Newspaper Page Text
at a price not to exceed One Hundredt etecto
and "Three and accrued interest. If the g,
bulnds cannot he purchased as afo'.e- wheth
said. the sinking fund shall be invest- ament
ed by the Board of Liquidation of the
State. Debt in sound, intetret hear:rig Speak
securitifs. producing not less than four
per retntum per annum interest on the Lleute
amount so invested, or deposited in ti
solvent banks furnishing adequate Se- Appro
ecnrity to the State. to be approved by
the' said l R:ard. at a rate of interest G
not less than four per centum per an- A trn
num. Said tax sha:ll be levied until AL'
all ,f said tbonds shall have been re.
tired. but after the assessments of t:he
State reach the sum of Six Hundred
and l ifty Mtillion Dollars. said tax sha!i
1,e redulced to one mi!ll and shall there- Senat
a'fter i,e. redl ced two-tenths of one mill
for ena,' One iHunidrel Million Do ll rs
in,.reoes i: a.i:sessmlents until the sild Prope
tax siaill be re luced to six-tenths of of
one mill Thi sal, tax shall consti it Lo
a ca:1ll of the six mills of tai:ation pir- ")
mitttel to I,e Il\vied by the Constitution. lie
Ile 'ase the present system of taxa- See
tion shall I:e changed before the said ,ral
hoed.s .hall have been paid, there shall aita,
he levied annually a tax sufficient to to ca
;protlune, a gross stint of not less than 291 o
Six Hlundred and Fifty Thousand iol - louix
lars to take the placeofsa t of saie tax of follo;
one andt two-tenths mills and its re- Art
duct ions. State
"The hPoard of Liquidation of th,- ishes
State Dcht shall have power to scttler to ra
tinder the conditions and limitations strutC
hereinafter provided, the following" the i
,'laims of indebtedness made by v.ari- paris
ous persons against the State. to-wit: aside
t 1) The outstanding bonds knowni as the ti
Baby, Bonds excluding all Baby lned.n a pe
fraudullently issued by any official of I dilola
the State." i ed i
(2) "Auditor's warrants issued for tweel
scihool. ce'rtiflicates of indebtedness un- five
der .Act 12t; of 180. cense
:Ie ('ertificates issued under Act 93 nor
of' 1 s0( for cests and fees due to the tipetn
officers of tihe State. kept
14i Warrants drawn prior to iSO miluni
and fundable but not funded into, Iraby exem
Bonls. taxat
ISe Warrants drawn after January putbli
of I ett against 1875 and previous yuTrs i.4ihes
Provided,l. however, that the owners aited.
or thle duly- authoriz..i trustees of the alive
owners of said claims may prior to be of
January 1st. 1915. but not thereafter. citie!
proceed an:tlPst the loard of Li'iu dea- '1",
tion ,of the State I)eht by rule, solely of tl
and excluc'iveily in the district court of 'ieic
he Ptar;sh of East Baton Rouge, to as r
ave the s.aid clams examinerl and prop
their va;litlty and the indebtedness du,, nal r
thereon determined. which court. is PO
hereby given jurisdiction for that pur- ratio
pose. State
'rThis j:urisdfictioni shall extend ,not con'
only to the determination of the nCroe in r
legal liahbility of the State on any of toria
said claims. but also to the determina- inctui
t!on of any equitable liability of the therc
State thereon and tihe extent of such auth
equitable liability. Appeal shall lie in'= 232
all cases, irrespective of the amounts Stati
involved, on the original rcord, to' the fet
Supreme Court of the State of Louisi- Poli
ana. The definitive decrees of said pose
courts shall not have the effect of judg- year
ments acainst the State or the Board or ai
of Liquidation of the State Debt. The taxa
Board of Liquidation of the State 'Debt have
shall have the exclusive power to set- paye
tie the claims. thus approved by the titlee
courts of the State, out of the sinking the
fund above provided for as funds- are num
available. but they shall not be paid said
otherwise or out of any other fund ther
Nothing in this amendment shall: e self
censtrued as a recognition by the State Se
of any liability, whether legal or equi- Thai
table, to the owners or the holders of subr
any of the said above designated bonds. Stat
warrants or claims, and the burden ief cons
proof shall rest throughout on each of vem
such claimants to show such liability. shal
Out of the first surplus accruing in aTte
the sinking fund, there shall be paid in St
full the amount of principal and inter- etc.,
est due on the bonds of the State. the issu
'' face values of which aggregate Thirty- plac
Seven Thousand Dollars, and which ame
S are held by the United. States as trus- Nino
tee for certain Indian funds. isial
"This article, as amended, shall be POse
deemed to be self-acting and directly dred
to confer the power and authority of
herein granted without an enabling act dica
of the General Assembly." tion
S Section 2. Be it further resolved. prol
by the General Assembly of the State vote
of Louisiana, two-thirds of all the
members elected to each house con- Spec
".y curring, That the official ballot to be
useed at said election shall have printed Lie
.' thereon the words:
-"...p- ~trtql -'e.e at iin on of- the Statte.
of Louisiana. relative to the refubding
and settlement of the indebtedness of A t
the State." A
And the words:
"Against the proposed amendmrnt to
Article 46 of the Constitution of the -
State of Louisiana. relative to the re- -
funding and settlement of the i'idebt
edness of the State."
S And each elector shall indicati on
said ballot. as provided in the General
Election Law of the State, whether he
votes for or against the proposed amend
ment L. E. THOMAS.
Speaker of the House of Representitives.
THOMAS C. BARRYET
Lieutenant Governor and Prcsident of
the Senate.
Approved: July 11th, 1912.
I E. HALL.
Governor of the State of Louisiana.
A true copy:
ALVIN E. HEBERT,
Secretary of State.
AOT 10. a0.
S Senatb Bill No. 139. By Mr. Aniacker.
JOTNT RESOLuTION
Proposing an amendment to the Consti
tution of the State of Loutsiana, pro
viding for the exemption front taxa
tion for a period of ten (10) years from
the date of its completion, of all rail- I
roads or parts of railroadls, construct
hed subsequently to June 1, 191'2
Section 1. Be it enacted by the Gen
eral Assembly of the State of Loclst
- na, two-thirds of all the memberJ
elected to each House concurring
therein, That the following amendment
to the Constitution of the State of Lou
istana he submitted to the electors of
the State at the next election f(or Rep
resentatives in Congress. to be holden
on the first Tuesday after the' first
Monday in November. 1912. ,to-wit:
S Trhere shall be exempt from txatilon
for a period of ten years from the date
of its completion, any railroad nr part
of railroad that shall have becn con
structed and completed subsequently
to .,'ne 1. 1912. and prior to January 1,
1917. This exemption shall inclccde and
aprl' to. all rights of way. roadbed.
sid',re. rails and other superstrcpetures
uFw" such rights of way. roadbed or
sidc;r.ts; and to all depots, station
hoe's, buildinqs, erectiorts and: struc
tures appurterapt to such rtliroads
and the operation of the same: but
;shall not include the depots: wa"e
houses, station houses and other strue
tures e.nd a purtenances nor the land
upon which they are erected at termi
nal points, and for which frsnchlses
hiv"e been granted and obtaineel.
