The Donaldsonville chief., 1920-09-11

W1arves. and ~arekaases for the tsena-,
action of their business.
Fourth-To trade with foreign eoun-
q sasl the en un,ssa st States. % BY snposss
cargo carried thereto IN their own vss-8
sells, and to import from foreign couA-
tries, Including the foreign .posseasisnss
Of the United States, In their own yea
sells cargo for sale or exchange In the
United States, but no ship or aanh
company shall be laden with ths com
cargo offered for such voyage by shs4
general public. and such cargo offered
By the general public shall have pref
erenee on all voyages for which Ii IT,
offered
Ftfth--Te authorize corporations.
foreign and domestic. to subscribe 10
and own shares of their capital stock
not however in excess of the limitatton
above provided.
No leased property or chartered shin
shall be within the exemption hsretn
granted, nor shall vessels OF such corss
trade OF the United states or operated
between ports of the United States,
other than Louisiana ports, and foreign
countries. not ineluding the foreign
possessions Of tho United States, hss
within the exemption herein granted
One such voyage in any year shaIi
subject the vessel making the voyage
to taxation for that year. 5ES3
The proof above required totsbe Miras
with the Secretary Of State that. the
authorized capital stock has been paid
in cash shall be the joint affidavit ef5
the president and secretary Of the
company to the effect. accompanied 81
a verified trial balance of the company'a
books. sss
Each Of said corporations shall poa-s
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 stata,
~. ri "a nd frtnAf fnvsss
period OF TEN t101 years from January
/. 1921 all buildings. including nsA
chinery and appnrtenances MY located
thereon, or other improvements con-
structed for manufacturing. CONNER. 4
cial and business purposes ON Eh@s
lands of The Navigation Canal, the
title Of which is OF may be held BY the
Board OF Commissioners Of the Port af
New Orleans as an agency OF the stare
of Louisiana. and which may be leased
from sal Beard by any persons or corr
provided. TINT not less than TwsntY-
Ave Thousand Dollars t$26,0a0l' shall
be invested In the physical properly
of any such enterprise, and furthefs
provided not less than twentyefiys g{2SYs
persons shaH be constantly enpioYses
I thereon. ~
Section 2. Be it further resolved.
ETC.. That on the official ballot 70 bs
used al said election shall be placed
the words For the proposed amend
naent adding TO Article aS0 OF ths Con.8
stitntion Of this State certain axernp-s
tinns from taxation as to indnatrlAe
located on the Navigation Canal. NAWs
Orleans, and I he words: Against the
PROPOSED amendment adding to Articlas
2a0 Of tho Constitution pf thaR State
certain exemptions from taxation Aa t6
Industries located on the NavtgatAoa
Canal, New Orleans, and each elect0ss
shall indicate his vote on the proposed
amendment as provided by the general
eisction laws ofsthe State,
R. It WALKER,
Speaker Of the House OF Representa-
~ ttves. 8s
HEWITT BOUANCIAIJD
Lieutenant Governor and President ef
the Senate
Approved . July q, 1920.
JNO M. PARKER,
Governor OF the State OF Louistana.
true copy.
JAMES j. BAILEY,
Secretary of State.