The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1912-09-07
SHAH b. rendered In an

annual report.
s. The chairman Of the first Commits
sion shall be named by the appointing
Board and serve until the expiration 81
his terra of Office. and thereafter the
Commission shall select It's own chair
man.
D. The Commission and the individual
members thereof shall perform such du-
ties in respect to assessment ana taxa
zion as are herein prescribed. and sucn
other and further duties rs the General
Assembly may from time to time pre-
scribe.
J. The General Assembly shall pro-
vide said Commission with an adequate
clerical force.
g The Commission shall have power :"
adopt and enforce such reasonable rules.
regulations and modes of procedure. not
Inconsistent with law, as II may deem
proper for the discharge OF its duties, and
to hear ana determine complaints that
may he made against assessments. ana
other Of its acts required or authorized
by law.
9 The Commission shall haie 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. If any person, firm. association or
corporal ton shall he dissatisfied with the
assessment made or action taken by the
Commission. such party may file a petit
ton setting forth the cause of obiec-
tion I" such assessment or action of the
Commission or to either or both in "A
court Of competent jurisdiction. at the
domcile 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
vclVed: such appeals to he returnah'e
within ten days after the date that the
decision of the lower court becomes final.
hot In ha ,1 %
peiiate court, shall be tried summary.
and by preference over all other cases.
Such cases may be tried in the court OF
the first Instance either in chambers
at term time
II. No bond shall be required of said
Commission In any case In any court
nor shall advance costs, security for
costs. he required of it,
10 II shall he the duty Of the Attorney
General, and the various district attor-
neys. on proper request or direction by
the Commission nf 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-
tions. failure on the part of such Law
perform the duties here imposed upon
them. shall constitute misfeasance in
office.
Article VI
l. After January LIST, 1914 an assess
ments for all State purposes. except as
hereinafter provided. shall be completed
on or before April LIST i'm 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 assessments. and the payment
of its local taxes and licenses, general
and sDecial. until otherwise prescribed by
the General Assembly Until otherwise
provided, existing laws on these subjects
CHI N arn luz I Itotr{ NJ
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 separately. but the
General Assembly shall have power to di-
rect the Tax Commission to assess the
property of such CORPORATIONS at a valua-
tion including both physical property and
franchises. to he determined by gross
ceipts. or by dividends on stocks and in
terest paid on bonded debt or by any
other available method.
3. Incorporated banks shall be assessed
by assessing the stockholders in the book
value of the stock. t. e., capital stock,
surplus and undivided profits Jess the
sessed value OF real estate locally as
sessed and taxed. and less such further
deductions of not less than five per cent
on their loans and discounts to cover bad
debts and unearned interest the Cen
eral Assembly may prescribe. which de-
duction shall he made only from their
surplus and undivided profits: all taxes
to be paid blythe banks and charged to
the stockholders.
T. Individual bankers. banking firms
and unincorporated banking associations.
domiciled In this State. shall be assessed
on the amount Of capital. surplus and
undivided profits actually employed In
their business, less the assessed value Of
real estate locally assessed and taxed.
actually and exclusively used and EN-
ployed in their business, and less such
further deductions not less than five per
cent their loans and discounts to
cover bad debts and unearned interest
the General Assembly may prescribe,
which deduction shall be made only from
their surplus and undivided profits.
;. Foreign banks and individual bank
ers. banking firms and unincorporated
banking associations, domiciled out Of the
state but doing business In this State.
snail be assessed on such proportion of
their capital. surplus and undivided
profits as is actually employed in this
state. less the assessed value of real
tate locally assessed and taxed. actually
their business in this State. and less
such further deductions. not less than
rive per cent on their loans and dis
counts to cover bad debts and unearn-
ed interest the General Assembly
may prescribe which deductions shall
be made only from their surplus and UNI
divided profits.
6. Insurance. bonding and surety COM
pHllek and persons. firms and associa-
tions Engaged In the insurance, bonding
and surety business, excluding however
fraternai Insurance Companies and asso-
Citations, shall he taxed on a percentage
OF their gross premiums received upon
their business done In this State. less
return premiums and reinsurance in com
panies associations authorized to do
business 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-
coed two per cent for life and industrial
insurance. The special taxes to support
the office or fire marshal and fire pre-
vention bureaus shall not be deducted
from the premiums hereby authorized to-
he taxed When nv the laws If any other