The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1920-10-23
xnarves, and warehouses for the trans

1narves, 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 ves-
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 sucn
company shall be laden with the COM
cargo offered for such voyage by the
general public, and such cargo offered
by the general public shall have pref
erence 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 II 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 coastiHg
trade of the United States. or operated
between ports of the United States
other than Louisiana ports and 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
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
company to the effect accompanied by
q 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 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, all buildings. including ma
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 bersoaseds
porations conducting business thereon;
provided. that not less than Twenty
five Thousand Dollars ts25.00OJ 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.
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 $40 of the Con-
stitution of this State certain exemp-
lions from taxation as to industries
located on the Navigation Canal, New
Orleans. and the words: Against the
proposed amendment adding to Article
ESQ 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. .s--.
Approved: July Z. 1920.
JNO NJ. PARKER,
Governor of the State of Louisiana.
A true copy:
JAMES ]. BAILEY,
Secretary of State.