The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1912-10-05

elected TO each house eoncurrfng, That
the following amendment to sne , Ggn7
electors Of the State for their adoption
or rejection at the congressional cleo
ton to be held on the first Tuesday
after the first Monday 4 IN the month
There shall be exempt from taxation
for ten s1o) years from the date Of
completion the capita9 stock, franchises
and property, Of all corporations con co
structing, owning and operating within
the State cRmbined system of irriga-
ton, navigation and hydro-electric. pow
er, using fresh water Of LOUISIANA "a
streams and watersheds, provided that
each system shall be completed and in
operation within five (5l years from
January 1st 1913, and provided further
that not less !, than five million dollars
shall have been expended In the con-
corporal PROPERTY shall be- covered BY
this exempti9n except that which is
necessarily connected with and appur-
tenant to each canal system and form
ing part thereof. nor shall this exeInp-
ton extend to the assessed value that
such real estate had at the time 1t may
be acquired by the company; proVided
that the right Of the State to regulate
the diversion Of Its public waters from
their natural 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 printed
thereon the words: For the proposed
amendment to the Constitution OF the
State of Louisiana exempting from on
taxation for ten (1oj years from the
for irrigation navigation and power
purposes to be completed within five
years with capital of not less than
five million dollars, and the Words:
Against the amendment to the Gonst1-
tuition of the State of Louisiana exempt
ing from taxation for ten 4(1O9 years
from the date of completion certain
new canals for Irrigation, navigation
and power purposes to be completed
within five (5) years with capital
of not less than five million dollars.
And. each elector shall indicate as pro.
| vided in the general election laws OF
the State whether he votes for or
against the proposed amendment:
| THOMAS c.. BARRET.
Lieutenant Governor and President
= ne s'e1'ase L. e. THOMAS.
Speaker of the House of Represen-
Approved: August gath, 1912
Governor Of the State OF Louisiana
= : - eops ALVIN r. HEBERT.
Secretary OF State.
ACT NO. II.
| Senate Bill No. s. BY MT Voegtie
Joint resolution proposing an amend
| ment to the Constitution of the state
| of Louisiana eXempting from taxation
| the legal reserve of life insurance com
panies organized under the laws Of this
State
Section l. Be 1t resolved by the
General Assembly of the State of Lou
fsiana, two-thfrds of all the members
I elected to each house concurring, THAI
/ the following amendment to the Con.
stitution of the State be submitted &c
the qualified electors Of the state To-
their adoption or rejection at the con,
gressional election to be held on thu
| first Tuesday after the first Monday II
| the month Of November, 1912, as foi
lows:
1 There shall be exempt from all tax
| alton the legal reserve OF life Insurance
1 companies organized under the laws o.
| this State.
/ etc, THAT the official ballot TO be uset
at said election shall have printe.
thereon the words: For the proposes
amendment to the Constitution OF tn,
State Of Louisiana exempting from a
taxation the legal reserve of life IN
i surance companies organized under tn
laws Of this State" and the words
Against the proposed amendment fo q.
i Constitution Of the State OF Louteians
! exempting from taxation the legal re
1 serve Of life insurance companies or
i ganized under the laws Of this State
4 And each eleetor shall indicate !, as pro
the III state, whether h q votes fors d
4 against the proposed amendment
81 THOMAS G. BARRET,
II I fes1teuanf Governor and President
..'i'e S.s1s'sse Z. g. THOMAS,
Speaker of the House Of Repreaen-
Approved: August a4th, + 1sl iIA1r,
II Governor Of the State Of Louisiana
: : =. - ALVIN E. HEBERT..
Secretary of State.
r7op,a gn1 No. ). By Mr.. Robert.
Joint resolution submitting to the pee
. pie of Louisiana an amendment to tn
Constitution recognizing and remodelfn
the States system OF assessment ana Tax
J Section i. Be 1t resolved by the Ger
) eral Assembly Of the State Of Louisiana
two thirds Of all, the members electe
: flowing amendment to the Constitution {
the State of Louisiana be and the san!
is hereby submitted to the qualified cleo
tors of the, State at the Gongrgssioln'
: after the first Monday In the month {
! November in the year 1919, to-wit:
Article l.
T. The taxing power shall be excl
: cised by the State and by It's subdivis
: ions for public purposes only.
9 g. The taxing power shall never !
surrendered, suspended, given, commit
/, ted or contracted away; but where pal
5 ishes or municipal corporations sha
l grant exemptions from parish or nun
e cipal taxes for a period not to. exceed te
4 years from date of completion to 81
: courage the establishment Of industrt
: enterprises, or similar exemption to In
: migrants of the value added by them
: vacant property owned and occupied as
: homestead, such exemptions shall not
e Withdrawn either as to enterprises e
e tablished or substantially begun in goo
: fal1y acquired and improved or In got
: faith begun to improve their homestead
: since the granting of the exemption. IT
: General Assembly on behalf Of the Stat
: and the governing authorities Of all SUI
h divisions Of the State on behalf Of SUI
$ subdivision, may defer for not more ths
ha Of Savn ~,