Newspaper Page Text
4 I ., ' I'.
1' ( . :.' r''t,( ' ; : ,;, :
,,'ct such ord:. ,i. (' v i' 1 i),a
tur- as may b,. .' i) ilir
tj: property a;,.i ni ,,x. ard or
a crimninal natnr, ' th, ;i
capita tax.
Police Juries : ni. ,l i l ,,la4 , orpo
rations in tihe sivi.ral p:i: ii s ,,f th iS
State may lxv. oitler Itx s f,(r the
,onstruction and] !i ni'tnlLnhL (' ' 0: pub
.ic roads arid bridl- as with`n t;,' ("rri
Torial limis:= of si(d t,1ri . and nay
incur (l" bt, :!nd .<st ; . 1(' 0 1"ollb'.' l ands
h ,rfo: in tlh l .i ' :" 1) (: "
nd1 " ., th Jr : 1 d,] ' r i" , .'. Atli - f
,:O rii ; :;( I " : ,' l , , ..r
a 1 (t ` 'h- Lc <il theve vxi ted
t favor ' That this arti' le
- al i 1 ' sIf o i irative.
Sectiotn 2. l( it furthri r tEolv-'- d,
etc., That this -, roposed amineidniett
shall be lsuInii d to qualified votrs
of this State for adoption or rejection
at the Congr'ssional election to b'
in November, 1912, and, if adopted,
the same shall take effeort immdiate
ly thereafter.
Section :". I:e it furtlihr ressolved,
etc., That on the official ballots to be
issucrl at said election there shall be
plance the words "For the proposed
Stnlendment to Article Two Hundred
and Ninety-One of the ('onstitution
of Louisiana" and tlih. words "Against
the propose(1 amendment to Article
Two Hundred and Ninety-One of the
Constitution of Tuiisiana," and each
elector shall indicate, as provided in
the gen(1ral election laws of the State
which of the propositions, "FI(r" or
"Against," lihe votes.
I,. E. THOMAS,
Speaker of the House of Rlpr.csen
tatives.
THOMAS ('. I:AIiEr. t
Lieutenant Governor and l'resident
of the Senate. I
Approved: July 11th, 1912.
L. E. IIAIdL,
Governor of the State of Louisiana. I
A true copy:
ALVIN E. -IEBERT,
Seeretary of State.
ACT NO. 4. t
Senate Bill No. 2. By Mr. Voegtle.
I
JOINT RESOLUTION c
Submitting to the people of the State t
of Louisiana an amendment to I
the Constitution authorizing par
ishes and self-taxing municipali
ties to exampt new industrial en- t
terprises and also improved value, t
inclusive of structures added to r
unimproved lands by immigrants ,
into the State, who occupy said n
lands as homesteads from local t
taxatiLn for a period not to ex- g
(:eed ten (l0) years. a
Scction i. I I it resolved by the i
llihrll \-s, i lil' of tite Stte '' f i
Loui.-na. tliii 110 rds of all thI til- 1
btls, '1, . itel ,ol rt l.cih Ior- I )i i ii
e of td in n be ii ' l
.!i ; t,, , ,', . f re t Tu... ded ,
r,., the firn n ,t da,. n i t t-,e n iti -
.f New, b 'ior a t t tie r 1 H ti2 to xit.
