The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1910-09-24
ACT No. 27s.
Senate Bill NJ. 49,.

All NO. 10.
Senate Bill NJ. 49,
AN ACT
Submitting 10 the people of tho State If Lon.
iNlhha. AT the congress SIGNAL election to he
he!d IN Novebmer. 1870, an amendment TO the
ss@nsta'"'ioh eHemptins from taxation for
hiteen years from the date OF full cash
payment OF their capital stock domesti,
steamship companies engaged in foreign
commerce. and fixing the conditions OF such
exemption
Whereas, the City of New Orleans is the
natural gateway of the Mississippi Valley
through which should pass the commercs
OF that greatest and most yirile section
OF this republic, and
. Whereas the completion of the Panama
lana VIII give an enormous stimulus to
trade and commerce between the Nissis.
Slppi Valley and Orient and the west coas.
and
= Whereas the people Of the Mississippi
valley and OF the whole South mus, be
prepared to take immediate advantage Of
TINS new channel of trade. lest tas vast
heid which It opens be taken possession OF
and
Whereas grea. steamship companies
domiciled in New Orleans are the only
and the absolutely necessary means
whereby trade and commerce between the
Mississippi Valley and the countries Dor
dering on the Pacific Ocean may be pro.
and
Whereas the State proposes to tax her.
seiI TO promote great worlds exposition
OF the Panama Canal. and it is the States
duty to encourage and promote the organ. |
ization OF such great steamship companies |
IN aid and in furtherance of this project |
Assembly of the State of Louisiana, two. /
thirds Of all the members elected to each |
branch thereof concurring that at the cong. /
ressional election to be held in this State on /
tuesday November 8, 1910, the following t
amendment to the Constitution shall be sub. I
united 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, corporal and
.nd shall be sssSpt from all take.
ripal, both general and special, exclusive Of
wharfage. shed or levee dues, for fifteen
years from the date of filing with the Score.
'ary. Of State proof that their authorized
aGtal stock has been paid in full in cash.
No such steamship company shall have tho
'enent OF this constitutional provision except
lpon the following conditions:
First-That such company shall have been
organized and the whole Of its authorized
ap'al stock paid in cash within two years
rom January ], 1911.
Second That such company shall be domi- Z
sled in the City Of New Orleans, or in soma.
'theF port q this State. etel
spifal stock OF at least three aSs>mornlus
hat;sF j Il. egy sas hat be held in
= firm; or individual shall oH8. 20 and
lthsr directly or indirectly, MOI :. 81
ans trusts sh" beswes po0 ,hs erw
ontrol the corporation shall be lat~ T.,
o o and void and no stock held n ~
ny corporate election meeting
Fifth : That the capital stock a. - om.
any ~ T I1;l a be open to p.b's ?tion
ewspapers for at least thr-a 4pn IS before
he books are closed, and II ,: =, absorbed
hsi be a1R,p a among IN, yb;erihers
ompany shall be common cs::ters on every
oyage unless the whole t4DNcity Of the ship .
r q particular purpose.
It shall be lawful for companies so orgsni-
ID IN addition to the powers now provided ,
Y the laws of the State TO incorporate into
leir charters all or any Of the following
owers:
First-Te build charter or purchase yes
sesond-To irse'e goods. wares and mer.
landise carried IN their own bottoms against I
e rand and psrils Of the sea.
Third-To build. own, rent and operate
Upwards. docks. piers. wharves and ware
'uses for the transaction OF their business.
Fourth To trade with foreign countries.
Guiding the foreign possessions of the
nited States. by exporting cargo carried
ereto in their own vessels. and to import
ON foreign countries, including the foreign
ssessions of the Uaited States. in their
IN vessels cargo for sale or exchange in =,
e United States, but no ship of such q s.
mpany shall be laden with tie company's :,
IN cargo TO the, exclusion Of cargo offered :,
oh cargo offered by the general public
ell have preference all voyages for CT
lich it is offered 1.
Fifth-To authorize corporations. foreign "
d domestic. to subscribe to and own shares Z,
their capital stock, not however in excess :
the limitation above provided.
No leased property or chartered ship shall
within the exemption herein granted, nor a.
lll vessels of such corporations operated III
the coasting trade of the United States, ~
,tes, other than Louisiana ports and
eign countries. not including the foreign !,
sessions OF the United States. be within a a
rage in any year shall subject the vessel N
king the voyage to taxation for that year. -,
The proof above required to be fled With ;"
'ital stock has been paid in cash shall be u, M
joint affidavit of the president and sec. F"
airy, Of the company to that effect accom- ,b
lied by verified trial balance Of the :"
Zach Of said corporations shall possess ne
power OF eminent domain for the purpose no
acquiring land on which to erect plant s or,
build and repair vessels. in
section 2. Be it further enacted etc. IN IN
It on the Official ballot to be used At said VI
'tion shall be placed the words -:
For the amendment exempting domestic trI
lmshp companies from all taxation for Al
zen Years under certain conditions" off
the words: ca
Against the amendment exempting do. =
tic steamship companies from all taxa. LII
for Fifteen Years under certain condi.
s.
nd each elector shall indicate his vote
the proposed amendment as provided in
general election laws of this State
P. NJ. LAMBREMONT
Itenant Governor and President of the
enate
IT, G. DUPRE.
Speaker Of the House of Representative.
pproyed: July Z. 1910.
7. Y. SANDERS
Governor of the State Of Louisiana. r..
rue copy: SCI
DIN T. MICHEL.
Secretary Of State