The herald. [volume] (New Orleans, La.) 1905-1953, 1912-09-05

| insurance, bonding or surety comma.
mes OF such other State or country, Sc
| long as such laws continue m fCrct
the same obligations and prohibition,
OF whatsoever KIND may be imposed 10y
| tHe General Assembly of TINS state
upon insurance, bonding or surety com
! pLhieS Ol such other state or country
| DOING business in TINS State
! - irrigation canals shall bc taxed
on percentage not to exceed two pei
cent OF their gross receipts, only SurA
| real estate ana the buildings ana Struc-
| lures thereon, rights of way, maCuln-
cry, tools aud implements as are nee
/ essdfS TO the operation of any canal
| small De included in and covered bv TINS
| tax on gross receipts. All other real
| estate ana personal property Of the
owner OF any canal shall be locally as
| SesSed ana taxed.
| 8: All sugar rehneries. rice mills,
cotton seed oil mills. cotton seed OH
reHnerles and reunerIcs of petroleum
ana Its products shall be assessed on
the ldIr market valuation.
.. IntII otherwise prov idtd hy TIN,
General Assembly by vote OF two
thIrds of the members elected 10 each
mouse. all operating mines OF sulphur.
SAT- or other minerals, all oil or gas
wells. all stone quarrIeS sand. gravel
ana shell pits shall be taxed upou a
percentage OF the gross value of IN,
product at the mouth of the mine we'll
quarry or pit This percentage shall
not exceed nVc per cent for sulphur.
three per cent for salt: two and one
halt per cent for oil and gas, and TWO
per cent Tor rock ana other minerals
inclusive Of gravel, sand and shells.
ms tax snail not apply 10 the product
OF any mines, quarrIcs or pits or oil OF
gas wells, where the owner. other than
public service corporations, uses the
same Tor his personal purposes and
uoeS not sell the same or. its products
Or manufacture the same into another
product for sale. Where gravel sand
or shells are taken from the beds OF
I L. fT.a
Ject TO private ownership, the General
Assembly may levy special taxes per
cubic yard of material taken out and
may levy different special tax for
each OF said objects Of taxation. The
GoNefnment of the United States foI
any purposes, and contractors engaged
IN the construction Of any public work
for the State or for the United States
solely for the purposes of such public
work are authorized To take free from
taxation gravel. shell or sand from
the beds of public waters and the public
SHORES OF the state. Every citizen OF
the State shall have a similar right to
take such materials for his own per
sonal use free from taxation unless
they are taken for sale. All real anu
personal property of the owners OF
suth mines. wells, quarrieS and pits
except machinery, tools and nipple
ments absolutely essential to the OPP
Grafton OF any mine. oil or gas well,
stone quarry, sand, gravel or shell pit,
and except the products themselves
while in the hands of the producer.
shall be locally assessed and taxed.
10. All real and personal property
reserved for local taxation shall be as
Sessed at such percentage not to eX-
coed 100 per cent of its fair market
value as each local governing author
ity may establish. and a lower percent
age may be established for personal
imam Tor real property or for the val
ueS OF improvements than for land
values.
IL. In all assessments of real prop
erty whether for local or for State pur-
poses, the value of the land shall be |
assessed separately from the value OF |
the improvements; but railroad pipe |
line and canal rights of way, whether |
held in fee or under easement, may be |
separately from, or together |
with, the improvements thereon as the |
Tax commission may deem most prac- |
ticable.
II. Assessments shall be arranged |
geographically as far as possible either |
upon the roll or upon separate records |
and the General Assembly shall pass |
laws providing for the printing and |
records, showing such geographically |
arranged assessments, and for the sale |
)f such pamphlets at small price.
10. Every taxpayer shall have the |
light OF testing the correctness of his
assessment in the Courts within such |
line as the General Assembly may pre-
scribe; and no property shall be as
'eSsed for a sum in excess of the per-
;entage of its fair market value, as
prescribed by the governing authority. |
IA. state licenses and special State
axes shall be due and payable at such
ime as the General Assembly may pre-
scribe.