The Era-leader. [volume] (Franklinton, La.) 1910-current, 1912-10-31

beginning January /, 1914, and their
travelling expenses, not exceeding
maximum amount to be fixed from
time to tine by the General Assem-
biz. en- tented account of which
shall be rendered in an annual re"
port.
5. The chairman of the first Com
mission shall be named by the ap'
pointing Board and serve until the
expiration of his term OF office, ana
thereafter the Commission Shall Sc
lect it's own chairman.
6. The Commission and the indivld'
ual members thereof shall perform
such duties in respect to assessment
and taxation as are herein prescrlb-
ed, and such other and further du-
ties as the General Assembly may
from time to time prescribe.
7. The General Assembly shall pro-
vide said Commission with an ade'
quate clerical force.
s, The Commission shall have pow
err to adopt and enforce such reason
able rules, regulations and MODES
Of procedure, not inconsistent win
law, as it may deem proper for inc
discharge of its duties, and TO near
and determine complaints that may De
made against assessments, and other
If it's acts, required or authorized by
law.
g The Commission shall have pow
or to summon and compel the at
tendance of witnesses, to swear VIII
nesses, and to compel the productloll
OF books and papers, to take testlmo-
nv under commission, and to puil!su
for contempt, as fully as is PROVIDED
by law for the district courts: me
| General Assembly may provide ON
or penalties for violating the orders
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 file a netition setting forth the
cause Of objection to such assessment
or action of the Commission or 10
either or both in a Court of compe.
tent jurisdiction, at the domlcae OF
the Commission, against said Com
mission as defendant. Either party
may appeal to the Supreme Court OF
the State without regard to tae
amount involved; such appeals 10 oe
returnable within ten days after tne
date that the decision Of the lower
Court becomes final. All such cases
both in the trial and appellate court
shall be tried summarily and by pre-
ference over all other cases. Sucf
cases may be tried in the court o
the first instance either in chambers
or at term time.
II. No bond shall be required 0
said Commission in any case in an!
court. nor shall advance costs or Sc
curity for costs, be required OF 1t.
-. It shall be the duty of the At
torney General, and the various dis
trict attorneys, on proper request o
direction by the Commission or the
Governor. to aid the said Commission
in all legal matters, and to prosecute
and defend all cases in accordance
with such requests and directions. 4
failure on the part Of such law OIL
GERS, when so requested or direct
ed to perform the duties here I'm
posed upon them, shall constitute NIL
. feasance in office.
\ Article vi.
| /. After January list, 1914, all as
sessments for all State purposes, ex
cept as hereinafter provided. shal
be completed on or before April Is
in each year, and the taxes shall be
come due and payable on the firs
Monday in June Of each year, an
shall become delinquent on the frs
Monday in September in each year
!, Each parish and municipality shall
have the right to fix the date TO
the completion Of it's local assess
, ments, and the payment of its loca
, taxes and licenses general and spec
ial, until otherwise prescribed by tn
: General Assembly. Until otherwis
provided, existing laws on these sui
iects shall be operative. Levee dif
trict taxes and forced contributions
: exclusive Of produce taxes, shall b
1 assessed and become delinquent &C
8 Incidentally with parish taxes.
2. Public service corporations sha
: be assessed on their physical proper
: ty and on their franchises separately
E but the General Assembly shall hav
: power to direct the Tax Commisslo
. to assess the property Of such corpt
I rations at valuation including bot
J. physical property and franchises,
3 be determined by gross receipts. {
by dividends on stocks and interes
q paid on bonded debt, or by any othe
+ available method.
J. 3. incorporated banks shall be a
!, sessed by assessing the stockholdel
= = on the book value of the stock, !.
;. capital stock, surplus and undivide
: profits less the assessed value OF re
q estate locally assessed and take
and less such further deductions
not less than five per cent on the
loans and discounts to cover ha
debts and unearned interest as Il
General Assembly may prescrlb
which deduction shall be made on
r from their surplus and undivided pr
a fits; all taxes to be paid by Il
# banks and charged to the stockton
It ers.
d 4. Individual bankers, banking firn