The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1912-10-26

JOINT RESOLUTION
Submitting to the people OF the state
of Louisiana, at the Congresslon-
al election to be held in NoVem- |
her 1912, an amendment to the
Constitution of the State exempt /
ing from taxation for ten (l0) |
wears from the date Of compile /
ton the capital stock, franchises.
and certain property of all corpo-
ratfons constructing, owning and
operating within the State q com
bined system Of irrigaton, navi-
CATION and hydro-electric power,
using fresh water streams ana
water sheds, provided that each
system be completed and IN op-
Grafton within five (5) 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 IT.
rigation, whereby large additions will
be made to the population and, the
assessed value of the State; and,
Whereas, canals can be construct
| ed so as to provide irrigation, nayl-
cation and power, and it is the State
| xJ,,f, To nrOmOtn
organization of such concerns:
Section /. 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 to
the qualified electors of the State
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
ton for ten (10) years from the date
Of completion, the capital stock, fran
chises and property of all corpora
tons constructing, owning and oper
ating within the State combined
system OIL IlElSdtlO4i, AGiN AsooAepOh GU y
! hydro-electric power, using fresf
water of Louisiana streams, and wat
er-sheds, provided that each system
shall be completed and in operation
within five 60 years from January
LIST, 1913, and provided further thai
not less than five million dollars
shall have been expended in the con
struction of each system. NO real OF
corporal property shall be coVeret
by this exemption except that Whlcf
is necessarily connected with and ap
purtenant to each canal system ant
forming part thereof, nor shall TINS
exemption extend to the assessed
value that such real estate had a
the time it may be acquired by th'
company; provided that the right o
the State to regulate the diversion
OF it's public waters from their natu
raj beds shall. not be waived by TIL.
amendment.
Section 2. Be it further resolved
etc., That the official ballot to bt
used at said election shall have print
ed thereon the words: For the pro
posed amendment to the Constitu
/, ticn of the State Of Louisiana eS
: empting from taxation for ten 10
years from the date of completion
certain new canals for irrigation, nav
igation and power purposes to D.
completed within five years with ;
{ capital of not less than five milllol
dollars" and the words: "Agains
the amendment to the Constitution
of the State of Louisiana exemptlnl
[ from taxation for ten Go years from
f the date of completion certain ne1
y canals for irrigation, navigation an'
9 power purposes to be completed with
l in five 90 years with a capital
: not less than. five million dollars.
Y And each elector shall indicate a
b provided in the general election law
. OF the State whether he votes TO
: or against the proposed amendment
THOMAS C. BARRETT,
:, Lieutenant Governor and Presiden
\ of the Senate.
= !. L. E. THOMAS.
= Speaker of the House Of Represer
= tatives.
: Approved: August oath, 1912.
. L. E. HALL,
= Governor of the State Of Louisiana
c A true copy.
: ALVIN E. HEBERT,
= Secretary of State.