Transmission line and right-of-way and telephone line sold by Alabama Power Co. to Tennessee Valley Authority, May 1, 1936, and dropped from tax return for tax year 1987 Tower and 110,000-volt pole transmission line not included in sale. Tax loss Total State, county, and city Property-tax losses account sale of property to municipalities by Alabama Power Co., and removal of property account of such sales Total State and county City Assessed values used as fixed by the State tax commission for years 1936 and 1937. State and county tax levies applied to assessed value are those fixed by legislature for State purposes. For county, those voted for countrywide school and special school districts, and for other county functions levies as fixed by county commissioners or like governing body in conformity with the constitution. Municipal tax is found by applying levies authorized by constitution or amendments thereto, to assessed values as fixed by the State tax commission, plus Federal court decrees affecting certain municipalities as shown on detail sheets. Property sold or removed by Alabama Power Co., account of sale of electrical properties to municipalities TO CITY OF TUSCUMBIA, COLBERT COUNTY. PROPERTY CONVEYED APR. 1, 1937. DROPPED FROM RETURN TAX YEAR 1938 Property sold or removed by Alabama Power Co., account of sale of electrical properties to municipalities-Continued TO CITY OF FLORENCE, LAUDERDALE COUNTY. PROPERTY CONVEYED JULY 15, 1936. DROPPED FROM TAX RETURN, TAX YEAR 1937 Acreage and assessed value of lands bought from various parties by Tennessee Valley Authority in Alabama, 1933-39, and by the War Department, 1915–25, prior to creation of the Authority as per statement of Tennessee Valley Authority, March 1939 Alabama Power Co. sold to Tennessee Valley Authority May 1, 1936 Total, 1, 524. 30 acres included in above but carried in statement E-1. 66, 418. 92 $144.00 20, 550. 77 State school tax. $9,484.96 45, 724. 15 County-wide school tax. Total school tax. 12, 526. 77 9, 484.96 31, 496. 69 |