St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1912-09-14
ACT NO. 10.

ACT NO. 10.
Senate Bill No. Z. BY Mr.. Schaffer.
Joint resolution submitting to the
people of the State Of Louisiana. At
the Congressional election to be held
in November, 1912, an amendment
to the Constitution Of the State ex-
emptinG from taxation for ten (1O)
years from the date Of completion
he capital stock, franchises, ana GER
tain property Of al corporations con-
structing owning and operating with
in the state q combined system OF IT.
rigation, navigation and hydro-elec-
trio power, using fresh water streams
and water sheds, provided that each
system be completed and in opera
ton within five go years from Janu-
AIRY /, 1913, and provided further
that not less than Ave million dollars
shall have been expended In the con-
struction 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
irrigation, whereby large additions
will be made to the population and,
the assessed value of the State; and.
Whereas, canals can be construct
ed so % to provide irrigation. navi-
cation and power, and It il the
states duty to encourage and pro-
mote the organization OF such con-
Germs:
Section 1. Be 1t resolved by the
General Assembly of the State OF
Louisiana, two-thirds Of all the mem
bers concurring, That the following
amendment to the Constitution be
submitted to the qualified electors
of the State for their adoption or re-
lection at the Congressional cleo
ton to be held on the FIRST Tuesday
after the first Monday In the month
I November, 1912. Is follows.
There shall be exempt from tax
alton for ten (1OO years from the
date of completion. the capital stock.
franchises and property OF all cor
porations constructing, owning and
operating within the State . COM
pined system of irrigation, naviga-
ton and hydro-electric power. using
fresh water OF Louisiana streams.
and watersheds, provided that each
system shall be completed ana ir
operation within five (5) years from
January /, 1913. and provided fn'
Their that not less than five nlil.ior
dollars shall have been expende.. in
the construction of each system. E'
real or corporal property shall BE-
covered by this exemption except
that which IL necessarily conneete''
with and appurtenant to each cana;
system and forming part thereof, NO..
shall this exemption extend to the as
sessed value that such real estate
had at the time it may be acquire
by the company; provided that TIL.
right Of the State to regulate the iii
versions Of its public waters from
their natural beds shall not be waiv-
ed by this amendment.
Section 2. Be It further resolved.
etc, That the official ballot to b..
used ct said election she'll have print
ed thereon the words For the pro-
posed amendment to the Constitu.
ton Of the State OF Louisiana ex-
empting from taxation for ten (1O)
years from the date Of completion
certain new canals for irrigation,
navigation and power purposes to be
completed within i've years with y
capital Of not less than i've million
dollars" and the words Against tht
amendment to the Constitution 81
the State of Louisiana exemptin.
from taxation for ten (10) years
from the date OF completion certain
new canals for irrigation. navisa
| ton and power purposes to be com
pleted within five (5) years with q
capital Of not less than So, 900. OOO.'
And each electOr shall indicate II
provided in the general election law,
Of the State whether he votes for o.
against the proposed amendm ent.
THOMAS e. HARREr,
;Lcuit nant Go erEn.' md President
VI the Sen1.e
L. E. THOMAS,
Speaker Of the House of Repre-
sentatives.
Approved August ~, 1912.
L. E. HALL,
Governor of the State of Louisiana.
A true copy.
ALVIN E. HEBERT,
Secretary Of State.
/ ACT NO. IL.
Senate Bill No. 8. BY Mr.. voegtle
Joint resolution proposing a
amendment to the Constitution o
the State of Louisiana exemptinl
from taxation the legal reserve o
life insurance companies organize,
under the laws of this State.
Section 1. Be 1t resolved by tn,
General Assembly Of the State o
Louisiana, two-thirds of all the mem
beers elected to each house concurrin,
That the following amendment q
the Constitution Of the State be sub
mitted to the qualified electors o
the State for their adoption or re