St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1912-11-02
trial and appellate court, shall be

LIEU ouuu0AAys oAO W -
over all other cases. Such cases
nay be tried in the court of the first
Instance either in chambers or at
term time.
IL. No bond shall be required OF
said Commission in any case in any
court. nor shall advance costs, or
security for costs, be required OF IT,
IL. 1t shall be the duty OF the
Attorney General, and the various
district attorneys, on proper request
or direction by the Commission or
he Governor, to aid the said Com
mission in all legal matters, an0 10
rosecute and defend all cases IN &C.
ordance with such requests and dl-
rections. A failure on the part OF
UGH law officers, when so requested
or directed to perform the duties
here imposed upon them, shall con
stitute misfeasance in office.
ARTICLE vi.
/. After January 1, 1914, all as
sessments for all State purposes, eX-
cept as hereinafter provided, shall
be completed on or before April 1st
in each year, and the taxes shall be
come due and payable on the first
Monday in June of each year, and
hall become delinquent on the first
Monday in September in each year
Each parish and municipality shall
have the right to fix the date 70;
the completion of it's local assess
ments, and the payment Of its loca
taxes and licenses general and spec
al, until otherwise prescribed by the
General Assembly. Until otherwise
provided, existing laws On these sub
jects shall be operative. Levee dis
trict taxes and forced contributions
exclusive of produce taxes, shall b.
assessed and become delinquent CO
incidentally with parish taxes.
2. Public service corporations
shall be assessed on their physica
property and on their franchises sep
arately, but the General Assembl.
shall have power to direct the Ia:
Commission to assess the propert.
of such corporations at a valuation
including both physical property ant
franchises, to be determined b,
gross receipts, or by dividends OF
stocks and interest paid on bonde'
debt, or by any other available
method.
3. Incorporated banks, shall b
ssessed by assessing the stockhold
ers on the book value of the stock
e., capital stock, surplus and undi
ided profits less the assessed valu
Of real estate locally assessed an
axed, and. less such further de
uctions of not less than five pc
ent on their loans and discounts t
over bad debts and unearned in
terest as the General Assembly ma
prescribe, which deduction shall b
made only from their surplus and vi
divided profits; all taxes to be pal
by the banks and charged to tn
stockholders.
4. Individual bankers, bankin
firms and unincerporated bankin
associations, domicilcd in this Stat,
shall be assessed on the amount {
capital, surplus and undivided prt
fits actually employed in their bus
ness, less the assessed value of re.
estate locally assessed aud taxed, a.
ually and exclusively used and en-
ployed in their business, and les
such further deductions not less tina
five per cent on their loans and di
counts to cover bad debts and III
learned interest a. the General A
emily may prescribe, which dedu
ltion shall be made only from the
urplus and undivided profits.
5. Foreign banks, and individu'
bankers, banking firms and uninco
Iporated banking associations, dom
lied out OF this State but doing bus
ess in this State, shall be assesse
N such proportion Of their capita
urplus and undivided profits as
ctually employed in this State, LEI
he assessed value OF real estate Il
ally assessed and taxed actually an
Exclusively used and employed i
heir business In this State, and LEI
UGH further deductions, not LEI
han five per cent on their loans an
discounts, to cover bad debts and III
armed interegt as the General A
emily may prescribe, which dedu
ions shall be made only from the
rrplus and undivided profits.
6. Insurance, bonding and suret
ompanies, and persons, firms an
associations engaged in the insu
nee, bonding and surety bushes
xcluding, however, fraternal insu
nee companies and association
hall be taxed on percentage {
heir gross premiums received upc
heir business done in this State, LEI
eturn premiums and reinsurance
ompanies or associations authori
d to do business in this State. tt
percentage aforesaid shall not excee
hree per cent for all branches of il
urance, bonding and surety bus
ess, except life and industrial ii
urance, and shall not exceed tw
YER cent for life and industrial IL
urance. The special taxes to sui
,ort the Office of fire marshall an
re prevention bureaus shall not /
deducted from the premiums hereh
authorized to be taxed. When b
the laws of any other State or coul
try any taxes, fines, penalties, lice1
ses, fees, deposits of money or of 8,
curities, or other obligations or pr,
hibitions are imposed ON insurane
bonding or surety companies of tn
State doing business in such othe
State or country, or upon their agen,
therein in excess of such taxes, pei
alties. fees. licenses, deposits of MOI
ey, or of securities, or other obligs
tions or prohibitions imposed upo
such insurance, bonding or suret
companies of such other State G
country, SO long as such laws COZ
tinue in force the same obligation
and prohibitions of whatsoever kin
may be imposed by the General A.
sembly of this State upon insuranc,
bonding or surety companies of sue
other State or country doing bushes
in this State.
| Z. Irrigation canals shall be tai
ed on percentage not to exceed tw
per cent of their gross receipts. oul