Iv _iy pl i'i'i and s--lti-tixjil- 1 -11
nici plity shall have the, richlt to x- A
ialso the iinlroved valtue addI d to up
iiiproved lalnds influding all strue
tures ti recin, by inmmirants into the
State. who occupy said ilands ,as hoti -
steads, from loalI taxes for a euriod
not to exceed ten 1)) y(,arsl by the S
vote of two-thirids in number of all
its ta.xpayors, who are qualified elec
tors, including resident women tax
ipayers, holding at least two-thirds of P
the property subject to local taxation
within the taxing locality at a spec
ia1 e(lection called for that purpose, at
which special election members of
partnerships, associations and heirs
of estates, otherwise qualified, shall
be entitled to vote their respective G(
pro rata of the assessed valuation of
said partnerships, associations or es- Lc
tates. Each enterprise so exempted be
must be situated within the limits of rh
the <xnelpting authority and be es- to
tablslish d aft-r the exemption is
granted, su
Section 2. lie it further resolved, of
etc., That til-ni shall be printed on je
t .i.e balot t(, -,, us dl at said elec- to
tion the wotrd i : "-For 1hti (.otstitution
al aiiinilmen rt a: tori-z i g parishest
and self-t:Lxin iauthn Rp:tlit i s to ex- of
emilpt inew idistr aial ,at rptll,.ises and
also imprioved value iiirlusive of tio
strcin tctures. addted 1to it uii iproved
lalnds by imnmiigrats it:to th, State
who occupy said lainds ,.s i:, steads etc
from local taxes for a ltriod 1ot to us
exceed ten (10) years," (ud "Against ed
the constitutional amendtn-tit. -Ithor
iziing parishes and self-t:axi hg :tiici- ot
dalities to exempt n1ow indus: rial en
ter-irises, and also inprov4d valu,,, in. em
cluling structures, added to utim- hat
proved lands by immiggrants it:to the
State who occupy said lands a.' :ome
stands, fronm leaol taxes for ;t : , the
:(mi Iii tXC'Oid ten (1 ) yx-irs " 'i isi
I le' tor shall itdio.te - n on is 1 ',!- i)
n ,'' s : i , S ,t x 'l e to h , l h '
I .. l:. t.t 1..iT
S ';'.. ,,py . \. t
xa ACT NO, 6,
1 ." .r' .. . . .
., , \']i' I I" (J1. 1' TJ( i N
'. I t" aiJtli ntW . ti the i)f'o:l1, O(i I.,tCIis i ii'.a
an alltet ]:el' t to the Cons itu ionl
t:xeml:p.- froil t::xati ion fur twenl
t' ("2,) vear's cO:'porations oraan
.,a ized to lend money on minortgages
on country property at not more
o. than six (.) per cent interest,
.r net to the borrower, with power
to negotiate bonds and securities
is of local taxing districts.
the Section 1. Le it resolved by the
u i)- General A\seimbly of the State of
ri Louisiana, to o-thirds of all the mean
s bhers elected to each hlouse concu(r
. f", That the following amen(dment
f 112 the (ois;'itui!~on (of thi, Sta'le (fli
r ( .lis il ,, I a ild the ;:1la i s ele -
..r
in Il i, f r ..t
.,): , :"Ilrlo (,'," a-th it n, o" , l,', r 1 ,,f ,_ t
ed a'"s (oi cou tdry prop, rty tituald in
'le Louisia t at a rate of int rest not
to (exced six (6) per (cent net to
dn the borrower, with power to lnegott
ate and handle bonds and securities
.on issued by the various parishcs and lo
on cal distrid ts tanrd municipalities of ;he
,State of Louisiana shall le exempt
Id from taxation for twenty (20) years
from the date of the organization of
each of said companies, provided
d, -that each of said companies shall
be have a full paid cash capital stock of
he not loss than $2.10,000.00, and provid
ted I.d further that in case any such (or
eod poration shall on any loan charge the
on! borrower more than six per cent in
nst to-rest, wthethor by way of commins
01 s!on, disc)unt, or otherwise. it shall
he forfeit the entire exemption herein
rh granted, and be subject to taxation
in from the time it nmakes such loan;
ti and any suchi corporation handling or
or ncgotiatiug any securiit (s other than
those hereinabove mIentio,.ed shall in
cur a like forfeiture.
n- No such corporation shall have pow
er to receive any money on deposit
o: to do a banking business of any t
nt sort, but all such corporations shall
be unlder the control and supervis
ion of the State Bank Examiner,
whose duty it shall be to report to I
a. the Attorney General and the State I
Tax Commission any violation of the
condition of this exemption.
