The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1912-10-05

new canals for irrigation. Navigation
and power purposes to wi De eom rpanital
of not less than five million dollars.
And each elector shah 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
I. e. THOMAS.
| Speaker of the House of Represen-
Approved; August s4th: 1 Z HAL.
Governor of the State of Louisiana
' ALVIN f. HEBERT.
Secretary of State.
ACT no. IL. \
i Senate Bill No. s. BY Mr.. vcegtle.
Joint resolution proposing an amend
ment to the Constitution of the state
of Louisiana. exempting from taxation
the legal reserve of life insurance com
nanies organized under the laws OF TINS
Section 1. Re 1t resolved by the
General Assembly of the State of Lou
isiana two-thirds of all the members
elected to each house concurring. That
i the following amendment to- the Con-
stitution of the state be submitted 10
the qualified electors of the State FOR
their adoption or rejection at~the con-
| gressional election to h. held on the
first Tuesday after tn first Monday IN
the month of November. 1872 as FOL
| lows:
There shall be exempt from all tax
alton the legal reserve of life insurance
companies organized under the laws OF
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 propos SEA
State of Louisiana exempting from all
. taxation the legal reserve OF Ire IN
surance companies organized under the
D laws Of this State" and the words
: against the proposed amendment to the
o Constitution of the State OF Louisiana
: exempting from taxation the legal re-
r serve of life insurance COMPANIES or.
9 rnnize6 under the laws of this State"
: And each elector shaft indicate as pro.
o vided by the general election laws OF
: the State. whether ne votes Tor OF
against the prcDosef amendment
a THOMAS c. BARRET.
: Lieutenant Governor and President
'Ae 1. e. THOMAS.
/ Speaker Of the House of Represen-
9 Approved: August Path, 1sls 1.,,
d Governor of the State of Louisiana
= a ''1' '' ALVIN T.. HERBERT.
Secretary of State.
e House Rm No >. BY Mr. Roberts.
1t Joint resolution submitting to the peo-
2. pie OF Louisiana an amendment To the
q Constitute reorganizing anu re,, ~ tars
lie Section !. BE It resolved by the Gen.
Is eral Assembly of the State of Louisiana
n ltwo-thirds OK all the members elected
ID to each House concurring. That the fol-
= lowing amendment to the Constitution o.
Al the State of louisiana be and me same
n Cd the qualified cleo
r. tors of the State at the Congressiona
ID election to be held IN the first Tuesda,
after the first Monday II a,s the to mSnth
I'd 1. The taxing power SHAH be ever
u cised by the State and by its subdivis
s. ions for public purposes only.
be Q The taxing power shall never b.
surrendered. suspended, given. comnu
d. ted or contracted away: but where par
ne ishes or municipal corporations shal
IN grant exemptions from parish or mum
ne cipa1 taxes for period not tn exceed tel
m years from date Of completion TO en-
r. courage the establishment OF industrial
r. enterprises. or similar exemption to i'm
e. migrants of the value added by them I
IL vacant property owned and occupied as
n homestead, such exemptions snar, mol % .
he tahlished or substantially begun In goo
IN faith, or to immigrants who have actu
r. allv acquired and improved or In goo
e. since the granting of the exemption. TIL
IL General Assembly on hehaif of the State
n end the governing authorities OF all sub
q subdivision may defer for not more tina
VS. three years the collection OF taxes In 10
Or calities subjected to overflow or othe
public calamity.
The General Assembly shall hav
lpower to classify ell property for taxa
ton, and to adopt different rules an
rates for different classes. but sncn RUE
all subjects of the same class throughou
the territorial limits of the authorit
levying the tax. All such classification
shall be based on the characteristics {
the property itself or its use, and neve
on persons or ownership.
4. Except in case Of foreign invasio
or Domestic revolution the General As
sernbly shall not have power to lev
- any al valorem property tax In excess :
er four PER cent: but the General Assembl
2, half per cent except by vote Of two
~ thirds of all the members elected to eac
" house thereof
,u, 1. The sources Of State and local rev
tai enue shall be segregated and. exccnt q
,ty hereinafter specifed. or as may be here
ne after permitted by vote of two-thirt
m of a., the members elected TO each Hous
on Of the General Assembly. each taxin
,sh authority shall be restricted In tavatic
W, To ~ own sources Of revenue as herei
ma as-igned.
orn 2 Until otherwise provided nv p vo'
ar Of tvo-thi-ds of ALI the members electe
ION to each House Of the General Assemb
IN the srllowing shall be the sources I
State revenue:
las lst. The special taxes hereinafter pr
res virei Cor.
nd 2nd All corporations. private person
on. end unincorrorated associations that OF
lde crate any railroad failing under the juri.
al djcfior Of the Railroad Commission
iLouisiana: street railroad; combine
ted street railroad and electric light ar
I"n power business: heating or refrigeratic
ltv plart mot Inclusive OF cold storae
nj plant) telephone line: telegraph lin
whether wireless or otherwise: expires
IN lime. dining car, sleeping car. oil car. n
Is frfRerating car or cars for any other pu
srs pose operating upon railroads in tn