The Era-leader. [volume] (Franklinton, La.) 1910-current, 1920-09-09

Speaker Of the House OF hepfese"'
''''' HEWITT BoUANCHACD,
,;or+enant Governor and President OF
the Senate.
Approved: July :. 1920.
JNO. NJ. PAItNIH:.
Governor Of the state Of LOUISIANA.
| true copy:
JAMES }. BAILEY.
Secretary Of state.
ACT no 1873
House Fill No. 376--iiy MI Claln0rhe'
~ Substitute for House Bill No. 1'''
JOINT RESOLtTlON. o,o
Proposing an amendment TO al c,,to of
Of the Constitution of tn" STATE OF
G.nuisiaua relative to cNrmptlnE GER
tain industries located on the haVlsa-
ton Canal, New Orleans.
Section !. Be it resolved by inc Gen
oral Assembly Of the State Of Louis,
;ana t,~o.thirds of all members elected
to ca Oh House concurrln& Ihai me 10,
lowing amendments to the Constitn-
ton Of the State of Louisiana be SUD
mitted to the electors OF the state AZ
the next Congressional Elecuon TO De
held on the first Tuesday after the lirst
Monday in November. 1920, making
; said Article read az follows:
Article go, The following snail De
exempt from taxation. and no other
VIZ: All public property. places OF re-
ligious worship. or burial the rectorles
and parsonages OF cnu,rm,s u sod
exclusively as residences for the min,
isters in charge Of such churches, all
e charitable institutions, all buildings
e and property used exclusively for pun
5 lie monuments or historical cotectionS'
2 colleges and other school purposes, smc
q real and personal estate of any pubnc
. library. and that Of any other library
t association used by or connected with
: such library, all books and philosophl, :,
cal APPARATUS and all paintings ana
statuary Of any company or aSsocla,-
l, ton, kept In a public hall, provided;
e he ,ronertv 80 exempted be not leased
q for purposes Of private or corporate
!. profit or income There shall also be
= EXEMPT from taxation household prop"
j. erty to the value of five hundred dol
n lars. There shall be exempt from tax
j. alton for a period or ten years iIoI
l. or part Of railroad that shall be con.
l. structed and completed subsequently te
j. January /. 1908. and prior to january l.
IN 1909. This exemption shall include arc
}, apply to all rights OF. way, roadbeus
Ia sidings rails and other superstruG
Or tuyes upon such rights of way. ROAD
Is beds or sidinEs; and to all depots. sta
70 on-houses. buildings, erections ant
structures appurtenant to such rail-
roads and the operation Of the same
a. but shall not include the ,depots, ware
houses, stationhouses and other struc
OF upon which they are erected at ter
minal points, and for which franchise,
have been granted and obtained
whether same remain the property Q
ID. the present owner or owners. or t.
transferred or assigned to any cor
poration or corporations, person or Pc. Pc.
sons whomsoever, and, provided, fur
4 Their, that this exemption shall no
apply to double tracks, sidingl
switches, depots or other Improvement
or betterments which may be con
"a structed by railroads now IN operate
of within the State, other than extension
cd or new lines constructed by such raj
go 60 roads. There shall be exempt foo,
NC taxation the legal reserve OF life insul
ance companies organized under tn
me laws Of this State. The property 6
IS. real estate belonging to any militar
81 organization Of the State Of L9ulslan
Nc which is used by the State Nations
nc Guard or militia for military purpose
o. &c such as arsenals or armories. while I
81 used. shall be exempt from taxation
,od There shall also be exempt from Ia,
si alton, loans made upon the security
~ ~ situated in this State, az well as +
~ mortgages granted to secure said loan
,,x and the notes, bonds or other write
~, instruments evidencing the said loan
~, NJ whether in the hands Of the mortgage
me- or his or their transferees and .
nso loans made by life insurance compani
w., NO security of policies held by the DO
10 rover In the company making II
''0 loans, al we'll as all notes or 9th
~ written instruments, evidencing SUI
al. loans; provided, that In the case
" loans upon POLICIES OF life insurans
a.. charged upon such loans does not e.
.o. coed five per cent (5%) per annum di
hr. couht
, Gr The capital, surplus and person
ass estate Of every corporation organic
d dsd after November gard, 1912, in this sta
ave for the sole purpose OF lendil
en. property situated In LOUISIANA at
ere rate of interest not to exceed six
an cent ts%) net to the borrower. wi
RIM power to negotiate and handle bon
on and securities Issued 10y me vafio
, a inequalities Of the State Of Louaa
,an shall be exempt from taxation /
TOD twenty t2O) years from the date
Az the organization Of said compani
ces, provided, that said companies sh
aar. have a tull-paid cash capital stock
as. further. that in case any such corp'
ia.. alton shall on any loan charge the b.
~ IL rover more than six per cent intere
. ~ whether BY way of commission, d
svch cuiint or otherwise 1t shall forfeit
sion 9ntlre eHeI,p.'on ~ fs.,, IT, t;,, :
five makes such loan; and any SUCH G.
,fhYI poration handling Or negotiating d
stpd securities other than those herelnabt
MA mentioned shall Incur a like. foffeitS
oraS No such corporation shall have pow
, LII tn rpceiys any money on deposit or
~ "a do a banking business of any sort
y th;s ali such corporations shall be I'M
,riar the control end supervision OF the
,sn. aniiher of state Banks. whose duty
,t,,r shall be to report to the Attorl
;tnrs General any violation Of the cohcAt
erad Of this exemption.
= ha Steamship companies organized
80 = NC hereinafter set forth, together "
AM their capital stock and all their pr
tier srty, corporeal and incorrcreal, 81
y ~ be exempt from Ill taxes and hcen
t.,r, State parish Ievee and municipal, b
l tG general and special, exclusive OF whs
.i ~. age, shed or levee dues. lor Aft
s s,e,tI wears from the date Ut fling with
enc" " Secretary Of State proof that Il
N,,sr authorized capital stock has been
Tax. in full in cash. .. .
Ia. ia No such steamship company q
, ,,,aee have the benefit Of this Constitute
!. ~ provision except upon the follow
.,i aG1 First-That such company shall h
sh r. been organized and the whole Of
i al n r