Section 2. Be it further resolved, I
etc., That there shall be printed in
the ballots to be used at said elec
tion the words "For the amendment I
to the Constitution exempting from
' taxation for twenty (20) years corpo
rations organized for the sole purpose
of lending money on country real es
te tate situated in Louisiana at not
to more than six (6) per cent to the
borrower, with power to negotiate
r- and handle local securities," and the
li- words "Against the amendment to
n- the Constitution exempting from
e, taxation for twenty (20) years corpo
rations organized for the sole pur
Spose of lending money on country
ts real estate situated in Louisiana at
id not more than six (6) per cent net
al to the borrower, with power to ne
x. gotiate and handle local securities,"
and each elector shall indicate on his a
e ballot, as )1'ovided by the general
, electoio ltws o(f tile Stat' whether
- 1 lw S/ 8 fPor rI ad.ainSt the satid
.. a'mendnu lIt.
TIIOMAS C. I.,EIEITi".
I LOt u adt Governc,:. and 1rd 1>s !dr
: ~L,. E. AL L.!.,
(,Governor Ci tie Sat' of , e.s anal
_ A true cop'y
i .1IlVIN l,. flI.IE I-E T,
See ret ry ef State.
G
ACT NO. 7. L
Senate iill No. 4. By Mir. Favrot. ri
tc
JOINT RESOLUTION L
f Proposing an amendment to the Con- s
a stitution of the State of Louisi- tl
ana relative to the exemption tj
from taxation of money in hand af
s or on deposit.
1 Section 1. Be it resolved by the
General Assembly of the State of ry
Louisiana, two-thirds of all the mem
bers elected to each house concur
ring, That the following amendment sa
to the Constitution of the State be d
submitted to the qualified electors ti
of the State for their adoption or re
jection at the Congressional election to
to be held on the first Tuesday af- of
ter the first Monday in the month ea
of November, 1912, as follows:
There shall be exempt from ta.xa- p0
tion all money in hand or on deposit. ex
Section 2. Je it further resolved, co
etc., That the official ballot to be
used at said election shall have print- all
ed theteon the words: "For the ])ro- Pei
posed amendment to the Constitu- Po0
tion of the State of Louisiana ex- tlo
empting from taxation all money in suc
hand or on deposit," and the wordsI th
"Against the proposed amendmont to tc
the Constitution of the State of Lou- he
islana exempting from taxation all tioi
• money in hand or on deposit. And to
each elector shall indicate, as provid- cre
od by the general eleetion laws of islh
SState, whether lie votes for or les
*''ainst the proposed amendment. lag
THOMAS C. BAItICET, clii
Iu Itelialit Governer lind t'rs 'd.nt to
I f he Senate. lir
L. E. THOMAS, ",\
i , e (if t!e House of lle .-eo- stir
tavt V. to
A ',1.t,,d -\ite-l.t 2)Ith, ht'iL.P"
L. E. HALL. inmc
r: f the State of Lou!itStInan be
. rtopy and
AL1 i ci. HFpERT. ion
ACT NO, B,
.iMNT I"ELSOItLTION
tt':a Proposici on -:n, adment to the Con
ion stitution of the State of Louisi
,en- ana, relati\e to authorizing par
an- ishes and municipalities by a ref
gcs erendum to their respective qual
ore ifi-ed electors to exempt from
Est, taxation an amount not to exceed
wcr $2,000.00 to be deducted from tile
ties value of dwellings exclusively oc
cupied by bona fide owners for
the residential purposes only, and to
of withdraw such exemption by a
•"1- similar referendum.
ur- Section 1. Be it resolved by ,the
eIt General Assembly of the State of
(: ],ouisiana. two-lhirds of 1Ihe niembcrs
I- eleetel to each iouse con currin ,
SC That 1t' flo!oait amne, dIn at to the
1-:c
in ig autlhority slia l hve thle rig'ht to'
"o, an upon the petiton of one-fourth fo
in its juris(ictyon shall, submit toh
s the qualifie'- d, electors in said pa'
lo-ish or municipality, at an election to
ihe, be called and held for that purpose,
Ipt after thirty days published notice,
irs the question as to whether or not
of there shall be exempted from taxa
ed tieod an amount not to exceed $2,-i
all 000.00 to be ldedlcted from the value
of of all buildings exclusively occupied
id- by bona fide owners for residential
or- purposes only; provided that any cx
he eniption may be withdrawn in the
in- same manner in which it may be
is- granted.
all No such oxeniption, votedl by a par
in isth, shall operate to grant any tax
on Ipayer owning and occupying a home
n ; within a municipality the right to de
or duct the exonltced amount from the
an improvement valu? of his property in
in- respect to municipal taxation.
