The true Democrat. [volume] (Bayou Sara [La.]) 1892-1928, 1912-11-02

JO1Nl NEcOLU llON
Submitting to the people of the State
of Louisiana, at the COMPRESSION
al election to be held in NoVem
Der, 1912, an amendment to the
Constitution Of the State exempt
ing from taxation for ten Q0)
years from the date Of compile,
ton the capital stock, franchises
and certain property Of all corpo
ss0
rations constructing, owning and
operating within the State a com
bined system Of irrigation, navi-
cation and hydro-eleCtriC power
using fresh water streams and
water sheds, provided that each
system be completed and in op,
GRAFTON within five 60 years from
January 1st, 1913, and providing
further that not less than five
million dollars shall have been
expended in the construction of
each system.
Whereas, the State of Louisiana
has large areas comprising millions
OF acres Of land that can be reclaim.
ed and brought into cultivation by If
rlgation, whereby large additions will
be made to the population and, the
assessed value of the State; and,
Whereas, canals can be construct
ed so as to provide irrigation, navi-
cation and power, and it is the States
duty to encourage and promote the
organization Of such concerns:
Section l. Be it resolved by the
General Assembly of the State of
Louisiana, tWo-thirds of all the mem
bers elected to each house concur
ring, That the following amendment
to the Constitution be submitted to
the qualified electors of the State
for their adoption or rejection at the
Congressional election to be held on
the first Tuesday after the first
Monday in the month Of November,
1912, as follows:
There shall be exempt from taxa
ton for ten (10} years from the date
OF completion, the capital stock, fran
chises and property Of all corpora
tons constructing, owning and oper.
atlng within the State a combined
system of irrigation, navigation and
hydro-electric power, using fresh
water Of Louisiana streams, and wat
er-sheds, provided that each system
snail be completed and in operation
within five t5) years from January
LIST, 1913, and provided further that
not less than five million dollars
shall have been expended in the con-
struction of each system. No real or
corQoreal property shall be covered
by this exemption except that which
Is necessarily connected with and ap-
purtenant to each canal system and
forming part thereof, nor shall this
exemption extend to the assessed
value that such real estate had at
the time it may be acquired by the
company; provided that the right of
The State to regulate the diversion
Of its public waters from their natu-
al beds shall. not be waived by this
Section 2. Be it further resolved,
ETC., That the Official ballot to be
Ised at said election shall have print |
I'd thereon the words: For the pro
)osed amendment to the Constitu-
ion Of the State of Louisiana ex-
9mpting from taxation for ten (1O) |
'ears from the date of completion
certain new canals for irrigation, nav
cation and power purposes to be
ompleted within five years with a
apital of not less than five million
lollars," and the words: Against
he amendment to the Constitution
f the State of Louisiana exempting
rom taxation for ten 90 years from
he date of completion certain new
annals for irrigation, navigation and
over purposes to be completed with
n five 90 years with capital of
ot less than five million dollars"
nd each elector shall indicate as
roVided in the general election laws
the State whether he votes for
r against the proposed amendment.
THOMAS c, BARRETT,
lieutenant Governor and President
Of the Senate.
L. E. THOMAS,
peaker of the House of Represen-
tatives.
pproved: August oath, 1912.
L. e. HALL,
cVernor of the State of Louisiana.
true copy:
ALVIN E. HEBERT,
Secretary of State. 9