Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1912-09-06

ENCII y II
sional election held just prior to the ex-
piration of their respective terms
3. The Commission shall maintain an
Office and have its domicile at Baton
Rouge and the members shall reside In |
Baton Rouge and devote their time ex- |
clusiveiy to the discharge of their du-
ties.
4. They shall each receive a salary Of
Five Thousand Dollars per annum. be-
ginning January I, 1914. ana their trav-
cling expenses. not exceeding maximum
the General Assembly. an itemized ac-
count Of which shall be rendered IN an
annual report.
s The chairman Of the first Commits
sion shall be named by the appointing |
Board and serve until the expiration OF |
his term OF Office, and thereafter the
Commission shall select its own chair
man.
g. The Commission and the individual
members thereof shall perform such du-
ties In respect to assessment and taxa
other and further duties as tine General
Assembly may from time to time pre-
scribe.
Z. The General Assembly shall pro-
vide said Commission with an adequate
clerical force.
8. The Commission shall have power to
adopt and enforce such reasonable rules.
inconsistent with law, as It may deem
proper for the discharge Of its duties. ana
| to hear and determine complaints that
1 may De MADE against assessments a..
other Of its acts required or authorizes
by law.
/ to summon and compel the attendance
compel the production Of books and pa
pers, to take testimony under commas
sion. and to punish for contempt as fully
courts The General Assembly may pre-
/ vide other penalties for violating the or
ders OF the Commission.
10. II any person, firm. ASSOCIATION OF
corporation shall be dissatisfied with the
assessment made or action taken ~ the
Commission, such party may ale pou-
ton setting forth the cause OF eo1ec-
Commission or 70 either or beth In
court Of competent jurisdiction. at the
domicile Of the Commission, against sale
aSSsa1 "a as tSs cnur o. the
State without regard to the amount M
volved; such appeals to be returnable
within ten days after the date that the
All such cases. both in the trial and ep-
. peIiate court. shall be tried summarily.
and by preference over all other cases.
the nrst instance either in chambers or
: at term time.
II. No bond shall be required Of said
, Commission IN any case in any court,
. nor shall advance costs, or security Tor
costs, be required Of Il.
~. II shall be the duty OF the Attorney
General, and the various district after
! neys, on proper request or direction ~
: the said Commission in an legal matters
0 and to prosecute and defend all cases In
accordance with such requests and direc-
: oficers. when so requested or directed Il
: perform the duties here imposed upor
$ ONCE.
1. After January lst 1914. an assess
: ments for all State purposes. except q,
n hereinafter provided, shall be completes,
e the taxes shall become due and payable
: on the first Monday In June OF each year
a and shall become delinquent on the mrs
5, Monday in September IN each year. Fac
1 right to Ak the date, for the completion
" OF its local assessments, and the payInen
e Of its LEGAL taxes and licenses. geners
and special, until otherwise prescribed b
3 the General Assembly. Until otherwis
5 provided, existing laws on these subject
q shall be operative. Levee district take
n and forced contributions, exeltisive q
q produce taxes. shall be assessed and be
" come delinquent coincidentaily with par
~ ish taxes.
+ 2. Public service corporations shall b
A. assessed on their physical property an
" on their franchises separately. but tn
~ General Assembly shall have power to II
IN rect the Tax Commission 20 assess N
n property Of such corporations at vaiaa
A. franchises. to be determined by gross n
+ ceipts, or by dividends on stocks and II
On terest paid on bonded debt. or by an
A. other available method.
81 g. Incorporated banks shall be assesss
~ by assessing the stockholders In the boz
be value Of the stock, l. e., capital stoc
er surplus and undivided profits less . the a
sessed and taxed, and less such furth
a. deductions Of not less5fhan i've per ce
r. on their loans and discounts to cover b
'e- erai Assembly may prescribe. which a
"A auction shall be made only from the
r. surplus and undivided profits; all tax
Ter to be paid by the banks and charged
~ Individual bankers, banking FRI
IN and unincorporated banking association
nd domiciled in this State, shall be assess
st. en- the amount Of capital. surplus a
- undivided profits actually employed
their business, less the assessed value
,o- real estate locally assessed and tax
a. | actually and exclusively used and el
re pioyed In their business, and less 81
ne further deductions not less than I'VE
ars cent on their loans ana discounts
fu- cover bad debts and unearnss interest
the General Assembly may prescri
"A which deduction shall be made only fr'
a. their surplus and undivided profits
re- s. Foreign banks and individual bar
90, oe banking associations domiciied out OF
air State but doing business in this Sta
Ia shall be assessed on such proportion
aee their capital, surplus ana unolVit
ire profits as is actually employed IN I
or State, less the assessed value OF real
hin tate LEGALLY assessed and taxed, actue
and exclusively used and employed
fhe their business in this State. ana Il
rds such further deductions. not less u
use five per cent on their loans and 3
counts to cover bad debts and unea
ed interest as the General Assem-
ave may prescribe, which deductions 81
,er- be made only from their surplus and
.or- divided profits.
rs e Insurance, bonding and surety &C
ain NAMES and persons, firms and assoc
,ose lions engaged in the insurance, bond
Gu and surety business, excluding howe'
hin fraternal insurance companies ana as
ciations. shall be taxed on a percent
nv OF their gross premiums received a
evv their business done in this State.
Ions return premiums and reinsurance In C
fhe panfes or associations authorized 10
go business in this State. The percent
Iuch aforesaid shall not exceed three per
hall ard surety business. except life
tate Industrial Insurance and shall net
; 10 coed two per cent for life and indust
= A. insurance. The special taxes to sup
the Office of IRE marshal ana fire
NAV vention bureaus shall not be dedu'
and be taxed. when by the laws Of any o
,lIfv state or country any taxes. nnes, !
| All alties licenses fees, deposits OF me
ared or Of securities, or other obligations
e~ prohibitions are imposed on insura
,ons Bonding OF surety companies OF this s
y or doing business In sucn other state
en,1e country. or upon their agents therein
e~- excess Of such taxes. penalties. fees
q ceuaes deposits Of money, or of sec
wing ties. or other obligations or prohibit
500, imposed upon such insurance. bon
the or surety companies OF such other