Year: 1875

remove to follow such avOcatiOn; but it
shall not be transferable to any one liv-
ing in another county, nor shall any per-
son holding a State license be compelled
to pay more than one county or corpora.
ton tax during its continuance.


Sec. 5. Be it further enacted, That
the real and personal property of all
railroad companies in this State Whsse
roads have been in operation twenty
years, or so soon as the period during
which they are exempt from taxation
under the provisions OF their charters
shall have expired, shall be taxed at the
same rate that other property is taxed.


Sec. 6. Be 1t further enacted, That in
all cases where railroad companies have
consolidated their lines under authority
of the general assembly of the State Of
Tennessee, and the company owning
two or more railroads as originally char
tered, which now constitute but one
railroad company, and the sections Of
the road as now constituted were COM
pleted at different times, and the prop
erty of which sections was exempt from
taxation at and for different periods of
time, and the limitation as to said Sec
ton has expired, the property of that
portion of the road which has been COM
pIeted for a period of twenty years shall
be liable to taxation under the provi-
sions of this act in the same manner as
if said section or railroad had not been
consolidated, but had remained single
road az originally chartered.


Sec. 7. Be 1t further enacted, That the
comptroller of the treasury shall have
printed blank forms which, when filled
out, shall show the date of the COM
pletion of the road, and if composed of
two or more railroads consolidated, then
the date of the completion of each; also
the value of the road-bed, the value of
the iron rails, of all the engines, depots,
rolling-stOck, machine-shOps, of all real
estate, tools, implements, office fixtures,
and other improvements and personal
property not included in the foregoing;
and it shall be the duty Of the cOmptrOl
Ter to furnish to the president of each
railroad company doing business in this
State, or the highest officer Of the COM
pany in the State, if the president is
nonresident, one of these blanks on or
before the first Monday in April Of each
year.


Sec. s. Be 1t further enacted, That
it shall be the duty of the president Of
every railroad company doing business





the principal office of the State, when
the president is nonresident, to fill
out said blank of values, and make an
affidavit of the form to be presented by
the comptroller before and with a clerk
of court of record in this State as to
its correctness, and transmit the sche-
dule as sworn to to the comptroller on
or before the first Monday of July in
each and every year.


Sec. 9. Be 1t further enacted, That
the comptroller shall estimate the taxes
on the schedule of property so furnished,
and the same shall be paid to and re-
ceived by tue treasurer of the State
on the warrant of the comptroller, by
the president, or some other officer of
the railroad company, on or before the
first day of October in each and every
year; and in case any railroad company
liable to taxation under this act fail or
efuse to pay the taxes assigned against
it, the treasurer shall proceed to collect
in the same manner that taX-cOllectoTs
proceed to collect taxes from delinquent
taxpayers, and the warrant of the comp
trOller shall be sufficient evidence Of the
amount Of taxes, and Of the fact that the
taxes are due and unpaid; and in case
the officers of any railroad company sub
ject to taxation under the provisions OF
this act shall fail or refuse to return to
the comptroller the schedule or values of
such railroad company herein required,
it shall then be the duty of the comp
troller to assess said railroad company
according to the best Information he can
get, and shall add ten per cent. to the
value SO assessed, and compute the taxes
thereon accordingly. All laws or parts
of laws conflicting with this act are
hereby repealed.


Sec. 10. Be 1t further enacted, That
this act take effect from and after its
passage the public. welfare requiring it..