The Natchitoches enterprise. (Natchitoches, La.) 1888-1965, 1912-10-03

Districts at the regular congressional
elections held in this State the first Tues
day after the first Monday In November
every two years; and at the said congress
sional election held just prior to the ex-
piration of their respective terms
g. The Commission shall maintain an
office and have it's domicile at Baton
Rouge, and the members shall reside IN
Baton Rouge and devote their tllne s
clusively to the discharge OF their du-
ties.
4. They shall each receive salary, OF
Five Thousand Dollars per annum, De-
ginning January l, 1914, and their traV-
cling expenses, not exceeding maximum
amount to be fixed from time to time by
the General Assembly. an itemized &C
count of which shall be rendered IN an
annual report.
5. The chairman of the first Commits
sion shall be named by the appointing
Board and serve until the expiration OF
his term of office, and thereafter the
Commission shall select its own chalr-
man.
6. The Commission and the individual
members thereof shall perform such au-
ties in respect to assessment and taxa
ton as are herein prescribed, and such
other and further duties as the General
Assembly may from time to time pre-
scribe.
I. The General Assembly shall pro-
vide said Commission with an adequate
clerical force
s. The Commission shall have power TO
regulations and modes of procedure. not
inconsistent with law as 1t may deem
proper for the discharge Of its duties, ana
to hear and determine complaints ina!
may be made against assessments ana
other of it's acts required or authorized
by law.
9. The Commission shall have power
to summon and compel the attendance
Of witnesses, to swear witnesses, and 10
compel the production of books and pa
pers, to take testimony under commits
sion. and to punish for contempt, as fuily
as is provided by law for the district
courts. The General Assembly may pre-
vide other penalties for violating the or
ders 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 pet1-
ton setting forth the cause OF ob1ec-
Commission or to either or beth In
court of competent jurisdiction, at the
domicile of the Commission, against SAID
Commission as defendant. Either party
State without regard to the amount IN
volved; 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 ap-
| pelate court, shall be tried summarily.
and by preference over all other cases
the first instance either In chambers or
at term time.
IL No bond shall be required of said
| Commission in any case in any court.
nor shall advance costs, or security for
| costs, be required Of II.
| IL 1t shall be the duty OF the Attorney
| General. and the various district attor-
| neys. on proper request or direction by
| the Commission of the Governor, to aid
| the said Commission In all legal matters,
and to prosecute and defend all cases in
| accordance with such requests and direca
lions. A failure on the part Of such law
perform the duties here imposed upon
them. shall constitute misfeasance in
| office.
| l. After January LIST, 1914, an assess
ments for all State purposes. except as
hereinafter provided, shall be completed
| on or before April list In each year. and
| the taxes shall become due and payable
on the first Monday in June of each year,
| and shall become delinquent on the first
Monday in September in each year. Each
parish and municipality shall have the
| right to fix the date for the completion
of its local assessments, and the payment
| of its local taxes and licenses, general
| and special until otherwise prescribed by
the General Assembly. Until otherwise
provided existing laws on these subject:
shall be operative. Levee district taxes
and forced contributions exclusive Of
produce taxes, shall be assessed and be-
come delinquent coincidentally with par
ish taxes.
2. Public service corporations shall bs
assessed on their physical property ant
on their franchises separately but thu
Generali Assembly shall have power to di
rect the Tax Commission to assess th'
property of such corporations at valua
ton including both physical property AM
franchises, to be determined by gross re
ceiBts, or by dividends on stocks and in
tAsasst bonded deni, or ~ aliF5
/ other available method.
g. Incorporated banks shall be assessed
by assessing the stockholders in the bool
- 49, 80 -
surplus and undivided profits less the as
sessed value of real estate locally as
sessed and taxed, and less such further
deductions of not less than five per cen
on their loans and discounts to cover bad
debts and unearned interest as the Gen
eral Assembly may prescribe, which de
duction shall be made only from thei
surplus and undivided profits; all taxe
to be paid by the banks and charged t,
the stockholders.
4. Individual bankers, banking firm
and unincorporated banking associations
domiciled in this State. shall be assessed
on the amount Of capital. surplus ant
undivided profits actually employed II
their business, less the assessed value o
actually and exclusively used and en-
ployed in their business, and less sucl
further deductions not less than five pc
cent on their loans and discounts t.
the General Assembly may prescribe
, which deduction shall be made only from
their surplus and undivided profits.
5. Foreign banks and individual bank
. ers, banking firms and contemporaries
banking associations, domiciled out of TIL
State but doing business in this State
shall be assessed on such proportion o
their capital, surplus and undivide'
, profits as is actually employed in thi
, State, less the assessed value of real es
tate locally assessed and taxed, actual!
and exclusively used and employed II
, their business in this State. and les
| frrr
five per cent on their loans and dis
counts. to cover bad debts and unearn
ed interest as the General Assembl,
may prescribe, which deductions shall
: | be made only from their surplus and un
: divided profits.
g. Insurance, bonding and surety com
panies, and persons, firms and assocta
; lions engaged in the insurance, bonding
: and surety business, excluding however
fraternal insurance companies and asso
eciations, shall be taxed on percentag
of their gross premiums received upo
, their business done in this State. les
) return premiums and reinsurance in com
) panies or associations authorized to d
business in this State. The percentag
3 | for all branches of insurance, bondin
| and surety business, except life an
: Industrial insurance and shall not ex
} coed two per cent for life and industriS
! insurance. The special taxes to supper
the Office of fire marshal and fire pre-
y ventien bureaus shall not be deducte
: from the premiums hereby authorized t
! be taxed. When by the laws of any othe
' State or country any taxes, fines, pen
! alties. licenses, fees, deposits of none
i or of securities, or other obligations o
: prohibitions are imposed on insurance
l.. bonding or surety companies of this Stat
r doing business in such other State @
. country, or upon their agents therein I
excess Of such taxes, penalties, fees, II
, censes deposits Of money, or of securi
: ties, or other obligations or prohibition
: imposed upon such insurance, bondin
: or surety companies of such other Stat
! | or country, so long as such laws continu
: in force the same obligations and prohi
: billions of whatsoever kind may be i'm
o posed by the General Assembly of thi
e State upon insurance, bonding or suret
+ companies of such other State or countr
doing business in this State.
T. Irrigation canals shall be taxed o
a nercenfapa not TO exceed two ner Ger