The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1920-10-30

Indicate, as provided in the genors
| erection laws of the State. whether q
no. ne votes for or against the amend
r. F. WALKER.
speaker OF the House of Representa-
HEWITT BouANcHAyD.
lieutenant Governor and President o
! Approved: July Z, 1920.
JNO. M. PARKER.
governor of the State of Louisiana
JAMES J. BAILEY,
secretary of State
ACT NO. 153.
House Bill No. 37s-By Mr.. Claiborne
substitute for House Bill No. 1919.
JOINT RESOLUTION.
proposing an amendment to Article<23(
or the Constitution of the State NJ
louisiana relative to exempting GER
lain industries located on the naviga-
ton Canal, New Orleans.
Section 1. Be it resolved by the Cen
eral Assembly of the State of Louis
iana, tWo-thirds of all members elected
70 each House concurring, That the fol-
loving amendments to the Constitu-
ton of the State of Louisiana be sub
United to the electors of the State at
the next Congressional Election to be
neid on the first Tuesday after the first
MONDAY in November. 1920. making
SAID Article read as follows:
Article 2sO. The following shall he
exempt from taxation. and no other.
VIZ: All public property, places of re-
ligdous worship, or burial. the rectories
grounds thereunto appurtenant u sed
exclusively as residences for the min
lsters In charge of such churches. all
charitable institutions, all buildings
anu property used exclusively for pub
~ hfSto
coneges and other school purposes. the
real and personal estate of any public
library, and that of any other library
used by or connected with
such nprary, all books and philosophi-
cal apparatus, and all paintings and
statuary OF any company or associa-
non. Kept in a public hall; provided.
me property so exempted be not leased
profit or income There shall also he
exempt from taxation household pron-
erty to the value of five hundred dol
ars. There shall be exempt from tax
he date of its completion. any railroad
y part or railroad that shall be con-
Itructed and completed subsequently, to
aa au y, l. 1905. and prior to January /, |
III Inns exemption shall include and |
lpply to all rights of way. roadbads
longs, rails, and other superstruc- |
ures upon such rights of way. road |
eos or sidings; and to all depots. sta |
houses, buildings. erections and |
tructnres appurtenant to such rail- |
oaos and the operation of the same:
ue shall not include the depots. ware,
ouses, stationhouses and other struc
LIE. ana appurtenances nor the land
pom which they are erected at ter
,inai points, and for which franchises
ave been granted and obtained.
,hetner same remain the property OF
ne present owner or owners. or be
ransferred or assigned to any cor
grafton or corporations, person or ner-
ons whomsoever, and, provided fur
aeT. that this exemption shall not
ppty to double tracks. sidings,
betterments, which may be con-
ructed by railroads now in operation
itnln the State. other than extensions
new lines constructed by such rail-
'ao aus; Ihere shall be exempt from
ice companies organized under the
WIS of this State. The property or
al estate belonging to any military
b Sahization OF the State of Louisiana
aard or militia for military purposes.
cn as arsenals or armories, while SO
'eo, snail be exempt from taxation.
i ie snail also be exempt from tax
ortgages granted upon real estate
lu?ted In this State, az well as The
ortgages granted to secure said loans.
= TIN, the notes. bonds or other written
neither in the hands OF the morteagee
MS or their transferees; and ali
ans made by life insurance companiea
.u lnf,r poileyih9iders upon the sole
wer in the company making ns D fhe
ans. as well as all notes or other
1tten instruments. evidencfng such
ms; provided, that in the case of e
IN. ro upon policies Of life insurance, 9
arged upon such loans does NOT en- n
"a nve per cent (5%) per annum dis y
!. h ,s capital. surplus and personal i
er November gard, 1912, in this State a
ney on mortgages on country t
'perty situated in Louisiana at a d
e Of interest not to exceed six per 81
It $50 net to the borrower. with W
yer 10 negotiate and handle bonds N
securities issued by the various W
,ishes and local districts and mu- tt
II lRah ha OF the State of Louisiana &c
snty (2o) years from the date of b
organization of said companies.I
vided: that said companies shall Ell
e a Iui paid cash capital stock of pl
Their, that in case any such corpor- st
IN shall on any loan charge the bor- ii
Ter more than six per cent Interest. VI
1 nj Or oX way OF coSmmission, dis Pc
- VeHSt WISE, IL Snail forfeit the y
ire exemption herein granted. and 10
subject to taxation from the time N -
kes such loan; and any such cor Al
At,on handling or negotiating any 81
irities other than those hersinaboye til
ltioned shall incur a like forfeiture m
such corporation shall have power Sc
receive any money on deposit or to In
! banking business of any sort. but tic
such corporations shall be under
control and supervision of the Fly Lii
ner OF State Banks, whose duty IL
u be to report to the Attorney
erai any violation of the condition SIP
his exemption.
eamshfp companies organized as
'inafter set forth, together with
capital stock and ali their prom
!, corporal and incorporeal. shall
Exempt from all taxes and licenses
g, parish, levee and MUIR icipai. both
srai and special, exclusive of wharf ~
shed or levee dues. FOR fifteen -
o from the date Of filing with the
etary Of State proof that their
orf1ed capital stock has been paid
I'LL in cash.
such steamship company shall
the benent of this CONSTITUTIONAL
ision except upon the following