The Bossier banner., 1920-09-16

the QtlaIiHeQ electors the EstAte Oi LOUIS
iani for adoption or relsetion at tle con.
vressianal election to be bold on the .irst
Tue sday next following the first Monday in
November. 1920.
That the. official bailots to he used ut
said election shall have printed thereon the
words g For the proposed amendment 10
article 3osi OF the Constitution OF the STATE
OF Louisiana relative to the pensions for
Confederate veterans " and the words:
Against the proposed amendment to Artf-
Gle so. of the Constitution OF the State of
Louisiana relative to pensions for confed-
crate veterans, and each eleetor shall in
,.ieatr, us provided i. IN II, the gensfa eeetien
for or against the amendment.
i. IA WALKER.
Speaker of the House of Representatives,.
HEWITT BoUANCHAED.
Lieutenant Governor and President of the
Senate.
JSo. N. PARKER,
Governor of the State of Louisiana. (
JAMES j.. BAILEY, Secretary Of State. /.
ACT No. 153.
ssst;tni IGs nil 70 Ns Ha. s Mn r No r Id Claiborne
JOINT RESOLUTION
Proposing an amendment to Article 23o of
. the Constitution of the State Of Louisan;,
relative to eXempting certain industries
| located on the navigation canal. New Or
leans.
Section 1. 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
lana be submitted to the electors of the
sstat, ut the. next consressionnl eig. tion ta
he held on the first Tuesday after the first
4 Monday in November. 1920, making said
/ article read as follows:
| Article go. The following shall be ex-
enpt. from taxation. and no other, viz Al
public property, places of religious worship,
| or burial, the rectefies and parsonages of
churches and grounds thereunto appurten--
ant. used exclusively rs residences for the
ministers in charge of. such churches, all
charitable institutions, all buildings and
property used exclusively for public monu.
| ments or historical collections, colleges and
other school purposes. the real and personal
estate of any public library, and that of any
| etaer Library association used by or connect
ed with such library. all books and phiiose-
phical apparatus. and all paintings and sta
tuary of any company or association. kept
in public hall: provided, the property 50
yate or corporate profit or income. There
shall be exempt from taxation household
property TO the value of $500. There shall
i be exempt from taxation for period of ten
years from the date of its completion. any
, railroad or part of railroad that shall be
January J. 1905, and prior to January 1,
! 1909. This exemption shall include and
/ apply to all rights Of way, roadbcdk, sidinEs
rails, and other superstructurss y. upon such u
; / all depets, station-houses, buildings, cree
+ tions and structures appurtenant to such
but sIai not I include m s the epots. 3 warehouses;
q station-houscs and other structures and ap
. purfenances nor the land upon which they
1 arc erected at terminal points, and for which
: franchises have been granted and obtained
I whether same remain the property of tht
r present owner or owners, or be transferred
!. or assigned to any corporation or corpora
4 tions, person or persons whomsoever, and
Il provided further. that this exemption shall
r. not apply to saoubfe tracks. sidinss switch
4 es, depots or other improvements or better
+ ments, which may be constructed BY rail
= roads now in operation within the state
r. either than extensions Or new lines con
= structed by such railroads. There shall b
il exempt from taxation the legal reserve o
i | life Insurance companies organized unde
= the laws Of this state. The property or rea
ii tion of the State of Louisiana which is use
" by the State National Guard or militia TO
d. military purposes. such as arsenals OF a.
n inories, while used, shall be exempt fr0I
=. taxation. There shall also be exempt froI
10 pxatien loans made upon the security Q
nc mortgages granted upon real estate situate
- in this state, as well as the mortgage
to | granted to secure said loans, and the note
of bends or other written instruments ey
Of deneing the said loans, whether in Il, g
"A hands of the mortgagee, or his or the
az transferees: and all loans made by life u
IA suTance. companies to their policy holder
| upon the sole security of policies held h
| the borrower in the company making tt
IS loans, as well as all notes or other write
Instruments. evideneing such loans: pr
N1GeQ, tlaL In the case Ol AOunS upon POI
ne eies Of life insurance, as aforesaid. the RAJ
Of interest charged upon such loans do
not exceed 5 per cent per annum discoun
!. The capital, surplus and personal esta
Ia. Of every corporation organized after No
cnber %. 1912, In this state for the so
purpose of lending money. on mortgages
country property situated in Louisiana
4 rate Of interest not to exceed 6 per ce
III i net to the borrower. with power to negotia
and handle bonds and securities issued
| the various parishes and local districts NJ
Of | municipalities of the State, of I.ouisial
ma shall be exempt from taxation for twcn
en- years from the date OF the organization
raj panies shall have a full-paid cash capt.
vo- stock of not less than $250,O00, and, pl
use vided further, that in case any such g
sti poration shall on any loan charge the b.
10 rover more than per cent interest, whei
tod er by way of commission. discount or 9th
wise, 1t shall forfeit the entire exempti
S2O herein granted. and be subject to taxati
ed from the time 1t makes such loan, ana a
,ses such corporation handling or negotiati
any securities other than those hereinabt
.o,n mentioned shall incur a like forfeiture.
. of No such corporation shall have power
dis | receive any money on deposit or to do
,an- banking business Of any sort but all 81
uail supervision Of the Examiner OF Stnte Ban
rate whose duty it shall be TO report TO
Attorney General any violation OF the 9
,ore ditien of this exemption.
Steamship companies organized as hert
wise after set forth, together with their cap
, or stock and all their property. corpors's ;
i
cred and licenses. stHte. PARISH, levec ana MI
iz,l- cipal. both general and special, exclusive
,ent wharfage, shed or levec dues, for lift
be | years from tie date OF filing with the
east | rotary of State proof that their authori
pen capital stock has been paid in full in G.
j, in 10 such steamship company shall b
tion the benefit of this constitutional arayis
the except upon the following conditions
hall Eirst-That such company shall =
five been organized and the whole OF Its autl
pen ized capital stock paid in cash before !.
/ the uary L, 1916.
rain, seconl--That such company shall
+ or demic!led in the City OF New Orleans
ctcd in some other port of this state.
q II Third-That such company shall hay
gan leapital stock of at least $4,000 pay
Dr. ii only in cash.
his Eeurtll-That it shall be provided IN
itlow charter Of the company that no corpora
rrrin er firm or individual shall own or con
this either directly or indirectly. more than
( her twentieth Of the capital stock Of the
,ased pany and that all pooling agreements
oIIis- voting trusts between the stOckh0lder
mus control the corporation shall be absoli
SHALL null and void and no stock held in any
here pool or voting trust shall ever be vote
Z FOR any corporate election or meeting.
plfca Fifth-That tire capital stock OF each
that panv shall be open to public subscrlpfio
Idicrs puhiie advertisements In the New Orl
arrrd newspapers for ut least three months b.
titIeti tl,p books are closed. and il over-subse
othcrl shall be apportioaed among the subscri
nc or Si-th---'rbat all vessels operated by