The Natchitoches enterprise., 1920-10-28

election laws of tho state. whether or
not he votes for or against the amend
! Incnt.
r. F. WALKER
Speaker Of the House Of Representa-
HEWITT BOUANCHAUD,
Lieutenant Governor and President of
Approved: July Z, 1920.
JNO. NJ. PARKER.
Governor of the State Of Louisiana.
"A JAMES JAM sVG ). BAILEY.
Secretary Of State.
ACT 40. 1853.
House Bill No. a7s-By Mr.. Claiborne.
Substitute for House Bill No. 1875.
JOINT RESOLUTION.
proposing an amendment to Article $50
Louisiana relative to exempting GER
tain industries located on the naviga-
ton Canal. New Orleans.
Section l.. Be It resolved BY tho Gem
lana. two-thirds Of all members elected
to each House concurring, That the fol-
lowing amendments to the Constitu
ton Of the State Of Louisiana be sub
the next Congressional Election to be
Monday in November. 1920. making
said Article read as follows:
Article 230. The following shall be
exempt from taxation. and no other.
VIZ: All public property. places Of re-
ligious worship. or burial: the rectories
grounds thereunto appurtsnant. used
exclusively, as residences for the min
listers in charge of such churches. all
charitable institutions. all buildings
and property used exclusively for pub
lie monuments or historical collections.
colleges and other school purposes. the
real and personal estate of any public !
asociation used by or connected with |
such library. all books and philosophi- |
cal apparatus. and all paintings and |
statuary Of any company or associa- |
the property 30 exempted be not leased |
for purposes Of private or corporate /
profit or income. There shall also be
exempt from taxation household prop
lars. There shall be exempt from tax
alton for period Of ten years from
the date Of ite completion. any railroad
.tructed and completed subsequently, to
January !. 1905. and prior to January 1,
l?o9. This exemption shall include and
.pply to All rights Of way. roadbeds,
'idings. rails. and other superstruc-
ures upon such rights Of way. road
,eds or sidings; and to all depots, sta
ion houses. buildings. erections and
tructures appurtenant to such rail-
nut shall not include the depots. ware.
ouses. stationhouses and other struc-
ures and appurtenances nor tho land
pom which they are erected at ter
ninal points. and for which franchises
ave been granted and obtained;
'hether same remain the property Of =
ne present owner or owners. or be ;
ransferred or assigned to any cor {
ora alton or corporations. person or per- :
pms whomsoever. and. provided fur 5
her. that this exemption shall not !
ply to double tracks. sidings.
~itches. depots or other improvements 4
'ructed by railroads now in operation
thin the State, other than extensions ?
new lines constructed by such rail-
lxat;on the legal reserve Of life insur-
nee companies organized under the
WIS of this State The property or .
al estate belonging to any military
,ganization OF the state Of Louisiana
uard or militia for military purposes,
lch as arsenals or armories. while so
'ed. shall BE- exempt from taxation. o
lon. loans made upon the security Of p
tuated in this State, 40 well as he
ortEages granted TO secure said loans.
struments evidencing the said loans.
ether in the hands Of the morteasee
his or their transferees: and ali
ans made BY life insurance companies
curity. Of policies held by the Dor 4:
wer In the company making the II
-itten instruments. evidencing such -
ms upon policies Of life insurance, a. =,
aforesaid, the rate Of interest ~,
arged upon such loans does not ex- NJ
ID i've per cont (s%) per annum dis ve "
The capital surplus, and personal IN IN
or November .sfd. 1911. IN til: State =,
n.t the ~ sole ,.l purpose Of lending tx
,psrty situated Il ieu III country at n n
e Of interest not to exceed six per so
It (e%) net to the borrower, with vi
d securities issued by the various mi m;
FISHES and local districts and mu- 10
ipalities of the State Of Louisiana 81
III be exempt from taxation for m,
enty s2G9 years from the date OF ba
'vided. that said companies shalt At,
re fulI-paid cash capital stock Of nr
less than $2S0.0oo: and, provided an
u, that In case any such corpor- sti
yer more than six per cent interest, vo
ether by way of commission, dis No
mt or otherwise. 1t shall forfeit tho DO
s,h,s exemption ~ herein granted ana
kcs such loan; and any such cor Ar
alton handling or negotiating any s..
tiri tiles other than those hercina bovc tic
nt!oned snail INCUR a Ike forfeiture. ma
: any ohey on deposit or to ina
such corporations shall be under
Incr Of State Banks. whose duty it A't
IL be to report to the Attorney
leral any violation Of the condition sp,
this exemption.
companies organised az
einafter set forth. together with
|r capital stock and All their prop
Y, corporal and incorporeal. shall A.,
exempt from all taxes and licenses. j
eral and special. exclusive Of wharf -
shed Or levec dues, for fifteen
r. from the date Of Ming with the r
retary of State proof that their
norised capital stock has been paid
o such steamship company shall
Q the benefit Of this Constitutionli
vision except upon the following
lrst-Th.t such company shall hav.
,ori.ed capital stock paid in cash
IRE January list. 1916.
iciled in the City Of New Orleans.
n some other port Of this State.
1ird.That such company shall have
lpital stock OF 1t least three mil.
dollars. payable only In cash.
'urth-That 1t shall be provided in
charter OF the company that no III
Grafton, or Arm. or Individual shall
or control. either directly or In
city. moro than one-twentieth of
ca pital stock Of the company: and
all pooling agreements and voting
to between the stockholders to
rol the corporation shall be absu- III
y null and void and no stock held
ny such pool or voting trust shall
leeting.
the capital stock Of each
,any shall be open to public sub
'tion by public Advertisements In
New Orleans newspapers for It
three months before the book
closed. and II ovsr.subscribea shaHIY
pportioned among the subscribers,
Ith-Th4t all vessels operated by
company shall DO common carriers