*wthether da'ne remain the property of
the present owner or owners, or be
transferred or hosigned to an corpe
ratirsoor corporatn perso per
osrrs w.homsoe'ver. and provided fur
ther that this exemption shall not ap
ply to double tracks, sldingg. uwitehesa,
depots or other improvements or ou't"
to4nFrt which may be constructed y
railroads now in operatiof within the
Etacte, other than. extensions i or new
lines constructed by such railroads.
Provided. fulrther that when aid has
hretofore been or which mty her,'
after be vote,, by any parish, ward cer
r:ul- r'cl'ltty to any railrd, uch rail
r -" 'hall not be entitled to the es
--ption from taxatIon hereln stabllsh
Sec tin 2. Be It fniither enacted, etc.,
il.at the officIal balots at .aid elcc
tion shall have pr-nted thereon tle"
words: "Fcr the proposed amendmeut
wt the Co.ostitution of the State of Lolt
Isiana relative to exemption from ta"
atlon for ten, years from thei date of
its completion, of all railroads or parts
of railroads, constructed subsequently
to January 1. 1913" and the words
"Against the proposed amendment to
the Constltutton of the State of Lou
isiana relative to exemption rom tax
atson for a period of ten ,ekre from
date of its completion of all .ih'OadC
or parts of ralroads construted subss
_i e,-lt? to January 1, 1513," snd each'
etector shall Indicate as provided in
the general elaction laws of the State
whether he votes for or against tihe
amendment.
L,. E. TIHOMAS.
Speaker of the H-ouse of Representativet .
THO.MAS (C. IBARRET.
Lieutenant Governor and President of
the Senate.
Approved: July 11th. 1912 .
L. .. ll.lL.
Governor of the State of Louisiala.
A true copy:
ALVIN !i. IEIEtRT.
Secretary of State.
ACT NO. 236.
Senate .11ll No. 1t1. Ily Mr. lMou:tn
A JOINT R!:SOIITITN
Proposing an anmetndment to A.\rticle 291
of the ('ontitution. of the State of
Louisi el:a rct'atiVet to taxes for thit pe
construction 1:(nd ir.aint~le:L:cc of ,ub- an
lie roads. thi
Section 1. Be ;t resolvol by the I(n- nit
eral Assembly of the State of ll:i :i- en
utna, two-thirds of all mnmbhers ele toI i int
to each I-Hose ci ncurrintg. That .\rtich' I'r
291 of the 'uonstitution of the State of St
Louisiana be amended so as to reald ais s'tt
follows: no
Article 291. The Poliee Juries of this
State may form their re:e'tive par-t (
ishes Into road districts: and in orler i:;
to raise fundis for the ai)lrpose of conl- iI'
struetinic, mnainttaining, and re;:airing th
the publict roads and bridtge of their It
parishs,. they are authorized to set an
aside at least one mill per annum of th
the taxes levied by them, and to irmpos° tit
a per capita tax not more than one oui
dollar per annum upon each able bold- .-i
ied male- inhabitant of the parish ie- th
r tween the ages of eighteen and fifl'
five years. anti to levy an ainnullii- i i
cense of not less than twenty-five I 21') li
nor morec than one" dollar per ainnurll in
uipon each vehile, inluding ievclces ia
kept within said parishes or within a h}
nminiicipality thereof whether or not (.t
exempt in its charter from parochil ca
taxation, and used for locomlotion ove' (1
c"public roads. in their respective pl:r- nt
ishes; which license shall be gradit- t
ated. The provisions of this article r-el- wi
Satlive to the per capita tax. shall not ti
bIe operative in incorlporatted towns and to
cities that mainttain their own streets. si
To carry into effect the provisions I at
. of this Article the Police Juries may c
-' ena't sucth otrdinances of a civil lnatur'e C:
as may be necessary to enforce the it
I property and lic-ense tax. andi of a crimn - ot
, nal nature to enforce the per capita tax. Ir
Police Juries and municipal corpu- I .
rations in the several parishes of this I e
State may levy other taxes for tih al
t construction and maintenance of ltl- e
lie roads and bridges within the terti
f torial limits of said parishes, and may el
- incur debt. and issue negotiable bonds I tl
e therefor in the manner and to extentl tl
h authorize'l under provisions of Article au
n 232 and 2S1 of the Constitution and the st
s Statutes adopted to carry them into ef- it
e feet. Other taxes may be levied by the et
- Police Juries for road and bridge p:a'- tr
d poses not to exceed five mills for five it
years on the Iproperty of the Parish. a
or any ward thfreof. whether tile rate of p,
a taxation and the purpose thereof shall
t have been submitted to the property tax a
L payers of the said ward or parish en- it
e titled to vote under the election laws of ci
g I the State. and a majority thereof in ii
number and value of those voting at p
d said election shall have voted in favor s
thereof. That this article shall be s
e self operative. n
e Section 2. P.e it further resolved, etc., e
- That this proposed amendment shall be p
submitted to qualified voters of this t
J. State for adoption or rejection at the a
,f congressional election to be held in No
,f vember. 1912., and. if adopted. the same L
shall take effect immed:.tely there
in after.
In Section 3. Be it further resolved. S
r- etc., That on the official ballots to be )
le issued at said election there shall he
placed the words "For the proposed
hl amendment to Article Two Hundred and i
Ninety-One of the Constitution of Lou
isiana." and the words "Against the pro
)e posed amendment to Article Two Hun
I, lred and Ninety-one of the Constitution
ty of Louisiana." and each elector shall in
et dicate. as provided in the general elec
tion laws of the State which of the
d, propositions, "For" or "Against" he I
to votes. t
Svotes. L. E. THOMAS.
n Speaker of the House of Representatives. c
THOMAS C. BARRET,
e Lieutenant Governor and Prfsident of I
the Senate.
r, ApO?red: July 11th, 1912. f
te L. . "HAELL.
er Governor of the State of Louisiana.
of A true copy:
ALVIN E. HEBERT.
Secretary of State.
