The Caldwell watchman. (Columbia, La.) 1885-1946, 1912-11-01

Approved: August oath. 1912
L. T. HALL,
Governor of the State Of Louisiana
A true copy:
ALVIN r. HEBERT.
Secretary of State.
ACT NO. II.
Senate Bill No. s. BY Mr.. Voegtle.
Joint resolution proposing an amend
ment to the Constitution Of the State
Of Louisiana eXempting from taxation
the legal reserve Of life insurance COM
panies organized under the laws Of this
State.
Section l. Re it resolved by the
General Assembly Of the State Of Lou
isiana. two-thrds Of all the members
elected to each house concurring. That
the following amendment to the Con-
stitution Of the State be submitted to
the qualified electors Of the State for
their adoption or rejection at the con-
gressional election to be held on the
first Tuesday after the first Monday In
the month Of November. 1912, as fol-
lows:
There shall be exempt from all tax
alton the legal reserve Of life insurance
companies organized under the laws Of
this State.
Section 2. Be it further resolved;
etc, That the official ballot to be used
at said election shall have printed
thereon the words: For the proposed
amendment to the Constitution of the
State Of Louisiana exempting from al!
surance companies organized under the
laws Of this State" and the words;
Against the proposed amendment to the
Constitution of the State OF Louisiana
exempting from taxation the legal re-
serve of life insurance companies or.
ganized under the laws of this State"
| And each elector shall indicate as pro.
vided by the general election laws OF
| the State whether ne votes for OF
\ against the proposed amendment.
THOMAS c. BARRET,
Lieutenant Governor and President
u VAC -. THOMAS.
Speaker Of the House Of Represen-
Approved: August oath, 1912:
L. E. HALL.
Governor Of the State of Louisiana.
~ % w ALVIN z. HEBERT.
| Secretary Of State
ACT No r.
House Bill No. 2. BY MT Roberts
Joint resolution submitting TO the PEG.
ple of Louisiana an amendment to the
| Prostitution reorganizing and remOdellne
the States system Of assessment and tax
Section I. Be It resolved by the Cen
eral Assembly of the State Of Louisiana.
two-thirds of all the members elected
to each House concurring, That the fol-
lowing amendment to the Constitution OF
The State of Louisiana be and the same
is hereby submitted to the qualified cleo.
TORS of the State at the Congressional
e cleo to be held on the first Tuesday
after the first Monday in the month OF
November in the year 1912, to-wit:
Article I.
I. The taxing, power shall be exer IKE.
c,sed hy the State and by its subdfv1s-
ions for public purposes only, =,
The taxing power shall never be
surrendered. suspended, given, conlmu-
ted or contracted away: but where par,
ishes or municipal corporations shall
grant exemptions from par Isl 0 OF 1nr
Years from date of completion to en-
courage the establishment Of industrial
enterprises, or a similar exemption to i'm
migrants of the value added by them &c
vacant property owned and occupied as q
homestead, such exemptions shall not De
withdrawn either as to enterprises es.
tahlished or substantially begun in gooc
faith. or to immigrants who have actu:
aIlv acquired and improved or In gooC
fa;th heeun to improve their horesteads
since the granting of the exemption. Ihe
General Assembly on behalf OF the stare
and the governing authorities or al! sun
divisions of the State on behalf or sncI
suhd;vision. may defer for not more thar
three years the collection of taxes IN 10.
calities subjected to overflow or othel
public calamity.
p"' The General Assembly shall have
nower to classify all property for taxa.
Zion. and to adopt different rules ahe
Yates for different classes, but such rutes
and rates shall be equal and uniform OF
oil subjects Of the same class Throughout
tho territorial limits of the authorlt!
iavv;ns the tax. All such classificatlons
sbaIi he based on the characteristics o.
the property itself or its use, and never
on persons or ownership.
Except in case OF foreign 1nvasioi
or domestic revolution, the General AS
Semhlv shall not have power to lev!
anv ad yalorem property tax In excess, o
CIV nor cent: but the General Assembly
shall l not exceed the rate of two and one
half per cent except by vote OF TWO
thirds Of all the members elected to eacf
house thereof. .,
The sources of State and local rev
op,e shall be segregated and, except al
hereinafter specified, or as may be mere
after permitted by a vote of two-thlrd
If all the members elected to each Hous'
Of the General AsseHlols' e.c" thH:.'.
authority shall be restricted IN taS S.n;,
to its own sources OF revenue as here''
' @ Until otherwise provided by vot'
~ tuo-thirds of all the members elected
to each House of the, General Assembly
The following shall be the sources o
State revenue:
'' III The special taxes hereinafter pro
'' md All corporations, private persons
and unincorporated associations that o.p
es any railroad falling under the juris
1 fiction of the Railroad Commission
In,,isiana; street railroad; combined
street railroad and electric light an.
nouer business; heating or refrigerat1o,
Mani mot inclusive of cold storag
p1ant>. telephone line: telegraph line
we M dining car, sleeping car, oil car, re
friserating car, or cars for any other pu