The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1912-08-31
count Of which shall be rendered In an


Board and serve until the expiration or
his term OF office. and thereafter the
Commission shall select its own chair
man.
6. The Commission and the individual
members thereof shall perform such du-
ties in respect to assessment and taxa
ton as are herein prescribed and sucn
other and further duties as the General
Assembly may from time to time pre-
scribe.
7. The General Assembly shall pro-
vide said Commission with an adequate
clerical force.
g. The Commission shall have power to
adopt and enforce such reasonable rules.
regulations and modes Of procedure, not
inconsistent with law, as 1t may deem
proper for the discharge Of its duties, and
to hear and determine complaints that
may be made against assessments. and
other OF its acts required or authorized
g. The Commission shall have power
to summon and compel the attendance
Of witnesses. to swear witnesses, and to
compel the production OF books and pa
pers. to take testimony under commits
sion and to punish for contempt, as fully
as is provided by law for the district
courts The General Assembly may pro-
vide other penalties for violating the or
ders of the Commission.
10. II any person. firm, association or
corporation shall be dissatisfied with the
assessment made or action taken by the
Commission, such party may file petit
ton setting forth the cause Of obtec-
tion to such assessment or action Of the
Commission or to either or both in a
court of competent jurisdiction. at the
domicile of the Commission, against said
Commission as defendant Either party
may appeal to the Supreme Court of the
State without regard to the amount in
voved: such appeals to be returnable
within ten days after the date that the
decision OF the lower court becomes fine!.
All such cases, both in the trial and ap
peate court. shall be tried summariy,
and by preference over all other cases.
Such cases may be tried In the court OF
the first instance either in chambers or
at term time.
II. No bond shall he required Of said
Commission In any case in any court.
nor shall advance costs, security for
costs. be required OF it.
r. It shall be the duty Of the Attorney
General, and the various district attor-
news, on proper request or direction by
the Commission Of the Governor. to aid
the said Commission in all legal matters.
and to prosecute and defend all cases in
accordance with such requests and direc-
lions. failure on the part Of such law
officers. when so requested or directed to
perform the duties here imposed upon
them. shall constitute misfeasance IN
office
Article vi.
1. After January LIST, 1914, all assess
ments for all State purposes, except as
hereinafter provided, shall be completed
on or before April LIST in each year. and
the taxes shall become due and payable
on the first Monday in June Of each year
and shall become delinquent on the first
Monday in September In each year. Each
parish and municipality shall have the
right to fix the date for the completion
OF Its local taxes and licenses, general
and special. until otherwise prescribed by
the General Assembly. Until otherwise
ss existing laws on these subjects
and forced contributions exclusive Of
produce taxes. shall be assessed and be-
come delinquent coincidentally with par
ish taxes.
assessed on their physical property and
on their franchises separated but the
General Assembly shall have power to di-
rect the Tax Commission to assess the
ton including both physical property and
franchises to be determined by gross re-
ceipts. or by dividends on stocks and in
terest paid on bonded debt, or by any
other available method.
g. Incorporated banks shall be assessed
by assessing the stockholders in the book
value of the stock, l. e.. capital stock
surplus and undivided profits less the as
sessed and taxed, and less such further
deductions Of not less than Ave per cent
on their loans and discounts to cover bad
asbts and qnearned interest as the Cen
auction shall be made only from their
surplus and undivided profits; all taxes
70 be paid by the banks and charged to
the stockholders
T. Individual bankers. banking firms
,and unincorporated- banking associations,
idomiciled in this State, shall he assessed
.on the amount Of capital, surplus and
u h profts actually employed in
I reai on.ess. less the assessed value q
actually and exclusively used and en-
ployed in their business. and less such
further deductions not less than five per
cover bad debts and unearned interest as
the General Assembly may prescribe.
which deduction shall be made only from
their surplus and undivided profits.
5. Foreign banks and Individual bank
Iers. banking firms and unincorporated
banking associations domiciled out Of the
State but doing business IN this State:
shall be assessed on such proportion Of
a. Is acsuay IN hs
State, less the assessed value Of real es-
tate locally assessed and taxed, actually
and exclusively used and employed in
such further deductions. not less than
| five per cent on their loans and dis
counts. to cover bad debts ana unearn-
ed interest as the General Assembly
may prescribe. which deductions shall
be made only from their surplus and un-
divided profits.
8. Insurance. bonding and surety COM
panies and persons. firms and associa-
lions engaged in the insurance, bonding
and surety business, excluding however,
fraternal insurance companies and asso-
Citations. shall be taxed on 4 percentage
Of their gross premium. received upon
their business done in this State. less
return premiums and reinsurance in COM
panies or associations authorised to DO
bysiness In this State. The percentage
aforesaid shall not exceed three per cent
for all branches Of insurance, bonding
and surety business, except life and
industrial insurance and shall not ex-
,ceed two per cent for life and Industrial
insurance The special taxes TO support
the ONCE Of fire marshal and fre pre-
vention bureaus shall not be deducted
from the premiums hereby authorized to
be taxed. When by the laws Of any other
State or country any taxes hnss PEN
'altiss, licenses fees. deposits OF money