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exeed One Hundred
Sccrued Interest. If t
c rchrsed as afore
fund shall be nvest
of Ltqutat, of the
t ond, tterost hearing e
8 ,nt on less tha:n f,r
H tum lt:f""'c. ' ,n the
'itrnig a i at , :.rt e the /
atu. rt.o h^ '"e 'n
at a rats n e
tour p e ' t I 'I
Sshall be :,," ,"
to shall I""e' i' ';:
the b seen
B fum e,( ,;c I
Dollars a vi t
aio-t t nt or ,,' ,,n ;
fun d r e d ,i t ll wn l ' O a
millnts oLf ta.r« M r
save been p all ,-, ..;
all tax tilO
O x Mille of ta",'"l'. rt e"n.r
Ssum of r I, ,
the place of
enth mlisrl and
of tfiquildeat ',, r ;t
sll have pt .e
coditions ar. 'o"' 't" F
p roided "l i, t, .' s
Jshtedness mane '
' _nst the irat . ' .
xcluding at el ' r
isued by an' n.
r, tes of in ,.'ir ,.S ;:re :
lt and fees die to tLe
ots drawn pr or to 'SO
but not funh't 1 ia t, lt
is drawn ftter .iranur'
t 17 and pr "evt lt , C '
however, that the , n,,, e
uthoriled tr'steer it tie
id claims mtny pritr to
II, 19i15, but not th rer ifter'.
st the Board of T,iniida
-ttst Debt by ru'. soliv
y In the distri-t cnur!.t or,
i East Baton rt''&ile, to
id claims examirlned nirl
and the indehteiu~esC dsle
mined, whiit court is
jurisdiction for that pur
etion shall exte.d not
determnlation of the mer'
of the State on any of
at lso to the d.etermina
nultable liability' of the
and the extent of .twh
,Mlity. Appeal shall lie in
respective of the amounts
ti original record, to the
Ertt of the State of l.ouisit
Juflutlive decre+e. of said
-ot have the effec't of ijulg
the State or the I:oard
of the State Debht. The
idation of the State Debt
l exclusive power to set
thyS approved by the
State, out of the sinking
podded for as funds are
they shall not ie paid
t of any other fund.
ttis amendment shall he
rtcognition by the .tate
o, whether legal or equl
owners or the holders of
M above designated bonds.
ralmlg, and the burden of
-est throughout on each of
to show such liability.
filst surplus accruing In
fund, there shall be paid in
of principal and Inter
te bonds of the State, the
of which aggregate Thirty
Dollars. and which
the United States as trus
4 amended, shall be
5 self-acting and directly
Ie power and authority
without an enabling act
Be it further resolved,
Assembly of the State
'two-thirds of all the
to each house con
the official ballot to be
uleotlon shall have printed
amendment to Ar
enstltuttion of the State
relative to the refunding
Sof the indebtedness of
propoeed amendment to
the Constitution of the
relative to the re
8ttlement of the Indebt
eleetor shall indleate on
Sprovided in the General
of the State whether he
sit the proposed amend
L. B. THOMAS,
Hose of Representatives.
, !IOMAS C. BARRET.
Y anor tad President of
L F R HALL.
I the State of Louisiana.
or 3o. 3s0.
1. By Mr. Amacker.
mnt to the Constl
State of Loulsiana. pro
texemption from taxa
often (10) years from
completion. of all rail
of railroads, construct.
to June 1, 1912.
_t enacted by the Gen
-W the State of Loulsti
:oif . all the members
of the State of Lou
00 to the electors of
net election for Rep
-ongress, to be holden
7 after the first
Cinher, 1912, to-wit:
ampt from taxation
e years from the date
ahy railroad or part
s alil have been con
ad prior to January 1,
= on shall include and
ta of way, roadbed,
. way, roadbed or
31 depots, station
ectteons and strue
t to such railroads
of the same; but
the depots, ware
and other struc
Date. nor the land
I erected at terml
the property of
or owners, or be
5ied to any corpo
person or per
and provided fur
ston shall not ap
I sidlngs, switches,
rOvlements or bet
' he constructed by
Operatlon within the
;xtenslons or new
by such railroads.
that when aid has
thich may here
y5i partsh, ward or
railroad, such rall
entitled to the ex
tiOe herein stablish
rether enacted, eta.,
-ullots at said else
*Itntd thereon the
Of the State of Lou
Menption from tax
from the date of
1 railroads or parts
and the words
the 8tate of Lou
ton from tax
.s years from
1 fi1L" and eust
i or an u war thdeate aw tor thee rt
etaxation and the p~urpos, thereof she
thave been aIbmitted to the property t
Spayers of the satJ ward or parish e
Stithe general eler th election laws of the stat
the Sther he votea majr ority thereofagainst the
amenumber and valt of those voting
Ssaid election shatll have vcoted in fay
thereof. That ths article shall
Sself of perathe ou of Repr e
Scton 2. l IAS C.rther resolved,
LieuThat this proposedur amendment ofshall
submitted to qualified voters of th
, tate efor adoptiot or rejection at
eongressional eler t!on to be held in Nd
Approved: Jury 11th,. 1912
vember. 1912, and, itf adopt., the uisara
shall take effect immdtely the
1 Al \I i\ :. tIliE ýR 1'.
ACT NO. 9.38.
