The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1920-08-26

and the collection OF any other tax or in the
making of any appropriation for pensions
in excess Of the amount-of the thrcc-fourths
OF 1 mill tax levied and collected and to be
known as Confederate Veteran Pension
Fund is hereby prohibited and said fund
Is to be used for no other purpose than that
herein stipulated; and upon the adoption Of
this amendment same shall at once become
self operative and the funds derived there
from be immediately used for said purpose.
and provided further that the tax collectors
and assessors shall receive no. commissions
for assessing and collecting said three
fourths Of l mill tax herein provided.
Provided that nothing in this article shall
be construed so as to prohibit the General
Assembly from providing artificial limbs to
disabled Confederate soldiers or sailors.
Sec. ? BE it further resolved, etc. That
this proposed amendment be submitted to
the qualified electors of the State of Louis
lana, for adoption or rejection at the con-
gressionnl election to be held on the first
Tuesday next following the first Monday in
November. 1870
That the official ballots to be used at
said election shall have printed thereon the
words !: For the proposed amendment to
artiels @ Of fhs constitution e ito Of ts statc
confederate veterans and the words
Against the proposed amendment to Arti-5
Gle BOB of the Constitution of the State. Of
Louisiana relative to pensions for, Confcd-
erate veterans, and each elector shall in
aieite, rs provided in the general election
laws of the state. wherher or not he votes
II. f. WALKER,
Speaker OF the House of Representatives.
HEWITT BOt'ANcHAUD.
Lieutenant Governor and President of the
Senate.
Approved !: July Z, 1920.
JSo. NJ PARKER,
Governor of the State of Louisiana.
4 true copy:
ACT No. 1J3.
House Bill No. s7sl BY Mr. Claiborne
Substitute for House Bill No. 100.
JOINT RESOLUTION
Proposing an amendment to Article 80 OF
the Constitution Of the State OF Louisiana
located on the navigation canal. New Or
leans.
Section 1. BE it resolved by the General
Asssmbly 9f The State u, ct louisiana two,
concurring, That the following amendments
to the Gonstitution<Of the State OF Louis
lana be submitted 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:
Article $50 The following shall be ex-
cmpt IRON taxation, and no other, viz Nh
public property. places OF religious worship.
or burial, thu rrctories and parsonages of
ant. used exclusively as residences for the
| ministers in charge of such churches, all
charitable institutions, air buildings and
property used sxeusiyrly for public monu
other school purposes, the real and personal
! estate OF any public library. and that Of any
other library association used by or connect
ed with such library all books and paiioso-
phical apparatus, and all paintings and sta
| tuary of any company or association. Kept
| III public hall; provided, the property so
exempted be not leased for purposes of pri-
yate or corporate profit or income. There
shall be exempt from tax;ltion household
property to the value of $500. There shall
| be exempt from taxation for Il 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 !. 19o.5, and prior to January l.
1908. This exemption shall include and
apply to all rights of way. roadheds sidings
rails, and other superstruetures upon such
rights Of way {oadbeds Or s hin ana ra g.
| tons and structures appurtenant to such
| railroads and the operation of the same
but shall NOT include the dcpots warehouses,
station-houses and other structures and ap-
/ pUrtenanees nor the land upon which they
Il are erected ut terminal points. and for which
franchises have been granted and obtained
whether same remain the property of the
/ present owner or owners. or be transferred
or assigned to any corporation or corpora
TONS person or persons whomsoeyeT, and
provided further. that this exemption shall
/ not apply to double tracks sfdfngs, switch
| cs, dcpots or other improvements or better
/ ments, which may be constructed by rail
4
other than extensions or new lines con
structed by such railroads. There shall bs
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 organiza
/ ton of the State of Louisiana which is used
| by the State National Guard or militia fol
military purposes such ms arsenals or ar
| mOries, while SO used, shall be exempt from
| taxation. There shall also be exempt from
| taxation loans made upon the security OF
mon .tvrs . r.fr ind
in this state, as well as the mortgages
4 granted to secure said loans, and the notes
bonds or other. written instruments cyl
| hands of the mortgagee, or his or theil
transferees.. and all loans made by life in
surance companies to their policy holders
the borrower in the company making. thu
| loans. as we'll us, all notes or other WRITER
Instruments, evidencing such loans: pro
vided. that in the case OF loans upon poll
cies of life insurance, as aforesaid, the rat
| Of interest charged upon such loans doe:
not exceed ) per cent per annum discount
4 The capital. surplus and personal estate
of every. corporation organized after Noy
ember %, 1912, in this state for the sol,
purpose Of lending money on mortgages OF
country property situated in Louisiana u
n ratc ofsinterest not to exceed 9 per cen
net to thu borrower. with power to negotiate
i and handle bonds and securities issued b.
the yarioms parishes and local districts ant
& shall be exempt from taxation for invent.
years from the date of the organization o
said companies; provided that said Gem
panics shall have full-paid cash capita
| stock of not less than $3.50, 1000: and, pro
II vided further, that in case any such cor
poration shall on any loan charge the Dor
rover more. than q per cent interest, wheth
| err by way of commission. discount or other
wise. it shall forfeit the entire exemption
herein granted. and be subject to taxatiol
from the time it makes such loan: and an
; such corporation handling or negotiating
any securities other than those hereinaboy
/ mentioned shall incur j, like forfeiture.
No such corporation shall have power :
receive any money on deposit or to do
banking business Of any sort. but all sucl
corporations shall BE- under the control an
| supervision of the Examiner of State Banks
whose duty 1t shall be- to report to tn
attorney General any violation of the con
, ;tition Of this exemption.
Steamship companies organized as herein
! after set forth, together with their capita
{ stock and all their property, corporeal an
and licenses. state, parish. leyee and mum
cipal, both general and special. exclusive Z
wharfage. shed or levee dues. for fiftee
years from the d,lte OF filing with the SEE
t rotary of State proof that their authorize
: capital stock has been paid in full In casf
l No such steamship company shall hay
the benefit of this constitutions uroyisio
I except upon the following conditions
] FirstlTliat such company shall hay
e been organized and the whole. of its author
: lied capital stock paid in cash before JaI
e nary i, 1916
II second That such company shall /
i aomiciied Id the city OF New Orleans, {
| in some other port of this state.
f ~ Third--Tha nj ASJletl c0ynu:fr1y StuU have