The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1920-09-30

u - N,
this proposed amendment be submitted to
the qualified electors of the State of Louis
ians. for adoption or rejection at the s.on.
s.ressionHl election to b. held or. the first /
Tuesday next following the first Monday in.
November. 1920.
That the official ballots to be used at I
said detection shall have printed thereon the I
words For the proposed amendment to
Article sos of the Constitution of the State |
Of Louisiana relative to the pensions for |
Against the proposed amendment to Arti- /
Gle BOB of the Constitution of the State of |
Louisiana relative to pensions for Confcd- |
crate veterans, and each eleetor shall in |
s;ieate. rs provided IN the general election
laws of the state, wherhcr or not he votes |
for or against the amendment.
II. L. WALKER,
Speaker Of the House of Representatives..
HEWITT BouANCHAi-D.
Lieutenant Governor and President of the
Senate.
approved: July Z, 1920
| JNo. NJ. PARKER,
| Governor Of the State of Louisiana.
JAMES ]. BAILEY, Secretary of State.
ACT No. 1913.
Hense Bill No. s7t.l BY Mr.. Claiborne.
Substitute for House Bill No. 1919.
| JOINT RESOITTION
/ Proposing an amendment to Article $50 of
/ the Constitution of the State OF Louisiana
/ relative to exemptings certain industries
| located on the navigation canal. New Or
i leans.
Section l.. Be it resolved by the General
Assembly of the State of Louisiana, two
/ thirds OF all members elected to each house
eoncurring. That the following amendments
| to the Constitution of the State of Louis
| lana be submitted to the electors of the
state at tie next cersrlssionti tiestion tn
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-
/ entnt from taxation. and ne othef, viz All
public property, places of religious worship.
4 Or burial, the rcctaries and pslrsonages of
churches and grounds thereunto appurten-
ant. used exclusively MS residences for the
ministers in charge of such churches, all
i property used exclusively for public monu-
ments or historical collections, colleges and
4 other school purposes, the real and personal
state OF amy public Library. and that OF any
ether library association used by OF connect
| ID With sneil library. al i,Soks and pAiloso
phical apparatus, and all paintings and sta
tuary Of any company or association. Kept
in IL public hall: provided. the property so
exempted be not leased for purposes OF pri-
yats OF eorpnrate proft Or income, . Iher Is
property to the value of $500. There shall
i be exempt from taxation for ii period of ten
wears from the date Of its completion. any
constructed and completed subsequently to
. January l. 1905, and prior TO January 4,
i iau9. This exemption shall. include and
apply to al rights of way. roadbeds, sidings
rails. and other supcrstruetures upon such
I rights of way, roadbeds or sidings. and to
! ali depots, station-houses, buildings, cree
| tions and structures appurtenant to such
I railroads and the operation OF the same
) but shall not include the depots, warehouses,
statien-h0uses and other structures and APP
! nuftenances nor the land upon which they
] lare erected at terminal points, and for which
"a franchises have been granted and obtained
1 | whether same remain the property of the
1 present owner or owners, or be transferred
I OF assigned TO any corporation OF corpora
4 ticns. person or persons .whomsoeyer, and
4 mr. 3Gadf l1t<f oh:
I not apply to double tracks, Sid1n-s, switch
i es, depots or other improvements Or better
roas now OWL ID operation within the sts it'll
i ether than extensions or NV lines Con
j. strncted BY such railroads. There shall b,
Il exempt from taxation the legal reserve d
/. / life insurance companies organized unGe,
/ the laws of this state. The property on zen
/ estate belonging to any military organiza
4 ton OF the State of Louisiana which is uSct
+ BY tue State National Guard Or militia 10
Z military purposes. such as arscnais or III
d mories while 50 used, shall be exempt from
: taxation. There shall also be exempt from
e tax:ltion loans made upon the security o
e mortgages granted upon real estate situate,
o in this state. rs well as the. mort gage
% granted to secure said loans, and the notes
il bends or other written Instruments eyi
,f dcn.ing the said loans, whether in th
q binds Of the mortgages, or his or thei
,r transfcrpfs; and all loans made by life In
d surance companies TO their policy holders
upon thes sole security Of policies held b
the borrower. in tho company making. tl
s. loans. as well as NIL notes or other write
Instruments. evidencing such loans . PR
lie yided, that in the case of loans upon pol
eies Of life insurance. as aforesaid. the rat
Of interest charged upon such loans doc
not exceed per cent per annum discount
. The capital, surplus and personal estat
en,ber s.. 19ia. in this state for the sol
purpose OF lending money on MORTGAGES 0
country property. situated in Louisiana 9
il. NET to the brorower. with power, to negotiat
and handle bonds and securities issued b
the various parishes and local districts an
OF municipalities of the State of Louisian
IA shall be exempt from taxation for twcnt
n years from the date of the organization
g said companies provided that said con
al p:nies shall have fui1-paid cash capft
o. stock of not less than $3.50, 200: and, pr
sc vfded further that in case any such co
III poration shall on amy loan charge the. BIO
to- rover more than 6 per cent interest, vhet
ed, er by way of commission. discount or Othe
wise, 1t shall forfeit the entire exeInptit
30 herein granted. and be subject to taxatit
ID from the time it makes such loan and al
,es such corporation handling or negotiatil
any securities other than those hereinabo
IN mentioned shall incur like forfeiture.
OF No such corporation shall have power
is receive any money on deposit or to do
IN banking business OF any sort. but all SUI
ny corporations shall be under the control al
ite whose duty it shall be to report to Z
attorney General any violation OF the &C
Ore dition of this exemption.
Steamship companies organized as herci
Use after set forth, together with their capt.
or took an. all their pronr1;tY,s cotpcreat n
use incorpereal, shall be exempt from all ta1
red and licenses. state. parish, leyec and mu
"a eipal. both general and special, exclusive
mt wha rfage. shed or levec Dues. for fife
he years from the date Of fling with the -
asst retary of State proof that their authoriz
en- capital stock has been paid in full In ca.
in No such steamship company shall ha
ion | thu brnefit OF this Constitutional ofoyisl
the except upon the following conditions:
lail First-That such company shall he
i've bfen organized and the whole of Its auth
ZEN lied capital stock paid in cash before j,
the uary i. 1916.
lin. S,cont.-rh:it such company shall
OF donaicilcd ia the City of New Orleans,
ted | in some other port of this state.
II Third--That such company shall have
,an- | capital stock of at least Ss,000. 900, paya
If only in cash.
his iscufth-That it shall be provided in
low charter of the company that no corpor;tt
rein or firm. or individual shall own or cont
this either directly or indirectly, more than o
her twentieth of the capital stock of the g
lsed plfy and that all pooling agreements
us voting trusts between the stockholders
aus control thu corporation shall be absOlut
iall, null and weld and no stock held in any s.
ere pool or voting trust shall ever be voted
for amy corporate election or meeting.
ica- Fifth-That the capital stock of each G
rf:it nan. shall be open to public subscription
ers public advertisements in the New Orle
fred | newspapers for at least three months bel
tied the i;euks are closed, and IL oversubscri
Their shall be appOrtiOned among the subScrlb
/ Or Sixth--That all vessels operated by