The Era-leader. [volume] (Franklinton, La.) 1910-current, 1912-10-03

maximum amount to be fixed from
time IT, time by the General Assem-
bly,. an iternized account of which
shall be rendered in an annual re-
port.
; The chairman of the first Com
mission shall be named by the ap'
pointing Board and serve until the
expiration of his term OF office, anc
thereafter the Commission shall Sc
lect it's own chairman.
6 The Commission and the indiVId'
ual members thereof shall perform
s,lch duties in respect to assessment
and taxation as are herein prescrlb-
ed and such other and further du'
ties as the General Assembly may
from time to time prescribe.
7, The General Assembly shall pro-
vide said Commission with an ade-
quate clerical force.
s, The Commission shall have pow
or to adopt and enforce such reason
able rules, regulations and modes
OF procedure, not inconsistent "ieh
law as it may deem proper for the
discharge of it's duties, and to hear
and determine complaints that may pc
made against assessments, and otner
Of it's acts. required or authorized by
law.
The Commission shall have pow
er TO summon and compel the at
tendance of witnesses, to swear VII
nesses. and to compel the production
OF boo ks and papers, to take testllno'
nv under commission, and to punish
| for contempt, as fully as is PROVIDED
by law for the district courts. me
General Assembly may provide oth'
er penalties for violating the orders
of the Commission.
10. If any person, firm, association
or corporation shall be dissatisfied
with the assessment made or action
taken by the Commission, such party
may file a netition setting forth inc
cause Of objection to such assessment
or action of the Commission or &c
either or both in Court of compe
tent jurisdiction, at the domicile OF
the Commission, against said Com
mission as defendant. Either part!
NAV appeal to the Supreme Court o.
, the state without regard to the
amount involved; such appeals TO o.
returnable within ten days after tn
,, date that the decision Of the lowe
Court becomes final. All such cases
10Th IN the trial and appellate court
shall be tried summary and by pre-
ference over all other cases., Sucl
. cases may be tried in the court Q
l the first instance either in chamber
or at term time.
y II. No bond shall be required Q
said Commission in any case in an
:, court. nor shall advance costs or sc
curity for costs, be, required OF 1t.
/ -. It shall be the duty of the Al
torney General, and the various DIS
trict attorneys, on proper request q
= direction by the Commission or tn
= Governor. to aid the said Commlsslo
: in all legal matters, and to prescott
and defend all cases in accordanc
= with such requests and directions.
9 failure on the part of such law Off
: GERS, when so requested or direc'
: ed to perform the duties here III
~ - posed upon them, shall constitute mi
- feasance in office.
81 Article vi.
/. After January LIST, 1914, all a
h sessments for all State purposes, e.
o cept as hereinafter provided, sha
J. be completed on or before April II
:. in each year, and the taxes shall b.
i. come due and payable on the fira
d Monday in June of each year, an
? shall become delinquent on the firt
|. Monday in September in each yea
Is Each parish and municipality sna
n have the right to fix the date L
'. the completion Of it's local asses
e ments. and the payment Of It's doc
Is taxes and licenses general and spe
d ial, until otherwise prescribed by tt
n General Assembly. Until otherWil
i, provided, existing laws on these su
Df jects shall be operative. Levee d.
(. trict taxes and forced contribution
t. exclusive of produce taxes, shall
IN assessed and become delinquent c
is incidentally with parish taxes.
ls 2. Public service corporations sha
u be assessed on their physical prope
o. ty and on their franchises separated
;e but the General Assembly shall ha,
o. power to direct the Tax C0mmisslt
" to assess the property of such corr
IL! l,rations at a valuation including DO
e. physical property and franchises,
ss be determined by gross receipts,
ed by dividends on stocks and intere
IN paid on bonded debt, or by any 9th
d. available method.
n. 8. Incorporated banks shall be 9
y, sessed by assessing the stockholde
~ ~ on the book value Of the stock, j.
- capital stock, surplus and undivid
- profits less the assessed value OF Y
"a a estate locally assessed and take
=: - and less such further deductions
~. not less than five per cent on thu
" loans and discounts to cover b
debts and unearned interest as I
General Assembly may prescri)
which deduction shall be made OF
or from their surplus and undivided p
a fits; all taxes. to be paid by
of banks and charged to the stockho
lot ers.
I'd 4. Individual bankers, banking fir
tie and unincorporated banking assoc
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