The Era-leader. [volume] (Franklinton, La.) 1910-current, 1912-10-31

JOINT RESOLUTION
submitting to the people of the Stat
of Louisiana, at the Congression
, al election to be held in Novem
Der, 1912, an amendment to tn,
Constitution of the State exempt
ing from taxation for ten (1O)
years from the date of comple
ton the capital stock, franchises
and certain property of all corpo
rations constructing, owning and
operating within the State com.
bined system of irrigation. nayi.
cation and hydro-electric power
using fresh water streams and
water sheds, provided that each
system be completed and in Oh.
Grafton within five 60 years from
January LIST, 1918, 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 bv ir-
rlgation, whereby large additions will
be made to the population and the
assessed value of the State; and,
whereas, canals can be construct
cd so as to provide irrigation, nayi.
gatlon and power, and it is the States
duty to encourage and promote the
organization Of such concerns:
Section 1. Be it resolved by the
General Assembly of the State of
Louisiana, two-thirds of all the mem.
bers elected to each house concur
ring. That the following amendment
to the Constitution be submitted IN
the qualified electors of the Stale
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
tlon for ten (1O) years from the date
OF completion, the capital stock. fran.
cnlses and property of all corpora
tons 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
snail be completed and in operation
within five (5) years from January
lst. 1913, and provided further that
not less than five million dollars
snal4 have been expended in the con. |
'tructlon of each system. No real or
corporal property shall be covered !
~ this exemption except that which |
- necessarily connected with and an
purtenant to each canal system and I
orming 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
No State to regulate the diversion
4 its public waters from their natu.
al beds shall. not be waived by this
mendment.
Section 2. Be it further resolved.
&C.. That the official ballot to be
sea at said election shall have print.
q thereon the words: For the pro-
osed amendment to the Constitu-
on Of the State Of Louisiana e.
mpting from taxation for ten (1O)
ears from the date Of completion
ertain new canals for irrigation, nav.
alton and power purposes to be
'mpleted within five years with
'pital OF not less than five million
ollars." and the words: Against
!e amendment to the Constitution
the State Of Louisiana exempting
ON taxation for ten 90 years from
le date OF completion certain new =
|nals Tor irrigation, navigation and -
'wer purposes to be completed with. :,
five (5) years with a capital of Y
It less than five million dollars ;" =
ID each elector shall indicate as q,
DIVIDED in the general election laws ~
the State whether he votes for ~
against the proposed amendment, :"
THOMAS C. BARRETT. \
eutenant Governor and President W
of the Senate. bt
L. E. THOMAS. G.
eaker OF the House of Represen- 81
tatives. nj
proved: August oath, 1912.
L. E. HALL, pr
vernon of the State of Louisiana
true copy: so
ALVIN E. HEBERT, IN
Secretary of State. &c
ca
rO
ACT NO. II. ele
he
late Bill No. 8. By Mr.. Voegtle. 10y 40,
JOINT RESOLUTION I lin
posing an amendment to the Con. ref
stitution of the State of Louisi- otn
ana exempting from taxation the ~ ro
legal reserve of life insurance tug
companies organized under the era
laws of this State. tic'
ection One. Be it resolved by the ond
eral Assembly of the State of Jun,
isiana, two-thirds of all the men, be
elected to each house concur. ran
!, That the following amendment S Se"s
he Constitution of the State be c,,I