-te Pfl i . . tv rMro
Section . Be lt further resole
etc.. That on the official ballots to I
issued at said election there shall
,eplaced the words "For the propos
1 r rinamendment to rArticrle Two Hundred a
SNinety-One'i, of the Constitution of L
isana" and the word s "Againstfor the
posed amendment to Article Two tHu
odred and Ninety-onmarae of the Constituti
'.; - rtA 1 1. P,'--t y te 'e
ern. o« tr'ilv "rf ile. '.iti to ,f I ,or IK
of Loutana," and ea ch elector shall. II
dicate, as provided in the general Ale
t fion laws of the State which e of
'. ::!Iar, be a>,;n:..i4. s,, as to ha.ti a'
propositions, "For" or "Against" i
e go. . THOMAS,
Speaker of the Hou1 e of Representati -
THOMAS C. BARREit
Approved: July 11th, 1912.
&b E. HALT.,
F i-; tlfIg, !r'ir 'rf-rn g :rn,1 r'epair-dig
:e ovornor of the tates of Loushl
A true coDy:
ShALVIN. h, .- 'r BERT '.i t t
--o~cat I-"itt ".n.rol ;,..I anrt ~lri of
t .. tax--i -.~e d I ' " tlleirn" Iin to to p--:P
lf rte t r p t o c 'I ," ,n ,:' f It n i ll 01
f to- I r -,.. a~r-': ti ror 5-tr a"!l" bol1
Secretar1 of St tarit -
Always Prints tg o he Latest and
Best aNews. al
ft iThat Its. t
ont. than Oti , Rll! t or o
Fl a.m iy P!p+, 1:,u,.11'hrtitte
1:.lt o'tlt batil patnsirrii nv W~llirt It
ini ii meipal-ti}" 0. t'f Wr~etiie'rio not
i-.(ifll.t in- 1 i , fat let fro04 t'alochr ii
t~\tit Oil A1111 r -' fo' b- riit~'.n tou liver
Irlhlti roads It li-Kr r'ie-p"tni-e par
Wih shs i graie -
itte-I. 'i' p rro-;s:'inis of tir'S :aiticle retl
at ii' to 1r9 per i-catlta tax(. Khai trot 0I ati ftil'!,t 10 tt'' 111
citr.-- that nnilri'atit th eir own streets.
Toi ia rr-y Into eFffet the provisions
of t is a Ar i; . i. Police Jurties may
er~a- t such oriintariaes of a civil nature
rtas may be Iteoeronary to e'nforce the
1 , property arid licerree tar. andt of a critni
iral naiture t~i "nnfon-ea the per r~apita tax.
>9!police Jrtrl;- arid mnrrnir~iprl vorpo
ration's in the ceenral parishlies of thisl
State ma levy othpr taxes for the
t consitructlion anrd mairiter-arrie of pub
lie roads arni brhd.ig-a withinn the tern!
ftortal limii to of sail parishes, andi may
Incur debt, art Isrie negotiable bonits
etherefor in the mnarnert arid to extenit
h arrthorizeti under provisions of Article
n 212 and 231 of the Constitrition andi the
nStatutes adopted to carry them into e.'
e Ifee t. Othier taxes may be levied by the
-Police Juriiis for road and hiridge pur
ti poses not to ex :eeti five mills for five
y ears otn thne propelrty of thre Parish,
dor any wart thererof, whether the rate of
e I taxation aril the Itirpose" thereof shall
hav~ie been submitted to the property- tax
payers of tte said ward or parish en
titled to vote undeir the election laws of
the State, and a majority thereof in
number and value of those voting at
dsaid electron shall have voted in favor
thereof. That this article shall be
e self operativ.r
Sectioni 2. noi uthreslvd t.
fThat this proposed amendment shall be
f submitted to quralified voters of this
State for adoption or rejection at the
f congressional election to be helil In No
Ifvember. 1912, and, if adoptedl. the same
shall take effect immedI~ately there
n Sectton 3. Be It further resolved,
_. etc., That on the official ballots to be
eissued at said election there shall be
placed the words "For the proposed
I1 amendment to Article Two Hundred and
.Ninety-One of the Constitution of Lou- iin, n h od Aanttepo
e posed amendment to Article Two Hun
dred and Ninety-one of the Constitution
Yof Louisiana," and each elector shall in
Sdicate. as provided in the general elec
tion laws of the State which of the
Spropositions. "For" or "Against" he
.e 1 . THOMAS.
k. Speaker of the House of Representatives.
THOMAS C. BARRhET.
ýd Lieutenant Governor and President of
SApproved: July 11th. 1!1?.
ecretary of tate
Alaf Po aints h Latest and
EXTRA SESSION 1912
ACT NO. 4.
