The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1912-09-07

ing from taxation for ten (10) years
from the date of completion certain
new canals for irrigation, navigation
within five (6) years with capital
of not less than five million dollars
And each elector shall indicate as pro-
vided in the general election laws of
the State whether he votes for or
against the proposed amendment.
THOMAS C. BARRET.
Lieutenant Governor and President
of the Senate
Speaker of the House of Represen-
tatives.
Approved: August oath, 1912.
L. E. HALL.
Governor of the State of Louisiana
ALVIN E. HEBERT.
Secretary Of State
ACT ne. IL.
Senate Bill No. 8. BY Mr.. Voegt1e.
Joint resolution proposing an amend
ment to the Constitution of the State
of Louisiana exempting from taxation
the legal reserve of life insurance com
panies organized under the laws of this
State
General Assembly of the State Of Lou
isiana, two-thirds of all the members
elected to each house concurring, That
the following amendment to the Con-
OF tine state De submitted TO
the qualified electors of the State for
their adoption or rejection at the con-
gressional election to be held on the
first Tuesday after the first Monday in
the month of November, 1912, as fol-
lows:
There shall be exempt from all tax
alton the legal reserve of life insurance
companies organized under the laws of
this State.
Section 2. Be it further resolved;
etc, That the official ballot to be used
at said election shall have printed
thereon the words: For the proposed
State Of Louisiana exempting from all
taxation the legal reserve of life in
surance companies organized under the
laws Of this State" and the words:
Constitution of the State Of Louisiana
exempting from taxation the legal re-
serve of life insurance companies or
ganized under the laws of this State
And each e1ector shall indicate as pro-
vided by the general election laws Of
the state. whether ne votes for Or
against the proposed amendment.
THOMAS C. BARRETT
Lieutenant Governor and President
- @ L. e. THOMAS.
Speaker of the House of Represen-
Approved: August oath, 1912.
Governor of the State of Louisiana.
ALVIN E. HEBERT.
Secretary of State.
House BIZ No. y J. NO s BY Mr.. Roberts.
Joint resolution submitting to the peo-
pie of Louisiana an amendment to the
Constitution reorganizing and remodel1ng
the States system Of assessment and tax
alton.
Section l. Be it resolved by the Cen
eraI Assembly of the State of Louisiana,
two-thirds Of all the members elected
to each House concurring, That the fol-
lowing amendment to the Constitution of
the State of Louisiana be and the same
tors of the State at the Congressional
election to be held on the first Tuesday
after the first Monday in the month Of
November, in the year 1912, to-wit:
cised by the State and by it's subdivis-
ions for public purposes only.
2. The taxing power shall never be
surrendered, suspended, given, commu-
ted or contracted away; but where par
ishes or municipal corporations shall
grant exemptions from parish or NUM-
cipal taxes for period not to exceed ten
years from date of completion to en-
courage the establishment of Industrial
enterprises or a similar exemption to i'm
migrants of the value added by them to
vacant property owned and occupied as a
homestead, such exemptions shall not be
withdrawn either as to enterprises es-
tabished or substantially begun in good
ally acquired and improved or in good
faith begun to improve their homesteads,
since the granting of the exemption. The
General Assembly on behalf of the State,
and the governing authorities of all sub
divisions of the State on behalf of such
subdivision, may defer for not more than
three years the collection of taxes in To-
calities subjected to overflow or other
public calamity.
8. The General Assembly shall have
power to classify all property for taxa
ton, and to adopt different rules and
rates al 19e ae II eassas put suen rules
all subjects Of the same class throughout
the territorial limits of the authority
ieevying the tax All such classihcations
the property itself or its use, and never
on persons or ownership.
4. Except in case Of foreign invasion
or domestic revolution. the General AS
sembly shall not have power to levy
any ad va1orem property tax in excess Of
four per cent; but the General Assembly
shall not exceed the rate of two and one
half per cent except by a vote of two
thirds of all the members elected to each
house thereof.
Article N.
l. The sources OF State and local rev.
enue shall be segregated and, except as
hereinafter specified, or as may be here
after permitted by a vote of two thirds
of all the members elected to each House
of the General Assembly, each taxing
authority shall be restricted in taxation
to its own sources of revenue as herein
assigned
2. Until otherwise provided by vote
of two-thirds Of all the members elected
to each House Of the General Assembly,
the following shall be the sources of
State revenue:
1st The special taxes hereinafter pro-
vided for.
end All cornorations nriva+a ,,araonn
and unincorporated associations that op-
crate any railroad falling under the jurts-
diction of the Railroad Commission Of
Louisiana; street railroad; combined
street railroad and electric light and
power business; heating or refrigeration
plant (11ot inclusive of cold srolaH
plant); telephone line: telegraph line,
Whether wireless or otherwise; express
4rtgerating car. or cars for any other pur-
pose operating upon railroad In thla