The Natchitoches enterprise. (Natchitoches, La.) 1888-1965, 1912-10-10

Districts at the regular congressional
elections held in this State the frst Tues
day after the first Monday in November
every two years; and at the said congress
sional election held just prior to the eX-
piration of their respective terms
3. The Commission shall maintain an
office and have it's domicile at Baton
Rouge, and the members shall reside In
Baton Rouge and devote their time eX-
clusively to the discharge Of their du-
ties.
4. They shall each receive salary. OF
Five Thousand Dollars per annum, De-
ginning January 1, 1914, and their traV-
cling expenses, not exceeding maximum
amount to be fixed from time to time oy
the General Assembly. an itemized ac-
count of which shall be rendered in an
annual report.
5. The chairman of the first Commits
sion shall be named by the appointing
| Board and serve until the expiration OF
| his term of office, and thereafter the
| Commission shall select its own chalr-
g. The Commission and the individual
| members thereof shall perform such ou-
| 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
| 8. The Commission shall have power 10
| 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, ana
| 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
| 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 fuly
| as is provided by law fer 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
corporation shall be dissatisfied with the
| assessment made or action taken by the
| Commission, such party may nile q peu-
| ton setting forth the cause OF obJec-
| ton to such assessment or action OF the
| Commission or to either or beth 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
volYed; such appeals to be returnable
within ten days after the date that the
decision of the lower court becomes final.
| All such cases, both in the trial and ap-
pellate court, shall be tried summarily,
and by preference over all other cases.
the first instance either in chambers or
at term time.
H. No bond shall be required of said
Commission in any case in any court,
costs, be required of It.
IL. 1t shall be the duty of the Attorney
General, and the various district attor-
neys, 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-
tons. A failure on the part of such law
iaAi rI,nV fA1 fAA RI
perform the duties here imposed upon
them, shall constitute misfeasance in
Office.
Article vi.
/. After January LIST, 1914, ali 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 it's 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 be operative. Levee district taxes
and forced contributions, exclusive OF
produce taxes, shall be assessed and be-
come delinquent coincidentally with par
ish taxes.
2. Public service corporations shall be
assessed on their physical property and
on their franchises separately, but tht
General Assembly shall have power to di-
rect the Tax Commission to assess the
property of such corporations at valua-
franchises, to be determined by gross re-
ceipts, or by dividends on stocks and in
terest paid on bonded debt, or by an,
other available method.
8. Incorporated banks shall Be assessed
by assessing the stockholders in the book
lxyoI fRn Hf ftA "a fool n anil FOL tool
! surplus and undivided profits less the as
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 as the Cen
erai Assembly may prescribe, which de-
duction shall be made only from or their
to be paid by the banks and charged to
the stockholders.
f. 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 pei
cent on their loans and discounts te
cover bad debts and unearned interest as
the General Assembly may prescribe
which deduction shall be made only from
5. Foreign banks and individual bank
ers, banking firms and unincorporated
banking associations, domicfled out of the
State but doing business in this State
their capital. surplus and undivided
profits as is actually employed in this
State, less the assessed value of real es-
tate locally assessed and taxed, actually
and exclusively used and employed in
their business in this State, and less
such further deductions, not less than
five per cent on their loans and dis
counts, to cover bad debts and unearu-
ed interest as the General Assembly
may prescribe. which deductions shall
be made only from their surplus and un-
divided profits
6. 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 percentage
of their gross premiums received upor
their business done in this State. less
return premiums and reinsurance In COM
panies or associations authorized to dc
i 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 of fire marshal and fire pre-
vention bureaus shall not be deducted
from the premiums hereby authorized te
be taxed. When by the laws of any Other
State or country any taxes, fines, pen
aIties, licenses. fees, deposits of money
or of securities, or other obligations oil
prohibitions are imposed on insurance
bonding or surety companies of this State
. doing business in such other State oil
country, or upon their agents therein II
excess of such taxes, penalties, fees, H.
censes, deposits of money, or of securi.
, ties, or other obligations or prohibitions
imposed upon such insurance, bonding
or surety companies of such other State
or country, so long as such. laws continue
in force the same obligations and prohi.
billions of whatsoever kind may be i'm.
. I vo.Ad bxy tina CADara1 AeSauohlv Of fbis