Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1912-09-20

DistIlcts az the regular congressionaa
| elections held In this State the Arst Tues
day after the first Monday In November
every two years; and at the said congress
sional election held Just prior to tine ex-
piratlon Of their respective terms.
3. The Commission shall maintain an
office and have Its domicile at Baton
| Rouge. and the members Shall reside in
Baton Rouge and devote their time ex-
clusively TO the discharge or their du-
ties
4. They shall each receive a salary Of
Five Thousand Dollars per annum. be-
ginning January !, 1914, and. their trav-
cling expenses. not exceeding a maximum
amount to be fixed from time to time by
the General Assembly, an itemized ac-
count OF which shall be rendered IN an
5. The chairman OF the first Commits
| sion snail be named by the appointing
board and serve until the expiration OF
man.
s. The Commission and the individual
members thereof shall perform such du-
| 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-
z. The General Assembly shall pro-
clerical force.
ADOPT and enforce such reasonable rules,
| regulations and modes Of procedure, not
inconsistent with law as II NAV deem
proper for the discharge Of fits duties. and
| 10 near and determine complaints that
may be made against assessments. and
by law.
9. The Commission shall hate power
to summon and compel the attendance
or witnesses, to swear witnesses, and to
compel the production Of books and pa
pers, to take testimony under commits
sion; and to punish for contempt. as fully
as is provided by law for the district
courts. The General Assembly may pro-
vide other penalties for violating the or
ders OF the Commission.
10. II any person, Arm, association or
corporation shall be dissatisfied with the
assessment made or action taken by the
commission, such party may nle petit
ton to such assessment or action of the
Commission or to either or both in
court OF competent Jurisdiction. at the
domicile OF the Commission. against said
Commission as defendant : Either party
| may appeal to the Supreme Court Of the
State without regard to the amount In
vG ,.se such appeals 70 be returnahle
decision Of the lower court becomes final
All such cases, both in the trial and ap-
peilate court. shall be tried summariiy.
Such cases may be tried in the court OF
at term time.
IL No bond shall be required of said
Il Il.
nor shall advance costs, or security for
costs, be required OF n.
IL It 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
ana 10 prosecute and defend all cases in
aasccordance With such REQUESTS and direc-
| officers. when so requested or directed To
perform the duties here imposed upon
them, shall constitute misfeasanee in
Article vi.
AFTER January LIST, 1914. All assess
ments for all State purposes. except as
on or before April list in each wear. ana
the taxes shall become due and payable
on the first Monday In June. OF each year
a ana shall become DELINQUENT on the first
Monday In September in,each year Each
parish and municipality shall have the
r1gnt 70 flx the date for the completion
OF It's local assessments, ana the payment
OF its local taxes and licenses, general
ana special, until otherwise prescribed by
the General Assembly. Until otherwise
provided. existing laws on these subjects
snan De operative Levee district taxes
produce taxes. shall be assessed and be-
come delinquent coincidentally with par
fish taxes
assessed on their physical property and
on their franchises separately, but the
General Assembly shall have power 70 III
rect the Tax Commission to assess the
property OF such corporations at valua-
ton including both physical property and
franchises, 70 be determined by gross re-
ceipts. or by dividends on stocks and in
o eeheSt paia t on bonded debt or by any
8. Incorporated banks shall be assessed
BY assessing the stockholders in the book
value OF the stock, L e., capital stock.
sessed value of real estate locally as
sessed and taxed. and less such further
deductions OF not less than I'VE per cent
on their loans and discounts to cover bad
debts and unearned interest as the Gem
eral Assembly may prescribe, which de-
duction shall be made only from their
surplus and undivided profits: all taxes
the stockholders.
4. Individual bankers, banking firms
and unincorporated banking associations,
domiciled In this State, shall be assessed
on the amount OF capital, surplus and
undivided profits actually employed in
their business. less the assessed value Of
real estate locally assessed and taxed.
actually and exclusively used and en-
ployed in their business, and less such
further deductions not less than I'VE per
cent on their loans and discounts to
the General Assembly may prescribe.
which deduction shall be made only from
their surplus and undivided profits.
.. Foreign banks and individual bank
banking associations. domiciled out OF the
state but doing business in this State,
shall be assessed on such proportion OF
their capital, surplus and undivided
profits as is actually employed in this
State, less the assessed value of real es-
tate locally assessed and taxed. actually
and exclusively used and employed IN
their business In this State and less
such further deductions, not less than
five per cent on their loans and dis
counts. to cover bad debts and unearn-
ed interest as the General Assembly
may prescribe. which deductions shall
be made only from their surplus and I'M
divided profits.
6. Insurance. bonding and surety COM
panies, and persons. firms and associa-
tons engaged In the insurance. bonding
and surety business, excluding however.
fraternal insurance companies and assoc
Citations, shall be taxed on a percentage
OF their gross premiums received upon
their business done In this State. less
return premiums and reinsurance In COM
business IN this State The percentage
aforesaid shall not exceed three per cent
for all branches OF insurance, bonding
and surety business, except life and
industrial insurance and shall not sx-
coed two per cent for life and Industrial
the once Of IRE marshal and fire pre-
vention bureaus shall not be deducted
from the premiums hereby authorized 70
be taxed. When by the laws Of any other
State or country any taxes, fines. PEN
alties. licenses, fees. deposits of money
or Of securities. or other obligations or
prohibitions are imposed on Insurance, |
bonding or surety companies OF this State
doing business IN such other State or
country. or upon their agents therein in
censes, deposits Of money, or Of securi-
tfea or other OBLIGATIONS or nrohfhfffons