The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1912-11-02

I |l-lI
lnd&IlHuNI amouuL 70 De IlXeu from
time to time by the General Assem-
bly,. IN tented account of which
shall DC rendered in an annual re-
port.
! ;. 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, ana
! thereafter the Commission shall Sc
! lect its own chairman.
d. The Commission and the individ-
uaI members thereof shall perform
such duties in respect 10 assessment
ana TAXATION as are herein prescrlb-
ed, ana such other and further du-
ties as the General Assembly may
from time to time prescribe.
7. The General Assembly shall pro-
vide said Commission with IN ade-
quate clerical force.
s. 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 its duties, and to hear
and determine complaints that may be
made against assessments, and other
Of its acts, required or authorized by
| law.
Q. The Commission shall have pow
err to summon and compel the at
| tendance Of witnesses, to swear VII
nesses, and to compel the production
OF books and papers, to take testlmo-
nv under commission, and TO punish
| for contempt. as fully as is provided
| by law for the district courts. The
General Assembly may provide 9TH
or PENALTIES for violating the orders
of the Commission.
10. II any person, firm, association
or corporation shall be dissatisfied
with the assessment made or action
taken by the Commission, such party
may file a netition setting forth the
cause of objection to such assessment
or action of the Commission or to
either or both in Court of compe-
tent jurisdiction, at the domlclle OF
the Commission, against said Com
mission as defendant. Either party
may appeal to the Supreme Court or
the State without regard to the
amount involved; such appeals to be
returnable within ten days after the
date that the decision of the lower
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. Such
cases may be tried in the court Of
or at term time.
II. No bond shall be required Of
said Commission in any case in any
court, nor shall advance costs or Sc
curity for costs, be required of it.
u. 1t shall be the duty of the At
torney General, and the various dis
trict attorneys, on proper request or
direction by the Commission or the
Governor, to aid the said Commission
in all legal matters, and to prosecute
and defend all cases in accordance
with such requests and directions. A
failure on the part of such law Off
GERS, when SO requested or direct
ed to perform the duties here I'M
posed upon them, shall constitute mis-
feasance in office.
Article vi.
1. After January list, 1914, all as
sessments for all State purposes, ex-
cept as hereinafter provided, shall
be completed on or before April 1st
in each year, and the taxes shall be-
come due ana payable on the first
Monday in June of each year, and
shall become delinquent on the first
Monday in September in each year.
Each parish and municipality shall |
have the right to fix the date for |
the completion of it's local assess
ments, and the payment Of it's local |
taxes and licenses general and spec
ial, until otherwise prescribed by the |
General Assembly. Until otherwise !
provided, existing laws on these sub
jects shall be operative. Levee dis
trict taxes and forced contributions,
exclusive of produce taxes, shall be
assessed and become delinquent CO
Incidentally with parish taxes.
g Public service corporations shall
be assessed on their physical proper
~ and on their franchises separately,
but the General Assembly shall have
power to direct the Tax Commission
to assess the property of such corpo
rationS at a valuation including both
physical property and franchises, to
be determined by gross receipts, or
BY dividends on stocks and interest
paid on bonded debt, or by any other
available method.
g. incorporated banks shall be as
sessed by assessing the stockholders
on the. book value of the stock. i. e.,
capital stock, surplus and undivided
profits less the assessed value of real
estate locally assessed and taxed,
md less such further deductions of
not less than five per cent on their
oans and discounts to cover bad
debts and unearned interest as the
General Assembly may prescribe,
which deduction shall be made only
rom their surplus and undivided pro-
its; all taxes to be paid by the
banks land charged to the stockhold-
srS.
a. Individual bankers, banking firms
md uhincorporated banking associa-
ions, .domiciled in this State, shall
IA qccpccnH on tho cunt 0f conifo1 |