The Bienville Democrat. [volume] (Arcadia, Bienville Parish, La.) 1912-1980, 1920-09-16

WharVes 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 thu
United States, but no ship or sucf
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
erere,e on all voyages for which it Is
offered.
Fifth--To authorize corporations
foreign and domestic, to subscribe &c
and own shares of their capital stock
not however in excess Of the limitation
above provided,
No leased property or chartered snip
shall be within the exemption herein
granted, nor shall vessels Of such cor
porations operated in the c0astnR
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 or 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 plant to build and repair
vessels.
There shall be exempt from State.
parish and municipal taxation for a
period Of ten 10l years from January
!, 1921, all buildings including ma
chinery and ahpurtenances 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 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 23e of the Con-
stitution Of this State certain exemp-
tons from taxation as to industries
located on the Navigation Canal, New
Orleans" and the words: Against the
proposed amendment adding to Article
2S0 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. f. 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.