The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1912-09-28

time to LlIue Dy the Geuerdl AeSeAi
= 81 aa tented account Of which
.-7-T1fI al r-fen6cred 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, and
thereafter the Commission shall Sc
| leCt It's own chairman.
6. The Commission and the individ
ual members thereof shall perform
such duties in respect to assessment
and taxation as are herein preScrib-
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.
8. The Commission shall have pow
er to adopt and enforce such reason
able rules, regulations and modes
or procedure, not inconsistent with
law, as it may deem proper for the
discharge Of its duties, and to hear
and determine complaints that may be
made against assessments, and other
OF its acts, required or authorized by
law.
9. The Commission shall have pow
er TO summon and compel the at
| tendance of witnesses, to swear wit
nesses, and to compel the production
OF books and papers, to take testimo-
ny under commission, and to punish
for contempt. as fully as is provided
| by law for the district courts. The
| General Assembly may provide 9TH
er penalties for violating the orders
of the Commission.
TO- 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 petition setting forth the
cause of objection to such assessment
or action of the Commission or to
either or both in a Court Of compe-
tent jurisdiction, at the domicile Of
the Commission, against said Com
mission as defendant. Either party
may appeal to the Supreme Court of
the State without regard to the
amount involved; 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 appellate court,
shall be tried summarily and by pre-
ference 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 Sc
curity for costs, be required of it.
u. 1t shall be the duty Of the At
torney General, and the various dis
trict attorneys, on proper request or
direction by the Commission or the
Governor, to aid the said Commission
in all legal matters, and to prosecute
and defend all cases in accordance
with such requests and directions. A
failure on the part of such law Off
GERS, when SO requested or direct
ed to perform the duties here I'M
posed upon them, shall constitute mis- |
feasance in office.
Article vi.
/. After January 1st, 1914, all as
for all State purposes, ex-
cept as hereinafter provided, shall
be completed on or before April LIST
in each year, and the taxes shall be-
come due anu payable on the first
Monday in June of each year, and
shall become delinquent on the first
Monday I'm September in each year.
Each parish and municipality shall
nave the right to fix the date for
he completion of its local assess
nents, and the payment of its local
axes and licenses general and spec
al until otherwise prescribed by the
General Assembly. Until otherwise
provided, existing laws on these sub
ects shall be operative. Levee dis
riot taxes and forced contributions,
EXCLUSIVE of produce taxes, shall be
and become delinquent CO.
Incidentally with parish taxes.
2 Public service corporations shall
e assessed on their physical proper
Y and on their franchises separately, !
ut the General Assembly shall have {
over to direct the Tax Commission
D assess the property of such corpo- !
atoms at valuation including both |
hysical property and franchises, to {
e determined by gross receipts, or {
Y dividends on stocks and interest
aid on bonded debt, or by any other :
method :
8. Incorporated banks shall be as 6
sssed by assessing the stockholders
u the book value of the stock, i. e.,
apital stock, surplus and undivided I
rofits less the assessed value of real +
state locally assessed and taxed, f
nd less such further deductions of f
OF less than five per cent on their
,ans and discounts to cover bad G
ebts and unearned interest as the p
eneral Assembly may prescribe, b
'hich deduction shall be made only q
ON their surplus and undivided pro- p
is; all taxes to be paid by the v
anks and charged to the .stockhoM n
IS. A&rM f
4. Individual bankers. yn&khg firms n
nd uni1 Incorporated T. aleocia- II
ons, domiciled in Tiny ate, Sshall
assessed on the amouf6 Of capital, g
lrplus and undivided profits actual e
employed in their business, less O
lie assessed value of real estate To- D
iuy assessed and taxed, actually a