The Caldwell watchman. (Columbia, La.) 1885-1946, 1912-10-18

rr,ft where operated for hire, canal iol
transportation or irrigation. ana pipe ilno
for oil or gas. When the electric hsh'
md mower business conducted in con-
iunction with any street railroad can DC
practically severed from the street ran
road business for purposes III aSseSSlilcH.
then such severance shall be MAGE uy
the Tax Commission and such e!eclflc
sight and power business stiiii hol pe "
source Of State revenue.
3rd All banks State and Natioha';
Including savings banks. trust banks ana
trust companies, and all private bankers.
whether individuals or partnerships save
that the real estate of all banks ana
bankers shall be locally assessed ana
taxed The assessments Of the real
estate of banks and bankers shall be
egualized annually by the IaN !onlnllS
sion to the basis established and IN vogue
| in each locality where such real estate
Ath All insurance companies incind-
| ing bonding and surety companies, Tor
| egn Or domestic. and all persons anu
| partnerships engaged in inSnrlnE persons
! or property. save that all the real estate
and corporal property of such companies
persons or partnerships shall be iocai'y
| assessed and taxed. -
9Th. All sugar reflncries. rice mli'S'
cotton seed oil mills. cotton seed on re-
fineries and retineries of petroleum ana
its products. 4 sugar refinery IS hereby
defined to be a concern that buys and re-
| fines raw sugar exclusively. or Il concern
that buys and reiines more raw sugar
| than the aggregate of the sugar produced
by it from cane grown ana purchased pS
| it.
eth All mines of sulphur. salt or other
minerals. all oil or gas wells. all stone
Guarries. sand. gravel and shell pits
8 Only the operative property of state
sources of revenue shall be segregated 10
the state. The General Assembly sM In,'
| Il Off in inconsistent
any provisions of this amendment. WHAT
the operative property OF cach such
source is. Real estate ana the lnproNn-
ments thereon forming part "t any ran'
road terminal. depot or SH.h "l WIZ
house or shop. acquired after July l.:
1'l2. even though it may form 'nr' "t
the operative pr"nertN of any raliroah'
shall not be considered source CT Sth,e
revenue except by constitutional amend
mcnt unless such property nnd 'ea cen
prior to said date. part of railroad TER
minal depot. yard. warehouse or SHOP
4. All other nronertN subject to TAXA.
ton, except az herein snecit'ea or except
as may hereafter b" directed by vote vote
Of two-th!rds of all the members elected
to each house OF the General Assembly,
shall be sources Of local taxation
Article III.
Tho Ca,era1 Assembly shall have mower
to law for state n,rnoses fine following
snec,aj taxes.
in
J.. laA on we l''i Ia y, q $3.50, nnn.s a
e. corporations not 10 exceed ee'''s
- snare
- 2. A tax on the organization OF DO
:" nestle corporations, organized for proht.
=. excepting banks fraternal Insurance
- companies. and building and loan or
, homestead association, not to exceed
&c ten dollars fiat, plus not to exceed one
- - twentieth OF one per cent of the author
% lied capital stock and surplus, when tax
IL ~ tod iyrr IF
n stock as well as upon original issues.
-. ~ 8. A tax on private corporations, or
u Eanized for profit, for the privilege OF ex-
n ercising corporate functions not to ex-
ie coed one-twentieth OF one per cent pei pc,
m nnnum on the outstanding capital stock
u and surplus. excluding banks. fraterna
and life insurance companies and build
n. ing and loan or homestead ASSOCIATIONS
ess no such tax to be less than five dollars
On foreign CORPORATIONS TINS tax * thai
20; capital stock and surplus as is used y
ed this State in intra-State business:
Ell lieu of the franchise tax on capital an
ed surplus. life insurance companies. foreig
ne and domestic, not including fraternal in i,
an surance associations. shall pay amman
in fiat fee of $4,000 plus $3.50 on eac
the $40 OOO. 90 Of premiums collected In Louis
DIS: lana during the preceding year.
the 4, The annual ad valorem tax on q
ma automobiles and taxicabs., and also
- | all Olne1 auto-nIlFel Neiiie'S" 49, .
te." hire, with permission to the local govern
ro- ment OF the residence Of the owner
OF levy an annual license tax not to exec
or $500. One-hal Of the proceeds Of II
state tax collected from each owner sh
90 to the State good roads funds; I
It remaining moiety Of such tax shall
paid over by the State to the governl
-.-., authority Of. the locality from which
a. machine is registered. to- be devoted
clusively by such governing authority
the Improvement Of the public highWa
within its jurisdiction
s.. A tax on COTTON future e1 nnai,e
Of not more than fifteen nor less On
e. ten cents on each purchase ana sa.e
each 100 bales. to be paid on eacn tral
action, one-half by the buyer ana OF
prts. half by the seller
Deo- g. tax on grain. Gomez. rice q
the sugar future contracts. in lieu OF
ling licenses to future brokers, OF not mf
tax than one and one half per cent nor or, !.
than one per cent on the cnmmisslo
Gen. paid on each transaction. Each unit G.
ana. tract as established by the rules OF
cted respective exchanges shall be me pa
fol- Of the tax, to be paid. one half by
n of BUYER and one-haf by the se',et. .
anne Z. A true. progressive lnn1' n.,'5 =
,lec- for the benefit OF the Genera runa' q
onal If such tax is ievied az s 81,
sday he divided into the 1oho"ins e,a.heS
h az the following maximum eAelhp.ionS
each class:
us, Nth a., eyemption of s.. 900 ea
Xer- spoustS' NO 20 The widow. when the
emrtion shall be $4,000. ana exoent ~ ~,
,1,;i1roy under the ages OF sixteen. wv