The true Democrat. [volume] (Bayou Sara [La.]) 1892-1928, 1912-09-28
surplus and undivided profits.


sociatioas engaged in the insurance,
bonding o4G surety business, eXclud-
ing, however, fraternal insurance COM
panies and associations, shall be tax
ed on a percentage OF their gross
premiums received upon their bus
mess done in this State, less return
premiums and reinsurance in compa-
MES or associations authorized to do
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 of
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
!, To-, cot
, 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.
7. Irrigation canals shall be taxed
' on 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.
: 8. 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
f General Assembly by a vote of two
S thirds Of the members elected tC
each house, all operating mines OF
sulphur, salt Or other minerals, all 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, well, quarry or pit. This per
centage shall not exceed five pei
cent for sulphur; three per cent for
salt; two and one-half per cent for
oil and gas, and two per cent fol-
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 thar
public service corporations, uses the
same for his personal purposes and
does not sell the same Or its 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
i not subject to private ownership, the
t General Assembly may levy specia
: taxes per cubic yard of material tax
| ell out and may levy a different spec
a ial tax for each of said objects OF
I taxation. The Government of the
;: United States for any purposes, and
i contractors engaged in the construc
r ton of any public work for the State
= or for the United States solely fol
i the purposes of such public work are
: authorized to take free from taxation
e gravel, shell or sand from the beds
e Of public waters and the public shore!
j. Of the State Every citizen of the
J. State shall have a similar right t
!, take such materials for his own per
e sonal use free from taxation, unless
, they are taken for sale. All rea
and personal property of the owners
Il Of such mines, wells, quarries and pit
: except machinery, tools and nipple
?, ments absolutely essential to the Oh
e GRAFTON of any mine, oil or gas we'll
n stone quarry, sand, gravel or shell
J. pit, and except the products them
h selves while in the hands of the pro
o Queer, shall be locally assessed ant
" taxed.
il 10. All real and personal propert.
+ reserved for local taxation shall b.
assessed at such percentage not t
3 exceed 100 per, cent of its fair mar
s ket value as each local gOvernin!
=, authority may establish, and a lowe
d percentage may be established TO
al personal than for real property o
|, for the values Of improvements thai
If for land values.
If II. In all assessments of real prop
d erty whether for local or for Stat
le purposes, the value Of the land shall
e, be assessed separately from the valu
y Of the improvements; but railroad
o. pipe line and canal rights Of way
le whether held in fee or under ease
J. ment, may be assessed separated
from, or together with, the improve
is ments thereon as the Tax Commissio
a. may deem most practicable.
ii 12 Assessments shall be arrange
geographically as far as possible eitf
! IL