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at a price not to exceed One Hundrel elet
and Three and acrrued Interest. If the
bonds cannot be purchased as afore- who
said, the sinking fund shall be invest- ami
ed by the Board of Liquidation of the
State Debt in sound, interest bearing Spe
securities, producing not less than four
per centum per annum interest on the Lie
amount so invests 1, or deposited in
Solvent banks furnishing adequate so- ApI
-urity to the State. to be approved by
the said Board. at a rate of interest
not less than four per centum per an-- A
num. Baid tax shall be levied until I
all of said bonds shall have been re
tired, but after the assessments of the
State reach the sum of Six Hundrel
and Fifty Million Dollars. said tax shall
be reduced to one mill and shall there- Set
after he reduced two-tenths of one rnill
for each One Hundredl Miillion Dollars
increase in assessments until the said Pro
tax t'nall be r.-du,-ed to six-tenths of i
one nmill. The said tax shall constitute
a part of the Fix mills of taxation per
mitted to be levied by the Con;tlitution.
In case the present system of t:lxa
tion shall be chanted before the said erg
bonds shall have been paid. there shall an:
be levied annually a tax sufficient to
produce a gross s:m of nt less tlhan 9:
Six Hundred and Fifty Thousand Dol- Lo
lars to take the ,lace of sail tax of fol
one and two-tenths mills and Its re- St
"The Board of Liquidation of the iet
State Debt shall have power to settle to
under the conditions and limitatlons sti
hereinafter provided. the fl!wwing ith
claims of indebtedness made by vari- pa
ouS persons against the State. to-wit: as
(1) The outstanding bonds known a.s tO
Baby Bonds excluding all Bahby ondscb
fraudulently issued by any official of de
(2) "Auditor's warrants issued for tý
school, certificates of indebtedness un- fi
der Act 126 of 1880.
(3) Certificates issued under Art 93 no
of 1880 for costs and fees due to the ul
officers of the State. Ie
(4) Warrants drawn prior to 10 m
and fundable but not funded into Baby ex
(5) Warrants drawn after January PC
of 1880 against 1878 and previous years.
Provided, however, that the owners at
or the duly authorized trustees of the at
owners of said claims may prior to
January let. 1915. but not thereafter. ci
proceed against the Board of Licqutla
tion of the State Debt by rule. solely of
and exclusively in the district court of er
thb Parish of East Baton Rouge. to as
have the said claims examined and P'
their validity and the indehtedness dlue t.
thereon determined, which court is
hereby given Jurisdiction for that pu- r
This Jurisdiction shall extend r.rt ie
only to the determination of the mere lic
legal liability of the State on any of
said claims. but also to the deterrrina- in
t!on of any equitable liabillty of the tt
State thereon and the extent of such at
equitable liability. Appeal shall lie in -
all. cases, irrespective of the amounts Si
involved. on the original record, to the ft
Supreme Court of the State of Louisa- F
ana. The definitive decrees of said Po
courts shall not have the effect of rudg- Y'
ments against the State or the ltosrd 01
of Liquidation of the State Debt. The tt
Board of Liquidation of the State Debt Ic
shall have the exclusive power to set- P1
tie the claims. thus approved by the ti
courts of the State. out of the sinking ti
fund above provided for as funds are n
available, but they shall not be paid t
otherwise or out of any other fund. tl
Nothing in this amendment shall be
construed as a recognition by the State
of any liability, whether legal or equi- T
table, to the owners or the holders of *
any of the said above designated bondlu. S
warrants or claims, and the burden of c'
proof shall rest throughout on each of v
such claimants to show such liability.
Out of the first surplus accruing in .a
the sinking fund, there shall be paid ino
full the amount of principal and trrter- e
eat due on the bonds of the State. the it
face values of which aggregate Thirty- P
Seven Thousand Dollars. and which a
are held by the United States as trus-'
tee for certain Indian funds.
'This article, as amended, shall be P
deemed to be self-acting and directly d
to confer the power and authority 0
herein granted without an enabling act d
of the General Assembly." t
Bection 2. Be it further resolved, P
Sthe General Assembly of the State v
Louisiana. two-thirds of all the
aembers elected to each house con- g
curring, That the offIcial ballot to be
used at said election shall have printed I
thereon the words:
"For the proposed amendment to Ar- I
tifee 46 of the Constitution of the State
of Louisiana, relative to the refunding
and settlement of the indebtedness of /
And thq words:
"Agalint the pioposed amendment to
Article 48 of the Constitution of the '
State of Louisiana. relative to the re
funding and settlement of the indebt
edness of the State."
And each elector shall indicate on
said ballot, as provided In the General
Election Law of the State. whether he
votes for or against the proposed amend
L. E. THOMAS.
Speaker of the House of Representatives.
THOMAS C. BARRET
Lieutenant Governor and President of
Approved: July 11th. 1912.
L. B. HALL.
Governor of the State of Loucsiana.
A }te copy:
ALVIN E. HBERT.
Secretary of State.
A.T NO. 330.
'ate Bill No. 1i. By Mr. Amachr.
sing an amendment to the Constl
tutlon .f the State of Louisiana, pro
V l tor the exemption from taxa
tion fir a period of ten (10) years from
the date of its completion, of all ran
goads or parts of railroa'ls. construct
4d ,ubseqnently to June 1. 1911.