grate fil! No h- Mr Vcegtie
.t r. ll ttIlwo I0 h f lill the l t "tfl n
01th ,fl. i a Pe, itII!. tto1 to til t
S it t ho , , t , S it-a l o . i] .- a; tlia t '
tihle (1 , Ii VI rs i l tie tSt Alllt '.4 a t
U u'! t,.,]tl ha , ' ! if a I ,-. 14' r Tl atii : "
the tollia r,, i~t $inlitri nIt to ,,be. ot: - l ,
e1tl iit lt l Ik . - tl. t' Au1r l.;i ia . 14, e
itip r l l t Ie I'S ti Iettiv S llnts ittl, " l r
tln t he fi t T',I ,,d aLfter t , 1 e fir l tn
i, r 1e p t n m gi of No n , .4 1 er -f.,
t io ilt h f l tol' i telr-e i es tIll alo o the
la di l. u ' tltc il tg all f stru ,t Ires thi er on, "
1,3 ; tttini j ntl iI nto the St4ate who ,i)4 '
iupy shtaid laidsi as iihomelste , triitm lo- In
tal t .xes1 - .ot a pol is d eltl t tO X ' , ie I~r teil
( t1) Y'ite trs by t le vote of two thirds in t
u ttl Pie t oIf 41 it. t ail paye l t 1 \i ' (art it
:alitfited , - eet an l Inluding residg nt- t
wo0lpen taxlirYr. holditg at least two
thirds of the pt l- ety sth iject to loal .i
taxatlt, within the taxing loiality at it t I
spet'ial elect in eu.lled for that lposet ,
at which spe'nal eletlott members of h
partnershinrs a1s.hoelttlos talh heirs oif n
estates. otherwise italitfied, qshall be V
entitled to vote tioer repetiwire pro rata 1
of the assessed altuatiogi of said part- $
nershlins. assoelations or estates. Each i
enterprise so, exenpted must be situat- I
ed wi thin the limits of the exempting i
authority and be established after th '1
exemption Is granted. 1
Section 2. He it further resolved,
etc., That there shall he pritetl on I
the ballot to be used at said election
the words; "For the constitutional v
autmondment at thorizing plarishes and
sel-taxing municipalitiies to exempt new i
industtial enterprises and also improv- r
ei value. inclusive of strutures, adto lmet
to .iunnprove lands by im immgrantts 1
into the State who occupy saifd lantds
as homesteads, from local taxs for a V
period not to exceed ten (101 years." and
"Against the costitutional amentudment
authorIzing parishes and self-taxing
munlcipalities to exempt neew inIustrial
entterprises, and also improvel value, a
including structures, added to unim- v
proved lands by immigrants iinto the
State who occupy said lands as hone
s steads, from local taxes for a period
not to exceed ten (10 years." and each I
elector shall indicate on his ballot as
provided by the general election laws of
the State whether no vbtes for or 5
against the said amenament.
THOMAS C. P ARRE', I
L ,. E. THOMAu,
Speaker of the House ,,f Representativel.
L. E. .HAL,
Governor of the u tate of Louisiana
A true copy:
ALVIN E. HEBERT,
Secretary of State.
ACT NO. 0.
Senate Bill No. 2. By Mr. Burke.
Joint resolution submitting to the
people of Louisana an Louamendsaent to
the Constitution exempting from taxa
tion for twenty (20) years corporations
organized to lend money on mortgages
on country property at not more than 1
six (6) per cent interest, net to the
borrower, with power to negotiate bonds 4
and securities of local taxing districts. I
Section 1. Be it resolved by the Gen
eral Assembly of the State of Louisiana.
two-thirds of all the members elected to
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
electors of the State at the congres
sional election to be held on the first
Tnesday after the first Monday in the
month of November, of the year 19t2, to
The capital, surplus and personal es
tate of every corporation hereafter or
gand sed 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
and securities issued by the various par
ishes and 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 said companies, provided that
each of said companies shall have a full
aid cash capital stock of not less than
0000,00, and provided further that
in case any such corporation shall on
any loan charge the borrower more than
six per cent interest, whether by way of
commission, discount, or otherwise, it
shall forfeit the entire exemption here
in granted, and be subject to taxation
from the time It makes such loan; and
any su h corporatiot handling or ne
gotiatint any sucurlties other than those
herelnabove mentioned shall Incur a like
No such corporation shall have power
to receive any money on deposit or to
do a banking business of any sort, but
all puch corporations shall be under
the control and supervision of the State
Bank Examiner, whose duty It shall be
'to report to the Attorney General and
I the State Tax Commission any viola
tion of the condition of this exemption.
Section 2. Be it further resolved, etc.,
That there shall be printed in the
ballots to be used at said election the
words "For the amendment to the Con
stitution exempting from taxation for
twenty (20) 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 loial securities." and
the words "Against the amendment to
the Constitution exempting from taxa
tion for twenty (20) years c'rporatiods
organised for the sole purpose of lend
Ing money on countr)t real estate situat
ed in Louisiana at not more than six
(6) per cent net to the borrower, with
power to negotiate and handle local
securities," and each elector shall in
dicate on his ballot, as provided by the
general election laws of the State,
whether he votes for or agaitst the said
amendment. THOMS .
THO~&&S C. BARRt1T.
Lieutenant Governor and President of
the Senate. L E. THOMAS
Speaker of the House of Representatives.
Approved: August 24th, 1912. HL.
Governor of the State of Louisilanal
A true copy :
ALVIN E. HEBERT,
Secretary of State.
ACT NO. 7
Senate Bill No. 4. * By Mr. Pavrot
Joint resolution proposing an amend
ment to the Constitution of the State
of Laoulslana relative toar the exemption
from taxation of money in hand or on
ecton 1. Be It resolved by the Gen
eral Assembly of the State of Louislana.
two-thirds of all the members selected
to each house concurring. That the fol
lowing amendment to the Constitution
of the State be submitted to the quall
fled electors of the State for their
adoption or rejection at the congres
sional election to be held on the first
Tuesday after the first Monday in the
month of November, l1t, as follows:
There shall be exempt from taxation
all money tn hatd or on deposit
aotion 3. oe it turther resolve, et..
