The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1912-10-26

SuCn uutIeS ~ lSV-1L - s1cSS 9oihSh
and taxation assa3 sheEek sprescrib
ed. and such other ana fp{et3kr 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.
8. The Commission shall have pow
er to adopt and enforce such reason
able rules, regulations and modes
OF procedure, not inconsistent with
law, as it may deem proper for the
| discharge of it's duties, and to heal
and determine complaints that may b.
| made against assessments, and Other
Of it's acts, required or authorized by
| law.
8. The Commission shall have pow
er to summon and compel the at
| tendance of witnesses, to swear wit
nesses, and to compel the production
of books and papers, to take testimo
ny under commission, and to punish
| for contempt, as fully as is provided
by law for the district courts. The
| General Assembly may provide 9th
er 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
lmay file a petition setting forth the
cause of objection to such assessment
or. action of the Commission or to
either or both in Court of compe-
tent jurisdiction, at the domicile of
the Commission, against said Com
mission as defendant. Either party
may appeal to the Supreme Court of
the State without regard to the
amount involved; 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 appellate court,
shall be tried summarily and by pre-
ference 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 Sc
curity for costs, be required of it.
~. 1t shall be the duty Of the At
torney General, and the various dis
trict attorneys, on proper request or
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. A
failure on the part of such law Off
r,b
ed to perform the duties here I'M
posed upon them, shall constitute mis-
feasance in office.
Article vi.
1. After January LIST, 1914, all as |
EASEMENTS for all State purposes, ex-
cept as hereinafter provided, shall
De completed on or before April 1st
IN each year, and the taxes shall be-
come due anu payable on the first
Monday in June Of each year, and
shall become delinquent on the first
Monday in September in each year.
Zach parish and municipality shall |
lave the right to fix the date for
he completion of it's local assess
nents, and the payment of it's local
axes and licenses general and spec
al, until otherwise prescribed by the
General Assembly. Until otherwise
provided, existing laws on these sub
ects>shall be operative. Levee dis
riot taxes and forced contributions,
exclusive Of produce taxes, shall be
and become delinquent CO.
Incidentally with parish taxes.
2. Public service corporations shall
'e assessed on their physical proper
= and on their franchises separately,
ut the General Assembly shall have
over to direct the Tax Commission
o assess the property of such corpo-
ations at valuation including both
hysical property and franchises, to ,
e determined by gross receipts, or
y dividends on stocks and interest
aid on bonded debt, or by any other ,
method /.
3. incorporated banks shall be as {
essed by assessing the stockholders !
y the book value of the stock, j. e., 9
apital stock, surplus and undivided |
roftts less the assessed value of real I
state locally assessed and taxed,
nd less such further deductions of
OF less than five per cent on their
,ans and discounts to cover bad q
ebts and unearned interest as the 4
eneral Assembly may prescribe, +
hitch deduction shall be made only q
ON their surplus and undivided pro- D
is; all taxes to be paid by the y
anks and charged to the stockhold- n
rs. 9
4. Individual bankers, banking firms n
nd unincorporated banking associa- n
ons, domiciled in this State, shall
assessed on the amount of capital, Q
arplus and undivided profits actual q
employed in their business. less \
ae assessed value of real estate To- y
ally assessed and taxed. actually =
nd exclusively used and employed y
their business, and less such fur q
her Deductions not less than five per ;,
ent on their loans and discounts to n
over bad debts and unearned inter.
q as the General Assembly may pre- ;.
sribe, which deduction shall be made :
nly from their surplus and undivid =;
| profits. .
5. Foreign banks. and individual =
mixers, banking firms and unincor- n