The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1910-10-27

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 Mis-
sissippf Valley, through which Shout
pass the commerce of that creates.
and most -virile section of this re-
public; and
Whereas, the completion of the
Panama Canal will give an enormous
stimulus to trade and commerce be-
tween the Mississippi Valley ar
Orient and the west coast of Sout
America and of our own country;
and
whereas, the people Of the Missis-
sippi Valley and of the whole Sot-t.
must be prepared to take immediate
advantage of this new channel OF
trade, lest the vast field which i.
opens be taken possession of by tx.
maritime rivals of this country; and
Whereas. great steamship e ship com ne
the only and the absolutely necessary
means whereby trade and commerce
between the Mississippi Valley ana
the countries bordering on the Pacific
Ocean may be promoted and con-
served for our own country; and
Whereas, the State proposes to tax
herself to promote a great world s
exposition at New Orleans to cele-
brate the completion Of the Panama
Canal, and it is the States duty 70
encourage and promote the organiza-
ton of such great steamship con-
panies in aid and in furtherance CT
this project.
Section i. Be it enacted by the Cen
oral Assembly of the State OF LOUISE
ana, two-thirds of all the members
elected to each branch thereof concur
ring, that at the congressional election
to be held in this State on Tuesday.
November Sth. 1910. the following
amendment to the Constitution shall
be submitted to the electors Of the
State, tO-wit:
steamship companies organized as
their capital stock and all their prom
erty, corporal and incorporeal, shall
be exempt from all taxes and licenses,
State, Parish, Levee and Municipal
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 tIe.I
authorized capital stock has been paid
in full in cash.
| No such steamship company shall
have the benefit of this constitus On Il
provision except upon the folio WING
conditions:
| been organized and the whole CT its
authorized capital stock paid in cash
| within two years from January LIST
1911.
iomiciled in the City of New Orleans
or in some other port of this State.
Third-That such company shall
have capital stock of at least three
million dollars. payable only in cash.
Fourth-That it shall be provided II
the charter of the company that nj
corporation. or firm, or individual shall
own or control, either directly CT in
directly. more than one-twentieth o.
| the capital stock of the company; an,
that all pooling agreements and votin
| trusts between the stockholders to can
troll the corporation shall be absolutel,
null and void and no stock held il
any such pool or voting trust shall eve
| be voted at any corporate election O.
meeting.
Fifth-That the capital stock of cac!
company shall be open to public sub
scription by public advertisement
three months before the books ar
closed, and if over-subscribed shall b
apportioned among the subscribers
| Sixth-That all vessels operated b,
said company shall be common car
riers on every voyage unless the Who'll
capacity of the ship shall be chartere
for a particular voyage or voyage
for Il particula, purpose.
organized in addition to the pc-ver
now provided by the laws OF the s :
to incorporate into their charters all o
any of the following powers:
First-To build, charter or purcaas
vessels.
second-To insure goods. wares az
merchandise carried in their own Boz
toms against fire and perils of the 60
ate shipyards. docks. piers, wharrt
and warehouses for the transaction @
their business.
Fourth-To trade with foreign coan
tries, including. the foreign possession
cargo carried thereto in their own YES
sells, and to import from foreign coun
tries. including the foreign posses
sions of the United States. in their ow
the United States, but no ship of SUI
Z company shall be. laden with II
sompany's own cargo to the. exclusi.
Of cargo offered for such voyage b
the general public. and such car,
preference on all voyages for whic
It is offered.
Fffth-to authorize corporation
foreign and domestic. to subscribe
not. however, in excess of the limita
ton above provided.
No leased property or chartered sn,
shall be within the exemption herei
porations operated in the coastin
trade Of the United States, or ope,
hted between ports of the Unite
States. other than Louisiana port
land foreign countries. not including TT
foreign possessions of the Unite
states, be within the exemption berei
tranted One such voyage in any ye"
shall subject the vessel making IL
voyage to taxation for that year.
The proof above required to be fill,
with the Secretary of State that Il
| authorized capital stock has been pa
, in cash shall be the joint affidavit
: the president and secretary of the cor
pany to that effect. accompanied by
verified trial balance of the company
books.
Each of said corporations shall pc
sess the power of eminent domain I
the purpose of acquiring land on viii
, vessels"
Section 2. Be it further enacte
ETC., That on the official ballot to
, used at said election shall be plac
! For the amendment exempting
: : nestle steamship companies from ;
: taxation for Fifteen Years under ce
2 tain conditions"
and the words:
Against the amendment exemptil
domestic steamship companies fre
. all taxation for Fifteen Years und
: certain conditions"
!, And each elector shall indicate
II vote on the proposed amendment
:. provided in the general election la
i r.. M LAMBREMONT,
, Lieutenant Governor and President
e H. 6. DUPRE,
y Speaker Of the House Of Represent
u tiveS.
{; Approved: July Z, 1910.
q ]. Y. SANDERS,
% Governor of the State of LouisiaI
'. JOHN HSp +: MICHEL,
y Secretary of tSate.
II
q. ACT No. 303.
j. House Bill No. 36S
- JOINT RESOLUTION
ID A Joint Resolution proposing
y amendment to the Constitution
Is the State of Louisiana amendi
d. Article 46 of the Constitution of Is
" so as to authorize the Board
IS Liquidation to issue new bonds
l. retire or refund the State bonded