The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1920-09-02


the qualified electors Of the State of Louis
lana, for adoption or rejection at the con-
ressional election to be held on the frst
Tuesday next following the first Monday In
November, 1920.
That the official ballots to be used at
said election shall have printed thereon the
srae Of de nf ns to
of Louisiana relative to the pensions for
confederate veterans and the words
@ = The re- % t t. Art
Louisiana relative to pensions for eonfed-
crate veterans. and each elector shall in
aieate, rs provided in the general election
laws of the state, wherhere or not he votes
for or against the amendment.
r. T. WALKER
Speaker of the House of Representatives.
HEWITT BouANcHAUD.
Lieutenant Governor and President of the
Senate.
JSo. NJ. PARKER,
Governor of the State of Louisiana.
JAMES j. BAILEY, Secretary of State.
ACT No. 1913.
'Iouss BIN 10. ass6.I By Mr.; Claiborne.
JOINT RESOLUTION
Proposing an amendment to Article 80 Of
the Constitution of the State of Louisiana
| relative to exempting certain industries
located on the navigation cinal, New Or
leans.
Section T. Besit resolved by tho General
| assembly Of the State Of Louisiana two
thirds of all members elected to each house
concnrrin.- That the following amendments
lana be submitted to the electors of the
state at the next congressional election tn
| be held on the first Tuesday after the first
Monday in November, 102as making said
| article read as follows:
Article $50. The following shall be cx-
| empt from taxation. and no other, viz AL
public property, places of religious worship,
l or burial, the rectories and parsonages of
| churches and grounds thcrcunto appurten-
ant, used exclusively as residences for the
| ministers in charge of such churches, all
property used, exclusively for public monu-
/ ments or historical collections, colleges and
| other school purposes, the real and personal
i estate 81 any public library. and that of any
other library association used by or connect
ed with such library, all books and philoso-
phical apparatus, and all paintings and sta
| in Il public hall; provided. the property SO
lpxeInpted be not leased for purposes of pri-
| vate or corporate profit or income. There
l property to the value Of 500. There shall
| be exempt from taxation for Il period Of ten
! years from the date of its completion. any
/ railroad or part of railroad that shall be
constructed and completed subsequently, to
january / 1903. and prior to January 1,
1909. This exemption shall include and
apply to al rights OF way, roadbctis, sldings
| rights of way. roadbeds or sidings and to
all dep0ts, station-houses buildings. GREG
tions and structures appnrten.nt to such
railroads and the operation of the same
but shall not include the dcpats. warehouses
Istation- houses and other structures and, ap
4 purtcnances nor the land upon which they
are erected at terminal points, and for which
4 franchises have been granted and obtained
| whether same remain the property of thu
present owner or owners. OF. be transferred
or assigned to any corporation or corpora
lions. person or persons wilomsOever and
provided further, That this exemption shall
not apply to double tracks, sidings, switch
cs, depots or other improvements or better
ments, which may be constructed ny rail
roads now in operation within the state
ether than extensions OF nnw lines con
structed by such railroads. There shall b.
exempt from taxation the legal reserve o
life insurance companies organized unde
the laws OF this state. The property or resl
ton OF the State of Louisiana which Is use,
by the State National Guard or militia TO
military purposes. such MS nrsensils OF ar
mories.. while SO used, shall be exempt from
taxation. There shall also be exempt iron
taxation loans made upon. the security 0
mortgages granted upon real estate situate,
, in this state, as wcll as the mortgage
, granted to secure said loans, and the notes
/ bonds or Other written instruments evi
dencing the said loans, whether in til
q the Hi loans MADE ii life th
| surante companies to their policy HOLDERS
upon the sole security OF policies held b
< the D0frOWef3 IN the company making tn
loans. as well MS all notes or other writtc
Instruments, evidencins such loans: pre-
: vided. that in the case of loans upon poll
cies Of life insurance, rs aforesaid. the rat
q of interest charged upon such loans doe
| not exceed p per cent per annum discount
'fhc capital, surplus and personal estat
of every corporation organized after No,
cmher 3D. 1912, In this state for the sol
purpose of lending money on mortgages 9
| country property situated in Louisiana q
Il rate Of interest not to exceed 9 per cen
ff,nf
and handle bonds and securities issued b
!. the various parishes and local districts an
1 municipalities of the State Of Louisian
u shall be exempt from taxation for invent
I years from the date Of the organization I
said companies: provided, that said con
i panies shall have a full.paid cash capt.;
y stock of not less than S2J0,OO0; and, pr
q vided further that In case any such co
+ puration shall on any loan charge the DO
\ rover more than per cent interest whetl
err by way of commission, discount or Othe
4 wise it shall forfeit the entire excmptio
OIL herein granted. and be subject to taxatic
l. from the time it makes snch loan and TN
S such corporation handling or negotiatir
any securities other than those hereinabo1
n mentioned shall incur a like forfeiture.
II No such corporation shall have power
$ receive any money on deposit or to do
y corporations shall be under the control iii
II supervision OF the Examiner of State Bank
te whose duty it shall be TO. report to u
attorney General any violation of the co
e dition of this exemption.
Steamship companies organized rs herei
sc after set forth, together with their capt.
,f stock and all their property, cOrporea1 III
sc incorporeal, shall be exempt from all tax
d and licenses state, parish, fevee and muI
Al Opal, both general and special, exclusive
ut wharfage. shed Or levec dues. for hfte
le Years from the date of filing with the Sc
st Ietary of State proof that their authoriz
n capital stock has been paid in full In cas-
in No such steamship company shall h;l
IN the benefit OF this constitutional nrasisi
ie except upon the following conditions:
III FiPst--That such company snail ha
We been organized and tho whole Of It's authi
n lied capital stock paid In cash before ia
he uary 1. 1916.
n. Sec0nd-That such company shall
or donicileu in the City OF New Orleans,
I'd in some other port of this state.
il Third-That such company shall have
n capital stock Of ut least NIB 900. 900, payal
If only in cash.
lis Feurtli-That it shall be provided in I
w chilrter of the company that no cooperate
in or firm. or individual shall own or centr
lis either directly or Indirectly more than 81
er twentieth of the capital stock of the GO
ed pany and that all pooling agreements q
is voting trusts between the stockholders
IS control the corporation shall be absolut,
III, null and void and no stock held In any 50
re- pool or voting trust shall ever be voted
or any corporate election OF meeting.
"a Fifth--That the capital stock of each CO
at pany shall hs open to public subscription
rs public advertisements in the New Ories
ed newspapers for ut least three months bef
led the books are closed, and If Oyer-subscril
,isr uhajl uysravtintlad ae1l1