New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1920-10-16

! wRarves and waronUusvs .Or the trans
action of their business.
Fourth-To trade with foreign coun-
! kxiss including the foreign possessions
| Of the United States, by exporting
| cargo carried thereto in their own yes
sells, and to import from foreign cGuh
! tries, including the foreign possessions
Of the United States, in their own yes
sels cargo for sale or exchange in the
United States, but no ship or sucn
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 oHereo
| by the general public shall nave pref
erence on all voyages for which 1t IS
offered. ,A,L
Fifth-To authorize corporatsEfa
foreign and domestic, to subscribe 20
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 shah
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
auth orized capital stock has 6een palc
In cash shall be the joint affidavit OF
the president and secretary of the
company to the effect, accompanied by
verified trial balance of the companys
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
period of ten (10) years from January
1. 1921. al buildings, including ma
chinery and appurtenances located
thereon, or other improvements con-
structed for manufacturing, CONNER
cial and business purposes on the
title of which Is or may be held by 80
Board Of Commissioners OF the Port or
New Orleans, as an agency OF the state
Of Louisiana, and which may be 'ased
from said Board by any persons or cor
porations conducting business thereon;
provided. that not less than Twenty
I'VE 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 g. Be it 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 230 of the Con-
stitution of this State certain exemp-
lions from taxation rs 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 elsctor
shall indicate his vote on the proposed
amendment as provided by the general
election laws of the State.
r. F. WALKER,
Speaker of the House Of Representa-
tives.
HEWITT BOUANCHAUD,
Lieutenant Governor and Presiden' Of
the Senate.
Approved. July 7, 1920.
JNO N. PARKER,
Governor of the State of Louisiana.
A true copy:
JAMES J. BAILEY,
Secretary OF State.