The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1920-09-11

Indicate, as provided in the genera
stscthn laws OF the State. whether o
not he votes for or against the amend
ment.
r. F. WALKER.
speaker OF the House of Representa-
! lives.
r. HEWITT BOUANcHAup.
Lieutenant Governor and President a
the Senate.
Approved: July z. 1920.
JNO. M. PARKER,
governor OF the State of Louisiana
JAMES j. BAILEY,
Secretary of State.
ACT NO. l5a.
House Bill No. s76-By MIR. Claiborne
Sunstitute for House Bill No. 1919.
JOINT RESOLUTION.
proposing an amendment to Article $50
or the Constitution OF the State Of
louisiana relative to exempting Ger.
tain industries located on the naviga-
ton Canal New Orleans.
Section l. Be 1t resolved by the Gen.
erai Assembly. of the State of Louis
lana, two-thirds of all members elected
90 eacn House concurring. That the fol-
ton of the State of Louisiana be sub
united to the electors of the State AT
the next Congressional Election to be
heid on the first Tuesday after the first
M sa3a IN November. 1920. making
SAID Article read as follows:
Article 230. The following shall be
exempt from taxation, and no other.
W.. All public property. places Of re-
ngious worship. or burial. the rectories
ana parsonages of churches and
grounds thereunto appurtenant used
exclusively as residences for the min
lsters in charge OF such churches. ali
charitable institutions. all buildings
ina -, property used exclusively for pub
monuments mr. h lot 81
coiieges and other school purposes. the
real and personal estate of anv nuhfic
library, and that OF any other library
association used by or connected with
sucn library, all books and philosophi-
cal apparatus. and all paintings and
statuary OF any company or associa
Ton. kept In a public hall; provided.
the property so exempted be not leased
profit or income There shall also h.s
exempt from taxation household prop
erty to the value of five hundred dol
afs. There shall be exempt from tax
4. ..loI ior q period OF ten years from
ne date Of Its completion. any railroad
,r part of railroad that shall be con-
,tructed and completed subsequently to
January l. 1905. and prior to January j.
.svy. Ihis exemption shall include and
apply 10 all rights OF way roRdbeds
ldings, rails. and other superstruc.
ures upon such rights of way. road
,eds or sfdings; and to all depots. sta
ION -houses, buildings. erections and
tructures appurtenant to such rail-
Dads and the operation of the same.
'ut shall not include the depots. ware
ouses, statlonhouees and other struc-
ures and appurtenances nor the land
p pom which they are erected at ter
ainai points, and for which franchises
ave been granted and obtained:
,hether same remain the property OF
ne present owner or owners or bo
r rams or assigned to any cor
ons Yhomsoever. and, provided FUR
ner, that this exemption shall not |
ppiy to double tracks, sidinrs'
witches depots or other improvements |
petterments; which may be con-
tructed by railroads now in operation /
.ithin the State. other than extensions I
new lines constructed by such rail-
Dads. There shall be EXEMPT from
.xatfon the legal reserve of life insur-
Tvs of this State The pronertv A.
cal estate belonging to- any military
rganization of the State of Louisiana
hfcn is used by the State National
uard or militia for military purposea
lch as arsenals or armories. while a.
SEQ, shall be exempt from taxation.
here shall also be exempt from tax-t
'ion, loans made upon the security Of
ortgages granted upon real estate
ortgages granted to secure said loans.
ia the notes, bonds or other written
atruments evidencing the said loans.
neither In the hands of the mortgagee,
MS or their tranGferees; and ali
ans made by life insurance companies
their poitcyhoiders, upon the sole
cnrify OF policies held by the bor-
wer In the company making the
ans, as we'll as all notes or other
ans; provided, that In the case cf
ans upon policies of life Insurance.
aforesaid, the rate OF interest
asged upon such loans does not ex-
e "a Hve per cent t5%) per annum dis
The capital, surplus and persona,
tate OF every corporation organized
ter November 23rd. 1912, In this State :
,ney yne on sole enor purpose Of lending
operty. situated in Louisiana at all
te of interest not to exceed ak per :
NJ t6%) net to the borrower. with
wer 70 negotiate and handle bonds !
FISHES and local districts and mn J
'ipai1ties of the State of Louiaiana
all be exempt from taxation for :
enty t2e) years from the date oil 1
ovided, that said companies shall =
We full-paid cash capital stock ~ :
less than $4,000: and, provided
'tner, that IN case any such corpor- :
on snail on any loan charge the bor- d
ether by way of commission, dis =
INT or otherwise, 1t shall forfeit the (
Ire exemption herein granted, and
suoJect 10 taxation from the time IL =
kes such loan: and any such corr 4
alton handling or negotiating any 8
urlfies other than those herefnabove :,
ntioned shall incur like forfeiture :,
% such corporation shall have power :,
receive any money on deposit or TO | n
banking business OF any sort. but | a
such corporations shall be under
control and supervision of the Ex- I.
liner. of State Banks, whose duty I'll =
III be to report to the Attorney
aeral any violation of the condition q,
this exemption. ~
teamship companies organized asl
efnafter set forth. together with
fr capital stock and ali their prop
y, corporal and incorporeai. shall A
exempt from I'LL taxes and Ucensea
te. parish, ievee and municipal, both
erai and special, exclusive OF wharf, =.
, shed or ievee duss, for fifteeni
rs from the date Of filing with the r
rotary of State proof that their
'uff ia cash