The St. Mary banner., 1912-09-07

migrants ~ the vsi,;e added nv thrr. 70
vacant prepert,- owned ana o,clpie. as a
homestead sunh ..e,nrriors shan NOT he
Wit EGrawr either as rn enta,priSes n~-
ia hIishcd or slIhstanliaIfv begun in good
faith. nr to Immigrants who lEtlc artr-
an, acnlirpd ana improved or il, .,,,ni
faith Lcgun "a improve their hrn4e.t..ra~
since tho granting Of the cNe,npiinn III,
General Assembly ON brh,lf IF tho state.
and the governing authorities nG .,u sub
divisiors of the state on her,.,lr af ~,r,.r
subdivision play defer fn,. NOT tu,.r. ~ .tf.
rIirrn Years the c"IIcctiou Of ra>ee ~ In.
caIities sIIbi4ctod L. overflow nr ofhrr
n',iIic ,,I.,,'itl
Tho tf.n.r;tl Assembly shall l.,;.
nov-er To- classify aU r1operiy for l.\.,-
t,on and tn 4dort different 1.Iias afl
rates for dftterent classes h,r Nuci, rs!',-
ar1 rates shall ho cut,tI md IItiir.,,n ,,rr
All subjects nf the SAM. c}.ys thrnughnri
the territorial limits uf tn. anthnirv
Lowing the tay. An such clasgffir;ttf,l}-
sI,au he baseI on tlc ,Iar;tcteri.tirS -,
ti'" n,nnerty itself nr lis Ilse ana o.,r'
or, norsnrs or owuerslin
4 'Except in ease Of foreign invasion
or domestic. revolution. tho General As,
eenhIy shan not have. uuvcr Ia low
any Ia v,lor.1n uroncrtv tax i'm r\c-.;s %.
four r"r cent: but tlle General Assembly
shall not exceed the rate Of two and one
half per cent except by Il vote. Of two
thirds of all the members elected to each
Article II.
|. The sources of State and local rcy-
enue shall he segregated and. except AZ
hereinafter specified. or as may hr here
after permitted by vote of two-thirlS
nf all the members elected To each House
of the General Assembly. each tANn@
authority shall be restricted in TAXATION
to it's own sources Of reVenu" 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 he the sources If
State revenue:
1st. The special taxes hereinafter pr"
vided for
End. All corporations. private pcrsnn-
and unincorp"rated associations thar op-
crate any railroad falling under the uIriS-
diction of the Railroad Commission of
louisiana: street railroad combined
street railroad and electric light ana
power business; heating or refrigeration
plant fnot inclusive OF cola storage
plant; teephone me: Telegraph line,
whether wireless or "therWlSr: express
line. dining car, Sleeping car. on car 80"
frigeratinG car. or ears for any other rUr-
pose operating upon raliroads In tins
state: steamboat. motor boat steamship.
ferry. barge, and tug. or other water
craft. where operated for hire. canal Tor
tranSnoftaton or lrrlgatlnh' ana PIPE IN"
for oil or gao When the electric light
and power business conducted in con
junction with any street railroad can he
practically severed from the street rail
road business for purposes of assessment
then such severance shall be made by
the Tax Commission and such electri"
light and power business shall not he a
source of State revenue.
3rd. All banks. state and National.
including savings banks. trust banks and
trust companies. and all private bankers.
uhet her individuals or partnerships. save
that the real estate Of all banks ana
bankers shall be locally assessed and
taxed. The assessments of The real
estate of banks and bankers shall be
enualized annually by the Tax Commits
sion to the basis established and in vogue
in each locality where such real estate
is located.
4th All insurance companies iOClUd-
ing bonding and surety companies. for
eign or domestic and all persons and
partnerships engaged in insuring persons
or property. save that all the real estate
and corporeal property Of such companies,
persons or partnerships shall be locally
AZ" .nAe'' ; ;ls
cot,nn sead rii n,i,,s nnt,on sead oiI re-
sn.rias a,,a rae,,ar;os of natrnra,n, ana
its products. A sugar refinery is hereby
defined to he a concern that hlrys and re-
fines raw sugar exclusively or a concern
that buys and refines more raw sugar
than the aggregate of the sugar produced
by il from cane grown and purchased by
it.
6th All mines OF sulphur, salt or other
minerals all of or gas wells all stone
quarries. sand gravel and shell pits.
). Only the operative property of stat"
sources of revenue shall he segregated 10
the state. The General Assembly shall
define. in manner not inconsistent with
any provisions of this amendment what
the operative property of each such
source is. Real estate and the improve
ments thereon forming part Of amy rail
road terminal depot or yard or ware
house or shop. acquired after July J.
1912, even though II may form part of
the operative property of any railroad.
shall not be considered a sonrc" OF state
revenue except hv constitutional amend
ment unless such property had been.
prior to said date, part of a railroad ter
minal depot. ward. warehouse or shop,
4. All other property subject I" taxa
tinn. eXcept as herein srecitied. or except
as may hereafter be directed by vote
nf two thirds of all the members elected
to each house Of the General Assembly.
shall be sources of local taVatiOn.