The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1912-11-02


tuition of the State of Louisiana exempt
ing from taxation for ten f10) years
from the date of completion certain
new canals for irrigation. navigation
within five Isl 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. BARRETT.
Lieutenant Governor and President
- 'e L. e. THOMAS.
Speaker OF the House of Represen-
Approved: August oath. 1912.
l.. f. HALL.
ALVIN f. HEBERT.
Secretary of State.
ACT no. IL.
Senate Bill No. 5. BY Mr.. Voegtle.
Joint resolution proposing an amend
ment to the Constitution of the State
the legal reserve Of life insurance COM
ranies organised under the laws OF this
State.
isiana. two-thirds Of all the members
elected to each house concurring, That
the following amendment to the Con-
stitution of the State be submitted to
their adoption or rejection at the con-
gressiona1 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.
etc, That the official ballot to be used
at said election shall have printed
thereon the words: For the proposed
amendment to the Constitution Of the
taxation the legal reserve Of life in
surance companies organized under the
laws of this State" and the words:
Against the proposed amendment to the
exempting from taxation the legal re-
serve Of life insurance companies or
ganized under the laws Of this State"
And each elector shall indicate as pro-
the State. whether ne votes for or
against the proposed amendment
THOMAS c. BARRET,
Lieutenant Governor and President
L. e. THOMAS.
Speaker of the House of Represen-
Approved: August s4th. / asl AA,1.
Governor of the State of Louisiana
ALVIN z. HEBERr.
Secretary of State
ACT No Y;
Joint resolution submitting to the peo-
pie Of Louisiana an amendment to the
Constitution reorganizing and remodeling
the States system of assessment and tax
alton.
; Section 1. Be II resolved by the Gen.
eral 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
Is hereby submitted to the qualified cleo
tors Of the State at the Congressional
after the first Monday in the month Of
November. in the year 1912, to-wit:
Article I.
l. The taxing power shall be exer-
cised by the State and by its subdivfs-
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 nuni-
cipal taxes for period not to exceed ten
years from date of completion to en-
courage the establishment Of industrial
enterprises. or similar exemption TO Inn
migrants Of the value added by them to
vacant property owned and occupied as a
homestead, such exemptions shall not be
tablished or substantially begun in good
faith, or to immigrants who have actu-
ally acquired and improved or In good
faith begun to improve their homesteads,
General al. Assembly on behalf Of the State.
and the governing authorities of all SUBJ
divisions of the State on behalf of ouch
subdivision, may defer for not more than
q 49, 49, l. L.
calities subjected to overflow or other
public calamity.
3. The General Assembly shall have
power to classify all property for taxa
ton, and to adopt different rules and
rates for different classes, but such rules
and rates shall be equal and uniform on
all subjects Of the same class throughout
the territorial limits Of the authority
shall be based on the characteristics Of
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 valorem property tax in excess OF
four per cent. but the General Assembly
shall not exceed the rate of two and one
thirds OF all the members elected to each
house thereof
!. 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 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:
list The special taxes hereinafter pro-
vided for.
End. All corporations, private persons
and unincorporated associations thar OPP
crate any railroad falling under the juris-
iiction of the Raflrosd Commission Of
Louisiana. street railroad; combined
street railroad and electric light and
power business: heating or refrigeration
plant (not inclusive Of cold storage