Section I. Be it enacted by the Gen
Assembly of the State of Iomts
aa, two-thlIrds of all the members
elected to each House concurring
thereln, That the followine- amendment
to the Constitution of the State of Lou
slahns be submitted to the electors of
the State at the next elect!on for Rep
,ryMesntatives in Congress. to be hotden
on the first Tuesday after the first
onday in November. 1912. to-wit:
There shall be exempt from taxation
for a period of ten yCars from the date
o~f its completion, any rallroal or part
of railroad that shall have been con
structed and completed subsequently
to June 1. 1912, and prior to January 1.
191t. Thi exemption shall include and
apply to all rights of way. roadbed.
eldlngs, rails and other superstrtctures
upon such rights of way. roadbed or
aidlngs; and to all depots, statchm
houses, bulldin~s. erectlors and struc
tures appurtenant to such railroads
and the operation of the same; but
shall not include the depots, ware
houses. station houses and other struc
tures and apourtenances nor the land
upon which they are erected at termi
nal points. and for which franchises
have been granted and obtained.
whether same remain the property of
the present owner or owners. or be
transferred or assigned to any cuorpo
ration or corporations, person or per
pors whomsoever, and provided fur
ther that this exemption shall not ap
ply to double tracks, sidin's. switches.
depots or other improvements or bet
tec'rrts which may he constructed by
railroadas now in operation within tihe
State, other than extecsmlr.s or new
lines cors.trldoted by sut.ic railroada.
Provided. tl;rthler that wlen aid has
heretoror beecn or v.hich may here
after he vcte:l by any parish. wari or
munlcralcs'ty to any railroad. such rT-ll
ron-I shall rcr he ent;tlet to the ex
emption from taxation herein stabllsh
Section 2. e it Curt,'rr ena-tId-. ,etc..
That the official Shll.tB at sail el,'
lion haltl have printed thereon thec
words: "Per the pIropose 1 amenldment I
to the Constiltltion of the State of Iou
Ielana relative to exemption from tax
etton for ten years from the date of
Its completion, of all railroads or parts
of railroads. constructed su:bsequentlv
,to January 1. I.;l" and the words
"Against the proposed amendment to
the Conetlutlton of the State of Lou
sfas relative to exemption from taxu
tion for a ppertod of ten .ear. from
date of its completion of all railroad.
or parts of ralroeds constructed subse
.ineae to January i, 1913," and eqsh
elector shall indicate as provided in
the general election laws of the State
whether he votes for or against the
amendment L. E. THOMAS. I
Speaker of the ITouse of Representatives.
THOMAS C BARRIIT,
Lieutenant Governor and President of
Approved: July 11th, 1912
Governor of the State of Louisiana.
A true copy:
ALVIN E. HEBERT.
Secretary of State.
ACT D0. 236.
Senate 1ill No. 161. By Mr. Mouton.
A JOINT RESOI.t'TION
Proposing an amendment to Article 291 Se
of the Constitution of the State of
Louisiana relative to taxes for the DI
construction and maintenance of pub- an
lie roads. th
Sectcn 1. Be it resolved by the Gen- nit
eral Assembly of the state' of Louisl- 'n
ana. two-thirds of all members elcts I iI:t
to ea,:h House concurrlnc. That Article pr
291 of the Con! titittion of the State of Sht
Louisiana be amended so as to read a? st
Arthile 29L The Police Juries of this
State may form their res:pective par- iF
iohes into road districts: and in order isi
to raise funds for the purpose of con- elr
structing. maintaining. and repairing th
the public roads and bridges of their at
parishes, they are authorize.i to set an
aside at least one mill per annum of th
the taxes levied by them, and to impose th
a per ca;,lta tax not more than one or
dollar per annum upon each able bo l- :l
led male inhabitant of the parish he- th
tween the ages of eighteen and fif.y
five years. and to levy an annual li- ci:
cerse of not less than twenty-five 125,'1 1i
nor more than one dollar per annum in
upon each vehicle. Incrluding bicycles. la
kept within said parishes or within a by
municipality thereof whether or not cu
exempt in Its charter Irom parochial ca
taxation. and used for locomotion over il
public roads, in their respective par- nl
ishes; which license shall be gra lu- lit
ated. The provisions of this article rel- wn
ative to the per capita tax, shall not tl
be operative in incorporated towns and ta
cities that maintalr. their own streets. sy
To carry into effect the provisions at
of this Article the Police Juries may to
enact such ordinances of a civil nature ir
as may be necessary to enforce the er
property and license tax. and of a crimi- ol
inal nature to enforce tile per capita tax. r.
Police Juries and municipal corpo- er
rations i the several parishes of this et
State may levy other taxes for the ai
construction and maintenance of pub- e:
lie roads and bridges within the terrl
tortal limits of said parishes. and may el
incur debt. and issue negotiable bonds tl
therefor in the manner and to extend tl
authorized under provisiorns of Article al
i32 and 2t1 of the Constitution and the sa
Statutes adopted to carry them into ef- ir
feet. Other taxes may be levied by the ei
Police Juries for road and bridge pur- t<
poses not to exceed five mills for five II
years on the property of the Parish. a
or any ward thereof, whether the rate of p
taxation and the purpose thereof shall
have been submitted to the property tax a
_ payers of the said ward or parish en- n
titled to rote under the election laws of e
the State. and a majority thereof in ii
number and value of those voting at p
said election shall have voted in favor S
thereof. That this article shall be s
t elf operative. n
Section 2. le It further resolved, etc.. e
That this proposed amendment shall be p
f submitted to qualified voters of this t
State for adoption or re;ection at the a
congressional election to be held in No
f vember. 1912. and. If adopted, the same I
shall take effect immedi'.!tely there
Section 3. Be it further resolved. S
- etc.. That on the official ballots to be ,
e issued at said election there shall be
placed the words "For the proposed
i amendment to Article Two Hundred and 1
Ninety-One of the Constitution of Lou
isiana." and the words "Against the pro
e posed amendment to Article Two Hun
t dred and Ninety-one of the Constitdtion
y of Louisiana." and each elector shall in
t dicate. as provided In the general elec
tion laws of the State which of the
i, propositions. "For" or "Against" he
votes L. E. THOJMAS.