,,
U -e legy
slo
Tn
mo
SThis Paper z
tat
gal
Always Prints the Latest and Poi
at
Best News. (a
po
an
ist
tie
be
ye
of
ea
News in
!r. an
si:
I- CO
o1- i
o sIns
a" f
That ts h
fo
n
3t- to
IV al
nt tr
T News t
i- t
en t
-St
Lte N1
LI't 3jS1'
in. ti
ed. C
ies
or -
ion tN
le- t
Ladses 1
ped
beNews
Ter II
'ur
a1
by
the
iew I
LdS.
has
or
rex
Ish
ete.
teut if You Want a Real Good
Family Paper, Subscribe
arts Now for
nt Ty
arils
This Paper
bee-e
rr ch
eacht
That t
Kiid el
the we
ment t
money.
RRIENDMIEN9 Itr
the tec
I vheIht
poused
EXTRA SESSION 1912 i ieute
th
Speaks
Appro
ACT NO. 4. i
S-nate Bill No. 2.. by \r. \'n4. g!hI. (.
.lint resoluti t vuh m L itti: to the A trot
peeujl, , of th + seta - ,i" I [,ltlf iai t:t :lit
ptttmlndl:t'lt t to the S a 'f Stttltl Onll ;ill
thlrizil laritlshet; ;iinl self-taxing niu
- nicipatlitis to exempt new in uiustri,
ent.rl)rises and also, imlprove'l value. Sen.te
l inclusive of :UtrtCttlures lwie;l to unil- Join
. I'tevd latuds by immigrants into theo tuent
fi State. who occuIpy salt lan as ts liomt- Louisi
.1 steidls ft'rmi local taxation for a period ishes
lint exceeditng ten (10') years. dut 1
S Sectiin 1. Ile it resolve'l by t or th
- 'In!rl A .-sembly of tle State of l., not - h
Sisillia. twto-thirds of all the tIne lct lis o
ii (4·t4l tO, (1411 l11tI +' 4on11t(Ul0 tin. 'l'h:at / r
. elected to each h Se "-oncurrig. 'O'l Icupi
e the flolhwing amendment to tlhe Con dentia
S.stitutilin of tlile State of LoutisiauLt uch
t and the same i.s hrceby submitlitted'l ) UC.
t the qualified electors of the State ,at duIIe
I the e lngressinal electiol to be ele iSeel
e n the firtst Tuiestday after t fihe 't I s
I- Jllndia in the month of November of isdto
- the year 1912. to-wit: .. follo
1I;very. parish antd self-taxing muntio- -
- cil'iity shall have thle right to exemlpt tlon c
) Le iutlistral entterprises and also tle adopt
i implroveld val ue addel to unimproved adOiti
: lands. inctlding all structures thereon. Sid
i by i-tmmigrants tilt' t le State wlho oco- Tesdi
it copy ' il lands as Ithonmesteads. frotl0- 1
Ii cal taxes for a petri od not to exc'eed ten th ou
1 (1) yea:rs by the vote of two-thirds it tho .
- numler of all its t:tipayers. who ars autho
- ,,uali,,ied electors, including resitdel it upon
- womlnitn ti xpiyt'ers. holding at least two)- qw lif
It thirds of thi ptropler' t slulijlect to local jilsd
ui taxatin2 within tie tiaxing locaith:lty at a itt
s. sp lit ' { el 1ctionl .illel for tlhat purpose. IplIt
I at which special election metmbers oft I
V ':arttnersllhips. associaitiions antidl heirs of _
S, - states. othlerwise qualified. shall be ihet
e i ,stitled to vote their rtspective pro 1)241 rat.i
i- of th: assessed valuation of said part- $200(
x. it:erships. associations or estates. Elach otall
- t, ter)rise so exemllltedl nlllst he stu.l:t- b--a
is I lihiII the liniits of tlhe exellpting poses
t autthority "and be established after tile TlY
n- exemption is granted.. i.. . w
e it. 'fl'1n is Hre ted further resolved, i
i- Section 2. l-e it r
by etc.. 'lThat there shlal be printed on Is ik
is I the ballot to be used at said election e
1 the words: "For the constitutional whli
1e amenhdment authorizillg parishes anld dt
e self-taxing municipalities to exempt new Ip
f- industrial enterprises and also improv- p
le ed value. inclusive of structures, added ate
r- to unimproved lands by immigrants tI at
e into the State who occupy said lantls rd
1. as homesteads, from local taxes for a thrd
of period not to exceed ten (10) years." and at
Il "'Against the constitutional amendmentila
ix authorizing parishes and self-taxing he
i- municipalities to exe:mpt new industrial getni
of enterprises. and also improved value.
in including structures, added to unim
It proved lands by immigrants into the *te
or State who occupy said lands as home- t I
be steadA. from local taxes for a period i
not to exceed ten (10) years," and each ul
C.. elector shall indicate on his ballot as
be provided by the general election laws of
is the State whether noe votes for or a
he against the said amendment.
0- THOMAS C. BARRET, Pt
lo Lieutehant Governor and President of (
e- the Senate.
L. E. THOMAS. tr
d. Speaker of the House of Representatives.
be Approved: August 24th. 191.
he L. E. HALL.
ed Governor of the State of Louisiana
nd A true copy:
u- ALVIN E. HEBERT. na
'o- Secretary of State. Jo
n- -- op
on ACT NO. G. e
Senate Bill No. 3. By Mr. Burke. tte
he Joint resolution submitting to the £ted
he people of Louisana an amendment to
the Constitution exempting from taxa- 4
tion for twenty (20) years corporations 4
es. organized to lend money on mortgages
on country property at not more than
of six (6) per cent Interest, net to the
borrower, with power to negotiate bonds
and aecutitites of local taxing distr
Section 1. Be it reiolved by t -il
na. eral Assembly of the State of Louisiana, t
two-thirds of all the members elected to i
each house concurring, That the follow
ing amendment to the Constitution of
the State of Louisiana be and the ,same
is hereby submitted to the qualified|a
- electors of the State at the congres-o
sional election to be held on the first e
Tnesday after the first Monday in the
month of November, of the year 1912, to- a
wit:
The capital, surplus and personal es- "o
tate of every corporation hereafter or
ganized in this State for the sole pur
pose of lending money on mortgages n r
country property situated in Louisian sa
at a rate of interest not to exceed six
(6) per cent net to the borrower, with ti
power to negotiate and handle bonds it
and securities issued by the various par- s
ishes and local districts and municipali- '
ties of the State of Louisiana shall a
be exempt from taxation for twenty (20) i
years from the date of the organization
of each of said companies, provided that
each of said companies shall have a full hi
pail rash capital stock of not less than 1
$250,000.00. and provided further that u
in case any such corporation shall ion ol
any loan charge the borrower more than bel
six rer cent interest, whether by way of ji
commission, discount, or otherwise. it ,g
shahl forfeit the entire exemption here- i
in granted..and be subject to taxation -
from the time it makes such loan: and et,
anyv such corporation handling or ne- bi
giotiating any sucurlties other than thosel h
herinahove mentioned shall incur a like Ct
forfeiture. .to
No such corporation shall have power in
to receive any money on deposit or to cpa
do a banking business of any sort, but lei
all such corporations shall be under ce
the control and supervision of the State tr
Bank Examiner. whose duty it shall bew
to report to the Attorney General qnd. Cr
the State Tax Commission any viola-t
tion of the condition of this exemption. n
Section 2. Be it further resolved, etc., pc
That there shall be printed in thelie
ballots to be used at said election the ce
words "For the amendment to the Con- ,r
stitution exempting *rom taxation for el
twenty (20) years corporations organiz- p2
ed for the sole purpose of lending money of
on country real estate situated in Lou- aI
isiana at not more than six (6) per
cent to the borrower, with power to ne
gotiate and handle local securlties." and
the words "Against the amendment to
the Constitution exempting from taxa- S
tion for twenty (20) years corporations
organized for the sole purpose of lend- A
ing money on country real estate situat
ed In Louisiana at not more than six
(6) per cent net to the borrower, with A
power to negotiate and handle local
s"ecurities," and each elector shall in
lieate on his ballot, as provided by the
general election laws of the State,
whether he votes for or against the said
amendment. THOMAS C. BARRET,
Lieutenant Governor and President of
the Senate.
