The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1912-08-31

elected to each house concurring. That
the following amendment to the Con-
stitutfon be submitted to the qualified
electors of the State for their adoption
or rejection at the congressional cleo
ton to be held on the first Tuesday
after the first Monday in the month
of November, 1912. as follows:
for ten (10) years from the date of
completion the capitas stock, franchises
and property Of all corporations con-
structing, owning and operating within
the State a combined system OF trriga-
ton, navigation and hydro-electrfc pow
er, using fresh water Of Louisiana
streams, and watersheds, provided that
each system shall be completed and in
operation. within five 90 years from
January LIST. 1913. and provided further
that not less than five million dollars
shall have been expended in the con-
struction of each system. No real or
corporal property shall be covered by
this exemption except that which Is
necessarily connected with and appur-
tenant to each canal system and FORM
ing part thereof. nor shall this exemp-
| ton extend to the assessed value that
such real estate had at the time 1t may
be acquired by the company: provided
| that the right Of the State to regulate
the, diversion Of its public waters from
by this amendment.
Section 2. Be 1t further resolved.
ETC., That the official ballot to be USED
at said election shall have printed printed
amendment to the Constitution of the
State Of Louisiana exempting from
taxation for ten (10J years from the
date of completion certain new canals
for irrigation: navigation and power
purposes to be completed within five
years with q capital of not less than
five million dollars" and the words:
Against the amendment to the Consti-
tuition Of the State Of Louisiana exempt
ing from taxation for ten (10) years
from the date of completion certain
new canals for irrigation. navigation
and power purposes to be completed
within five go years with capital
of not less than five million dollars"
And each elector shall indicate as pro-
vided in the general election laws OF
the State whether be votes for or
Ae@ 40 THOMAS G. BARRET.
Lieutenant Governor and President
of the Senate.
Speaker Of the House of Represen-
L. e. HALL.
Governor Of the State Of Louisiana
ALVIN e HEBERT.
Secretary OF State.
Aor no. IL.
Senate Bill No. 8. BY Mr.. voegtle.
Joint resolution proposing an amend
ment to the Constitution of the State
| of Louisiana exempting from taxation
the legal reserve of life insurance COM
panies organized under the laws Of this
Section /. Be IT resolved by the
General Assembly Of the State of Lou
| isiana, two-thirds Of all the members
L Al fod IN TQaI
| the following amendment to the Con-
stitution of the State be submitted to
the qualified electors OF the State Tor
| their adoption or rejection at the con-
gressionai election to be held on the
first Tuesday after the first Monday in
the month Of November. 1912. as fol-
| lows:
There shall be exempt from all tax
alton the legal reserve Of life insurance
companies organized under the laws OF
| this State.
Section .. Be It further resolved;
etc. That the official ballot TO De , useI
thereon the words: For the proposed
amendment to the Constitution Of the
State OF Louisiana exempt1ng from all
taxstion the legal reserve r,.d Of r i'fs I'M r.,
| laws Of this State" and the words;
Against the proposed amendment to the
Constitution Of the State OF Louisiana
exempting from taxation the legal re-
ganized under the laws of this State
And each elector shall indicate as pro-
vided by the general election laws OF
the State, whether ne votes for OF
'e ~ THOMAS G. BARREr,
Lieutenant Governor and President
of the Senate.
Speaker Of the House of Represen-
Approved: August oath. 1872
Governor of the State Of Louisiana
j ALVIN e. HEBERT.
Secretary Of State.
ACT No ".
House Bill No. 2. BY Mr.. Roberts
i Joint resolution submitting to the peo-
Constitution reorganizing and remodelins
the States system Of assessment and tax
alton
eral Assembly of the State Of Louisiana
two thirds OF all the members elected
to each House concurring, That the fol-
lowing amendment to the Constitution OF
the State Of Louisiana be and the same
is hereby submitted to the qualified eIec-
tors Of the State at the Congressiona
election to be held on the first Tuesday
after the first Monday n the month Of
November in the xrt year ! 1872 to-wit;
l. The taxing power shall be exer-
cised by the State and by its subdivis-
ions for public purposes only.
! 2. The taxing power shall never be
surrendered, suspended. given, commu-
ted or contracted away: but where par
fishes or municipal corporations shall
grant exemptions from parish or NUM-
cipal taxes for a period not to exceed ter
years from date Of completion to en-
courage the establishment Of industrial
enterprises or similar exemption to i'm
migrants Of the value added by them to
vacant property owned and occupied as q
withdrawn either as to enterprises es-
| tablished or substantially begun in good
faith, or to immigrants who have actu-
ally acquired and improved or In good