The Era-leader. [volume] (Franklinton, La.) 1910-current, 1912-09-12
u 20 80 y 81 = q rs Il
surplus and undivided pr6iIts.

b sociatio1s engaged in the insurance
bonding ..4a surety business, exclu
ing, however, fraternal insurance col
panies and associations, shall be ia,
. ed on percentage of their gros
d premiums received upon their bu
y mess done in this State, less retur
premiums and reinsurance in comp;
! MES or associations authorized to d
:. business in this State. The percent
: age aforesaid shall not exceed thre
= per cent for all branches of insul
!. ance, bonding and surety business
except life and industrial insuranc
and shall not exceed two Per cen
? for life and industrial insurance. Til
: special taxes to support the office 0
fire marshal and fire prevention bu
: reaus shall not be deducted from tn
: premiums hereby authorized to b,
5 taxed. When by the laws Of any 9th
l err state or country any taxes, fines
: penalties, licenses, fees, deposits O
money or OF securities, or other obi
2 cations or prohibitions are imposed
: on insurance, bonding or surety com
: panies Of this State doing business
i'll such other state or country, or up
on their agents therein in excess Of
such taxes, penalties, fees, licenses
deposits OF money, or of securities
or other obligations or prohibitions
imposed upon such insurance. bond
ing or surety companies of such 9th.
err State or country, so long as such
laws continue in force the same oh.
| 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
and structures thereon, rights of way,
machinery, tools and implements as
are necessary to the operation of
any canal shall be included in aud
covered by this tax on gross receipts.
Ali other real estate and personal
property of the owner of any canal
shall be locally assessed and taxed.
s. All sugar refineries, rice mills,
cotton seed oil mills, cotton seed oil
reflneries and refineries of petroleum
and its products shall be assessed on
the fair market valuation.
9. Until otherwise provided by the
General Assembly by vote of two
thirds of the members elected to
each house, all operating mines of
sulphur, salt or other minerals, all oil
or gas wells, all stone quarries, sand,
gravel and shell pits shall be taxed
upon a percentage Of the gross value
of the product at the mouth Of the
mine. we'll, quarry or pit. This per-
centage shall not exceed five per
cent for sulphur: three per cent for !
salt; two and one.half per cent for
oil and gas, and two per cent for !
rock and other minerals, inclusive of |
gravel, sand and shells. This tax
shall not apply to the product of any
mines, quarries or pits or Oil or gas
wells, where the owner, other than
public service corporations, uses the
same for his personal purposes and
1oes not sell the same or its pro.
iucts or manufacture the same into
mother product for sale. Where gray
u, sand or shells are taken from the
'eds Of public waters, orfrom shores
lot subject to private ownership. the
'eneral Assembly may levy special
axes per cubic yard of material TAX
n out and may levy a different spec.
al tax for each of said objects of
axation. The Government of the
United States for any purposes, and
ontractors engaged in the construc. I
ion of any public work for the State :
for the United States solely for
ne purposes of such public work are
to take free from taxation I
ravel, shell or sand from the beds t
public waters and the public shores
the State. Every citizen of the
tate shall have similar right to
Ike such materials for his own per.
onal use free from taxation, unless
ley are taken for sale. All real h
nd personal property of the owners
such mines, wells, quarries and pits
Except machinery, tools and imple- Il
tents absolutely essential to the op. Il
ration OF any mine, oil or gas we'll, 6
.one quarry, sand, gravel or shell h
i. and except the products them =
lives while in the hands of the pro. 3
1cer, shall be locally assessed and b
xed. a
10. All real and personal property ii
served for local taxation shall be
;sessed at such percentage not to
iceed 100 per cent of its fair mar. p
It value as each local governing b
lthority may establish, and lower b!
'rcentage may be established for =.
'rsonal than for real property or y
r the values of improvements thanr
r land values. ST
IL. In all assessments of real prop W
ty whether for local or for State m
|rposes, the value of the land shall 9,
assessed separately from the value -
the improvements: but railroad. 81
pc line and canal rights Of way, &C
neither held in fee or under ease
snt, may be assessed separately -,
I'M, or together with, the improve. -
snts thereon as the Tax Comm ssion DC
~ deem most practicable. wi
IL. Assessments shall be arranged re