The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-03-27


each year In trade traffic. merchandise, 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-
tlOns whose shares are assessed In the hands
of the shareholders), and all other investn ents
and values not otherwise assessed or specially
exempted by law.
.SeuenA-The property of whatever kind Of
all corporations over and above their capital
stock, and all money and funds held by any
such corporation In trust or on deposit for
persons or corporations, and used in trade or
commerce for the benefit Of such persons or
corporations; provided this does not apply to
deposits made in banks subject to checks.
Eighth-The shares of stockholders in all
banks and banking associations in this State;
said shares shall be assessed at their value,
after deducting from the capital stock OF said
banks and banking associations all property
otherwise assessed or exempt from taxation;
and said shares shall be included at such as
certained value in the valuation of the per-
sonal 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
every such association shall cause
to be kept at all times full and correct list
of the names and residences Of all the share
holders in the association, and the number, OF
shares held by each, in the office where it's
business is transacted, 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 in
stitutions shall pay to the tax collectors the
taxes on said assessments on account OF said
shareholders at the dates when the respec-
tive taxes, State, parish or municipal, fall
due; and the method herein provided for the
assessment of bank capital and shares Of
be carried into effect in the assessment of the
same for the collection Of taxes for the city Of
New Orleans and the State payable in the
year 1878; and the assessments Of said prop
erty, made in 1877, are hereby cancelled and
annulled; and the courts are authorized to
compel the production Of such list or lists by
mandamus, and to impose at the same time
five hundred dollars damages, at the discre-
ton Of the court, upon the officer charged
with the duty herein who shall have neglected
or refused to furnish the said lists.
o Ninth-Household goods In excess of two
hundred and fifty dollars, silver plate, jewel
ry, works OF art, libraries, pictures, except
family portraits.
and incomes over one thousand dollars, de-
rived from any source, except from property
taxed
EleUe,uh-AlI funds on deposit In the hands
or ia control OF receivers or officers OF courts.
T,Getfh-All railroads TO be assessed by the
assessors at the rate per mile fixed by the
Auditor of Public Accounts on the cash value
Of their road-bed and rolling stock, to be ap-
portiOned to each parish according to the
number of miles Of road in each parish, and
parish prOrided, that the company so as
sessed shall have all of the remedies provided
by existing laws for the correction of assess
ments herein provided for. Their real es-
tate to be assessed in the sanpe manner as
other properties of the same hiss belonging
to the residents Of the same parish.
Ihirteenth.-All street railroads, tramways,
plankroads, canals, teegraphs and bridges.
SEC 2. Be 1t further enacted, ETC.. That all
persons and associations doing business in
the State of Louisiana as merchants, bank
ers or otherwise either az principals or part
ners, whether special or. otherwise, and not
residents OF the State, shall be assessed and
taxed on all sums invested in any manner in
said business the same as II they were resi-
dents of the State.
PROPERTY EXEMPTED FROM TAXATION.
SEC 3. Be it further enacted, etc., That the
following property shall be exempted from
Frst-All lands and lots of ground, with
their buildings, improvements and structures
thereon, and all property belonging to the
United States, this State, or any parish, city
or incorporated town In the State
Second Colleges, school-houses and build
ngs used for the purpose Of free public
schools, and their furniture, apparatus and
equipments so long as actually used for that
Pnbiic hos hos s asyius 's poor
houses and all charitable institutions for the
relief of INDECENT and afflicted persons, and
the lots appurtenant, with all their furniture
and equipments, SO long as the same shall be
actually used for that purpose only, and not
Fourth-Masonic, Odd Fellows lodges and
Grange halls, where the same are owned ex-
clusively by these orders and solely used for
the purpose of the craft, parsonages churches,
chapels, converts and other public buildings
for religious worship, with the furniture and
equipments and the lots thereto appurtenant
and used Herewith, so long as the same shall
be actually used for that purpose only, and
not being property PEI rented pr4pi,.ed the as
erty only, yielding revenue at valuation
to it's rental.
Fffth-Cemeteries and graveyards.
SEC. 4. Be 1t further enacted, etc, That the
credit the accounts Of the respective tax col
lectors in each parish or district with the
difference between the gross amount of taxes
charged against said collectors upon the as
sessment roll Of 1877, collectible in 1878, and
the gross amount Of said taxes, computed at
the rate Of thirteen mills on the dollar, which
rate is hereby established, and shall be col
lected as the State tax In and for 1878, and
the said tax collectors are hereby directed to
return on demand thereof, to all persons hav-
ing already paid their taxes for the year 1873,
at the rate fixed previous to this act, the diff
ference between the amount thus paid and
that computed at the rate Of thirteen mills on
the dollar.
SEC. S. Be II further enacted, etc., That when
ever, under the provisions OF this act, stock
holder in any corporation has been assessed
on the roll of 1877, collectible in 1878, for his
stock as capital, and a new assessment there
of as stock is made under the provisions Of
paragraph eight, section one, upon due proof
thereof to the assessor or board Of assessors
the capital assessed shall be reduced in ac-
cordance Herewith; provided, that the pro-
visions of this act as to objects of taxation,
except as mentioned In paragraph eight, sec
ton one, shall be operative only in future as
sessments, and the exemptions from taxation
enumerated in this act shall not be held to
compel modification of the assessment rolls
of 1877, collectible in 1873
SEC. 6. Be 1t further enacted, ETC., That it
shall not be lawful for any parish or munich
pal corporation within this State to levy any
license tax on persons engaged in selling ar
ticles OF their own manufacture, manufac-
tured within this State; prouided, that this
shall not apply to breweries, distilleries or