The Rice belt journal., 1914-09-01
Act No. 90
Senate BIZ No. 80. BY Mr. Leon r 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 tn be held in November, 1914, an
amendment to the Constitution of the
state eXempting from taxation for
ten (1O) years from the date Of com
pletion the capital stock. franchises,
and certain property of all corpora
7 tiOns constructing, owning and one
rating within the State combined
' system of irrigation. NAVIGATION and
hydrO-eleCtric power, using fresh
water streams and water sheds,
provided that each system be
completed and in operation with
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 eagh sys-
TEN.
Whereas, The State of Louisiara 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 he constructed So
as to provide irrigation, navigation
and power. and it is the States duty
cation of such concerns;
Section l. Be IT resolved by the Gem
teval Assembly of the State of I,ouisi-
ana, two-thirds of all the members
elected to each House concurring that
the following amendment to the Corsti-
tuition be submitted to the qualified
electors of the State for their adoption
or rejection at the congressional cleo
fion to be held on TIE first Tuesday af-
ter the first Monday in the month of No
vember, 1914. as follows:
There shall be exempt from taxation
for ten 00) years from the date of com
pletiOn. the capital stock, franchises
and property of all corporations CON
Structing, owning and operating within
the State a combined system of irriep
tion. navigation and hydro-electrir now
ier using fresh water of Louisiana
streams, and water sheds. provided that
each system he completed and in opera
zion within five (5) yearS from Ianu-
Rry l. 1915, and provided further tha t
not less than Three Million Dollars (&3.-
09O,OOOOO) shall bave been expended in
tine construction of each system No
'Teal or corporal pronerty shall be Gov
tered 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
tuat Such real estate had at the time il
may be ACQUIRED by the company: pro-
Nlded that the right of the State to reg
ulate the diversion of its public waters
from their natural he'd shall not be
waived by this amendment
Section 2, BE il further resolved
etc, That the official ballot to be usa7
al the said election shall have printed
thereon the words: For the propospd
@nendmeHt S.a to the Constitution Of the
SKATE OF Louisiana eXempting from tax.
alton for ten (lO) wears from the da ate
o4 completion certain new canals fof
Srrigation, navigation and mower pur.
poses 10 be completed within five wears
win capital of not less than Three
Million Iiollars tS3, 900. 600. 00),'' And
the words. Against the amendment tc
the constitution of the State Of Iouisi.
ana eSempttng from taxation for tar
tI0l years from the date of ronDletiDr
certain new canals for irrigation. nav.
fgation and power purposes TO be com.
pteted within five t5l years with ran.
ieal OF not less than Three Million Dol
lars And each eIector shall indicstf
as provided In the general election laws
or the State whether he votes for on
against the proposed amendment.
THOMAS c. BARRRET.
Lieutenant Governor and President OF
the Senate
l.. F. THOMAS,
SEeaker OF the House Of REPRESENTATIVE
approved: July 6, 1914.
L. E. HALL,
Governor OF the State Of Louisiana
ALVIN II. HEBFRT,
Secretary Of Stat@ ia TNg