I Speaker of the House of Representatives.
e THOMAS C. BARRET.
a Lieutenant Governor and President of
Approved: July 11th, 1912.
L. K. HALL.
g Governor of the State of Louisiana.
f A true copy:
ALVIN E. HEBERT.
Secretary of State.
Always Prints the Latest and
at It Is
EXTRA SESSION 1912
ACT NO. 4. Ap
Sernate Hill No. 2. i:y Mr. Voegtle.
Joint r,.s'olution oula:nittint'; to the 4
rou'i; of thi ; tate ,it I.ouisianai an
a Iim t',er':t t I tit' C'.,nstlitluton au
thoriz:nt; parshe:s ;:nd self-taxing mu
nfii alt i(s to exenlmpt nw industrial
en.ttrprrss and also irprov'., value.?
irelur sive. of sirucitres aitle I t: unint- Se
pro, e I ,in ,s by irnlnigrants into the
Stat . whi oc.1ur- ;ail lands as home- me
steadtls ftm loudi taxation for.a period I1,
iot ex< , eit.g tenl (1o) years. 150
Section I. Be it it'itolved by the du
l]enc al \.asrr"n1i.y of the State of Lou- tot
isiana. tswo-thirds of all the members no
ie teiii to t.:,-h house i oncurring. That fri
the fol!o.lnttg amncninent to the C(on- oc
stilut'in of the State of Louisiana he de
and the same, is hereby submnitted to sI
the oualifled electors of the State at du
thle ,:ongressional election to be hehl
on the first Tuesdai after the first Ge
:lindav in the month of November of isi
the ,'.r 1912. to-wit: ed
bitery parish atd aelf-taxing munl- fo
cilI :lity sh:ll have the right to exempt tie
icew industral enterprises and also the tf
improved value added to unimproved ed
lands. including all structures thereon, sic
by imnmigrants into the State who oc- Ti
cupy sail lands as homesteads, from lo- me
col taxes for a period not to exceed ten
(10) years by the vote of two-thirds in th
numlber of all Its taxpayers, who are at
qualified electors. including resident ur
women taxpayers. ho;lingt at least two- qlI
thirds of the proper"y subject to local ju
taxation within the taxing locality at a if
special election called for that purpose. 1p
at which special electlon members of he
partnerships. assoclatiors and heirs of pt
estates. oth.erwise qualified, shall be W
entitled to vote tlelr rcu-pective pro rata fr
Sof the nssessed valuatton of said part- $2
rershlips. as-sociations or estates. Er.h of
enterprise so exempted must he situat- be
ed within the limits of the exempting Pc
Iuthority and be established after the m
exemption isa granted., in
Section 2. lie it further resolved.
etc.. That there shall be printed on is
the ballot to be used at said election P1
I the words: "For the constitutional w
amendment authorizing parishes and ut
self-taxing municipalities to exempt new it
industrial enterprise: and also improv- re
ed value. inclusive of structures. added
to unimproved lands by immigrants 7
ie nto the State who occupy said lands lt
as homesteads, from local taxes for a w
period not to exceed tt-n (11) years." and al
"Against the constitutional amendment to
authorizing parihes and self-taxing t1
municipalities to exe:npt new industrial e:
enterprises, an al als improved value. ai
in ncluding structures. adde.l to unim- v
proved lands by imnolgrants into the S
r State who occupy said lands as home- tl
e steads. from local taxes for a period
not to exceed ten (10) years." and each L
elector shall indicata on his ballot as
provided by the general election laws of
y the State whether ne votes for or S
against the said amendment.
THOMAS C. PARRET. A
e Lieutenant Governor and President of
L. E. TIIOMAS. A
L Speaker of the House of Representatives.
6 Approved: August 24th. 11A11i.
'c L. E. HIALL.
d Governor of the state of Louisiana
d A true copy:
ALVIN E. HtI:ERT. S
Secretary of State.
ACT NO. A.
Senate Bill No. 3. By Mr. Burke. d
le Joint resolution submitting to the a
Ic people of Louis.ana an amendment to r
the Corstitution exempting from taxa- a
tion for twenty (20) years corporations 1
. organized to lend money on mortgagee t
on country proplerty at not more than t
'f six G per cent interest. net to the
borrower, with power to negot!ate bonds
and securities of local taxing districts. I
Section 1. Be It resolved by, the Gen- e
a- eral Assembly of the State of Louisiana.
