The St. Charles herald. [volume] (Hahnville, La.) 1873-1993, 1920-10-09

Der. 1920 making said Article read as
follows:
Article 230. The following shall be ex-
empt from taxation, and no other, VIZ:
All public property. places of religious
worship. or burial, the rectories and par
sonages of churches and grounds thereun-
to appurtenant. Used exclusively as resi-
dences for the ministers in charge of such
churches all charitable institutions, all
buildings and property used exclusively
for public monuments or historical col
lections colleges and other school pur-
poses, the real and personal estate of any
public library, and that of any other Ii
brary association used by or connected
with such library. all books and philo-
sophical apparatus, and all paintings and
statuary of any company or association
kept in a public hall; provided, the prop
erty so exempted he not leased for pur-
poses Of private or corporate profit or in
come There shall also be exempt from
taxation household property to the value
of five hundred collars. There shall be
exempt from taxation for a period of ten
wears from the daIe of it's completion, any
railroad or part of railroad that shall be
constructed and completed subsequently
to January /. 1905. and prior to January
/, 1909. This exemption shall include and
apply to all rights of way, roadbeds. sid
ings, rails. and other superstructures upon
such rights of way, roadbeds or sidings;
and to all depots. station-houses, build
ings, orections and structures appurten-
ant to such railroads and the operation
of the same: but shall not include the de-
pots. warehouses. station houses and 9TH
er structures and appurtenances nor the
land upon which they are erected at ter
minaI points, ana for which franchises
have been granted and obtained whether
same remain the property Of the present
owner or owners or be transferred or as
signed to any corporation or corporations
person or persons whomsoever. and. pro-
vided further, that this exemption shah
not apply to double tracks, sidings
switches, depOtS or other improvements
or betterments, which may be construct
ed by railroads now in operation within
the State, other than extensions or new
lines constructed by such railroads
There shall be exempt from taxation the
legal reserve of life insurance companies
organized under the laws of this State
The property or real estate belonging te
any military organization of the State o
Louisiana which is used by the State
National Guard CT militia for militar,
purposes, such as arsenals or armories
while so used, shall be exempt from tax
alton. There shall also be exempt, from
taxation, loans made upon the security
of mortgages granted upon real estate
situated in this State, as well as mort
cages granted To secure said loans. ant
the notes, bonds o. other written instru
ments evidencing the said loans, whethe
in the hands of The MORTGAGE. or his o.
their transferees. and all loans made b.
life insurance companies to their policy
holders, upon the sole security of poll
cies held by the borrower in the com
pany making the loans, as well as al
notes or other written instruments evi
dencing such loans: provided, that in tn
caA of loans upon policies of life insur
ance, as aforesaid. the rate of interes
charged upon such loans does not excee'