The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1910-09-08

exempting from taxation for fifte' :
years from the date of full cash p,!l
ment of their capital stock domes'
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 h
sissippi Valley, through which sho
and most virile section Of this
public; and
Whereas, the completion of tt"
Panama Canal will give an enorn
stimulus to trade and commerce J
tween the Mississippi Valley
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 81
must be prepared to take immed-
advantage of this new channe! Il
trade. lest the vast field whic::
opens be taken possession of by !;
maritime rivals Of this country; :. i
Whereas. great steamship c.:
panies domiciied in New Orleans :; re
the only and the absolutely necess :: )
means whereby trade and CONNIE :
between the Mississippi Valley -,
the countries bordering on the P''c;e
Ocean may be promoted and c. Il.
served for our own country; and
Whereas, the State proposes to : =
exposition at New Orleans to o -
brate the completion of the Pai 4
Canal. and it is the States dut -
encourage and promote the organ ID: l.
ton of such great steamship Z
panies in aid and in furtheranc2 81
this project.
Section l. Be it enacted by the G. i.
eral Assembly of the State of 10 il
elected to each branch thereof cor Il
ring. that at the congressional ele' ,'tr
to be held in this State on Tuas', y
November Sth. 1910. the follo"-
amendment to the Constitution
be submitted to the electors OF t..(
State, to-wit:
steamship companies organic =
hereinafter set forth. together HI..
their capital stock and all their
erty, corporeal and incOrpOreal. Sd !.
be exempt from all taxes and lie
State, Parish, Levee and Mu!'
both general and special, exclu".
wharfage. shed or levee dues. {
teen years from the date of fili.
the Secretary of State proof thu
authorized capital stock has been
in full in cash.
No such steamship company =:
have the benefit of this constit'-
provision except upon the foil;
First-That such company shall :: -,
been organized and the whole e
authorized capital stock paid in
Wltnln Two years from Januaf! :.
1911.
Second-That such company sh =
domiciled in the CITY of New Or
Or in some other port of this Sta
Third-That such company
have a capital stock of at least
million dollars. payable only in c
Fourth-That it shall be provit +,
the charter of the company Il =.
corporation. or firm. or individual i.
own or control. either directly - jr
fp+ IL
the capital stock Of the companv: ..t
that all pooling agreements and Y 80.
trusts between the stockholders t. : A
troll the corporation shall be absp. =.
null and void and no stock h".i !.
any such pool or voting trust shall rvc
be voted at any corporate electic:. o,
meeting.
Fifth-That the capital stock OF caci
company shall be open to publ" =
scription by public advertisemt II
New Orleans newspapers for Al :
three months before the books +.
closed. and if over-subscribed ST. y b.
! apportioned among the subscribe
Sixth-That all vessels operate i. h
said company shall be common -
riers on every voyage unless the ::
; capacity of the ship shall be char
. for a particular voyage or vo -
for a particular purpose.
It shall be lawful for companica -
organized in addition to the y.
now provided by the laws of the
to incorporate into their charters ri r.
any of the following powers:
First-To build, charter or pur.., =.
vessels.
Second-To insure goods. ware:
merchandise carried in their own "
toms against fire and perils of the
Third-To build. own. rent and
ate shipyards. docks. piers, VIII :;
and warehouses for the transaction -
their business.
| Fourth.-To trade with foreign co..;
%~r;o o1,,Ii ha
| of the United States by expGr;
! cargo carried thereto in their own
| sells. and to import from foreign cor"
tries. including the foreign posses
vessels cargo for sale or exchange !
| the United States. but no ship of sr
T a company shall be laden with t..
company's own cargo to the exclusi.
/ the general public. and such cara;
offered by the general public shall hay
/ preference on all voyages for whicl
i it is offered.
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 herei,
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
| foreign pos ssions of the Unitct
/ States. be within the exemption hereil
| granted. One such voyage in anv v~'
! shall subject the vessel making tn
/ voyage to taxation for that year.
! The proof above required to be file
authorized capital stock has been PAL
in cash shall be the joint affidavit G
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 repai
| vessels"
I Section 2. Be it further enactc'
etc, That on the official ballot to b
used at said election shall be place
the words:
For the amendment exempting dc
nestle steamship companies from Il
| taxation fer Fifteen Years under Gel
tain conditions
and the words:
Against the amendment -exemptin
domestic steamship companies frrl
| all taxation for Fifteen Years undo
certain conditions"
And each clector shall Indicate III
vote on the proposed amendment !;
| provided in the general election law
of this state.
| p. NJ LAMBREMONT
Lieutenant Governor and President
r; the Senate.
H. G. DUPRE,
Speaker of the House Of Represents
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
amendment to the Constitution