two-thirds of all the members elected to r
each house concurring. That the follow
ing amendment to the Constitution of 1
the State of Louisiana be and the same
- is hlreby submitted to the qualified
electors of the State at the congres- I
sional election to be held on the first
Tnesday after the first Mon-lay in the
month of November, of the year 1912. to- i
'iThe capital, surplus and personal es- i
tate of every corporation hereafter or- 1
ganized in this State for the sole pur
pose of lending money on mortgages on
country property situated in Louisiana
at a rate of interest not to exceed six
(6) per cent net to the borrower, with
power to negotiate and handle bonds
ani r.ecuritles issue" by the various par
ishes a'il local districts and municipali
ties of the State of Louisiana shall
be exempt from taxation for twenty (20)
years from the date of the organization
of each of sail companies, provided that
each of naid companies shall have a full
pai'l rash capital stock of not less than
$25n.c00.00. and provided further that
in case ary such corporation shall on
any loan charge the borrower more than
six pbr cent interest, wvhether by way of
commission, dtiscount. or etherwise. It
shall forfeit the entire exemption here
in granted. and be subject to t:axation
from the time It makes such loan; and
any .uh corporattlon handling or ne
gotitt!ia any sunurities other than thoss
here:inbove mentioned ehall incur a like
No such corooration shall have power
to receive ,any money on deposit or to
do a banking busineFs of any sort. but
all such corporations shall be under
the cootrol and suierv'ision of the State
Bank Examiner. whose duty it shall he
to reort to the Attorney General and
the State T-x 'ome.ilssion any viola
tion of the conlition of this exemption.
Section 2. Be it further resolved, etc...
That there shial be printed in the
ballots to be usel at said election the
wort s "For the amen.ment to the Con
stitution exempting *rom taxation for
twenrty (2) years corporations organiz
ed for the sole purpose of lending money
on country real estate situated In Lou
isiana at not more than six (6) per
cent to the borrower. with power to ne
gotiate and handle lo-lal securities." aind
the wor is "Against the amendment to
the Const;tution exempting from taxa
tion for twenty (20) rears corporatlonsl
organized for the sole purpose of lend
Ing money on country real estate situat
ed in Louisiana at not more than six
(4) per cent net to tha borrower, with
power to negotiate and handle local
ec.turities." and e:ach elector shall In
dirate on his haltll. as provide-i by the
general election laws of the StaCe.
w'hether lie votes for or against the said
THOMAR C . AIRR1ET.
tiseateant Governor and President of
L E. THOMAS.
Speskr of the House of Representatives.
Approved: August 24th. 1912.
L. E. HALL.
Govenor of the State of Louisiana.
A true copy :
ALVIN E. 1Tit-,FRT.
Scretary of State.
Seere WI1' No I Ttv .M". P' cr0t.
Joint retscutr.on pr.'rpsng an aRmeni
r-ent to t'e C-"rtitUt'.n of t te State
of ,.ou'sb', a relat!v; to the exen;ptltO
from ta:atlon of rro:ey In kand or on
deet!n 1. Be it reeo!v~l by the Otrl
eral AssemblV of th' St.te o' Lou,~irnl.
two-thir i" cf all the members elected
to each houe cOnlcur:1Tn That thle fl
lowln amnmentet to the Corstitut"n
of the State be submitted to the qlual'
fileh electors of the State for their
I.tdoption or rejaction Pt the c-ng-es
aIlonal election to be nltl on the flrlt
I sesdlay after the flrst Mondav in tn=
n.,nth of November 1912, as follows: I
| 'here shall be exempt from taxation
ah omorey in han- or n deposit. ..
" . 1- -. B*t It furtrer reso;ved, e tc..
That the official ballot to be used at Elea
.aid election shall have printed thereon the
the words: "For the proposed amend- stil
ment to the Constitution of the State of eles
Louisiana exempting from taxation all or
money in hand or on deposit" and tne tin,
words "Agaihst the proposed amend- aft
ment to the Constitution of the State of of
Louisiara exempting from taxation all '
money in hand or on deposit." And each for
elector shall indicate, as provided by cor
the general election laws of the State, ant
whether he votes for or agains the pro- str
posed amendment. the
THOMAS C. BARRTFT. tdo
Lieutenant Governor and President of er,
the Senate. str
L E. TJ.OMAS. eat
Speaker ct the -ousC. of Representatives. opt
Approved: August 24th, 191:. Jai
L. - HALL. thi
G(overn.or of the State of Louisiana. sha
ALVIN E. IlIEBERT. i
Secretary of State. th
LOT NO. 8. ter
Senate Bill No. 5. vy Mr. Well. ind
Joint resolution proposing an amend- ti
mert to the Constitutton of the State of Su
Lou!siana. relative to authorizing par- be
ishes and rnunicipalities by a referen- th:
dum to their respective qualified eler- th
tors to exempt from taxation an amount th
not to exceed $2.000.00 to be deducted by
from the value of dwellings exclusively
occupied by hona fide owners for rest- eti
dentin! purposes only, and to withdraw at
such exemption by a similar referen- th
Section 1. Be it resolved by the St
General Assembly of the State of Lou- tai
isiana, two-thirds of the members elect- da
ed to each house concurring. That the to
following amendment to the Constitu- Pu
tion "if 1898 be submitted to the quall- ye
fled electors of the State for their
edoption or rejection at the congres
sional election to be held on the first to
Tuesday after the first Monday in the in
month of November. 1912, as follows: ft
That every parish or municipality. ne
through its Police Jury or governing ar
authority shall have the right to. and w
upon the petition of one-fourth of the of
qualified electors residing within its Al
jurisdiction shall, submit to the qual- v'
ified electors in said parish or munic- th
ipality. at an election to be called and ii
held for that purpose, after thirty days'
published notice, the question as to L
whether or not there shall be exempted
from taxation an amount not to exceed
- $2,000.0 to be deducted from the value Si
of all buildings exclusively occupied by
bona fide owners for residential pur- A
poses only: provided that any exemption
may be withdrawn in the same manner
in which it may be granted. A
No such exemption. voted by a par
ish, shall operate to grant any tax*
payer owning and occupying a home
within a municipality the right to de
.1 ,uct the exempted amount from the
improvement value of his property in S
respect to municipal taxation.
