The Natchitoches enterprise., 1920-09-02

election laws Of the State. whsthsr Q
not he votes for or against the amend
ment
Speaker of the House Of Representa-
HEWITT BoUANcHAUD.
Lieutenant Governor and President Q
Approved: July Z. 1920.
JNO NJ. PARKER.
Governor of the State Of Louisiana
JAMES j. BAILEY.
Secretary of State.
/ ACT NO. 153.
House Bill No. 376-By Mr.. Claiborne
Substitute for House BIZ No. 1919.
Proposing an amendment to Article 2s,
of the Constitution Of the state o
Louisiana relative to exempting Ger
tain industries located on the naviEa
Section /. Be It resolved by the Gen
eral Assembly of the State Of Louis
| lana, two thirds of all members elected
to each House concurring. That the fol
ton Of the State OF Louisiana be sub
| mitted to the electors of the State al
the next Congressional Election to be
held on the nrst Tuesday after the first
| Monday in November. 1920, making
said Article read a. follows:
| Article 23O The following shall be
| exempt from taxation. and no other
viz: All public property. places OF re-
and parsonages of churches and
grounds thereunto appurtenant. used
exclusively As residences for the min
listers in charge Of such churches. all
| and property used exclusively for pub
| lie monuments or historical collections,
| colleges and other school purposes. the
| real and personal estate of any public
association 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 80 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 a period Of ten years from
the date of Its completion. any railroad
or pa. part r. OF railroad that shall be & con-
January !, 1905, and prior to January J.,
1903. This exemption shall include and
apply to all rights of way. roadbeds.
sidings rails: and other superstrue-
beds or sidings; and to all iepots. sta
tion-houses, buildings. erections and
structures appurtenant to such rail-
roads r, and the operation e, q the same;
houses, stationhousea and other struc-
lures and appurtenances nor the land
upon which they are erected At ter
minal points. and for which franchises
whether same remain the property Of
the present owner or owners, or be
transferred or assigned to any cor
poretion or corporations. person or per-
ther. that this exemption shall not
apply to double tracks. sidings,
switches, depots or other improvements
or betterments, which may be con-
within the State, other than extensions
or new lines constructed by such rail-
roads: There shall be exempt from
taxation the legal reserve of lke insur-
laws OF this State. The property or
orEaniaation Of the State Of Louisiana
which is used BY the State National
such as arsenals or armories, while 90
used, shall be exempt from taxation.
There shall also be exempt from tax
alton, loans made upon the security Of
situated in this State. ~ well as .he
mortgages granted to secure said loans.
and the notes, bondD or other written
instruments. evidencing the said loans.
or his or their transferees: and ali
loans made by life insurance companies
TO their policyholders. upon the sole
.ecunN u poAcies neio ~ the Dor
how1 i"sr. IN In, rnS company msking Sne
written instruments. evidencing such
loans; provided, that In the case Of
N i.ah. up0n ohGles OF Hfe insurance:
char@eI mnnr .nnh 49, AL, 0x ,n.eIsst M.
ceed hve per cent tSse) per annum dis
TsS o.,,1., .....,.. - ....,
estate s. ve.y "a
After Novsmssr ssfd. iSSs. IA I'll: STATE st.ts
non u, =. IeSsp p.p 81 senatng
mvMsy oIst1:8e en country
Sst1 ~ ,,ea.s.t 80 ACss..A". ~
cent le41 net - M - horr"w.r r9th 9ys
power to n:.oti.ts ana h.ndl. bonds
:. :, 49, "a ,acss S,.egy,..a ~ ns vSnous
pr;can.sst,.. a. tr. ss..n ~ r,.ia AnG mu-
shaR ~ .. IN Sase oL LSuisiana
thMensy ~ tsyl xeaH from ens aate O.
provided. thst said comn. r'ns rT'paI,eii .hsii
have "a fuI,.p.ia ss sss r.. .capit:i stock q
.tL.neLi a9,an e dnaa IN caso sny ooca corpor-
-c~nr ,.rrs =" xhsns ~ ive. S"ase sns D0I
~. ~ ~ ~ s s.w - riu..e .es eSIS.s ~
count or oihervlse. " 4 III shaiI ~ forfei, III -.
entire en- l.,s,ss exemption herein granted. and
nakes Such lnan. SnA snv '.u .,,ch s,ms cc-t =
poration handiinx or Or nexotis I tinr % any
M encS sn. Incur NE fcrfsltnrs
r.e.s,a .In @ ..Cn sn..s navs power
d. haris,rS hm"sns:. ~ ~. oI 'e aV
II, .,,ch cHsrcrst IN. .orS 1us
the control & and sgpervision Of the Ex.
81 VI ~ tS-sorI-H, nS, uuty y
snam 1.ap pe % ,.., reR0n g me Attorney
81 th:s e1emntionl SA q t4e ceHait'sn
stesmefi rs crmr. r,.. o~~s...A
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