates of wharfage: For
100 tons and under, So from 100 TO
200 tons, So; from 200 to 300 tons. 81
from 300 to 400 tons, IS, and 81 addi-
tional for each 100 tons over 400 tons.
and One-half of above rates for each
additional six hours they may re-
main. All fatboats shall pay So for
each landing and 81 for each day they
remain at the landing except SUNDAYS.
Said dues shall be collected by the
county trustee and kept by him as a
separate fund and to be expended by
said commissioners, solely in the i'm.
provement and repair of the wharf. to
be paid out for that purpose by the
county trustee ON the joint warrant of
two commissioners. Said trustee may
employ deputy to collect wharfage
at salary of $500 per annum, to be
paid out of said wharfage dues
Sec II. Be it further enacted, That
the diversion Of any portion of any of
said taxes or wharfage dues or other
funds from the purpose for which they
were levied by any of the commits
sioners or by the trustee, shall be
felony for which the guilty party, upon
conviction, shall suffer Imprisonment
in the penitentiry at hard labor for
two years.
Sec. IL. Be it further enacted,
That said commissioners shall not is
sue any bonds, notes, scrip or other
evidences of indebtedness, and shall
in no event contract for work or ma,
terial or services in excess of the
amount of tax levied for such work,
material or service for that year, and
parties contracting with said com
missioners for work, material or SER
vices. shall look alone to the tax for
that purpose for that year and no sub
sequeDt tax shall be levied to meet
the deficit, and no property, real or
personal held by said commissioners
for public use, shall ever be subject 10
execution or attachment or seizure
under any legal process for any debt
created by said commissioners and
all taxes due oE moneys in the
hands OF the county trustee or on
deposit, shall be exempt from seizure
under attachment, execution, garnish-
ment or other legal process, nor shall
said commissioners or the county
trustee be liable TO garnishment. And
said commissioners and said trustee,
and other governing agencies employed |
by this act, are expressly prohibited !
from leyying any taxes for any puT-
pose, that power being reserved to the /
legislature, and no writ of mandamus
or other process snail lie to compel
them 10 levy any taxes, nor shall the |
commissioners or said trustee, nor the
local government created by this act,
pay or be liable for any debt created |
by said extinct corporation, nor shall /
any Of the taxes collected under this
act ever be used for the payment Of
any Of said debts.
Soc. 10. Be Il further enacted, That |