St. Landry clarion. (Opelousas, La.) 1890-1921, 1910-09-17
AUI no. ZJas
senate Bin No. 1877.

Senate Bill No. 137.
An ACT
Submitting to the people Of the State Of Lou
isfana. at ths CONVERSATIONAL election to be
held il E~ovshmer, 1910. an amendment TO the
constitution from taxation for
Aftsan years from thb date Of full caeh
steamship companies engaged in foreign
COMMERCE, and Axfng the conditions Of such
exemption.
Whereas. TIE City Of New Orleans is the
aasasst s Which ssS 6 tae p nasa e. Commerce Tasles
Of that greatest and most viriie section
of this republic: and
Where's, thu completion OF the Panama
Canal wfsl give an enormous stimulus to
trade and coupsSs9 betwseh the MisEis-
siDpi Valley ahd Ortant and the west coast
al South America sad Of our own country;
whereas, the people OF the Mississippi
Vaasy add OF she whole South must be
prepared 70 ssss in1zns ss adyaR ne q
field which it opens BE- taken possession OF
By The maritime riya1s of this country;
Whereas. grsat steamship companies
domiciled In New Orleans are the only
asd the absolusefy necessary means
gNensIssg 1Ia4s ana s9aaMeEcs 1870 tne
dering on the Pacsfc Ocean may be pro-
noted and conserved for bur own country;
and
Whereas, the State proposes to tax her
self TO promote q great worlds exposition
Sc New Orleans to celebrate the completion
OF the Pansnaa Canal, and it is she States
duty to encourage and promote the organ
lzation Of such graa& steamship companies
IN aid and in furthsyaace Of this project.
. ssst52R ,; .h Be H i enacted ds b. .sy., The sen ea.al
thirds Of all the. members elected to each
branch thereof concurpings that at the cong
resstonal election to be held in this State on
.araandment TO the Constitution shall be sub
raissed to the electors Of tho State, to.wit
steamship companies organized as here
matter set forth, togethex with their capital
stock and all their property, corporal and
lncpTporeaI. shall be exenaps from all taxes
and licenses. State, PBrish, Leyss and NUM-
wharfage, she'd og IeNee dues, for af1sen
years from The date Of filing with the Score.
capital stock has been paid in full in cash.
No such steamship company shall have the
bensAt Of this constitutional provision exceps
upon She following conditions:
Eirst-Thas such company shall have been
organized and The whola Of lis authorized
capital stock paid IL cash within tive years
from January 4, 1911.
seeond-That suah couapany shall be domi-
ciled in the City Of New Orleans, or IN some
Other port of this gtats.
T~hird-That such company shah have ;
payable only In rash
Eourth-Thas IL hqIl DO provided in chs
or Arm, or individual shall oRn OF controi
siehsR directly or indirectly, more than ons-
~twantaeth of the capital stock Of the com.
Ra1g; and that su pooling agreements and
voting trusts between the stockholders to
tbs corporation shall be Absolutely
null and void and nc stock held I'd any such
pool or voting trust shall eyes be voted al
any corporate e~lection or meeting.
Fffth-That the capital stock Of each com
pany shall be open to public subscription
by public advertisement in New Orleans
for st least three months before
the books are closed, and II over-Eubacribed
shall be appoTtiened among the aubserihsrg.
sixth-Thks ah vessels operated by aa4d
company shall be common carriers on every
voyage unless the whole capacity of the Rhip
shaIl be chartered for a particular voyage,
for 8 particular purpose.
II shall be lawful for companies 30 crganf- |
red in addition TO the powers now provided
BY the 1awR OF the State to incorporate into
fhair charters al or any of the following
Tirat-Tos build, charter or purchase res
sels.
seeOnd-To insure goods. wares and mar