The Era-leader. [volume] (Franklinton, La.) 1910-current, 1912-09-05
ACT NO. II.

ACT NO. IL.
House Bill No. 2. By Mr.. Roberts
JOINT RESOLUTION
Submitting to the people Of Louisi.
ana an amendment to the Con
stltution recognizing and re.
modelling the States system of
assessment and taxation.
Section l. Be it resolved by the
General Assembly of the State of
louisiana, two-thirds of all the man.
Ders elected to each House concur
ring. That the following amendment
to the Constitution of the State of
Louisiana be and the same is.hereby
submitted to the qualified electors
OF the State at the Congressional
election to be held on the first Tues
day after the first Monday in the
month OF November, in the year 1912,
to-wit:
Article l.
l. The taxing power shall be exer.
clsed by the State and by it's sub
divisions for public purposes only.
2. The taxing power shall never be
surrendered, suspended, given. COM
muted Or contracted away; but where
parishes or municipal corporations
snail grant exemptions from parish
or municipal taxes for a period not
10 exceed ten years from date of
completion to encourage the estab-
llsnment of industrial enterprises, or
a similar exemption to immigrants
OF the value added by them to vacant
property owned and occupied as a
homestead, such exemptions shall not
De Withdrawn either as to enter.
prlses established or substantially be-.
gun in good faith, or as to immigrants
VINO nave actually acquired and i'm
proved or in good faith begun to i'm
prove their homesteads, since the
granting of the exemption. The Gen.
eral Assembly on behalf of the State.
and the governing authorities of ali
subdivisions Of the State on behalf
of such subdivision, may defer for
not more than three years the col.
lectlOn OF taxes in localities subject.
ed to overflow or other public ca
(amity.
3. The General Assembly shall have
power to classify all property for tax
alton, and to adopt different rules
md rates for different classes but
such rules and rates shall be equal
mo UNIFORM on all subjects OF the
'ame class throughout the territorial
limits Of the authority levying the
az. ALI such classified tons shall he
'ased on the characteristics OF the
itself or it's use. and nav.
II on persons or ownership.
4. Except in case Of foreign fnya.
'son or domestic revolution, the Gen.
70! Assembly shall not have power
Q levy any ad valorem property tax
q excess Of four per cent; but the
teneral Assembly shall not exceed
ne rate OF two aud one-half Der cent
kept by a vote Of two-thirds of all
ne members elected to each house
hereof. ''o
Article II.
l. The sources Of State and loca,
evenue shall be segregated and ex.
ept as hereinafter specified or AZ
Jay be hereafter permitted by
Dte OF two.thirds Of all the members
ected to each House Of the Gener.
Assembly, each taxing authority
lall be restricted in taxation to it's
"n sources of revenue as herein
'signed.
2. Until otherwise provided by a
ne OF twothirds of all of the mem.
rs elected to each House of the {
eneral Assembly, the following
all be the sources of State reye. I
e:
lst. The special taxes hereinafter /
divided for. :
Ind. All corporations. private per. +
Us and unincorporated associations
1t operate any railroad falling un. 8
the jurisdiction of the Railroad e
mmission Of Louisiana; street rail- II
a.; combined street railroad and c.
ctric light and power business: s.
ating or refrigeration plant. mot 5;
'lusive of cold storage plant: tel. Il
1one line: telegraph line, wheth-
wireless or otherwise: express 81
e. dining car, sleeping car, oil car, nj
rigerating car, or cars for any tn
er purpose operating upon rail. a,
as IN this state; steamboat, mot. al
boat, steamship. ferry, barge and ii,
:, or other water craft, where Cd.
ted for hire, canal for transporta. til
or irrigation, and pipe line for nj
or gas. When the electric light an
power business conducted in con.
ction with any street railroad can tif
practically severed from the street al,
road business for purposes of as.
sment then such severance shall re
made by the Tax Commission and ";
b electric light and power business
II not DE source Of State reye. civ
I'd. All banks, State and Nation. "a,
including savings banks, trust No,
ks and trust companies. and ali ~
ate bankers, whether individuals an
partnerships, save that the real NJ :
tie of all banks and bankers shall an,
locally assessed and taxed. The or;
OF the real estate ~