St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1912-10-05

may be tried in the court of the first
instance either in chambers or at
term time.
II. 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. It shall be the duty of the
Attorney General, and the various
district attorneys. on proper request
or direction by the Commission or
the Governor, to aid the said Com
in all legal matters, and to
and defend all cases in &C
cordance with such requests and di-
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.
l. After January l, 1914, all as
sessments for all State purposes, ex-
cept as hereinafter provided, shall
be completed on or before April list
in each year, and the taxes shall be-
come due and payable on the first
Monday in June of each year, and
shall become delinquent on the first
in September in each year.
Each parish and municipality shall
have the right to fix the date for
the completion of its local assess
ments, and the payment of its local
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 be
assessed and become delinquent CO.
with parish taxes.
2. Public service corporations
shall be assessed on their physical
property and on their franchises sep
arately, but the General Assembly
shall have power to direct the Tax
Commission to assess the property
of such corporations at valuation
including both physical property and
franchises, to be determined by
gross receipts, or by dividends on
stocks and interest paid on bonded
debt, or by any other available
method.
3. Incorporated banks shall be
assessed by assessing the stockhold-
ers on the book value of the stock,
e., capital stock, surplus and undi-
vided profits less the assessed value
of real estate locally assessed and
taxed, and less such further de-
auctions of not less than five pei
cent on their loans and discounts tc
cover bad debts and unearned in.
terest as the General Assembly may
prescribe, which deduction shall be
made only from their surplus and un
divided profits; all taxes to be paid
by the banks and charged to the
stockholders.
4. Individual bankers, banking
firms and unincorporated banking
associations, domicilcd in this State
shall be assessed on the amount O.
capital, surplus and undivided pro
fits actually employed in their bust
ness, less the assessed value of rea
estate locally assessed and taxed, &C
ually and exclusively used and EN-
ployed in their business, and les
such further deductions not less thar
five per cent on their loans and dis
counts to cover bad debts and un
earned interest as the General As
sembly may prescribe, which deduc
ton shall be made only from thei
surplus and undivided profits.
S. Foreign banks, and individual
bankers, banking firms and unincor
porated banking associations, domi
lied out of this State but doing bust
ess in this State, shall be assesse,
on such proportion OF their capital
urplus and undivided profits as i
ctually employed in this State, les
he assessed value of real estate 10
cally assessed and taxed actually an
exclusively used and employed il
their business in this State, and les
such further deductions, not les
than five per cent on their loans an
discounts, to cover bad debts and I'm
earned interest as the General As
emily may prescribe, which deduc
ions shall be made only from thei
surplus and undivided profits.
g.. Insurance, bonding and suret
ompanies, and persons, firms an
associations engaged in the insur
nee. bonding and surety business
xcluding. however, fraternal insu1
nee companies and associations
hall be taxed on a percentage @
heir gross premiums received upo
heir business done in this State, les
eturn premiums and reinsurance i
ompanies or associations authoriz
to do business in this State. TIL
percentage aforesaid shall not excee
hree per cent for all branches of in
urance, bonding and surety busi
ess, except life and industrial in
urance, and shall not exceed tw
YER cent for life and industrial In
urance. The special taxes to SUI
,ort the Office of fire marshall an
re prevention bureaus shall not b
deducted from the premiums hereb
authorized to be taxed. When b
try any taxes, fines, penalties, liceI
SEES, fees, deposits of money OR of 81
curities, or other obligations or pre-
hibitfons are imposed on insuranc
bonding or surety companies of thl
State doing business in such othe
State or country, or upon their agent
therein in excess of such taxes, per
alties, fees, licenses, deposits of NOR
ley, or of securities, or other oblig,
lions or prohibitions imposed upo
such insurance, bonding or suret
companies of such other State {
country, SO long as such laws col
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 busines
in this State.
4. Irrigation canals shall be ia,
ed on q percentage not to exceed tw
per cent of their gross receipts, onl