L. E. THOMAS, t
Speaker of the House of Representatives.
Approved: August 24th, 1912.
L. B. HALL,
Governor of the State of Loutsiana. o
A true copy :
ALVIN E. HEBERT.
Secretary of State. a
ACT NO. 7.
Senate Bill No. J. By Mr. Favrot. I
Joint resolution proposing an amend
rmert to the Constitution of the State i
of Louisiana relative to the exemption ,
from taxation of money in hand or on i
Sdeposit.
. Section 1. Be it resolved by the Gen- 1
eval Ansembly of the State of Loy!isana. (
two-thitrdt of all the members elected 1
to each house concurrlinr. That the fol
lowing amendment to the Constitution
of the State ,e submitted to the quali
fled electors of the State for their
adoption or rejection at the congres- I
slonal election to be held on the first
Tuesday after the first Monday in the
month of November, 1912, as follows:
There shall be exempt from taxation
all money in hand or on deposit.
Section 2. Be it further resolved, etc.,
That the offilc bial batlot e uset
said, election shall have printed therel at 'lt t
the Words: "or the troo.( amend- t, t'll
ment to the Constitutiur of til State of .le-ttil i
Iloutnlana exemptinlg f'om taxatifnra ; 4 , tIIls
mollney in hand or on dtl o,nsit" .nl tilt, ' i l
words "Against the , p,:d tael tin to
i ment to the Constitutint of the St a ofr ti
money in bndl or 411 Nepsit , her
elector shall indl i:ate. th flvirt tnll
tile ts;eneral eli'tio.n ina s ' i" tie St,51 '. '111iplt
I letiler lit' votes for of' ataillst tilt- I 'r- n tl: ll t
posed anlte dment. - t itrtill.
Lieutenant (ounor tll tsiltot an .
the Set .ate. .lo i. t. l
(iker of th e 't ' ot L .\liisiana. :h :
A true cop:, t sl h"
p Se 'r:t. tty -lt' 1f tate.. ra
te ACT NO. 8. t.lt
Seitte ill No .. Iy 11r. Vlell in ptar'l
Joint resolution Trt, Iosing anl :lnll:i til ,':t
ment to the c'ostitlioi,n+ of tile St- lte of St't h re:
I outisiana. rla:ttive to authorizil.; pa:- r- lo wtn"
ishes andl Inutli'cipialities h" a reftrelj- th.at tilh
dult to their reslpective qulalified te,'- thi . die'
tors to exempt fr'iom tlaxation 1111 illll llllt their t;
.not to exceerd $2.010.i00 to ho d.l:l tetd by tlhis
:t from the value of dlwellings exclusive\'l SItc tic
occupied by Ilona fide owners for resi- et, .. Th
dential pur'pnss. only, and to withdraw at Said
such exenmptlion by a similar referell- thereon
it dutn. 11 ntlln
i1 Section 1. le it 'tresolved by' tlle State e
t General Assembly of the State of Loll- t'iInatim,
I isilna, two-thlirds of the members elcti- ! i:a to ,of
ed-to eacth hlouse concurring Tha'lllt thel for irri
i_ following amendment to the t'onstitu- Ilpurpose
I tion of IS.ty be submltted to the tiuali- ye'ars 1
1 fled electors of till, State for their five m
d adoption or rejectionl at the c('Iingres. ".\-ilin
Ssiqal electiton to be held on tilhe first tution l
sof Tuesday after the first Monlday in the inr. frt
Smonth of November. 191l2. as fotllows: from t
T That every parish or municipality. new (:
I through its Police .lury or governinf an1d pI
authority shall have tihe right to. :n4l within
t upon the petition of one-fourth of t,e (of nit
q.aglified electors residing within its .\1'1 i'ta
al asdictic on slhall, submnit to the lqul:tl- vind id
a ifled electors in rail parish i'li munic'- the St
e. Iplity, at an election to h, ' caillied and :tlgains
f hd for that purpose. after thirty days
Spblished notice. thile question us 1to Licuter
ie whether or not there shall be exemipt. d of
t from taxation an anlmont not to exceol
t- 000.0i to be detluehte, from thie value Speakh'
,h ot.all buildings exclunively occ'upied by tat
t- bo.ia itde owners for residential plr- Appro
lg poses only: provided tihat any exemption
e nity be withdrawn in the' same manner G~o\
iniwhich it may be granted. A true
el, To such exemption. vot,3d by a par
n i shill operate to grant any tax
n r owning andl occupying a Ihome
at hlin a municipality the right to de
ad d~t the exempted amount from the
'w I provement value of his property in Senate
v- rpect to municipal taxation. Join
e Section 2. Be it further resolve:l, mint
its 'Tat there shall be printed on the hal- of lo
ds lots to be used at the said election the, the le
a rds: "For the proposed amendment Pinies
nd thorizing exemption of homes from State.
