The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1912-11-02
- ,roa,s fsss the s5-

~ .,,afrylded pfones fSs :
n .vdss 80 al real estate locally
Ed saiuee ssed. and less such tur me
eessd fno - not less than Ese a pe Ia 4
sasetoh,e aass and discounts ~ w he Gem
thsi u nm nnearned an teresist % which de-
i5sssSs ssssssu,bl7 may pIesI INV from their
edon md md undivided pro nd charged to
lspias .aid by the DaliAs -
y ~ saegholders. ,bsrs banking firms
4 fndivlduaall I'd pah banking associations,
j ! uuincorp esis state, shall be assessed
4 sneled y IL, IT, Of capital, surplus anu
L 4 The ang9soats actually employed ~ ~
4 ssdfnded psot'ih ess the assessed value o.
ssr bnsl aa locally assessed ana taae e,,
4 ssI estate Exclusively used ana en- I'M
4 .frsIlF any .,air business, and less sucil
snyea y s ansI not less than I'VE per ea
i srhsr de .ha;r loans and discounts 70
4 All % ' Arts and unearned interest," as
i sgsr baa us oeA Assembly may prescrips,
III Geahasal1ctfon shall be made e,lls iio'''
sh!ch ds sa1ns and undivided proheSy. ,r
DIR sur rpisn banks and individual pa. tad
slsrsing firms ana unihe o,, , ~ The
d y, pan : ssociations, dori11ciiea ~. e+at.
snsinSS HI doing business IN ra .naT Of
s ss he u assessed on suci an g'o undivided
", capital, surplus .. .,,s @i in this
w .sstt as IS actually e .,a,,,e ~ reg, es-
sate4 les ~, 1a assessed and taxed. actually
n bts pc s,,s,vely used and emfioyed IN
I'D EXCUSES Sela.ss in this State, and less
shdr pu s,har DEDUCTIONS, not less than
Y ath fuftn asnt on their loans and dls-
4 tFe PEI cs ever bad debts anu unearn-
counts 10 s 81 the General Assembly
III inleTes.s;;hs, which deductions shall
ray pTes aa,N from their surplun and un-
Hv'assd . pronss' bonding and surety com
ihs and persons, firms and associa-
pshles . III III the insurance, bondlng
tsas eas business, excluding however
ta5 VII Insurance companies and asso-
ts assas shall be taxed on percentage
afs s.ir gross premiums received upon
y y ln, slsIness done in this state. Tess
h s,,, Dnren1iunas and reinsurance IN ,soHI-
ea ~. II associations authoflzea 70 "
lgiaas sM i mall not exceed three per cent
tiafssssah ranches of insurance, bonding
NJ a..tv business, except life and
snt l saass Insurance and shall rot ex-
h9ss. ~ ner cent for life and industrial
eco w. The special taxes to support
tha sa.s ~ fire marshal and fire pre-
u easg hpreal,s shall not be deducted
sea N.a II. m nremiums hereby authorized to
,lNa "a when BY the laws OF any other
- ~ country any taxes, fines, pen
W. NY, II licensees fees, deposits Of money
ans secnrities, or other obligations or
y s,.S n tI are imposed on Insurance,
S avJrsss or surety companies of this State
a wv Ih,e,ness in such other State or
ssantry or upon their agents therein IN
1883 81 such taxes, penalties, fees, II
.sssps. DEPOSITS of money, or OF securi-
, M If other obligations or prohibitions
imDosed upon such insurance, bond1ns
4 !. surefv companies OF such other State
/ Il country, so long as such laws continue
! 4 foree The same obligations and prohi-
t II ans 81 whatsoever kind may be i'm
( nssd bv the General Assembly Of this
s,sfe mon Insurance, bonding or surety
/ tafnnanies Of such other State or country
SoIng business in this State.
