The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1910-09-01

exempting from taxation for fiftee-
years from the date of full cash pr
ment of their capital stock domess
steamship companies engaged in f.
eign commerce, and fixing the c"
ditions of such exemption.
Whereas, the City of New Orle''
is the natural gateway of the n
sissippi Valley, through which She
pass the commerce Of that gre%'
and most Virile section of this
public; and
whereas, the completion of thn
Panama Canal will give an enorr.
stimulus to trade and commerce
Orient and the west coast of So
America and of our own count =
and
whereas. the people of the Mis-
sippi Valley and of the whole So
must be prepared to take immed.'
advantage Of this new channel a:
trade. lest the vast field which
opens be taken possession of by
maritime rivals of this country; i
Whereas, great steamship C
panies domiciled in New Orleans It
the only and the absolutely necess T.
means whereby trade and CONNIE. =
between the Mississippi Valley ;'.t
the countries bordering on the Pacific
Ocean may be promoted and CHI
served for our own country; and
Whereas, the State proposes to =:
herself to promote a great WORT :.
brate the completion of the Par -:
Canal. and it is the States dus" -
encourage and promote the organ.zt !
ton Of such great steamship
panies in aid and in furtherance ot
this project.
Section /. Be it enacted by the Gen
eral Assembly of the State of Lo:;i;'i-
ana, two-thirds of all the mei:, > eEs
elected to each branch thereof con,'
a q c0nOreSSjOn9I <.
to be held in this State on TueE&
November 9Th. 1910, the follc
amendment to the. Constitution
be submitted to the electors OF l..
State, to-wit:
steamship companies organize
hereinafter set forth. together ~
their capital stock and all their y"
erty, corporal and incorporeal. sl,a
be exempt from all taxes and lie
State, Parish, Levee and Mum
both general and special, exclus
wharfage. shed or levee dues. :
teen years from the date of film
the Secretary of State proof thai
authorized capital stock has beer
in full in cash.
No such steamship company I'll
have the benefit of this constitu
First-That such company shall W.
been organized and the whole g.
authorized capital stock paid in
1911.
Second-That such company shall )
domiciled in the CITY of New Or
or in some other port of this STATE
Third-That such company sfI'
have Il capital stock of at least III
million dollars. payable only in c'>rl.
Fourth-That it shall be provit' j :.
the charter of the company TIT r.
own or control, either directly CT IN
directly. more than one-twenteth
the capital stock of the companT: ;:,,
/; that all pooling agreements and v;ti:.
| troll the corporation shall be absnltse!.
| null and void and no stock h"'! il
| any such pool or voting trust shall cvel
| be voted at any corporate election OIL
| meeting.
Fifth-That the capital stock OF caat
! company shall be open to public So,
scription by public advertisenios- il
New Orleans newspapers for at q
three months before the books ,rs
closed. and if over-subscribed sh"ii BIT
| apportiOned among the subscribe.
| Sixth-That all vessels operatc! h.
! said company shall be common . :
riers on every voyage unless the WI j
! capacity of the ship shall be char -,
for a particular voyage or vcE--: -
! for particular purpose.
/ It shall be lawful for compan;cs ST
organized in addition to the ~ r .
now provided by the laws of the 8 (
to incorporate into their charters ~! :,
! any of the following powers:
First-To build, charter or purc.las;
vessels.
Second-To insure goods. wares =
merchandise carried in their own p
toms against fire and perils of tho
Third-To build. own, rent and ~ !.
ate shipyards. docks: piers. VIII
and warehouses for the transaction u
their business.
/: Fourth.-To trade with foreign co.,,
tries. including the foreign possess
! of the United States. by export'n
cargo carried thereto e in their seir, own ".
tries. including the foreign posses
sions of the United States. in their Owl
vessels cargo for sale or exchange i:
the United States. but no ship of SUE!
comnany's own cargo to the exclusion
Of cargo offered for such voyage b
the general public. and such carg
offered by the general public shall hav
it is offered.
Fifth-to authorize corporations
foreign and domestic. to subscribe t
and own shares of their capital stock
not. however, in excess of the limita
ton above provided.
No leased property or chartered shi1
shall be within the exemption hereil
granted. nor shall vessels Of such cor
trade OF the United States. or oper
ated between ports of the Unite'
States. other than Louisiana ports
and foreign countries, not including tn
! States. be within the exemption hereil
granted. One such voyage in anv We"
shall subject the vessel making tn
voyage to taxation for that year.
The proof above required to be file
with the Secretary of State that tn
in cash shall be the joint affidavit {
the president and secretary of the com
pany to that effect. accompanied by
verified trial balance of the company
books.
Each of said corporations shall pos
sess the power of eminent domain fC
the purpose of acquiring land on whic
to erect plant to build and repa
vessels"
Section 2. Be it further enacte
etc. That on the official ballot to h
used at said election shall be place
the words:
For the amendment exempting d.
nestle steamship companies from a
taxation for Fifteen Years under Gel
tain conditions"
and the words:
Against the amendment exemptin
domestic steamship companies FREE
all taxation for Fifteen Years und.
certain conditions"
And each elector shall indicate h
vote on the proposed amendment !:
provided in the general election Law
p. NJ LAMBREMONT,
Lieutenant Governor and President
the Senate
!. H. G. DUPRE
Speaker of the House Of Represent;
tiveS.
Approved: July Z, 1910.
J. Y. SANDERS,
Governor of the State of Louisian
, A true copy:
JOHN T. MICHEL,
Secretary of tSate.
ACT No. 3O3.
; House Bill No. 36S.
JOINT RESOLUTION
A Joint Resolution proposing q