The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1912-09-07


new canals for irrigation, navigation
and power purposes to be completed
within five 90 years with capital
Of not less than five m naicafe as pro-
yided in the general election laws OF
the State whether he votes Tor or
against the proposed amendment;
THOMAS c. BARRETT,
Lieutenant Governor and President
VI '"e ~ L. e. THOMAS.
Speaker of the House of Represen-
Approved: August 24th. 1912;
Governor Of the State of Louisiana
. ''se wy ALVIN e. HEBERT.
Secretary of State.
ACT no. IL.
Senate Bill No. s. BY Mr.. yoegtle
Joint resolution proposing an amend
ment to the Constitution of the state
of Louisiana exempting from taxalion
the legal reserve of life insurance com ON.
panies organized under the laws OF this
Section L. Re it resolved by the
| General Assembly of the State OF LOU
| isiana, two-thirds or all the menus" ws,as
| the following amendment t. the Con
| stitution of the State be submitted 70
| the qualified electors of the state 1or
4 AQOUIlOn
| greseional election to be held on the
! first Tuesday after the first Monday in
| the month of November. 1912, as Tot
lows:
/ alton the legal reserve of life insurance
companies organized under the laws OF
this State.
etc That the official ballot to be used
1 at said election shall have printe5s
thereon the words: For the proposes
ameudment to the Constitution of the
State of Louisiana exemp.ing, ' l,sa a.; n,'
surance companies organized under the
laws of this State" and the WORDS:
i Against the proposed amendment to the
Constitution of the State OF Louisiana
exeYnpting from taxation the legal re-
; serve of life insurance commands OF,
, eanized under the laws or TINS state
And each elector shall Indicate as pro,
, vided by the general election laws OF
. the State. whether ne votes for OF
against the prcposed amendment
, THOMAS c. BARRET.
Lieutenant Governor and President
OF 'he Se"As L. e. THOMAS.
: Speaker of the House Of Represen-
Approved: August ssth. ,sI A.,n
i Governor of the State of Louisiana
Il A true copy: .v,>- = urprpr
l oeCtc toAy - 1890
| ACT No t2.
e House Bill No. 2. BY Mr. hoper.s
I Joint resolution submitting to the geo
!. ple of Louisiana an amendment 10 IN
Constitutie reorganizing anu re, MOI ta4
e Section !. Re It resolved by the Gen
9 eral Assembly Of the State or Louis aa.n
!. two-thirds Of all the members electe
d to each House concurring, That the FOL
= Lowing amendment to the Constitution
II the State of Louisiana be and the sam
n is hereby submitted 70 me qua, ,es,, s,us
ID election to be held on the first Tuesda
r. after the first Monday in the month
II November. in the year 1912, to-wit;
10 Article I.
ID 1. The taxing power shall be excl
l. cised by the State and by its subdivis
g. lions for public purposes only.
be 2. The taxing power shall never
q. ted or contracted away. but where pa
ie fishes or municipal corporations sha
N grant exemptions from parish or nun
ne lcipal taxes for period not to exceed =
m wears from date Of completion to ei
RI courage the establishment OF fndustri
r enterprises or similar exemption to In
e. migrants Of the value aided by tnem
H. vacant property owned and occurred as
NJ homestead. such exemptions shall not
he withdrawn either as to enterprises e
he ltablished or substantially begun In go'
r. ailv acquired and improved or in go.
r. faith begun to improve their Homestead
"a since the granting of the exemption. T.
IL General Assemtlv on behalf of the Stat
- M fie governinr authorities of all SUI
ch divisions Of the state on behalf NJ SUI
q . s,bdfvisiou NAV defer for not more tn:
VS. three years the collection OF taxes In ]
or calities subjected to overflow or 9th
VI na,hiic caiemity'
The General Assembly shall ha
no -or ~ classify ali property for tax
tSon ana r., adopf difYerent rules a
ratas for dtfSerent classes. but such rul
and rates shall be equal and uniform
all e,,hSecfs ~ the same class througho
an al. t.y,storsar limits of the author
i,evv,ne fhe tax. All such cIassifiaatio
sha,i he based on the characteristics
the properfy itself or its use, and new
On persons or ownership.
4. Except in case Of foreign invasi