nt ation." and the words: "Against Sect
ng the proposed amendment authorizing (enert
ial emptlon of homes from taxation." islanaa
1e. each elector shall indicate as pro- elect(e
m- sled in the general election laws of the the ft
he Sate whether he votes for or against stituti
I t proposed :'mendment.' the gq
od THOMAS C. BARRET. their
ch utenant Governor and President iressi
as of the Senate. first
of L. E. THOMAS. the n
or aker of the House of Represen- lows:
tatives. The
proved: August 24th, 1912. ation
of L. E. HALL. comp:
Governor of the State of Louisiana. this
true copy: Sec
es. ALVIN E. HEBERT. etc.,
Secretary of State. at st
there,
na amen
a ACOT O0. 9. State
nate Bill No. 6. By Mr. Barrow. taxat
Joint resolution submitting to the aurar
opie of Louisiana an amendment to laws
e Constitution providing for referen- "Aga
tm to the people of each parish to Cons
'ke. (termine whether cities and incorpor- exem
the oted towns and villages or any one or serve
to of them shall be free from taxes gani2
xa- licenses levied by parochial author- And
ons for parochial purposes, subject to video
ges ~obligatlon to make certain contri- a the
han ns to the parishes.
the tion 1. Be it resolved by the
nds Assembl of the State of Lou- Lieu
to-thirds of all the members
to' ah house concurritng, That
na,. t following amendment to the Con- Spel
t tion of the State of Louisiana be
ow- the same is hereby submitted toAppi
of qualified electors of the State at
;me congressional election to be held A
fled 'the first Tuesday after the first A t
res- olday in the month of November of
'Iret year 1912. to-wit:
the very parish throu its Police Jury
to- all have the right to submit and.
pon the petition of one-fourth of the Hou
es- alified electors therein snail submit Jo
or- the qualified electors of said parish. pie
pur- an election to be called and held Con
n r that purpose after thirty days' pub- the I
a shed notice, the question of whether a
six not all or any one or more of the
with ties, incorporated towns and villages eral
rn ithin the limits of the parishes (un- two
Dar- s already exempt) shall be free and to e
ali- empt from all taxes and licenses lev- lowl
shall by parochial authority for parochial the
(20) urposes. provided that whenever such is h
ition emption is granted. each city. incor- tors
that rated town and village so exempted elec
full hall contribute to the parochial author- afte
than les its fair proportion of all parochial Nov
that urdens. debts and e.penses common to
I on 3oth. Such proportion to be adjusted 1.
than between the Police Jury and the mu- else
.y of i'clinal authorities, and in case of dis- lons
e. it g.reement such apportionment to be 2.
tere- inade by the State Tax Commission. sunr
't-on a Section 2. Be it further resolved, ted
and etc. That there shall be printed on the ishe
ne- ballots to be used at toe said election gra
:hose the words, "For the amendment to the cip
like Cotistitution establishing a referendum yea
.to the people of each parish to deter- cou
ower mne whether or not cities and tincor- ent
r to porated towns and villages shall be re- mi.
hbut leased from parochial taxation and 11-vac
inder censes, subject to the condition of con- in"
State tributing to parish expenses," and the wit
11 be words. "Against the amendment to the ta
4nd :Constltution establishing a referend um ail
riola- to the neople of eaen parish to deter- ailt
stion. Iinlne whether or not cities ant nenor- fail
etc., Iporated towns and villages shall be re- Gi in
the lesed from parochial taxation and Ii- el
the ~censes. subject to the conditioI of con- dnt
Con- tributing to parish expenses." and each isu
1 for elector shall indicate on his ballot. as sot
:anlz- provided by the general election 'aws thr
loney of the State, whether he votes for or cal
Lou- Iagainst the said amendment. p_
I per THOMAS C. BARRlT.
o ne- Ileutenant Governor and president Po0
' and of the Senate. t ... . ai
nt to L. ~ .'rHOMS. ,
taxa- Speaker of the House of Represen- a
Ltions tatlves. the
lend- Approved: August 24th, 1912. t
ituat- L. E. HALL. le;
n six G overnor of the State of Louisiana. sh:
with A true copy: .... . on
11 in-. Secretary of State. or
,y the orse
State., ACT NO. 10. an
e said Senate Bill No. 7. By Mr. Shaffer Ifo
T foint resolution submittin" to the_,n
,. 'of people of the State of Louisiana at hi
'othe congresslonal election tuo hel
hin November. 1912 an amendment t Ihe
lives the Constitution of the State exempting
n from taxaon for tenr (10) years from l
L, the date of completon the capitaletf
iLa stock, franchises. and certain propertY Iti
s •ana. of all corporations constructing. owning af
and ooeratin' within fte , State a c-of- f
aneud 'system of irrilgalion. navigation o
and hydro-electrlc power using fresh a
wattei, streams and water she.s. plO'id- to
ed that each system be completef aPol as
'avrot. in operation within five (5) years from
mend- .Tanuarv 1st. 1913. atl providiPg f.."tof
State ther that not less than fve million tot
pption dollars shall have been expended in t
or on 'the constructlon of each svystem. Si
Whereas. the State of .ottloslanae h"a
s Gen- large areas comprising milletos of andcre v
islana. of land that can be reclaimed an, aI
ilected brou-ht Into cultivation bV rrigat on at
te fol- whereby large additions will she mad"e ei
itution to the "opulation and the assessed
quali- ue of the State; and otrutetd *1
their Whertteas. canals can be cons trnti
agres- so as to provide irr gat.ont e's ...uty p
Sfirst and power, and it is the State dutyran- pl
in the to encourage and promote the oani- p
ows: ' satlon of such eghcertneb the i'- ,
cation ISection 1. Be reoed of Lous- ft
d. c.. ana twot of all the members p
t IPl 'Pted to each house ,oncurl'ing, That state; sch:
Sthll,, fl'lowini ;amenimenlt to the Con- ferry, lar
stlitutitn be submnitted too he qcualified iraft. whte
,'lectl, of t!le State for their adoption :ransporta
("r trj'etion ait the oingresslinal eleo- for oil or
ltiin to 1. !i :el on the first Tuesdaly lind 11owe
iftlr the, fir:ti Mondlay in thei month juncttion V
of N ve'nilttr. 11 'I2, as followsi : practically
I There'r shall 'x ,'x:enpt from taxation road hitsir
i' Io tn l l1 vilearsi froml t!' d(latef of tit'll Silch
Y omnph'l, thet 'apit' l stc'k. fr'ranl'hi('S the Tax
nId property of all 'orporationis con- light ant
itru0 nel wnini i and: operating within source of
St, L Stat ,mihined systetnm of irrica- - 3rd. A.\
SI ,ll. I:'\1i;ationn a,.1, hydlr'o-9eetrie pow, - in(.lding
r .r. u1i( ft:'sh w:terT of L, uisinlt trust cotn
•ti-; ':1 ls, .l,1 wat.l'-ewhels, pro\livh that whlt'ther ii
oa'l 1 ~'\'t m :'11 ill hli connpl'tetld a1l: ill that the
'lot'p 'tiOn withili five ( i. year': from 1i4ii;rs i4
.I•h truary lt. 1:11:1. ;l 11n pr.ovidlr'l further taxtr!. f
tha (t iit 'loss than flee liliioll dlitari estate. oif
S s!:all h:11'. Iw.,,n expl.,n,!'.l in the cn e- "ualize
qtr'1 tin1 of net' h 's:it n. No r'.:l or 'iin t, th
'l: "xvlOiption ON ( p it that whii'h, 1 ist i iatted
i4'(".4* s;trit'! ' i,,llln tetil w ithi antd ai1LIl''- .ib. .\
tl:;l tl t 'actih 'ai al s'ystem i :11l ' ftl'lr - it.t I lli
11. i1 part ti heretnof, r I' ! ll this exm t1t- gn : "
1i ti~1 e,::t lnd t1 the : ess'ss ,I va\ lui t11111 pa:,r'tnellls
of eIchrl r':1l e.state had ;at the time it n11:1\ -,1' lrdpo ero
"- i niret 'I by tue tromnpatlny rivi i; tirovi it li
- thait lthe right of the State to r'egtul;it, iersllons r
I- IIh diversiolt of its public waters frotm i
fit tueir natural helds shall not ihe- waivt'el 5th I. e
.d by this altt i ntnidt'ltn ent.s
t' St tlion 2. lle it furtiher iesl\vedl fineriies i
i- et'.. That tihe official )hall t to be used is 1.o,(h
twc at said election shall have printed (lofint"d I'
I- tllltreonl the words: ''For the pit'oose.t, 1 finelts r';4\'
alinilndtlentit to to he ('Costittition of the thalt Ituy
lit' Slate of Louislana exemptlinsl from titn thii
Ii- I :txatioin for ten fll y'ears from the hy it frti
"- I t:lto if compnletion e 1ritain new canals it..
