The Era-leader. [volume] (Franklinton, La.) 1910-current, 1912-08-29

JOINT RESOLUTION
Submitting to the people of the State
of Louisiana, at the Congression'
al election to be held in Novem-
Der, 1912, an amendment to the
Constitution of the State exempt
ing from taxation for ten lO)
years from the date of compile
ton the capital stock, franchises,
and certain property OF all corp0
rations constructing, owning and
operating within the State 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 (5) 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 by r.
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, navi'
CATION and power, and it is the States
duty to encourage and promote the
organization of such concerns:
Section i. Be it resolved by the
General Assembly Of the State OF
Louisiana, tw0.thirds Of all the men,
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 he'd 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, 1918, and provided further that
not less than five million dollars
shall have been expended in the con
struction of each system. No real Of
corporal property shall be covered
by this exemption except that which
is necessarily connected with and ap
purtenant to each canal system ant
forming part thereof, nor shall THU
exemption extend to the assessed
: value that such real estate had a
the time it may be acquired by tn
company; provided that the right
the State to regulate the diversion
Of its public waters from their natu
5 raj beds shall not be waived by TIL
|. amendment.
Section 2. Be it further resolves
= etc., That the official ballot to b
used at said election shall have prin
!. ed thereon the words: For the pr
posed amendment to the Constit'
- ton OF the State Of Louisiana e.
empting from taxation for ten (10
: years from the date of c0mpletto
certain new canals for irrigation. ma
e igation and power purposes to b
:, lcompleted within five years with
y capital of not less than five millio
l. dollars" and the words: Again
r the amendment to the Constitute
It OF the State of Louisiana exemptin
:, from taxation for ten 10 years fro1
. the date Of completion certain ne
y canals for irrigation. navigation an
Of power purposes to be completed wit
r. in five (5) years with a capital I
~ not less than five million dollars
y And each elector shall indicate ,
u provided in the general election Law
t: Of the State whether he votes Il
u or against the proposed amendmen
d., THOMAS C. BARRET,
Of Lieutenant Governor and Preside
III Of the Senate.
of L. E. THOMAS.
H. Speaker OF the House of Represe
er tatives.
g. Approved: August gath. 1912.
ne L. E. HALL,
ed Governor of the State of LOuisfan
is "A true copy:
x. ALVIN E. HEBERT,
pit Secretary of State.
lr-{ ACT NO. H..
~ Senate Bill No. 8. BY Mr.. Voegt
70. -
ell JOINT RESOLUTION
x. Proposing an amendment to the ca
ro- stituti0n Of the State Of L0ui
nc ana exempting from taxation
mt legal reserve Of life tnsuran
by companies organized under t
laws OF this State.
w. Qocfinn Ono Pc II resolved BY