The Natchitoches enterprise., 1912-10-31

The Commission shall maintain an
lice and have its domicile at Baton
-puge, and the members shall reside IN
-ston Rouge and devote their time ex-
clusively to the discharge of their du-
ties.
T. They shall each receive a salary Of
Five Thousand Dollars per annum. be-
ginning January l, 1914, and their trav-
cling expenses, not exceeding a maximum
amount to be fixed from time to time BY
the General Assembly, an itemiZed ac-
count of which shall be rendered in an
annual report.
5. The chairman of the first Commits
sion shall be named by the appointing
Board and serve until the expiration OF
his term of Office, and thereafter the
Commission shall select its own chair
man.
6. The Commission and the individual
members thereof shall perform such au-
ton as are herein prescribed, and sucn
other and further duties as the General
Assembly >may from time to time pre-
scribe.
Z. The General Assembly shall pro-
vide said Commission with an adequate
clerical force
g. The Commission shall have power to
adopt and enforce such reasonable ruleS,
regulations and modes of procedure, not
inconsistent with law, as 1t may deem
proper for the discharge Of its duties, ana
to hear and determine complaints that
may be made against assessments, ana
by law.
g. The Commission shall have power
to summon and compel the ATTENDANCE
of witnesses, to swear witnesses, and to
compel the production of books and pa
pers, to take testimony under commits
sion, and to punish for contempt as fully
as is provided by law for the district
courts The General Assembly may pre-
ders 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 q petit
ton setting forth the cause Of obJec-
ton I'd such assessment or action OF the
Commission or to either or beth In
court of competent jurisdiction, at the
domicie Of the Commission, against said
Commission as defendant. Either party
may appeal to the Supreme Court OF the
State without regard to the amount IN
volved; such appeals to be returnable
within ten days after the date that the
decision Of the lower court becomes final
All such cases, both in the trial and ap-
pelIate court, shall be tried sumnarily,
and by preference over all other cases:
Such cases may be tried In the court OF
the first instance either In chambers or
at term time.
II. No bond shall be required of said
Commission in any case In any court,
nor shall advance costs, or security for
costs, be required of It.
IL. 1t shall be the duty of the Attorney
General. and the various district attor-
neys, on proper request or direction by
the Commission of the Governor, to aid
the said Commission in all legal matters,
and to prosecute and defend all cases In
accordance with such requests and direc-
lions. A failure on the part of such law
officers when so requested or directed to
perform the duties here imposed upon
them, shall constitute misfeasance in
office.
Article vi.
I. After January LIST. 1914, ali assess
ments for all State purposes. except as
hereinafter provided, shall be completed
the taxes shall become due and payable
on the first Monday in June of each year,
and shall become delinquent on the first
Monday in September in each year. Each
parish and municipality shall have the
/ right TO nix the date for the completion
of its local assessments, and the payment
| of it's local taxes and licenses, general
and special, until otherwise prescribed by
| the General Assembly. Until otherwise
provided, existing laws on these subjects
shall be operative Levee district taxes
and forced contributions, exclusive OF
| produce taxes, shall be assessed and be-
! come delinquent coincidentally with par
| ish taxes.
| 2 Public service corporations shall be
assessed on their physical property and
on their franchises separately, but the
General Assembly shall have power to di-
rect the Tax Commission to assess the
property of such corporations at a va1ua-
ton including both physical PROPERTY and
| franchises, to be determined by gross re.
| ceipts, or by dividends on stocks and in
| terest paid on bonded debt, or by any
| other available method.
! 8. Incorporated banks shall be assessed
by assessing the stockholders in the bool
surplus and undivided profits less the as
sessed value of real estate locally as
sessed and taxed, and less such furthe
deductions of not less than five per cen
1,ns-, la Il r1Yatr 20 q
debts and unearned interest as the Gen
eral Assembly may prescribe, which de
duction shall be made only from thef
surplus and undivided profits; all take
to be paid by the banks and charged t
the stockholders.
4. Individual bankers, banking firm
and unincorporated banking associations
domiciled in this State, shall be assesses
undivided profits actually employed Il
their business, less the assessed value Q
real estete locally assessed and taxed
actually and exclusively used and EN-
further deductions not less than five pc
cent on their loans and discounts I
cover bad debts and unearned interest a
the General Assembly may prescribe
which deduction shall be made only fror
their surplus and undivided profits.
S. Foreign banks and individual bank
, ers, banking firms and unincorporate
banking associations, domicied out of tn
State but doing business in this State
shall be assessed on such proportion c
, their capital, surplus and undivide
, profits as is actually employed In thi
State less the assessed value of real es
, tate locally assessed and taxed, actual
and exclusively used and employed !
! their business in this State, and les
, such further deductions, not less tina
! | five per cent on their loans and dis
counts. to cover had debts and unearr
| ed interest as the General kssen'hl
, may prescribe, which deductions sha
be made only from their surplus ana III
divided profits.
G. Insurance, bonding and surety com
! panies, and persons, firms and assocta
: tions engaged in the insurance, bondin
and surety business, excluding howeVe
l fraternal insurance companies and assc
Citations shall be taxed on percentas
= of their gross premiums received upo
v their business done in this State. les
5 return premiums and reinsurance In CON
a panies or associations authorized to d
business in this State. The percentas
\ aforesaid shall not exceed three per cef
: for all branches of insurance, bOndin
! and surety business, except life an
e Industrial insurance and shall not 81
3 coed two per cent for life and industri
) insurance. The special taxes to suppo
the office of fire marshal and fire pre-
U vention bureaus shall not be deducte
e from the premiums hereby authorized,
i he taxed. When by the laws of any oth'
v State or country. any taxes, fines, pei
i alties. licenses, fees, deposits of none
Il
: prohibitions are imposed on insuranc
, bonding or surety companies of this sta
= doing business in such other State
E country, or upon their agents therein
excess of such taxes, penalties, fees, ]
n censes, deposits of money, or of secur
o ties or other obligations or prohibition
= imposed upon such insurance, bondir
e or surety companies Of such other sta
a | or country so long as such laws continl
= in force the same obligations and prob
: billions of whatsoever kind may be In
a posed by the General Assembly of tn
c | State upon insurance, bonding or sure
= companies of such other State or countl
a | doing business in this State.
: 7. Irrigation canals shall be taxed {
: a percentage not to exceed two per Gel
= | of their gross receipts only such real e
y tntn and the hnildings and structur