Section 2. lo it further resolved, i
rw- That there shall be printed on the,
sit ballots to be used at the said occ
ny tion the words: "For the proposed 1
all amendment authorizing excmption of
is- homes from taxation," and the words i
,r, "Against the proposed amendment au- i
to thorizing exemption of homes from i
te taxation," and each elector shall in
he dicate, as provided in the general
election laws of the State whether
d, he votes for or against the proposed Ii
in amendment. a
- o f THOMAS C. BARRET,
nt Lieutenant Governor and President 1
m of the Senate.
1o- L. E. THOMAS, R
se Speaker of the House of Represen- I
-s- tatives.
ot Approved: August 24th, 1912.
le L. E. HALL,
te Governor of the State of Louisiana. '
ie A true copy:
to ALVIN E. HEBERT,
m Secretary of State. S
0- i-------------- Is
r- c
ACT NO. 9.
at i
t Senate ill No. C. By Mr. Barrow. iT
e- f
JOINT RESOLUTION
Submitting to the people of Louisi
. ana an amendment to the Con
dl stitution llrovidling for referen- t
luitr to the people of each p1r- o
i h to determine whetlhir citi. r
andl incorplorat-d towns arind vi
lig:os or( a (', one or more of thenl :c:
- sill ,i free from taxes and li- u
';s P ],-vied by parochial an- e
thoriities for parochial purpos. s i
subject to the obli!gation to make e:
certain cont ributions to the par- Y
ishcs.
Section I. Ie it resolved by ihec
General As :tubly of the State of cr
Louisiana, two-thirds of all the mem- d<
bers elected to each house concur
. ring, That the following amendment f:
to the Constitution of the State of ti
Louisiana be and the same is hereby ca
submitted to the qualified electors of
Sthe State at the Congressional elec
Stion to be held on the first Tuesday
after the first Monday in the month pr
of November of the year 1912, to-wit: of
Every parish through its Police Ju- or
ry shall have the right to submit and,
upon the petition of one-fourth of LI
the qualified electors therein shall
submit to the qualified electors of
said parish, at an election to be call- Sl
ed and held for that purpose after
thirty days published notice, the ques- Al
tion of whether or not all or any one
or more of the cities, incorporated GO
towns and villages within the limits A
of the parishes (unless already ex
empt) shall be free and exempt
from all taxes and licenses levied by
parochial authority for parochial pur
poses, provided that whenever such
exemption is granted, each city, in
corporated town and village so ex- Se
empted shall contribute to the paro
chial authorities its fair proportion of
all parochial burdens, debts and ex- Pr
penses common to both. Such pro
portion to be adjusted between the
Police Jury and the municipal author
ities, and In case of disagreement
such apportionment to be made by
the State Tax Commission.
Section 2. Be it further resolved,
etc., That there shall be printed on
the ballots to be used at the said elec- Ge
tion the words "For the amendment Loi
to the Constitution establishing a ref- bet
erendum to the people of each par
ish to determine whether or not cit- rin;
ies andl incorporated towns and vil- to
lages shall be released from paro- sub
chinal taxation and licenses, subject the
to the condition of contributing to
iparish evplense-s."'' and the words
Against the amniidment to the Con- Pc
sttition e'tablishing a ref-renduim the
to the picle of each p-rish to d- ,.
termi!le ,hb. i'hr o not cities and
incpoora; a towns: and vi!!aces sha!l
be rel,,se-d from paro :hial taxation atit
and lichens,, stubj-ct to the condi- sur
tion of corntribiuting to parish expen- the
-z :' - 'V - sgai·1~' ~ ' n' i'-c!i ate· '$
on hpl ballot as provided by the
general (election laws of the State,
e:l whether he votes for or against the
:,a id a1ni('d(o am nt.
lO \I .S C. I3AIRRET,
I.:cutei int Gov(,rnor and Pr'csd-ynt
on- of the Senate.
isi- L. E. THOMAS,
ar. Speaker of the 1House of Represen
tatives.
