Lower coast gazette., 1914-10-24

llloMAS 4. D.AlkNEll,
Lieutenant Governor and President Of the
Senate.
Approved July 6, 1914.
L. Il. HALL.
Governor of the State of Louisiana.
a true copy:
ALVIN Il. HILBERT,
Secretary of State.
ACT NO. 90.
Senate Bill No. 80 By Leon r. Smith
JOINT RESOLUTION.
Submitting to the people of the State Of
Louisiana, at the confessional election
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 completion
the capital stock, franchises, and GER
tain property of all corporations con-
structing, owning and operating within
the State a combined system of irriga-
ton, navigation and hydrO-electric pow
cr, using fresh water streams and
water sheds, provided that each system
be completed and in operation within
five (5) years from January l, 1915,
and providing further that not less
than Three Million Dollars ($3,OOO,-
10000 shall have been expended in a
construction of each system.
Whereas, The State of Louisiana has
large areas comprising millions of acres
Of land that can be reclaimed and
brought into cultivation by irrigation,
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 organiza-
ton of such concerns:
Section l. Be it resolved by the Gen
eral Assembly of the State Of Louisiana,
two-thirds Of all the members elected to
each House concurring, that the follow
ing amendment to the Constitution be
submitted to the qualified electors of the
State for their adoption or rejection at
the congressional election to be held on
the first Tuesday after the first Monday
in the month of November, 1914, as fol.
lows:
There shall be exempt from taxation
for ten (10) years from the date of com.
| pletion, the capital stock, franchises and
property of all corporations constructing
owning and operating within the State
a combined system of irrigation, naviga
ton and hydro-electric power, using fresh
water of Louisiana streams, and Watel
sheds, provided that each system be com
pleted and in operation within five (5)
years from January l, 1915, and provided
further that not less than Three Million
Dollars $4,000, 100000 shall have beer
expended in the construction of each sys
TEN. No real or corporal property sinai
be covered by this exemption except tina
which is necessarily connected with ant
appurtenant to each canal system ant
forming part thereof, nor shall this ex
emption extend to the assessed value tina
such real estate had at the time it ma.
be acquired by the company; provided
that the right Of the State to regulate tn
diversion of it's public waters from thei
natural bed shall not be waived by TIL
amendment.
Section 2. Be it further resolved, etc,
That the official ballot to be used at tn
said election shall have printed Thereon
the words: For the proposed amendment
TO the Constitution of the State OF Loul
siana exempting from taxation tor tel
(1O) years from the date OF conpletlo1
certain new canals for irrigation, naviga
ton and power purposes to be complete
within five years with a capital OF no
less than Three Million Dollars ($3,OOO
OOO.OO)." And the words: Against tn
amendment to the Constitution OF tn
State of Louisiana exempting from taxa
ton for ten (1O) years from the dat
of completion certain new canals TOR II
rigation, navigation and power purpose
to be completed within five 20 year,
with a capital of not less than Three MI
lion Dollars" And each elector sha
indicate as provided in the general ele'
ton laws of the State whether ne vote
for or against the proposed amendmen
THOMAS G. BARRETT,
Lieutenant Governor and President OF tt
Senate.
L. f. THOMAS,
Sneaker of the House of Representative
Approved: July 9th, 1914.
l.. e. HALL,
Governor of the State of Loulslan'
A true copy:
ALVIN E. HEBERT,
: Secretary Of State.