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

| GEARS win a capital OF not less than
five million dollars" and the words
Against the amendment TO the Constt-
| tuition of the State of Louisiana exempt
ing from taxation for ten (1o) years
| from the. date OF completion certain
new canals for irrigation. navigation
and power purposes to be completed
within five 90 years with capital
| of not less than five million dollars .
And each elector shall indicate as pro-
Yided in the. general election laws of
I the. State whether he votes for or
. against the proposed amendment.
THOMAS c. BARRETT,
Lieutenant Governor and President
| Of the Senate.
L. e. THOMAS,
Speaker Of the House of Represen-
Approved: August cath. 1912.
Governor OF the State Of Louisiana.
A true copy:
ALVIN e HEBERT,
Secretary of State.
ACT NO. IL.
Senate Bill No. s. BY Mr. voegtle
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
Section l. Be it resolved by the
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
the qualified electors Of the State for
their adoption or rejection at the con-
gressionaI 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
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
sexempting from taxation the legal re-
serve of life Insurance. companies or
ganized under the laws. of this State. e
And each elector shall indicate as pro-
the State, whether ne votes for or
against the proposed amendment
THOMAS G. BARRET,
Lieutenant Governor and President
L. &C. THOMAS,
Speaker. Of the House Of Represen-
tattves.
Approved: August 24th, i 1s1 a.1,
Governor of the State of Louisiana.
ALVIN E. HEBERT,
Secretary of State.
House Bill No. q BY Mr.. Roberts
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 l. Be it resolved by the Gen
eral Assembly Of the State of Louisiana,
two thirds OF all the members elected
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
election to be held on the first Tuesday
after the first Monday IN the month Of
November, in the year 1919, to-wit:
Article |.
l.. The taxing. power shall be exer-
cised by the State and by It's subdivis-
ions for public purposes only.
3. The taxing power shall never be
surrendered, suspended, given, comnlu-
ted or contracted away; but where par
ishes or municipal corporations shall
grant exemptions from parish or muni-
cfpa1 taxes for period not to exceed ten
years from date of completion to en-
courage the establishment Of Industrial
or a similar exemption to inn
of the value added by them to
vacant property owned and occupied as a
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 Assembly on behalf of the State,
and the governing authorities of all sub
divisions Of the State on behalf of such
may defer for not more than
three years the collection of taxes in lo-
,alfties subjected to overflow or other
public calamity.
8. The General Assembly shall have
power to. classify all property for taxa
ion, and to adopt different rules and [
,ates for different classes, but such rules
md rates shall be equal and uniform on
Ill subjects of the same class throughout
he territorial limits of the authority
ewing the tax. All such eIass1fications
shall be based on the characteristics of
he property itself or its use, and never
IN persons or ownership.
4. Except in case of foreign invasion
n domestic revolution, the General AS
enbly shall not have power to levy
my ad valorem property tax in excess OF
our per cent; but the General Assembly
hall not exceed tf1e, rate OF two and one
laH per cent except by a vote of two
birds Of all the members elected to each
louse thereof.
Article III. il
l. The sources of State and local rev.
nue. shall be segregated and, except as !
lereinafter specified, or as may be here {
fter permitted by a vote of two thirds {
f all the members elected to each House
f the General Assembly, each taxing *
uthorfty shall be RESTRICTED in taxation Il
o its own sources Of revenue as herein
ssigned.
2. Until otherwise provided by vote 6
t two-thirds Of ali the members elected t
) each House of the General Assembly, ]
he following shall be the sources of S
tate revenue: t
list. The special taxes hereinafter pro- s
ided for tT
End All corporations. private persons Z
nd unincorporated associations that OPP
rate any railroad falling under the juris- e
lotion OF the Railroad Commission Of q
oufsfana; street railroad: combined t
treet railroad and electric light and
over business; heating or refrigeration i
liant mot Inclusive of cold storage u
Iante telephone line: telegraph line, d
neither wireless or otherwise; express 6
ne, dining car, sleeping car, oil car, re- S
Operating car, or cars for any other pur- t
ose operating upon railroads IN this