The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1920-10-21

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the qualified electors of the State of Louis
lana, for adoption or rejection at the con
sressienal election to be he'd on the first
Tuesday next following the first Monday in
November, 1920.
That the official ballots to be used at
said election shall have printed thereon the
the o hc state
of Louisiana relative to the pensions for
Confederate veterans" and the words:
n Of the Of the Sc
Louisiana relative to pensions for Confed-
crate veterans" and each elcctOr shall in
laws Of the state, wherher or not he votes
for or against the amendment.
II. 4. WALKER.
Speaker of the House Of Representatives.
HEWITT BOUANcHA,'D.
Lieutenant Governor and President Of the |
Senate.
Approved: July Z, 1920;
Governor of the State OF louisiana !
JAMES j. BAILEY, Secretary of State
ACT No. 1913.
1 House Bin No sTtil BY Mr.. Claiborne.
Substitute for House Bill No. 100.
JOINT RESOLUTION
Proposing an amendment to Article go of
the Constitution of the State of Louisiana
relative to exempting certain industries
located on the navigation canal, New Or
leans
Section l. Be it resolved by the General
Assembly of the State of Louisiana, two
thirds OF all members elected to each house
concurring, That the following amendments
to the Constitution of the State OF Louis
lama be submitted to the electors OF the
state at tire newt congressional election TO
be held on the first Tuesday after the first
Monday in November, 1870, making SAID
article read as follows:
Article $50. The following shall be ex-
nTDt from taxation. and no ether. viz: All
as
| or burial, the rectories and parsonages Of
| churches and grounds thercunto alpurten-
| ant. used exclusively as residences for the
ministers in charge Of such churches, all
| charitable institutions all buildings and
property used exclusively for public monu.
i ments or historical collections, colleges and
other school purposes, the real and personal
estate Of any public library, and that of any
other library association used by or connect
/ ed with such library. all books and philoso-
| phical apparatus, and all paintings ana sta.
/ tuary Of any company or association, kept
| in public hall: provided. the property SO
exempted be not leased for purposes Of pri-
shall be exempt from taxation household
property to the value Of $500. There shall
be exempt from taxation for period of ten
railroad or part OF railroad that shall be
constructed and completed subsequently, to
January I. 1905. and prior to January |;
| 1900. This exemption shall include and
apply to all rights of way, roadbeds, sidings
rails, and other superstructures upon such
rights of way, roadbeds or sidings and to
all depots, station-houscs buildings, cree.
lions and structures appurtcnant to such
railroads and the operation Of the same
but shall not include the dcpots, warehouses
station-h houses and other structures and ap
purtenanccs nor the land upon which they
are erected at terminal points, and for which
franchises have been granted and obtained
whether same remain the property OF tht
. | present owner or owners, or be transferred
or assigned to- any corporation or corpora
/ lions. person or persons whomsoeyer, and
Ax<1 ktsAW that fC q IA
/ | not apply to double tracks, sidings, switch
L es, depots or other improvements or better
I ments, which may be constructed by rail-
! roads now in operation within the state
+ other than extensions or now lines con
structed by such railroads. There shall b
exempt from taxation the legal reserve Q
the laws of this state. The property or rea
t estate belonging to any military organiza
/ ton of the State OF Louisiana which Is use
+ | by the State National Guard or militia 70
! military purposes. such as arsenals or Al
i mories, while SO used, shall be exempt froT
: taxation. There shall also be exempt fror
q | taxation loans made upon the security Q
9 mortgages granted upon real estate situate
0 in this state, as well as the MORTGAGE
Q granted to secure said loans and the note:
i bonds or other written. instruments ev
Il dencing the said loans, whether In tn
d hands of the MORTGAGE, or his or thei
+ transferees: and all loans made by life II
d surancc companies to their policy holder
upon the sole security Of policies held b
the borrower in the company making th
s. loans. AZ well as all notes or other write
Instruments. evidencing such loans pr.
le xided, that in the case Of loans upon pol
s cies of life Insurance. as aforesaid. the raj
of interest charged upon such loans do
The capital, surplus and personal esta'
u of every corporation organized after No
ember 3D., 1912, in this state for the SO
country property situated In Louisiana Z,
Il rate of interest not to exceed q per Gel
H. net to the borrower, with power to negotia
A.~~.Y L. Hc md rfJt tng Ice n1n
the various parishes and local districts Al
OF municipalities Of the state OF IoufsinI
IA shall be exempt from taxation for TWEEN
n years from the date Of the organization
said companies; provided, that said col
NJ panies snail have 4 full,paid cash capt.
O. stock of not less than $3.50, 900; and, pf
Sc vided further, that In case any such &C
IT, poration shall on any loan charge the bt
% rover more than 6 per cent interest whet
ed err by way Of commission. discount or otht
wise. 1t shall forfeit the entire exempti
30 herein granted, and be subject to taxati
d. from the time It makes such loan and z!
es such corporation handling or negotiati
i'm mentioned shall incur like forfeiture.
OF No such corporation shall have power
is receive any money on deposit or to do
os'n ahs q 10 amy nae scf1 contro
all supervision of the Examiner Of State Ban
lite whose duty it shall be to report to !
l Attorney General any violation OF the CT
IRE dition Of this exemption.
Steamship companies organized as here
Use after set forth, together with their CAPT
or stock and Ill their property, corporai j
ase incorporcal shall be exempt from all ia.
red and licenses, state. parish, levee and mu
"a cipal both general and special, exclusive
INT wharfage shed or levee dues, for fiftt
he Years from THE date of filing with the $
asst rotary of State proof that their authors
en- capital stock has been paid in full In ca
in No such steamship company shall h;
Ion the benefit of this constitutional provis
the except upon the following conditions:
lall First-That such company shall b
i've been organized and the whole of its auth
en- lied capital stock paid In cash before j
the uary l. 1916.
lin, Sscond-That such company shall
or domicilcd in the CITY of New Orleans,
ted in some other port Of this state.
If Third-That such company shall hav
AN capital stock of ut least So OOO,OO pays
: II only in cash.
his Fourth-That it shall be provided in
low charter of the company that no c0rp0rai
rein or firm or individual shall own or cont
this either directly or indirectly, more than
her twentieth of the capital stock OF the c
lsed pany and that all pooling agreements
lis- voting trusts between the stockholders
nus control the corporation shall be absOlu
lall, null and void and no stock held In any !
ere | pool or voting trust shall ever be yotet
for any corporate election meeting.
lea Fifth-rhat the capital stock of each I
That pany shall be open to public subscription
Iiers public advertisements in the New Orl'
rred newspapers for at least three months ,be
tied the books are closed. and If over-sul,scl
ther shall be apportioned among the subscril
i or Sixth-That all vessels operated by