The Era-leader. [volume] (Franklinton, La.) 1910-current, 1912-09-12

JOINT RESOLUTION
Submitting to the people of the State
of Louisiana. at the COMPRESSION
al election to be held in NOvem-
Der, 1912, an amendment to the
Constitution of the State exempt !
ing from taxation for ten (1O)
years from the date of compile.
ton the capital stock, franchises,
and certain property of all corpo-
rations constructing, owning and
operating within the State a com.
bined system of irrigation, navi-
CATION and hydro-electric power,
using fresh water streams and
water sheds, provided that each
system be completed and in op'
GRAFTON within five 90 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, nayi-
CATION and power, and it is the States
duty to encourage and promote the
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 of irrigation, navigation and
hydro-electric power, using fresh
water of Louisiana streams, and wat
er>sheds, provided that each system
shall be completed and in operation
within five (5) years from January
LIST, 1913, and provided further that
not less than five million dollars
shall have been expended in the con
structiou Of each system. No real OF
corporal property shall be covered
by this exemption except that which
IL necessarily connected with and ap
purtenant to each canal system ant
forming part thereof, nor shall thi,
exemption extend to the assessed
value that such real estate had q
the time It may be acquired by tn
company: provided that the right o
the State to regulate the diversion
Of its public waters from their natu
raj beds shall not be waived by TIL,
amendment.
Section 3. Be It further resolved
etc., That the official ballot to b.
used at said election shall have print
ed thereon the words: For the Pre-
posed amendment to the Consttu
> ton Of the State Of Louisiana e1
. empting from taxation for ten no
years from the date Of completion
certain new canals for irrigation. nav
igation and power purposes to b
completed within five years with
capital Of not less than five milliol
. dollars" and the words: "Againl
the amendment to the Constitutio
Of the State Of Louisiana exemptin
from taxation for ten 10 years frou
the date of completion certain ne,
, canals for irrigation. navigation an
. power purposes to be completed will
in five (5) years, with a capital Q
: not less than five million dollars.
7 And each elector shall indicate a
! provided in the general election law
Of the State whether he votes TO
or against the proposed amendment
| 4x1OM<1O W D~AASASA/AS
!; Lieutenant Governor and Presiden
: of the Senate.
! L. E. THOMAS,
/. Speaker of the House of Represen
), tatives.
Approved: August Gath, 1912.
L. E. HALL,
: Governor of the State Of Louisiana
= A true copy:
ALVIN E. HEBERT,
. Secretary of State.
ACT NO. II.
;. Senate Bill No. s. BY Mr.. voegtle
I JOINT RESOLUTION
Proposing an amendment to the Con
stitution of the State Of Louisl
ana exempting from taxation tn
t legal reserve of life insurance
7 companies organized under tn
laws OF this State.
|, Section One. Be it resolved by tn
n General Assembly Of. the State 0
t Louisiana, two-thirds Of all the men
:. bers elected to each house concur
..~- rlnA ~. Fnl1nuiNU amondmen