The Bienville Democrat. [volume] (Arcadia, Bienville Parish, La.) 1912-1980, 1920-08-26

,uiic., to, as proviued ia tee general
election laws Of the state, whether or !
not he votes for or against the amend
ment
Speaker Of the House of Representa- !
tives. r,r,r>
HEWITT BOUANCIIAuD, /
Lieutenant Governor and President or
the Senate.
Approved: July 7. 1920
JNO. NJ. PARKER
Governor Of the State OF LOUISIANA
true copy:
JAMES j. BAILEY,
Secretary Of State.
ACT NO. 1853.
House Bill No. 376-By Mr.. Claihorne'
Substitute for House Bill No. l99.
JOINT RESOLUTION.
Proposing an amendment to Arucle 10Y
of the Constitution Of the state Oh
Louisiana relative to cXemntlnG GER
tain industries located on the naVlga-
ton Canal, New Orleans.
| Section |. Be it resolved by the Cen
+ eral Assembly Of the state of LOUIS
lana. two-thirds Of all members elected
to each House concurring, 1hat Inc tol-
| lowing amendments to the NohSlllu-
ton Of the State of Louisiana be sun
mitted to the electors OF the Sjiie AZ
| the next Congressional Election 10 De
held on the first Tuesday after the flrSt
Monday in November 1870, making
said Article read as follows;
Article 230. The following shall be
exempt from taxation, and no other,
| Al ~ -
ligious worship, or burial, the recjorie$5
and parsonages Of churches ana
grounds thcrcuntO appurtcnAnt USed
exclusively as residences for TN" MN
listers in charge of such churches, all
charitable Institutions all buildings
and property used exclusively for pup
lie monuments or historical collections,
colleges and other school purposes, me
real and personal estate OF any pNbilc
library, and that Of any other library
association used by or connected with
such library, all books and philosophy
cal apparatus and all paintings ana
statuary of any company or 2SS" IA
ton, kept in a public hall; provided,
the property so exempted be net leased
for purposes of private or corporate
profit or income. There shall also be
exempt from taxation household prop
erty to the value Of five hundred dol
lars. There Shall be exempt from tax
alton for a period of ten years from
the date CT rs completion, any railroad
or part of railroad that shall be con-
structed and completed subsequently to
January i, 1905, and prior to January /
1909. This exemption Shall include and
apply to all rights Of way, roadhedS
: sidings, rails, and other supcratruc-
lures upon such rights OF way, road,
beds or sdings and to all depots sta,
ton houses buildings, Grections anC
structures appurtenant to such rail
roads and the operation of the same
but shall not include the depotS. ware
houses, stationhouseS and other struc
1 lures and appurtenances nor the Iant
/ uDOn which they are erected at ter
minal points, and for which franchisei
have been granted and obtained
y. whether same remain the property o
| the present owner or owners, or b.
transferred or assigned to any cor
poraton or corporations, person or per
sons whomsoever, and, provided iur
Their, that this exemption shall no
amply to double tracks, sidings
switches. depots or other Improvement
. or betterments. which may be con
9 structed by railroads now in operatio
= within the State, other than extension
u or new lines constructed by such raj!
= roads. There shall be exempt tr0I
taxation the legal reserve of life lnSur
e ance companies organized under tn
g laws of this State. The property o
., real estate belonging to any militar
- organization of the State of Loulsian
- which Is used by the State NationS
g Guard or militia for military purpose
,.,l>n 10 10y
, used, shall be exempt from taxation
u There shall also be exempt from tax
~ alton, loans made upon the security
e mortgages granted upon real estai
- situated in this State, as well as Il
T., mortgages granted to secure said loan
y and the notes, bonds or other write
- instruments evidencing the said loan
a. whether in the hands of the mortgage
- or his or their transferees; and a
o loans made by life insurance C0mpani'
&c 20 their policyholders, upon the SO
&C security of policies held by the bo
: rover in the company making II
- loans, as well as all notes or 9TH
- written instruments, evidencing SUI
loans; provided, that in the case
- loans upon policies of life insuranC
q as aforesaid, the rate of intere
. charged upon such loans does not g
~ coed five per cent $50 per annum al
"a count.
&c The capital, surplus and person
~, estate of every corporation organic
W. after November 23rd, 1912, in this Sta
va for the sole purpose of lendll
~ money on mortgages on count
ro property situated In Louisiana at
an rate of interest not to exceed SIX p
I'M cent (6%) net to the borrower, WI
n power to negotiate and handle Dof
ad and securities issued by the vario
re parishes and local districts and m
n. inequalities of the State of louisa
cd shall be exempt from taxation
Nv twenty (20) years from the date
ca the organization OF SAID compahi
-, provided, that said companies sh
- have a full-paid cash capital stock
,e' not less than $250O0O; and provid
20 further, that in case any such corpt
II alton shall on any loan charge the b(
nf rover more than six per cent intere
,ch whether by way of commission, q
on count or otherwise it shall forfeit
roi entire exemption herein granted "a
Two be subject to taxation from the time
az. makes such loan; andN any Such c.
Tod poration handling or negotiating a
"a securities other than those herainabt
caS mentioned shall incur like forfeitu
,n No such corporation shall have pov
a as to receive any money on deposit or
his i do banking business Of any sort,
inr all such corporations shall be UNI
nn. the control and supervision Of the
J ,ho aminer of State Banks, whose duty
nrs shall be to report to the Attorl
raJ General any violation of the condit
he of this exemption.
mo Steamship companies organized
or a hereinafter set forth, together W
var their capital stock and all their pr
nr erty, corporcal and incorporeal. 81
IN, be exempt from oil taxes and licen
tbis State, parish, leVbe and nur lcipal, b
ono general and special, exclusive OF WhS
,an age, shed or levec dues. Tor fit
~ years from the date % fling with
Mar Secretary of State proof. that Il
ax. authorized capital stock has been
dea in full in cash,
,nra No such steamship company s
al have the benefit of this Constitute
ar. provision except upon the follow
hall conditions:
foI First-That such company shall h
,ro. been organized and the whole Of
for authorized capital stock paid In {
eral before January LIST, 1916.
.nd Second-That such company shall
in domicied in the City of New Orle
for or in some other port OF this state
of ThirdJThat such company shall I
We'd capital stoch VI a. Zoo III, nSh
,On- non dollars, pasao.S JniS ~ s,.
q to the charter OF the company that
that corporation, or irn,' vi i a,rontiu or
1op- own or control ea.hed oi, .,nant, ~ ~
| 81 af q