The Madison journal. (Tallulah, Madison Parish, La.) 1888-current, 1914-10-10
Act No. 80
senate Bill No. So. by Mr.. Leon r. Smith.
JOINT RESOLUTION.

senate Bill No. 50. 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 GO) wears from the date of COM
pletion the capital stock, franchises,
and certain property OF all corpora
tions constructing, owning and ope-
system OF irrigation. navigation and
hydro-electric power. using fresh
water. streams and water sheds.
provided that each system be
in five (5) years from January
1. 1915. and providing further that
not less than Three Million Dollars
$4,000, Oo0.00) shall have been ex-
pended in a construction of each sys-
TEN.
Whereas. The State of Louisiana ha.
large areas comprising millions OF
acres of land that can be reclaimed
and brought into cultivation nv 1rri,
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-
cation of such concerns:
Section I. Be II resolved nv the Cen
eral Assembly of the State OF Louisi-
ana. two-thirds OF all the members
elected to each House concurring that
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 (1O) years from the date Of COM
tka ranifal Stnrk
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 Louisians
streams, and water sheds. provided that
each system be completed and in opera
| ton within five go years from Janu-
airy l, 1915, and provided further that
| not less than Three Million Dollars 49,
600. 900 OO) shall have been expended In
| the construction of each system. NJ
real or corporal property shall be Gov
| cred by this exemption except thai
| which il necessarily Connected with anC
| appurtenant to each canal system anC
| forming part thereof: nor shall this ex
| emption extend to the assessed valu'
| that such real estate had at the time 1
may be acquired by the company; pro
| vided that the right of the state TO reg
ulate the diversion of it's public water
from their natural bed shall not b.
waived by this amendment.
| Section 2. BE II further resolved
etc. That the official ballot to be use
at the said election shall have printe
| thereon the words: For the proposes
| amendment TO the Constitution of tn
State Of Louisiana exempting from tax
alton for ten G0) years from the dat
of completion certain new canals 70
irrigation, navigation and power pur
poses to be completed within five year
with a capital of not less than Thre
Million Dollars $4,000 600 00)." An
the words: Against the amendment I
the Constitution Of the State of Louis
ana exempting from taxation for tie
| GOD years from the date of completio
certain new canals for irrigation. nav
iCation and power purposes to be con
pleted within five go wears. with a car
ital of not less than Three Million Do
lars" And each elector shall indicat
; as provided in the general election law
OF the State whether he votes for {
! against the proposed amendment.
THOMAS c. BARRRET,
Lieutenant Governor and President {
the Senate.
J l.. r. THOMAS.
Speaker of the House of Representative
Approved: July s. 1914.
l.. f.. HALL.
Governor of the State OF Louisian
A true copy:
ALVIN F. HEBFRT.
= Secretary OF State.