The true Democrat., 1912-09-14

hlg. 'zed account of which
s1~4- Nv :e4dered in an annual re-
port.
| ). The chairman of the first Com
mission shall be named by the ap-
pointing Board &nd serve until the
! expiration Of his term of office, and
thereafter the Commission shall Sc
! lect its own chairman.
s. The Commission and the indiyid-
ual members thereof shall perform
such duties in respect to assessment
and taxation as are herein preScrib-
ed. and such other and further du-
! ties as the General Assembly may
from time to time prescribe.
7. The General Assembly shall pro-
vide said Commission with an ade-
quate clerical force.
S. The Commission shall have pow
er to adopt and enforce such reason
able rules, regulations and modes
Of procedure, not inconsistent with
law, as it may deem proper for the
discharge Of its duties, and to hear
and determine complaints that may be
made against assessments, and other
Of its acts, required or authorized by
law.
8. The Commission shall have pow
er to summon and compel the at
tendance Of witnesses, to swear wit
nesses, and to compel the production
Of books and papers, to take teStimO'
ny under commission, and to punish
for contempt, as fully as is provided
by law for the district courts. The
General Assembly may provide 9th
er penalties for violating the orders
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 a Detition setting forth the
cause of objection to such assessment
Or action of the Commission or 10
either or both in a Court of colnre-
tent jurisdiction, at the domicile Of
the Commission, against said Com
mission as defendant. Either Lar,y
may appeal to the Supreme Court Of
the State without regard to the
amount involved; such appea 0 be
returnable within ten days 3fter the
date that the decision Of tn lower /
Court becomes final. All sN,h c"s 8, !
both in the trial and appellate cOurt. /
shall be tried summarily a@d by pre- |
ference over all other cas- s. Such .
cases may be tried in the court of
the first instance either il Cha!2 bers .
Or at term time.
II. No bond shall b re ,ured Of .
said Commission in any Sc in any .
court, nor shall advance cots Or Sc
2urity for costs, be required Of it.
12. It shall be the du OF the At
.orney General, and the various dis
trict attorneys, on proper request or
direction by the Commission or the
Governor, to aid tn said Commission
n all legal matters, and to prosecute
md defend all cases il accordance
With such requests and direction A
allure on the part OF such law Off
;ers, when so requested or direct
ID to perform the duties here m
'oSed upon then, shall c1nsti ute mis-
easance in office.
Article VI.
/. After January 1st, 1914, all as
essments for all State purposes, ex-
ept as hereinafter provided, shall l
e cOmplet d on or before April 1st
n each year, and the taxes shall be- +
ONE due az payable on the first 6
1Onday ii June of each year, and !
hall become delinquent on the first +
Iondar in September in each year. i
Iach parish and municipality shall g
ave the right to fix the date for +
le completion Of its local assess q
lents, and the payment of it's local +
axe 5 and licenses general and spec 2
u, until otherwise prescribed by the Q
eneral Assembly, Until otherwise =
roVided, existing laws on these sub n
cts shall be operative Levee dis s
let taxes and forced contributions, +
Xclusive of produce taxes, shall be 6
5sessed and become delinquent CO. :,
lcidenitally with parish taxes. -
,. Public service corporations shall q
; assessed on their physical proper e
and on their franchises separately, n
It the General Assembly shall have q
ever to direct the Tax Commission g
assess the property Of such corro- D
tIons at a valuation including both &
lysical property and franchises, to d
, determined by gross receipts. or T.
dividends on stocks and interest
lid on bonded debt, or by any other p,
'ailable method. ~ ~
3, incorporated Banks shall be as e,
ssed by assessing the stockholders k
the book value Of the stock, j. e., a
pital stock, surplus and undivided p,
ofits less the assessed value of real pG
tate locally assessed and taxed, fC
ID less such further deductions of fc
It less than five per cent on their
ans and discounts to cover bad e1
BITS and unearned interest as the n,
oneral Assembly may prescribe, b.
1ich deduction shall be made only of
)m their surplus ana undivided pro nj
S; all taxes to be paid by the W
nks and charged to the stOckhoId- m
s. fir
Individual bankers, banking firms m
d unincorporated banking associa- m
ms, domtCjled in this State, shall
assessed on the amount of capital, &c
rpIus and undivided profits actual er