The Caldwell watchman. (Columbia, La.) 1885-1946, 1912-10-11


sessed and taxed and less such further
deductions Of not less than five per cen,
on their loans and discounts I" cover pau
debts and unearned interest as the Cen
eral Assembly may prescribe. Whlch az
duction shall be made only from thei
surplus and undivided profits; all taxes
I To no paid by the banks and charged TO
the stockholders
T. Individual bankers. banking nTnls
and unncorporated banking associations;
lCmiciled in this State, Shall be assessed
| ~, the amount Of capital, surplus ana
| undivided profits actually employed III
| their business, less the assessed value OF
real estate locally assessed and tax"d.
actually and exclusively used and en-
ployed in their business. and less Such
! furthc deductions not less than five per
cent on their loans and discounts t"
cover bad de;ts and uUearncd interest as
the General Assembly may prescribe,
which deduction shall be made only from
! their surplus and undivided profits.
! :. Foreign banks and individual bank
ers. banking firms and unincorporated
hpnkiug associations. domiCilcd out Of the
state but doing business in this state.
shall be assessed ON such proportion OF
their capital. surplus and undivided
profits as is actually employed in this
state. less the assessed value Of real es-
tate locally assessed and taxed. actually
| their bushes" in this State. and less
sucl further deluctiora, not less than
five pcr cent on their loans and dis
counts. to cover bad debts and unearn-
cd interest as the General Assembly
may prescribe. which deductions shall
be made Onv from their surplus and UNI
divided profits.
t. Insurance bonding and surety COM
ranics, and persons, firms and associa-
tons engaged in the insurance. bonding
and surety business. excluding however,
traternal insurance companies and asso-
/ Citations. shall DC taxed on percentage
of their gross premiums received upon
their business done in this State. less
return premiums and reinsurance in COM
panics or associations authorized to 90
business III this state. The percentage
aforesaid shall not exceed three per cent
fo" all branches of insurance. bonding
and surety business. except life and
industrial insurance and shall not eN-
coed two Fer cent for life and industrial
insurance. The special taxes to support
the Office of fire marshal and fire pre-
venlion bureaus shall not be deducted
from til" premiums hereby authorized to
he taxed. When by tho laws of any other
/ State or country any taxes. fines, pen
altics. licenses. fees. deposits of money
or Of securities. or other obligations or
',Drohibitipns are IMPOSED on insurance.
D'nulllS OF surety collNanifS ~ TINS state
doing business in such other State or
county. or unon their asenfs therein !, IN
excess Of such taxes. penalties, fees. IL
censes. denosits Of money, or of s2curi-
tics, 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 WhatspeIer kind rl"T be In
Z npSp1 IV raj tssD.nhiy- Of mi G
state unon insurance. hCn''ing "r surety
""N'naniaS 81 such "th"r state or country
DONG T'Sl""SS " rvs SIT"
}. irrigation canals shall No faxed on
"a percentage not to exceed tw" Tor cent
i'f their gross rece'nts. only such real es
tate and the buildings and structures
thereon. rights Of way. r>achnery. tools
and i"lpien'"nts as ~" ret"ssary to the
"D"ratinr OF any caNH' shall he included
/" ana Cn"e~"d by this tax on gross re-
GENTS. All other real eaiatn and personal
'rrOnertr Cf the owner Of any canal shall
be loc''y assessed an" tay"l.
\. Al Su"ar refneria". 'icc mills. cot
| IN SEED oil mills cotton seed oil re-
'inerics a"d ""'iToriec Of n"ot"n'e">, "n1
market vnluation.
p. intl otherwise rrnvidnd by tho
General Assembly By y vote of two thirds
Of the uen'>n"s eected :" eac, h"uro oil
operating mines of sulphur. saFt or other
/ minerals, HH OF or gas vols. all stone
"uarrias. sand. gravel and shell rits ekn'I
he taxed u"on nerc"ntagn Of the cross
"a'ue Of the product at tHc r1"rth ct
the niue w"ll. quarry ar nit. This per-
| ccntape sh"!i not exceed five ""r cent TO-
suphtr: three yer cent for sat; two and
1ne-haf ne" cent ar oil "N' ""s. ard
'Wo n"r cent FIR rock and "'he" ''line"'lS,
| Inclusive IF crave. sand md she''s This
49,. sl'al n"' "H''1- :" the ~"H''unt of a"v
'n''cS. ''"1f'l9i ''r ~ "F ~ "r F's wells,
whe"" Nv" "r'r"r. other han rrblir se"-
zee corporations. n'"T u" sH''e f"r h''
'""Nl't 'u"f"'' 'hh zoos not sol' ~"
'"'n" ." IT'S h"' vets %" r,.rufa"fnre the
! e mo "hotNe' rro' '',' tHr '"'e,
mere "r''r'' S"hi - SN"'2 are token
'""n' the oe'% ~ N"olc ""'e"s q" frN''
SloreF not "uh7e"t II n''ratn owne"shi".
u" 'ienefa' f"se"lh'" nav low sne"Iai
'eS 'eF 'NIc 'H nl'te'l"' fNf"H
nn' ono nr'E cFN ''n"'"nt """clai '"T
! w." e'"A ~ So" "N1""'r ~ ovation. The
| '''ef'''eh' i i"' "'"t Sf"f"S tor aH'
"''NHsHS. "n,' ""n'"act""s engaged In the
lr0"1tiGict1H" "f az "'''''" YORK f"r I've
/ ate az TOR the Fitted states solely fol
l. "" "''ns' o! CIV" ''N'" "H"E 49," -
. 'nN'Hf"I " liFP l"'" lrn'1 .iT"tiof
/ i.""N'i. sre'' ~ "H"" fr"rl me N"'S 81
! '''i" wafer ana ~" hub !" "hor"S ri
! me STATE. EV"'F ri''"'n "t wa, Sf"'
eh"i hove si"1ilar RIGHT 10 take sucf
"'Hterl1ls f"r MS own ""rSN""i -" free
! from t'"athn unless they arc taken fo'
! ~a'". All req ana rH"7"n3l '"orertv o.
the overs ~ surh ',',r"% WH'". "rHr"'H'
and rits. eNCert n'achine"v. trcls nrd i'm.
"'er'e1ts ahs"')rt"'v e-~"nti'l tn The on
! ernti'N Ct arv wine oi 60 as "'el. lowe
| qua ~ SAM" "r|VHl -" shell 1t. ""l er
cent ne prNf""fS fh"mTo'rer '''H"a II
~" hands NJ f"" ''"N''ucer, shall be 10