The Donaldsonville chief., 1912-10-12

from the date of completion certain
new canals for irrigadion, n navlgas1eaa
within five 80 years with capital
of not less than five million dollars.
And each elector shall indicate as pro-
vided in the general election laws OF
the State whether he votes for or
against the proposed amendment.
THOMAS C. BARRET,
Lieutenant Governor and President
of the Senate.
L. r. THOMAS,
Speaker Of the House Of Represen-
tatives.
Apprayel: August gath. 1872 :
eoElrner of the state Of Louisiana.
Z, ALVIN E. HEBERT,
Secretary of State.
ACT no. H.
Senate Bill No. s. BY Mr.. Voegfle
ment to the Constitution of the State
Of Louisiana esempting from taxation
the legal reserve of life insurance COM
panies organized under the laws Of this
State
Section l. BE 1T resolved by the
General Assembly of the State Of Lou
isiana, two-thirds Of all the members
elected to each house concurring, That
stitution Of the State be submitted to
the qualified electors of the State for
their adoption or rejection at the con-
gressiona1 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
amendment to the Constitution of the
State Of Louisiana exempting from all
taxation the legal reserve of life IN
surance companies organized under the
..sAgainst the proposed amendment to the
Constitution Of the state OF Louisiana
exempting from taxation the legal re-
e fa Avs ia or
And each elector shall indicate as pro-
vided by the general election laws OF
the State, whether ne votes for or
against the proposed amendment.
THOMAS G. BARRET.
Lieutenant Governor and President
- 's'.ee Z. y. THOMAS,
Speaker Of the House Of Represen-
Approved: August 24sh. 1912.
Y. e. HALL,
Governor Of the state Of Louisiana.
ALVIN E. HEBERT.
Secretary Of State.
ACT No f2.
Ho,se Bfu No. 2. BY Mr.. Roberts.
Joint resolution submitting to the peo-
pie of Louisiana an amendment to the
Constitution reorganizing and remodeling
the States 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 OF
| is hereby submitted to the qualified cleo
| tors of the State at the Congressional
| election to be held on the first Tuesday
after the first Monday in the month OF
November, in the year 1912, to~wit:
Article !.
| 1. The taxing power shall be exer-
cised by the State and by its subdivfs-
ions for public purposes only.
| g. SThe taxing power shall never be
surreSA sered, suspended, given, commu-
ted o1A4contracted away; but where par.
ishes Vpr municipal corporations shall
grant exemptions from parish or nuni-
! cipal taxes for period not to exceed ten
years from date of completion to en-
courage the establishment of industrial
enterprises, or a similar exemption to Inn
migrants Of the value added by them tc
vacant property owned and occupied as q
homestead, such exemptions shall not be
withdrawn either as to enterprises es-
|
faith, or to immigrants who have actu-
ally acquired and improved or in good
faith begun to improve their homesteads
since the granting of the exemption The
General Assembly on behalf Of the State
and the governing authorities of all sub
| divisions Of the State on behalf Of such
subdivision, may defer for not more thar
three years the collection of taxes In To-
caltties subjected to overflow or other
public calamity.
3. The General Assembly shall have
power to classify ali property for taxa
tion and to adopt different rules an6
rates for different classes but such rules
and rates shall be equal and uniform or
all subjects of the same class Throughout
the territorial limits of the authority
levying the tax. All such classifcations
shall be based on the characteristics o1
the property itself or it's use and never
/ on persons or ownership.
4. Except In case of foreign invasion
semblys shall not have power to levy
any ad valorem property tax in excess O.
/ four per cent, but the General Assembly
shall not exceed the rate Of two and one.
half per cent except by a vote Of two
4 thirds Of all the members elected to each
house thereof.
Article IL.
l. The sources Of State and local rev
enue shall be segregated and, except as
| hereinafter specified, or as may be here
after permitted by vote of two-thirdt
Of all the members elected to each House
4 u the 4 IeHeTaI Assembly, eaCh taxing
| authority shall be restricted in taxation
to Its own sources of revenue as hereir
assigned.
2. Until otherwise provided by a vote
OF tWo-thirds of all the members elected
to each House OF the General Assembly
the following shall be the sources OF
State revenue:
1st. The special taxes hereinafter pro-
Evided for
End. All corporations, private person.
and unincorporated associations that OPP
crate any railroad falling under the juris-
/ diction of the Railroad Commission 0.
/ Louisiana; street railroad. Combined
street railroad and electric light and
power business; heating or refrigeration
/ plant (not inclusive of cold storage
plantl: telephone line; telegraph line
whether wireless or otherwise; express
/ line. dining car, sleeping car, oil car. re.
srigerat1ng car. or cars for any other pur-