New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1920-10-23
.es for the trans

wSarvss, and warehouses for the tTanG-
Aef5en OF their business
Eoorth-To trade with foreign coun-
0aee, lncluding the foreign possessions
Of the United States, bv exnoTtinS
cargo carried thereto in their own yes
sells. and to import from foreign coun-
tries. including the foreign possessions
81 tne Oniteu states. in their own yes
ses cargo Tor sale or exchange in the
United States but no shin or amor
company shall be laden with the com
peny's own cargo TO the eycIusion N
cargo onered for such voyage by the
general public, and such cargo offered
by the general public shall have nrsT-
erenoe on all voyages for which il is
Fifth-To authorize corps&Sn,
foreign and domestic to subsc1ys 10
and own shares of their capital EFocL
not however in excess NJ the WmftaTfnn
above provided.
No leased property or chartered shin
snail De within the exemption herein
granted, nor shall vessels Of such coz
porAttons operated in the coastinp
trade of the United States or operata3
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 grantsd
One such voyage in any year shan
subject the vessel making the voyage
to taxation for that year
The proof above required to be n1.d
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 OF ne
company to the effect, accompanied by
8 verified trial balance of the company's
books.
Each of said corporations shall DOS
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 Stat.
parish and municipal taxation for a
!, 1921, all buildings, including ma
chinery and appurtenances located
thereon, or other Improvements con-
structed for manufacturing. CONNER
lands of the Navigation Canal, the
title of which is or may be held E.ssths
Board of Commissioners OF the $3.50
New Orleans, as an agency of the SE~Se
Of Louisiana, and which may be 'ssed
from said Board by any persons or cor
porations conducting business thereon;
provided, that not less than Twenty
i've Thousand Dollars (s25,0e0) 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 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-
lions from taxation as to industries
located on the Navigation Canal. New
Orleans" and the words: Against the
proposed amendment adding to Articls
$50 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. +. WALKER,
Speaker of the House of Representa-
tives.
HEWITT BOUANCHAUD,
Lieutenant Governor and President Of
the Senate.
Approved. July Z, 1920.
JNO M. PARKER,
Governor of the State of Louisiana.
A true copy:
JAMES J. BAILEY,
Secretary of State.