The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1920-10-28


disabled Confederate soldiers or sailors.
Sec. >. Be it further resolved. etc. That
this proposed amendment BIZ submitted to
the qualified electors Of the State OF Louis
lana. for adoption or rejection at the con-
..rrssinnal election to he held on the first
Tuesday next following the first Monday in
November. 1920.
That the official ballots to. be used at
said election shall have printed thereon the
words For the proposed amendment to
Article SOB of the Constitution of the State
Of Louisiana relative to the pensions for
Against tho proposed amendment to Arti-
Gle :i03 of the Constitution of the State of
Louisiana relative to pensions for confed-
dicatn. as provided in tbn general election
laws of tie state, wherilcr or net he votes
for or against the amendment.
r. +. WALKER,
Speaker of the House of Representatives.
HEWITT BoUANclisIp.
Lieutenant Governor and President Of the
Senate.
approved: July Z, 1920;
Governor of the State OF Louisiana.
JAMES j: BAILEY. Secretary of state.
ACT No. 1873.
Hens" Eill No. a7f Ry Mr.. Claiborne,
Substitute for House Bill No. 1870.
JOINT RESOLUTION
the Constitution of the State of Louisiana
relative to exempting certain industries
located on the navigation canal, New Or
leans.
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 stats Of Louis
state at the next congressional election to.
be held on the first Tuesday after the first
Monday in November, 1920, making said
article read rs follows
Article 80 The following shall be ex-
emnt from taxation ana no ether. viz All
public property, places of religious worship.
or burial, the rectories and parsonages of
churches and grounds thereunto appurtcn-
ant. used exclusively as residences for the
ministers In charge of such churches, all
charitable institutions. all buildings and
property used exclusively for public m0nu-
ments or historical collections. colleges and
other school purposes, the real and personal
estate OF any public library. and that of ans
Cd with such library. i'll books and philoso-
phfcal apparatus, and all paintings and sta
tuary OF any company or association. kept
in public hall provided. the property so
vatc or corporate profit or income. There
shall be exempt from taxation household
property to the value OF 500. There shall
be exempt from taxation for period Of ten
years from the date of It's completion. any
railroad or part of railroad that shall be
constructed and completed subsequently, to
1909. This exemption shall include and
apply to all rights of way, rOadbeds, sidings
rails, and other superstructurcs upon such
ali depots, station-ho,ses. buildings. cree
fions and structures appurtenant to such
railroads and the operation of the same /:
but shall not include the depots. warehouses.
statfon-houses and other structures and APP
purtenances nor the land upon which they
are erected at terminal points, and for which
franchises have been granted and obtained
whether same remain the property Of the
present owner or owners. or | 4 transferred
or assigned to any corporation or corpora
ffOns. person or persons whomsOcvcr, and,
provided further. that this exemption shall
not apply to double tracks. sidin.,s. switch
es, depots or other improvements or better
ments. which may be constructed by rail
roads now in operation within the state,
other than extensions or n.W lines con-
structed by such railroads. There shall be
exempt from taxation the legal reserve of
life insurance companies organized under
the laws of this state The property or renl
estate belonging to any military organiza-
ton of the State of Louisiana which is used
by the State National Guard or militia for
mories. while so used, shall be exempt from
taxation. There shall also be- exempt from
taxation loans made upon the security of
mortgages granted upon real estate situated
In this state. as well as the mortgages
granted to secure said loans. and the notes.
bonds or ether written Instruments evil
dencing the said loans. whether in the
hands of the mOrtgagce. or his or their
transferees: and all loans made by life in.
sursance companies to their policy holders.
upon the sole security of policies held by
loans. as well as ali notes or other written
instruments. eyidencing such loans: pro.
vided. that in the case Of loans upon poll
cies Of life insurance, US aforesaid, the rate
of interest charged upon such loans does
not exceed per cent per annum discount
The capital, surplus and personal estate
Of every corporation organized after Nov
ember D.. 1912, in this state for the sole
purpose of lending money on mortgages on
country property situated in Louisiana al
a rate of interest not to exceed per cent
net to the borrower, with power to negotiate
| and handle bonds and securities issued By
the various parishes and local districts and
| municipalities of the State Of Louisiana
shall be exempt from taxation for twenty
years from the date of the organization Of
said companies: provided, that said com
panies shall have a full-paid cash capita
stock of not less than $250,0OO: and. pro
vided further, that in case any such cor
poration shall on any loan charge the Dor
rover more than 9 per cent interest wheth
er by way of commission discount or other
herein granted. and be subject to taxation
| from the time 1t makes such lOan and AM
| such corporation handling or negotiating
| any securities other than those hcreinabOvs
mentioned shall incur a like forfeiture.
| No such corporation shall have power Il
receive any money on deposit or to do
banking business OF any sort, but all such
corporations shall be under the control nnt
supervision OF the Examiner of State Banks
whose duty 1t shall he to report to til,
attorney General any violation Of the con
/ dition OF this exemption.
steamship companies organized as herein
/ after set forth. together with their capita
4 stock and all their property, corporral AM
incorporcal, shall be exempt from all take
| and licenses state, parish, levee and mum
cipal, both general and special, exclusive o
| Wharfage. shed or lcyec dues, for fiftcel
/ years from the date of filing with the Sec
| rotary of State proof that their authorize,
| capital stock has been paid In full In cash
/ No such steamship company shall hav
the benefit OF this constitutional Drovisiol
except upon the following conditions:
First-That such company shall hav
lied capital stock paid in cash before Jan
uary 1, 1915.
Seeond--That such company shall b
domicilcd in tho CITY OF New Orleans, o
in some other port of this state.
| Third-That such company shall have
capital stock Of. at least S.,000.O00, payabl
only in cash.
j Fourth-That 1t shall be provided in tn
charter of the company that no cOrporatio
/ or firm, or individual shall own or cOntrO
either directly or indirectly, more than ont
| twentieth of the capital stock OF the con
pnny: and that all pooling agreements an
voting trusts between the stockholders
null and void and no stock held In any sue
pool or voting trust shall ever be voted q
any corporate election or meeting.
Fifth-5That tho capital stock of each con
pany shall be open to public subscription b
public advertisements in the New Orlear
newspapers for Mt least thr,e months befOI
the books are closed, and ii yer-subscribe