The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1920-10-23

Indicate. as provided in the general
election laws of the State. whether or
not he votes for or against the amend
| ment
r. F. WALKER,
Speaker Of the House of Representa-
HEWITT BoUANCHAUD.
Lieutenant Governor and President OF
the Senate.
Approved: July Z. 1920.
JNO. NJ PARKER,
Governor of the State of Louisiana.
JAMES J. BAILEY,
Secretary of State.
ACT NO. 153
House Bill No. 376-By Mr.. Claiborne.
Substitute for House Bill No. 1919.
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 /. Be Il 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 Constttu-
ton OF the State of Louisiana be 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 2So. The following shall be
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
listers In charge of such churches, all
charitable institutions, all buildings
and property used exclusively for pub
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
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
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 period of ten years from
| the date of Its completion. any railroad
or part of railroad that shall be con-
etructed and completed subsequently to
January !. 1905. and prior to January l,
1903. 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
tion-houses. buildings, erections and
| structures appurtenant to such rail-
roads and the operation of the same;
but shall not include the depots. ware
houses. stationhouees 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-
sSar tho1 9ss ard provided fur
| apply to double/ tracks. sidings,
switches. depots or other improvements
| or betterments, which may be con-
str%sted by railroads now in operation
or new lines constructed by such rail-
roads. There shall be exempt from
taxation the legal reserve of life insur-
laws Of this State: The property Or
organization of the State Of Louisiana
which is used by the State National
such as arsenals or armories. while. SO
used. shall be exempt from taxation
There shall also be exempt from tax
alton. loans made upon the security OF
situsted 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
or his or their transferees; and al
loans made by life insurance companiel
4sxsa Il is sss Iae 81:
iosns. AZ we'll az All notes H or ott sns
| written Instruments. evidenciqg such
loans; provided, that in the ease OF
loans upon policies OF life INSURANCE.
charged upon such loans does not ex-
coed Ave per cent (6%) per annum sis-
count. :.
The capital. surplus and persons
after November ssrd. 1919. in this Stat
for the sole purpose of lending
money on mortgages on countr!
property. situated in Louisiana at
cent (6%) net to the borrower W.T.
power to negotiate and handle b3on'
and securities issued by the vaT,o,
Ps,ns and O. 9 9Ss s ssge 81
shall be exempt from taxati9&n Il
twenty (2o) years from the ate
the organization Of said conf panic
Rsvs iuli I1at a Cash sapitaI
not less than $4,000: and. rerovid'
further, that in case any such EorPo
alton shall on any loan charge TIE DO
r TSeshs mo By ' Way Of p commissio d
count or Otherwise. 1t shall forf1eit Il
entire exemption herein granteTd, ar
be subject to taxation from the time ns
poration handling or negotiatinfss an
securities other than those hereiriiaboN
mentioned shall incur a like FORE. itur
| No such corporation shall have ,powt
to receive any money on deposit s,or.
do a banking business Of any sort, b'
all such corporations shall be xund'
the control and supervision OF the e,
aminer OF State Banks. whose dqity
] shall be to report to the Att5orne
General any violation of the coneTitio
of this exemption.
Il Steamship companies organized g
hereinafter set forth. together fwit
their capital stock and all their lproI
erty, corporal and incorporeal. isha
be exempt from all taxes and Ic7nse
state, parish, Ievee and muir icipal. Mot
general and special, exclusive OF wAar
] age, shed or levee dues, for fiHtee
years from the date Of fling witht tn
I secretary Of State proof that the
, authorised capital stock has been pal
. IN full In cash.
No such steamship company sha
} have the benefit of this Constitution;
provision except upon the followtn
; conditions:
First-That such company shall ha,
been organized and the whole OF 4
: authorized capital stock, paid In cas-
r before January 1st 1915.
Second-That such company shall L
! domiciled in the City of New Orlean
1 or in some other port of this State.r