The Era-leader. [volume] (Franklinton, La.) 1910-current, 1920-09-02

~
men'' r. F WALKER. o
.,,.or of the House of Representa- c
tives. ,,-1r,r pO1-,ECtIAJ-D I
X.+onant Governor and President OF o
t annnr r July :. 1920.
app JNO. VI. PAHN"lt.
Governor of the Stat" Of lou'$iah". |
JAMES J. BAilE1'
Secretary of State
ACT no. 155.
,.use Bill No. 376-l'y Mr.. Clainor"e'
hee G,,hstitute for House Hll no. l9'.
! JOINT RESOLCTlON. o,o
p-onos;ng an amendment to Arur'' 20"
of the Constitution OF IN" Eva, 3o"'1 co w.
Iouisiann relative to rN"mpIlhE .tl
tnin industries located on the haFls'-
ZION Canal New Orleans r
s c.o.. Be it resolved by the Gen
oral Assembly of the state OF l'ou ts1
lana. two thirds OF All ne'M ,r''at NE fol.
70 Zach House concurrinS. Ihat me ~!
iowinr amendments to the 'ohstltu-
,ion NJ the State of Louisiana De SUD.
,ittod IN the electors of the Sta'' ~
. NV uaxt congressional Election TO De
held on the first Tuesday aver 'ms a, i've
Monday in November. wv h'"N''e
said Article read as follows: ,u h.
: Cd trtin,a $40 The following shall pc
extmpt from taxation, and no otner'
r W.. All public property, places OF re.
ligious worship. or burial the re,'o, IVA ioS
= and parsonages OF c ,n,aant used
r Exclusively as residences for the MN n,
= ,sters in charge of such churches, an
e Charitable institutions, all buildlhEs
e and nroperty used exclusively tor pup
9 lie monuments or HISTORICAL co!lecs'o ~ -
5 colleges and other school purposes, , ~
d roa, aud personal estate Of any pubic
= library, and that Of any other l,orafy
It osaociation used by or connected WIN
v snch library. al books and philosopnl,,
l. cal apparatus. and all paintings anu ar.
-, statuary Of any company or assss. GJJtSd
d, tion, kept In a public hall; PROVIDED;
,e the nronertv 20 exempted be not leased
d Tor purposes of private or corporate
l. nroft or income. There shall also De
i exempt from taxation household PROV
g. erty to the value OF Ave hunhreu aol'
p alton for a period of ten years ron
ne the date of its completion, any ta'lroao
d. ~ MART of railroad that shall be con
IL structed and completed subsequently :
g. January !, 1905. and prior 70 January
IN 1909 This exemption sha1l ihciuu1u, a." as
nd sidings. rails, and other supefstruss
or t tuyes upon such rights Of way: ROAD
as heds or sjdngs; ard to all depote, sta
VS. tion. houses. buildings, erections an
structures appurtenant to such lal.
roads and the operation or we na .n VS.
houses, statonhouses ana otnt .hs s' 1,n
J., TIRES and appurterances nor the ian
Of unon which they are erected at Iel
minal points, and fol. whlcn lra h.,;,,o,
have been granted and ohtaine.
whether same remain (ne plupe,T ,
M. the present owner or owners or
transferred or assigned to any CO.
borAtion or corporations. person or pc
sots Vhomsoever, and. proVi n,,a, III ~
ther that this, exemptGn sh "a; M M
apply to- double tracks, m slu,ns
switches dep9ts or Mh 4eher many be COZ
~, structed by railroads now in operate
ave within the State, other than EXTENSION
:, OF or new lines constructed by such RAJ
ate roads There shall be e * MP r $50
taxation the esa or resefxe Or under md '
the laws of this state, The property
us. real estate belonging to any militia
, ,es organization Of the State of l'euisla
n ma which ID used by the State Nation
ro ere Guard or militia for Military p s9,1
rhere shall also be exempt from ia
ICY, ,'.u alton. loans made upon the security
n l,tna mortgages granted upon real est:
a' - situated in this State, as well as
81 mortgages granted to secure said loa
and the notes, bonds or other writ
aoty instruments evidencing the SAID loa
intiiii whether in the hands Of the mortgag
lieil or his or their transferecsi ana
ONE loans made by life insurance compall
the their p po nycSs Field lp BY the the
re. rover in the company making :,
atss loans. az we'll as all notes or OF
-. written instruments, evidsnc,ng 81
81 loans; provided, that In thes case
'"' loans Upon policies OF IRE 'hI iutsr
her. as aforesaid the ,d ra,s d o nat, not
' '.us coed five per cent $50 per annum
j.! or r. co The capital, surplus ana persc
rY,cs estate OF every corporation organi
s faed after November 2ard 19l2 IN THIS 81 s.
have for the sole m,r puapose on cenp
NV, NV property situated in Louisiana a
pen. rate Of interest not to exceed six
.heIs cent (6Ts) net to the borrower, v
I f.a IA power to negotiate and handle DC
Gov. and securities issued by the var
N I9na parishes and local districts a'd
,snar. Inequalities Of the State Of Louisl
years mali he exempt from taxation
, p ptnd twenty (2o) years from the date
A ms. the organization Of said c9mpaI
, nrea provided, that said companies s
mar. have paid eas aao cap na n n,9S,
or w further, that in case any such cor
# ae alton shall on any loan charge the
'n MI + rover more than six per cent int
OF u whether by way of commission,
ate 4, count or otherwise, it shall forfeit
, susn entire exemption herein granted,
IN No., be subject to taxation from the TIN
W &C. &C. makes such lean; and any such
= f n,e noration handling Or negotiating
,l;stsd securities other than those herelna
'hs.sdd mentioned shall incur a like forfsl
;. a n,a No such corporation SHAH nave p'
1 ss,am to receive any money on deposit
: sna ~ do a banking business Of any sort
l'H t,' w ali such corporations shall pc u
n ., ME the control and supervision OF the
p!lor amiher of State Banks, whose du
' :! .Is,,n shall be to report to the Ate
S W. General any violation Of the como
30 svaS of this exemption.
uatr ~ Steamship companies organize
ot tara ne hereinafter set forth, together
f teiers their capital stock and all their
,reter: erty, corporeal and tncorroreai'
a ar .ne a. be exempt from all faxes and lS'
q from w State parish, Jovee and nur lcipal.
J. 't III. general and special, exclusive OF "
! +;ans age, shed or levee duas; lof ! 7
.a. si,aiI Years from the date Of filing, Wit
siiai Secretary of State proof that
'a 49, " authorized capital stock has oech
Ill tax. IN !uil III o". .t.s.ushit company