The Natchitoches enterprise., 1914-09-17
Act No. 80
Senate Bill No. go. BY Mr.. Leon r. Smith
JOINT RESOLUTION. :

Senate Bill No. 80. BY Mr.. Leon r. Smith.
JOINT RESOLUTION.
Submitting to- the people of the State Of
Louisiana at the congressional cleo
tion 10 be held in November. 1914 an
amendment TO the Constitution of the
State exempting -fr9r taxation for
ten tI0) years from the date or com
pIetion the capital stock, franchises,
and certain property of all corpora
tians constructing, owning and ope-
system OF irrigation, navigation and
hydro ele ectric power. using fresh
water. streams and water sheds,
provided that each system be
cornoleted and in operation with
in five (59 years from. January
/. 1915. and providing. fdrther that
not less than Three Million Dollars
($3 000.G000o) shall have been ex-
nended in a construction of each sys-
tenn.
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 to the population and, the
assessed value OF the State; and.
Whereas Canals can be constructed so
and power. and it is the States duty
to encourage and promote the organi-
zation of such concerns;
Section l. Be it resolved by the Cen
eral Assembly of the Stale 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
e!ectors-of the State for their adoption
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 G0) years from the date of COM
pletion, the capital stock. franchises
and property of ali corporations con-
structing. owning and operating within
the State a combined system of irriga-
tion, navigation and hydro electric pow
er, using fresh water of Louisiana
streams, and water sheds. provided that
each system be completed and in opera
tfon within five (5) years from Janu-
ery /. 1915 and provided fuftheE-that
not less than Three Million Dollars ($3,-
600 000.Q0) 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 is necessarily coRected with and
appurtenant to each canal system and
forming rart thereof; nor shall this eK-
emption extend to the assessed value
that such real estate had at the time IL
nay be aceuired bv the company; pro-
vided that the right of the state to reg
uIate the diversion of it's public waters
from their natural bed shall not be
waived by this amendment
Section g Be ii further resolved,
etc. That the official ballot to be used
ct 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 I10) years from the date
of completion certain new canals for
irrigation. navigation and power puF-
poses to be completed within five years
with canital of not less than Three
Million Dollars $1,000, 100000" And
the words: "a gairst the amendment to
the Constellation of the State of Loufsf-
ana exempting from taxation for ten
t1O1 years from the date of completion
certain new carais for irrigation. nav
igation and power purposes to be COM
pleted within five f5) years, with 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 or
against the proposed amendment.
THOMAS c. HARRIET,
Lieutenant Governor and President Of
the Senate
+. r. THOMAS.
Speaker of the House of Representatives
Approved: July &. 1914, a.
~ L. H. HALL,
Governor of the State of Louisiana.
A true copy:
ALVIN d. HEBERT, !
escretary Of State