Southern standard. (McMinnville, Tenn.) 1879-current, 1891-04-04
NEW.MADE LAWS.
A Synopsis of the General Bills Which
We're Passed.
Nashville American.

Nashville American.
Nearly 800 bills were offered dur
ing the session just passed. OF these,
265 became laws. The great majors
ty are fer changing county lines,
court appointments and the corpora
tons of towns. Memphis and Nash>
vile get nine local measures each.
The general laws made by the Forty
seventh General Assembly are classi>
fled as follows:
RAILROADS AND CORPORATIONS.
The laws governing all insurance
companies except life, plate glass and
live stock insurance companies have
been compiled in one voluminous act
and the added provision is incorpo>
rated that each company must have
a paid-up capital stock of $2O0,OOO for
each kind Of business transacted. An
amendment to this law, made later
in the session, provides that the res
serve funds or assets Of all except
life, plate glass and live stock insur~
ance companies may stand in lieu of
capital stock.
Corporations may take their own
stock in payment for real estate, pros
vided the debts of the company do
not exceed % per cent. of the value
of its real estate remaining unsold..
The law requiring foreign mining
and manufacturing companies to
register their charters with the Sec
rotary of State and file an abstract
with the trustees Of the counties in
which they do business, is extended
to building and loan associations,
bond and investment companies, real
estate, land, labor and immigration
companies, co operative associations
cotton compress and warehouse assoc
Citations and companies, electric anC
gas light and power and steam pow
er companies, stockyards, cold stor-
age companies, telephone and tele'
graph companies, waterworks ant
wrecking and railway companies
These shall then become the same a.
domestic corporations.
The act providing for the organizes
ton Of corporations is extended t
plumbing, heating, steam and gas fit
ting companies.
The tax on machine shops anC
foundries shall be $25 each, and wheI
the two are combined. $50 for TIT
two. This is a change from the tai
of $50 on either or both.
Building and loan associations arr
required to deposit securities on mort
cages.
All mineral interests in land shall
be taxed as real estate.
Railroads are directed to provid
! separate and equal accommodation
for white and colored passengers.
Railroads are allowed to buy tn
lines Of other roads in the State, pro
; vided they are not parallel or cOmpe
titing lines, by the issue Of their ow
capital or bonds, or by guaranteein
! those issued by the old company.
LabOrers and sub.contractors ar
given lien on the property and fran
chises of railroads, provided it
, claimed in ninety days after compile
ton of the work.
7 Section masters of railroads in tn
State must give immediate notice {
s the killing or injury of live stoc
s by their trains or locomotives, and
board Of appraisers shall fix the lO'
( and provide for its collection.
Gate-keepers on turnpikes are pre-
6 hibited from collecting toll both way
on round trip.
The grades Of maCadamized turf
0 pixies may reach as much as degree
? instead OF five degrees, as formerly.
= MUNICIPAL RIGHTS AND PRIV
LEGES.
The power of eminent domain
conferred upon municipal corpori
! tions for certain public works, incll
ding parks and haymarkets.
Bills in chancery for collection
back taxes in corporations may il
clude twenty-five parties, and ifthe
n are as many as twenty-five pieces
J, property to be taxed the bill sha
n. not contain less than twenty-fi'
Z parties.
4. POWERS OF COUNTY COURTS.
e, County Jail physicians shall be elC
n ted for three years instead of fo
It. years.
Judges of criminal Courts are mat
eX.office inspectors of work houses.