The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1910-09-15

ment Of their capital stock domest'
| steamship companies engaged in fo:-
egn commerce, and fixing the co...
ditions of such exemption.
Whereas. the City of New .orle'
is the natural gateway of the n
| sissippf Valley. through which shou
pass the commerce of that great,
and most virile section of this T,
public; and
Whereas, the completion of the
Panama Canal will give an enormo
stimulus to trade and commerce
tween the Mississippi, Vale.
| Orient and the west coast of Sot'
America and of our own COUNT :
| and
Whereas, the people of the Miss
| sippi Valley and of the whole So =
must be PREPARED to take immedi:: :
advantage of this new channel OF
trade. lest the vast field which,
! "Opens be taken possession of by
| maritime rivals OF this country:
Whereas, great steamship G
| the only and the absolutely neces
means whereby trade and CONNIE .
| between the Mississippi Valley n
| the countries bordering on the P:,cift
| Ocean may be promoted and c<:,-
+ served for our own country; and
Whereas, the State proposes to tl-;
herself to promote a great work
| exposition at New Orleans to &c.
brate the completion of the Pa -
Canal. and it is the States du,
| encourage and promote the Organ...
| ton of such great steamship
panies in aid and in furtherance @:
this project
| Section /. Be it enacted by the Ger
oral Assembly of the State of Lei :
| ana. twO-thirds of all the meIi.,,n:'
| elected to each branch thereof con r.
ring, that at the congressional ele'' ion
| to be held in this State on Tuessi ,y
November Sth. 1910. the follo-.:2: !;
amendment to the Constitution 81 ii
be submitted to the electors OF the
| State, to-wit:
| 'Steamship companies organize as
| hereinafter set forth. together Iit.i
| their capital stock and all their l>r.> =
erty. corporal and incorporeal, shall
be exempt from all taxes and lics.sS,.>
both general and special. exclEs -.
| wharfage, shed or levee dues. f. : ftr-
teen years from the date of filing .:;.l
the Secretary of State proof that - '
authorized capital stock has been oH.4
| in full in cash.
No such steamship company 81 III
have the benefit of this constitH- n j
provision except upon the foll3"in2
| First-That such company shall have
been organized and the whole CT its
| authorized capital stock paid in i
within two years from Januar: LIST
1911.
Second-That such company sh;:.i be
1omiciled in the CITY of New Orls, MS
or in some other port of this Stats
| Third-That such company sla!l
| have a capital stock of at least t1rel
million dollars. payable only in tsn
Fourth-That it shall be provided in
the charter of the company that no
| corporation. or firm, or individual shall
| own or control. either directly cr in
directly. more than one-twentietn of
| the capital stock of the company: and
that all pooling agreements and votin
| trusts between the stockholders to can
. - -,
null and void and no stock held in
anv such pool or voting trust shall ever
be voted at any corporate election or
meeting.
Fifth-That the capital stock of each
company shall be open to public sub
scription by public advertisements
New Orleans newspapers for at leas
three months before the books are
apportioned among the subscribe:
Sixth-That all vessels operated by
said company shall be common ..rr-
| riers on every voyage unless the vale
capacity of the ship shall be char ra
for particular voyage or vo=4 sres
for particular purpose.
! " shall be lawful for companies 50
organized In addition to the r. -
no., provided by the laws of the : -
to Incorporate into their charters ali or
any of the following powers:
| First-To build. charter or purchase
| vessels.
| Second-To insure goods. wares nd
merchandise carried in their own boz
toms against fire and perils of the :.
Third--To build own, rent and So -
ate shipyards. docks. piers, whs-.:es
and warehouses for the transaction o.
| their business.
Fourth TO trade with foreign cour-
tries. including the foreign possessi' IS
of the United States. by exporttn
cargo carried thereto in their own W.
sells. and to import from foreign cart1-
l INCLUDING =
| sions of the United States. in their ov,n
| vessels cargo for sale or exchange j.
| the United States. but no ship of su
I company shall be laden with T.
Of cargo offered for such voyage
the general public. and such car
offered by the general public shall ha'.
preference on all voyages for whic
| 1t is offered.
| Fifth-to authorize corporation
foreign and domestic. to subscribe
and own shares of their capital stoc'
not. however, in excess of the limita
| lion above provided.
| No leased property or chartered shi,
shall be within the exemption hereir
granted. nor shall vessels of such cor
pora tons operated in the coastine
States. other than Louisiana ports
md foreign countries. not including tn.
t'reign possessions of the Unite
|
| I"anted One such voyage in any ye.'
shall subject the vessel making tn.
voyage to taxation for that year.
The proof above required to be filed
with the Secretary of State that TIL.
authorized capital stock has been pa!
m 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.
| looks
Each of said corporations shall pos,
sess the power of eminent domain 70.
the purpose of acquiring land on whic
| vessels"
| section 2. Be it further enacted
| etc.. That on the official ballot to
| ised at said election shall be placet
| che words:
For the amendment exempting do
nestle steamship companies from all
taxation for Fifteen Years under GER
tain conditions"
| and the words:
Against the amendment exemptinc
domestic steamship companies from
al taxation for Fifteen Years unde;
certain conditions
And each elector shall Indicate his
vote on the proposed amendment as
provided in the general election laws
of this state.
P. NJ. LAMBREMONT.
Lieutenant Governor and President OF
the Senate.
H. G. DuPRE,
Speaker of the House OF Representa-.
tives.
Approved: July Z. 1910.
]. Y. SANDERS.
Governor of the State of Louisiana
A true copy:
JOHN T. MICHEL,
Secretary of tSate.
ACT No. BOB.
House Bill No. 36S.
JOINT RESOLUTION
Joint Resolution proposing an
amendment to the Constitution of