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44
ADDRESS OF THE PRESIDENT

Another act provides for the appointment of a commission to ascertain and mark the boundary line between the states of Tennessee and North Carolina.

An act of importance provides that the purchasers of the property and franchises of any corporation sold under a mortgage foreclosure, shall be invested with all its property, franchises, rights, privileges, and immunities (except exemption from taxation), as fully as they were possessed by the corporation itself, and may form a corporation and succeed to the powers given by the charter of said corporation and the general powers of the state applicable thereto.

Mexican war veterans are exempt from payment of all tax on state, county, and municipal licenses, or any tax for engaging in any kind of trade or merchandise when the stock, on hand does not at any time exceed the sum of five hundred dollars.

The burial of any person is prohibited within the corporate limits of cities having thirty-six thousand inhabitants or over.

The playing of base-ball, or any like game on the Sabbath day is a misdemeanor, punishable by fine of from twenty-five to fifty dollars for every offense.


TEXAS.

An enactment of the last Texas legislature, touching the assessment of the rolling stock of railroads, provides: That every railroad corporation in Texas is required to deliver a sworn statement, on or before the first day of April in each year, to the assessor of the county in which its principal office is located, setting forth the true and full value of rolling stock of the corporation, and also a statement of the names of all the counties through which they run and the number of miles of the road-bed in each county of the state. After a submission of this statement to the Board of Equalization of the county in which is located the principal office of the corporation for review, the final valuation is to be certified to Comptroller of Public Accounts, who shall apportion the amount of the