Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1914-09-25
Act No. 80

Senate Bill No. 81. by Mr.. Leon r. Smith
JOINT RESOLUTION.
Submitting to the people Of the State of
Louisiana. at the congressional cleo
ton to be held in November. 1914. an
amendment to the Constitution Of the
State exempting from taxation for
ten 10) years from the date Of COM
pletion the capital stock. franchises
and certain property Of all corpora
rating within the State a combined
system Of irrigation. navigation and
hydro-electric power, using fresh
water. streams and water sheds.
provided provided that that each system be
in five go years from January
L. 1915, and providing further tina,
not less than Three Million Dollars
$4,000. 000.0O shall have been ex-
pended IN a construction Of each sys-
Whereas. The State OF Louisiana ha.
large areas comprising millions of
acres of land that can he reclaimed
cation. whereby large additions will
be made to the population and. the
assessed value Of the State: and.
Whereas. Canals can be constructed SO
as to provide. irrigation. naviEztion
and power. and 1t is the States duty
to encourage and promote the organi-
xation of such concerns:
Section 1. Be II resolved by the Gen.
eral Assembly Of the State Of Louisi-
ana. two-thirds of all the members
elected to each House concurring. that
the following amendment to the Consti-
tuition 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 az
ter the first Monday in the month OF No
vember. 1914. as follows:
There shall be exempt from taxation
for ten (10) years from me date Of COM
pIetion. the capital stock. franchise
and property of all corporations con-
structing. owning and operating within
the State a combined system OF frriea-
ton. navigation and hydro electric pow
streams and water sheds. provided that
each system be completed and in opera
ton within five (5) years from Janu-
not less than Three Million Dollars f ga.
900. OOO.0O shall have been expended in
the construction of each system. No
real or corporal property shall be COW
cred by this exemption except that
which Ii necessarily connected with and
appurtenant to each canal system and
forming part thereof: nor shall this ex-
emption extend to the assessed value
that such real estate had at the time II
vided that the right of the State to reg
ulate the diversion OF it's public waters
from their natural bed shall not be
waived by this amendment
SectIon 2. be IL rurther resolved,
etc. That the official ballot to be used
at the said election shall have printed
thereon the words: For the proposed
amendment to the Constitution OF the
State Of Louisiana exempting from tax
alton for ten (10) years from the date
OF completion certain new canals for
irrigation. navigation and power pur-
poses to be completed within five wears
with capital of not less than Three
Million Dollars $4,000. 900 0O)" And
the words: Against the amendment 70
the Constitution of the State Of Louisi-
ana exempting from taxation for ten
u0) years from the date OF completion
certain new canals for irrigation. nav
igatfon and power purposes to be COM
pleted within five go years. with a can
ital OF not less than Three Million Dol
lars. And each elector shall indicate
as provided In the general election laws
or the State whether he votes for or
against the proposed amendment
THOMAS G. BARRRET
Lieutenant Governor and President of
the Senate
l.. +. THOMAS.
Speaker of the House of Representatives.
Approved: July s. 1914.
l.. T.. HALL.
Governor of the State Of Louisiana.
A true copy:
ALVIN +. HEBERT.
Secretary of State.