The Era-leader. [volume] (Franklinton, La.) 1910-current, 1912-09-19
and undivided profits.

Insurance, bonding and surety {
companies, and persons, firms and as I
sociattors engaged in the insurance,
bonding ...ia surety business, exclu1-
ing however, fraternal insurance COM
panies and associations, shall be tax
cd on a percentage Of their gross
premiums received upon their BUS
mess done in this State, less return
premiums and reinsurance in compa'
MES or associations authorized to 40
business in this State. The percent
age aforesaid shall not exceed three
ner cent for all branches of lnsui'
ance bonding and surety business
except life and industrial insurance
and shall not exceed two per ceht
for life and industrial insurance. Inc
: specal taxes to support the Office OF
fire marshal and fire prevention bu'
=. reaus shall not be deducted from inc
premiums hereby authorized to De
G taxed. When by the laws OF any o'h'
h or state or country any taxes, INES.
O penalties. licenses, fees, deposits OF
:, money or of securities, or other obi,
% cations or prohibitions are imposed
p on insurance, bonding Or surety com
v panies of this State doing business
in such other state or country, or up,
IN their agents therein in excess Oh
;, such taxes, penalties, fees, licenses
= deposits of money, or OF securi!les'
~ or other obligations or prohlbltlohs
:" imposed upon such insurance, bono'
v ing or surety companies Of such o1h'
~ ~ or State or country, so long as sucn
~ laws continue in force the same oo'
!. legations and prohibitions of whatso'
&c ever kind may be imposed by me
- General Assembly of this State upon
insurance, bonding or surety co1lPa'
'll MES of such other state or country
ed doing business in this State.
IN 7. Irrigation canals shall be taAeu
~ on a percentage not to exceed wv
" per cent of their gross receipts. only
he such real estate and the buildings
mt and structures thereon, rights OF way
to machinery, tools and implements az
'e- are necessary to the operation OF
of any canal shall be included in ano
M covered by this tax on gross recelp.s
'ty All other real estate and persona
of property of the owner of any cana
he shall be locally assessed and taxed
De 5, ALI sugar refineries, rice mills
ne cotton seed oil mills, cotton seed OF
'er refineries and refineries Of petroleum
es' and it's products shall be assessed o.
H. the fair market valuation.
. oh 9. Until otherwise provided by tn
nf General Assembly by a vote OF wv
ors thirds of the members elected l.
. each house, all operating mines
sulphur. salt or other minerals, all o
OF or gas wells. all stone quarrles, sane
my gravel and shell pits shall be take
Sc upon percentage of the gross valu
. Of the product at the mouth CT III
At mine, we'll, quarry or pit. This pc
lis. centage shall not exceed five pe
or cent for sulphur; three per cent II
the salt: two and one-half per cent Il
ion oil and gas. and two per cent II
ute rock and other minerals, inclusive
ice gravel, sand and Shells TMs Il
A Shall not apply to the product OF al
III mines, quarries or pits or oil or q
ecu wells. where the owner. other ths
I'M public service corporations, uses Il
MS same for his personal purposes al
does not sell the same or its pr
ducts or manufacture the same in
another product for sale. Where grs
as ell, sand or shells are taken from T.
ex. beds of public waters, ORION snor
hall not subject to private ownership, L
1st General Assembly may levy spec
be- taxes per cubic yard of material ts
irst en- out and may levy different sp'
and ial tax for each of said objects
'irst taxation. The Government OF
ear. limited states for any purposes, a
hall contractors engaged in the constr'
for ton of any public work for the 81:
ess- or for the United States solely
ocal the purposes of such public work {
pee authorized to take free from taxat
lthe gravel, shell or sand from the bf
wise Of public waters and the public sho
sub If the State. Every citizen of
dis. state shall have a similar right
ions, take such materials for his own !
Il be sonal use free from taxation, uni
CO. thew are taken for sale. All 7
and personal property Of the own
SHALL OIL SuCl lulucS, WC1l'' H'A'sA 49,
oper. except machinery. tools and I'M
.tely, ments absolutely essential to the
have Grafton of any mine, oil or gas "
ssion stone quarry, sand. gravel or s
orpo. bit. and except the products tn
both selves while in the hands OF the
s. to Queer, shall be locally assessed
S, or taxed.
crest 10 All real and personal prop
other reserved for local taxation shall
assessed at such percentage not
,e as. exceed 100 per cent Of it's fair
,,dors ket value as each local COVER
a. authority may establish, and lc
;vided percentage may be established
,f rea, personal than for real propert!
taxed for the values of improvements
ms Of for. land values.
their II. In all assessments OF reai !
bad erty whether for local or Tor
IS the purposes, the value OF the land
scribe, be assessed separately from the
. only of the improvements; but ram
d pro. pipe line and canal rights OF
, the whether held in fee or under
khold- ment, may be assessed separ
from, or together with, the mi.
, firms ments thereon as the Tax Comm
ssocia' may deem most pl""''oa'i0'
sha|l 10 Assessments shall be ARA