The Bienville Democrat. [volume] (Arcadia, Bienville Parish, La.) 1912-1980, 1920-10-28

india "a AZ provided in the general a
aIsction laws of the State whether OF
nat ne votes for or against NE ameho'
ment.
r. y. WALKER
a'''' HEWITT BoUANcHAUD,
Lieutenant Governor ana fres1o'A' ~
Approved: July 7, 1920:
JNO. M. PARKER,
Governor of the State OF LOUISIANA
A true copy:
JAMES J. BAILEY,
Secretary Of State.
ACT NO. 1853.
House Bill No. 37s-By MT. CLAIBORNE
Substitute for House Bill No. lsS. !
JOINT RESOLUTION .oo
p,,no.,ro on amendment to Article Esq
NJ tha Constitution Of the state OF
Iouisiana relative to exemptlng GER
tain Industries located on the naVlsa'
ton Canal, New Orleans.
Saction /, Be 1t resolved by the Cen
eral Assembly of the state OF LOUIS
lana, two thirds Of all members sieI ~
TO each House concurrlng, Ihat the III
lowing amendments to the Cons!a.S-
ton Of the State of Louisiana 90 suo
mitted to the electors OF ths s'a 80 hs
the next Congressional Eiectlo ~ " Act ve
held on the first TUESDAY aiaef TIC at HH
Monday in November. ls2o' making
said Article read az follows:
Article ESQ, The following shall Dc
| snt frnm taxation. and no other,
VIZ: All public property, places OF re.
,,gious worship, or burial, the rectorles
and parsonages Of churches an9
grounds thereunto appurtenant' usea
Exclusively as residences for the nhI
isters in charge OF such churches, all
charitable institutions, all buildings
and nroperty used exclusively for pup-
| liz monuments or historical collectlons,
colleges and other school purposes, tne
real and personal estate OF any puonc
library, and that of any other library
association used by or connected WIN
such library, all books and pnilosophlss
cal apparatus, and all paintings anu an
statuary Of any company or ass9sa-
ton, kept In a public hall; pfovlueui;
the property 80 exempted be not leAseu
for purposes Of private or Goipv he
: profit or income There shail also "
exempt from thAhlOh
4 srtv TO the value of five hundred DOL
: lars. There shall be exempt from TAX.
g alton for q period Of ten years IRON
. the date of its completion, any railroad
= Ar mart of railroad that shall be con
: structed and completed subsequently Z
n January /. 1905, and prior to January
= 190e This exemption shall lnclude am
d apply to all rights of way, roaoDeos
r sidings, rails, and other superstruc
8 tmres upon such rights Of way, ROAD
8 beds or sidings; and to all depots' sta
tion-houses, buildings, erections an ~
structures appurtenant to such ran
l. roads and the operation of the same
hit shall not include the depots. ware
houses, stationhouses and other strue
u lures and appurtenances nor inc iaM
upon which they are erecteo ~ .es
minal points and for when lr1nchise
have been granted ana oDtalne.
q. whether same remain the property :
the present owner or owners of ~ .
transferred or assigned to any Col
poration or corporations, person VI 20 70,
sons whomsoever. and, PROVIDED III,
thar. that this exemption shall M
annly to double tracks. siding
switches depots or other improvement
40 ar betterments, which may be COZ
20 structed by railroads now In operasle
OF within the state, other than extensisl
ca or new lines constructed by such raj
'te roads There shall be exempt FRO
taxation the legal reserve OF life insu
ne ance companies organized under q
ls- laws of this State. The property
'aes real estate belonging to any militia
Ia. organization of the State OF Louisla
. me which is used by the State Nation
're Guard or militia for military purpos'
'0 such as arsenals or armorles, whlis
,oa used, shall be exempt from taxatis
,eu There shall also be exempt from "a
iar alton, loans made upon the security
' 81 mortgages granted upon real EST.
" situated in this State, as wen as
h,v mortgages granted to secure salo loa
III, and the notes, bonds or other WIZ
ntil whethar in the hands Of the mortgag
me ~ his or their transferees; and
US. ioans made by life insurance compan
inc 10 their pollcyholders, upon the .
re-. security of policies held by the b
''0s rover in the company making !,
=. loans. az wAll as all notes or OF
" written instruments, evidenclng d
val loans: provided, that in the case
loans upon policies OF life insural
iea as aforesaid, the rate OF inter
u.s' charged upon such loans does not
I'll nr coed Ave per cent lb%) per annum
yica count. r.,
s ss estate. Of every corporation organ
, ,ava after November 23rd, 1912, In this y
avs for the sole purpose OF leno
nan money on mortgages on coul
I sra property situated in Louisiana a
, on rate of interest not to exceed SIX
rom cent (6%) net to the po saUS'a y,
aon" mower to negotiate and handle De
iSed and securities issued Dy the var
ears parishes and local districts anu
men. inequalities OF the state OF L s,an
nted shall be exempt from taxa'ion !,
mar twenty (2o) years from ON ths sre u~,,
noe nrovlded that said companies
!. a" - have full-paid cash capital stoc
u :" not lSss than $250,O00; and, prov
~ further. that In case any such cor
nn :, alton shall on any loan charge the
~ ~ - rover more than six per cent int
=, suo W whather by way Of commission,
auen count or otherwise, II shall forfeit
I y ro sntire exemption herein granted,
a. he subject to taxation from the tn
..s ~ makes such loan; and any such
,,a.ai noration handling or negotiating
's.o secnrities other than those hereina
/. arad mentioned shall incur a ike 10rIel
shall No such corporation shall! nave y
~ 90 To receive any money on deposit
this do banking business y any soft
,rinr ali such corporations shall pc
p pinn. the control and supervision OF tne
VIM aminer of State Banks, whose du
q iInrs shall be to report to the Atto
% rrad General any violation OF the conc
Mt he of this exemption.
tarns Steamship companies organize
s 20, hereinafter set forth, together
'rthor their capital stock and all their
nc ~ arty. corporal and tncorporeai,
-" from he exempt from all taxes and nc
it tbia state parish, ioyee and muir ictpal
q fiona general and special, exclusive OF y
. shall age, shed or levee duss, for
o~ ~ wears from the date Of Hing VII
do,,sr Secretary of State proof that
i ta~. Authorized capital stock has beer
divided in full In cash.
:. $3.50 No such steamship company
ov al have the benefit OF this Constltu
-. My az. provision except upon the foil
shall conditions:
: nd for First--That spch company snal
"a, q MIRO. been organized and the whole
~ ppf for authorized capital stock PAID II
L. before January LIST, 1915.
u no. ia Second-That such company y
40 ~ az" IN domiciled in the City OF New y
~ VI rnr or in some other port OF this st
VA VA ~ Third-That such company 1ha
levied . capitai STOCK ~ civ in ca
. "Con- lion doliars, pxSnS III (. nrnv
nda 10 Fourth-That i snal % psOx,