The St. Charles herald., 1920-10-23

ber. 1920, making said Article read as
follows:
Article 220 The following SHAH be ex-
emit from taxation. and no other' VIZ
All public property. places OF rehgiouS
worship. or burial, the rectories ana par
sonages Of churches and grounds thereuh-
ia nunurt.unnt reed exclusively AS resi-
dcucos for the ministers in charge OF such
churches all charitable institutions, all
buildings and property used exclusively
for public monuments or historical col
loctions. colleges and other school pur-
poses the real and personal estate OF any
nubic library and that of any other Ii
brary association used by or connected
with such library all books and philo-
sonhicaI 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 dollars. There shall be
exempt from taxation for a period of ten
years from the date of its completion any
railroad or part Of railroad that shall be
constructed and completed subsequently
to January /, 1905, and prior to January
l. 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
minal 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 to
any military organization of the State of
Louisiana which s used by the State
National Guard CT militia for military
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 10 secure said loans, and
the notes, bonds Or other written instru-
ments evidencing the said loans. whether
in the hands of the mortgage. or his or
their transferees and all loans made by
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 all
notes or other written instruments evil
dencing such loans: provided, that in the
case of loans upon policies of life insur-
ance. as aforesaid the rate of interest
charged upon such loans does not exceed