That the official ballot to be need at et
said election shall have printed thereon th
the words: "For the proposed amend- st
ment to the Constitution of the State of el
Louisiana exempting from t;i i:t!in all or
moneP in hand or on d.rit a" l the t
words " \,a n -st tle Tpro'-.s.', ,,tiPtlI- at
Ineul t to thie '- in itiitutill i ' S',t' nl t of
lioii I ta '\e'llr fti,." frirl. tii . r' alli
o1. II. I ii,; ' "nl ot .1 .!"" fr
\I !i r iie' \i i,),- for or .ig t' i i I' ~. - I
.bO",l it ih\ Cll t\:!'. !;
" i ,, , e a, l ',
, i . it 1,L. )
,;'.e or' of the Stilate o:' ,L i ti atta. so
.1 t::;e ' il ! t
. !.\l?' !" l tl.~ll .; i: l" .
S, eta!y t'of St;ite. t
ACT NO. 8.
`, ' ",! R. II : ". };y M r W eil
., -i i . t t , i lr it ,, ro l 'I * a li. -l i .
'Ih al ir - ,fh i 'rl, i t: n ;tof - t,', ilS t',tii ,i l- l I
i.tl .i t" t ,i , or r ',.Ie t ile ITl l t' i i,nl '-l i .
traln I et IPriti v t) be t lieu u I pa
t I 'n Pi.t . I, t r t ale fr t o;i , ,i i !'lit i ti
' nl 1 t .l \, r, no t 'trirl. t 1 , It l. ',r, I t,,,l
'tfr m i' . in n t of ldwo lnt i nl l Il,''ti elI
(,'.." : i, ei 1,; e ra fide ow lers tr r,-,, i- !
dtl"'1 .U, cIi f nits 'o11 }. aolPt 1 to w I"-t' a 1
attl ' e"Piuit' n by a Pinhilo Ju r g 1r 1-iti
iSu it 1 1 il e it r,.sol. bri yt the i
itlin tw'i thitlrisl of thle i i ef lb'"t if l,'t
'''I t~ -:,hit hollr" conlI u rril l . That the fr
fiillit Ic .Ittln tliin rntl te o the i -nitlttl - pi
tilTn of 1.9t 'i hin s ht ittil t i tL.' ul:tlt i
ld h er us of thir. State l f " their i
adot litoi or rejlhetion at tlhe '-, itePt
iotni tl ele.1 tilo to be heild t it th: first tl
h'tl' tla e after the first iMolitlay In the '
llllmonth of Noi'vemher 1 ,12, us l,,rlity, ft
t ha:t et ru. y parish or !inti : 9 ,· ality. i
throet'h in vplrh' Jieri ot ' \tan rnp t
at;ilh l ty shall nav t ti righ! tol inr
upln the petition of one-fou to of the
(liualifh, I ,qortor. residing within its -
uristdi htin hall. tublit to th t ll! fo l - X
ifth i e letors iii sal tparish or lit unl - ti
p itlity, t sil enip tion ti) h, r call-d in't a
heht for lthat prpon., aftelr ra!ir lv
published noth-. th," l- li. ll isi to I,
whther or t not there shitll h ie h it'e fiptl'-d
$2lit '10 to be deduited from tehe vatle t
(if all huildling s exclusively o,.,Ulpliedt by
hoLna fide owners for residential p1"- A
Ioses only: protded that any extititlnIf
may lie 16%,withdrawn in the same manner
in which it may he granted, A
A'lo slti exeAnptioti voted bl, a ri r
sh. s.hall operate to grant av tiax
tpayer owning atit ondeupyinlg t home
within :i munleipality the' right to de
duet the exempted amount t'ro the
timprovn'emnent .'aloe of Ihi. property in S
respet to munitcipl tarxation.
That there shall be prt ind on the iaro.
lots to be ted at the sltidn l ction thi tl
words: "For the proposed anmt rtllnent
althoritzi hOg exemption of" holres from
taxation." and Ithe words: ".gninst
the proposed amendment authorizing
exemption of homes from taxation."
and each elector shall indicate as pro.
r'tle'l in the general election laws of the ti
State whether he votes for or again.st
the proposed nagomtnment. ta
THOMA S C. BARRE T. t
Lieutenant , Governor and President
of the Senate.
,. E. TITOMAyr:. t
Speaker of the House of Represen. i
Approved: August 24th, 1912. a
L. E. H[ALL, e
Governor of the State of Louisiana t'
A true copy:
ALVIN F. ITERERT.
Secretary of State. n
ACT NO. 9.
Senate Bill No. 6. By Mr. Barrow. t
Joint resolution submitting to the 5
people of Louisiana an amendment to 1
the Constitution providing for referen
dum to the people of each parish to I
determine whether cities and incorpor- e
ated towns and villages or any one or
more of them shall be free from taxes g
and licenses levied by paroehial author- I
ities for parochial purposes, subject to '
1 the obligation to make certain contri- t
buttons to the parishes. a
Section 1. Be it resolved by the
General Assembly of the State of Tou- I
isiana, two-thirds of all the members
elected to each house concurring, That
the following amendment to the Con
stitution of the State of Louaisana ie
-and the same is hereby submitted to
the qualified electors of the State at
the congressional election to be held
2on the first Tuesday after the first
Monday in the month of November of
the year 1912, to-wit,
SEvery parish throuilt its Polce Jury
shall have the right to submit and,
upon the petition of one-fourth of the y
qualified electors therein snaUl submit
to the qualified electors of said parish.
