Year: 1861



 AN ac o authorize the i.snc Treasury Notes and to

 provide a tax for their redemption-

 SECTION Conqress Of Confedra'e &Gtcscf 4nar- do enact That the secretary oi the treasury pe ana m H hereby authorized from time time, the public necessi- % may reaure to issue treasury note payable to bearer at the expiration of six months after the ratification G It

 r nac between the Confederate States and the Uhlted States the said notes to of any denomination not less than five dollars be re-issuabe at pleasure until the same are payable but the whole issue, outstanding at one le including the amount issued under former acts Slai % not cecd one hundred millions of dollars the sd notes s'i receivable in payment of the war tax heftihite , and of all other public due' except the export ,ly on ana shall also be received in pay ylehi o t' suo'' @ n the net proceeds of sales of produce and mauctue articles.

 SEC 2 That for the purpose of funding the sad note ana of making exchange for the proceeds of the sale of raw pro uce and manufactured articles or for the purchase o spece or military stores the secretary of the treasury with me @ sent of the president is authorized to issue bonds, payable moi more than twenty years after da and bearing Iate oi interest not exceeding eight per eentnm per annn untl they becono payable the interest to be paid senannuay; t said bonds not exceed in the whole one hundred mil lions of dollars and to be deemed substitute Tor thirty mi lions of bonds authorized to be issued by heact appro May sixteenth egteen hundred and sixty one and thIS act is to deemed revocation o the authority to issue me said thirty millions The said bondt shall not be issued m ls sums than hundred dollars nor in fractional parts of hundred except when the subscription IS less than one hundred dollars the said bonds may be issued Ill sums o ht dollars They may be sold for specie military and naval stores or the proceeds of produce and manufactured articles in the same manner provided by the act alor said. and whenever subscriptions of the have been shall be made payable at particular date the secretary of the treasury shall have power to extend the time of sales until such date as he shall see fit to indicate

 src The holders of the said treasury notes may any time demand exchange for them bonds of the Confederate States according to such regulations as may be madeb e secretary the treasury But whenever the secretary of the treasury shall advertise that he will pay off portion of the said treasury then the privilege of funding as to such shall unless there shall De failure to pay the in specie on presentation

 SEC f. That for special purpose of paying the princi pal aud interest of the public debt and of supporting the royernmen shall be assessed and levied of fifty upon each hundred dollars i'll value of the follow ing property in the Confederate States namely real estate of all kinds slaves merchandise, bank stocks, railroad and other corporation stocks, money at interest or invested by individuals the purchase of bills, notc and other securities for money except the bonds of the Confederate States of Am erica and cash on hand or deposit III bank or elsewhere; cattle horses and mules gold watches gold and silver plate pianos and pleasure earrings Poridtd hoicerr, that when The ax,bie property herein above enumerated of head of family is of value less than five hundred dollars such taxable property shall be exempt from taxation under this .. d ,reiied Cvrfer that property of Colleges and schools and charitable religious corporations caton actually used for the purposes for which such col eges schools, corporations or associations were created

 shall exempt from taxation und this act: ind IrOr further That all public lands and all property owned by state for public purposes, te exempt from taxation

 SEC D. That the purpose of ascertaning all property

 cudd in the above classes and the value the person chargeabIc with the tax each State shall constitute n fax division which shall be appointed chief col Icor who shall be charged with the duty of dividing in, State into number of collection districts subject to the reysll of the secretary of the treasury The said col lccor shall be appointed by the president and shall hold his office for and receive salary of two thousand do lars shall give bond with sureties to discharge the M ties his office in such amount may be prescribed by tn

 

 discharge the duties of hs oce and to support ana defend th constitution The said chief collector shall with the al probation the secretary of the treasury appoint col

 cor each collection district whose duty it shall be t

 us. an be made before the first day o November of all the taxable property in his district nculI in of the above mentioned classes of property and the persons then owning or in possession here" and in order thereto t, sad collectors may appoint who shall proceed through every part o their respective dis trcs and after public notice, shall require all persons ing possssg. having fine care and arrangement of any poprrty liable the aforesaid to deliver written list, If f, rIurd by the chief collector, and as far practicable, f,,uabn to those which may required for the same purpose under the authority of the respective States. and the said ,ssors authorized to enter into and upon all and singular he premises for the purposes required by this act

 SEC 6 IT any person shall not be prepared to exhibit written when required and shall consent to disclose the particulars of taxable property owned or possessed by him. under his and management then 1t shall be tine duty o the officer 10 make the ll-t which, "nS distinctly read ah consented shall be received the list of such person.

 SEC ' That if any person shall deliver disclose any collector assessor appointed n pursuance" o this act and requiring list aforesaid any false 0r fraudulent list with intent to defeat eyale the valuation onunernn here by intended to be made such person. 80 offended shall be fined in a snm not exceeding five hundred dollars to be covered ill any court of coinpct. jurisdiction

 SEC S. Any person who shall fail to deliver to fine colcc- for or assessor list of his taxable property at the time pre- scrilad by him. shall be liable to donbe tlx upon all his

 vI ,ronrv the same to assesseI by the collector or s,,s-r ai collected in the ani by the same process is herein provided as to the single tax

 SEC O. The t- shall bf made in refrenc" to inc value and situation of the property oH the first day of October next and shall te made out competed ana he delivered n m the hands of each the collectors the first day

 crnbr and upon tie receipt thereof each tax col may IT twentgone days next ensuing the said rst d December hear and determine all appeals from the said

 snts well applications for the reduction double tax Wien such have been incurred, toa single which determination shall be final.

 SEC To- Tine several tax collectors shall before the first day February ensuing, furnish to the chief collector nf the State in which his district ls situated and accurate list of all the assessments upon each person in his district and be paid by person specify each object of txation and the said chief

 shall cOnte the same in proper form and forward the coila ed sl to the Secretary of tho Treasury.

 a,iJs Sla Inc fret Jap If May next proceed t collect from every person liable for the the amounts sctaraiy due and owing; and he shall previously notice for twenty days iI papr if any be published in his district, and by notica tion in least four public places in each township ward precinct hin his district. of the time and place which he will receive the said tax an Q" aIinre to pay the same if shall be duy of the collector within twenty days

 after the first day of May aforesaid by himself his dcpu ties o proceed to collect the said taXe by distress and sale of the goods catte effects o the persons delinquent And iii case of such distress shall be the duty of the off cers charged with the collection to make to bt maie an of the goods caels which may be dis trained copy of which. signed by the officer making sucl distress shall be left with the posscsor of sucl goods chattes effects. his her dwelling note of the sum demanded and the time and place and tbe said officer shall forthwith cause moi cation to publicly advertised posted up at two public places to residence of the person whose property shall be dis more than miles distant. which notice shall specify the articles dsraned and the time ana place proposed for the sale thereof which time shall be less days from the such notification and the place proposed for the sale not more than five miles distant from the place oi mak ing dstress Pord, That in any of distress of the aOrcsaId the g0Ods clatte5 effects disraned shall and be restored to the possessor if prior to the sale thereof payment tender shall be made to the proper officer charged with the collection of the full amount demanded, together with suc fee for levyng and sc for the necessary reasona expense of removing and keeping the goods cates effects distrained may be allowed In like the practice of the State wherein the distress shall

 made: but in aseo tender aforesaid the said officer shall proceed to sell the sa goods chsttels effects at public auction and shall and retain the proceeds of such sale the amount demandabe for the Confederate States with the necessary and reasonable expenses of distress and sae and commission o five Der thereon for his use rendering the oyerpus if any there be- the person whose goods chaels or effects shall have been distrained Propided That it shall not be