The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1912-09-28
! que in each locality where such real
| estate is located


foreign or domestic, and al persons
and partnerships engaged in insur-
ing persons or property, save that
al; the real estate and cOrp0real
property of such companies. persons
or partnerships shall be locally as
sessed and taxed.
9Th. All sugar refineries. rice mills,
cotton seed Oil mills, cotton seed OIL
refinerics and refinertes Of petroleum
and its products. \ sugar refinery
is hereby defined to be Il concern
that buys and refines raw sugar eX-
ciuSiyely, or a concern that buys ana
refines more raw sugar than the ag-
gregate Of the sugar produced by IT
FROM cane grown and purchased by
it.
9Th. All mines OF sulphur, salt or
other minerals, all OIL or gas wells,
all stone quarrieS, sand, gravel ana
shell pits
3. only the operative property Of
state sources of revenue shall be
segregated 10 the State. The Gener-
Il. Assembly shall define, in 4 man
ner not inconsistent with any pro-
visions Of this amendment what the
operative property OF each such
source is. Real estate and the i'm
prOFements thereon forming part OF
any railroad terminal, depot or yard
| or warehouse or shop. acquired after
July J. 1872. even thau@h it may form
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Tho General As ... ...
mower to la1y far purposes the
fouoWiu@ special taxes.
1. 4 tax on the transfer OF stocks
in CORPORATIONS not 10 exceed . cents
a share.
2 A tax on the organization Of
domestic corporations, 0rwauizod for
profit. excepting banks. fratcrnaI in
surauce companies. and buiId;ne and
loan or homestead associations. not
to exceed ten dollars flar, Dlus not
to exceed oue-twcntieth or one per
cent Of the authorized capitol stock
and surplus, which tax shall BE ley
; led upon Increase Of captai tack
as wen as upon Original is uas
3. A tax on private CORPORATIONS,
organized for profit. for tha privilege
OF exercising corporate functions. not
: to exceed one-tWcntieth IF one per
cent per annum on the outstanding
capital stock and surplus. excluding
banks, frateTnal and life insurance
companies and building and loan or
homestead associations; no such tax
to be less than five dollars. On for
eign corporations this tax shall be
levied on such proportions of their
capital stock and surplus as is used
in this State in interstate business.
In lieu Of the franchise tax on CAPT
tai and surplus, life insurance COM
, panies, foreign and domestic, not in
! Guiding fraternal insurance assocfa-
I tons, shall pay annually flat fee of
$4,000 plus $3.50 on each $4,000. 90
of premiums collected In Louisiana
during the preceding year.
4. An annual ad valorem tax on
ali automobiles and taxicabs. and al
. so on all other auto-drivon vehicles
used for transportation Of persons Or
5 freight for hire, with permission to
the local government Of the resi-
dence of the owner to levy an annual
license tax not to exceed $500. one
/ half Of the proce Dis OF this state
, tax collected from each owner shall
2 go TO the State good roads funds;
; the remaining mojety Of such tax
shall be paid over BY the state to
the governing authority OF the locah'
ty from which the machine is regis
: tered, to be devoted exclusively by
r such governing authority to the m
< provement Of the public highways
2 within its jurisdiction.
! 5. A tax on cotton future con-
:. tracts, in lieu Of all licenses 10 lu-
| ture brokers', Of not more than flf-
= fpan lace than ten cents on