Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1912-09-13

lay after the first Monday In November |
piration OF their respective terms
g. The Commission shall maintain an /
office and have its domiciie at Baton
Rouge. and the members shall reside in
BATON Rouge and devote their time ex-
clusively to the discharge OF their du-
ties.
Five Thousand Dollars per annum. be-
ginning January i, 1914. and their trav-
cling expenses. not exceeding maximum |
amount to be fixed from time to time Dy
count of which shall be rendered In an |
annual report.
s. 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 du-
ties in respect to assessment and taxa
ton as are herein prescribed, and sucn
other and further duties as the General
Assembly may from time to time pre-
scribe.
T. The General Assembly shall pro-
vide said Commission with an adequate
clerical force.
s. The Commission shall have power TO
adopt and enforce such reasonable rules,
regulations and modes OF procedure, not
| inconsistent with law, as It may deem
proper for the discharge Of its duties, ana
! to hear and determine complaints that
may be made against assessments, ano
other Of its acts required or authorized
9. The Commission shall have power
/ to summon and compel the attendance
Of witnesses, to swear witnesses, and 70
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 pro-
vide other penalties for violating the or
| ders Of the Commission.
10. II any person, firm, association or
corporation shall be dissatisfied with tn . me
Commission, such party may nle petit
ton setting forth the cause OF obJec-
ton to such assessment or action Of the
Commission or to either or both In
court Of competent Jurisdiction, at the
domicfle Of the Commission, against said
Commission as defendant Either party
State Without regard reg to the amount in
volved; such appeals to be returnaDie
within ten days after the date that the
decision of the lower court becomes hnaL
All such cases, both in the trial/and APP
pellate court, shall be tried summarily.
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.
IL. No bond shall be required OF said
Commission in any case In any court,
nor shall advance costs, or security for
1
IL. II 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.
D 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 50 requested or directed "a
. perform the duties here imposed upon
them, shall constitute misfeasance In
) office.
1. After January LIST. 1914. an assess
: ments for all State purposes, except a,
\ hereinafter provided. shall be completed
on OF before April LIST In each year. and
E on the first Monday In June OF each year
A and shall become delinquent on the frs
!. Monday in September in each year. Eacl
J, Parish and municipality shall have IN
' Of its local assessments, and the paymen
8 of its local taxes and licenses, genera
and special. until otherwise prescribed b,
y the General Assembly. Until otherwise
!. provided, existing laws on these subject
4 shall be operative. Levee district take
n and forced contributions, exclusive o
e produce taxes. shall be assessed and be
n come delinquent coincidentaliy with par
n ish taxes.
: 2. Public service corporations shall b
; assessed on their physical property an
" on their franchises separately but tn
,e General Assembly shall have power to di
N rect the Tax Commission to assess tn
J. property Of such corporations at a valua
N ton including both physical property an
T. franchises, to be determined by gross re
l. ceipts, or by dividends on stocks and In
IN terest paid on bonded debt, or by an
l. other available method.
s. 3. Incorporated banks shall be assesse
4 by assessing the stockholders in the boo
,e value OF the stock. 1. e., capital stool
er surplus and undivided profits less the az
y. sessed value OF real estate locally s a. q,
e. deductions CT not less than five per cei
r on their loans and discounts to cover ba
5y debts and unearned interest az the Ger
Id duction shall be made only from the
X surplus and undivided profits; all tax
er to be paid by the banks and charged
r. the stockholders.
=, Individual bankers, banking firm
IN and unincorporated banking association
nj domiciled In this State, shall be assess'
~ on the amount Of capital, surplus al
to undivided profits actually employed
their business, less the assessed value
n real estate locally assessed and take
H. actually and exclusively used and en-
re Iployed in their business, and less SUI
he lfurther deductions not less than five p
RS cent on their loans and discounts
u cover bad debts and unearned interest
the General Assembly may present.
70 which deduction shall be made only fro
H. their surplus and undivided profits
e. s. Foreign banks and individual ban
he ers, banking firms and unincorporat
"a banking associations. domiciled out Of {
ar state but doing business in this Sta
a. shall be assessed on such proportion
sc | their capital, surplus and undivid
ire profits as Is actually employed In Il
or State. less the assessed value of real Z
1in tate locally assessed and taxed, actua
and exclusively used and employed
he their business in this State, and lie
rds such further deductions, not less tn
Use five per cent on their loans and d
counts, to cover bad debts and unear
ed interest as the General Assent
i've may prescribe. which deductions shl
err be made only from their surplus and u
or divided profits.
"a G insurance. bonding and surety col
ain panies and persons, firms and assoc
ose lions engaged in the insurance. bondi
GU and surety business, excluding howev
hin frsternal insurance companies ana as
Citations, shall be taxed on percents
m Of their gross premiums received VI
evv their business done IN this State. i
ons return premiums and reinsurance in CO
the panies or associations authorized TO
go business IN this State. The percents
1ch aforesaid shall not exceed three per c.
nc for all branches Of insurance, bond
1aIl and surety business, except life q
ate Industrial insurance and shall not
to coed two per cent for life and industi
the ONCE of frs marshal and fire p
nay vention bureaus shall not be deduc
the from the premiums hereby authorized
and be taxed. When by the laws OF any OF
IItv State or country any taxes. fines d
All allies licenses, fees, deposits of moi
red or Of securities. or other obligations
ex- prohibitions are imposed on insurar
ms bonding or surety companies OF this st
, or doing business in such other State
me country, or upon their agents therein
IN censes, deposits OF money, OF Of sect
ing ties, or other obligations or prohibit
So Imposed upon such insurance, bond
the or surety companies Of sucn other st