Nd such corporation shall have power
to receive any money on deposit or to
do a banking business of any sort, but
all such corporations shall be under
the control and supervision of the State
Bank Examiner. whose duty it shall be
*to report to the Attorney General and
the State Tax Commission any viola
tion of the condition of this exemption.
Section 2. Be it further resolved, etc.,
That there shall be printed in the
ballots to be used at said election the
words "For the amendment to the Con
stitution exempting rrom taxation for
twenty (20) years corporations organiz
ed for the sole purpose of lending money
en country real estate situated in Lou
isiana at not more than six (6) per
cent to 'the borrower, with power to ne
gotiate and handle local securities." anc
the words "Against the amendment tc
the Constitution exempting from taxa
tion for twenty (20) years corporations
orgdiized for the sole purpose of lend
ing money on country real estate situat
ed in Louisiana at not more than si
(6) per cent net to the borrower. witl
power to negotiate and handle loca
securities," and each elector shall in
dicate on his ballot, as provided by th,
general election laws of the State
whether he votes for or against the sail
amendment.
THOMAS C. BARRET,
Lieutenant' Governor and President o
the Senate.
the Senate. L. E. THOMAS.
Speaker of the House of Representativei
Approved: August 24th, 1912.
L. E. HALL.
Governor of the State of Louisiana
A true copy
ALVIN E. HEBERT,
Secretary of State.
ACT NO. T.
