The Madison journal. (Tallulah, Madison Parish, La.) 1888-current, 1914-09-26
Act No. 80

Senate Bill No. SO. nv 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 G0) years from the date of COM
pletion the capital stock. franchises.
and certain property of all corpora
lions constructing, owning and ope-
system of irrigation, navigation and
hydro-electric power. using fresh
water. streams and water sheds
provided that each system be
in five 60 years from January
!, 1915. and providing further that
not less than Three Million Dollars
$4,000, 100000 shall have been ex-
Whereas, The State of Louisiana has
large areas comprising millions OF
acres of land that can he reclaimed
and brought into cultivation by irri-
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. navigation
and power. and it is the States duty
to encourage and promote the organf-
Zation of such concerns;
Section I. BE II resolved by the Cen
eral Assembly OF tne SIdIe OF LOUISE
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 he 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 QO) years from the date of COM
pletion. the capital stock. franchises
and property of all corporations con-
structing. owning and operating within
the State combined system OF irriga-
ton. navigation and hydro electric pow
er, using fresh water of Louisiana
streams, and water sheds. provided that
each system be completed and in opera
ton within five 60 years from Janu-
airy l. 1915. and provided further that
not less than Three Million Dollars Cs3.-
000, 000.00) shall have been expended in
the construction of each system. No
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-
| emption extend to the assessed value
that such real estate had at the time Ii
may be acquired by the company; pro-
vided that the right of the State to reg
| ulate the diversion of its public waters
| from their natural bed shall not be
| waived by this amendment
| Section 2. Be II further 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 G0) years from the date
| of completion certain new canals for
| irrigation. navigation and power pur-
poses to he completed within five years
| with capital of not less than Three
| Million Dollars $4,000. 900. 00)." And
the words: Against the amendment 10
the Constitution of the State of Louisi-
! ana eXempting from taxation for ten
| G0) years from the date Of completion
| certain new canals for irrigation, nav
| igation and power purposes to be com
| pleted within five go years, with a cap
| ital of not less than Three Million Dol
| lars" And each elector shall indicate
| as provided in the general election laws
of the State whether he votes for OF
| 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.. +. HALL.
| Governor of the State OF Louisiana
| A true copy:
| ALVIN T.. HEBERT.
| Secretary of State.