St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1920-09-04
ACT NO. 1853,

ACT NO. 1853.
House Bill No. 376.
By Mr.. Claiborne
Substitute for House Bill No. 1873.
JOINT RESOLUTION.
Proposing an amendment to Article
230 of the Constitution of the
Stale of Louisiana relative to ex-
empting certain industries locat-
ed On the Navigation Canal, New
Orleans.
Section /. Be it resolved by the
General 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 State of Lou
isiana be submitted to the electors
of the State at the next Congressioa-
al 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 CT religious worship, or buri-
al, the rectories and parsonages of
churches and grounds thereunto APP
purtenant, used exclusively as resi-
dences for the ministers in charge
of such churches, all charitable In
situations, all buildings and proper
ty used exclusively for public monl-
ments or historical collections, col
leges and other school purposes, the
real AID personal estate Of any pub
| lie library, and that of any other
| library association used by or con-
nected with such library, all BOOKS
and philosophical apparatus, and oil
paintings and statuary Of any con-
pany or association, kept in pub
lie hall; provided, the property 50
EXEMPT ted be not leased for purposes
of private or corporate profit or in
| come. There shall also be exempt
from taxation household property 10
the value of five hundred dollars.
There shall be exempt from taxation
for period of ten years from the
date Of its completion, any railroad
or part of railroad that shall be col
structed and completed subsequent
| ly to January /, 1905, and prior to
January /, 1909. This exemption
shall include and apply to all rights
of way, roadbeds, sidings, rails, and
other superstructures upon such
rights Of way, roadbeds or sidings;
and to all depots, station-houses,
buildings, erections and structures
appurtenant to such railroads aud
the operation of the same; but shall
not include the depots, warehouses,
station houses and other structures
and appurteEances nor the land up
on which they are erected at termt-
nal 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
corpo1 alton or corporations, person
or persons Whomsoever, and, pro-
vided further, that this exemption
shall rot apply to double tracks, sid
ings, witches, depots or other I'M
provements or betterments, which
may he constructed by railroads now
in operation within the State, other
than extensions or new lines coa-
structed by SUCH railroads.. fheTo
shall be exempt from taxation the
legal reserve Of life insurance COM
} pantes organized under the laws OF
this State. The property or real es-
tate Belonging to any military Or
ganization of the State Of Louisiana
which is used by the State National
t Guard or Militia for military puT-
poses, such as arsenals or armorie3,
: while so used, shall be exempt from
taxation. There shall also be ex-
> empt, from taxation, loans made u2-
: on security Of mortgages granted 10
on real estate situated in this State,
/ as we'll as the mortgages granted TO
l secure said loans, and the notes
: bonds, or other written instruments
I evidencing the said loans, whether
: in the hands Of the mortgage, or hi:
r Continued on page 81