St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1912-10-26
trial and appellate court, shall be

over all other cases. Such cases
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..
II. It shall be the duty OF the
Attorney General, and the various
district attorneys, on proper request
or direction by the Commission or
he Governor, to aid the said Com
in all legal matters. and to
rosecute and defend all cases in ac-
ordance with such requests and d.
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.
1. After January 1, 1914, all as
sessments for all State purposes, ex-
cept as hereinafter provided, shall
be completed on or before April 1st
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
Monday 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.
incidentally with parish taxes.
2. Public service corporations
shall be assessed on their physical
property and on their franchises sep
srately, but the General Assembly
shall have power to direct the Tax
Commission to assess the property
of such corporations at a valuation
Including both physical property and
franchises, to be determined by
gross receipts, or by dividends or
stocks and interest paid on bonded
debt, or by any other available
method.
3. Incorporated banks shall be
ssessed by assessing the stockhold
ors on the book value Of the stock
e., capital stock, surplus and undi
ided profits less the assessed value
Of real estate locally assessed ant
axed, and less such further de
uctions of not less than five pei
ent on their loans and discounts tt
over bad debts and unearned in
lterest as the General Assembly ma!
prescribe, which deduction shall b,
made only from their surplus and un
divided profits; all taxes to be pait
by the banks and charged to tn,
stockholders.
4. Individual bankers, banking
firms and unincerporated 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 thai
five per cent on thcir loans and dis
counts to cover bad debts and i'm
earned interest % the General As
emily may prescribe. which deduc
ton shall be made only from thei
surplus and undivided profits.
y 5. 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 assessed
n such proportion of their capital
urplus and undivided profits as /.
ctually employed in this State, les
he assessed value of real estate 10
ally assessed and taxed actually ant
exclusively used and employed in
their business in this State, and les
uch further deductions, not les.
than Eve per cent on their loans ant
discounts, to cover bad debts and un
| armed interest as the General AS
| emily may prescribe, which deduc
ions shall be made only from thei1
rrpluS and undivided profits.
6. Insurance, bonding and surety
ompanies. and persons, firms ant
associations engaged in the insur.
nce. bonding and surety business
xcluding. however, fraternal insur
nee companies and associations
hall be taxed on . percentage Of
heir gross premiums received upon
heir business done in this State, less
eturn premiums and reinsurance in
Ompsnles or associations authoriz.
d - do business in this State. The
percentage Aforesaid shall not exceed
hree per cent for all branches Of in.
urance, bonding and surety bust
ess, except life and industrial In
urance, and shall not exceed two
Yer cent for life and industrial in.
urance. The special taxes to sup.
'ort the ohlce of fire marshall and
re prevention bureaus shall not be
deducted from the premiums hereby
authorized to be taxed, When by
the laws of any other State ~ coun.
try any taxes, fines. penalties, licen-
SEES, fees. deposits of money or Of &C.
curities, or other obligations or pro-
hibitions are imposed on insurance
bonding or surety companies Of this
State doing business in such other
State or country. or upon their agents
therein in excess Of such taxes, pen
alties, fees, licenses, deposits of mon
ey, or of securities, or other obliga-
lions or prohibitions imposed upon
such insurance, bonding or surety
companies of such other State or
country, SO long as such laws con.
tinue in force the same obligations
and prohibitions of whatsoever kind
may be imposed by the General As
sembly of this State upon insurance
bonding or surety companies of such
other State or country doing business
in this State.
Z. Irrigation canals shall be tax
ed on = percentage not to exceed two
per cent OF their gross receipts, only
such real estate and the buildings
and structures thereon, rights of