I Section 2. Be It firther resolvedr1
s That there shall be printed .on the bal- 01
a lots to be used at the said election the ti
a words: "For the proposed amendment r
i authorizing exemption of homes from 8
taxation." and the words: "'Against
the proposed amendment authorizing G
1 exemption of homes from taxation." is
and each elector shall indicate as pro
v vled in the general election laws of the tl
State whether he votes for or against F'
the proposed nmpndment. tl
dTHOMAS C. BARRET, ti
h Lieutenant 1.overnor and President r
a of the Senate.. ETHOMAS.
L. E. THOMAS. ti
,r Speaker of the House of Represen- 1I
Approved: August 24th. 1912.
SL. 1. HALL. c
Governor of the State of Louisiana. t
A true copy:
A. ALVIN F. HEBERT. e
Secretary. of State. a
ACT O. 9.
Senate Bill No. 6. By Mr. Barrow. t
Joint resolution submitting to the a
people of Louisiana an amendment to 1
the Constitution providing for referen
dum to the people of each parish to C
e. determine whether cities and incorpor- e
ated towrs and villages or any one or
tmore of them shall be free from taxes
t- and licenses levied by parochial author
i ities for parochial purposes, subject to
. the obligation to make certain contri- I
Ln buttors to the parishes.
ie Section 1. Be it resolved by the
is General Assembly of the State of TAou
:s. Islana. two-thirds of all the members
n- elected to each house concurring, That
a. the following amendment to the Con- I
to stitution of the State of Louisiana be
r- and the same is hereby submitted to
of the qualified electors of the State at
a the congressional election to be held
on the first Tuesday after the first
- Monday in the month of November of
et the year 1912. to-wit,
he Every parish throu-Ir its Police Jury
0- shall have the right to submit and.
upon the petition of one-fourth of the
s- qualified electors therein snail submit
r- to the qualified electors of said parish.
r- at an election to be called and held
on for that purpose after thirty days' pub
na lished notice. the question of whether
ix or not all or any one or more of the
th cities. Incorporated towns and villages t
ds within the limits of the parishes (un
r- less already exempt) shall be free and I
II- exempt from all taxes and licenses lev
11 ted by parochial authority for parochial
) purposes. provided that whenever such
n exemption is granted. each city. Incor
at porated town and village so exempted
11 shall contribute to tae parochial author
n tles its fair proporon of all parochial
at burdens. debts and expennes common to
n both. Such propor.lon to be adjusted
an between the Polrce Jury and the mu
f nicipal authorities. and in case of dis
it agreement such apnortlonment to be
re- made by the State Tax Commission.
n Section 2. Be it further resolved.
ni etc.. That there shall be printed on the
e- hballots to be usedl at toe said election
53 the words. "For the amendment to the
ke Constitution establishing 'a referendum
to the peonle of each parish to deter
er mine whether or not cities ani Incor
to porated towns and villages shall be re
iut leased from parochial taxation and .l
acr censes. sutject to the condition of con
te tributing to parish expenses."' and the
he words. "Against the amendment to the
Ind Constitution ertablishing a referendum
Ia to the neonle of eaci narish to deter
on. mine whether or not cities and incor
t'.. Doratel towns and villages shall be re
the leasedl from parochial taxation and il-I
the censes. subject to the condition of con-I
n- tributing to parish expenses." and each
or elector shall indicate on his ballot. asl
iz- provided by the reneral election laws
iy of the State. whether he votes for dr
a gainst the Psaid amenPnCent.
per THOMAS C. BArtRET.
e- Lieutenant Governor and President
ntd of the Senate.
to L B. THOMAS.
za- Speaker of the House of Represen
d- Approved: August 24th. 1912.
at- L. I. HALL.
six Governor of the St te of Louisiana.
th A true copy:
cal ALVN E. HEBERT.
i Secreta of State
tte. ACY' NO. 10.
Senate Bill No.. Bv Mr. Shaffer.
Jofnt resolution submitting to the
"of people of the State or Louisiana. at
Sthe congressioral election to be held
In November. 19i7. an amendment to
e. the Conrttittion of the Ftxte exemptln
es. from taxation for ten (10) vears from
t:e date of completton the capital
s tock. f.'nch!s5s and certain pronerty
of all cororationr conatrurtini. owning
ali ope-etitni within the Stat" a rom
hbi-l s-stel ef trrigaton, ravitgatoo
an I hvyiro-e!ectrl p...wer. using fresh
v-to.r trl-"n nml water shedlS. nr'oi-.
ed th't rach evetem be comoletd and
rot. ,. oro-i't"" w"V*in fi' e (II ye-rs from
'-:. .T: ,"a"r"- itt. 11"P . anl providing fur
Sth- th,°t ot I n than five million
on dellers -hall have been expended in
to n t -- cc tr -l t'c r of each svst --e .
"hereas. the Stite of T,outsiana has
ort- lI,,e.. are - co~nmortslng millions of acres
.nt. ,of ITr-l that can he reclaimel and
ed h-·blcht !nto c:lt'ir*slon by Irrigation.
