The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1912-09-21
..,a,v,ded profits less the as

IN I'D
,.fplua ann ui If real estate locally as
esssd w. faxed, and less such further
sessed anu If NOT less than five Der cehtt
deductlon,eo ane and discounts e. CID Gee
Cd theif so 1,,nearned interest as tias Cass
dsbts ,asnna a may prescribe, Which oe-
~. H. shall be made Only ron on + .l,s,
duetlonp md undivided profits; all taxes
& s y Be paid by elie o$'1'iN''
The sf9cs si,Jd,,al bankers, banking firms
nlu aaarnorated banking associations,
and u i1la IN this State, shall be assessed
iofneaial AMOUNT Of capital, surplus anu
% ,, sId profits actually einPioyg .lo III III
undlF .stnass less the assessed value OF
( their pul slnei locally assessed and taxed,
& real e e., 'and exclusively used and en-
setuany. their business, and less such
ployed u ahoamntions not less than five per
furtnsl their loans and discounts TO
cent va bad debts and unearned interest as
+ eoveir General Assembly may prescrloe,
bich deduction shall be maze r 9iiss nom
thsir l saraii banks and individual bank
## b tant,ing firms and unincorporated
sfst , 10 associations, domiciled out of the
banslhss e., a-' doing business In this State.
sta aR Va assessed on such proportion OF
sha NH. canital. surplus and undlV1ded
VA t,sssts as is actually employed IN inns
q pfolss ,asa the assessed value OF real. es-
STAG, o tsJ assessed and taxed, actually
nls euSo1usively used and employed IN
aha y. BUSINESS in this State, and less
then syrther deductions, not less than
susn ,ar cent on their loans and dis
/ nv I.'a+ r. 10 cover bad debts and unearn-
COUNT interest as the General Assembly
y 20 nrescribe, which Deductions shali
y snas sa,ga on1y from their surplus and I'M
Sviaed profits. 4, 49,,
+ y md nersons, firms and associa-
u p pls 1o,rgag ed in the insurance, bonding
E li w surefy business, excluding however,
sstaa WV insurance companies and asso-
.sstans. shall be taxed on a percentage
K their gross premiums rec e upon Iasa
Y .s.,r business done in this State. less
l WI, nrer1unls and reinsurance in COM
\ l Ess;as or associations authorized to do
ga lainass IN this State. The percentage
epasasaid shall not exceed three per cent
{ s n ali branches of insurance, bonding
M IA surety business, except life and
jaaustrial Insurance and shall not ex-
i sssd two per cent for life and Industrial
sss The special taxes to support
5 ..sa1ofice of fire marshal and fire pre-
= s .tg bureaus shall not be deducted
III, fhe premiums hereby authorized to
I. taysd When by the laws Of any other
state or country any taxes, fines, pen
ssties. licenses, fees, deposits of money
{ - n securities or other obligations or
handing or surety companies of this State
Sninp business in such other State or
country. or upon their agents therein in
eyeess Of such taxes, penalties, fees, IL,
censes. denoslts of money, or Of securi-
iies, or other obligations or prohibitions
imposed upon such insurance, bonding
N surety companies Of such other State
ii country, SO long as such laws continue
4 ii force the same obligations and profi-
bittons of whatsoever kind may be inn.
posed by the General Assembly Of this
4 State upon insurance, bonding or surety
companies of such other State or country
doing business In this State.
T. Irrigation canals shall be taxed on
percentage not to exceed two per cent
Of their gross receipts, only such real es-
tate and the buildings and structures
thereon, rights OF way, machinery, tools
H and implements as are necessary to the
operation Of any canal shall be included
4 III and covered by this tax on gross re-
ceipts All other real estate and personal
property OF the owner of any canal shall
\ be locally assessed and taxed.
g. All sugar refineries, rice mills. cot
Ton seed oil mills, cotton seed oil re-
finerles and refineries of petroleum and
\ jts products shall be assessed on the fair
market valuation.
Nj 4. Until otherwise provided by the
General Assembly by a vote Of two thirds
operating mines Of sulphur salt or other
f minerals all oil or gas wells, all stone
aaarries. sand. gravel and shell nits shall
4 be taxed upon a percentage of the gross
Y value Of the product at the mouth Of
I the mine well, quarry or pit. This per-
5seatages shall not exceed five per cent for
sEanhsr: three per zen Il for salt two and
pet cent ffor oil Ali ia d q nd
ss2as cent HI rock and OH her minerals
Il elusive of grarel, sand and Shells his
S1as y bah nor apply to the product Of any
Ii aliHes, elliarrie as pits or oil or gas wells
4 Ehefe the owner ot11er than public ser
& Elce corpora lions, uses the same for his
y PERSONAL purposes and does not sell the
& same or It's products or manufacture the
zane into another product for sale
mere gravel, sand or shells are taken
u rom the beds OF public waters or from
4 shores not subject to private ownership,
Y. General Assembly may levy special
aSes per cubic yard Of material taken
y s ssu ana may levy different special tax
8sl y eaeh OF said objects of taxation The
sisiaVarnllent of the United States for any
I p ps and contractors engaged in the
! sshs Struction 1nf any public work for the
slate or Tor the United States solely for
& !, 1lTpose of such public work are an
y ,aarlzea 60 take free from taxation
s s,,.s shell Or sand from the beds of
Il papllc waters and the public shores 81
lhe State. Every citizen of the state
B s,a'l nave similar right to take such
f s.aseri q Tor his own personal use free
a .saI taSsation. unless they are taken for
ssle' Al real and personal properly Of
" ~ owners .s. o. such mines, wells. auarries
s,a p..s, except machinery, tools and i'm
ssa 1ie,,1s = absolutely essential to the OPP
v vra w. % any mine, oil or gas wen. stone
su 5 sand, gravel or shell pft. ana axe4
", .sal me products themselves while in
4 AZ ls naIas OF the producer, shall he To-
4 al !, assessed and taxed. s,t'ii = =
,. ~. Az real and personal pronertv ra
u etss ~ ior local taxation shall be assessed
esnt A ~ ~ sfeentage not to exceed 100 per
IA q, governing authority NAV estahl;sh
IIsbaaa lower lower percentage may be estab-.
n ,rs' ~, iar personal than for real property
sor IN lava u,s values OF improvements than
vhat,a n az assessments of real nronerty
lie s ya1,,a ior local or for State purposes,
sapara ts,., 81 lne land shall be assessed
a ghts = put railroad. pipe line and canal
aer ~ I, Wy, whether held In fee or I'M
frnms e s zen, may he assessed sensra civ
4 theraornt together with, the improvements
deem mass as the Tax Commission NAV
~ III most practicable iii1S
sraphics,,,es shall be arranged geo
ihs rnl y as far as possible either ,1non
4 oena ar Or upon separate records ana u AZ
slains for af ne na, shall pass laws pro-
pamphlet f sne printing and publica lion in
tlch geogran IN, o. the records, showing
small price. s's'e u such pamphlets at
iaght n tes., taxpayer shall have the
sessnents I e. the correctness OF his as
! q lie Ga m the courts within such time
+ and no q nrnaa Assembly may prescribe:
nm nm In excess - snail be assessed for a
4 sair markat ,a,' y the percentage of It's
lsssai ns authority. piese'ipeo oy the
#State lfrapcon