at an election to be called and hed
for that purpose after thirty days' pub
Slished notice, the question of whether
K or not all or any one or more of the
i eities, incorporated towns and '1llages
U within ths limits of the parishes (uin
Sless already exempt) shall be free and t
- exempt from all taxes and licenses lev
I ted by parochial authority for parochial
purposes, provided that whenever such
n exemption is granted, each city, incor
t porated town and village so exempted
Sshall eontribute to the parochial author
N ities its fair proportion of all parochial
t burdens. debts and expenses common to
n both. Such proportion to be adjusted
Sbetween the Polece Jury and the mu
f nicipal authorities. and in ease of dis
t agreement such apportionment to be
- made by the State Tax Commission.
f Section 2. Be it further resolved.
d etc., That there shall be prlnted on the I
Sballots to be used at the said election I
e the words, "For the amendmelnt to tleo
0 Constitutoiq establshbngi a ref'f~ndunT
to thq people of edcst parish to deter
r tine whether or not cities and incor
0 porated towns and villages shall be re
t leased from parochial taxation and 1i
r ceases, subject to the condition of con
e tributing to parish expenses." and the
Swords. "Against the amendmendment to the
d Constitution establishing a referendum
- to the people of each parish to deter
a. mine whether or not cities and incor
.porated towns and villages shall be re
Sleased from parochial taxation and 1i
Scenses, subject to the condition of con
1 tributing to parish expenses." and each
r elector shall indicate on his ballot. as
- provided by the general election laws
y of the State, whether he votes for or
- against the paid amendment.
STHOMAS C. BARRET,
- Lieutenant Goverpor and I'resident
d of the Senate.
ntoL. E. THOMAS.
- Speaker of the House of Represen
SApproved: August 2tth, 1912 m.A
x Governor of the State of Louislana.
thA true copy: I H E T
- i Secretary of State.r
*AOW NO. 10.
d Senate Bill No. 7. By Mr. Shaffer.
oilt resolution submittlng to the
fpeople of the State of Loulsiana, at
the congressional election to be held
in November. 1912. an amendment to
the Constitution of the State exemptint
*from taxation for ten (10) years from
the date of completion the capital
stock, franchises, and certain property
of all eorporations constructing, owning
and operating withip the State a com
blned system of irrigation, navigation
and hydro-electrie power, using fresh
water streams and water sheds, provid
ed that each system be completed and
in operation within five i(5) years from
d- January 1st, 1913. and providing fur
te ther that not less than five million
n dollars shall have been expended in
sn the construction of each system.
Whereas, the State of Louisiana has
f* large areas comprising millions of acres
Sof land that can be reclaimed and
ad brought into eultivation by irrigation.
t whereby large additions will be made
a to the population and the assessed val
u- e of the State: and.
ir Whereas, canals ean be constructed
I- so as to provide irrigation, navigation
at and power, and it is the State's duty
he to encourage and piomote the organt
zatlon of such concerns:
ISection 1. Be It resolved by the OGen
.eral Assembly of the State of Louis
C-. tanS two-thirds of all the members
elected to each hoseq ooneurrina, That ISte
the following anrenimnent t) te,. C,'- fer
stitutton he s'blmitteld to t? ,m llt :,-i.r
electors of the SUtte for ti.,.r alt:; , '
or rete t tion at the e 'e,, ,,'a r, "
tion to '. I'ent n '
after th. e' ir . 1ts ,
of N\ e!ii t ' 19; - ,"i '
I ';, , ll h , " "
o I" a tr l, a , 1I1,I: .i lion w y, "1; ' .
h!nal '''0 ',
.s 'Pt rltl l ! '.:'f~, i e c r!,is t No r I, ',
c-a' I i v'rrr ',I"is'. ' C'.'ll'', " 1 tp -iI
t,i t :.mt ion5 thu, t t c: O , X1 I
,lil i, lf t . if L1td r . : itc' vi. n , ' r 'iý+ . ! ".
ea-eori 1 -i' nntril e d (''I wiiti ii a 1 40 ;
I'r'a't to earh c;tn l '-tin n ii fr''rm n
Saritilr " il prop' ,,rfty srilil hie ' ,\ P -I. ' I hi
i.'ra t to e h ct . y'; sPi l aIti'' f,"'n .In
t;Iw exten to he assps1ei'l v 1 :" i hat it''
" lar' i h ell it.t i;t i ;,,i r .i(t the I - th'' i
le arr ired lit v th ' aniitt; p, ,.,l.d
h t!ilti of the , Ila Stt , fte I tfi .rt t".-'t " i
thp r1'"' l oll of 11e ( lli1 ' tr' , 1 1 n''r .1
their l:at ira! Ih s shall i t be, wlt.:iI i
from th is ititlen l no'iit i''
e <'trin t . fih" it r i' i th.r r' ve ,y t fl
4tr ThI t the offi, ' ul ti',t " t i, - i
at cai ti . 'l''filn. 'iL.,ll f ivtt e print -"
thereon tl' words "''+r i t"e - ,,,i p s,,ý Ti
Im,nlmeolit to th.' Cn<titntu ,,n of ''. t' :1 `
State (f ,titsltiia oxemptie fo r i r ti,
is tlton fr:i r t' , 1l Lea 1"' !fro+ the. y
datr of imljplr':t it r'r ,a II nei w l.it t.
ifor iristi tiln. 1,.1 ii g t~i! a: ,d o'f'er .