1ie for irricgation. navigation and power 0n1r. A
II- jillrlwoses to lie (onmpleted within five nPr:r11.
!i- yea;rs with a coital of not less than ltrttt:t'i:.
'ir five million dollars." and the wordls: . 'ret
'- \:ciillnst the laml enll .ent to the ('onsti- t"re t€t
tile s t:+it
'st tution of tilhe State of Louisiatla exempt- tefine, it
he iinr from taxation for ten (10) years pr
fl.rom the dlate of completion certain tit ' I tro
ty, new canals for irrigation. navigation sourei 4e
ng and low"'er prlip'loses to li' colmlpletel tnc 11
td within five (3) years with a capital Iroa t"r
he of not les-1 than five million dollars.' ,13 1 i
its .\ li taci(1 electoi'r ubha1t( ilndicate as pro- 1 '1 e
:i- v'idid in the gi'leral elec'tin laws of el' ori
i tc- th t:iate w\:hether he vot's for or shill 1t
1l a gainst thile n'no:vItllt amendntnt revenuel
•s' TI!nM MAS C. IARRE. tnAIt, .
to TLicueton:lnt ov''rnor and Presidlent to
1,`t of the Senate. ina
,l T,. E. TIIO AS. . All
lue Speake'r of the Iousise of Represen- lion. ext
bh tati\vs. s innmy
irt Appirov'l: .August 2tthi. 1912. f
ton T. E. I.\LT,. to each
tr t\ovel'notr of the State of Louisiana. shall ,e
A true copy:
ar- ALVIN E. IIEBERT.
:x-, Secretary of State. The C
me -to levy
Ime speclht
hel ACT NO. 11. 1. A
in Senate Bill No. S. By 'Mr. Voegtle. corporal
Joint resolution proposing an amend- share.
e:1, m-nt to the Constitution of the State . A
tlI- of Louisiana exemoting from taxation instic
the' the legal reserve of life insurance com- exceptir
ent rpnies organized under the laws of this compain
uom State. homest
nst Section 1. Be it resolved by the ten dol
ing General Assembly of the State of Lou- twentic
in." islana. two-thirds of all the members Ized cad
)ro- elected to each house concurring, That ;hall bi
the the following amendment to, the Con- stock a
inst stitutlon of the State be submitted to 3. A
the qualified electors of the State for ganized
their adoption or rejection at the con- ergisine
it gressional election to b.e held on the reed c :
first Tuesday after the first Monday in ennum
the month of November, 1912, as fol- and st
1- lows: fnd lif
There shall he exempt from all tax- Ing an
ation the legal reserve of life insurance no sue
companies organized under the laws of On fot
a. this State. be lev
Section 2. Be it further resolved. capital
etc., That the official ballot to be used this S
:e. at said election shall have printed lieu of
thereon the words: "For the pronosed surplus
amendment to the Constitution of the and dr
State of Louisiana exempting from all surane
row, taxation the legal reserve of life In- a flat
the surance companies organized under the 510,000
t to laws of this State." and the words: iana d
'ren- "Against the proposed amendment to the 4.
I to Constitution of the State of Louisiana autom
"por- exempting from taxation the legal re- all ot
e or serve of life insuran:ce companies or- transy
axes gnanized under the laws of this State." I hire, i
thor- And each elector shall indicate as pro- ment
t to vided by the general election laws of I levy
ntri- the State. whether vie vtotes for or $.00.
against the proposed amendment State
the THOMAS C. BARRET, go to
Lou- Lieutenant Governor and President remal
ibers of the Senate. paid
That LL. . Ii o~MAC -." asatiu
Con- Speaker of the House of 'Represen- macl
is be tatives. clusli
!d to Approved: August 24th. 1912. the
etL. E. HALL, withi
he l Governor of the State of Louisiana. 5
ii A true copy:11
irst A cop: ALVIN E. HEBERT. n
er of Secretary of State. ten
r - each
a nd. ACT No 12.
Sthe House Bill No. 2. 3y Mr. Roberts. half 1
ubmit Joint resolution submitting to the peo- 6.
