The Era-leader. [volume] (Franklinton, La.) 1910-current, 1912-08-29
ACT NO. II.

ACT NO. u.
House Bill No. 2. By Mr.. Roberts.
JOINT RESOLUTION K
to the people Of Louisi-
ana an amendment to the Con
stitution recognizing and re-
modelling the States system OF
assessment and taxation. |
Section l. Be it resolved by the
General Assembly Of the State OF
L. uisiana, two-thirds of all the msn-
bers elected to each House concur
ring, That the following amendment
to the Constitution of the State OF
Louisiana be and the same is hereby
submitted to the qualified electors
of the State at the Congressional
election to be held on the first Tues
day after the first Monday in the
month Of November, In the year 1872.
to-wt:
Article I.
/. The taxing power shall be exer'
cised by the State and by it's sub
divisions for public purposes only.
2. The taxing power shall never be
surrendered, suspended, given. COM
muted or contracted away: but where
parishes or municipal corporations
shall grant exemptions from parish
or municipal taxes for a period not
to exceed ten years from date OF
completion to encourage the estab-
lishment of industrial enterprises, or
a similar exemption to immigrants
of the value added by them to vacant
property owned and occupied as q
homestead, such exemptions shall not
be withdrawn either as to enter
prises established or substantially be-
gun in good faith. or as to immigrants
who have actually acquired and I'M
proved or in good faith begun to i'm
prove their homesteads. since the
granting Of the exemption. The Gen
eral Assembly on behalf Of the State
, and the governing authorities Of al
subdivisions Of the State on behalf
: Of such subdivision, may defer 10!
! mot more than three years the col
l Election of taxes in localities subject
= ed to overflow or other public ca
/ lamity.
. 3. The General Assembly shall hav
/ power to classify all property for ta1
I alton, and to adopt different rule
e and rates for different classes. bu
L such rules and rates shall be equa
d and uniform on all subjects OF tn
|. lsame class throughout the territOria
8 limits of the authority levying tn
tax. All such classifications shall b
|. based on the characteristics OF tn
e property itself or it's use, and ne,
I. er on persons or ownership.
D. 1. Except In case of foreign inv
j. sion or domestic revolution. the Gel
(. eral Assembly shall not have p0wt
y to levy any ad valorem property "a
n In excess OF four per cent; but II
y. General Assembly shall not excee
Ne the rate of two and 0ne-half per cen
q except by q vote of tw0-thirds Of a
u the members elected to each hOut
st thereof.
n Article II.
II 1. The sources of State ana loo
m revenue shall be segregated. and, e
W cept as hereinafter specified, or
ID may be hereafter permitted by
b. vote Of tw0-thirds of all the membe
pf elected to each House Of the Gene
:" al Assembly, each taxing authori
Is shall be restricted in taxation to |
"a own sources of revenue as here
Or assigned. r..
It. 2. Until otherwise provided by
vote of two-thirds of all Of the mel
Mt bers elected to each House of Il
General Assembly. the followil
shall be the sources Of State rev
n. nue.:
LIST. The special taxes hereinaft
provided for.
End. All corporations, private pc
"a. sons and unincorporated association
that operate any railroad falling U
OeT tue yUIl0ONIUu VI t0c AS@AssOe
Commission of Louisiana; street "a
road: combined street railroad a
electric light and power business
heating or refrigeration plant. In
inclusive Of cold storage plant: Il
le. ephone line; telegraph line. whet
er wireless or otherwise; EXPIRE
line, dining car, sleeping car, oil ca
N. refrigerating car. or cars for al
-, other purpose operating upon "a
o. roads In this state; steamboat, nj
he or boat, steamship. ferry. barge q
zee tug. or other water craft, where q
ne Grated for hire. canal for transpor,
ton or irrigation, ana pipe line
oil or gas. When the electric lis
he and power business conducted In c<
Of junction with any street railroad c
IN. be practically severed from the strt
-. railroad business for purposes OF
VI sassment then ouch severance oh
eht he made by the Tax Commission 4
be such electric light and power busin,
If shall not be q source Of State re-
ec. nue..
~ 3rd. All banks. State and Nati'
10 al, including savings banks, tr,
ter banks and trust compAnleS.. and
No. lprivate bankers, whether indtviau
or partnerships. save hat the r
estate OF al banks and ba1ker~ sh