The Era-leader. [volume] (Franklinton, La.) 1910-current, 1912-10-03

| 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 (1O)
years from the date of compile
ton the capital stock, franchises,
and certain property of all corpo-
rations constructing, owning and
operating within the State a COM
bined system of irrigation, nayi-
cation and hydro-electric power,
using fresh water streams and
water sheds, provided that each
system be completed and in o.
Grafton within five (5) years from
January LIST, 1919, 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 ir-
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, navj-
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 l1W years from the date
OF completion, the capital stock, fran
chises and property of all corpora.
tons constructing, owning and oper-
ating 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
shall be completed and in operation
within five (5) 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
corporal property shall be covered
by this exemption except that which
IL 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.
raj beds shall. not be waived by this
Section 2. Be it further resolved,
etc.. That the official ballot to be
used at said election shall have print
ed thereon the words: For the pro-
posed amendment to the Constitu.
ticn Of the State Of Louisiana ex-
from taxation for ten (10)
years from the date Of completion
certain new canals for irrigation, nav
Egation and power purposes to be
completed within five years with a
capital Of not les than five million
dollars" md the words: Against
The amendment to the Constitution
of the State Of Louisiana exempting
rom taxation for ten TO years from
The date Of completion certain new
canals for irrigation, navigation, and
power purposes to be completed with
N five (5) years with a capital Of
not less than five million dollars"
And each elector shall indicate as
provided in the general election laws
II the State whether he votes for
n against the proposed amendment.
THOMAS C.. BARRET.
Governor and President |
OF the Senate.
L. 3. THOMAS,
speaker of the House of Represen-
tatives.
Approved: August Gath, 1912.
l.. E. HALL,
governor Of the State of Louisiana.
true copy.
ALVIN E, HEBERT,
Secretary of State,
ACT NO. II.
enate Bill No. s. BY Mr.. Voegtle.
JOINT RESOLUTION
roposing an amendment to the Con.
sttution Of the State of Louisi-
ana exempting from taxation the
legal reserve Of life insurance
commands n~wonS..l ..,I.- +ba 1