The St. Mary banner., 1912-11-02

to the people Of the state
of Louisiana. at the Congression-
al election to be held in Noyem-
ber, 1912. an amendment 10 the
Constitution Of the State exempt
ing from taxation for ten (1V) .
wears from the date Of compl
ton the capital stock, franch. Sc
and certain property of all corpo-
rations constructing, owning and .
Onerattng within the State a com
bined system Of irri atom, nav
cation and hydro-clectric power
using fresh water streams and .
water sheds, provided that each .
system be completed and in op-
Grafton within five (5) years from
January 1st, 1913. and providing
further that not less thaa 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 lr-
rigation, whereby large additions Will
be made to the population and, the
assessed value Of the State; ana,
Whereas, canals can be construct
ed so as to provide irrigation, naVl-
CATION and power, and it is the states
duty to encourage and promote the
organization of such concerns:
Section /. Be it resolved by the
| General Assembly of the State OF
! Louisiana. tWO-thirds OF al 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 Q0) years from the date
OF completion, the capital stock, iran
cbises and property of all corpora
tions 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
1st, 1918, and provided further that
not less than five million dollars
shall have been expended in the con
struction of each system. NO real or
corporeal property shall be covered
by this exemption except that which
is necessarily connected with and ap
purtenant to each canal system anC
forming part thereof, nor shall this
exemption extend to the assessed
value that such real estate had a
the time it may be acquired by the
company; provided that the right o
the State to regulate the diversion
of its public waters from their natu
raj beds shall. not be waived by this
amendment.
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 Constltu
+, ticn of the State of Louisiana ex
; empting from taxation for ten tl0
years from the date of completion
certain new canals for irrigation, nav
igation and power purposes to b'
completed within five years with
{ capital of not less than five milllol
: dollars" and the words: "Agalns
the amendment to the Constitution
Of the State of Louisiana exemptlnt
I from taxation for ten 90 years from
f the date of completion certain neV
y canals for irrigation, navigation ant
9 power purposes to be completed with
in five 90 years with a capital 0
: not less than five million dollars.
y And each elector shall indicate a.
h provided in the general election law
of the State whether he votes TO
. or against the proposed amendment
, ! THOMAS c. BARRET,
:, Lieutenant Governor and Preslden
y y of the Senate.
= l.. f. THOMAS.
= Speaker of the House of Represen
:. tativeS.
: Approved: August oath, l9l2
L. E. HALL,
: Governor of the State OF LOUISIANA
:. A true copy.
. ALVIN E. HEBERT,
= Secretary Of State.