St. Landry clarion. (Opelousas, La.) 1890-1921, 1910-10-15
ACT No. are.
Senate Bill No. 137.
nr1

senate Bill No. l3T.
An ACT
Submitting to the people Of the State Of Lou
istana, at the congressional election to be
held ID Eovebmer, 1910, an amendment to the
constitution exempting from taxation for
Afteen years from the date of full cash
steamship companies engaged in foreign
commerce, and fixing the conditions Of such
exemption.
Whereas, the City Of Nov Orleans is the
through which sdouid pass the commerce
Of that greatess o most Yirils section
of this republic; and
Whereas, the completion Of the Panama
Canal Will give sn enormous stimulus to
Trade and commerce between the Missis-
sippi Valley sid Orient and the west coast
Of South America and Of our own country;
Where's the people Of the Mississippi
prepared to take immediate advantage of
Geld which it opens be taken possession of
by, the maritime rivals of this country;
Whereas. great steamship companies
domieiled in New Orleans are the only
and the absolutely necessary means
Whereby trade and commerce between the
d6ring on the PaeI5o Ocean may be pro-
NOTED and conserved for our own country;
Whereas, the State proposes to tax her
y w RApAASbI - bAA3N HS4AA =
st New Orleans TO celebrate the completion
Of the Panama Canal and it is the States
duty to encourage and promote the organ.
ization Of such great steamship companies
in aid and in furtherance of this project.
Section 1. Be y enacted by the General
Assembly OF the State OF Louisiana, two
thirds Of all the members elected to each
branch thereof concurFing, that at the cong
reBSional election to be held in this State on
Tuesday, November 8, 1910, the following
amendments TO the Constitution shall be sub
faiEfAd tn the nlactara Of fha SEntA f0.uits
steamship companies organized as here
set forth, together with their capital
stock md all their property. corporal and
and licenses, State, Parish, Leyes and MUM.
cipal, both general and special, exclusive OF
wharfage, she'd or leyee dues. for fifteen
tasy of State proof that their authorized
capital stock has been paid in full in cash.
No such steamship company shall hsye the
of this constitutional provision except
upon the following conditions:
First-That sueh company shall have been
organized and tho whole Of ihs authorized
capital stock paid IN cash within tive years
Seeond-That Eueh eompepy shall be domi-
eiled in the City Of New Orleans, OK in some
other port OF this State.
Ihird-That such company Ehall have .
stock Of as least three million dollars,
only in cash.
FouYth-That it sasll be provided In the
chaEter Of the company that no corporation,
OF arm, or individual shall OWE or aontrol
directly or Indirectly. more than one-
Of the capital stock Of the com.
pany; and that Oh pooling sgreernepts and
voting trusts between tbs stockholders to
the corporation shall be absolutely
nall and void and no stock held in any such
pool or voting trust shall ever be voted as
corporate election OK meeting.
Fifth-That the capital stack OF each COM
shall be open to public subscription
by public advertisement in New Orleans
newspapers for at least three month"; before
he books are closed, and if ever-subscribed
be appcTtioned among the subacEibs9g.
StKth-That all vessels operated by said
shall be. common carriers on every
unless the whole capacity Of the ship
shall be chartered for q particular voyage,
FOR u particular purpose.
1t shall be lawful for companies so organi.
led in addition to the powers now provided
Sy the laws of the State 10 incorporate into
charters all or any of the following
powers:
First-To build. charter or purchase yes.
Sseond-To insure goods. wares and maF.