The Bienville Democrat. [volume] (Arcadia, Bienville Parish, La.) 1912-1980, 1920-09-02
wharyes, and warehouses for the trans.

|
action Of their business.
Fourth-T0 trade with foreign c0un-
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
pany's 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
ererCe on all voyages for which it 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
r. No leased property or chartered ship
shall be within the exemption herein
| granted, nor Shall vessels of such cor
p0rations operated in the coasting
! between ports Of the United States.
countries, not including the foreign
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
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 plant to build and repair
vessels
There shall be exempt from State,
parish and municipal taxation for
period Of ten G0) years from January
l, 1921. all buildings, including ma
chinery and afpurtenances 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 ($25,000) 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 e. 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 23O of the Con-
stitutton 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
23O 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. WALKER,
Speaker of the House of Representa-
tives.
HEWITT BOUANCHAUD,
Lieutenant Gov&nor and President of |;
the Senate.
Approved: July z, 1920.
JNO M. PARKER,
Governor Of the State of Louisiana.
true copy:
JAMES ]. BAILEY, |
Secretary of State.