The St. Mary banner., 1920-09-18
ACT NO 1h2-

House Bill No. 376-By Mr.. Claiborne.
Substitute for House Bill No. 1893
| JOINT RESOLUTION.
| Proposing an amendment to Article 230
of the Constitution of the State OF
Louisiana relative to exempting GER
tain industries located on the naviga-
ton Canal, New Orleans.
| Section l.. Be it resolved by the Gen.
| eral Assembly of the State of Louis
| lana. two-thirds of all members elected
| to each House concurring, That the fol-
lowing. amendments to the Constltu-
| ton of the State of Louisiana he sub
| mitted to the electors of the State at
| the next Congressional Election to be
| held on the first Tuesday after the first
Monday in November, 1920, making
| said Article read as follows:
Article 230. The following shall be
exempt from taxation, and no other,
viz: All public property, places of re-
| ligious worship. or burial, the rectories
| and parsonages of churches and
grounds thereunto appurtenant. used
exclusively as residences for the min
isters in charge of such churches, all
charitable institutions, all buildings
and property used exclusively for pub
lie monuments or historical collections.
colleges and other school purposes. the
real and personal estate of any public
library, and that of any other library
association used by or connected with
| such library. all books and philosophi-
cal apparatus. and all paintings and
statuary of any company or associa-
| ton, kept in a public hall; provided,
the property so exempted be not 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 of it's completion. any railroad
or part of railroad that shall be con-
structed and completed subsequently to
January l, 1905 and prior to January l,
1909. This exemption shall include and
apply to all rights of way, roadbeds,
sidinGs, rails, and other superstruc-
lures upon such rights of way. road
beds or sidings; and to all depots sta
n-houses, buildings, erections and
structures appurtenant to such rail-
roads and the operation of the same;
but shall not include the depots, ware
houses, stationhouses and other struc-
! lures and appurtenances nor the land
upon which they are erected at ter
minal points, and for which franchises
| have been granted and obtained: /:
whether same remain the property OF
| the present owner or owners, or be
| transferred or assigned to any cor
! poration or corporations, person or per-
| sons whomsoever, and, provided fur
| ther. that this exemption shall not
apply to double tracks, sidingS,
! switches depots or other improvements
| or betterments. which may be con-
| structed by railroads now in operation
within the State. other than extensions
| or new lines constructed by such rail-
roads. There shall be exempt from
| taxation the legal reserve of life insur-
| anCe companies organized under the
| laws of this State. The property or
real estate belonging to any military
| organization of the State of Louisiana
which is used by the State National
Guard or militia for military purposes,
| such as arsenaIs or armories, while so
used. shall be exempt from taxation
! There shall also be exempt from tax
! alton, loans made upon the security Of
mortgages granted upon real estate
| situated in this State, as well as -he
| mortgages granted to secure said loans
| and the notes. bonds or other written
instruments evidencing the said loans.
whether in the hands of the mortgage,
or his or their transferees; and all
! loans made by life insurance companies
| to their policyholders. upon the solo
security of policies held by the bor-
rover in the company making the
| loans as well as all notes or other