The Era-leader. [volume] (Franklinton, La.) 1910-current, 1912-09-19


rave,ing pxnenses, not exceeding a
maximum amount to be fixed from
,ime to time by the General Assem-
liz. en- tented account Of when
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 untl 'he
expiration of his term OF ONCE, anu
thereafter the Commission snail St
lect it's own chairman.
6 The Commission and the lndlVd'
nal members thereof shall perform
such duties in respect to assesshen'
and taxation as are herein prescrlD-
cd and such other and further du,
tics as the General Assembly MD!
from time to time prescribe.
z The General Assembly shall pro-
vide said Commission win an aue
quate clerical force.
8. The Commission snail nave po"
or to adopt and enforce such REASON
ab1le rules, regulations and modes
Of procedure, not inconsistent WIN
law AS it may deem proper lor 'ue
discharge of it's duties, and to near
ond determine complaints that may De
made against assessments, and o.1el
~ ne acts required or authorized by
law.
The Commission shall have pow
or 10 summon and compel the az
tendance of witnesses, TO swear VIII
nesses. and to compel the produc.llo"
If hooks and papers, to take testmo.
nv under commission, and to pui!sl,
for contempt, as fully as is PROVIDED
hv law for the district courts: lne
| General Assembly may PROVIDE ON.
or penalties for violating the orders
of the Commission.
! TO- If any person, firm, association
or corporation shall be dlssatlslleo
: with the assessment made or ACTON
taken by the Commission, such parry
NAV file a netition setting forth 'he
cause of objection to such assessment
:. or action of the Commission OF Y. ~
( either or both in Court OF coupe e,
, tent jurisdiction, at the domiclle OF
, the Commission, against said CON
, mission as defendant. Either parry
NAV appeal to the Supreme Court o.
tho state without regard to the
amount involved; such appeals 70 W
!, returnable within ten days atter tn'
. date that the decision OF inc loM os
Court becomes final. All such cases
10Th in the trial and appellate court
shall be tried summarily and oy pre-
ference over all other cases. Sucl
9 cases may be tried in the court y
4 the first instance either in chamDef
> or at term time.
!. H. No bond shall be required Q
' said Commission in any case IN oil
;, court. nor shall advance costs or sc
y curity for costs, be required OF IT,
h y, It shall be the duty of the A. a!
torney General, and the various OH
trict attorneys, on proper request
{ direction by the Commission or IN
Governor. to aid the said Commlsslo
in all legal matters, and to prosecut
and defend all cases in accoroanc
with such requests and directions.
g failure on the part of such law OIL
. GERS. when so requested or dlrec
', Cd tn perform the duties here IN
~ posed upon them, shall constl'ute Ill
- feasance in office.
e Article vi.
After January LIST, 1914, all
h sessments for all State purposes, e
- cent "a hereinafter provided, shs
= ha completed on or before April
.. IN each wear. and the taxes shau .
b. come due and payable on the II.
ID Monday in June Of each year. :. ~
, shall become delinquent on the til
II. MONDAY in September, in each yea
"a Each parish and municipality sh;
or have the right to fix the date I
". the completion of its local asses
ve ments. and the payment of Its lot
lis taxes and licenses general an1 a. a.
nd ial. until otherwise prescribed Dyvt
,or General Assembly. Until otherw
I'd, provided, existing laws on these s,
Of iects shall be operative. Levee
OK trict taxes and forced contrlDutio
lrt. exclusive of produce taxes, shall
in assessed and become delinquent
tits incidentally with parish taxes.
JUS 2 Public service corporations 81
lol- he assessed on their physical prof.
do. ty and on their franchises separate
ave but the General Assembly shall nj
mn. nower to direct the Tax Commiss
hor to assess the property of such col
hail rations at valuation 1ncluulis
me. physical property and franchises
.oss be determined by gross receipts
ded nv dividends on stocks and lntel
han Maid on bonded debt, or by any o.
yid. available method
un- 8 Incorporated banks shall be
OF sessed by assessing the stockhol'
lsea on the book value of the stock, /
nan capital stock. surplus and undiv
pen: nrofits less the assessed value OF
II estate locally assessed ana I'd
ense and less such further deductlon'
illlt' not less than five per cent on I
lec' loans and discounts to cover
debts and unearned interest as
General Assembly may presc
which deduction shall be made
, for from their surplus and undivided
by a fits: all taxes to be paid by
d of hanks and charged to the stock
not ers.
'oard 4 Individual bankers, banking
State and unincorporated banking ass
s~ns& 10