The Ouachita telegraph. [volume] (Monroe, La.) 1865-1889, 1878-04-05
AN ACT

| or representatives of banks, banking
| associations, insurance companies
| and corporations; to define the duties
| of certain courts; to prescribe certain
| fines, penalties and damages; to make
certain exemptions; to define the
| duties of assessors, collectors and
Auditor of Public Accounts; to re-
| gulate the mode of assessment and
| collection in certain cases; to define
the duties of certain sample mer-
| chants; to impose upon parishes,
! municipalities and town corporations
certain restrictions, prohibitions and
regulations regarding assessment; to
repeal all acts inconsistent Herewith.
ate and House of Representatives of
the State of Louisiana, in General AS
sembly convened, That an annual ad
| volorem tax of thirteen mills on the
dollar shall be and is hereby levied for
the purpose of supporting the govern
ment OF the State, to pay the public
debt and promote the public interest
thereof, upon the assessed cash valua-
ton Of all property; said tax of thir-
teen mills to be divided as follows, to
wit: General fund tax, two and one
half mills; current school fund, two
mills; interest tax, five and one-half
| mills; levee construction and repair
tax, three mills; provided, that the
three mills levied for levee purposes
shall only be collected in 1873, and
thereafter the levee tax shall be one
mill. For convenience of assessment
all property is hereby subdivided into
the following objects of taxation:
E4,:st-All lands and lots of ground
lying within this State, owned or
claimed by any person or corporation,
whether patented or not, including in
the assessment thereof all houses,
machinery, fixtures and Improvements
of any kind thereon or appertaining
| thereto; and also all houses, machinery,
fixtures or Improvements owned by
any person or corporation situated
upon public land.
iSecontl-All horses, mares, geldings,
mules, jacks jennies, all neat cattle, all
sheep and goats.
Ztird-All carriages or vehicles,
wagons, floats and drays, whether with
two or four wheels, kept for pleasure,
use or hire.
E0urTh-Shares of stock or interest in
steamboats,, ships, ,brigs, schooners, and
all other water craft, whether at home
or abroad.
Fytth-All moneys loaned or in pos
session.
iSicth-Al capital invested or en-
ployed each year in trade, traffic, mer-
chandise, or any kind of commerce or
other business, and all Investments or
values of any kind Except the capital
stock Of banks and banking associa-
tions, whose shares are assessed in the
hands of the shareholders), and all
other investments and values not other
wise assessed or specially exempted by
law.
SeUenth-The property of whatever
kind of all corporations Overland above
their capital stock, and all money and
funds held by any such corporation in
trust or on deposit for persons or cor
porations, and used in trade or COM
naerce for the benefit of such persons or
corporations; provided, this does not
apply to deposits made in banks SUBJ
ject to checks.
EigktA-The shares Of stockholders
in all banks and banking associations
in this State; said shares shall be as
sessed at their value, after deducting
from the capital stock of said banks
and banking associations all property
therwise assessed or exempt from
taxation; and said shares shall be in
cluded at such ascertained value in the
valuation of the personal property of
such stockholders in the assessment of
taxes at the place where such bank or
banking association is located, and not
elsewhere, whether the said stock
holder reside in the said place, town,
or not. The president and cashier of
very such association shall cause to be
kept at all times a full and correct list
of the names and residences of all the
shareholders in the association, and
the number of shares held by each, in
the office where its business is transact
ed, and such list shall be subject to the
inspection and transcription of the
State Assessors during business hours of
each or any day; and the officers of said
institutions shall pay to the tax collec-
tors the taxes on said assessments on
account of said shareholders at the
dates when the respective taxes, State,
parish or municipal, fall due; and the
method herein provided for the assess
ment of bank capital and shares of
stock in banks and banking associations
shall be carried into effect in the assess
ment of the same for the collection of
taxes for the city of New Orleans and
the State, payable in the year 1873; and
the assessments of said property, made
in 1877, are hereby cancelled and an
nulled; and the courts are authorized to