The Natchitoches enterprise., 1920-09-16

wharves. and warehouses; for the trans
action Of their business.
| Fourth--To trad with foreign coar-
tries iEci,In:nS the foreign possess .one
| of the United States. by exporting
! "arGo carried thereto in their own .cs-
sells. and to import from forni.-n com
tIles including the foreign possessions
| Of the United stat $. in their own v"s-
seis cargo for sale or .Xchang" in th-
United States. bat no ship or such
, company shall be laden with the COM
pany's own cargo to the exclusion OF
cargo offered for such voyage hy the
general public. and such cargo offered
by tn" general pnblir shall have pref
er"ncc on all voyages for which it is
Fifth-To authorize corporations,
foreign and domestic. TO subscribe to
and own shares Of their capital stock
not however in excess of tn" 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 coastinR
between ports of the United States
other than Louisiana ports. and foreign
countries not including the foreign
possessions of the United States. be
Wlthln 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
nv AoNtlt tldIy ol Sldtt lndI 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
books.
Each of said corporations shall pos
seSs the power of eminent domain for
thc purpose Of acquiring land on which
vessels.
There shall be exempt from State
parish and municipal taxation for a
PERIOD OF ten 1ol years from January
l. l92l. all buildings. including ma
chlnery and a\Jurtenanc"s located
thereon. or other improvements con-
structed for manufacturing. CONNER
Glai ana business purposes on tho
iandS or the Navigation Canal The
title or which is or may be held by the
Hoard of Commissioners of the Port OF
New orleans. as an agency of the State
o. LOUISIANA and which may be leased
from sad Board by any persons or cor
poralons conducting business thereon:
provided. that not less than Twenty
nFe Thousand Dollars tS25.000) shall |
oe invested in the physical property |
OF ~ such enterprise. and further |
rot less than twenty-five (25) |
persons shall be constantly employed |
thereon
Section >. Il. it further resolved.
ETC.. That on the official ballot to be
used at said election shall lie placed |
me words: For the proposed amend
ieht adding to Article 230 of the Con-
'titution of this State certain exenlp-
ions from taxation as to Industries
ocated on the Navigation Canal. New
orleans ard the words: Against the
proposed amendment adding to Article
80 of the Constitution OF this State
'ertaln exemptions from taxation as to
Industries located on the Navigation
anal, New Orleans" and each elector
hallInd'cate his vote on the proposed
-mendtn"nt as provided by the general
lection laws of the State
II. Il. WALK EI;
peaker of the House of Representa-
tives.
HEWITT BOI 'tNC'-tIrD
lieutenant GovEnor and President OF
the Senate.
Approved: July T. 1920.
JNO NJ. PARKER
governor of the State of Louisiana.
true copy: :
JAMES J. BAILEY
Secretary nf |