The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1914-10-03
Act No. SO

Senate BIN 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 60 the Constitution of the
ten t10} 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
water, streams and water sheds
provided that each system be
in five lb) years from January
i. 1915. and providing further that
not less than Three Million Dollars
$4,000, 100000 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 irrt-
cation, whereby large additions viii
be made to the population and, the
assessed value Of the State: and.
Whereas, Canals can pc CONSTRUCTED SO
as to provide irrigation. navigation
and power, and It IS the States duty
TO encourage and promote the organf-
eaton of such concerns:
Section !. Be 1t resolved by the Gem
eral Assembly Of the State OF Louisi-
ana two,thrds & all the members
the following amendment 60 the Consti-
tuition be submitted to the qualified
electors of the State for their adoption
or rejection at the congressional cleo
ter.the first Monday in the month Of No
verre 1914, as follows
Ther>s shalt be exempt Com taxation
for ten t10) years from the date of COM
pletion. the capital stock. franchises
and property Of all corporations con
structing Owning and operating within
the State q combined system of irriga-
ton. navigation and hydro electric pow
streams, and water sheds. provided that
each system be completed and In opera
ton within five 60 years from Janu-
airy /. 1915. and provided further that
not less than Three Million Dollars (ss,-
ooo.oo0.0o) 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 is necessarily Connected with and
appur1enant 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-
vtded that the right Of the State to reg
uiate the diversion of its public waters
from their natural bed shall not be
waived by this amendment.
Section :. Be 1t further resolved
etc, That the official ballot 30 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 G01 years from the date
of completion certain new canals for
irrigation. navigation and power ptlr-
poses to be completed within five years
with a capital Of not less than Three
Million Dollars fs5 900 ooo.oo}." And
the words: gainst the amendment to
the Constitution of the State Of Louisi-
ana exempting from taxation for ten
f101 years from the date of completion
certain new canals for irrigation, nav
fgation and power purposes TO be com
p1eted within five CD years, with cap
Ital of not less than Three Million Dol
lars" And each e1eetor shall indicate
rs provided In the general election laws
3S the State whether he votes for or
against the proposed amendment
THOMAS C. BARRRET,
Governor and President of |
the Senate
THOMAS,
Speaker of the House Of Representatives
Approved. July e. 1914
L. e. HALL
Governor OF the State of Louisiana.
true copy:
ALVIN 81 HEBERT.
Secrefary Of State. |