The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1912-10-19
-7-..-.1,,,,oso ,roa,s .ess the aa-

DTS aa a may prescribe, which de-
III Asse ahan be made only from their
53acHon nd nd undivided profits; all taxes
sfpasa ND by the banks and chaTsso ~
= 2. psstockholders. banking firms
~ Individual bankers, pan ssocia lions,
md u l1il Il, This State, shall be assessed
1 sontcaie .aa,,nt of capital, surplus ana
n tne s.' nrofits actually employed IN
tndiYlau ',u;ness. less the assessed Value OF
thslf p nta4a locally assessed ana taxed
ral .s gs. and exclusively used ana EN-
sftpasn n their business, ana Tess susia
p esssa deductions not less IMAM i,ve PC e.
j tent on doh. dehts and unearned interest as
aystr nc Assembly may, prescrlpe,
he asa,ndnctfon shall be made only from
when . urn and undivided proflts.
j absF I sa,pi banks and individual bank,
4 5 IsaLing firms and unincorporated
ns 10 associations. domiciled out OF the
eshs a 5,,f doing business IN lhls otates
Xxi be assessed on sucn propoalt,pi,a ~
shsa canital surplus and undiVlned
beir e 81 ID actually employed in this
protls ,a Is the assessed value OF real es-
stale I'll, na,iv ssessed and taxed, actually
ate lsoso1ms,yely used and employed IN
snd eH h.siness in this State, and less
the,T s,rther deductions, not eess tnan
sach nsr cent on their loans and DIS
fYe w., =. 10 cover bad debts anti unearh-
teua., uterest as i the General Assembly,
INV prescribe. whlen oeu urs,,,., and nm
" made only from 'iieii '"' pAA' @1' 800
AN ylnTY as,,rance, bonding and surety com
80 nd nersons firms and assoc1a-
Eaesa .roaged4 in the insurance, bonding
Nao ,,refy business, excluding however,
ssaDsa.srnai insurance companies ana asso-
l .stisrs. shall be taxed on percehtase
est .bsir cross premiums received upon
y s., lns Witness done in this State. less
u rsaru 1 nremiums and reinsurance IN COM
fsto al, r nr associations authorized to do
pa mace in this State The percentage
a ssss.1ssd shall not exceed three per cent
ae. n branches of insurance, bonding
" VI surety business, except Ire ana
ssAashr.triala Insurance and shall not ex-
essa two per cent for life and industrial
| ,.s,rarce, The special taxes to support
m " oIics If fire marshal and fire pre-
| w. sas,, gr, bureaus shall not be deducted
t $500 the premiums hereby authorized to
|. V, tayef When by the laws OF any other
e.st an, m country any taxes, fines, PEN
.atas licenses, fees, deposits Of money
| A. II securities, or other obligations or
/ munitions are imposed on insurance,
tondsug Or surety companies of this State
s ssr,a or upon their agents therein in
sreess 81 such taxes, penaltf's, fees, II
esnses denosits Of money, or of securi-
Ase ar other obligations or prohibitions
unused upon such insurance, bonding
n surety companies of such other State
m country, so long as such laws continue
/ N force the same obligations and prohi-
tltIons Of whatsoever kind may be I'M
naspd By the General Assembly OF this
state upon insurance, bonding or surety
romantics of such other State or country
Anfnp business In this State.
t7 Irrigation canals shall be taxed on
percentage not to exceed two per cent
Of their gross receipts, only such real es-
tste and the buildings and structures
thereon. rights of way, machinery, tools
] ana implements as are necessary to the
III and covered by this tax on gross re-
cefpts. All other real estate and personal
proDertYSof the owner Of any canal shall
be locally assessed and taxed.
lsi$8 All sugar refineries, rice mills, cot
Ion seed oil mills, cotton seed oil re-
fineries and refineries Of petroleum and
Ills products shall be assessed on the fair
market valuation.
s Until otherwise provided by the
General Assembly by a vote OF two-thirds
\ 81 the members elected to each house, all
operating mines OF sulphur, salt or other
minerals all oil or gas wells, all stone
auarries. sand, gravel and shell pits shall
he taxed upon a percentage of the gross
yaiue Of the product at the mouth of
NE mine, wei, quarry or pit This per-
ceptags shall not exceed five per cent for
sulphur: three per cent for salt; two and
one-haf per cent for oil and gas, and
I've pef cent for rock and other minerals,
ssncilssivs n gravel sand and shells This,
sag shall not appfy to The product OF any
mines, atiarries or pits or oil or gas wells,
\ shere me owner other than public SER
Hce corpora tons, uses the same for his
PERSONAL purposes ana does not sell the
same or IFS products or manufacture the
s WI into another product for sale.
where gravel. sand or shells are taken
rom the beds of public waters or from
shores not subject to private ownership,
a lhe General Assembly may levy special
laxes ner cubic yard of material taken
oat ana may levy a different snecial tax
W. VI. eaeh of said objects Of taxation. The
PURPOSES and contractors engaged in Ethe
CONSTRUCTION Of anv public work for the
s n or for the United States solely for
s1e I''1rpose OF such public work are an
lhoT1zed To- take free from taxation
s s,as,,a shell or sand from the beds Of
gaol g. waters and the public shores Of
N, state Every citizen of the state
" haYe similar right to take such
, Materials for bis own personal use free
ifsm tayation. unless they are taken for
n, ne MI real and personal property Of
. WI owners ~. OF such mines wells, d11arrjes
Wy nits, eycent machinery. tools ana I'M
E wv, absolutely essential to thn on
a s,,s o. any mine. oil or gas well, stone
s w. Y. SAND. gravel or shell Dit, and ex-
| A. ha me products themselves while in
VIZ assessed and taxed. $3.50 " ~
Io All real and personal nronar+y 10
s.is ", lot local taxation shall he assessed
80 ~ percentage not to exceed 100 per
nj NJ " l!s iair market value as each To-
"a soy,erfing authority may establish
s IA y 80, iower percentage may be estab-
Il IN at ta personal than for real property
~ land values seiileiits than
sha,hl a Ell assessments of real pronertv
.ha ss svs,. ior local or for State n,rnoses
separat 49, o. the land shall he assessed
mss, from the value Of the i,nnro,,a-
ashts WE railroad, pine line and cana,
In ~ =, way. whether held in fee or IN
iram o :. se may he assessed separately
thereon ~ se.ner with, the improvements
IN s., most practicable. iiiseS
RAM, i easements shall be arrarras .rso5
ma Nh 10y as Tar as possible either ,,non
eanars, y, unnn separate records ana 4ha
sla,n,, : assembly shall mass laws Nv
pamnh,o..f me printing and rnblIcaf,on ~
NH es.n. aorna Of the records, showing.
taa IA ~ ,','nleaiiy arranged assessments
| mall price sac OF such pamphlets at a
HIM - very very. taxE>xer shall b.va AZ
MN, y. tssting the correctness ~ ~, .
ii tha =. me courts within such time
asa !, Naheral Assembly NAV rras,-i,,a.
INN, h p,nNerty shall be assessed for. a
tals r,ars sssess of the percentages ~ i+s
eagarnjne ant NC. as prescribed by the