The Era-leader. [volume] (Franklinton, La.) 1910-current, 1920-09-16

r. F. WALKER.
Speaker OF the House OF Represents"
tiVes. o,,,,D
HE" III 30, 'f n,!;iant ~ NJ
Lieutenant Governor anu 'e''o'"' Va
the Senate.
Approved: July I, ~:
JNO NJ. IAtiN ~
Governor OF tn" STATE OF Louisiana"
A true copy:
JANE j. BAL
o'cl''"'! VI ''''''
ACT NO. 49,
House Bill 10. 37G-,;v lr Claiborne.
Subs dilute for House Fill No. 100.
IN!.,r I:iiSD,IriOE.
Proposing an am"ndmcn, to Article 2%o
Of the Constitution OF the state OF
Louisiana r"l":iYr to "N"mptlhE GER
tain industries lo""'"" on the navlsa-
ton Caral New or''|nS.
Section !. Be It resolved ny the Gen
cral Assembly OF the stat" OF LOUIS
lana. two thirds of all members elected
to each House concurring, fhat the ioi-
lowing amendments I" me '0lStitu-
ton OF the state or i-o"ts'ah" nc SUI
mitted to the electors o, tht H'"tr Il.
the next CongressIonaI rIr'uon 70 n ",
held on the hrst TUESDAY 1no" ~, ,i n,,
Monday in NoEen"rrr;, ~ III" "'""
said Article rcad Az I iI,.oMn, shou y.
tlar
exempt from laAal,"i any ni.nns ~ w.,
w.: All puniic prI 'pr,ol ~" rsctnries
ligious worship. oi ~ '''i wv .d
ana par spnas ,vrtanant raaS
GROUNDS theleuisG "ppu' ~ 49,
exclusively 40 nt sMch CIV al,
lStern ~ ''' a., st;.Ht,ons oil hmiIdinrs
cnar,.au,e n.od nyrIusivn,v for nun
anu plopel ~ us.u uin,I c'o,,..+ior,
nc monuments ~ t,onI ,,,,r,nsss w.
colt'sea anu ~. nst,.' nf ~, n,,hl;c
real ana persohal 's'a. " any ,i n"nrv
spiei "nu .,,d' ~, !.o,,,crtcd n.i,b
aesT i' Il t,or 'o VI, ho,l., anT ,h;losonh;.
SUN 49,, 80 a:r. 81. arI n, n,iriings and
ca appaiatos' anu ~. r''' n Sash.
s st OF any nT,ii'p"I: " ,ro";dsd
ths property SO A'nin,.u ~ n.y. ',nnr o - -
TOT purposes VI Pn,Sa.. III 20 .i hU, +.
prolt or income. lneIe sllalI a's 500 We
exempt from 'aAatlon 1ou"'n1iu p,np
cry TO the value OF I'VE nun w., ~ Nv ~
lars mere sHail ,e eAellip. aos' 49, 20"
ation Tor perlou oi .e" S,', r,i, ,.v't'
the date OF ITS comp'euoh, S any i ln ron.
structed ana "omplstca sutsequrma ,.,, -
January J. lvp'. anu pi."n 20 'd,,aa' i
| l9oy. ais exemption sha,l ih..uu, ",,u
| Apply 70 a., rlehtS .! way, loauovu'
| sldlhSS' fai:s. anu o.neI SUBJ 81 ~
tuEes upon such l'S'ts y, wy. ioa ta
beds or sldlhEs. anu 10 az uepoIs' s.a
tion.housas. buildings: erections ana
roads and the operation or me same
but Shall not include the oepots' ware
| houses, statlonhouses ana other struc,,
lures and appurtenances nor the lano
upon which they are erected at ter
minal points, and fol, which franchise'
have been granted and obtained
whether same remain the property o.
| the nrtSpDt owner or owners, or bs
transferred or assigned to any cor
poration or corporations person or per-
sons vhomsoever and provided fur,
Their, that this exemption shall no.
apply to double tracks sidlnRs
switches, depots or other Improvement:
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 icon
taxation the legal reserve Of life insur
ance companies oruanlZed under, tn.
laws OF this state; The property Of
real estate belonging to any. militar,
which is used BY the State Nationa
Guard or militia for military purposes
such as arsenals or armorics. while II
used, shall be exempt from taxation
There shall also be exempt from tax
alton, loans made upon the security Q
mortgages granted upon real estat
situated In this State, as we'll as 'h'
mortgages granted to secure said loans
and the notes. bonds or other wr!ttol
instruments evidencinS the said loans
whether in the hands OF the mortgaEee
or his or their tranSfcrccs; and ri
loans made by life insurance c0mpanic
to their policyholders, upon the sol
security OF policies held by the Dor
rover in the company making tn
loans, as well az all notes or othe
written instruments, evidencirg sucl
loansi provided, that In the case o
loans Upon policies Of life insurance
as aforesaid the rate of interes
charged upon such loans does not ex
coed five per cent $50 per annum dis
count.
The capital, surplus and persona
estate OF every corporation orgarizc
after November 23rd, 1872. in this Stat
for the sole purpose OF lending
J money on mortgages OIL countr
property situated In Louisiana at
!, rate Of interest not to exceed six pc
cent (6F5) net to the borrower. wit
| power to negotiate and handle bond
and securities issued by the variou
parishes and local districts a..d mU
, inequalities of the State Of Louisian
shall be exempt from taxation TO
twenty i2Ol years from the date Q
: the organization of said companies
provided, that said companies sha
. have full-paid cash capital stock o
, not less than $4,000; and, provide
further. that in case any such corpor
. alton shall on any loan charge tho Dor