New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1920-09-11
vaarves, and warehouse for the trans

! W0aPveB, and warehouses Aoi inc b5hb-
action OF tn cir business.
| Fourth-To trade with foreign coun-
tries, including the foreign possessions
| Of the United States, by exporting
| CARO- 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 veg
ssls cargo for sale or exchange IN me
| United States, but no ship or such
| company shall be laden with the com
pany's own cargo to the exclusion OF
| cargo offered for such voyage by the
! general public, and such cargo ohered
! By the general public shall have pref
erence on all voyages for winch 1t is
! offered.
Fifth-To authorize corporaattions-
! foreign and domestic, to subscribe to
| and own shares of their capital st2ck
above provided.
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
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 paio
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
soss 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
of
l, 1921. all buildings, including ma
chinery and appurtenances located
thereon. or other Improvements con-
structed for manufacturing, CONNER
cial and business purposes on the
lands of the Navigation Canal tbs
title of which is or may be held by the
New Orleans, as an agency of the State
of Louisiana. and which may be leased
from said Board by any persons or SSS
porauons conducting business thersSr;
provided. that not less than Twenty
Eve Thousand Dollars (S25,000) 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 be placed
the words: For the proposed amend
ment adding to Article 230 of the Con-
stitution of this State certain exemp-
tions 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
as provided by the general
election laws of the State
R. F. WALK Err
Speaker of the House of Representa-
tives.
HEWITT BOUANCHAUD,
Governor and President OF
the Senate.
Approved: July Z, 1890.
JNO M. PARKER,
Governor of the State of louisiana
true copy:
JAMES ]. BAILEY,
Secretary OF State.