Page:United States Statutes at Large Volume 18 Part 2a.djvu/20

 VALUATIONS, ASSESSMENTS, AND TAXATION. 15 trust-funds found to be due on the first of June, eighteen hundred and sgvengy-ope,) and to create a sinking-fund sufficient to retire such bonds a ma urn y. Sec. 131. The tax provided for by the preceding section shall be col- When and how lected at the same time and in the same manner as general taxes are L b°._._°°““°*°‘l.· _ collected in- the District; but the aggregate amount of taxes in any one 8 Mw 1872, r- year, excepting such additional assessments as may be made for improve- 142 “· L 2· "· "· ments specially authorized by law, shall not exceed two per centum on p‘87' the assessed cash valuation of property in said city. Sec. 132. Such amount of the bonds issued as mentioned- in section one Certain t r v S t· — hundred and thirty, or their proceeds, as is necessary, shall be applied f““d°’ *° l’° "‘“"° and strictly held to make good the trust-funds of said city on which a deficiency of two hundred and eighty-six thousand three hundred and Ibidseventeen dollars and fifty-eight cents existed on the eighth day of May, eighteen hundred and seventy-two. SEO. 133. Thecollector of the District shall pay over to the commis- Moneys collected sioners of the sinking-fund, duly appointed according to the laws of the *° 1*** P"? °Y“' *° District, upon their requi ition being first certified by the auditor and comptroller of the District as provided by law, all moneys collected by I""l·•°· 3· virtue of the preceding sections. Sec. 134. The commissioners of the sinking-fund shall pay, or cause M<>¤qy¤_paid 10 to be paid,with the moneys so received by them, the coupons or interest f1°"""‘°,":,’“°"“· on the bonds issued by them, as mentioned in section one hundred and we thirty, and the residue of such moneys so collected as a sinking-fund Ibid. shall be invested by the commissioners in the bonds issued by them, or in any bonds of the District of Columbia or of the late corporations of the cities of Washington or Georgetown. Sec. 135. The commissioners of the sinking-fund shall, on or before Report of comthe iirst day of January in each year, cause to be placed on record in the m'°*'°“°”- ofllce of the register of said District, a full and complete report of all pm; their acts, and shall also make a report of the same to the legislative assembly at the commencement of each regular session thereof. _ Sec. 136. A proper registry shall be kept in the office of the register R°B';i·l`5' of b°¤¤¤¤<?¤¤l; 1;***} act providing for the payment of the debts of the late corporation of Wash- ;',:'°;;’S, H; iuton,” approved January nineteenth, eighteen hundred and seventy- ,,,, m I, ly ,;,,,,1,,.,,; two, levying taxes on real and personal property in the city of Wash- void. ington to pay the debt and interest on the debt of the late corporation —{,§]f* of said city, as conflicts with the provisions of the act of Congress approved May eighth, eighteen hundred and seventy-two, entitled “Au act to fund certain liabilities of the city of Washington, existing June first, eighteen hundred and seventy-one, and to limit the debt of and taxation in the District of Columbia," is disapproved and declared void. CHAPTER FIVE. VALUATIONS, ASSESSMENTS, AND TAXATION. Sm mma tsid fWh'gto d 138. Valuation of United States ro rt . . pe you eo as in n sn · 139. Valuations, how made. P P0 y Georgetown not  taxed for the 140. Valuation of private property. bene t of thosscnties. M1. Report to Con . 146. Property in Washington and George- 142. Limit to levy me ami and. · town not to be taxed f¤r tlw debts 143. Lots and squares solcfo by the United of each other, &.c. M4 LStates;_iable tl; taxztiogg furnished 147. Ceztgu property exempt from taxa- ' ;t:1i·a)nnh‘;lIy bysrocordsr of deeds. 148. What cemeteries shall be taxed.