.l- whcrebyh la"- additionse will be made
"'n to tC' nop-.lt'tn anl the assessed val
1'- ue of the State: and.
trl' Whereas. rcnils can be constructed
e5- so as t" orovide trrgation. navigtltt'i
Irit end ,o-'er. and it Is tQe State's dulty
t5I to encoursge and pwrmote the orgat
snt'n of such cencerlrs:
Ion Sctinn 1. Re it resolved by the (lea
e"al Assetmf-'v of the Ptate Of Ltn's
.tc~. tail,. rio-thirda ef all the '
elected to each house soncurrtnl. That Ste
the followtir amendment to the Con- fen
stitution be submitted to the qualified cr'a
electors of the State for their adoption tral
or rejection at the congressional ele- for
tion to be held on the first Tuesday and
after the first Monday in the month jun
of November. 1912, as follows: pra
There shall be exempt from taxation roe
for ten (101 years from. the date of the
cormpletion the capital stock. franchse th
and property of all corporations con- lig9
structing, owning and operating within 3
the State a combined system of irriga- 3
tion. navigation and hydro-electric pow- nc
er. using fresh water of Louislana tru
streams. and water-sheds. provided that wh'
each system shall be completed and in tha
operation within five (5) years from tba
January 1st. 1913. and provided further
that not less than fiee milli6n dollars eat
shall have been expended in the con- i
struction of each system. No real or in
corporeal property shall he covered by
this exemption except that which is 4
necessarily connected with and anpur
tenant to each canal v-stem and form- gi
ing part thereof,. nor shall this exemp- eg
tion extend to the assessed value that pa
such real estate had at the time it may or
be acouired by the company: provided pe
that the right of the State to regulate pes
the diversion of its public waters from as1
their natural beds shall not be waived
by this amendment. cot
Section 2. Be it further resolved.
etc.. That the official ballot to be used its
at said election shall have printed '
thereon the words: -'For the pro-osed fin
amendment to the Constitution of the thi
State of Louisiana exempting from by
taxation for ten (10, years from the Iy
date of completion certain new canals
for irrigation. navigation and power
purposes to be completed within flv4 ml
years with a canital of not less than
five million dollars." and the words:
"Against the amendment to the Consti
tution of the State of Louisiana exempt- de
ing from taxation for ten (10) years an
from the date, of completion certain an
new canals for irrigation. navigation
and power purposes to be completed m"
within five (5) years with a capital ma
of not less than five million dollars." '
And each elector shall indicate as pro- if
vided in the general election laws of
the State whether he votes for or sh
against the pronosed amenlment.
THOMAS C. BARRET. n'
Lieutenant Governor and President at
of the Senate. mi
L. E. TPVOMAS.
Speaker of the House of Represen- tk
Approvel: August 24th; 1912. of
L. E. HALL. to
Governor of the State of Louisiars. h
A true copy:
ALVTN E. HEBERT.
Secretary of State.
ACT !O. 1i 'p
Senate Bill No. 8. By Mr. Voegtle. c
Joint resolution pramnosing an amend- at
ment to the Constitltion of the State
of Louisiana, exemptine from taxation m
the legal reserve of life insurance com
t anies organized under the laws of this'
Section 1. le it resolved by the
General Assembly of the' State of Lou
islana. two-thirds of all the members
elected to each house concurring. That at
the following amendment to the Con
rtitution of the State he submitted to
the qualified electors of the State for
their adoot!nn or relection at-the con
gressional election to, b. held on the
first Tuesday after th- first Monday in as
the month of November. 1912. as fol- as
There shall be exempt from all tax- Ir
ation the legal reserve of life insurance
companies organized under the laws of O
this State. b
Sect.n 2. Be it further resolved.
etc., That the official ballot to be used if
at said election shall have printed it
thereon the words: "For the proposed p
amendment to the C,,nst't'ition of the a
State of Louisiana exempting from all
r. taxation the legal rserve of life in
se urance companies organized under the
o laws of this State." and the words:
t- "Against the proposed amendment to the
:o Constitution of the State of Louisiana
r- exempting from taxation the legal re
r serve of life icsura~ee companies or-,
"s gnniaed under the laws of this State." h
r- And each elector shatl Indicate as pro- n
to vided by the general election laws of 1i
1- the State. whether we votes for or
against the pronosed amendment.
e THOMAS C BARRET.
i- Lieutenant Governor and President r
a of the Senate L. THOMAS,
at L. . "THOMAS.
n- Speaker of the House of Represen
to Approved: August 24th. 1912. I
at L. F HALL.
Id Governor of the State of Louisi-.na.
at A true copy:
Af ALVIN E. HERERT.
Secretary of State t
d. ACT No 12.
Ic House Bill No. 2. By Mr. Roberts. I
it Joint resolution submitting to the pen
.h. pie of Louisiana an amendment to the
Id Constitution reorganising and remodeling I
b- the State'r ivstem of assessment and tax
he Section 1. Be it resolved by the Gen- t
es eral Assembly of the State of Louisiana. 1
n- two-thirds of all the members elected
ad to each House conourring. That the fol
V- lowing amendment to the Constitution of 1
al the State of Louisiana be and the same
cb is hereby submitted tO the qualified elec- I
ar- tors of the State at the Congressional I
ed election to be held on the first Tuesday I
or- after the first Monday in the month of i
al November, in the year 1912, to-wit:
to Article I.
ed 1. The taxing power shall be exer
lu- clsed by the State and by its subdivis
ions fpr public purposes only.