arish. pie of Louisiana an amendment to the sugal
held Constitution reorganizing and remodeling licen,
pub- the State's system of assessment and tax- tha
S etion 1. Be it resolved by the Gen- talc
a lgei eral Assembly of the State of Louisiana, r
un- two-thirds of all the members elected rese
e and to each House concurring, That the fol- of t~
Sl1ev- lowln amendment to the Constitution of buvel
ohial the State of Louisiana be and the same
uchm is hereby submitted to the qualified elec- for t
dc or- toras of the State at the Congressional if st
pted election to be held on the first Tuesday he di
uthor- after the first Monday in the month of the
e ocln lNovember, in the year 1912, to-wit: ea
c on to Article I. F
s ted 1. The taxing power shall be exer- sut
Smu- cised by the State and by its subdvls- excel
if di- ions for publie purposes only, emni
Sbe 2. The taxing power shall never be child
n. surrenderetl, suspended, given, commu- the
ol oled. ted or contracted away: but where par- wido
nthe ishes or municipal corporations shall Set
leictl grant exemptions from pcarish or muni- ond
t o th cipal taxes for a period not to exceed ten pe
nttum years from date oef completon to en- estal
dtert- courage the establilhment of Industral et
cor- enterprises, or a similar eemptin to m- ter
Sre- migrants of the value aded y them to each
ind 11- vacant propertY owned and occuied as a Th
t con-. hone'stead, stth exemptions shall not be cegr
ra ithdawn either as to enterprises es and
to the tahllshed or substantially begun n good em
ndu- fai~th, or to immigrants who have actu
dter-all t acquired and improved or in good with
tncor- faith begun to Improve their homestetls. an
be re- since the granting of the exemption. The Fi
and Ii- General Assembly on behalf of the State, latin
f on- and the governing autllorlties of all, sub- i
o each dtivsioils of the ftlie on behalf of such TI
lot t as subdivision, m:ty defer for not more than lax
W t three years the coliection of taxes in lo- first
or caltles subhjected to overfow or o therfo coro"e
publlc ealamitty. Iwe
th-3. The General Assembly shall have
deet power to classifY tall property for taxa- m
tion, and to adopt different rules and inhf
tl rates for different classes, but such rules a h
es. n -and'rates shall be equal and unuor- on A.
all subjects of the same class tnrougnout "hal
the territorial limits of the authority +wo
tL. levying the tax. All ouch classifications "his
dana. shall be based on the characteristics of ror
the property itself or its use, and never font
RT on persons or ownership.
Stat, . 0. Except in ease of foreign invasion
or. domestic revolution, the General As- `
sembly shall not have power to levy duc
any at valorem propertY tax in excess of
Jhffarff four per cent: but" the General Assembly "en
to th e shall not exceed the rate of two and one
ana, at half eikr cent except .hy a vote of two- her
it held thirds of all the membets elected to each n
nant to house thereof. AtlI
spptin t Article It.
ra from i. The sources of State and local rev
aapital enue shnll he segregated and, except as "t
irppert y hereinnfter specified, or as may be here- '
wnonin aft'gr permitted by a vote of two-thirds P
at on- of athe meni"et's elected to each House '
vcor tin- l of the ,enerl Assembhl , eqeh taxing -'a
g frfsh authoritv shal lie resttictc in taxation . .
prom'lt- to jte ,wn sources of revenue as herein L
d e an: an1 asigned.
rs from 2. rontil othlerwi'c provided by a vote
f ftlr- of twsn-thitclr5 of t!l the members elected '1C
nt!llon Ito each House of the General Assembly,'
dod in the fellowing shall be the sources of iht
I State reventle:t
aa haat 1st. The special taxes hereinafter pro- 'ril
vicacre 'l vle~ for.
e' and 2nd. All corporations, private persons
rigai,,.n and uninci rnorated aqsociations that op
, se val- diction of the RlalrouAld Commission of I
Lo-" tiian.; street railroad; cnmblned tht
srutted *treet railroad and electric light and
viaattln power business: heating or refrigeration na
a's duty plant (not inclusive of cold storage 0'
o oran- plant); telephone Itne: telegraph line. e
whether wireless or otherwise: expre"- w
the G,'-- line, dining car, sleeping car, oil car,
LuLou:-- mfrgratifng car, or cars for any other r"
mebebers pos operating upon railroads in t:.
state; steamlnboat, nmotor boat, steanmshiP,
ferry, barge arid tug, or other water1
craft. where operated for lire, canal for
:rauslportation or irrigation, and pipe line
for oil or gas. Wh11en the electric light
land power bulsiness conducted in con
junction with any street railtro;d c:n ti
prctic allY s 't'i'd front the str,'t rail
rt-roiad husinesti s f" r p ril'pO S 't of iass( '. s elletit
thenb such s'vrt'raniCi' shall be il:idC hy
the Ta"lx ('olission and sllch electric
-'.ilght anid p|,,v r business shltll not he a
i iurc'e of tI: to ri('vtinie.
3rd. All hikr;ks. State and Nat lal.
incluldiing savings banks, trust h;i:ns and
trust comanitsit. il and all private btllkcers,
Swhether individiual or parte'r'shiiis, save
that the real estate of all l.inks :ind
ha!l il.rs shall he loea] ll :I::'s; |'ld ail
r tli'Nl . ''The assessitIIillts of thl. real
esIlate of hilnk aind l,:illh r"s st.'ill bh
_ ,,lualliz.ed amlnlally by the 'T',IX t"',nimis
tr "i I,. ti'he l i.isl ostah lli:l,'d a1 ! ill v'utifi
in each hoticuity w\here .cacth 1I. l t9:l:0o
i is 1 'ateli .
.1t1. AMI ins.u.ance comptanies includ
i:lttl bauili: and s1uretVy ilpnt li*s. for
,1ig or" dllllhStiC , inl t '"i ' p rsg o s andt
t pir:tlnrsl0ints otig:ig.l in ins tring pIrsits
iir proit ltpi rty. sa' ilthait till ti''' ieal estatit
1 i" "ll l'l"p 11oi cl l r t rty of sul ch ci' otip:lPtiles,
liers ins or tartnershlipis shall be locally
l assessed 'ind taxed.
i lth. All s,.a'ar refincrtes. rice mills,
cotti i : i l,e' oil mills, C'Itton s.eed oil re
fill''ies :111 't'ilc'li's of petrtlumlli id
1its "ol, lits. A slugar rtefii''ry is hereby
1delintid t hle a coi','trn thait hiuys anid re
Sfines" rliw .l 'ir exlosively, or a conierts
that Las :,.n roefines more raw mtlr
nti in the iaggrt.gate of the tillguar prodriltiled
thy it ftiront caine grown and purchased by
r l tlh. All mines of suilphur. salt or other
rninor: s. all o il lor gais illts. all stone
qn itrriot . sand. gravel and shell pits.
,. O(nly 111e operative property of State
soutrces of revenurt shall be segregated to
SheI i St:te. lThe Ienllerll Asselniv shill
t s lefine, in a t;lltnnl r not inc!isit lort with
ni. p rovisins of this arln dlrollriiinti, whiat
the opi~tivo lirinotor't 'iif 'eacc h ul1i'ti
Ssu'turce is. Real esolte antid Ithe imlrove
lionmts thoron i forming pitrt if any rail
road t.t'iniitnl. detlr or yard lor wlre
lihoiu' or sh'p. ''ouitired ifter .ilvy 1.
l'i , e n thi ,u'-rlh it nlay frmn : r't of
or lt ohetiea li rone eirierty of any railroail.
