The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1920-09-09

this proposed amendment be submitted to
lana, for adoption or rejection at the CON
aressicnal election to be- held on the first
Tuesday next following the first Monday in
November. 1920.
That the official ballots to be used mt
said election shall have printed thereon the
words !. For the proposed amendment TO
of Louisiana relative to the pensions for
Confederate veterans and the words
'.Against the proposed amendment to -.Arti-
Louisiana relative to pensions for confed-
crate veterans, and each clector shall in
dictate. ms provided in the general election
laws of the state, wherhcr or not he votes
for or against the amendment.
II. f. WALKER
Speaker of the House of Representatives.
HEWITT RoUANClIAiID.
Lieutenant Governor and President Of the
Senate /
Approved: July I, 1920:
JNo. N. PARKER,
Governor of the State of Louisiana. /
JAMES j. BAILEY, Secretary Of state.
AGr No. 3d.
House Riil No. ;:;7ti.l By Mr.. Claiborne.
Substitute for House Fill No 1879.
JOINT RESOLUTION
proposing an amendment to Article $50 of
the Constitution OF the State of Louisiana
relative to cxempting certain industries
located on the navigation canal, New Or
leans.
| Section l.. Re 1t resolved by the General
Assembly OF the State OF Louisiana, two
| thirds of all members elected to each house
concurring. That the following amendments
10 the Constitution of the State Of Louis
4 lana BE- submitted to the electors OF the
state: st the next congressional election to
| be held on the first Tuesday after the first
Monday in November, 1920, making said
article read as follows:
4 Article $50. The following shall be ex-
eInpt from taxation. and no other, viz: All
Iruyy
| or burial, the fectoEieS and parSonagcs of
! churches and grounds thereunto appurten-
ant. used exclusively as residences for the
ministers In charge of such churches, all
charitable institutions. all buildings and
property used exclusively for public monll-
meats or historical collections colleges and
other school purposes, tho real and personal
estate of any public library. and that of any
| other library association used by or connect
i Cd With such library, all books and philoso-
phical apparatus. and all paintings and sta-
tHnry Of any company or association, kept
in a public hall ; provided. the property so
exempted eanot leased for purposes Of pri-
Sate or CORPORATE profit or income. There
| shall he exempt from taxation household
property to the value of $500. There shall
be exempt from taxation for period OF ten
, railroad or part Of railroad that shall be
constructed and completed subsequently to
nary This esmn4iao pr a g ,ne a4ndary md
= apply to all rights of way, roadbcds. sidings
rails, and other superstruftures upon such
Fl9uIS OIL way. rO;tuDcuS OF sSlQllSSs ana To
all dcpots. station-houscs, buildings. cree.
tions and structures appurtenant to such
/ railroads and thel operation Of the. same
! station houses and other structures and mp
! purtcnanecs nor the land upon which they
, / are erected at terminal points, and for which
= franchises have been granted and obtained
I | whether same remain the properly OF thu
: present owner or owners, or be transferred
: | or assigned to any corporation or corpora
4 tlons person or persons whomsopver, and
+ provided further. thatSthis exemption shal
~ not apply to double tracks, xidings, switch
d IS. depets or other improvements or better
!, roads now in operation within the state
: other than extensions or nt,H lines con
!. strncted by such railroads. There shall B
il exempt from taxation the legal reserve g
i life Insurance companies organized unde
J. the laws of this state. The property or srssl
L estate belonging to any military organiza
r by the State National Guard or militia 70
! military purposes such rs nrsenals on al
d mories, while so used, shall be exempt fror
= taxation. There shall also be exempt fror
q taxation loans made upon the security o
e moItgases granted upon real estate situate
o in this state, as well as the. mortgage
- granted to secure said loans, and the note:
Il bonds or Other written instruments CIV
81 dencing the said loans, whether In Il
ID hands Of thessmortgagee, or his or. the 9
a suisnce companies to their policy holder
a upon the sole security of policies held b
fhs tcrrow s!, IN the company maxim T.
Instruments. evidencing such lO3ns pr
40 vifed, that In the case Of leans upon pol
| cies of life insurance, as aforesaid. the raj
Of interest charged upon such loans dot
not exceed per cent per annum discoun
The capital. surplus and personal estat
enhcr 80. 191a. in this state for the SO
purpose of lending money on mortgages
country property situated in Louisiana
II rate of interest not to exceed & per ce1
H. net to the borrower, With power to negotia
and handle bonds and securities issued
&. the various parishes and local districts al
OF municipalities of the State of Louisial
ID shah he exempt from taxation for fwen
n years from the date Of the organization
said companies: provided, that said con
nj pInies shti have a fufl-paid cash capt.
70. Stock of not less than $2i0,Oe0 and, pl
80 vided further, that In case any such 81
III & poration shall on any loan chiirse the bt
To- rover more than g per cent interest. whet
ed er by way Of commission. discount. or otllC
wise. II shall forfeit the entire exempti
80 herein granted. and be subject to taxati
ses such corporation handling or negotiate
any securities other than those hereinabO
ON mentioned shallk incur II like forfeiture.
OF Nc such corporation shall have power
lis receive any money on deposit or to. do
an banking business of any sort, but all ssi
my Preparations shall be under the control II
all supervision of the Examiner Of State BAN
lite whose duty 1t shall be to report to I
l.ttterney General AMY violation of the G.
ore dition Of this exemption.
Steamship companies organized as here
Use after set forth, together with their capi
or stock and all their property, cUrnorpai a
asc incorporeal, shall be exempt from all ta.
sa. opal. both general and INC special. exclusive
emit wharfage. shed or lcvee dues, for hft.
he years from the date of filing with the
.,st rotary OF sStat, proof that their authort
,eTl- capital stock has been paid in full In ca
in No suck steamship company shall u;
ion the bcnetitSpf tais constitutional provts
n ali Ti IFS such company shall il,
five been organized and the whole OF It's auth