The Era-leader. [volume] (Franklinton, La.) 1910-current, 1912-09-05

! JOINT RESOLUTION
submitting to the people of the State
or Louisiana, at the COMPRESSION
al election to be held in Noyem
Der, 1912, an amendment to the
constitution of the State exempt
ing from taxation for ten 10)
years from the date of compile.
ZION the capital stock, franchises
and certain property Of all corpo.
ratlons constructing, owning and
operating within the State a com.
bined system Of irrigation, nayii-
cation and hydro.electric power,
using fresh water streams and
water sheds, provided that each
system be completed and in 3D.
Grafton within five CO years from
January 1st, 1913, 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-
rlgatlon, whereby large additions will
De made to the population and. the
assessed value of the State: and,
whereas, canals can be construct
ed so as to provide irrigation, nayi-
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.
oers elected to each house concur
ring. That the following amendment
to the Constitution be submitted to
the qualified electors of the State
lor their adoption or rejection at the
congressional election to be held on
the first Tuesday after the first
Monday in the month of November.
There shall be exempt from taxa
ton for ten (1O years from the date
OF completion, the capital stock. fran
chses and property of all corpora.
tons constructing, owning and oper.
atlng within the State a combined
system of irrigation, navigation and
hydro'electric power, using fresh
water OF Louisiana streams, and wat
ersheds, provided that each system
enal be completed and in operation
within five (5) years from January
LIST, 1913, and provided further that
not less than five million dollars
'aau have been expended in the con.
'truction Of each system. No real or
'orporeal property shall be covered
" this exemption except that which
3 necessarily connected with and ap.
9urteaant to each canal system and
ofming part thereof, nor shall this
exemption extend to the assessed
,alue that such real estate had at |
ne time 1t may be acquired by the
company; provided that the right Of |
ne State to regulate the diversion
4 It's public waters from their natu.
a. beds shal! not be waived by this
mendment.
Section 2. Be it further resolved. !
&C.. That the Official ballot to be !
sed at said election shall have print.
q thereon the words: For the bro.
osed amendment to the Constitu.
on Of the State Of Louisiana ex.
mpting from taxation for ten (10)
ears from the date Of completion
britain new canals for irrigation, nav.
'ation and power purposes to be
ompleted within five years with a
lpita OF not less than five million
ouars." and the words: Against
le amendment to the Constitution
the State Of Louisiana exempting
ON taxation for ten 90 years from
10 date OF completion certain new
mails for irrigation. navigation and ,
'wer purposes to be completed with. !,
five (5) years with a capital of
1t less than five million dollars"
nd each elector shall indicate "A
divided in the general election laws :
the State whether he votes for =
against the proposed amendment.
THOMAS C. BARRETT.
eutenant Governor and President '
of the Senate.
L. E. THOMAS. G
'eaker of the House of Represen. S
tatives. n
proved: August oath, 1912.
l.. E. HALL, p
vernon of the State of Louisiana
true copy: 81
ALVIN E. HEBERT, Il
Secretary of State. q
ACT NO. II. ell
nate Bill No. 8. BY Mr.. Voegtle. - -
JOINT RESOLUTION II,
'posing an amendment to the Con. re
stitution Of the State of Louisi. OF
ana exempting from taxation the ~ ~
legal reserve of life insurance tn
companies organized under the err
laws of this State. tic
lection One. Be it resolved by the VI.
leral Assembly Of the State of I'M
lisiana, two-thirds of all the mem. be
8 elected to each house concur. RAJ
:, That the following amendment Sc
a.