The Natchitoches enterprise., 1920-10-07

| whafves. and warehouses for the trans-
action OF their business.
Fourth-To trade with foreign coun-
| tries, including the foreign possessions
| Of the United States. by exporting
| cargo carried thereto In their own YES
sells, and to import from foreign coun-
tries, including the foreign possessions
Of the United States, in their own YES
| sells cargo for sale or exchange in the
United States, but no ship or such
company shall be laden with the COM
| cargo offered for such voyage by the
general public. and such cargo offered
! by the general public shall have pref
| erence on all voyages for which it is
| offered.
Fifth-To authorize corporations.
| foreign and domestic to subscribe to
and own shares of their capital stock,
not however in excess Of the limitation
| above provided.
No leased property or chartered ship
| shall be within the exemption herein
| porstions operated in the coasting
| trade Of the United States. or operated
between ports of the United States.
! other than Louisiana ports, and foreign
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 the joint affidavit Of
the president and secretary of the
company to the effect. accompanied by
a verified trial balance of the company's
books.
Each of said corporations shall pos
sess the power of eminent domain for
the purpose of acquiring land on which
to erect plant to build and repair
vessels.
There shall be exempt from State.
parish and municipal taxation for a
period of ten G0) years from January
l; 1921, all buildings. including ma
chlnery and aN2urtenances located
thereon. or other improvements con-
structed for manufacturing. CONNER
c1al and business purposes on tho
lands of the Navigation Canal. the
f title Of which is or may be held b. tie
Hoard of Commissioners of the Port OF
New Orleans, as an agency of the State
Of Louisiana and which may be leased
from said Board by any persons or cor
provided. that not less than Twenty
five Thousand Dollars ($25,OOO) shall
be invested in the physical property
OF any such enterprise. and further
provided not less than twenty-five (25)
persons shall be constantly employed ,
thereon
Section 2. BE it further resolved,
used at said election Shall p' be placed ia
the words: For the proposed amend |
ment adding to Article $50 of the Con- |
st1tution OF this State certain eXemp- !
tons from taxation as to industries !
located on the Navigation Canal, New |
Orleans" and the words: Against the |
proposed amendment adding to Article |
230 of the Constitution of this State |
certain exemptions from taxation as to |
industries located on the Navigation !
Canal, New Orleans" and each elector |
shall indicate his vote on the proposed |
amendment as provided by the general |
election laws OF the State.
r. +. WALKER.
Speaker of the House of Representa-
tiVes.
HEWITT BOCANCEAUD
Lieutenant Governor and President Of
the Senate.
Approved: July 7, 1920.
JNO NJ. PARKER,
Governor of the State of louisiana
A true copy:
JAMES j. BAILEY,
Secretary OF State.