The Rice belt journal. (Welsh, Calcasieu Parish, La.) 1900-19??, 1912-08-30

ALVIN T. HEBERT.
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
naneS organized under the laws OF this
State
Section I. Re it resolved by the
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 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 1t further resolved.
etc, That the official ballot to be used
at said election shall have printed
thereon the words: For the proposed
amendment to the Constitution of the
| 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
And each elect0r 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
of the Senate.
L. e. THOMAS.
Speaker Of the House of Represen-
Approved August gath, 1912.
L. L. HALL.
Governor of the State Of Louisiana.
! A true copy
ALVIN F. HEBERT,
Secretary of State.
ACT No IL.
House Bill No 2. BY Mr. Roberts.
Joint resolution submitting to the peo-
pie of Louisiana an amendment to the
Constitution recognizing and remodeline
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
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 !.
rln fny vi clnl1 1,n
cised by the State and by it's subdivis-
ions for public purposes only
2. The taxing power shall never be
surrendered, suspended. given, commu-
ted or contracted away: but where par,
ishes or municipal corporations shall
grant exemptions from parish or NUM-
cipal taxes for period not to exceed ter
years from date Of completion to en-.
courage the establishment of industrla
enterprises, or a similar exemption to inn
migrants of the value added by them tt
vacant property owned and occupied as &
homestead, such exemptions shall not be
withdrawn either as to enterprises es.
tablished or substantially begun in goot
faith or to immigrants who have actu'
ally acquired and improved or in gooC
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-
calities subjected to overflow or Other
public calamity.
3. The General Assembly shall have
power to classify all property for taxa
ton, and to adopt different rules ant
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
Ilevying the tax. All such classifications
shall he based on the characteristics Of
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 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 vote Of two
thirds of all the members elected to each
house thereof.
I Article n.
!. The sources Of State and local rev
enue shall be segregated and, except a.
hereinafter specified, or as may be here
after permitted by vote of two third!
of all the members elected to each HOUSE
OF the General Assembly, each taxins
authority shall be restricted in taxation
to it's own sources of revenue as hereir
assigned.
2. Until otherwise provided by vote
OF two-thirds of all the members elected
to each House of the General Assembly
the following shall be the sources o.
State revenue:
| LIST. The special taxes hereinafter pro
vided for.
End All corporations, private person.
and unincorpOrated associations that op
crate any railroad falling under the juris
diction of the Railroad Commission O
louisiana; street railroad; combined
street railroad and electric light anG
power business; heating or refrigeration
plant (not inclusive Of cold storage
plant; telephone line: telegraph line
whether wireless or otherwise: expires.
line. dining car, sleeping car, oil car, re,
frigerating car, or cars for any other pur
pose operating upon railroads ip thu