Approved: August 24th, 1912.
al- fL. E. HALL,
om Governor of the State of Louisiana.
,ed A true copy:
the ALVIN E. HEBERT,
Secretary of State.
oc
for ACT NO. 10.
to -
a Senate Bill No. 7. By Mr. Shaffer.
lie JOINT RESOLUTION
of I Submitting to the people of the State
ors of Louisiana, at the C(ongression
., al olectioli to be held in Noveni
ihe hr, 1912. an amendment to the
to ('onstituton of the S:ate ex .ipt
o ing from taxat oni for t, n (10)
he years from the date of cOlliill -
tbon the, '; it,'. stock. frlan.hisb -
ani d 'i'rta{ ! ,'irop( rI :',y of all (or,'L
" ration- c('cisn ti'C niI, (W:.inlg "ud
operating within all:, State ;l ion;
t, bined system of irripat'on, nfla
1- ;gation and bydro-lecitric 1powcr,
t+. using fresh water streams and
of water sheds, provided that each
`h- system be completed and in op
eration within five (5) years from
:to January 1st, 1913, and providing
e, further that not less than five
c, million dollars shall have been I
ot
at expended in the construction of 1
2,- each system.
,e Whereas, the State of Louisiana t
ed has large areas comprising millions
al of acres of land that can be reclaim
x- ed and brought into cultivation by ir
-e rigation, whereby large additions will
be be made to the population and, the
assessed value of the State; and,
ir- Whereas, canals can be construct-.
.- ed so as to provide irrigation, navi
ie gation and power, and it is the State's
e- duty to encourage and promote the
le organization of such concerns:
in Section 1. Be it resolved by the
General Assembly of the State of
d, Louisiana, two-thirds of all the mem
ie bers elected to each house concur
c- ring, That the following amendment
cl to the Constitution be submitted to
of the qualified electors of the State
is for their adoption or rejection at the
u- Congressional election to be held on E
m the first Tuesday after the first c
a- Monday in the month of November, t
al 1912, as follows: c
er There shall be exempt from taxa- I
d tion for ten (10) years from the date a
of completion, the capital stock, fran- e
chises and property of all corpora- f
it tions constructing, owning and oper- I
ating within the State a combined b
system of irrigation, navigation and p
a- hydro-electric power, using fresh g
water of Louisiana streams, and wat- a
er-sheds, provided that each system p
shall be completed and in operation p
a. within five (5) years from January g
1st, 1913, and provided further that e
not less than five million dollars a
shall have been expended in the con- s
struction of each system. No real or o
corporeal property shall be covered n
by this exemption except that which lE
i-i necessarily connected with and ap- e
. purtenant to each canal system and lt
forming part thereof, nor shall this
exemption extend to the assessed
value that such real estate had at
the time it may be acquired by the au
Scomplany; provided that the right of s
the State to regulate the diversion a
of its public waters from their natu
ral beds shal: not be waived by this ii
amendment.
Section 2. Be it further r..solved, b;
etc., That the official ballot 'to be
- used at said election shall have irint
ed thereon the words: "For the pro-'
posed amendment to the ('onstitu- 4
' ticn of the State of 1.Louisiana ex- r
Sempting from taxation for ten (10) to
Syears from the date of completion in
certain new canals for irrigation, nav- ,
igation and power purposes to be t
completed within five years with a es
Scapital of not less than five million th
- dollars," and the words: "Against tb
the amendment to the Constitution
Sof the State of Louisiana exempting
from taxation for ten (10 years from re
the date of completion certain new ce
canals for irrigation, navigation and m
power purposes to be completed with- o
in five (5) years with a capital of e
not less than five million dollars."
And each elector shall indicate as h
provided in the general election laws o
of the State whether he votes for a
or against the proposed amendment.
THOMAS C. BARRET,
Lieutenant Governor and President vo
of the Senate. be
L. E. THOMAS, Ge
Speaker of the House of Represen- sh
tatives. nu
Approved: August 24th, 1912.
