The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1912-10-26
- ,no,v,oea pronss ,sss the as.


eolIpaJ value OF real estate locally as
8 se ssed and taxed, and less such furthe!
ogsISmctfans az not less than nVe per cen
4 u mar loans and discounts to cover bae
~ pic and unearned interest as the Gen
+ os 81 Assembly may prescribe, which de
et tsatto o1 shaM be made only from theil
onrnins and undivided profits; all taxes
~ pe maid by the banks and charged tt
me stockholders. e.,
ond unincorporated banking associations
taa,1frlled In this State, shall be assessed
~ the amount Of capital surplus anc
u,,,n,divided profits actually employed IN
.hair business, less the assessed value OF
rsai estate locally assessed and taxed
i act,ally and exclusively used and en-
Moved in their business, and less such
tmrfher deductions not less than five pei
nent on their loans and discounts to
Ever had debts and unearned interest as
tbs General Assembly may prescribe,
a,htch deduction shall be made only from
.tefr surplus and undivided profits.
" y Foreign banks and individual bank
ave- banking firms and unincorporated
banking associations, dontcfled out of the
Stare but doing business in this State.
shall be assessed on such proportion of
their capital, surplus and undivided
orofts as is actually employed in this
state. less the assessed value of real es-
5tafa locally assessed and taxed, actually
and exclusively used and employed in
their business in this State, and less
such further deductions, not Tess than
ssva ner cent on their loans and dis
eomnts to cover bad debts ana unearn-
= ad interest as the General Assembly
mav3 prescribe. which deductions shall
he made only from their surplus' and I'M
divided profits
4 insurance, bonding and surety COM
nantes, and persons firms and associa-
lions engaged in the insurance, bonding
and surety business, excluding however,
fraternal insurance companies and asSo-
Citations shall be taxed on percentage
sof their gross premiums received upon
their business done in this State. less
return premiums and reinsurance In com
NAMES or associations authorized to do
business in this State. The percentage
aforesaid shall not exceed three per cent
f0r all branches of insurance, bonding
and surety business, except life and
Industrial insurance and shall not ex-5
coed two per cent for life and industrial
Insurance The special taxes to support
The Office Of fire marshal and fire pre-
yention bureaus shall not be deducted
from the premiums hereby authorized to
State or country any taxes, fines, pen
alties licenses, fees, deposits of money
or Of securities, or other obligations or
prohibitions are imposed on insurance,
bonding or surety companies of this State
doing business in such other State or
country, or upon their agents therein IN
excess Of such taxes, penalties, fees, IL
censes deposits of money, or Of securi-
ties or other obligations or prohibitions
imposed upon such. insurance, bonding
or surety companies of such other State
or country, SO long as such laws continue
In force the same obligations and prohi-
billions of whatsoever kind may be i'm
posed by the General Assembly Of this
State upon insurance, bonding or surety
companies Of such other State or country
Saf, L,,-i, 9,, 1T
8T. Irrigation canals shall be taxed ON
o percentage not to exceed two per cent
of their gross receints, only such zeal es-
tate and the buildings and structures
thereon, rights Of way, machinery, tools |
and implements as are necessary to the !,
In and covered by this tax on gross re-
ceipts. All other real estate and personal |
property of the owner of any canal shall I
be locally assessed and taxed.
All sugar refneries, rice mills, cot
ton seed Oil mills, cotton seed oil re-
finerfes and refineries of petroleum and
Its products shall be assessed on the fair
market valuation.
9 Until otherwise provided by the
General Assembly by vote Of two-thirds I
Of me I. members elected to each house, all
operating mines Il OF sulphur, salt or other
minerals, all oil or gas wes, all stone
auarrtes. sand, gravel and sf5-,l pits shall
be taxed upon percentage the gross
value Of the. product at tho mouth of
sne mlne, Wen, quarry or pit. This per-
sulphur. three per cent for salt: two and L
one half per cent for OIL and gas. and
sWo per cent EoT rock and other minerals
s ln ss, of grayel sand and shells. This
4 w, ,ss snall. nos APPLY 70 the product Of amy
wllsrs thu other Than public se ssr.s
wee corpora tions uses the same Tor His |.
personal purposes and does not sell the
sine saai O. 3its products or manufacture the
nj, into another product for sale.
f T,sis IL sfaYsl sand or shells are taken
shs not subject to privatef ownership,
the General Assembly NAV ( Wv snecia1
axes as Per cubic yard of md krial taken
~ ~. a. ana may levy different Especial tax
sa,,e enell ~ salo objects of taxation The
m s',,'1 Of the United States for anv
p w 3 and contractors engaged In fhe,
ee9a asa e of any public work for the
s ne OF for the United States solely for
fbar,so5 pos a q such public work are an
s grs,,a, IL take free from taxattn
I nubii 6 waters and the public shSres n
s she,, STATE Every citizen of ne State J,
s s.a y nave similar right t. take si,ch
.s, 1als for his own pe-sonal rse free =
ssla .atSmatlon, unless aey are taken for
tha ou 1s is ss ans PERSONAL property OF !
ena owners . OF such mines, wells, qua rries
n nla m,s. except machinery, tools and i'm
pr absolutely essential to the on
AZ $500. ~. oi any mine. oil or gas we'll stone
s cass 7, Z, SAND gravel or shell DIT. and ey
M W products themselves while IN .
s aity aanus Of the producer, shall be To-
~, I, assessed and taxed - I
sar,,aa ~ 81 real and personal property re-
u ssia w. lot local taxation shall he assasse7 l
rsn su " ], percentage not to exceed 100 mar
pai enya a,s lalf market value as each To- !
M soy,srning authority may establish
isb lowe. lower percentage may be estah, !,
y ~ " II personal than for real pronerty !
of land values. oveiilehts imam G
uhathalIn ail assessments Of real nroner4v J.
he vsi,a ior local or for State purposes. =
,enarata,.. OF the land shall be assessed :
tents. M iio " the value of the improve !,
le s.i - Of way, whether held IN fac ar
ran, sas se may be assessed soma tav
herscuv,r together with, the irnproyenoents e
leat, g. ~ the Tax Commissions ,,,.I, | i
'NF 3 most practicable. 'iss'Aoii may K
tra disbursements shall be ARA nra5 zoo p
he raj 10y as FAR as possible either ,1non .
General q 1 upon separate records and fha :
idine for fthhe a shall PASS laws pro- !.
arphlet sar ~ printing and publication In -
uch genora ~, II OF the records. showing J,
mall price. Vi such pamphlets at a +
III, iEverv taxN>xer shall, ro =. v
essna, AZ .'e1stlng the correctness ~ f,is as >
Il I'M = ~ the courts within s,1cf, +tn,a :,
nd M s,.,ieFal Assembly NAV nrascr;I,o. q
I'M II p ey shall be assessed for ! e e
air marks stes IS or the percentage Of its A
overning autbar ue, as prescribed by the :,
ssa state licenses ans rna,o, lie
re- shall be due ans otate