Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1910-09-23
ACT No. 27S.

l..
Secretary Of State.
ACT No. 27s.
Senate Bill No. 1877
AN ACT
Submitting to the people Of the State Of Leu
isiana, at the congressional election to be
held in Novebmer. 1910. an amendment to the
constitution exempting from taxation for
fifteen years from the date of full cash
payment Of their capital stock domestic
steamship companies engaged in foreign
commerce. and fxing the conditions Of such
Whereas, the City Of New Orleans Is the
natural gateway Of the Mississippi Valley
through which should pass the commerce
Of that greatest and most virils section
Whereas. the completion Of the Pansms
Canal will give an enormous stimulus Z
trade and commerce between the Missis
VALLEY and Orient dS +, and the west SS.:
and
Whereas the people Of the Mississippi
Valley and Of the whole South must BE-
prepared to take Immediate advantage oil
this new channel of trade. lest the vast
field which Ii opens be taken posseGon OF
by the maritime rivals Of this country
Whereas. great steamship companies
domiciled IN New Orleans srs the only
and the absolutely necessary means
whereby trade and commerce between the
dsring on the Pacific Ocssn may be pro
NOTED and conserved for our own country
Whereas. the State proposes to tai her.
self to promote . great worlds exposition
ct New Orleans to celebrate the completion
Of the Panama Canal, and il is the State 4
duty to encourage and promote the organ
in aid and in furtherancs of this project
Assembly Of the State Of Louisisns. two.
thirds Of oil the members elected to each
ressional election to be held in this State On
Tuesday. November Q, 1910, the following
amendment to the Constitution shall be sub
steamship companies organized as here:
matter set forth, together with their capital
stock and all their property, corporal and
shall be exempt from all taxes
cipal, both general and special, exclusive Of
wharfage, shed or levee dues, for fifteen
years from the date of fling with the sscre:
Of that their n
No such steamship company shall have the
bsnsat Of this constitutional provision except
upon the following conditions:
organized arg the whole Of its authorized
capital stock paid in cash within two years
from January /, 1911.
Second-That such company shall be domi.
other port Of this State.
Third-That such company shall have q
capital stock Of at least three million dollars.
Fourth-That It shall be provided in the
charter Of the company that no corporation,
or hrm, or individual shall own or control
either directly or indirectly. more than one:
pany; and that ell pooling agreements and
voting trusts between the stockholders to
control the corporation shall be absolutely
null and void and no stock held in any suca
NfthEThst the capital stock 81 each con.
psny shall be open to public subscription
newspapers for ct least three months before
the books are closed, and IL ver-subscribed
shall be apportioned among the subscribers.
sixth-1hat all vessels operated By said
voyage unless the whole capacity of the ship
shall be chartered for . particular voyage,
for q particular purpose.
.ed in addition to the powers now provided
by the laws Of the State to incorporate into
their charters oil or any Of the following
powers:
FIrst-To build. charter or purchase YES.
sscond-To insure goods. wares and msr.
ehandise carried in their own bottoms sgsinss
ThirdPpTo build t OWL w. rem. and op.r.t.
houses for the transaction of their business.
Fourth-To trade with foreign countries,
United States, by exporting cargo carried
thereto in their own vessels, and to import
from foreign countries including the foreign
possessions OF the United States. In their
the United States, but no ship Of such q
company shall be laden with the company 8
own cargo to the exclusion Of cargo offered
'' cargo yo'o ss pubic
shall have preference on all voyages for
which It is offered.
Fifth-To authorize corporations, foreiga
Of their capital sock. not however in excess
Of the limitation above provided
No leased property or chartered ship, shall
shall vessels Of such corporations operated ted
in the cossting trade Of the United States,
or operated between port: Of the United
States, other than Louisiana ports, snd
possessions Of the United States. b. wishln
voyage in any year shah subject the vessel
making the voyage to t.r.ti0o for that year.
ths Secretary, of State that the authorised
capital stock has been paid In cash shall be
the joint affidavit of the president and sec
the :sS s 1. h' s.snss q S.
Zach Each Of said corporation. shall possess
tho lower Of eminent domain for the purpose
to build and repair vessels.
49, Section 2. Be it further enacted, etc,
That on the oficial ballot to be used 81 said
election shall be placed the words:
For the amendment exempting domestic
steamship companies from all taxation for
Fifteen Year. under certain conditions"
and the words:
Against the amendment exsmpting do.
nestle steamship companies from all tara.
ton for Fifteen Years under certain condi-
TONS"
And each elector shall indicate his vote
on the proposed amendment as provided in
the general election laws of this State.
p. NJ. LAHBREMONT,
Lieutenant Governor and President Of the
Senate.
H. @. DUPRE,
Speaker Of the House Of Represented
Approved: July Z. 1910.
]. Y. SANDERS,
Governor of the State Of Louisiana.
4 true cory:
JOHN T. MICHEL
Secretary Of State.
ACT No. sos