The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1910-11-03

steamship companies engaged in for
eign commerce, and fixing the con-
ditions of such exemption.
Whereas, the City of New Orleans
Is the natural gateway of the Mi+
sissippi Valley. through which shou
pass the commerce of that create
and most virile section OF this r.
Whereas. the completion of the
Panama Canal will give an enorme.
stimulus to trade and commerce BE-.
Orient and the west coast Of sout
America and OF our own country;
and
whereas the people of the Missis-
must be prepared to take immediate
advantage Of this new channel OF
trade. lest the vast field when
opens be taken possession Of by t-l'.
maritime rivals Of this country: and
Whereas, great steamship COM
panies domiciled in New Orleans are
the only and the absolutely necess ="
means whereby trade and commerce
between the Mississippi Valley and
the countries bordering on the Pacific
Ocean may be promoted and con-
served for our own country; and
Whereas, the State proposes to tax
|, exposition at New Orleans to cele-
brate the completion Of the Pa. es1la
Canal, and it is the States duty -
encourage and promote the organ1i-
ton of such great steamship co.,
panies in aid and in furtherance of
this project
Section l.. Be it enacted by the Cen
ana, two-thirds of all the mem be:s
elected to each branch thereof concur
| ring. that at the congressional election
to be held in this State on TUESDAY.
amendment to the Constitution shah
be submitted to the electors of the
State, to-wit:
hereinafter set forth. together with
their capital stock and all their prom
erty, corporal and incorporeal, shall
be exempt from all taxes and licenses.
both general and special, exclusive Of
wharfage, shed or levee dues. for fiji
teen years from the date of filing with
the Secretary of State proof that ther
| authorized capital stock has been paid
! In full in cash.
No such steamship company shall
have the benefit of this constitut ,nsl
provision except upon the follo "ins
First-That such company shall have
been organized and the whole Of its
authorized capital stock paid in cash
within two years from January lst,
1911.
Second-That such company shall be
lomiciled in the City of New Orleaas.
or in some other port of this Sta.e.
have capital stock stock of f at least Gree
million dollars, payable only in cash.
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 CT in
directly. more than one-twenticth OF
the capital stock of the company: and
that all pooling agreements and votin ;
trusts between the stockholders tocan-
troll the corporation shall be absolutely
null and void and no stock he'd in
any 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 advertisement ;: !
three months before the books are
closed, and if over subscribed shall be
apportioned among the subscriber
Sixth-That all vessels operated by
said company shall be common "ar-
riers on every voyage unless the whole
capacity of the ship shall be chartered
for a particular voyage or voyages
for particular purpose. 3.
1t shall be lawful. for companies SO
organized in addition to the pca-"ra
now provided by the laws of the s-ate
TO incorporate into their charters al or
any of the following powers:
| First-To build, charter or purchase
vessels
Second-To insure goods. wares and
merchandise carried in their own bot
toms against fire and perils of the s"-,.
Third--To build, own, rent and OF =
ate shipyards. docks, piers. wh.srges
and warehouses for the transaction OF
their business.
Fourth-To trade with foreign Gown
tries. including the foreign possess.t7s
Of the United States. by expors:n :
cargo carried thereto in their own YES
tries. including the foreign posses
sions of the United States. in their ow-..
vessels cargo for sale or exchange l.
the United States, but no ship of su y
| rH~n hn 1n1o vxySt 30
sompany's own cargo to the exclusie:,
Of cargo offered for such voyage
the general public. and such carr
offered by the general public shall HAY.
1t is offered.
foreign and domestic, to subscribe
and own shares of their capital stock.
not, however. in excess OF the limita
tion above provided.
| No leased property or chartered shir
shall be within the exemption herein
granted. nor shall vessels of such cor
porations operated in the coastins
trade Of the United States, or oper-
ated between ports Of the United
States, other than Louisiana ports
md foreign countries. not including the
foreign possessions of the Unitcf'
Etates, be within the exemption berciF
granted One such voyage In any yen
shall subject the vessel making tn.
voyage to taxation for that year.
Il
with the Secretary OF State that tn.
authorized capital stock has been pale
In cash shall be the joint affidavit O.
the president and secretary of the com
{ pany to that effect. accompanied by I
verified trial balance of the. company
books
). Each Of said corporations shall pos
sess the. power of eminent domain fo
the purpose of acquiring land on whfc|
to erect a plant to- build and repai
Section 2. Be ii further enacted
etc. That on the official ballot to b.
used at said election shah be places
For TIE amendment exempting do
nestle steamship companies from al
taxation for Fifteen Years under GER
tain conditions"
and the words:
Against the amendment exemptin,
domestic steamship companies fron
all taxation for Fifteen Years .unde
certain conditions"
And each elector shall indicate hi
vote on the proposed amendment a
provided in the general election law
of this state.
Lieutenant Governor and President o
e. II. G. DUPRE,
Speaker OF the House of Representa-
: - tives.
!; Approved: July Z. 1910.
]. Y. SANDERS, 80
Governor Of the State of Louisiana
4 true copy:
3 JOHN T. MICHEL
|. JOINT, RESOLUTION ~
d A Joint Resolution proposing Al
amendment to the Constitution Q
8 the State of Louisiana amendin
| ATfi oil Snff t,ctf t,,fi ion f,f