St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1912-10-26

governor Of the State Of Louisiana. {
ALVIN E. HEBERT.
Secretary OF State.
ACT NO. II.
House Bill No. :. BY Mr.. Roberts
Joint resolution submitting TO the
ueople Of Louisiana an Amendment
remodeling the States system OF a.
sessment and taxation.
Section 1. Be Il resolved BY the
General Assembly Of the state OF
Louisiana, two-thirds Of all the mon-
bers elected to each house coocnff-
ing. That the following amendmen&
to the Constitution Of the State q
Louisiana be ana the same = Aeeea0
submitted to the eualffled sasceer1 -
the State at the CeAsreoDaeaaa dec.
ton to be held % The 1rse Taeo6ae
after the first neA&ay n 0e DsofA
of November, lSl2. ta-Wtt:
ARTICLE I.
1. The taxing power aAan - exa
ercised BY the state and By - Ssh
divisions for public Das1ssss eniE.
:. The taxiAs power shall 1eves
be surrendered, susceaded. Sfva1
committed or contracted away: but
where parishes or municipal corpor.
ations shall grant exemptions from
parish or municipal tas0 fse q.
period not to exceed ten ysASe 0s0
date Of completion 70 saeelEaee Ae
establishment Of industrhf e1teE-
prises, or . similar exemptioA - Inn
migrants of the value adde1 By them
to vacant property Ovne4 s0na &C.
cupied "a . Homestead. seaoA ekr
emptions shall not b. wtkAdpAwn
either as to enterprises establisAeA
Tor substantially begun in geea faith.
or As to immigYsRts sWhe Aava N
tuAlly acquired and imp1eyeA OF II
good faith begun to impreye their
h0mesteads, since the granting OF
the exemption. The 0epsfql A.
sembly on behalf OF the Seate, aad
the governing authorities Of Ill sub
divisions of the 4State on behalf Of
such subdivision. may defer for NOT
moro than three years the eeliectien
Of taxes in localities auhieetad to
|overfiow or other public calamity.
3. The General Assembly shan
have the power to classity al mop
ferent rules and rates tor ,Af6eSeat
classes. but such Jules and sakes shall
be equal and uniform ON ali snh3eets
Of the same class threugAolt the ter.
ritorial limits Of the Authority levy
ing tar. All such clas1ifleatiens lall
be based on the characteristics -
1.-THE property itself Or itss 1els GnA
never on persons or ownership.
1. Except, IN cas- Of sfovelm, In
vasion or domestic fesolut1eA. the
General Assembly shalt net have
have power to levy .any q seaiple1
property tax IN excess ef NoersD1D
cent. but the General Assenhay d1oM
not exceed rate Of two and e1e-haif
per cent. except BY vote Of "a
OF all the members elected e eA9h
house thereof. f
ARTICLE II.
/. The sources ef.Staae and local
revenue shall DO seg1eDated anl. e.
cept as hereinafter specified. o. a.
may be hereafter permitted b.
vote Of two-thirds Of all the MON bs,s
elected to each House 0f.tAe General
Assembly, each taxing nutloTitx
shall be restricted in taxation - IT.
own sources OF revenue a. herein
assigned. syl
;. Until otherwise provided b. .
vote Of two-thirds Of al Of the mem
bers elected to each House OF the
General Assembly, the following
shall be the sources of State reveane:
1st. The special taxes herein
after provided for. !. is
I'd. All corporations, prlvate per-
sons and unincorpofated associations
that operate any railroad falling an
der the Jurisdiction Of the Railroad
Commission OF Louisiana; street rail-
road: combined street railroad ana
electric light and power business;
heating or Refrigeration plant, (not
inclusive Of cold storage plant); tel
Fephone line; telegraph lins; vheth-
| er wireless or otherwise: express
line. dining car, sleeping car. oil car,
refrtgerattng car. Or cars for any
other purpose operating upon raif.
roads In this State: steamboat, ne
tor boat, steamship, terry. barge,
and tug. or other water craft, where
operated for hire, scanall for trans-
portation or irrigstion, ana Pipe nae
for oil or gas. When the electric
light and power business conducted
In conjunction with any street. ran.
road can be practically severed from
the street railroad business for Dur.
poses Of assessment then sucA sever
ence shall be made By the TAX Com
1tssion and such electric light an
over business shall not be source
OF State revenue. 9hs
I'd. All banks. State and Nation
al. including savings banks. trust
banks and trust companies, and All
private bankers, whethor indly1du.
ais or partnerships, save that the
real estate of all banks and bankers
shall be locally assessed and taxed.
The assessments Of tho real estate
banks and bankers shall be equal
lied annually by the Tax Com mission
to the basis established and In vogue
each locality where such real en-
tate 10 located.
4th. All insurance companies in.
Guiding bonding and surety compan-
les. foreign and domestic. and ali
rersons and partnerships enAxed b
ihsLI1ng persons Or pl0DeT1y. AyA
that all the real estate asd eorperJhl
property OF such companies Dsrsone
70: partnerships shall b locally q.
scssed and taxed.
9TH. All sugar rsaner1ep. neA
mills. cotton seed oil milk, cot4es
seed oil renneries ana rsaneries 81
petroleum and it, products. 4 sua-
=: rcirery Oh hereby defined e q, :,
concern that buys ana reanes raw
sugar exclusively. or oooeesn thnf
buys ana re6nes more raw aakr
tnan the aggregate Of tie suAr pro,
duced BY II from cane erovn ana
purchased BY Il. n