The herald. [volume] (New Orleans, La.) 1905-1953, 1912-10-24

| insurance, bonding or surety cOmpa-
mes OF such other State or country, So
long as sUch laws continue IN fierce
the same obligations and prohibitions
Of whatsoever Kind may be imposed by
the General Assembly OF tins State
upon insurance, bonding or surety COM
pduIcS OF SuCn other state OF country
DONG business in TINS State.
!. irrigation canals snail be taxed
on percentage not 10 exceed TWO PEI
cent OF their gross receipts, only such
lures thereon, rights of way, maCulu-
cry, tools auu implements as are nee
tssdfS 10 the operation OF any canal
suaIi be included in ana covered 10y tins
tax on gross receipts All other real
estate and personal property OF the
owner OF any canal shall be locally as
SesSed ana taxed.
5. All sugar refLerIeS, rice mills.
cotton seed OH mills. cotton seed on
rtuherles ana TeunerlcS OF petroleum
ana Its products snail be assessed on
the lar market valuation.
.. Jnt!I otherwise prov ideG 10y tn,
General Assembly by u vote OF two
tnIrds of the members elected To each
house, all operating mines OIL SulpAaT,
SAT- or other minerals. all oil OF Sas
els. all stone quurrlCS, sand, gravel
ana shell pts shall be taxed upon 4
percentage Of the gross value OF The
product at the mouth of the mine, well,
quarry or pit ThIs percentage shall
not exceed nYe per cent for sulphur.
three per cent for salt. two and one
ualT per cent for oil ana gas, and Two
per cent Tor rock and other minerals
inclusive OF gravel. sand ana shells.
J ms tax shall not apply To the product
OF any mines, quarTleS or pits or oil OF
gas wells, where the owner, other than
public service corporations, uses the
same Tor his personal purposes ana
does not sell the same or It's products
or manufacture the same into another
product for sale. Where gravel, sand
or shells are taken from the beds OF
ar -II NJ. sub
JecL TO private ownership, the General
Assembly may levy special taxes per
cubic yard OF material taken out and
may levy a different special tax fOl
each Of said objects of taxation. The
Con trnment of the United States for
any purposes, and contractors engaged
IN the construction of any public work
Tor 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 SIMILAR right TO
take such materials for his own per-
Sonal use free from taXation,( unless
they are taken for sale. All real ana
personal property of the owners OF
suCh mines, wells, quarries and pits
except machinery, tools and imple-
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
than for 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
held in fee or under easement, may be
assessed 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
of such pamphlets at a small price.
IL. Every taxpayer shall have the
right of testing the correctness or his
assessment in the Courts within such
time as the General Assembly may pre-
scribe; and no property shall be as
sessed for a sum in excess of the per-
centage of its fair market value, as
prescribed by the governing authority.
IA. State licenses and special State
taxes shall be due and payable at such
time as the General Assembly may pre-
scribe,