St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1910-10-08
ACT No. 27s.

true copy:
Secretary of State.
ACT No. 27s.
Senate Bill No. 1877.
AN ACT
Submitting to the people of the State Of Lou
isiana, at the congressional election to be
held in Novebmer, 1910, an amendment to the
constitution exempting from taxation. for
fifteen years from the date of full cash
payment of their capital stock domestic
steamship companies engaged in foreign
commerce, and fixing the conditions of such
exemption.
Whereas, the City Of New Orleans is the
through Which Which should pass the Commerce
of that greatest and most yirile section
of this republic; and
Whereas, the completion of the Panama
Canal will give enormous stimulus to
trade and commerce between the Missis-
sippi Valley and Orient and the west coast
Of of South America and Of our own country;
Whereas, the people of the Mississippi
Valley and Of the whole South must be
prepared to take immediate advantage of
this channel of trade, lest the vast
field which it opens be taken possession of
by the maritime rivals of this country;
Whereas, great steamship companies
domiciled in New Orleans are the only
and the absolutely necessary means
trade and 1a
dering on the Pacific Ocean may be pro-
NOTED and conserved for our own country;
and
Whereas, the State proposes to tax her.
self to promote q great worlds exposition
at New Orleans to celebrate the completion
! OF the Panama Canal, and it is the State, 5
ization of such great steamship companies
in aid and in furtherance of this project.
AsseGb9 IL h Be s se"s a by hs
thirds Of all the members elected to each
! branch thereof consurring, that at the cong
Iessienal election to be held in this State on
| amendment to the Constitution shall be sub
mitted to the electors Of the State, ,to-wit:
Steamship companies organized as here,
matter set forth, together with their capital
stock and all their property, corporeal and
incorporeal, shall be exempt from all taxes
and licenses, State, Parish, Leyee and NUM-:
wharfage, shed OF levee dues, for fifteen
years from the date of filing with the Score,
tary, Of State proof that their authorized
capital stock has been paid in full in cash.
No such steamship company shall have the
benefit of this constitutional provision except
upon the following conditions:
Frst-That such company shall have been
organized and the whole Of its authorized
capital stock paid in cash within two years
from January 1, 1911.
ciled in the City Of New Orleans, or in some
other port Of this State.
Third-That such company shall have Q
rth-That it shall be provided in the
charter of the company that no corporation,
or firm, or individual shall own or control
either directly or indirectly, more than one
twentieth of the capital stock of the com:
pany; and that all pooling agreements and
control the corporation shall be absolutely
null and void and no stock held in any such
pool voting trust shall ever be voted at
Fifth-That the capital stock 81 each com.
pany shall be open to public subscription
by public advertisement in New. Orleans
the books are closed, and if over subscribed
shall be apportioned among the subscribers:
sixth-That all vessels operated by said
voyage unless the whole capacity of the ship
shall be chartered for particular voyage,
for particular purpose.
1t shall be lawful for companies so organi-
zed in addition to the powers now provided
by the laws of the State to incorporate into
| their charters all or any Of the following
FIrst-To build, charter or purchase yes
sells.
second-To insure goods, wares and mer.
chandise carried in their own bottoms against
fire and perils of the sea.
Third-To build own. rent and operate
shipyards, docks, piers, wharves and ware
houses for the transaction of their business.
Fourth-To trade with foreign countries,
including the foreign possessions of the
United States, by exporting cargo carried
from foreign countries, including the. foreign
possessions of the United States, in their
own vessels cargo for sale OF. exchange in
Shall be be
own cargo to the exclusion of cargo offered
for such voyage by the general public and
such cargo offered by the general public
Fifth--To authorize corporations, foreign
and domestic, to subscribe to and own shares
Of fbpir al in
of the limitation above provided.
No leased property. or chartered ship, shall
be within the exemption herein granted. nor
in the coasting trade Of the United States,
or operated between ports of the United
States Other than nj ieaisisna ports and
possessions of the United States, be within
the exemption herein granted One such
voyage in any year shall subject the vessel
making the voyage to taxation for that year.
The proof above required to be filed with
the Secretary OF State that the authorized
capital stock has been paid in cash shall be
rotary, Of the company to that effect, accom-.
panied by a verified trial balance Of the
companys books.
Each of said. corporations shall possess
the power of eminent domain for the purpose
of acquiring land on which to erect plant
to build and repair vessels;
That on the official ballot to be used at said
election shall be placed the words:
For the amendment exempting domestic
steamship companies from ali taxation for
Fifteen Years under certain conditions
and the words:
Against the amendment exempting do
nestle steamship companies from all taxa
ton for Fifteen Years under certain condi-
TONS
And each elector shall indicate his vote
on the proposed amendment as provided in
the general election laws of this State.
P. M. LAMBREMONT
Lieutenant Governor and President of the
Senate.
II. G. DUPRE,
Speaker of the House of Representatives
Approved: July z, 1910.
J. Y. SANDERS,
Governor OF the State OF Louisiana
4 true copy:
JOHN II. MICHEL
Secretary of State.
ACT No. sos.
House Bill No. 36S.
JOINT RESOLUTION.
Joint Resolution proposing an amendment
to the Constitution of the State of Louis
lana, amending Article AZ of the Consti
tuition of 1898, 80 as to authorize the Board
n dat inn, IN iSse, hon 10 To rafira