Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1912-10-25

elections held in this State the first Tues
lay after the first Monday in November
every two years; and at the said congress
sional election held Just prior to the ex-
Dira ton Of their respective terms
8. The Commission shall maintain an
office and have its donicile at Baton
Baton Rouge and devote their time ex-
clusively to the discharge OF their du-
ties.
4. They shall each receive a salary Of
Five Thousand Dollars per annum. be-
ginning January 1. 1914. and their trav-
cling expenses, not exceeding a maximum
amount to be fixed from time to time by
the General Assembly. an itemized ac-
count OF which shall be rendered In an
annual report.
5. The chairman Of the first Commits
sion shall be named by the appointing
Board and serve until the expiration OF
Commission shall select its own chair
man.
6. The Commission and the individual
members thereof shall perform such du-
ton as are herein prescribed. and such
other and further duties as the General
Assembly may from time to time pre-
scribe.
Z. The General Assembly shall pro-
vide said Commission with an adequate
clerical force.
s. The Commission shall have power 10
adopt and enforce such reasonable rules.
rs 0haeAOno anu llOQco VI plOCCu0AC1 AACh
inconsistent with law, az II may deem
proper for the discharge Of its duties, and
to hear and determine complaints that
may be made against assessments, and
other OF Its acts required or authorised
by law.
9. The Commission shall have power
to summon and compel the attendance
OF witnesses, to swear witnesses. arr to
compel the production Of books andNR-
pers, to take testimony under comnS-
sion, and to punish for contempt, as fully
as Is provided by law for the district
courts. The General Assembly may pro-
ders Of the Commission.
10. II any person. firm. association or
corporation shall be dissatisfied with the
assessment made or action taken by the
ton setting forth the cause of objec-
ton to such assessment or action Of the
Commission or to either or both In a
court OF competent Jurisdiction, At the
domicfle OF the Commission. against sid
Commission as defendant. Either party
may appeal to the Supreme Court OF the
State without regard to the amount In
volved; such appeals to be returnabls
decision Of the lower court becomes fnal
All such cases. both in the trial and APP
peilate 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
az term time.
IL. No bond shall be required Of said
Commission in any case In any court.
nor shall advance costs, or security for
costs, be required Of n.
L. 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.
and to prosecute and defend all cases IN
accordance with such REQUESTS and dfrec-
tons. failure on the part Of such law
officers, when so requested or directed 70
perform the duties here imposed upon
them, shall constitute misfeasance n
ONCE.
Article vi.
]. After January LIST, 1914. an assess
ments for all State purposes. except Al
hereinafter provided. shall be completed
on or before April LIST IN each year, and
the taxes shall become due and payable
on the first Monday in June Of each year
and shall become delinquent on the FRS,
Monday In September in each year. Each
parish and municipality shall have the
right to TX the date for the completion
Of its local assessments. and the payment
and special, until otherwise prescribed b.
the General Assembly. Until otherwise
provided. existing laws on these subject,
shall be operative: Levee district take,
and forced contributions, exclusive Of
produce taxes, shall be assessed and be-
come delinquent coincidentaily with par
ish taxes.
2 Public service corporations shall b,
assessed on their physical property and
on their franchises separately, but thu
General Assembly shall have power to di-
rect the Tax Commission to assess the
property of such corporations at a valua-
ton including both physical property and
franchises, to be determined by gross re-
ceipts, or by dividends on stocks and In
terest paid on bonded debt. or by an,
other available method.
g. Incorporated banks shall be assessed
by assessing the stockholders In the 5ool
value Of the stock. l. e., capital stock
surplus and undivided profits less the as
sessed value Of real estate locally as
sessed and taxed. and less such furthel
deductions Of not less than fve per cen
on their loans and discounts to cover bad
debts and unearned interest as the Cen
eral Assembly may prescribe, which de-
duction shall be made only from thei
surplus and undivided profits: all take
to be paid by the banks and charged {,
the stockholders.
4. Individual bankers. banking firm
and unincorporated banking associations
domiciled in this State. shall be assesse,
on the amount Of capital, surplus ant
undivided profits actually employed II
their business. less the assessed value o
real estate locally assessed and taxed
actually and exclusively used and EN-
ployed ir their business, and less sucl
further deductions not less than five pc
cent on their leans and discounts q
cover bad debts and unearned interest a.
| the General Assembly may prescribe
/ which deduction shall be made only from
their surplus and undivided profits.
5. Foreign banks and Individual bank
ers. banking firms and unincorporste,
State but doing business in this State
shall be assessed on such proportion o
their capital surplus and undlvide'
profits as Is actually employed in thi
tate locally assessed and taxed, actual.
and exclusively used and employed Il
/ their business In this State, and les
such further deductions. not less thai
1 five per cent on their loans and dis
/ counts. to cover had debts and unearn
/ ed interest as the General ASSEMBLE
/ may prescribe, which deductions shall
| be made only from their surplus and un
4 divided profits
g. Insurance, bonding and surety com
panies. and persons, firms and associa
/ lions engaged in the Insurance. bonding
and surety business. excluding however
Citations. shall be taxed on a percentag
/ Of their gross premiums received upol
their business done In this State. les
return premiums and reinsurance in com
business in this State. The percentag
aforesaid shall not exceed three per cen
for all branches Of Insurance, bondin
and surety business. except life an
coed two per cent for life and industris
insurance. The special taxes to supper
the ONCE Of fire marshal and fire pre-
vention bureaus shall not be deducte
from the premiums hereby authorized {
be taxed. When by the laws OF any othe
State or country any taxes, fines, pen
aities. licenses. fees, deposits Of none
or OF securities, or other obligations o
prohibitions are imposed on Insurance
bonding or surety companies OF this Stat
doing business In such other State o
country, OF upon their agents therein 4
excess Of such taxes. penalties, fees, II
censes, deposits OF money. OF OF securi
ties, or other obligations or prohibition
imposed upon such insurance. bondin