The Natchitoches enterprise., 1914-08-27
Act No. 80
Senate Bill No. 81. By Mr.. Leon H. Smith
JOINT RESOLUTION

Senate Bill No. 81. BY Mr. Leon r. Smith.
JOINT RESOLUTION.
Submitting to the people of the State OF
Louisiana. at the congressional cleo
tion 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
tions constructing, owning and ope,
system of irrigation. navigation and
water streams and water. sheds,
provided that each system be
in five (5) years from January
/. 1915, and providing further that
not less than Three Million Dollars
$4,000 000.00) shall have been ex-
pended in construction Of each sys-
Whereas, The State of Louisiana has
large areas comprising millions of
acres of land that can be reclaimed
and brought into cultivation by irri-
cation whereby large additions will
be made 10 the population and. the
assessed value of the State: and
Whereas Canals can be constructed so
as to provide irriga tion, naviga ation
and power and 1t is the States duty
to encourage and promote the organi-
zation of such concerns;
Section /. Be IT resolved by the Cen
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
or rejection at the congressional cleo
tion to be held on the first Tuesday af
ter the first Monday in the month of No
vember. 1914, as follows:
There shall be exempt from taxation
for ten q0) years from the date Of com
pIetfon the capital stock. franchises
and property of all corporations con-
gtructing, owning and operating within
the State a combined system Of irriga-
tion. navigation and hydro-electric pow
err using fresh water of Louisiana
streams and water sheds, provided that
each system be completed and In opera
ary 1, 1915, and provided further that
not less than Three Million Dollars S3,=
600, ,000.00) shall have been expended In
the construction or each system No
real or corporal property shall be cov-
cred by this exemption except that
which is necessarily Connected with and
appurtenant to each canal system and
forming part thereof: nor shall this ex-
e,upfion extend to the assessed value
that such real estate had at the time it
may be. acquired by the company; pro-
vfded that the rtrht of the State to reg
uIate the diversion of its public waters
from their natural bed shall not be
waived by this amendment.
Section q Be IL further resolved,
etc. That the official ballot to be used
At tss said election shall have printed
thereon the words: For the proposed
amendment to the Constitution of the
State of Louisiana exempting from taxi
alton for ten t101 years from the date
of completion certain new canals for
Irritation. navigation and power pur-
poses to be completed within five years
with a capital of not less than Three
Million Dollars fs3, 900. 100000" And
the words. against the amendment to
the Constitution Of the state of Louisi-
ana exempting from taxa ton for ten
f19l years from the date of completion
certain new canals for irrigation. nav
igatfon and power purposes TO be conn
pieted within five (5l wears, with cap
ital of not less than. Three Million Dol
lars" Ard each elector shall indicate
as provided in the general election laws
of the State whether he votes for or
against the proposed amendment.
THOMAS C. BARRRET.
Lieutenant Governor and President Of
the Senate
Z. f. THOMAS,
Speaker OF the House or Representatives.
Approved: July s. 1914.
L. E. HALL.
Governor of the State of Louisiana.
4 true copy.
ALVIN e. HEBERT.
Secretary Of stats.