The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1912-09-07

transportation OF lsa a, t. f ~; N.Y.
and power business concucted IN con-
Junction with any street Ianroau ean ~
practically severed from .ne sarss. ,aat
road business for purposes OF assessnens
then such severance shai De inaue py
the Tax Commission ana such eiectItc
light and power business snaii not DC
source OF state revenue. >y.....,
3rd All banks, STATE ana Nsuon1l;
including savings banks TRUST panks anu
trust companies, and All private oahkerss
whether individuals or partnerships save
| that the real estate OF all banks ana
bankers shall be locally assessed anu
taxed The assessments or the real
estate OF BANKS ana nankers shaIi %
| equalized annually by the Tax Commas
sion to the basis established and N vogue
In each locality where such real estate
| 4th. All insurance companies includ-
| ing bonding and surety companies, lor.
eign or domestic, and all persons ana
partnerships engaged IN insuring persons
or properly, save tnat al the Ieal ss 49, 20
persons or partnerships shall be locally
assessed and taxed.
! 9Th All sugar rcfineries rice mills,
Gotten seed OIL mills. cotton seed oil re-
| fneries and refineries OF petroleum and
| Its products A sugar refinery Is hereby
defined to be q concern that buys and re-
fines raw sugar exclusively. or concern
mat puys ana Iehnes more raw sus.a
tnan me aggreease OF ,ne susa rp pao es1 hv
It. !, .,,,,, al. ~ a.,.~
eth- All mines OF sulphur salt or other
minerrs' al OIL or gas w shs,, al, al s'o"o
quarries. sand, gravel ana smell pits
8. Oniy the operatve property % SsA -
Isources or revenue snalt De seereeateq 70
the stare. Inc Genera nsssmosy wsth
define. IN manner not mconslstent VIII
any provisions OF this amehoinent, WIZ
the operative properly o. eaen SUE.
source Is Real estate anu inc ,,nprov ,i
ments thereon FORMING part ci any Lan-
road terminal depot OF yaIu OF wdrs-
house or shop. ACQUIRED atter July :,
1912. even though II may form p ars az
the operative properly OF any ra'ir ross
shall not De CONSIDERED a source OF s.Nso
revenue except py constltutionai amenu-
ment unless such properly naa oeen.
prior to said date. part OF raiiroao teE-
minai depot YARD, warehouse OF shop.
ton. except as herein snecified' OF exceps
as may nereauer De urecteu ny a svsS
OF two,thirds OF All the mem9ers e.eS s,,.
10 each mouse OF tne Seneral Assenio's'
shall be sources OF local taxaton.
The General Assembly shall have power
10 lew for State purposes the following
sneciai taxes:
to~ ~, tho transfer Of stocks II,
a taA on tH9 asaeaa Va Giants q
cvrpoiA' 'ohs io' " -
snare. :.
nestle corporations, organized for pront,
, excepting banks. fraternal Insurance.
companies. and building ana loan -
. ten dollars fiat, plus not to exceed one
: twentieth OF one per cent OF the autnoI-
I lied capital stock and surplus, which "a,
shall be levied upon increases OF capAtas
1 stock as well as upon original issues
= 3. tax on private corpo.auohs VI
ganized for profit. for the privilege OF ex-
e ercising corporate mnct,ons, not a 20 ne,
9 annum on the outstanding capital stock
and surplus, excluding banks, fraternei
: Ing and loan or homestead associations;
= no such tax to be less tnan nVe uoi1l5,
= On foreign corporations this tax sna !
!; capital stock and surplus as Is used IN
= this State In tnfra-State business ~
= lieu of the franchise tax on capital and
e and domestic. not including fraternai In
= | surance associations. shall pay annually
!. a fiat fee of $4,000 plus $25o on eacn
!: s10.0oo.oO OF premiums collected IN i'ou's-
le 1. The annual ad valorem tax on all
q automobiles and taxicabs. and also on
+, transportation Of persons or freight for
= hire, with permission to the local govern
~ ment Of the residence of the owner g
,. levy an annual license tax not TO exceed
or 500. One-half OF the proceeds OF THU.
State tax collected from each owner snan
go 10 the State good roads funds; the
paid over by the State to the goycrnine
authority. of the locality from when sne
machine Is registered. to- be devoted ex-
ciusively by such governing authority e
the Improvement Of the public highway
within it's jurisdiction.
g. tax on cotton future contracts
IN lieu of all licenses to future brokers
Of not more than fifteen nor less thar
ten cents on each purchase and sale o
each 100 bales, to be paid on each trans
action, half by the buyer and one
t. half by the seller.
o. 6. tax on grain. conee. rice ant
he sugar future contracts. In lieu or a
ng licenses to future brokers, OF not NOR
X than one and one-half per cent nor les
than one FER cent on the commission
n Maid on each transaction. Each unit con
IA, tract as established by the rules OF tn
ed respective exchan ges shall be the BAN
OIL Of the tax, to be paid, one half by tn
of buver ana one half by the seller
me z. true. progressive inheritance ia