The Natchitoches enterprise., 1920-09-23

action OF their business.
Fourth--To trGGo with foreign oour-
tries Including the foreign poses . -
of the United States. by exporting
cargo carried thereto III their own res-
sels, and to import from foreign tnun-
! 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
| erencc on All voyages for which II 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 chartered ship
shall be within the exemption herein
granted. nor shall vessels of such cor
porations operated in the coasting
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
in cash shall he the joint affidavit of
the president and secretary of the
company to the effept. 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
vessels
There Shall be exempt from state.
parish and municipal taxation for a
period of ten G0> years from January
l.; III. all buildings including ma
cnlhery and aN3urtenanceS located
thereon. or other improvements con-
structed for manufacturing. CONNER
Glal ana business purposes on the
lands of the Navigation Carai. the
title Of which is or may be held by tie
hoard OF Commissioners Of the Port OF
New orleans, as an agency CT the Stat"
OF Louisiana. and which may be leased
from said Board by any persons or cor
porations conductin" business thereon;
provided. that not less than Twenty
five Thousand Dollars ($25 O00) eh"n
be invested in the physical property
OF any such enterprise. and further
provided not les: 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 23G of the Con-
.i sutton of this State certain exemp
tlohS from taxation as to industries
located on the Navigation Canal. New !
Orleans, and the words: Against the
proposed amendment adding to Article
$50 of the Constitution of this State
certain exemptions from taxation as to
Industries located on the Navigation
ANAL, New Orleans" and each clcctor
'hall indicate his vote on the proposed
lmtndinant as provided by the general
,1c"tit: laws of the State
X. T.. WALKER
speaker OF the House of Representa-
tiveS.
HEWITT BOUANCErAUD.
lieutenant Govfnor and President of
the Senate.
Approved: July 7. 1920
JNO NJ. PARKER
Governor of the State of Louisiana.
l true copy:
JAMES J. BAILEY, ,
Secretary of State.