L. E. HALL, pr(
Gcvernor of the State of Louisiana. 2
A true copy; sot
ALVIN E. HEBERT, d
Secretary of State. der
ACT NO. 11. J' ele
...--...her
Senate Bill No. 8. By Mr. Voegtle.
er
JOINT RESOLUTION lin
Proposing an amendment to the Con- refi
stitution of the State of Louisi- oth
ana exempting from taxation the roa
legal reserve of life insurance tug
dompanies organized under the era
laws of this State. tior
Section One, Be it resolved by the ad
General Assembly of the State of jun4
Louisiana, two-thirds of all the mem- be
bers elected to each house concur- rail
ring, That the following amendment
to the Constitution of the State be sue
sullmitted to the lualifiCd elec!ors of sha
the State for their adoption or rejec- nue
tion at the (Congres-sional election to 31
be held on the first Tuesdiay after ban
the first Monday in the month of No- priv
vember, 1912. as follows: or
'Iero shall be exempIt firom all tax- t
arian the h,-gal reserve of life in- asse
surance companies otgalniz d under banl
the laws of this state. ed :
Se-tion Two. V it fiurt!her reso:vwd, to t
the etc., That the official ballot to be
Itt, used at said election shall hIve print
the eed thereon the wo:ds: "For the pro
posed amendment to the Constitu
tion of th': State of Louisiana ex
ent mcIting from all taxation the legal
reserve. of life insurance co:upanies
1organized under the laws of this
en- State," rind the words "Against the
proposed amendment to the Constitu
tion of the State of Louisiana exempt
ing from all taxation the legal re
na. serve of life insurance companies or
ganized under the laws of this
State." And each elector shall in
dicate, as provided by the general
election laws of the State, wheth
er he votes for or against the pro
posed amendment.
THOMAS C. BARRET,
Lieutenant Governor and President
of the Senate.
L. E. THOMAS,
Ate Speaker of the House of Rlepresen
tatives.
. Approved: August 2ith. 1912.
L. E. IALL,
he G(overnor of tilh State o Lomisiana.
p\- A true copy:
0) ALIN E. 11EEI1:RT,
SI - retaryV of Stai t.
-- ACT NO. 12.
i'd llu:., Bill No. lly .r l.oarts.
JOINT IRISOLi;TION
:r, Submitting to the people of Louisi
ud ana an amendment to the Con
ch stitution reorganizing and re
>p- modeling the State's system of
>m assessment and taxation.
ag Section 1. Be it resolved by the
ve General Assembly of the State of
Ln Louisiana, two-thirds of all the Inem
of bers elected to each House concur
ring, That the following amendment
ia to the Constitution of the State of
as Louisiana be and the same is hereby
n submitted to the qualified electors
ill of the State at the Congressional
ie election to be held on the first Tues
day after the first Monday in the
month of November, in the year 1912,
to-wit:
le Article I.
1. The taxing power shall be exer
i cised by the State and by its sub
f n divisions for public purposes only.
r- 2. The taxing power shall never be
at surrendered, suspended, given, com
to muted or contracted away; but where
to parishes or municipal corporations
>n shall grant exemptions from parish
st or municipal taxes for a period not
r, to exceed ten years from date of
completion to encourage the estab
a- lishment of industrial enterprises, or
to a similar exemption to immigrants
n- of the value added by them to vacant
a- property owned and occupied as a
r- homestead, such exemptions shall not
d be withdrawn either as to enter
id prises established or substantially be
ih gun in good faith, or as to immigrants
.t- who have actually acquired and im
n proved or in good faith begun to im
ºn prove their homesteads, since the
Y granting of the exemption. The Gen
it eral Assembly on behalf of the State,
's and the governing authorities of all
1- subdivisions of the State on behalf
r of such subdivision, may defer for
d not more than three years the col
h lection of taxes in localities subject
- ed to overflow or other public ca
d lamity.
S3. The General Assembly shall have
tpower to classify all property for tax
Sation, and to adopt different rules
and rates for different classes, but t
such rules and rates shall be equal a
and uniform on all subjects of the I
Ssame class throughout the territorial I
Slimits of the authority levying tlhe
tax. All such classifications shall be
based on the characteristics of the t
property itself or its use, and nev- s
or on persons or ownership.
