The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1912-10-12

the State wnetner ne VOTES IOr VI
against the proposed amendment
THOMAS c. BARRET.
Lieutenant Governor and President
of the Senate.
Speaker of the House Of Represen-
L. f. HALL.
'''e e0p' ALVIN e. HEBERT.
Secretary of State
ACT NO. IL.
Senate Bill No. s. BY Mr.. Voegtle.
Joint resolution proposing an amend
ment to the Constitution of the State
of Louisiana exenipting from taxation
the legal reserve of life insurance COM
panies organized under the laws OF this
| State.
General Assembly of the State of Lou
! isiana, two-thirds 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 t. b. held on the
| first Tuesday after the first Monday IN
| the month of November, 1872, as foi-
| 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 proposes
State of Louisiana exempting from all
| taxation the legal reserve of life In
| surance companies organized under the
"Agajrst the proposed amendment to the
Constitution of the State or LOUISIANA
! exempting from taxation the legal re-
serve of life Insurance companies or.
! sanized under the laws of this state
/ And each elector shall indicate as pro-
/ vided by the general election laws OF
4 the State whether ne votes for or
against the prcnosei amendment
Lieutenant Governor and President
| u ''e ~ L. e. THOMAS.
Speaker of the House OF Represen-
Approved: August gath. 1912;
Governor of the State of Louisiana.
ALVIN E. HEBERT..
Secretary of state
. House Pill No. 2. BY Mr.. Roberts
Joint resolution submitting to the peo-
ple OF Louisiana an amendment to the
Constitute n reorganizing> and remodenne
the Slater system of assessment and tax
alton.
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 Q,
! is hereby submitted to the qualified cleo
tors Of the State at the Congressional
election tosbe held on the first Tuesday
: after the first Monday IN the month OF
November, in the year 1912, to-wit:
!, Article Z.
!. The taxing power shall he exer-
cised by the State and by Its suodivis'
: ions for public purposes only.
2 The taxing power shall never bt
Surrendered, suspended. given, commu'
4 ted or contracted away; but where par.
? fshes or municipal corporations shall
grant exemptions from parish or NUM-
! ciDal taxes for period not to exceed ter
4 years from date of completion to en-
courage the establishment OF industria
: enterprises, or a similar exemption TO i'm
: migrants Of the value added by them Il
: vacant property owned and occurred as
: homestead, snch exemptions shall not b
e withdrawn either as to enterprises es
e tablished or substantially begun in goot
a faith, or to immigrants who have actu
: ally acquired and improved or in goot
: faith begun to improve their hon'estesds
: since the granting of the exemption Tit
= General Assembly on behalf of the State
: and the governing authorities of all sub
\ divisions of the state on behalf nf sticf
$ three years the collection Of taxes in 10
r calities subjected to overflow or othe
public calamity.
g. The General Assembly shall hav
lpower to classify all property for taxa
ton, and to adopt different rules ant
rates for different classes, but such rule
land rates shall be equal and uniform OF
all subjects OF the same class througn?u
the territorial limits of the authorit.
levying the tax All such classification
shall be based on the characteristics O
the property itself or its use, and neve
on persons or ownership.
4. Except in case of foreign invasion
or domestic revolution. the General As
sembly shall not have power to lev.
lany al valoren property tax IN excess Q
]. four rer' cent: but the General Assembi.
: shall not exceed the rate of two and one
! half per cent except bv vote Of two
= thirds of all the members elected to eacl
!, house thereof
I, !. The sources Of State and local rev
= enue shall be segregated and, except a
y hereinafter srecified. or az may be here
= after permitted by a vote of third
= of all the members elected to each Hous
2 Of the General Assembly. each taxinj
y authority shall be restricted In tayatio'
!, to its own sources OF revenue as herei
Z assigned.
n q Unts' otherwise provided bv vnt
: Inf twt.-thircs of all the members elecfe
n I, each House of the General Assembly
the ss'iowing shall be the sources o
$ Ist. The special taxes hereinafter pro
$ viaei Cor.
] End. All corporations. private person
Z and unincorporated associations that 90
e crate any railroad falling under the juris
: dicti~n Of the Railroad Commission q
louisiana street railroad: combines
4 street railroad and electric light an,
n power business; heating or refrigeration
y plant mot inclusive OF cold storag
! pIant): telephone line: telegraph line
whether wireless or otherwise: expires
! line. dining car, sleeping car. oil car. re
, pose operating upon railroads in thf