The St. Mary banner., 1920-09-04
ACT NO. l53.

ACT NO 153
House Bill No. 376-By Mr.. claibsa
Substitute for House Bill No. w
JOINT RESOLUTION. n
Proposing an amendment to Arucs vi
of the Constitution of the StaH
Louisiana relative to exempting sf
tain industries located on the naflg
tiOn Canal, New Orleans.
Section /. Be it resolved by the la
eral Assembly of the State Of Loss ,
lana, two thirds of all members elsaa
to each House concurring. That .ns "
lowing amendments to the eon'as u
ton of the State of Louisiana oe W.
mitted to the electors OF the oaa
the next Congressional Elecuon ~
held on the first Tuesday after las ~
Monday in November. wv msA''
said Article read as follows: TN N
Article 250. The following snsa a,.r
exempt from taxation, ana ~ Va :.
viz: All public property. place. s..tars ~
ligiouS worship. or burial tne ,rd|
and narsonages of churches wi
grounds thereunto appurtenant "a.
Exclusively as residences for tns ~
listers in charge of such cnurcnssSS, csS,,c|
charitable institutions, all ou, ~. .rs
and property used exclusively r..,oa ~. x
lie monuments or historical coAe.,s coAs.s nj
colleges and other school purpos's .shIb
real and personal estate OF any ups.,11
library. and that Of any othel a a' III,
association used by or conhes..i.s so,s.
such library, all books and pal.osYss.s p.Ss ID
cal apparatus, and all pain.lnass.. as.esa
statuary Of any company OF rovis
ton. kept in public nan' III npt lessi1
the property so exempted De nv nnvornoss
for PURPOSES of private or ~ la nj
nroet or INCOME There shall sss ~.
pxen,nt from taxation househoia Pi II,
e,t1, 10 the value Of five hunal.u 81
1arS There shall be exempt lro" tTs
ation for period Of ten ars,Irsa
the date of its completion. any he ~
or part of railroad that snann,,entb pl
str,icted and completed q4ounar D
January l. 1905. and prior 70 o,sclude tSl
1909 This exemption shail roadbsdI
appIv to all rights or WAY 'ssr,erstrsl
sidings, rails and othel uay. resfl
lures upon such rights " " asnots ST..
beds or sidings. and TO al. al.octions as'
tiou-houses, buildings. such rJFI
structures appurtenant " the ssns
roads and the opeTdt!Ea Japots, var
but shall not inciude tnsa ofher srw
houses, stationhouses an nor the ~
lures and appurtenaloeas- eas-acted at ".
upon which they are hich francssss
minaI points. and Tor WIND and Obtains,
have been granted an anu nropery :.
whether same remain tnT tTrners OF
the present owner OF n any m,I
IRA ansferred or assigned arson or pr
nora,iou or corporations pproyided ip.
sons h9ti'sb his exemption S"adla "sidlra
anpIy to double IRA nproyenss.,
switches. depots or otnei nav be ~
~ hattrrurnts. which iilG1 ~ opsrstn
9tr,,rtal BY railroads now S'on extensIs,
T,titbin the state. other lhdn hg such ~
~ nav. lines constructed Tempt f'sa
paads There shall De ~ life insg..
+gyation the legal reservod utder Z,
80. cnmpanies organize nroperT
fal,,s Of this state. Inc opv miliy,.
'i Ia " e.+afe belonging 70 saFF'Louisiby
ar.,.niz.t5on Of the stag e,ate NJ NatioS
" ,hirh Oh is used by the ,,s,ary otn purposs
G,ard E,'.d or militia for milltais whilslss
,.,,at ,tt'f' - arsenaIs or arrneoI.yo morn ta1stp
suti, s,@ii be exempt 1ro." ITO. from "
,I,. used ~ ssaii also be exempt sscurit
IAe'e i''a'Is Sha'5 made upon the rsai ssgs
4 ti"t .,...i.,t., '',,'.' trauted upon rsll AZ
N 81 ..@i y :, his state. as said lesr,
situa ~ ltd ,.i 81 ,,ra,nted to secure sec,ssr wft
mofrtgaS+a tae bonds or OLE aid laSs
and Ji.t l"s ~ avidencing. tne ,1aortsafa
strui'.t'il19 tba hands Of the ~ ard y y
whether n m .hair transfereeescc ccompsbss
or his or In 5neit lie insurance, The the %
TO Their policyholaeihe held BY " es
security of policies maklaso otfs
rover in the co".lI alI notes %
loans, as yell as a.