The Bienville Democrat. [volume] (Arcadia, Bienville Parish, La.) 1912-1980, 1920-10-07
wharves, and warehouses for the trans

wharyes, 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
panys own cargo to the exclusion Of
cargo offered for such voyage by the
general public and such cargo offered
by the general public shall have pref
ererHe on all voyages for which 1t 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
granted. nor shall vessels Of such cor
porations operated in the cOasting
trade Of the United States, or operated
| between ports Of the United States
other than Louisiana ports and foreign
| countries, not including the 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 a plant to build and repair
| vessels,
There shall be exempt from State
parish and municipal taxation for a
period of ten GO) years from January
| /, 1921, all buildings, including ma
chinery and aNpurtenances located
thereon, or other improvements con-
structed for manufacturing, CONNER
| cial and business purposes on the
| lands of the Navigation Canal, the
title Of which is or may be held by the
Board 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
porations conducting business thereon;
| provided, that not less than Twenty
| five Thousand Dollars J$25.O00) 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 1t further resolved,
ETC., That on the official ballot to be
used at said election shall be placed
the words: For the proposed amend
ment adding to Article 23O of the Con-
| stitution of this State certain exemp-
| tons from taxation as to industries
located on the Navigation Canal, Few
| 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 BOUANCHAUD,
| 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.