The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1912-10-26

EXTRA SESSION 1912

EXTRA SESSION 1912
ACT no. 4.
Senate Bill No. 2. BY Mr.. Yoegtle.
| Joint resolution submitting to the
people of the State of Louisiana an
| amendment to the Constitution au-
| thorizing parishes and self-taxing NIX
| inequalities to exempt new industrial
enterprises and also improved value
/ inclusive Of structures added to unln-
proved lands by immigrants into me
| State, who occupy said lands as nome,
steads from local taxation for perlod
/ not exceeding ten (1o) years
| Section 1. Be it resolved by the
General Assembly Of the State of Lou
| isiana, two-thirds Of all the members
elected to each house coneurrlng, lhae
| the following amendment TO the Con
| stitution of the State of Louisiana pc
and the same is hereby submitted to
/ the qualified electors Of the State at
the congressional election to be held
on the first Tuesday after the farss
/ Monday in the month OF November Oh
the year 1912, to-wit:
! Every parish and self-taxing NUM-
1 cipality shall have the right to exempt
new industrial enterprises and also the
improved value added to unimproved
i lands, including all structures thereon,
by immigrants into the State VINO oc-
cupy said lands as homesteads, FROM 10
4 cal taxes for period not to exceed ten
Il (10) years by the vote of two-thlrds IN
number OF all it's taxpayers, VINO are
qualified electors, including. resident
women taxpayers holding az iea Isl 5 w.
thirds of the property subject to Local.
| taxation within the taxing locality at a
special election called for that purpose,
at which special election members OF
partnerships, associations and helrs OF
estates, otherwise qualified, shall oe
, entitled to vote their respective pro rata
of the assessed valuation OF SAID par par
nerships, associations or estates. fael
: enterprise so exempted must be sltuat'
5 ed within the limits of the exemptlns
. authority and be established after the
: exemption is granted.
Section 2 Be sb it further ht nrn res1Ve %
the ballot to be used at said q. eleetl TIC
g amendment authorizing parishes ane
e self taxing municipalities to exempt new
: Industrial enterprises and also improv
9 | ed value, inclusive of structures, audee
: to unimproved lands by 1mm1gran N
e into the State who occupy SAID iana
i, as homesteads, from local taxes Tor ;, !;
{ period not to exceed ten G0) years. an
j AGAINST the constitutional amendmen
K authorizing parishes and self-tax1ns
( enterprises and also improved value
n including structures, added TO unlIl
t proved lands by immigrants into TN
r State who occupy said LANDS as hoIi ia
l.
not to exceed ten (10) years and eac
), alector shall indicate on his ballot
g provided by the general election laws 9
s the State whether ne votes loi
e against the said amendment.
j. THOMAS C. BARRETT,
e Lieutenant Governor and president
: the Senate. rro,,.e
j, Speaker Of the House Of Representative!
~ app ~ L. E. HALL.
d Governor Of e state of Louisiana
ID A true copy: mai
!: Ay'S s. : y. ZEE = State.
n ACT no. 9.
= Senate Bill No. 3. BY Mr.. Sur a
le Joint resolution submitting to II
le / people Of Louisiana an amendrnen
ton for twenty "a ears 4 corporation
ID. i orgafiized 10 lend money q, inert s.
on country property at not n ore tf &
Of six per cent inserese, ne. e ba1 -,
and securities Of local taxing district
Section T. Be it resolved by the Ge
a. eral Assembly of the State Of Loulsiah
two-thirds Of alb the members elected
each house cond ,rring, That the follo1
ing amendment E,so the Constitution
the State OF LoRsssiana be and the san
hereby s ths 20 at the the e congre
sional election to be held on the fir
Tuesday after the first Monday IN t
month Of November. Of the year 1917
wit:
tate of every corporation hereafter
II ganized in this State for the sole pl
pose of lending money on mortgages
country property situated in louisa
at a rate Of interest not to exceed
(6) per cent net to the. borrower, WI
power to negotiate and handle Don
and securities issued by the various pS
4 | districts
ties of the State of Louisiana sh
be exempt from taxation for twenty g
years from the date Of the organiza 4
Of each Of said companies, provided U
each Of said companies shall have I
maid cash capital stock Of not less IN
$3.50. 100000, and provided further II
any loan charge the borrower more II
six per cent interest, whether by way
commission. discount or otherwise,
shall forfeit the entire exemption he
in granted, and be subject to taxat
from the time it makes such loan;
any such corporation handling or
i, gotiating any SECURITIES other than tn
hereinabove mentioned shall incur q
Nd such corporation shall have poy
to receive any money on deposit or
do a banking business Of any sort,
all such corporations shall be un
the control and supervision Of the St
Bank Examiner. whose duty II shall
to report to the Attorney General
IA Ill the State Tax COMMISSION dHy ~
ton of the condition OF this exempt
Section o. Be 1t further resolved,
THAT there shall be printed in
ballots to be used at said election
words TOR the amendment to the
stitutions exempting from taxation
twenty (20) years corporations orga1
ed for the sole purpose of lending mo
On country real estate situated in I
isiana at not more than six (6)
cent to the borrower, with power to
gotiate and handle local securities,
the words against the amendment
the Constitution exempting from ta
ton for twenty (20) years corporal Il
organized for the sole purpose of L
ing money on country real estate sit
ed in Louisiana at not more than
(6) per- cent net to the borrower, =
power to negotiate and handle y
III Securities" and each elector shali
fidicate on his ballot. as provided by
general election laws of the st
whether he votes for or against the
amendment.
Lieutenant Governor and President
the Senate. a,r.
Speaker of the House Of Representa-
4 IN