Chapter 19. for the relief of the Eagle and Phoenix Manufacturing Company of Columbus, Georgia
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CHAP. 19.— An Act for the relief of the Eagle and Phoenix Manufacturing Company of Columbus, Georgia.Feb. 27, 1878. *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*,Eagle and Phoenix Manufacturing Company of Columbus, Go., relieved from certain taxes. That the Eagle and Phoenix Manufacturing Company of Columbus, Georgia, be, and is hereby, relieved from the payment of the taxes heretofore assessed upon its capital stock as banking capital or capital employed in the business of banking, and upon all future similar assessments of banking tax, so long as no part of its capital is employed in the business of banking, and said capital continues to be, as now, employed in the business of manufacturing:
No exemption from taxes on deposits, etc.*Provided*, That nothing in this act shall be construed to exempt said company from the payment of the tax upon deposits, as required by law from savings-banks or savings institutions, nor from any tax or penalty which may be hereafter incurred by issuing and circulating, or continuing in circulation, notes or bills or certificates of deposit, as currency or as a substitute for notes, bills, or currency. Approved, February 27, 1878.