The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1912-08-31

/ IN y
from the date of completion certain
| new canals for irrigation, navigation
and power purposes to be completed
within five 90 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 1pTp9s ! a = = It.,
Lieutenant Governor and President
| of the Senate.
/ L. E. THOMAS,
Speaker Of the House of Represen-
| Approved: August oath, 1912
| Governor Of the State of Louisiana.
| A true copy:
| Secretary of State.
ACT no. IL.
| Senate Bill No. 8. BY Mr.. Voegtle.
! Joint resolution proposing an amend
ment to the Constitution of the State
OF Louisiana eXempting from taxation
the legal reserve of life insurance COM
State. :. s' 80
Section /. Be it resolved by the
General Assembly of the State of Lou
isiana, two-thfrds of all the members
| 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 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
laws Of this State and the words:
Against the proposed amendment to the
Constitution of the State of Louisiana
exempting from taxation the legal re-
serve Of life insurance companies or
ganized under the laws of this State. z
And each e1ecter shall indicate as pro-
vided by the general election laws OF
the State, whether ne votes for or
against the proposed amendment
THOMAS C. BARRETT
Lieutenant Governor and President
L. C. THOMAS,
Speaker of the House Of Represen-
Approved: August gath, 1912
Governor of the State Of Louisiana.
ALVIN e. HEBERT,
Secretary of State
House Bill 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.
Section /. Be it resolved by the Cen
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
the State of Louisiana be and the same
is hereby, submitted to the qualified cleo,
election to be held on the first Tuesday
after the first Monday in the month of
November, in the year 1919, to-wit:
Article |.
/. The taxing power shall be exer-
cised by the State and by Its subdiyts-
ions for public purposes only:
e. The taxing power shall never be
surrendered, suspended, given, commu-
ted or contracted away; but where par
fishes or municipal corporations shall
grant exemptions from parish or muni-
cipal taxes for a period not to exceed ten
years from date Of completion TO en-.
enterprises, or a similar exemption to inn
migrants of the value added by them to
vacant property owned and occupied as
homestead, such exemptions shall not be
withdrawn either as to enterprises es-
tablished or substantially begun in good
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
three years the collection of taxes in 10
caiities subjected to overflow Or other
public calamity.
9. The General Assembly shall have
power to classify all property for taxa
ton, and to adopt different rules and
rates for different classes, but such rules
and rates shall be equal and uniform on
all subjects Of the same class throughout
the territorial limits OF the authority
levying the tax. All such classiications
shall be based on the characteristics of
the property itself or It's use, and never
on persons or ownership.
/ 4. Except in case OF foreign invasion
Or domestic revolution, the General As
sembly shall not na.ye power to levy
any ad valorem property tax in excess of
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
thirds of all the members elected to each
house thereof.
Article II.
/. The sources of State and local rev.
enue shall be segregated and, except as
hereinafter specified, or as may be here
after permitted by a vote OF two thirds
of all the members elected to each House
of the General Assembly, each taxing
authority shall be restricted in taxation
tossfts own sources Of revenue as herein
assigned.
:. 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-
vided for.
End All corporations, private persons
and unincorporated associations that OPP
crate any railroad falling under the juris-
diction of the Railroad Commission of
Louisiana: street railroad; combined
street railroad and electric light and
power business; heating or refrigeration
plant {not inclusive of cold storage
plant): telephone line; telegraph line
whether wireless or otherwise: express
line dining car, sleeping car, oil car, re-
Hrigeratfng car. or cars for any other pur-
pose operating upon railroads in this