The Era-leader. [volume] (Franklinton, La.) 1910-current, 1912-10-24

1loAlWuu 0lAVuAC w NJ AA~NSN
time to time by the General Assem-
bly,, an itemized account of which
shall be rendered in an annual re-
port.
5. The chairman of the first Com
mission shall be named by the ap-
pointing Board and serve until the
expiration Of his term Of office, and
thereafter the Commission shall Sc
lect it's own chairman.
6. The Commission and the individ'
ual members thereof shall perform
such duties in respect to assessment
and taxation as are herein prescrib-
ed, and such other and further du-
ties as the General Assembly may
from time to time prescribe.
Z. The General Assembly shall pro-
vide said Commission with an ade-
Quate clerical force.
8. The Commission shall have pow
er to adopt and enforce such reason
able rules, regulations and modes
OF procedure, not inconsistent with
law, as it may deem proper for the
discharge of it's duties, and to hear
and determine complaints that may be
made against assessments, and other
of it's acts, required or authorized by
law.
| 9. The Commission shall have pow
er to summon and compel the at
tendance of witnesses, to swear VII
nesses, and to compel the production
OF books and papers, to take tesllmo'
,, nv under commission, and to punish
, for contempt. as fully as is PROVIDED
by law for the district courts; d III,
, General Assembly may PROVIDE otn.
!, er penalties for violating the orders
of the Commission.
: 10. If any person, firm, assoclatlol
. or corporation shall be dissatisfied
with the assessment made or action
taken by the Commission, such party
NAV file a netition setting forth inc
!. cause of objection to such assessment
r or action of the Commission or u
( either or both in Court OF compe
2 tent Jurisdiction, at the domlclle VI
s the Commission, against SAID CON
e mission as defendant. Either par;
may appeal to the Supreme Court o.
o the State without regard to Tue
amount involved; such appeals 10 W
!, returnable within ten days after I'M
= date that the decision OF the io"el
Court becomes final. All such cases
both in the trial and appellate court
shall be tried summarily and by pre-
ference over all other cases. Sucl
9 cases may be tried in the court 0
the first instance either in chamber
> or at term time.
:, II. No bond shall be required 0
;. said Commission in any case IN any
y court. nor shall advance costs or Sc
, curity for costs, be required of IT,
4 -. It shall be the duty of the Al
torney General, and the various als
trict attorneys, on proper request o
. direction by the Commission or I'M
y Governor, to aid the said COMMISSION
;. in all legal matters, and to prosecute
and defend all cases in accordance
= with such requests and directions. =
. failure on the part Of such law OIL
GERS when so requested or direct
:. ed to perform the duties here I'm
- - posed upon them, shall constitute mi
y feasance in office.
81 Article vi.
l. After January LIST. 1914, all al
h easements for all State purposes, e1
o cept as hereinafter provided, sha
>, be- completed on or before April IL
E. in each year, and the taxes shall b
b. come due and payable on the flrs
d Monday in June Of each year. an
2 shall become delinquent on the firs
Il. Monday in September In each yea
"a Each parish and municipality sha
or have the right to fix the date t
" the completion Of its local asses
re ments, and the payment of its LOCI
Is taxes and licenses general and spe
I'd ial. until otherwise prescribed by tt
or General Assembly. Until otherwi'
d, provided. existing laws on these s,l
of 1ects shall be operative. Levee ID
x. trict taxes and forced contribution
It. exclusive Of produce taxes, shall
in assessed and become delinquent c
It's Incidentally with parish taxes.
ls 2. Public service corporations shs
d. be assessed on their physical prope
To- ty and on their franchises separated
We but the General Assembly shall ha'
10 power to direct the Tax Commissl'
Dr. to assess the property Of such corp
all rations at a valuation including DO
le- physical property and franchises,
ss be determined by gross receipts,
ed by dividends on stocks and intere
an paid on bonded debt, or by any 9th
i'd available method.
IN. 8. Incorporated banks shall be
VI sessed by assessing the stockholde
ca ca on the book value of the stock, i.
al capital stock. surplus and undivid
~ profits less the assessed value of "
-. a estate locally assessed and taxi
' l and less such further deductions
W. not less than five per cent on tn
y loans and discounts to cover b
debts and unearned interest as
General Assembly may prescrl
which deduction shall be made o.
for from their surplus and undivided p
fits; all taxes to be paid by
of banks and charged to the stockhe
not ers.
Il L l. ~Hrr ~