The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1912-09-14
surplus and undivided profits.

6. Insurance, bonding and surety
companies. and persons, firms and as
sociatin-e engaged in the insurance,
bondsEs .~s~. surety business, eXclud-
ing, however, fraternal insurance COM
panies and associations, shall be tax
ed on a percentage of their gross
premiums received upon their bus
mess done in this State, less return
premiums and reinsurance in compa-
MES or associations authorized to Go
business in this State. The percent
age aforesaid shall not exceed three
per cent for all branches of insur-
ance, bonding and surety business,
except life and industrial insurance
and shall not exceed two per cent
for life and industrial insurance. The
special taxes to support the office OF
fire marshal and fire prevention bH-
reaus shall not be deducted from the
premiums hereby authorized to be
; taxed. When by the laws of any 9TH
| er state or country any taxes, fines,
: penalties, licenses, fees, deposits OF
money or of securities, or other obi
e cations or prohibitions are imposed
r On insurance, bonding or surety com
Z Ipanies OF this State doing business
il such other state or country, or up
=. on their agents therein in excess OF
; such taxes, penalties, fees, licenses,
; deposits Of money, or Of securities,
4 Or other obligations or prohibitions
= Imposed upon such insurance, bond
d ing or surety companies OF such 9th
| er State or country, so long as such
h
/ legations and prohibitions Of Whatso-
: lever kind may be imposed by the
General Assembly of this State upon
, insurance, bonding or surety compa-
:, mics of such other state or country
doing business in this State.
4 Z. Irrigation canals shall be taxed
V lon percentage not to exceed two
. per cent of their gross receipts, only
such real estate and the buildings
II and structures thereon, rights of way,
o machinery, tools and implements as
,. are necessary to the operation of
I any canal shall be included in and
/ covered by this tax on gross receipts.
y All other real estate and personal
i property of the owner of any canal
e shall be locally assessed and taxed.
g s. All sugar refineries, rice mills,
!. cotton seed oil mills, cotton seed oil
= refneres and refineries Of petroleum
: and it's products shall be assessed on
: the fair market valuation.
h 8 Until otherwise provided by the
If Geleral Assembly by vote of two
s Thirds Of the members elected to
eah house, all operating mines OF
e sulphur, salt or other minerals, all oil
:, or gas wells, all stone quarries, sand,
, gravel and shell pits shall be taxed
upon a percentage OF the gross value
of the product at the mouth Ct the
I mile, well, quarry or pit. This per-
$ cerage shall not exceed five per
)r celt for sulphur; three per cent for
e sal; two and one-half per cent for
Il oil and gas, and two per cent for
e ro0 and other minerals, inclusive Of
e gravel, sand and shells This tax
A shall not apply to the product Of any
!. miles, quarries or pits or oil or gas
: wells, where the owner, other than
= pulic service corporations, uses the
- sane for his personal purposes and
dos not sell the same or its pro-
duts or manufacture the same into
anther product for sale. Where gray
S. el,sand or shells are taken from the
K bes of public waters, orfrom shores
IL moi subject to private ownership, the
st Geleral Assembly may levy special
e taes per cubic yard Of material TAX
st enbut and may levy different spec
I'd ial tax for each of said objects of
st taation. The Government of the
r. United States for any purposes, and
IL cotractors engaged in the construc-
Or It'd Of any public work for the State
s. orf for the United States solely for
al the purposes of such public work are
G. authorized to take free from taxation
le grSel shell or sand from the beds
Sc of public waters and the public shores
b. ofthe State. Every citizen of the
IS Site shall have similar right to
S, tab such materials for his own rer-
be sohl use free from taxation, unless
O thg are taken for sale. All real
an personal property of the owners
III ofiuch mines, wells, quarries and pits
r. exept machinery, tools and imple-
y, mats absolutely essential to the o.
We ertion of any mine, oil or gas we'll.
IN stae quarry, sand, gravel or shell
O. pill and except the products them
tn sefes while in the hands of the pro-
to duer, shall be locally assessed and
OF tatd.
St b. All real and personal props rty
er reerved for local taxation shall be
ASSESSED at such percentage not 20
IS eHed 100 per cent Of its fair mar
rs Ike value as each local governing
> a,tority may establish, and lower
ed peentage may be established for
al pkonaI than for real property or
d. foIthe values Of improvements than
of foIland values.
sir |. In all assessments of real prop
ad err whether for local or for State
he plposes, the value Of the land shall
De, bhssessed separately from the value
lily ofthe improvements; but railroad,
TO- pih line and canal rights of way,
he whther held in fee or under easz-
ID INIT, may be assessed separately
fir BE-, or together with, the improve