OF THE GENERAL ASSEMBLY OF ALABAMA, PASSED AT THE SESSION OF 1874-5, HELD IN THE CITY OF MONTGOMERY, COMMENCING NOVEMBER 16TH 1874. GEORGE S. HOUSTON, Governor, MONTGOMERY, ALA.: W. W. SCREWS, STATE PRINTER. 1875. LAWS OF THE STATE OF ALABAMA. AN ACT TO ESTABLISH REVENUE LAWS FOR THE STATE OF ALABAMA. SECTION 1. Be it enacted by the General Assembly of Alabama, That the following rules for the taxation of Rules of taxapersons and property are hereby established, to-wit: tion. The term "real property" as used in this act shall be Definitions held to mean and include not only land, city, town, and "real estate," village lots, but all things thereunto pertaining, and all structures and other things so annexed or attached thereto, as to pass to a vendee by the conveyance of the land or lot. The phrase "personal property" as used "Personal in this act shall be held to mean and include all things property." other than real property, which have any pecuniary value, and moneys, credits, investments in bonds, stocks, joint stock companies or otherwise. The term "moneys" "Money." or "money" as used in this act shall be held to mean and include gold, silver and other coin, bills of exchange, bank bills or other bills, or notes authorized to be circulated as money, whether in possession or on deposit subject to the draft of the depositor, or the person having the beneficial interest therein, on demand. The term "credit" as used in this act includes every claim "Credit." and demand for money, labor, merchandise, or other valuable thing, and all money or property of any kind secured by deed of trust, mortgage or otherwise. The word "person" or "party" or other word or words im- "Person" or porting the singular number, as used in this act, shall be "party" held to include firms, companies, associations, and corporations; and all words in the plural number shall apply to single individuals in all cases in which the spirit and intent of this act require it. All words in this act Exempt from taxation. importing the masculine gender shall apply to females .also; and all words in this act importing the present tense shall apply to the future also. SEC. 2. Be it further enacted, That the following persons and property shall be exempt from taxation: 1. All property belonging to the United States. 2. All property belonging to this State, or any county, city or town thereof. 3. All bonds of the United States and this State. 4. All public school houses and the grounds, not exceeding in any case five acres, upon which such buildings are, or may be erected. 5. All houses used exclusively for public worship, the books and furniture therein, and the grounds upon which the same are or may be erected, not exceeding in any case five acres. 6. All the property of literary, scientific and benevolent institutions, and of agricultural associations actually used for the purposes for which said institutions were created, not exempting, however, any of such property when employed in any other than the regular business of such institutions. 7. Cemeteries and places of burial. 8. The libraries of ministers of the Gospel, and all religious books kept by ministers of the Gospel and colporteurs. 9. All insane and blind persons, and their property to the value of one thousand dollars. 10. All persons proven to be permanently disabled whose taxable property does not exceed five hundred dollars (from any poll tax.) 11. All family portraits. 12. All such property as the head of a family may select to the value of not exceeding five hundred dollars, but no conditional sale uncompleted by actual payment shall vest title in the purchaser, so as to authorize him to include personal property, so held within the exemption claimed by such purchaser; Provided, That the provisions of this act shall apply to property belonging to the estates of deceased persons, and to the property of minors who are orphans, and in such cases, the administrator or guardian, as the case may be, shall make the selections of property to be exempt. 13. All shares of the capital stock of any company or corporation which is required to list its property for |