The Era-leader. [volume] (Franklinton, La.) 1910-current, 1912-10-03
surplus and undivided profits.

companies. and persons, firms and as
sociaticps engaged in the insurance,
bonding ..-.s. surety business, exclua'
ing, however, fraternal insurance COM
panies and associations, shall be tax
ed on 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
ner 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 bn-
reaus shall not be deducted from the
premiums hereby authorized to be
taxed. When by the laws OF any oth-
er state or country any taxes, tines,
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 serurltles'
or other obligations or prohibitions
imposed upon such insurance, bond
ing or surety companies of such 9TH
er State or country, so long as such
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.
| Z. Irrigation canals shall be taxed
on a percentage not to exceed two
per cent of their gross receipts, only
= such real estate and the buildings
t and structures thereon, rights OF way,
, machinery, tools and implements as
;. are necessary to the operation OF
I any canal shall be included IN ana
+ covered by this tax on gross receipts.
All other real estate and personal
I property of the owner of any canal
e shall be locally assessed and taxed.
81 8. ALI sugar refineries, rice mills,
e cotton seed oil mills, cotton seed oil
!, refineries and refineries of petroleum
> and its products shall be assessed on
= the fair market valuation.
h 9. Until otherwise provided by the
Il General Assembly by vote OF two
= thirds of the members elected tt
each house, all operating mines o.
:. sulphur. salt or other minerals, all OF
=, =. or gas wells, all stone quarries, sand
, gravel and shell pits shall be taxet
> upon a percentage of the gross value
of the product at the mouth Of the
t. mine, we'll, quarry or pit. This per
j. centage shall not exceed five pei
'r cent for sulphur; three per cent fol
e salt; two and one-half per cent fo1
n oil and gas, and two per cent fo1
e rock and other minerals, inclusive o
e gravel, sand and shells. This tai
A shall not apply to the product of an!
: mines, quarries or pits or oil or ga
= wells, where the owner, other thai
=, = public service corporations, uses tn
- same for his personal purposes AM
does not sell the same or its pro
ducts or manufacture the same int
another product for sale. Where gray
g. ell, sand or shells are taken from tn
Z. beds Of public waters, orfrom shore
IL not subject to private ownership, tn
st General Assembly may levy specia
e taxes per cubic yard Of material taxi
st en- out and may levy a different spec
ID ial tax for each Of said objects o
st taxation. The Government Of tn
+. tinted States for any purposes, an
II contractors engaged in the construt
Or ton Of any public work for the Stat
8. or for the United States solely TO
al the purposes Of such public work ar
&C. authorized to take free from taxatio
ne gravel, shell or sand from the bed
sc of public waters and the public shore
b. of the State. Every citizen of tn
Is. State shall have similar right
IS, take such materials for his own PEI
be sonal use free from taxation. unles
% they are taken for sale. All rel
anu pcI0VAd4 QAOPC1y " INC O"AAOA
all of such mines, wells, quarries and pi
,r- except machinery, tools and tmpl
", ments absolutely essential to the o.
We Grafton Of any mine, oil or gas vel
on stone quarry. sand. gravel or she
20 pit, and except the products then
tn selves while in the hands of the pr
to Queer, shall be locally assessed an
or taxed.
ISL 10. All real and personal proper
ler reserved for local taxation shall
assessed at such percentage not
as exceed 100 per cent Of It's fair ma
,rs ket value as each local governir
e.. authority may establish, and low
led percentage may be established fl
cal personal than for real property
ed, for the values of improvements thu
of for land values.
cir II. In all assessments of real pro
lad erty whether for local or for Sta
the purposes, the value Of the land shf
be, be assessed separately from the val
My of the improvements; but railroa
ro- pipe line and canal rights Of wa
the whether held in fee or under cas-
I'D ment, may be assessed separate
from, or together with, the impro'
ms ments thereon as the Tax Commssi
cia. may deem most practicable.
,o11 20 A~.ooc,,or%, oLon 10 orropO