The St. Mary banner., 1912-09-07
ACT NO. 10,

Senate Bill No. = BY Mr.. Shafrer.
Joint resolution submitting to the
people of the State of Louisiana at
the congr eSSional election to he held
in November. 1912. an amendment to
the Constitution of the State exempting
from taxation for ten ti0l wears from
stock. franchises. and certain property
of all corporations constructing. owning
and operating within the State COM
bined system of irrigation. navigation
and hydro electric power, using fresh
water streams and water sheds. pYovid-
ed that each system he completed and
in operation within five 80 years from
January list. 1873. and providing fur
ther 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 nr acrpS
of land that can he rertaina,i afi
brought into cultivation bs- Ir; iEatI ON
whereby large additions VIII ts tnade
to the population and the assessed val
ne Of the state: and
Whereas. canals can he epf -fructed
SO as 10 provide irrigation. navigation
and power. and il is the States duty
to encourage and piomot" thr orSani-
"a alton of such concerns:
Section |. Be it resolved by the Cen
eral Assembly of the state Of Louis
lana, two-thirds of all the members
elected to each house concurring. That
the following amendment TO the CON
Stltutfon ne submitted TO the Hudilf led
electors of the State for their adoption
or rejection at the congressional eler-
tion to he held on tho first TUESDAY
after the first Monday in the month
of November 1872 as follows:
There shall be exempt from taxation
for ten 16) years from the date or
completion the capita- stock franchises
and property of all corporations con-
Structing. owning and operating within
the State combined system of irriga-
ton navigation and hydro electric pow
er. using fresh water of Louisiana
streams. and watersheds. provided that
each system shall he completed and in
opera ton within five tJ1 wears from
January 1St. 1919. and provided further
that not less than five million dollars
shall have been expended in the con
Struction of each system. No real nl
corporeal property shall be covered by
this exemption except that which is
necessarily connected with and appur-
tenant to each canal system and form
ing part thereof. nor shall this exemp-
tion extend to the assessed value that
such real estate had at the time il may
be acquired by the company: provided
that the right of the State to reglIlate
the diversion of its public waters from
their natural beds shall not be waived
by this amendment.
Section >. Be 1t further resolved,
etc, That the official ballot to he used
at said election shall have printed
thereon the words: For the pronosed
dHtSN1Hent TO lHe constitution ol Tue
State of Louisiana eXempting from
taxation for ten 1oy years from the
date of completion certain new canals
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 Consu
tuition OF the State of Louisiana exempt
ing from taxation for ten 1o) years
from the date of completion certain
new canals for irrigation, navigation
and power purposes to be completed
within five 90 years with a capita
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 G. BARRETT.
Lieutenant Governor and President
of the Senate
T. F. THOMAS.
Speaker of the House of Represen
tatives.
Approved: August 24th. 1912.
t. Z. HALL.
Governor of the State of Louisiana
A true copy:
ALVIN p HEBERT.
Secretary of State.