The Madison journal. (Tallulah, Madison Parish, La.) 1888-current, 1914-08-29
Act No. 80

Senate Bill No. So. 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 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
lions 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
5000. 000.0O) shall have been ex-
pended in a construction Of each sys-
TEN.
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
as to provide irrigation. navigation
and power. and II is the States duty
to encourage and promote the organi-
zation of such concerns:
Section /. Be IL resolved by the Cen
eral Assembly Of the State OF Louisi-
ana. two-thirds OF all the members
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 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 UO 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 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 (5) years from Janu-
airy l, 1915, and provided further that
not less than Three Million Dollars ($3,-
000. 100000 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
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 1t
may be acquired by the company; pro-
vided that the right of the State to reg
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 U0) years from the date
of completion certain new canals for
irrigation. navigation and power pur-
poses to be completed within five years
with a capital of not less than Three
Million Dollars $4,000. 900. 0O)." And
the words: Against the amendment to
the Constitution Of the State of Louisi-
ana exemptng 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.. f.. THOMAS
Speaker of the House OF Representatives
| Approved: July s. 1914.
| L. T. HALL.
| Governor of the State of Louisiana
| A true copy:
ALVIN +. HEBERT,
Secretary of State