St. Landry clarion. (Opelousas, La.) 1890-1921, 1910-09-10
AoE No. 27s.
ssnate Bill No. 1877.
AN ACT

Senate Bill No. 1s7.
An ACT
Submitting to the peopIo Of the Stats Of Lou
istana, eB the congressional election to be
a ssI. e ESTesmsE, 12Ao, &c s. snepaa zs2s1 e re sas
Agtsea years fRom tie dsse of full cash
paynsnf Of their capital stock domestic
aaesnashiD companies easaEsd in forssgn
exanaption.
Whereas, the city ot New Orleans is the
natural gateway Of the Mississippi Valley
thToagh which shsEla panB ths commerce
oe chs republic; e&d
Whsrsae, The completion Of the Panama
CANAL wa gfve N eRexsoous gaimulns TO
aappi Valley and 0Ei$nt and the west coast
of South AnaaEioa and OF our own country;
v. I!S9sFs "a s q sH gsoP asai 8 s sss ai must g
this new channel q @a3e, lest tie vast
81 "a n'' ass Il sR'l Fiv : 's Il shRRs 9's cosasrS =. .
Waeraas, grsst steamship companies
sd ssd's't Re 7 sbsosstag l asses sd 'A' ms saas
whereby trade sad commerce between the
Mississippi Valley and the countries Dor
dsEing on the Paeeac Ocean may be pro
motsd and conserved for our own country /;
and
Whereas, the stats proposes to tax her
self 70 pScmcte . great worlds exposition
ae New Orleans to celebrate the completion
OF the Panama Canal, and it is tie States
dUty to encourage and promote the organ
ization OF such great steamship companies
Section i. Be ls enacted by che General
Asasmbiy of ta State of Louisiana, two
fMrda o9 al tie members elected to each
gs6sion&l election 10 be heA in this State on
Tuesday. November 8, 1910, the following
araSndment TO che ccnEtitution shall Be aub.
mitse0 to the electors OF the State. to.wit:
sssteamship companies organized IS here
matter set forth, together with their capital
RaQek and all their property, corporsal and
inepTPoEeal shail be exempt from al taxes
cspai, both general sad special. exclusive Of
wharfage, shed OF levee dues. for fifteen
years from The data Of nltng with the secre.
capital Stock has been paid in full In cash.
No such stearaship company shall have the
benefit OF this constitRsioAal provision except
upon She following conditions:
Rirgt-Thas Eue6 company shah hare been
organized and the whole o4 rs Authorized
eapitsl stock paid In esah Wltkin two years
Eesond-That snah eoupAny shall be doni-
ssIed in the City o2 New Orleans, or in some
oshsR port Of tails Stase.
TAfT6-That such company shall have q
capital stock Of st least three million dollars,
Foassh-That il shall ba provided In the
g Ses9ss g. Of i s1 iSd 9sE gssI .s ssIs own " s9 9 so5ssoi
etsheR directly or sndlreeslY, more than oae-
isw6nsgeth Of the capital stock o9 the eoaa-
nsaEs and shat III pooling sgreauants and
voting trusts between tho stockholders to-
ie6atreI 4hs eszpoF8tton shsIt be aba0ia5ely
nall and void aad no stock held ia any gueh
pool Or voting t1sgt shall ever be voted as
9hg corpogAfs election or meeting
9fth-Thst sAe espital stock Of each eem-
pany shah be 0pen 70 public sabseripaen
By public advertisement in New Orleans
for dc least three uaoaths before
the books sra eioEad, and il oyeK-E0bBerfhea
shall be apgSRtiqned BaonR the BubneFsbena.
sixth-Thst su vessels operated by sid
shall be eoSanan carriers on every
veyaEa unless sac whole capacity of the ahsp
shall be- eheEkeTed foK . pertieuIAr yoya4e,
feg 8 particular purpose.
% shall pc lsw91 Tor companies - oEgRni
res Ii addition to she powers now provided
their cAsrtsrs ~ o. any Of she following
pograPs:
Msat-Te build. shartsr or purchase yes.
ses.
8eeand-To insa4e gooaa, wares ana maR-