5f Irrigation canals shall be taxed on
!, ssrrentage not to exceed two per cent
X their gross receipts, only such real es-
ss.e and the buildings and structures
4 thereon, rights OF way, machinery, tools
4 INA implements as are necessary to the
aoeratior Of any canal shall be included
ii and covered by this tax on gross re-
ssipts. All other real estate and personal
property Of the owner of any canal shall
b locally assessed and taxed.
a, All sugar refineries. rice mills. cot
ton seed oil mills. cotton seed OIL re-
flnerles and refineries of petroleum and
Hi products shall be assessed on the fair
market valuation.
4. Until otherwise provided by the
General Assembly by vote Of two-thirds
!! the members elected to each house. all
operating mines Of sulphur, salt or other
minerals oil oil or gas wells, all stone
euarries. sand, gravel and shell pits shall
be taxed upon percentage of the gross
value Of the product 1T the mouth OF
tho nihe we'll quarry or pit. This per-
eentage shall NOT exceed five per cent for
SULPHUR three per cent for salt, two and
nne.taIf Der cent for OIL and gas, and
tEo Pm cant for rock and other minerals
Inclusive o. gravel, sand and shells. This
tsy shall not apply to the product OF any
mines, anarries Or pits or oil or gas wells
where the owner, ether than public SER
ylcs corpora tions, uses the same for his
PERSONAL purposes and does not sell the
saIaa or 10 products or manufacture the
same into another product for sale
Where gravel. sand or shells are taker
rom the beds Of public waters or from
saores not subject TO private ownership
| the General Assembly may levy specia
tafes per cubic yard Of material taker
ept and may levy a different sneetal tax
/ ri each OF said objects of taxation. The
government Of the United States for any
al'fioses. and contractors engaged In the
coa'n'sSructinn Of any public work for the
Syete Or for the United States golely fol
W Ne nfrpose Of such public work are All.
lherlzed to take free from taxatbr
Esyei, shell or sand from the beas OF
gasAs g.. Wa1ers and the public sh>res OF
q. .ssr STATE e Every citizen of ne State
s,al.alaYe q similar right Is take such
/ t.sa. Ior MS own peSsoral use free
, sg.a 9a,x I'M unless tas,ey are taken TO,
lne owners Of such mines. wells n,1a rr;a.
sha plts. except machinery, tools and i'm.
mstaents absolutely essential to the op.
s naslpn OF any mine. oil or gas well. stone
s INT sane, gravel or she'll pit, and ex.
N. ~, sne products Themselves while n
~ M Aanas q the producer, shall he 10.
wv assessed ana taxed. N@'' ~
,s,a., 81 real and personal properfy re.
,ssssa iof local taxation shall he assessed
u, sasa percentage not to exceed 100 De,
w wv y. y lts fair market value as each IL.
"a spyerning authority may establish
Sss.sa ,.oWer percentage may be estab.
i n s y. ior personal than for real pronert,
III MA w values Of improvements thar
u is, #aE
sS nj u !. 81 assessments Of real propert,
IL e, ss,ra or :, local or for State PURPOSES
aear s@,se q the land shall be assessed
sssis sse ~. from the value Of the improve
rIrS Sss Pug railroad. pipe line ana cans
I M sss X way, whether held in fee or nm.
! tres a = s may be assessed senarate,,
SAsrsoruf together with, the Improvement r
i teense Us the Tax Commission n,a,
wv Il most practicable. i'ss''ti ma
III sn as far as possible either , seu
General u upon separate records ana ~.
sinss ~ Assssembly shall nass laws vs. pro re,
Riapbl ~ me printing and publication 4 !,
s fl "a ideally arranged assessrn m emf
sssIl price 9sie q such pamphlets at ,
I Tsht n s sess, faxnsSer shall have m
hs n the courts within s VI l's IN, 1
ID II snsral Assembly NAV nrescr rlf
M N Il PROPERTY shall be assessed ssse for
4 hlr ,,ar ,ssssess OF the percentage If n
sossrnpss a,,, sha'us as prescribed by tn
49, state lfcansa,