The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1912-11-02

from the date OF completion ceftalh
new canals for irrigation, navigation,
within five (5) years with capital
of not less than five millfoH dollars.
And each elector shall indicate as pro-
vided in the general election laws OF
the state whether he votes for or
against the proposed amendme
THOMAS C. BARRET.
Lieutenant Governor and President
j.. E. THOMAS.
Speaker OF the House Of Represen-
tatives.
Approval: August a4t n 1917 = A471.
Governor OF the State of Louisiana.
: ALVIN E. HEBERT,
Secretary Of State.
ACT no. IT,
Senate Bil1 No. s. BY Mr. Voegtle
Joint resolution proposing an amend
ment to the Constitution of the State
of Louisiana exempting from taxation
the legal reserve Of life insurance com
panies organized under the laws OF TINS
State.
Section 1. Be it resolved by the
General Assembly Of the State of Lou
isiana two thirds of all the members
elected to each house concurr1ng, Ihat
the following amendment to the Con
stttution of the State be submitted to
the qualified electors of the State for
theii adoption or rejection at the con-
gressional election to be held on the
first Tuesday after the first Monday IN
the month Of November, 1912. as fol-
lows:
There shall BE exempt from all tax
alton the legal reserve Of life insurance
companies organized under the laws Of
this State.
Section 2. Be it further resolved;
etc. That the official ballot to be used
at said election shall have printed
thereon the words: For the proposed
amendment to the Constitution of the
State Of Louisiana exemDting from all
taxation the legal reserve of life I'M
surance companies organized under the
laws OF this State, and the words:
"a gainst the proposed amendment to the
Constitution Of the State of Louisiana
exempting from taxation the legal re-
serve Of life insurance COMPANIES Or.
ganized under the laws of this State.
And each e1ector shall indicate as pro.
vided by the general election laws OF
the State, whether ne votes for or
against the proposed amendment.
THOMAS C.. BARRET.
Lieutenant Governor and President
= 80 $500 Z. C. THOMAS,
Speaker of the House Of Represen-
Approved: August 24th, 1912
L. Fl HALL.
Governor Of the State of Louisiana.
Secretary Of State.
ACT No II:
House Bill No. 2. BY Mr.. Roberts.
| Joint resolution submitting to the peo-
pie of Louisiana an amendment to the
Constitution reorganizfng and remodel1ns
the States system of assessment and tax
alton.
Section II Be 1t resolved by the Cen
eral Assembly OF the State Of louisiana;
SI-i.,- ,& all hnT al
to each House concurring, That the fol-
lowing amendment to the Constitution OF
the State of Louisiana be and the same
is hereby o the s t. the the qsaea Hee
election to be held on the first Tuesday
after the first Monday In the month OF
November, In the year 1912, to-wit:
| Article I.
i. The taxing power shall be exer-
cised by the State and by it's subdivis-
ions for public purposes only.
2. The taxing power shall never be
surrendered, suspended, given. commu-
fishes or municipal corporations shall
grant exemptions from parish or NUM-
| cipal taxes for period not to exceed ten
years from date Of completion to en-
courage the establishment of Industrial
enterprises, or similar exemption to inn
migrants Of the value added by them te
vacant property owned and occupied as q
homestead. such exemptions shall not be
withdrawn either as to enterprises es-
| tablished or substantially begun in good
| faith, or to immigrants who have actu-
ally acquired and improved or in good
faith begun to improve their homesteads
since the granting Of the exemption The
General Assembly on behalf Of the State
and the governing authorities of all sub
subdivision, may defer for not more thar
/ three years the collection of taxes In To-
calities subjected to overflow or other
public calamity.
| M,
power to classify all property for taxa
ton, and to adopt different rules an6
rates for different classes but such rules
and rates shall be equal and uniform or
all subjects of the same class Throughout
the territorial limits of the authority
levy1ng the tax. All such Classification
shall be based on the characteristics o.
the property itself or It's use, and never
! on persons or ownership.
a. Except in case of. foreign invasion
or domestic revolution, the General AS.
sen1bly shall not have power to levy
any ad va1oreIn property tax in excess Q:
four per cent; but the General Assembly
] shall not exceed the rate of two and one.
| half per cent except by a vote of two.
thirds Of all the members elected to eac1
Article N.
| 1. The sources of State and local rev
enue shall be segregated and, except az
hereinafter. specified. or as may be here.
after permitted by q vote Of two-thirds
Of all the members elected to each House
of the General Assembly, each taxins
/ authority shall be restricted In taxation
to its own sources Of revenue as herein
/ assigned.
z. Until otherwise provided by a vote
of two-thirds of all the members elected
| to each House of the General Assembly
the following shall be the sources O
/ State revenue:
LIST. The special taxes hereinafter pro.
yided for.
t End. All corporations, private person.
and unincornorated associations that op:
4 crate any railroad falling under the iuris
dictfon Of the Railroad Commission O.
Lonisdana street railroad; combined
i street railroad and electric light ane
power business; heating or refrigeration
/ plant (not inclusive of cold storage
/ plant, telephone line; telegraph line
whether wireless or otherwise; expires.
| lire. dining car, sleeping car, oil car re
i 9rfgerating car, or cars for any other pur
pose operating upon railroad In THU