St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1920-10-30
PROPOSED AMENDMENTS TO THE
CONSTITUTION OF
LOUISIANA.
(Continued from mage 81

(COuL1Quou 1TOm pdSS ~
els for at least three months be:3re
me books are closed, and II over
suustsibed shall be airport )uei
9n.Cns the subscribers.
Sixth-That all vessels operated
by said company shall be common
carriers on every voyage unless tho
whole capacity of the ship shall be
chartered for a particular voyage or
voyages for particular purpose.
1t fhall be lawful for companies
so organized il addition to the pow
ers low provided by the laws OF the
State to incorporate into the.r char
terra xis or any Of the following pow
eTs:
Eiut-To build. charter or pur-
chase vessels. z liz
Se.opd-To insure goods, wares
and merchandise carried on their
own bottoms against fire and pec:is
| Of the sea.
Thhd-To build, own and rent
and operate shipyards, docks, piers,
wharves and warehouses for the
transaction Of their business.
Fourth-To trade with foreign
COUNT les, including the foreign pos
sessions of the United States, by ex-
| porting cargo carried thereto in thel:
vessels, and to import from foreign
countries, including the foreign pos
sessions of the United States, In their
own vessels cargo for sale or AZ
change in the United States, but no
ship or such company shall be laden
with TIE comDany's cargo to the OK
clusion Of cargo offered for such voy-
age by the general public, and such
| cargo offered by the general pubic
shall have preference on all voyages
for which 1t 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.
| No leased property or charter I'D
ship sball be within the exemption
herein granted, nor shall vessels OF
such corporations operated in the
coastinz trade of the United States,
or operated between ports of the
United States, other than Louisiana
ports, and foreign countries, not In
Guiding the foreign possessions OF
the United States, be within the ex-
emption herein granted. One such
voyage in any year shall subject tha
vessels making the voyage to tax
alton for that year.
The proof above required to be
fled with the Secretary OF State that
that the authorized capital stock mas
been paid in cash shall be the joiat
affidavit Of the president and secrs-
tary VI the company to the enee.,
accompanied by verified trial bal
ance u the company's books.
Eaen Of said corporations shall
possess the power OF eminent domain
for the purpose Of acquiring land on
which to erect q plant to build and
repair vessels.
| There shall be exempt from Sta.e,
parish and munic pal taxation for a
| period Of ten (10) years from Jauu-
airy /, 1921, all buildings, including
machinery and appurtenances locat-
| ed thereon, or other improvements
constructed for manufacturing, con-
merclai and business purposes on tn,
lands CT the Navigation Canal, thu
title Of which Is or may be held by
the Doerd Of Commissioners Of the
Port o. New Orleans, as an agen.y
of the State of Louisiana. and which
may bs leased from said Board Dy
any person or corporations conduct
ing business thereon; provided, tina.
not less than twenty-five Thousand
| ($25 G00) Dollars shall be invested
in the physical property Of any such
enterprise, and further provided not
less :1an twenty-five (25) persons
| shall oe constantly employed thereon.
Section 2. Be it further resolved.
ETC., rnat on the official ballot to be
used At said election shall be placsl
| the words: For the propose
amendment adding to Article 230 Of
the Constitution Of this State certain
exemptions from taxation as to In
dustr:es located on the Navigation
Canal, New Orleans" and the words
Against the proposed amendment
adding TO Article 230 of the Consti-
tuition Of this State certain exemp-
tons from taxation as to industries
located on the Navigation Canal,
New Orleans" and each elector shall!
indicate his vote on the proposed