The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-03-11
THE LEGISLATURE.


called up the report OF the committee
and asked that the bill, as amended bs
the committee, be read.
The bill is entitled "Au act to regu
late and fix fees and compensation 81
tax collectors for the collection of oil
taxes throughout the State, and for t7.e
listing OF property for taxation In all
the parishes OF the State, except the
parish of Orleans.
The fees proposed In the bill are In
New Orleans First District per cent,
Second u per cent, Third 81 per cent,
Fourth, 2h per cent, Fifth per cent
Sixth 3h per cent, and seventh per cent ent
lin the country 10 per cent on first $4,000,
8 per cent on amounts between $4,000
and $40, 900, and Q per cent on amounts
additional over $4,000. Mileage In
making seizures per cent; seizures vi ;
sale 81: notices Is cents: licenses per
cent In the city and 10 per cent In the
country.
The bill, as amended. was finally
passed. The computations are to be
upon the sums actually collected and
paid into the treasury.
At ID 80 p. m. the. Senate joined the
House to ballot for United States
Senator, and returned at o'clock.
Mr.. Ogden presented the petition OF
Female Orphan Asylum, asking for aid.
Referred.
Mr. aoode, for Judiciary Committee,
reported, with amendment, on Senate
bill Ito, to incorporate the Hibernian
Association. a-. #
Mr.. Garland, for same committee, pre-
sented minority report on Senate bill
So, to limit the liability of the parishes,
Orleans excepted, for costs in criminal
cases.
1C9-to facilitate the collection OF taxes
throughout the State was reported from
the Finance Committee. and passed It's
second reading.
The special order-Senate bill 84-to
better secure holders OF life insurance
policies In this State, to provide q re-
serve fund therefor, and for other pur-
poses.
Mr.. Grover in the chair.
MIR. Wheeler presented a substitute,
and stated that he was disposed. to
guard against insolvent companies. but
would not support q bill which APP
peared to him TO discriminate against
foreign companies.
Mr.. Breaux said he wished time to
consiler the substitute. fl
A message from the House announced
the passage of House bill f53-the Board
OF Health bill; House bill 172, relative
to the disposition OF offal, garbage, etc,
in city limits; House bill 1888, incorpo-
rating the Mississippi and Terre-aux-
Buufs Railroad Company, and House
bill 30, to incorporate the Alexandria
and South Arkansas Railroad Company.
Mr.. Garland spoke In support OF the
original bill pending. -.
Mr.. Robertson said he did not object
to the substitute, but 1t was not neces-
a. Frs L. ~ ttu wi mi
proposed to meet the idea OF the substi-
tute by amendments.
Mr.. Wheeler withdrew his substitute
for the present.
The bin being considered by sections,
the first section OF the bill, as printed,
was amended to read THAT each and
every life insurance company lncor-I
porated under the laws of this State
shall be required" etc. This section
requires companies in each and every
life policy TO give written notices to the
Auditor of the State of the number,
date and form Of policy, name, age and
residence Of the party whose life Is in
sured name or nameSof beneficiary or
beneficiaries, amount OF insurance, and
the annual premium thereon. The
Auditor Is to keep a record, etc, and
any company falling to give notice or
procure certificates shall be subject to
a fine 800 for each omission.
Section was adopted in effect as
printed. requiring the companies to fur
Iish to the Auditor certain annual and
detached sworn statements, which the
Auditor shall also record. On render
ing such statements such companies
shall deposit with the Auditor @ sum In
United States or State bonds equal in
to the aggregate sum OF the
ltpfa
in tue sworn detached statements OF the
These bonds are for the
security OF policy holders, and are
to be- deposited with the State Treasurer,
separate accounts thereof being kept by
the Auditor and Treasurer.
Section 3, properly amended to corre-
spond with the others, fixes fine OF
Oh $25oO, for the benefit Of the State,
upon any company failing TO make the
returns and deposits when re-
CURED by the act.
Other sections relate to the enforce
lnent and collection of penalties.
An additional section was offered as
section by Mr.. Robertson, and amend
I'd by Mr.. Zacharie SO as TO read: Il
Section 6. Any company not incor-
porated under the laws OF this State
may avail itself OF the provisions OF this
act, provided that nothing herein shall
bid construed TO prevent any foreign |
corporation from doing business in this
State by reason OF not awaiting itself OF
This privilege. But If any company not
under the laws OF. this
State shall accept the provisions OF this |
set, they shall thereafter be subject to |
all the fines and penalties imposed by |
the same. go ts4Eafs3 w y6i |
Mr.. zacharie proposed additional sec
tions applicable to each and every insu-
rance company doing business In this
State, whether the same be Incorporated |
whether the said company does bUsi-
ness therein as a mother company, or |
an agency or branch of such
company, requiring them annually on |
the Ist of January, or within ninety |
DAYS thereafter to prepare, under oath,
and deposit in the. office of the State |
Auditor certain specified statements |
,rh;,h tha A Auditor shall ia h,llata FOR an. |