frlllrto)es to he ,',omllpletSe, wIt'tin1 fit.." ml
I vo s iit h a liI.)al of niot r ys thl;ti Ir
fi 'p m illmion ,l~l 1rI . and 1t11 word, -
("A ainst the a ,ll it I'rnimt lt tS'n Con- 'i
stletion( of th e e tlite of ot rlh'ra : ln to
pli r fomT tAxrilitn for ti , -nt r er.,
f nIrl o tie daof tif co-itV .tiol Pemi rn i
Snew rane is f- irrigation. l avietion t h
atl poaw r p, : ,+'$rnos> to II P ommotiP'l '("
Wi'tli n fi've I Nl1 . 11"ar.i Wi .t 'tliltal t
+ef insot 1s t o ~h l P iill i aol'ars " ri
Andt e h ,e 'tor shall t ilatilet r s pro- Iht
I irl, in the o ienera tie e laws of tsI
thie State. whihetr !i lrle.. for I lllh
e'agailt the bny nn~1 l lmeti lolt
" !t \fAS1 1'. B.\Rtit :T ,
iteurenant t ',o rn'. nor ald p'rSl, n t !.
etetelT to h e TIT' M\n-irrr Thal
the foll in'ni riler to t ul at
tSpialOtr of the f'alrlise of l.tesed- tit
tir tufie e s. S te te or
Approvel: Aeugutst r"ith. 'i ,f
I. V, IIAT,T..
,,nerlnor of the State of Lo~hisina the
A true copy:
ALTVT\" 1' TIERERT,
stisr-tr y of Sttte.
in c rto
ACTO NO. 11.ti
Sen..tet ill . No. f 1al lr ,Voe ao. i CO
lJoint rn eolution r toint apr ansid- h
mendnt to ('irnstit tion of the Sotate
of ,onfsiania eYemnn,t pl from txrttlon
the leal rt t e of life oif lrife enm- ma
nanies organinzid under the laws of this e'x
,Aretion 1. rtp it reslIed by the t
Cneral ASo re i of thee S tate of Louisi to
!slana. two-third . of all the m 'm hers to,
eletel', to each loim.e ronrr'rrlin. That +z(
thex following irom latmto tio the Conr- sti
setiltrti of the tsrr he submnitted to
the iulifierd el ' a!nrs of the State for
their A aor tin n or ri'tlion dat the con- r
tgrissfinali eltion tr, beI hei on the p e
first T'uecday aft"er the first to)nlaIy h r
thie month of November, 1912, as fol- r
ompan orant onized under tPhe laws of
this S tate. 1
Section 2. IRe it further resolveA
etc., That the offihal hallot to e uaed th
at said election shall have prlintd l
therenn the words: "For the pronol s
amendment to the onstitutiton of the a
State of Lvouisiana exempting from all
taxation the legal reperve of life in
surance companies organized under th l"
"Against the proposed nmendment to th1
Constitution of the State of Louisana at
enpting from taxation the legal re- a
serve of life insuraTe companlies or- o
ganized under the laws of this State." It"
And eah elector shall ndicate as pro- m
the State. whether o e votes for or
against the proon n se amendment. t e
THOMAh C. BARRTT, (
Lieutenant Governor and President eI
of the Senate. o l
T, o a . THOMA S,
p eakeh of the HIrouI e of Represen- o
- Approved: Augunllet toth, 19it ln -
Governor of the State of Le oulnstana.m
,erretary of State t
,oint reboyltion submttttne to the pele
ple of t ulsinna a amendment tio tha t
onstllntion a renranizlnll and remondeIng
eletionn 1to e it relo ed te he Gen-s a
Seral A ivembly of the etate 1 f T,out-w ana .
o Atwo- thid f all the memers elected
iito e1h House concurgingo shal the fol
Inwing amendment to the e on titution of b
Sithye State f Taletana he and the siame
. tore of the n tate at the butwhresponat
Selection to oe held on the first T esdayn
rafter the firest Monday isn the mo nth rofl 11
nr1. The taxing powr ehift he ext nnr
a osed byo the Stante and by tr subdthvis e
- ons for uhlte puron res octplyi. s a
h2. The tax intl enwr pti aln never be
srrenderean, setper ed, given, t snmu-s a
. t id or eontrated away hlt where pinar- o
n fhe or mnic ipal orpora th ions shalI
agrant exaced 4 frand pro oa r in moni- a
en pal taxes for e pmrl-o not to exce ed ten I
& ''hit9l from date of eomplethon to en
- ourage the estaolishment of industrial
h migrantso of the talue ao ed bIy them ts u
vaeant prpnlertyow ownStle and e |tae as a
r cmeitead, sua exemptton e shall ort bhe
uhlie the grantyng . f th. exemptl.n. The
3. Teneral Assemly l on behalf of the hate i
1and the loverning a pthoriote of oall sub-i
h dtvLsions of the tAten on hailf of uich
tiubdivlson, may defer for not iord than .
athree yeare the oleeston of taxes in lo
Scalities nhsjoeted to ovenrflow or other n
Spu tri t calamity. l I
s3. The Generhl Asmh shll hvhe tes es of
thpower to elassf ll proprrty for taxa-n e
tion, and to adopt delffsie nt rule. t ndI
rtes for different classes, out uh rules I
lind rAtes shall he tlual and uniform on
oll oubjeCts of th iame claths thraghout As
the y territorial lints of the authority
levying the lex. Alp suer h t laxIsnfecatsonf
shall be exed on the rhara Coterissti of
the property itself or its ueeo, and never
On persons or ownership.
