The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1912-10-26
y 3~IAU . IfouI III
tssacj9.aons, shall ses. tax
sfcNnt6ges OF their gross

mess 7Iene in this State, less return
premiums and reinsurance in compa
MES or associations authorized to dt
business in this State. The percent
age aforesaid shall not exceed three
per cent for all branches of insur
ance, bonding and surety business
except life and industrial insurance
and shall not exceed two per cent
for life and industrial insurance. The
special taxes to support the office oil
fire marshal and fire prevention bu
reaus shall not be deducted from the
premiums hereby authorized to be
taxed. When by the laws OF any 9th
er state or country any taxes, fines
penalties, licenses, fees, deposits OF
money or of securities, or other obi
, cations or prohibitions are imposed
; on insurance, bonding or surety com
panies Of this State doing business
III such other state or country, or up
on their agents therein in excess OF
such taxes, penalties, fees, licenses,
deposits of money, or of securities.
Or other obligations or prohibitions
imposed upon such insurance, bond.
ing or surety companies of such 9TH
C1 oldlC vi SouAlIy, ~ IOdS dS ouSA
laws continue in force the same OBJ
legations and prohibitions of whatso'
ever kind may be imposed by the
General Assembly of this State upon
insurance, bonding Or surety compa-
MES of such other state or country
doing business in this State.
Z. Irrigation canals shall be taxed
on a percentage not to exceed two
per cent of their gross receipts, only
such real estate and the buildings
and structures thereon rights of way,
machinery, tools and implements as
are necessary to the operation of
any canal shall be included in and
covered by this tax on gross receipts.
All other real estate and personal
| property of the owner of any canal
shall be locally assessed and taxed.
s. All sugar refineries, rice mills,
cotton seed oil mills, cotton seed oil
refineries and refineries of petroleum
and its products shall be assessed on
the fair market valuation.
9. Until otherwise provided by the
General Assembly by a vote of two
thirds of the members elected to
each house, all operating mines Of
or gas wells, all stone quarries, sand,
gravel and shell pits shall be taxed
upon a percentage of the gross value
of the product at the mouth Of the
mine, we'll, quarry or pit. This per-
centage shall not exceed five per
cent for sulphur; three per cent for
salt; two and One-half per cent for
Oil and gas, and two per cent for
rock and other minerals, inclusive of
gravel, sand and shells. This tax
shall not apply to the product of any
mines, quarries or pits or Oil or gas
wells, where the owner, other than |
public service corporations, uses the |
same for his personal purposes and |
does not sell the same Or it's pro- |
ducts or manufacture the same into |
another product for SALE Where gray
Ell, sand or shells are taken from the |
beds of public waters, orfrom shores |
not subject to private ownership, the
General Assembly may levy special
taxes per cubic yard of material TAX
Ell out and may levy different spec
ial tax for each of said objects of
taxation. The Government of the
United States for any purposes, and
contractors engaged in the construc-
ton of any public work for the State
or for the United States solely for
the purposes Of such public work are
to take free from taxation
gravel, shell or sand from the beds
OF public waters and the public shores
Of the State. Every citizen of the
State shall have a similar right to
take such materials for his own per-
sonal use free from taxation, unless
they are taken for sale. All real !
and personal property of the owners
Of such mines, wells, quarries and pits ,
except machinery, tools and nipple
nents absolutely essential to the op-
grafton of any mine, oil or gas well. s
stone Quarry, sand, gravel or shell /,
ut. and except the products them
selves while in the hands of the pro-
lucer, shall be locally assessed and |
axed. =
10. All real and personal property f
eserved for local taxation shall be
assessed at such percentage not to
Xceed 100 per cent of it's fair mar I
let value as each local governing
uthority may establish, and a lower b
ercentage may be established for =
ersonal than for real property or
or the values of improvements than
or land values. S
IL. In all assessments of real prop v
rty whether for local or for State n
imposes, the value of the land shall G
9 assessed separately from the value
t the improvements; but railroad, S
lpe line and canal rights of way, c
Thether held in fee or under ease
lent, may be assessed separately :,
'om, or together with, the improve :,
tents thereon as the Tax Commission D
lay deem most practicable. "
II. Assessments shall be arranged r.
as far as possible eth tt
+ upon the roll or upon separate rec E,
rds and the General Assembly shall :.
ass laws providing for the printing $
nd publication in pamphlet form of
he records, showing such geographic S,
ally arranged assessments, and for =,
lie sale of such pamphlets at small :.
rice i
49, Every taxpayer shall have the e.
ghf nf fQCfiup ha onrrootna - \; Sc | n