The Montgomery advertiser., 1903-03-11
AN ACT
J. Thos. Heflin, Secretary of State.

| No 1s4) Ih: l4' To better provide for the revenue of the | State.
 | Be it7o enacted,aAby 1othei Legislature | of Alabama, That subdivision tWc of Section BOOT of the Code as amended by
 the General Assembly, approved March D
 1901. be amended 80 as to read as follows 2. All bonds of the United States and of this State; all property, real and personal, of the State, and of the county and municipal corporations in the State all cemeteries (but where cemeteries are owned, held and lots sold therein for profit the same shall not be exempD and all lots in incorporated cities and towns
 or within one mile of any city or town to the extent of one acre, and all lots
 one mile or more distant from such cities or towns. to the extent of five acres, with the buildings thereon, when the same are owned and used exclusively for re- ligdous worship, educational or purely charitable purposes: all school furniture and personal property used exclusively for school purposes; and all property,
 real or personal, to an extent not exceed
 ing twenty-five thousand dollars in value
 that may be used exclusively for agri- cultural or horticultural associations of a
 public character.
 That Section 1 of an act entitled an act to exempt cotton and other agricultural products, and pig iron from taxation in
 the hands of the producer, or in the
 hands of the purchaser. purchasing the
 same for prompt shipment approved
 February 23d 1899, be amended so as to
 read as follows:
 Section l. That cotton and other agri-
 cultural products and pig iron shall be exempt from taxation in the hands of the producer or the hands of a purchaser,
 purchasing the same for prompt ship
 ment. and pig iron shall be exempt for
 F months after its production. That that part of Section 39l1 of the
 Code of Alabama. which Is in words and figures as follows, to-wit: "3911 (453 )
 Subjects and rate of taxation. For the use of this State, and to raise revenue therefor, there Is levied an annual tax
 of tifty-hve cents on each hundred dol
 lars in value upon the following prop
 erty:" is hereby amended so as to read as follows, to-wit:
 3911 (453) Subjects. Objects and Rate of Taxation-There is hereby levied for
 the purposes named, upon the property
 hereinafter named, in lieu of all taxes
 heretofore levied. annual taxes as fol- lows, to-wit:
 (a) For the maintenance of the public SCHOOLS OI tIlo CldNS luEly Npilto Ott ooCAi hundred dollars of the assessed valua- tion of taxable property;
 Cb) To carry out the provisions of an act For the relief of Needy Confeder-
 ate Soldiers and Sailors. resident citizens of Alabama and their widows" approved February 23d, 1899, to be separately re- ported by assessors and collectors and set apart in the treasury, ten cents on each hundred dollars of the assessed
 valuation of taxable property;
 Co For the use of the State and to raise revenue therefor twenty-five cents on each hundred dollars of the assessed
 valuation of taxable property. That subdivision 1 of Section 39l1 of the Code be amended so as to read as fol | lows:
 4. All stocks of goods, wares. mer- 1 chandise. the assessment to be on the average amount on hand during the pre- cedinE year, but the amount so assessed
 shall in no case be less than the capital actually employed in the business, and this shall include all goods, wares. and merchandise, kept on plantations, or
 elsewhere, or by railroad companies or
 manufac curing companies. or other asso- citations, companies, or persons, for sale or to be dealt out to laborers or em- ployes for profit, or on account of their
 wages. and shall include all goods. wares and merchandise offered for sale by any ! person commencing business subsequent ly to the first day of October of a cur
 rent year, but in such case the tax shall
 be apportioned according to the date at | which the business shall be commenced
 so that if commenced after the first day | of January, the tax shall be three fourths of the tax for the whole year. fl
 commenced after the first day of April,
 the tax shall be one-haf of the tax for