The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1912-09-07
,,,soa Fronts lass the as

49, undivided profits lass the as
IN .rias aru u'l af real estate locally as
Ed Ta VA faxed, and less such taraa aet
ssedI At, Of not less than iipe pe bad
5sdsc tig loans ard discounts 70 e tI'a CEN
sss,s and a W., may prescribe, which oe-
.sI AssenIillomiS he made only from their
lgstion s.ldn undivided profits; All taxes
n grpIas an ~ ~ the banks and charged 70
b stockkir,d,,al bankers, banking IirIlls
llffnurorporated banking assooi sa. tas,sfS
, pfd in this state. sflall s uI and
q the ne aiit Trofits actually employed III III
III satIYtdeQ, ,ass less the assessed value q
sser pns s.a Ideally assessed and taNed'
al estate ovclusively used and en-
atpails =, ~. .i,air business, and less sucN
hsyed II.dnctions not less than hFe per
lgheE Their their loans and discounts ~
sal had debts and unearnea laseisss .l.'
n be Genel laeti shall be made only from
mich as s,,l.,s and undivided profits.
tsr shlp;a hanks and individual pank-
f0re ..,5g firms. and contemporaries
Hs eahaas.s nS domiciled out OF the
@nshss q, a' doing business in this States
ststs y, -. assessed on such proportioIi ~ "
faI ccapital, surplus ana ull "a VIZ
~ is,sts as is actudiiy e.iiI' - ,,oal as
ff5Ias lass the assessed value OF real Els
saie. le a1I,, assessed and taxed. actually
Il se ps sI,eiveIy used and employed IN
Ind e1 nnsiness in this State, and less
.helr a,rtbar deductions, not less tnan
s1ca ~. aent on. their loans and dls-
Hfe !, ~ 70 cover bad debts ana uneaLn-
feai ..ntarest as the General Asselnph;n,
g g. 'A oarescribe, which Deductions si 10
nsy x 3, onIy from their surplus ana IN
sirided profits. -. a s,,re+v com
.il ld persons, firms and assocla-
psnles o., s cod in the insurance, bondlng
pG!Es ut business, excluding however
saa sui 81, insurance companies and asso-
h' a,s,as shall be taxed on a percentage
s g tber gross premiums received upoa 20.
y ], lhs h,,einess done in this State. less
lhell pn aramiu,ns and reinsurance in com
lftulil nr associations authorized to Go
pates IN this State. The percentage
a aasansaia shall not exceed three per cent
slo'. III branches Of insurance, bonding
81 snretv business, except life and
ssllal.st,1al insurance and shall not ex,
VA two per cent for life and 1nduslrlaI
ssrance. The special taxes to support
msu. e.4ce of fire marshal and fire pre-
w . IN bureaus shall not be deducted
ssnuV The premiums hereby authorized to
N p0 toxad when by the laws Of any other
n Y mr. country any taxes. fines, pen
s ssas licenses, fees, deposits of money
\" ii securities, or other obligations or
snSibitions are imposed on insurance
Eondlng or surety companies OF this State
4 5dng business IN such otler 4t state o. o.
anntrv, or upon their agents therein IN
q .yesss of such taxes, penalties, fees, IL
NJ .snses deposits of money, or of secur1-
Il ,ss Or other obligations or prohibitions
q imnosed upon such insurance, bonding
, y surety companies Of such other State
q " country, SO long as such laws continue
= 4 force the same obligations and prohi-
sitions Of whatsoever kind may be inn
narad nv the General Assembly Of this
state upon insurance. bonding or surety
NJ sampanies Of such other State or country
q 8Ding business in this State.
&TT Irrigation canals shall be taxed or
percentage not to exceed two per cent
n IN their gross receipts, only such real es-
iate and the buildings and structures
thereon rights of way, machinery, tools
and implements as are necessary to the
oDeration of any canal shall be included
VI N and covered by this tax on gross re-
\ rpipts. All other real estate and persona
nroperty Of the owner of any canal shall
& IL locally assessed and taxed.
n s. All sugar refineries, rice mills, cot
ion seed oil mills, cotton seed oil re-
Aneries and refineries of pretroleum an,d
its products shall be assessed on the fall
market valuation.
D. Until otherwise provided by the
4 General Assembly by vote of two-thirds
bf The members elected to each house. al
operating mines Of sulphur, salt or other
4 minerals, all oil or gas wells, all stone
quarries. sand. gravel and shell pits shall
u III taxed upon percentage of the gross
salue Of the product at the mouth o.
n the frines well, quarry or pit. This per.
fsntage shall not exceed five per cent fol
& s3phar. three per cent for salt; two an6
pHesEiaH per cent for oil and gas, afli
4 sNa per cent Tor rock and other minerals
atasfYe of gravel, sand and shells. Tlii:
h ssas shall not apply to the product of any
B mines, qiarries or pits or oil or gas wells
where the owner, other than public ser,
\ vice corporations, uses the same for iii.
4 PERSONAL purposes and does not sell thu
4 sanne or Its products or manufacture thu
same into another product for sale
Il Where gravel. sand or shells are takel
4 from the beds Of public waters or from
shores not subject to private ownership
. the General Assembly may levy specia
4 taxes per cubic yard of material takel
out and may levy different special ia.
Il tor each Of said objects of taxation TIL
Government Of the United States FRI: an,
pnrposes, and contractors engaged In tn
Y construction of any public work for th
State or for the United States solely 70
NE purpose OF such public work are All
fhoriSed to take free from taxation
4 grayel shell or sand from the beds Q
I public waters and the public shores o
fne State. Every citizen of the Stat
4 stall have similar right to take sue
materials for his own personal use ire
nom taxation, unless they are taken 70
Wiz, All real and personal property q
lhe owners of such mines, wells quarrie
sha pits, except machinery, tools and i'm
dement's absolutely essential to the op
efatien OF any mine, oil or gas we'll, ston
4 quarry. sand, gravel or shell pit, and ex
sept the products themselves while
ne hands Of the producer, shall be 10
4 alY assessed and taxed.
Il G Al real and personal property re
served for local taxation shall be assesse
u such percentage not to exceed 100 pc
sspt OF It's fair market value as each 1e
III governing authority may establish
A n W. lower percentage may be estat
Asifed 1ar personal than for real propert
q y !. ior the values of improvements tina
q for land values.
4 It'll, an all assessments Of real propert
Nsasther for local or for State purpose
IT, Naine OF the land shall be assesse
m spts from the value of the improve
4 rIs ra.s' put railroad, pipe line and cam
3 N.Y. asH.s OF way, whether held in fee or ur
A ~, NJ easement, may be assessed separate
i ,1s or together with, the improvement
a aeon as the Tax Commission ma
wan ~ most practicable.
r,snh, assessments shall be arranged get
tSSa H. .nn as far as possible either upr
4 cs,a .oi or upon separate records and Il
ys Eltssai assembly shall pass laws pr
4 ps a,,S ,af the printing and publica ton
u Feb hpa ~ form OF the records, showir
4 s .sa geographically arranged assessment
small price. = 9''o'i ps'''ipiiiets az
& no.. - Every taxpayer shall have Il
y ses s, " testing the correctness of his a
4 as .h In the courts within such tin
INA ~. ~ General Assembly may prescrib
NM, Y, :, property shall be assessed for
n yair ~, ~ excess of the percentage of |
Il eovarn; ,,n st value, as prescribed by t