4. haxl epnt in ecase of oreln nvasion
ior domestic revolutionlhe e the General Ae
tany ad valrem property tfx in exess of
Sfour per cent; but the Ganeral A embl r
iehall not exceed the reate of two and one -
ig half per cent xept by a vto o f two-i
th-rds of all the members electe d to eah h
thenue a shall be retregated and, exeept as
Shereinafter speelfled, or re may be here
m after permnttero by a vote nf two-thirds
r- of twll the membere elreted to each House
n of the General Assembyly. eh taxing
i authority shall be restricbed tn taxation
ta ite own sources of revenue as her:in
em . Until otherwr. provide by a Tote
ridof two-th2rd1 of rr the memperv etepted
in.to each Hicoe of the soenial A tpembly,
in the followiny a halli be the oure s of
Lu1st. The special taxes hereo nfter pio
d pnd. buin eors;rations, porwrte ieraons
tyod untneortiratcl ausoelatoons that oprg
erite any railroad falline under the jurl-e
we dcthon of the ailrotd Cwmmiseeon ofs
n- lie, dining car, sleeping oar, oWt ear, re
Is- frigerating ear, or cars for any other putr
irs pose operating upon railroads ia tha
t 1 State: steamboat, motor boat. seanmnshi
I-ferry, barge, and tig, or ,th.1r watte
I -3:f'+ "I. ':o '' oi -' ;ot for hlro, ar.d f if
f,' . , 1" 'i, ' r: .., A d · , '+ ' . r
",r , " ... . ~ ,.I . , .i 11 .... r. . ,l.r
t ' " : . t + 'e :"l.. , :' l '1 ', an c,
'",' "" .I!,i . '. 4%l . . , M . ,r '
' '+ , 1 ' ,' e"nf ,'1 c . ý:I, l , Ia ,'f ': ^ CAI
:P ", ,1 , : n , o '
4t l .\ 'I, ', ' ', , !4 :o"
bytll flrom ranin 0 fr1,w, a'nP . pul# ,, . * 4'"
I nll.,e , 4' ', n s r p,,! ' ~ ,"" r. !a' t Ih ,1 ,a
m.P'-,t -, . 1 / I , 1 ": ,r .' ,. ,11 4'' A " .:ll
ntT " ... ,. th ii, 1 ,'to "P:P . ', .
i. .\Irý,t I, ':; o. CfTJL ', 1" a.. !
! i.t jI, i ,t it1t I!c rr l" ' r r 11 m B I -
i s 4,Ir ',: ~ 1- r : ... t , t r n t e, i n r ,ct t + ..pr' .
. the Ot'a4rla th r,, itt' ,f 0'a. *' 4 T oa" .
IIrt o :l i Hi'r fl ( '( l 0e 5'''I P *i' (Adthe t
"r .' 'fi i . ! . iter "frt! ar n rarot f r 1. r -
T! t "t i l, " let ' t' o :,h P s ,e . or ' ar
S7tAl orr tl'rp, tarint',rt sfin o.,otr o+ '
'1n.' ev'en, i si, orci i t'ma fll or. text ;
r the +r'tv. 1",I r.):a t oh f t;t rt.'c II .t
I h t t ''i ''ll. i of,` 1 b r ,ait , 2 S te! ' -
rhal h\' n.ews of prop'r, taxa tien
t ,r o 1'y ihI .i t p rt osa ti'rh l td.er
1ni02. 1*,1* , l;, Vll p. W n Tr illSt-l > r 1 ),!1
4 . A l l o 4th , -r . m, - er t y t h," ' p t tr a, l ' "
t1: n, ý- e+ t.- t ', h!r 'roin l;,' 4' SP1te,, Ir ex,'ept
of t A t-batns 1 11r'. ra4f "oit I m''' i*'
t t o " lti, ' of t, l1 no( e rd n embp - nory,
shll haP r .ourC o. 1tCare. taxation
?The Gsn. ra l A,s,.nlh- I N a of all h x '1'!1we
to h'"v lc r 1 Stte ,tsp oses th1e lf, ,wT' n
" A tax on rfthe transFer oa " t1oks in
co rlmP' n- not to r 1 eed t ent , .
' , t'ir o n the (b!'gani7.atian o' do
m_ tic ';r'Hi 'i 3'0. organized fir profit' .
xcip . I'll hap Illniu. fraternal itsura.nce
1oanrit le,~es, and huildhing and ha"' or
' honPstad . at nSoSiatilton. n(it to ir'Led
ten d Illars fiat, l)ll.s not to er1"e. ore
ttwentieth of one per cent of tlo a.,h'or
I zeld apital stoc'k O nd .urplusi which tax
hal lvied o upon incrP'laes of 'apital
AAi 1 stº-1 as well s uPOn oritgin - i voses
Al 3 A tax on private corporations, or
xar anized for p'Ofit, for the privilege of ez
er'lisinr cor orate flunctions, not to ox
oeed one-twentieth of one) per cent per
annum on thlle outtandirn capital stock
Sand surphms. excluding lanks, fraternal
and life insurance companest and bu!ld
ing and loan or honmsestel assiations:
Ino Aslch tax to he less trn five dollars.
