The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1912-10-19


vided in the general election laws OF
the State whether he votes for or
against the proposed amendment
THOMAS c. BARRET.
L. e. THOMAS.
Speaker of the House of Represen-
Approved: August cath. 1912
Governor of the State of Louisiana
ALVIN f. HEBERT.
Secretary of State
ACT NO. IL.
Senate Bill No 8. BY Mr.. yoegtle
ment to the Constitution of the State
of Louisiana exempting from taxation
the legal reserve of life insurance COM
ranies organized under the laws OF this
State.
Section J. Pc it resolved by the
General Assembly Of che State of Lou
isiana. two-thirds of all the members
elected to each house concurring. That
the following amendment tn the Con-
stitution of the State be submitted to
the qualified electors of the State FOR
their ADOPTION or rejection at the con-
Fressional election IT, he 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
Section 2. Be II further resolved.
ETC., That the official ballot to be used
at said election shall have printed
amendment to the Constitution of the
State of Louisiana exempting from all
taxation the legal reserve of life IN
surance companies organized under the
h <rIr~
Against the proposed amendment to the
Constitution of the state OF Louisiana
exemptirg from taxation the legal re-
serve of life insurance comranies or
ganized under the laws of this State"
And each elector shaft indicate as pro-
vided by the general election laws OF
the State. whether ne votes for or
against the proposed amendment
THOMAS c. BARRFT.
Lieutenant Governor and President
- '"e " L. 4. THOMAS.
Speaker of the House of Represen-
Approved: August oath. 1912
" L. f. HALL,
Governor of the State of Louisiana
a = W w ALVIN z. HEBERT.
Secretary Of State.
ACT No ~.
House Bill No. 2. BY Mr.. Roberts
Joint resolution submitting to the peo-
pie of Louisiana an amendment to the
Constitute n reorganiZing and remodeling
the State's system Of assessment and tax
alton.
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 he and the same
IS hereby subg,itted to the qualified li elec c
election to be held on the first Tuesday
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 subdivis-
ions for public purposes only
2. The taxing power shall never be
surrendered. suspended. given, commu-
ishes or municipal corporations shall
grant exemptions from parish or NUM-
cipal taxes for a period not to exceed ten
courage the establishment OF Industrial
enterprises, or a similar exemption TO Inn
migrants Of the value added by them to
vacant property owned and occurfed as a
homestead, such exemptions shall not be
withdrawn either as to enterprises es-
tabiished 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,
since the granting of the exemption. The
General Assembly on behalf Of the State,
and the governing authorities Of all sub
fdivisiors of the strte on behalf of s,ich
subdivision, may defer for not more than
/ three years the collection OF taxes in To-
calities subjected TO overflow or other
public calamity.
g. The General Assembly shall have
power to classify all property for taxa
ton, and to adopt different rules and
rates for different classes, but snch rules
and rates shall be equal and uniform on
all subjects OF the same class throughout
the territorial limits of the authority
levying the tax. All such classifaations
shall be based on the characteristics of
the property itself or Ms use. and never
on persons or ownership.
e. Except In case of foreign invasion
or domestic revolution. the General As
sembly shall not have power to levy
any ad va'orem prorerty tax IN excess of
four per cent: but the General Assembly
shall not exceed the rate Of two and one
half per cent excent by vote OF two
thirds az all the members elected to each
house thereof.
!. The sources of State ard local rev.
enue shall be segregated and, except as
hereinafter srecifed. or as may be here
after permitted by vote OF two-fhi-ds
Of the General Assembly each taxing
authority shall he restricted In tayation
tn ifr ~-vn sources Of revenue as herein
assigned.
= tnIli ntDerWiSe rrcFfded hv p vnfe
NJ tvs-tn'rds OF all the members elected
tn each House Of the General Assembly.
the. following shall be the sources Of
State revenue:
,<f. The special taxes hereinafter pro-
vise1 Cor.
End. All corporations. private persons
and unfncorpcrafed associations that on
e-ate any railroad fai'ing under the jurfs-
dicficn of the Raiirnad Commission Of
louisiana: street railroad: combined
street railroad and electric light and
plant mot Inclusive Of cold storage
plant); telephone line: telegraph line
whether wireless or otherwise: express
tine. dining car. sleeping car. oil car. re-
pose operating upon railroads 10 fhis