Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1912-10-18

siOnal election held just prior 10 the eA-
iration of their respective terms.
3. The Commission shall maintain an
pffice and have its doinicile at Baton
Rouge. and the members shall reside In
Baton Rouge and devote their time ex-
clusively TO the discharge of their du-
les
T. They shall each receive salary Of
tive Thousand Dollars per annum. be-
ginning January l, 1914. and their trav-
cling expenses, not exceeding a maximum
amount to be fixed from time to time by
the General Assembly, an itemized ac-
count of which shall be rendered In an
annual report
& The chairman Of the first Commits
sion shall be named by the appointing
'Soard and serve until the expiration OF
MS term OF office, and thereafter the
Commission shall select it's own chair
man.
6. The Commission and the individual
members thereof shall perform such du-
lies I'm respect TO assessment and taxa
ton as are herein prescribed, and such
other and further duties as the General
Assembly may from time to time pre-
scribe.
Z. The General Assembly shall pro-
vide said Commission with an adequate
clerical force.
3. The Commission shall have power to
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 and determine complaints that
may be made against assessments. and
other OF Its acts required or authorized
by law.
9. The Commission shall have power
TO summon and compel the attendance
III witnesses, to swear witnesses, and to
compel the production OF books and pa
pers. TO take testimony under commits
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.
NaeN tan ~
| 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 objec-
Commission or to either OF both In
court of competent jurisdiction. at the
domicile OF the Commission. AGAINST said
Commission as defendant. Eithe9 party
may appeal to the Supreme Court Of the
| State without regard TO the amount In
VOWED; such appeals to be returnahle
decision OF the lower court becomes final
| All such cases, both In the trial and APP
nellate court. shall be tried summarily.
and by preference over all other cases.
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 Il.
H. II shall be the duty Of the Attorney
General. and the various district attor-
| news, on proper request or direction by
the said Commission in all legal matters,
and to prosecute and defend all cases In
/ accordance with such requests and direc-
tons. A. failure on the part Of such law
| omcers, when so requested or directed 20
perform the duties here imposed upon
ONCE.
Article vi.
4 l. After 4 nj az
ments for all State purposes, except as
hereinafter provided. shall be completed
on or before April LIST In each year, and
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 special. until otherwise prescribed by
the General Assembly. Until otherwise
| provided, existing laws on these subjects
| shall he operative. Levee district taxes
| and forced contributions. exclusive Of
produce taxes. shall be assessed and be-
come delinquent coincidentaly with par
| ish taxes
2. Public service corporations shall be
assessed on their physical property and
on their franchises separately. but the
| rect the Tax Commission to assess the
property Of such corporations at a valua-
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.
8. 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 value Of real estate locally as
deductions Of not less than 1--WE per cent
on their loans and discounts to cover bad
debts and unearned interest as the Gen.
eral Assembly may prescribe. which de-
ductton shall be made only from their
surplus and undivided profits: all taxes
to be paid by the banks and charged to
the stockholders.
4. Individual bankers, banking firms
and unineorporated 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 est-te locally assessed and taxed
actually and exclusively used and en-
ployed in their business. and less such
cent on their loans and discounts te
cover bad debts and unearned interest al
the General Assembly may prescribe
which deduction shall be made only from
their surplus and undivided profits.
5. Foreign banks and Individual bank.
, ers, banking firms and uuincorporatec
banking associations. domiciled out of ths
I State but doing business in this State
their capital. surplus end undivided
, profits as II actually employed in thil
State, less the assessed value Of real es.
tate locally assessed and taxed. actual,
and exclusively used and employed n
their business in this State. ana lest
such further deductions, not less thar
!. five per cent on their loans and dis
counts. to cover bad debts and unearn
ed interest as the General ASSEMBLY
may prescribe. which deductions shall
be made only from their surplus and I'M
: divided profits.
g. 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 a percentag'
Of their gross premiums received upoi
their business done In this State. les
J return premiums and reinsurance in com
panies OF associations authorized 70 d
business I'm this State. The percentag
aforesaid shall not exceed three per cen
; for all branches Of Insurance, bondinl
and surety business, except life an
) Industrial Insurance and shall not ex
: insurance. The special taxes 70 supper
the ONCE Of IRE marshal and fire pre-
= vention bureaus shall not be deducte
) from the premiums hereby authorized Z
be taxed. When by the laws of any othe
= State or country any taxes. fines. pen
| allies, licenses. fees, deposits of none,
or Of securities. or other obligations o
prohibitions are imposed on Insurance.
|. bonding or surety companies Of this Stat
+ doing business in such other State o
J country, or upon their agents therein Il
excess OF such taxes, penalties, fees, n
4 censes, deposits Of money, or OF securi
: ties. or other obligations OF prohibition
} imposed upon such insurance. bondin
! or country, so long IS such laws continu
: In force the same obligations and prohi