The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1920-10-14

T5rUUUSfU.
the qualified electors of the State Of Louis
ANA, for adoption or rejection ut the con-
,-ressien,l election to be hcid on the first |
Tuesday next following the first Monday in
That the official ballots to be used at
said election shall have printed thereon the
words For the proposed amendment 70
Article 1908 Of the Constitution of the State
of Louisiana relative to the pensions for
Confederate veterans and the words:
Against the proposed amendment to Arti-
Gle So: of the Constitution of the State of
Louisiana relative to pensions for Confed-
crate veterans. and each elector shall In
ficate. as provided in the general election
laws of the state. wherher or not he votes
for against the amendment.
r. +. WALKER,
Speaker of the House of Representatives
/ HEWITT BoUAScHArp.
Lieutenant Governor and President of the
Approved: July {: 1920:
Governor Of the State of Louisiana.
JAMES j: BAILEY. Secretary Of State.
ACT No. 15s.
HOUSE Bill No. a7e.l BY Mr.. Claiborne.
Substitute for House Bill No. 100.
JOINT Resolution
Proposing an amendment to Artitlc 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
l Assembly of the State of Louisiana, two
thirds of all members elected to each house
eencurring, That the following amendments
| to the Constitution of the State of Louis
| lana be submitted to the electors Of the
tate at tilr next congressional election to
| be held on the first Tuesday after the first
| Monday in November, 1920, making said
article read rs follows:
| Article 2a0. The following shall be cx.
mt frGm taxation, and no other. viz: MI
public property, places of religious worship.
sor burial, the rectories and parsonages OF
Churches and grounds thereunto appurtcn-
1 ant. used exclusively as residences for thu,
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
| state OF any public library. and that of any
4 ether library association used by or connect.
| Il with such library. all books and pniloso-
phical apparatus, and all paintings and sta.
tuary of any company or association, kept
in public hall; provided. the property s
exempted be net leased for purposes OF pri
vate or corporate profit or income. There
shall be exempt from taxation householt
property to the value of $500. There shall
be exempt from taxation for period of ter
1years from the date of It's completion. any
railroad or part Of railroad that shall b
constructed and completed subsequently Z
January /. 1905. and prior to January /
1909: This exemption shall include ant
apply to all rights of way. roadbeds, SIDING
. Il
rights of way. roadbcds or sidings; and t
all depots, station-h0uses. buildings cree
tions and structures appurtenant to sncl
railroads and the operation of the same
hut shall not include the dcpots. warehouses
station-heuses and other structures and up
purtenances nor the land upon which the
are erected Mt terminal points, and for whic
; franchises have been granted and obtained
whether same remain the property OF tn
present owner or owners, or be transferre
or assigned to any corporation q corpora
t1xvSe vlNrssr pr
7 provided further. that this exemption sha
: not apply to double tracks. sidings, switch
es, dcpots or other improvements OF bettel
! me1ts, which may be constructed by raj
I roads now in operation within the stat
ri other than extensions or Pew lines col
! structed by such railroads. There shall !
i exempt from taxation the legal reserve
i | life insurance companies organized undo
: the laws of this state. The property or re;
t estate belonging to any military organiz'
i ton of the State of Louisiana which Is use
: ! by the State National Guard or militia X
8 military purposes, such as arsenals or
i mories while so used, shall be exempt fro
: taxation. There shall also be exempt fFO
o taxation loans nude upon the security
8 mortgages granted upon real estate situate
o in this state. as well as the mortgage
+ granted to secure said loans, and the note
I bonds or other written Instruments ey
f dcncing the said loans, whether In tt
d hands of the mortgagee. or his or the
= transferees: and all loans made by life !
8 surance companies to their policy holder
upon the sole security of policies held
the borrower in the company making Il
~ Mel ev Vi e such ioans
le vided. that In the case of loans upon pc
s | cies of life insurance, as aforesaid. the ri
of interest charged upon such loans do
not exceed 5 per cent per annum discour
The capital, surplus and personal esta
\. of every corporation organized after No
ember %, 1912; IN this state for the 50
country property situated in Louisiana
Il rate Of Interest not TO exceed 9 persce
II. net to the borrower. with power to negotia
and handle bonds and securities issued
the various parishes and local districts al
OF municipalities of the State OF Louisia
Ia shall be exempt from taxation for TWEEN
n years from the date of the organization
said companies provided, that said co
nj panies shall have a fullpaid cash capt.
q stock of not less than So50,O00; and, n
sc vided further. that In case any such g
ii. pOration shall on any loan charge the b.
q rover more than 6 per cent interest, whe
ed or by way Of commission. discount or 0tn
30 herein granted, and be subject to taxati
al from the time 1t makes such loan and q
is such corporation handling or negotiati
any securities other than those hereinAbt
,m mentioned shall incur like forfeiture.
Of No such corporation shall have power
is receive any money on deposit or to dc
in banking business Of any sort. but all 81
ny corporations shall be under the control !
nil supervision of the Examiner Of State Ban
ate whose duty 1t shall be TO report to
Attorney General any violation OF the c
)re dition of this exemption.
Steamship companies organized rs here
Use after set forth. together with Their capl
or stock and all fhefr pronerty. rorporrai ;
use incorporeaI. shall be exempt from all TIA
red and licenses state. parish, levec and mi
"a cipal both general and special. exclusive
emit wharfage shed or levee dues, for fit
he years from the date of filing With the
asst rotary Of State proof that their authori
en- capital stock has been paid In full In G.
in No such steamship company shall II
ion the benefit OF this constitutional provis
the except upon the following conditions:
lalI | First--That such company shall \
i've been organized and the whole OF It's autl
EN- ized capital stock paid in cash before ]
thei uary l. 1916
lin, Second--Thnt such company shall
or donlicilcd in the City Of New Orleans.
ted in some other port of this state.
if Third--That such company shall hay
AN capital stock of Mt least 1000, pay
ii only in cash.
his Fourth-That it shall be provided In
low charter of the company that no corpora
,ein or firrn or individual shall own or cont
this either directly or indirectly. more than
her twentieth OF the capital stock OF the
sed pany and that all pooling agreements
us voting trusts between the stockholders
AUS control the corporation snail pc 90seiu
RAIL- null and void and no stock held In any
ere nool or voting trust shall ever be vute'
for any corporate election or meeting.
lea Fifth-That the capital stock OF each
that | pany shall BIZ open 10 public subscrlptio
iers | public advertisements In the New Orl
rred newspapers for at least three months bt
tied the books arr closed, and ii over-subScI
her shall be apportionedr among the sHbscri
( ar | SiYth--That- all vessels operated by