The Bienville Democrat. [volume] (Arcadia, Bienville Parish, La.) 1912-1980, 1920-10-14
vba,ves and warehouses for the trans.

, yharves, and warehouses Tor Ire tEahs
tction of their business.
Fourtll-To trade with foreign couh
tries. including the foreign possessions
of the United States, by exporting
cargo carried thereto in their own yes
sells, and to import from foreign conh-
tries including the foreign possessions
of the United States, in their own 'tS-
sells cargo for sale or sXchaNSe N inc
United States, but no snip or sue"
company shah be laden with the com
nany's own cargo to the exclusion OF
cargo offered for such voyage by the
general public, and such cargo offered
Nv the general public shall have pref
ererse on all voyages for which 1t Is
offered.
Fifth-To authorize corporations,
foreign and domestic, to subscribe 10
and own shares Of their capital STOCK
, not however in excess Of the limitation
above provided.
No leased property or chartereo snip
shall be within the exemption heFe'h
granted, nor shall vessels OF Such cor
norations operated in the CoaStlNG
trade Of the United States, or operated
between ports of the United states.
other than Louisiana ports, and lorelEh
countries. not including the foreign
possessions of the United States Dc
within the exemption herein granted,
One such voyage in any year Shali
subject the vessel making the voyage
| to taxation for that year.
The proof above required 10 be llled
with the Secretary Of State that the
| authorized capital stock has Dtth Pal4
in cash shall be the Joint affidavit or
the president and secretary of the
| company to the effect, accompanied ny
verified trial balance Of the company
books
Each of said corporations shall pos
sess the power Of eminent domain Tor
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 10) years from January
J /. 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 Ivy 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 2ny persons or cor
poratio conducting business thereon;
provided, that not less than Twenty
| Ave Thousand Dollars t$25.0G0) Shall
be invested in the physical property
of any such enterprise, and furtneI
provided not less than twenty-five (29l
persons shall be constantly employed
| thereon.
Section 2. 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-
tons from taxation as to industries
! located on the Navigation Canal, 'eW
| Orleans" and the words: Against the
proposed amendment adding to Article
| 230 of the Constitution Of this state
certain exemptions from taxation as tC
industries located on the Navigator
Canal, New Orleans" and each efectoi
shall indicate his vote on the proposed
amendment as provided by the genera
election laws of the State.
r. +. Wake
Speaker of the House of Representa-
tives
HEWITT BOUANCHAUD,
Lieutenant Governor and President Of
the Senate.
Approved: July 7, 1920.
JNO NJ. PARK Err,
Governor of the State OF Louisiana
A true copy:
| JAMES j. BAILEY,
Secretary Of State.