S4. Except in case of foreign inva- t
sion or domestic revolution, the Gen- t
eral Assembly shall not have power s
to levy any ad valorem property tax p
in excess of four per cent; but the n
General Assembly shall not exceed
the rate of two and one-half per cent. ti
Sexcept by' a vote of two-thirds of all ti
the members eIected to each house t
thereof.
Article II. b
1. The sources of State and local ti
revenue shall be segregated and, ex- h
cept as hereinafter specified, or as
may be hereafter permitted by a al
vote of two-thirds of all the members al
elected to each House of the Gener- m
at Assembly, each taxing authority na
shall be restricted in taxation to its e
own sources of revenue as herein ti
assigned. lii
2. Until otherwise provided by a e0
vote of two-thirds of all of the mem- ta
bers elected to each House of the er
General Assembly, the following
shall be the sources of State reve- ta
fnue: F
1st. The special taxes hereinafter be
provided for. th
2nd. All corporations, private per- to
sons and unincorporated associations
that operate any railroad falling un- sp
der the jurisdiction of the Railroad ea
Commission of Louisiana; street rail- th
road; combined street railroad and ce
electric light and power business; slt
heating or refrigeration plant, (not $31
inclusive of cold storage plant); tel- fot
ephone line; telegraph line, wheth
er wireless or otherwise; express sei
line, dining car, sleeping car, oil car, ni
refrigerating car, or cars for any th
other purpose operating upon rail- an
roads in this state; steamboat, mot- an
or boat, steamship, ferry, barge and tlo
tug, or other water craft, where op
erated for hire, canal for transporta- thi
tion or Irrigation, and pipe line for nle
oil or gas. When the electric light an
and power business conducted in con- I
junction with any street railroad can tie:
be practically severed from thestreet sly
railroad business for purposes of as
sessment then such severance shall rel
be made by the Tax Commission and wit
such electric light and power business 1
shall not be a source of State r've- siv
nue. cen
3rd. All banks, State and Nation- cen
al, including savings banks, trust per
banks and trust companies, and all fiv<
private bankers, whether individuals and
or partnerships, save that the relma:
et;tate of all banks and barikers shall nn
be locally assessed and taxed. The exe
assessments of the real estate of A
banks and bankers shall be equaliz- tax
ed annually by the Tax Commission firs
to the basis estabhlishrd and in vo for
be gue In eachl locality where nuch real
int- estate i_ loc1ated.
pro- 4th. All insurance mianiiUs in
itu- cludinf bondina, and asurety -omapanies,
ex- foreign or domestic, and all pErsons
gal and partnerships engaged in insur
ies ing persons or property, save that
his al; the real estat, and orpooreal
the property of such companies, persons
itu- or partnerships shall be locally as
apt- sessed and taxed.
re
or 5th. All sugar refineries, rice mills,
his cotton seed oil mills, cotton seed oil
in- refineries and refineries of petroleum
oral and its products. A sugar refinery
,th- is hereby defined to be a concern
pr. that buys and refines raw sugar ex
clusively, or a concern that buys and
refines more raw sugar than the ag
gregate of the sugar prdduced by it
from cane grown and purchas.d by
it.
en- 6th. All mines of sulphur, salt or
other minerals, all oil or gas wells,
all stone quarries, sand, gravel and
shell pits.
a 3. Only the opranti\e property of
ttate sources of Ire' t' e~!e - ll be
\(rl.gated to ili, Stat,. Th.'i t'ener
',a Ass *mbly-shll! d , s: in a man
ni no' in onsi: uit w- .th a, ny pro
S ui.is oft this :1111 11t ''1i What the
oIceratLive lrV;o'erty of achl tulch
ouarce- is. Real estate and th, im.
ts. pi'OVC r ents thereon formillg tart of
any raliroatl terminal, depot or yarfl
or warehouse or shop, acquired after
July 1, 191-2, even though it may form
- part of the operative property of any
Jn- railroad, shall not be considered a
re- source of state revenue except by
of constitutional amendment unless
such property had been, prior to said
he date, part of a railroad terminal, de
pot, yard, warehouse or shop.
of 4. All other property subject to
m- taxation, except as herein specified,
ur. or except as may hereafter be direct
nt ed by a vote of two-thirds of all the
members elected to each house of the
of General Assembly, shall be sources
by of local taxation.
