The Birmingham age-herald., 1915-10-23

7 Which the business snail be commenced : so that if commenced after the frs } day Of January. the tax shall be three
 fourths or the tax for the whole year IT commenced after the first day o ! April the tax shall be one-half of thu
 tax for the whole year, provided tha
 the assessment herein provided for shal
 not include products raised on the farm:
 ill hands of the original producers. Il
 the person. association or corporation
 carrying on such business shall fail td
 make return of the amount of stock as
 provided by law or if the county board
 of equalization Is not satisfied with the
 return made, in order to make proper
 assessment, 1t shall have a right to de-
 mand copy of the last inventory made
 or such stock of goods, and may also by inquiry of persons believed to have
 knowledge of the subjects, obtain in-
 formation as to the probable average
 amount of such stock, and from such
 information may assess the same upon It's best Judgment. ,. All household furniture, libraries, jewelry, plate and lsllverware, ornaments and articles of
 taste. pianos and other musical in struments, paintings, clocks, gold sill yer and other watches and gold and other safety chains; all wagons and other
 vehicles all motor cars, automobiles and bicycles; all typewriters, all cash reg isters. all photographs, and all machines Of like character; all iron sales. all store fixtures, all office furniture and fixtures all mechanical tools and farming imple- ments; all dirk and bowie knives, swords,
 canes. pistols and guns; all cattle, horses,
 mules, studs jacks and jennets; all hogs, sheep and goats 6. All money loaned | or employed in the business of advanc- ing or lending on any kind of chattels, choses in action or personal property,
 or used in buying or discounting notes. dI nt- I.f1 i- .f oil as.xs hoarded, whether in the custody of the
 owner in this state, or in another | state, or in any safety deposit box, l safe or vault, or elsewhere, except money on deposit in banks. and | also except money secured by mortgage | on which the mortgage tax has been paid. 17. All investments in bonds, except bonds of the United States, the state of Ala
 bama, and of the counties and munich palities of this state, and such other bonds as are not by law taxable but all capital invested in bonds or currency which are exempt from taxation shall I be liable to be taxed under this section, should such capital at any time during | the year be reconverted into money, bonds
 or property which is taxable, unless it is
 made to appear that the money. bonds
 or property into which such reconver- l sion may be made has been assessed for
 taxes for such year g. The roadbed,
 track and other property, real and per-
 sonal, of railroads, and all tram roads, 1 pole roads, canals, ditches and
 channels used for transporting lumber,
 timber. logs, or other valuable commodl-
 ties of commerce, which are not taxed l as improvements on the land or plant, or main property of the owner of such | tramroads, pole roads, canals, dtches or channels. g. All dividends declared or
 earned. and not divided by corporations doing business in this state. Shares of
 stock in companies associations not incorporated under the laws of this state,
 except stock in national banks. 10. On
 the gross amount of sales at auction | made In or during the tax year pre- 1 ceding the assessment of goods, wares and merchandise owned by nonresidents, | each auctioneer shall be assessed and
 shall pay a tax of one-fourth of 1 per | cent; and like tax on all sales made | by him of property owned by citizens of this state, which have been imported l into this state, and sold at auction be- l lore the same has been assessed for | taxes as other property; but on sales of goods, wares and merchandise and fruits | by cargo, the rate of taxation shall be one-eighth of per cent H. On the gross amount of commissions, or sums charged and received during each tax year, by any 1 factor, broker, commission merchant, auc. 1 tioneer, or dealer in any kind of prop
 erty in buying or selling, or for any other act in the course of their business, and 1 for a commission or compensation by
 bale, sack packages, articles or other
 wise. 12. All real and personal property of water companies, including the pump ing stations, reservoirs, stand-pipes, tow | CTS, pips lines, gates, valves, tunnels. ca nals, and dams used in the business of supplying water to consumers for pay;
 all real and personal property of elec- l tric light and power and gas light com
 panies, including all machinery, engines. | dynamos, wires, poles, pipe lines and ap- pliances of every nature and description
 used in connection therewith all real
 and personal property of every furnace l rolling mill, mine, quarry or manufactur- ing establishment including all ma chnery, engines and appliances of every | nature used in the busness all dams
 across rivers and creeks. All real and
 personal property of cotton gins, cotton
 congresses, cotton seed oil mills grain elevators. flour and grist mills 1S. All other property, real, personal and mixed
 not hereinbefore specified. 14. All prop 1 erty brought into the state after the 1st
 day of October. and before the assessor has completed his assessment, except
 property that may be brought into the state by a bona fide citizen of the state
 purchased with money held on the frs
 day of October, which money has been assessed for taxation that year, shall be
 subject to taxation the same as if it had | been held or owned in the state on the 1 first day of October
 Sec. 8. All taxes, unless otherwise directed, shall become due and payable 1 on the first day of October in each year.
 and shall become delinquent if not paid | before the first day of January succeed l ing, except in cases when parties are about to remove from the county.
 | Sec. g. All taxable property within this
 state shall be assessed for the purpose | of taxation at 50 per cent of it's fair and l reasonable cash value.
 l Sec. 10 From and after the first day | of October of each year the state shall
 have a prior lien upon each and every
 piece or parcel of property, real or per
 sonal for the payment of taxes, which
 may be assessed against the owner, or upon such property, during that year. | for the use of the state: and the county shall nave a lien thereon for the pay mcnt of the taxes which may be assessed
 against such owner, or upon such prop erty during that year for the use of the
 county. and if such property is within
 the limits of a municipal corporation,
 such municipal corporation shall have a
 lien thereon for the payment of taxes which may be assessed against such l owner or such property during that year
 for the use of the municipality, and these 1 liens shall exist in the order named as
 to all lands bid in by the state at tax
 sales for the annual taxes thereafter as-
 sessed on the value of the property go i, purchased in the event of tax title fail | ing.
 TAXATION OF BANKS
 Sec. II. Any unipcorporated bank pri-