S lsh1l nit bhe considered ia sriti.e of St:ltar
roVtlnui' ex'ett lv conlsttlit iiloti atnrind
i 'rnt, haleo':: suih jutal t "iv vi', h', n.
4 Trior to saii id at. part if a1 raiii'.id ter
Irinial, diollol yard. wan-ltiosoe or shon.
1. All ither rornnerty suv aihiot to tc"t.!
tion. except ais heein sntilt ie.,, or except
as iniy hereafter lie dir'eotole hv a vote
of ltw-thirdsi of all the lnmemtlas !ecter
to each house of the l sslll' t !i e . ''cintbly,
shall le sources of hlocil taxation.
Article III.
The General Assemblly shall have power
to levy for State prrposes the following
special taxes:
1. A tax on the transter of stocks in
tie. corporations not to exceed 2 cents a
nd- share.
te 2. A tax on tax on the organization of do
!o inestie corporatio.ns, organized for profit,
m- excepting ban ks, fraternal insurance
his companies, and building and loan or
e homestead association, not to ixceedl
ten dollars flat, plus not to exceed one
Oi- twentieth of one per cent of the author
ers ized capital stock and surplus, which tax
hn :tiall be levied upon increases of capital
on- stock as well as upon original issues.
to 3. A tax on private corporations, or
or ganized for profit, for the privilege of ex
e ercising corporate functions, not to ex
cth reed one-twentieth of one per cent per
in nnum on the outstanding capital stock
fol- and surplus, excluding banks, fraternal
aind life insurance companies and build
tax- Ing and loan or homestead associations;
ice no such tax to be less than five dollars.
of On foreign corporations this tax shall
Sbe levied on such proportions of their
Ive capital stock and surplus as is used in
d this State in intra-State business. In
nted lieu of the franchise tax on capital and
ote surplus, life Insurance companies, foreign
the and domestic, not including fraternal in
all surance associations, shall pay annually
In- a flat fee of $150.00 plus $2.50 on each
the 10,000.00 of premiums collected in Louis
irds: iana during the preceding year.
t the 4. The annual ad valorem tax on all
ania automobiles and taxicabs, and also on
I re- all other auto-driven vehicles used for
or- transportation of persons or freight for
ate. I hire, with permission to the local govern
pro ment of the residence of the owner to
s of levy an annual license tax not to exceed
r or $5.00. One-half of the proceeds of this
State tax collected from each owner shall
go to the State good roads funds; the
e remaining moiety of such 'tax shall be
paid over by the State to the governing
el. - anthe y of- the locality from whclLhthe
e machine is registered, to be devoted ex
clusively by such governing authority to
the improvement of the public highways
S within its Jurisdiction.
na. 5. A tax on cotton future contracts,
in lieu of all licenses to future brokers,
r. of not more than fifteen nor less than
ate ten cents on each purchase and sale of
each 100 bales, to be naid on each trans
action, one-half by the buyer and one
iberts. half by the seller.
eo- h6. A tax on grain, coffee. rice and
Sthe sugar future contracts, in lieu of all
daling licenses to future brokers, of not more
Stax- than one and one-half per cent nor less
than one per cent on the commissions
Gen- tald on each transaction. Each unit con
siana. tract as established by the rules of the
lectd reso ectilve exchanges shall be the basis
fl- of the tax, to te paid, one-half by the
iof buyer and one-half by the seller.
nsae 7. A true. progressive inheritance tax
, elec- for the benefit of the General Fund, and
isional If such tax is levied all beneficiaries shall
sday he divided into the following classes with
ith of the following maximum exemptions for
S First, ascendints, descendiants, an
exer- snouses, with an exemntion of $2,000 each,
dvis- except as to the widow, when the ex
emption shall be $5.000. and arrcnt as to
ebe children under the ages of cixteen. when
shall Second, collateral relations of the see
ani- ond degree. including nenhews and
edten pieces and their descendants when the
o en- estate is divided by ronts, with an ex
1strlal emption of $1,000 to each root, and daueh
o im- ters-in-law with an exemption of $1,000
rem to ea ch .
St ea Third, collateral relations of the thlrd
t be degree. excluding nenhews andt nieces
es. and their reriresentatives, with an ex
goo emntion of $500 each.
actu- Fourth. all oth er collateral relations
good within the sixth degree inclusive, with
ds an exemption of $250 each.
if sub The maxitmum rote of the progressive
lan tax shall not exceed eight per cent for the
in 1 first class, twelve per cent for the second
tihe class, sixteen per cent for the third classe
I have rnd thirty per cent for the fifth class,
Sxa- maximum rates to be attained when anV
:t, ad inheritance. legacy, or donation exceeds
i rules a half million dollars.
ormAnd the minimum rates of such tax
otml hall be one per cent for the first class,
th rtwo and one-half per cent for the secont
on -lkss. three and three-fourths per cent
itc o or the third class, seven per cent for the
Iteve f'rth clhus, and thl'teen pew cent for
rthe fifth class. Whenever the rate of'
io h r'essment levied against any inherit
ralAs- '-ce. legacy, or other dination, when de
era o l leucted from sald inheritance,. legacy
o of "r other donation, would leave the
esembly lienefcliary a smaller net amount than
ne one would have received had the in
inwon- heritance, legacy or other donation fatiln
cnto the next lower class in the clas.si
le cation according to amount of nrot
.'nh naah value, then the rate of taxation
rev- -hall be first calcula ted upon the mex
S eptum amount in snaul next inwe'" e'qnq,
ehe e 'nd the remnintiln amount of th ' inherit
therds r ce. lcegacy, or other donation shill be
H ouse incd at the rate fixed for the higher
arxing ,'tca into which the inheritance, legacy,
attion o" ther adonation falls.
erein D'ilienttion of inheritance taxes as he
*ween this State and other Stnte. for
avote ^-n and domestic, shall be avoided by'
ected '"io axemptionn of cornoreal prorerty be
s mbly " neoring to a deerlent -f this State, and
cs of -titated out'de onf this State. to the ex
'ent of any Inheritance tax of such'other
tepro ttate: and by th. eexeminti.n of inor
",wreal rights belonglg to nnn-realdent
persons 'edents. such an shares of stock in
'hatt o. rrislana ornrrations, notes. hands, rnd
a ejuris- n"idences of debt due bv Lounian't debt
-.1n of "-s or hearing on Louisiana property, to'
ombined the same extent.
h ltand This tax shall also be annlted tr all dn.
geration nations Inter vives, the donecs to he dl
storage rided into the same clas~es hereinhefore
ph line. s.efited. All donations Inter yvlv,' to the
expre' *me person within a period of five years.
car, "all be taxed as if together constitu
her 'p" rng a single donation.
in t . Legaces and donations Inter viros te-
