The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1912-08-31
ACT NO. 10.

Senate Bill No Z. BY Mr.. Shaffer.
Joint resolution submitting to the
the congressional election to be held
in November. 1912. an amendment to
the Constitution Of the State exempting
from taxation for ten 1o) years from
the date of completion the capital
stock franchises and certain property
of all corporations constructing. owning
and operating within the State COM
bined system Of irrigation. navigation
and hydro-electric power, using fresh
water streams and water sheds, provtd-
ed that each system be completed and
in operat ton within five 80 years from
January list 1913, and providing FUR
Their 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 reclaimed and
brought into cultivation by irrigation.
whereby large additions will he made
tS the population and the assessed val
ue of the State; and.
so as to provide irrigation navigation
and power and it is the States duty
to encourage and promote the organi-
cation of such concerns:
eral Assembly Of the State of Louis
lana. two-thirds of all the members
elected to each house concurring, That
the following amendment to the Con
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:
There Shall be exempt from taxation
for ten G0) years from the date OF
completion the capita' stock. franchises
and property Of all corporations con-
structng. owning and operating within
the State a combined system of irriga-
ton. navigation and hydro electric pow
er, using fresh water OF Louisiana
streams. and water sheds, 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
corporeal property shall be covered by
this exemption except that which is
necessarily connected with and appur-
tenant to each canal system and form
ton extend to the assessed value that
such real estate had at the time it may
be acquired by the company; proVldeo
that the right of the State to regulat"
the diversion Of it's public waters from
their natural beds shall not be waived
by this amendment.
Section 2. Be it further resolved;
etc. That the official ballot to be used
thereon the words: For the pronosed
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 a 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 G0) years
from the date Of completion certain
new canals for irrigation. naviEation
and power purposes to be completed
within five 90 years with a 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 he votes for or
against the proposed amendment.
THOMAS c. BARRETT
Lieutenant Governor and President
l. of the Senate
L. E. THOMAS.
Speaker of the House of Represen-
tatives.
Approved: August Path. 1912
L. F.. HALL,
Governor Of the State of Louisiana
A true copy:
ALVIN E. HEBERT.
Secretary of State.