The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1920-10-16

not he votes for or against the amend
IF. WALKER,
Speaker Of the House OF Representa-
u's' HEWITT BoUANcHAUD,
Lieutenant Governor and President OF
Xpproved: July I, 1920.
JNO. NJ. PARKER.
| Governor of the State of Louisiana
A true copy:
Secretary of State.
ACT NO. 1873. Il
House Bill No. s76-By Mr.. Claiborne
Substitute for House Bill No. 1879.
| JOINT RESOLUTION
Proposing an amendment to Article $50
of the Constitution of the State OF
Louisiana relative to exempting GER
tain industries located on the naviga-
ton Canal, New Orleans.
Section 1. Be It resolved by the Gem
eral Assembly of the State of. Louis,
lana, two-thirds of all members elected
lowing amendments to the Constitu-
ton Of the State of Louisiana be sub
mitted to the electors of the State at,
the next Congressional Election to be
held on the first Tuesday after the first
Monday in November. 1920, making
said Article read as follows
l. Article 230. The following shali De
exempt from taxation. and no other
liiEious worship, or burial. the rectories
and parsonages of churches and
. grounds thereunto appurtenant, USED
| exclusively as residences for the min
, listers In charge of such churches all
charitable institutions. all buildings
, and property used exclusively Tor pup
lie monuments or historical collections.
colleges and ether school purposes. the
real and personal estate of any public
, library, and that of aAy other library
association used by or connected with
such library, all books and philosophi-
cal apparatus, and all paintings and
statuary OF any company or associa.
ton. kept In a public hall; provided,
I the property SO exempted be not leased
: for purposes of private or corporate
profit or income~ There shall also be
: exempt from taxation household prop
erty to the value of five hundred dol
! lars. There shall be. exempt from tax
= alton for period of ten years from
. tho date of its completion. any railroad
or part of railroad that shall be con
structed and completed subsequently te
!, January l, 1905. and prior to January l
. 1909. This exemption shall include ant
to rails ali rgn nd OF May
= lures upon such rights OF way, road
: beds or sidings;. and to all depots, sta
tion-houses. buildings. erections ans
structures appurtenant to such ran
roads and the operation of, the same
: but shall not include the depots. ware
houses, stationhouSes and 9th er struc
upcn which they are erected
minal points. and for which franchise
have been granted and obtained
. whether same remain the property o
the present owner or owners, or b
transferred or assigned to any cor
poration or corporations. person or per
cons whomsoever, and, provided fur
s snsi t. double tracks, siding,
switche e., depots or other Improvement
or betterments, which may be con
y structed BY railroads now in operatio
. evsrx Ho nf extension
ID or new lines conStructed by such rail
te roads. There shall be exempt fro1
taxation the legal reserve of life insur
y laws Of this State. The property q
70 real estate belonging to any militar
hi ORGANIZATION of the State of sLouisian
s nsnd y {or tine S.ass purpose
30 such AZ arsenals or armories. while
used. shall be exempt from taxation
I'd There shall also be exempt from tai
III alton, loans made upon the security
er mortgages granted upon real esta
Of situated In this State. as well as Il
mortgages granted to secure said loan
II and the notes. bonds or other. write
III instruments .evidencing the said loan
til whether In the hands of the mortgage
ne or his or their transferees; and q
~ loans made by life insurance compani
e security Of policies held by the BIO
loans. a. well as all notes or 9th
a.
sl- loans; provided. that in the case
n. Is Aforesaid. the rate OF intere
IL charged upon such loans does an, not e 2
ice The capital, surplus and person
lse estate of every corporation organiz
ed after November 2Srd, 1912. in this Sta
We for the sole purpose of lendi
i've money on mortgages on count
IN property. situated in Louisiana at
IRE rate of interest not to exceed SIX 7
on power to negotiate and handle, bon
IN and securities issued by the vario
led | parishes and local districts and m
In. shaii be exempt from taxation !
ted twenty (20) years from the date
ar the organization Of said compani
:es provided that said compares ,E.an ssoc sh
to not less than $2b0.000; and, proyid
de- further, that in case any such corp'
ga alton shall on any loan charge the b.
Of vhether by way of commission, d
ach count or otherwise, 1t shall forfeit
ion entire exemption herein granted, a
re- be subject to taxation from the time
I'VE makes such loan; and any such G
or; porAtion handling or negotiating a
ted securities, other than those hereinabt
and mentioned shall incur a. like forfeitu
red No such corporation shall have poy
all. TO receive any money on deposit or
as do q banking business of any sort
This | all such corporations shall pc un
rior the control and supervision of the
ON; eminer Of State Banks, whose duty
Who ehaif he to report to the Attorl
lors General any violation of the condit
red OF this exemption.
be Steamship companies organized
rms hereinafter set forth, together "
Ter. their capital stock and all their pr
her. erty.i corporeal and incorporeal, 81
or 30 exempt from all taxes and licen
rom State, parish. levee and muir icipals b
this general and special, exclusive of whs
ions 9xe. shed or levee dues. Tor fit
hall years from the date of filing with
Of Asoretary of State proof that Il
liar authorized capital stock has been
tax. In full in cash. /,
Idcd No such steamship company s
1ore have the benefit of this Constitute
all provision except upon the follow
ac- conditions:
hall First-That such company shall b
for been organized and the whole of
pro- authorised capital stock paid In {
: for before January LIST. 1916.
eralI Second-That such company shat
he of