2. The taxing power shall never be
surrendered, suspended, gilven, cnmmu
ad. ted or contracted away: but where par
he ahes or munlctpnl cpoorations shall
on grant exemotions from parish or munl
he clpal tares for a period not to exceed ten
m years from date of cnmtletion to en
r- courage the establishment of industrial
r- enterprises. or a similar eremption to im
- migrants of the value added by them to
i- vacant property owned nnd occu'led a
n- homestead, a~eh exemptions shall not he
he withdrawn either as to enterprises es
he tahlished or substantially hegun In good
im faith, or to immigrants who have actu
er- cllv acquired and improved or in good
or- faith begun to improve their homete'is.
re- since the granting of the exemption. The
11- GOeneral Aasemhly on behalf of the State.
en- nd the governing authorities of all sub
Lch ivirslons of the Ptets on bhehlae 0C ech
as subdivision, may defer for not more than
wa three years the coliection of taxes In Io
br6 calltles subjected to overflow or other
2. The General Assembly shall have
power to classify .il Droperty for taxa
tion, and to adopt different rules and
rates for diffe-ent classes, but such rules
and rates shall be equal and uniform on
all subjects of the same class throughout
the territorial limits of the autholrity
levying the tax. All such classiftisatlons
shall be based on the characteristies of
the property itself or its use, and never
on persons o' ownership.
4. Except in case of forelign invasion
or Penmestle revolution, the General As
sembly sha!l not have power to levy
any a.] valorem prorerty tax In excess of
f four ecent: but the General Assembly
te shall not exceed the rate of two and one
half per cent exceut by a vote of two
thirds of all the members elected to each
to house thereof.
ing Article IL.
1. The sources cf State and local rev
enue shall he sgreg-ted and. excmt-t as
rty hereinafter snecieed. or as may be here
i after permitted by a vote of two-thirds
m-of ar the mremers elected to each House
on of the Gene--l Asseoebllv. each taxing
ash uthority shall be restrlcte I in taxationl
I to *- wn sources of revenue as herein
O 2. Untl otherwlie nrovl,. hv n 'P
rf t.w,.-thds of atl the mem ew elected
1 to each H-uue of the General Assembly.
the in.-llowing shall he the sources of
has iat. The speclal taxes herelnafter pro
and 2nd. All corporations. ornvate nersons
Ion, and unincorporated associations that op
a Ie rs e any raroand ftaPing under the Jurts
dal-icti-n of the Rtlroad Commission of
Lonisianal: street rlrrnd; i-mbined
ted street rs'aProad and electric Ilht and
I'n power business; heating co refrigeration
sty plart (nnt InelUive of mid storage
at- plant); te!ephone line: telegraph line.
whether wireless or otherwls: expem
eIa- lln. ditnl car, almtns ear. oil car, rwe
lts- frigeratlng ear. Ors for any other pOr
an r'dee opearting upon railroads is this
State; steamboat, motor bat. team~ sblp
ferry, barge, and tug, or other water
craft, where operated for hire, canal for
transportation or irrigation, and pipe line
for oil or gas. When the electric light
and power business conducted In con
junction with any street railroad can be
practically severed from the street rail
road business for purposes of assessment
then such severance shall be made by
the Tax Commission and such electril
light and power business shall not be a
source of State revenue.
3rd. All banks, State and National.
Including savings banks, trust banks and
trust companies, and all private bankers.,
whether individuals or partnerships, save
that the real estate of all banks and
bankers shall be locally assessed and
taxed. The assessments of the real
estate of banks and bankers shall be
equalized annually by the Tax ('ommis
sion to the basis established and In vogue
In each locality where such real estate
4th. All insurance companies includ
ing bonding and surety companies, for
elan or domestic, and all persons and
partnerships engaged in insuring persons
or property, save that all the real estate
and corporeal property of such companies,
persons or partnerships shall be locally
assessed and taxed.
5th. All sugar refineries, rice mills,
cotton seed oil mills, cotton seed oil re
fineries and refineries of petroleum and
Its products, A sugar refinery is hereby
defined to be a condern that buys and re
fines raw sugar exclusively, or a concern
that buys and refines more raw sugar
than the aggregate of the sugar produced
by it from cane grown ,and purchased by
6th. All mines of sulphur, salt or other
minere.s, all oil or gas wells, all stone
quarries, sand, gravel and shell pits.
3. Only the operative property of State
sources of revenue shall be segregated to
the State. The General Assembly shalt
define. In a manner not Inconsistent witl
any provisions of this amendment, what
the operative pronerty of each such
snource is. Real estate and the improve
ments thereon forming part cf any rall
road terminal, depot or yard or ware
hose or shop, aoounred after July 1.,
1912. even though It may form part of
the operative prnnertv of any railroad,
shall not be considered a source of State
revenue eacept by constitutional amend
ment, unless such property had been,
nrior to said date, part of a railroad ter
minal, depot. yard, warehouse or shop.
4. All other nroperty subtect to taxa
tion. except as herein snecfled, or exeent
as may hereafter be directed by a vote
of two-thirds of all the members elected
to each house of the General Assembly,
shall be sources of local taxation.
The General Assembly shall have power
to levy for State purposes the followlng
1. A tax on the transfer of stocks in
corporations not to exceed 2 cents a
2. A tax on the organization of do
mestic corporations, organised for profit,
excepting banks, fraternal insurance
companies, and building and loan or
homestead association, not to exceed
ten dollars flat, plus not to exceed one
twentieth of one per cent of the author
Ised capital stock and surplus, which tax
shall be levied upon increases of capital
stock as well as upon original lesaus.