On foreign corpora ns this tiax d hall
be tevied on Stch prnlorttion of their
capital stock and surpllIs as is used in
this 14tate in inttra-State business In
lietn of the franehise ta oa n capital and
surplus. life insurance r-,panies, foreign
Sand domestl', not inchliding fraternal in
hurmanPe asstiatlons. .ha'l pay annuallt
a fist fee of $15p.00 plus t2.-t50 on a
S$10t,000.I of premiums cntected in Louis
it atomobiles and tnxtlabst and alsn on
e-all other auto-driven vehicies used fai
r, transportatton of persons or freight ofnor
hire, with tprmeSl o o the local geov n
a ment of the resIdence of the owner to
Slevy an annrial litese tax not to exceed
o ti.0 . One-half of the proceeds of thtl
State tax nlleotetl from each owner shall
go to the State good rcads fuisa; the
,remining ionnity of lhes tax shanll h e
paid over by the State to the governing
uthnority of the locality from which the
machine is registered, to he devoted ex
cluRively by such governi aulthority to
the imSrovement of the public highway
within its .hurisdiction.
5. A tax on otton future contracts.
n lieu nof all lrcenhs Itn tfiture hrnkera
nf not more than fifteen nor less than
ten ents on eaenth purcha se and sale of
etach 1.0 bales, to be na l on each trans
actoan, na-rialt by the e buyer and one
t. halft by the seller.
e- 0. A lax on g'ral, enffee, ritce and
4he Thr fture contrnets. in ltau of all
ng licnomnes to frittre brokers, of not more
. tan one tanl one-half per cent nor less
than or the per ient on the conmmision
hn- red an aoa transaction. Eacoh unit con
nted sprctive exchanges fshall be the bhall
ol- of the ta, to be pid. one- f by the
of buyer and one-half Iv the se!ler.
mne 7. A true. progressive inheritanre tax
- for the benefit of the Oeneri 1onnd, and
a it if such tax ix levIed all benefiriaries shall
pay h ob dvted Into theSfollowing clases with
of the following maxnimum exemptions fos
First. nascendants. descendants. and
pr- Spnosos, with an exemntlon of S2,000 each,
is. exee4t as tp the widow. wlhen the ex
emipt'n shall he $S.,0O. and excent as to
be chittdreh under the ages of sixteen. wHen
iu- the exemolntlon shall be $..l0 each. The
a.- widow's marital fourth shall he ,xempt.
,Ill < cond, collater,'l retations of the see
-Tnd dtegree. incldne nepnhews and
len nieces and their dlescendants when the
,n- estate is divided by roots, with an axr
Ial emption of $1.000 to each root, and daugh.
- ters-in-taw with an exemption of $1,00,
to I' ah.
-aaI Third, collateral relations of the third
be degree. excluding nenhews and nieces
es- and their reonresentattves, with an ex
o1 i emotion of $500 each.
tu- Fnurth. all other collateral relationn
aodi 'wlthin the tsixth degree tnclusive, with
ds, a1n eremptolnn nof $2i50 each.
ihe FIfth, strangers and all collateral re
te, ilation. h~yond the sixth degree, with an
ub- exenmption of $100 each.
'ch The maximum rate of the progressive
an tax shall not exceed eight per cent for the
1In- first class. twelve per cent for the second
her class. sixteen per cent for the third class.
twenty-five per cent for the fourth cals.
avye and tMhirty per cent for the fifth elam,
xa- maxtmum rates to be attained when any
and inheriltance. legacy, or donation exceeds
ales a half million dollars.
on And the mlnlmum rates of mach ta:
out shall he one per cent for the first clam.
ritty two and one-half per cent for the second
on class, three and three-fourths per cent
of for the third class, seven per cent for the
ver fotrth class, and thirteen per cent ftr
the fifth elas. Whenever the rate af
dmon assessment levied against any Inherit.
As- ance. egacyv. or other donation, when de
evy durcetd from said inheritance, legacy '
0o oor other donation, would leave the
bly bItnef~larv a smaller net amount than
,e he wnould have received had the Iln
w.- heritance, legacv or other donlation fallen
ach into the next lower class in the ehass.
fication according to arhount of art.
ual cash vnlue, then the rate of taxatlnh
vy. shall be first calculited upon the maxl
as nlmum amount In said next lower class,
are- anl the remaining amoulnt of the Inherlit
Irds ance. leacyv, or other donatlon shall he
une taxed at the rate fixed for the hither
ing class tnto which the inheritance, legaytl,
tlon or otlher donation falls.
rein Duplication of inheritanee taxes as he
tween this State and other States,. for
rote eltr and domestle, ahall be avnoided by
rted the exemption of corporeal Dmroperty be.
bly, lonntn to a decedent of this State. an4
Oi ittated nttPlde of this State, to the *s
tent of any inheritance tax of such other
pr , State: and by the exemptlon of incor.
poreael rights belonging to nnn-residen$
ons detmerents. suh as shares of stock in
op. I,)uisans cnmonratlnts, notes. honda, and
Irls- evildences of debt dne hy Louindlana debt
f ors nr h earing on Loutsilana property, to
Ined the same extent
and This tax shall also be anp!led to all do.
.tlon nations Inter vivo., the donees to he dl
rage.vlded into the same cl.sses hereinhefor
line, defined. All donations inter vlvos to the
ress same person wlthin a pyerfd of five yearg
re- phall he taed nas if together constltu.
pur- ting a sinele dnnatnion.
thili Legacies and donations Inter vfloe to