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An Act amending the city charter of Frankfort. 1857 vol. II 324 (1857)

handle is hein.slavery/ssactsky0763 and id is 1 raw text is: LAWS OF KENTUCKY. 1858. § 3. That said city of Frankfort shall be discharged from the support of the poor, and the same shall be charg- able to the county as before the Revised Statutes. Approved February 17, 1858, CHAPTER 751. AN ACT amending the city charter of Frankfort. Be it enacted by the General Assembly of the Commonwealth of Kentucky: § .1. That the Mayor and Council of the city of Frank- fort may tax bank stocks, bridge stocks, manufacturing stocks, or any other kind of stocks, money, bonds on cities or towns, or on any of the States or United States, and choses in action, all personal-estate of every kind, not ex- empt by law from executions, belonging to citizens of said city of Frankfort, or any capital belonging to any corpo- ration or citizens of any other place employed in said city, as they are now authorized by law to assess taxes upon real estate or slaves, and at the same per cent. on the hundred dollars of valuation; and they shall have power, if they deem it necessary, to increase the tax to any rate not exceeding one dollar on the hundred dollars of valuation, making the same rate on all taxable proper- ty, stocks, and other taxable subjects: Provided, That the stocks of banks incorporated by this State, and which are exempted by their charter from any tax other than the bonds or tax paid to the State, shall be exempt from the provisions of this section; and said Mayor and Council shall have power to prescribe time and mode of taking in the lists of all taxable property, stocks, &c., and of ascer- taining the value thereof, applying the same rights of cor- rection to such lists as are now provided by the charter and laws of said city for correction 'of assessments on real estate and slaves. § 2. That the Mayor and Council of said city shall have full power and authority to sell and convey, or mortgage, for the purpose of paying or securing the debts of said city, the Capital Hotel and grounds, with all the furniture belonging thereto, the Water Works, Gas Works. lands and lots, and every thing pertaining to either, as well as any other property belonging to said city: Provided how- ever, That no sale shall be binding or valid until agreed to by order entered on the records of said city, and signed by at least three- fourths of the Council. Approved Fdbruary 17, 1858.

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