3. A tax on private corporations, or
tanized for profit, for the privilege of ex
ercising corporate functions, not to ex
ceed one-twentieth of one per cent per
annum on the outstanding capital stock
and surplus, excluding banks, fraternal
and life insurance companies and build
ing and loan or homestead assoeations;
no such tax to be less than five dollars
On foreign corporations this tax. shall
be levied on such proportions of their
canltal stock and surplus as is used in
this State in Intra-State business. In
lieu of the franchise tax on capital and
surplus, life Insurance companies, foreign
and domestic, not Including fraternal in
surance associations, shall pay annually
a flat fee of $150:00 plus $2.M0 on each
$10,000.00 of premiums collected In Louis
lana durlng the preoeding year.
4. The annual ad valorem tax on all
automobiles and taxicabs, and also oa
all other auto-driven vehicles used for
transportation of persons or freight for
hire, with permi*inn to the local govern
ment of the residence of the owner to
levy an annual license tax not to exceed
I.00. One-half of the proceeds of this
State tax colleeted from each owner shal
go to the Sitate good roads funds: the
remaining moiety of such tax shall be
paid over by the State to the governing
authority of the locality from which the
machine is registered, to be devoted ex
elusively by such governing authority to
the improvement of the public highways
within its jurisdiction.
L A tax on cotton future contracts.
in lieu of all. licenses to future brokers.
of not more than fifteen nor less than
ten cets on each purchase and ale of
each 100 bales. to be nald on each trans
action, one-half by the buyer and ose
a half by the seller.
*- 6. A tax on grain, coffee. rice and
e sugar future contract., in lieu of alt
g licenses to future brokers, of not mote
c- than one and one-half per cent nor lee
than one per cent on tbh commissions
- mid on each trsnweution. Each unit con
L tract as established by the rules of the
d resrective exchanges shall be the belst
I- of the tax, to be paid, one-half by the
of buyer and one-half by the seller.
i 7. A true, progressive inheritance tas
r- for the benefit of the General Pnd, an.
al if such tax Is levied all beneciarles shal
Lv be divided into the following classes with
of the following maximum exemptions for
First. ascendants, descendnrts.. ann
r- msnuses, with an exemntloi of $2,000 each,
s- excent as to the widow. when the ex
e'nrtlon shell bhe $5.00. end .rcnt 5s t(.
e children under the ase of ~ixteqtn, when
a- the e'ronption shall hbe .500 each. The
r- widow's marital forth shall be exemutL
1 Second. collateralt relations of the sees
ii-lad degpe Incldin~ g nehews end
n nieces and their descendants when the
n- estate is divide' by roots, with sn ox
tl emotion nof $1.f0 to each rent. and dnuth
n- retr-in-law with an Oxemption of $1.000
a Toird, collsteral renlatolnns of the third
he deveee. excluding nenhews p- nieces
s- and their renesentatlives, with an ex
nO emotion of 500 each.
- Fourth. all other collateral relatlions
d within the sixth degree inclusive, witl
an. m eemntion of 8250 each.
h Pfith, strangers and all collateral r
se, tloos heyond the sixth degree, with as
b- exnmptfon of 8100 each.
oh The maximum rate of the progressive
an tax shall not exceed eight per cent for the
1- frst cetes. twelve per ent for the eonice
er class, sxteen per cent for the third class,.
twenty-five per cent for the fo, rth class,
vs and thirty per cent for the fifth class,
a- maximum rates to t-he attained when any
nd inheritance, lerln, or donation excadeds
le a half million dollars
an And the minaimum rates of such tax
ut shall heo one nr cent for the first classl
ty two and one-half per cent for the seaod
ns class. three sand three-fourths ner cent
of for the third class, evea per cent for the
rr founrth as and thirteen per cent for
the fifth class Whenever the rste of
a assessment levied agediat any inelttrit
.- ence. legacy, or other donation, when de
vy ducted from said Inheritsnce. leltc
of or other domntion, would leave the
Sy beneflicisrv 4 maler et et mount than
e- he would have received had the in
ro- heritance, leacyv or other donation falle;
ch Intn the next lower elass in the classl
fcation aecordirn to anmount of pet
unl cash value, then the rate of taxation
v- shall be fist cic(.qted uonn the. mxl
as mum amount In ITdM next Invcr olfrsw,
re- and the remaniing amount of the inherilt
'd ance. legacy, or other donration shall he
ie tn'ed at the rate fixed for the hilher
ng class into wl'oh the inheritance. legacy,
On o other d.nttion fallr.
t t I Tolltlon of Inheritance trxes as he
tween this Sitate and .th"e ktsta. for
te emn and lomstic. shall he avoided by
ed the ermptlion of rCoreel nrwe-ty he
l. 'lrle'¶ to a do~e *t of this State. and
of wttuated nutride of this State. tI the rx
rent of nav inheiftance tax of such other
mo- ate: sea by the resmntion of InMor
noreI rights -elongl,, to n-n-tItdent
e meced pts., such rs shares of stock Itt
so- [j*ilsana clursations. notes, bonds, end
is- evidences of det dlue by Louis~lana debt
of fls or berinr on Louisina property, to
red the same extent.
nd This tax shal aho he anplied to all do
an nations inter vivoa, the done.s to he dl
te rvide into th ae ars clases hkrelnhfor
n. defined. All dretioos lite- vires to th
sss same persewn within a period of five yae
e ashall be taxed as if tagetler constlt
i a sad Smetie inter • •