Lower coast gazette., 1914-09-19

approved July y, ISli.
l.. E. HALL,
Governor of the State of Louisiana.
A true copy:
ALVIN E. HEBERT,
Secretary of State.
ACT NO. 80.
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
err, using fresh water streams and
water sheds, provided that each system
be completed and in operation within
five 60 years from January l, 1915,
and providing further that not less
lluu IuIcc NlilllOA hOlluio NPoSVOOS
OOO.00) 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 organlza-
ton of such concerns:
Section /. 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 (1O) 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 water
sheds, provided that each system be com
pleted and in operation within hve w.
years from January ], 1918, and providet
further that not less than Three Million
Dollars $4,000 ,0O0.0O) shall have beer
expended in the construction of eacn sys
TEN. No real or corporal property snal
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 its public waters from thel
natural bed shall not be waived by TN
amendment.
Section 2. Be it further resolved, etc
{ That the official ballot to be used at tn
said election shall have printed thereo
the words "For the proposed amendmen
TO the Constitution of the State OF Lou
siana exempting from taxation for te
!, (1O) years from the date Of conpletlo
certain new canals for irrigation, naylg'
!. ton and power purposes to be c0mpiet
t within five years with a capital OF NJ
less than Three Million Dollars (.$3,OO0
4 OOO.OO)." And the words: Against II
amendment to the Constitution OF tt
State of Louisiana e%xempting from tax
ton for. ten (1O) years from the da'
of completion certain new canals Tor 1
~rigation, navigation and power purpos
!, to be completed within five, 20 year
q with a capital of not less than Three MI
lion Dollars" And each elector sna
Indicate as provided in the general ele
ton laws of the State whether ne vot
y for or against the proposed amendmel
h THOMAS G. BARRETT,
Lieutenant Governor and President or 6
Senate.
q L. e. THOMAS,
Sneaker of the House Of Representative
!, Approved: July 9Th, 1914.
,o l.. E. HALL,
le Governor of the State OF LoulslaI
N A true copy:
" ALVIN e. HEBERT,
lt Secretary of State.