The Montgomery advertiser., 1903-01-22
year 1908 or solvent credits or money loaned"
 As to Express Companies.

in lieu of all other taxes. The new Con- stitution provides that cities may levy a privilege tax on express companies and the revenue bill limits this tax ac- cording to the population of the cities or towns as follows:
 Sec. A--There shall be levied and coll lected from every express company doing an express business between points wholly within this State, and without reference to It's interstate business, in this State, whether incorporated under the laws of this State or any other State, or whether Incorporated at all or not. license or privilege tax of three thousand dollars, which shall be annually paid to the Treas urer of said State by said company. on or before the fifteenth day of January of each year. And that in addition to said amount paid to the State as aforesaid. for State purposes. there may be levied and collected by the several cities of the State from said express company or com panies, for the privilege of doing business within the municipal limits of said cities. privilege or license tax to be comput- ed and based on the population of said cities. as fixed by the Federal census of 1900. as follows. to-wit: "In municipalities having population of 800 people. or less than this number, $2.60 per ,annum.
 "In municipalities having a population of 800 or over. and not exceeding 1000. s per annum. 'sIn municipalities having a population | of 1000, and not exceeding 1000. s1o per annum.
 'In municipalities having population l of 2,0o0 and not exceeding 5000, sl5 per annum.
 "In municipalities having a population ] of 5000 and not exceeding 40Oo, $20 per annum.
 "In municipalities having a population of 4,000 and not exceeding 5,oo0, $25 per annum.
 "In municipalities having a population of 5000 and not exceeding 10000, $50 per annum.
 "In municipalities having a population of 10000 and not exceeding 15,000, SIS per annum. "In municipalities having a population of 15.00o and not exceeding 2O.00o, si0O per annum.
 ''In municipalities having population of 20.oo0 and not exceeding 25,000, $150 per annum.
 'Tn municipalities having a population of 25,0Oo and not exceeding 5000, 800 per annum.
 'Tn municipalities having a population of over 5000. $250 per annum.
 "Sec. IS. That the license or privilege taxes above provided, which shall be paid the State and several cities, according to population, as above said. shall be in lieu of all other license or privilege taxes re- Quired of said express companies in said State, by any authority thereof. and shall be in lieu of all other taxes of whatsoever nature, except an ad valorem tax upon the tangible property of said company To- cated in said State.''
 Changes in License.
 After providing the machinery neces- sary for assessing and collecting reve- nues, practically the same as under the old law, the revenue bill provides the license tax making many changes. Some of the more important of these changes follow:
 Instead of requiring a license of base ball parks the license is to be required of ''the owner or lessee of each baseball park" The sum Is fixed at $50 and foot ball parks are exempted Bottlers and bottling associations are taxed S25 and the tax extends to bottlers of mineral waters which were heretofore excluded.
 Instead of requiring a tax of dealers whose principal business Is In cigars and tobacco" the new bill extends to leach dealer in cigars and tobacco" The tax is graded according to the population of towns and cities.
 There is no change in the circus tax. but dog and pony shows and side shows are to be given 8 whole day for the same sum as was heretofore charged for each exhibition.
 Licenses on collecting agencies are rais- ed from $25 in cities of 2OOOO population or more to s1o0 and from s10 in towns less than 10000 population 10 $25. The dclni- ffOr O4 ftN0llorkfnur E- than heretofore.
 An entirely new section requires licef SC as follows:
 Each person, firm or corporation en- gagged in the business of constructing bridges, water works. railroads or other structures of like nature shall pay an- nuslly a license tax of $aS. which license shall not be required to be paid in but one county in the State
 Cotton buyers are required to pay a license Of NO, but wherever any person has taken out license to operate a ware house he shall be entitled to, buy cotton without taking out a cotton buyers Ii- cense."
 Tax on Corporations.
 The license tax on corporations to meet the requirements of the new Constitution IS provided by Section 55 as follows;
 Sec. bO. All corporations doing busi- ness in this State or having in this state an agent residing in this State and an ornce and known place of business in this State, whether organized under the laws of this State or of any other State or Territory or of the United States or of any other State or country shall pay an- nually the following privilege taxes: Cor porationE whose actual capital employed in this State is under $1O.OOO. $10; corpora tons whose actual capital employed in this State exceeds $10.0OO and does not ex- ceed S2S.0OO. SIS; corporations whose &C., tual capital employed within this State exceeds S25.00o and does not exceed $5O,Oo0, S2S; corporations whose actual capital employed within this State exceeds $50, 900 and does not exceed $100.0 $50: corpora tions whose actual capital employed with in this State exceeds S100.0 900 and does not exceed $2OO 00O. $T5; corporations whose ac- tual capital employed within this State exceeds $200.000 and does not exceed S3OO,- 900. s125; corporations whose actual capi- tai employed within this State excaeds