)rs Article III.
lal The General Assembly shall have
es- power to levy for State purposes the
he following special taxes:
1. A tax on the transfer of stocks
12, in corporations not to exceed 2 cents
a share.
2. A tax on the organization of
r- domestic corporations, organized for
profit, excepting banks, fraternal in
surance companies, and building and
loan or homestead associations, not
be to exceed ten dollars flat, plus not
to exceed one-twentieth of one per
cent of the authorized capital stock
re and surplus, which tax shall be lev
ns led upon increases of capital stock
sh as well as upon original issues.
3. A tax on private corporations,
of organized for profit, for the privilege
Lb- of exercising corporate functions, not
to exceed one-twentieth of one per
or cent per annum on the outstanding
It capital stock and surplus, excluding
t banks, fraternal and life insurance
ot companies and building and loan or
homestead associations; no such tax
to to be less than five dollars. On for
eign corporations this tax shall be
levied on such proportions of their
- capital stock and surplus as is used
i- in this State in intra-state business.
e In lieu of the franchise tax on capi
tal and surplus, life insurance com
e panies, foreign and domestic, not in
. eluding fraternal insurance associa
. tions, shall pay annually a flat fee of
> $150.00 plus $2.50 on each $10,000.00
of premiums collected in Louisiana
a during the preceding year.
4. An annual ad valorem tax on
all automobiles and taxicabs, and al
re so on all other auto-driven vehicles
x used for transportatiion of persons or
s freight for hire, with permission to
it the local government of the resi
1 dence of the owner to levy an annual
.o license tax not to exceed $5.00. One
1I half of the proceeds of this State
c tax collected from each owner shall
c go to thile State good roads funds;
C the remaining moiety of such tax
shall be paid over by the State to,
the governing authority of the localf
ty from which the machine is regis
1- tered, to be devoted exclusively by
r such governing authority to the im
x provement of the public ' highways
c within its jurisdiction.
d 5. A tax on cotton future con
i. tracts, in lieu of all licenses to fu
1 ture brokers, of not more than fif
e teen nor less than ten cents on
each purchase and sale of each 100
bales, to be paid on each transac
1 tion, one-half by the buyer and one
Shalf by the seller.
5 6. A tax on grain, coffee, rice
- and sugar future contracts, in lieu of
5 all licenses to future brokers, of not
- more than one and one-half per cent
I nor less than one per cent on the
Scommissions paid on each transac
Ition. Each unit contract as estab.
lished by the rules of the respective
exchanges shall be the basis of the
tax, to be paid, one-half by the buy
er and one-half by the seller.
7. A true, progressive inheritance
tax for the benefit of the General
Fund, and if such a tax is levied all
beneficiaries shall be divided into
the following maximum exemptions
for each class:
First, ascendants, descendants, and
spouses, with an exemption of $2000
each, except as to the widow, when
the exemption shall be $5000, and ex
cept as to children under the age of
sixteen, when the exemption shall be
$3500 each. The widow's marital
fourth shall be exempt.
Second, collateral relations of the
second degree, including nephews and
nieces and their descendants when
the estate is divided by roots, with
an exemption of $1000 to each root,
and daughters-uin-law with an exemp
tion of $1000 each.
Third, collateral relations of the
third degree, excluding nephews and
nieces and their representatives, with
an exemption of $500 each.
Fourth, all other collateral rela
tions within the sixth degree Inclu
sive, with an exemption of $250 each.
Fifth, strangers and all collateral
relations beyond the sixth degree,
with an exemption of $100 each.
The maximum rate of the progres
sive tax shall not excerd eight per
cent for the first class, twelve per
cent for the second class, sixteen
per cent for the third class, twenty
five per cent for the fourth class,
and thirty per cent for the fifth class,
maximum rates to be attained when
any inheritance, legacy or donation
exceeds a half million dollars.
And the minimum rates of such
tax shall be one per cent for the
first class, two and one-half per cent
for the second class, three and thr; e-
