The Natchitoches enterprise. (Natchitoches, La.) 1888-1965, 1914-10-08
Act No. so
senate Bill No. g. BY Mr. Leon r. Smith.
JOINT RESOLUTION.

Senate Bill No. 81. BY Mr.. Leon r. Smith.
JOINT RESOLUTION.
to the people of the State Of
Louisiana. at the congressional cleo
tion to he held in November. 1914, an
amendment to the Constitution of the
State exempting from taxatlon Tor
ten (10) years from the date of com
pletion the capitai stock. franchises,
and certain property of all corpora
tons constructing, owning and ope-
rating within the State combined
svstem of irrigation. navigation and
hyHro-electric power. usiAg fresh
water streams and water sheds,
provided that each system be
completed and in operation with
in five t5l years from January
/, 1915. and providing further that
not less than Three Million Dollars
fS3 GEO 100000 $sall have been ex-
pended in a construction of each ssys-
tenn.
Whereas. The State of Louisiana has
large areas comprising millions of
acres of land that can be reclaimed
and brought into cultivation by trrt-
cation, whereby large additions Will
he 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 ii is the States duty
to encourage and promote the organi-
zation of such concerns;
Section 1 Be IL resolved by the Gem
eral Assembly of the State Of Louisi-
ana. two thirds OF all the members
elects TO each House concurring. that
the Following amendment TO the Consti-
tuition pe submitted to the qualified
electors Of the State for their adoption
or rejection at the congressional cleo
tian 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 (10) years from the date of COM
pletion. the capital stock. franchises
and property of all corporations con-
the state "a combined system of irriga-
tion. navigation and hydro-electrIc pow
er. using fresh water of Louisiana
streams, and water sheds. provided that
tion within five (5) years from Janu-
ary l. 1915. and provided further that
not less than Three Million Dollars ($3,-
O00 006.00) shall have been expended in
real or corporal property shall be COW
cred by this exemption except that
which is necessarily Connected with and
aprurtenant to each canal system and
forming part thereof; nor shall this ex-
emDtion extend to the assessed value
that such real estate had at the time it
may be ACQUIRED hy the connnany; pro-
yided that the rfght of the state to reg
ulate the diversion of its public waters
from their natural bed shall not be
waived by this amendment
Section 2. Re II further resolved,
etc, That the official ballot to be used
at the said election shall have printed
thereon the wor5s.s For the proposed
a~aendrnent IN the Constitution of the
State of Louisiana rxemptlng from tax
alton for fen f1el wears from the date
of cornnletion certain new canals for
Irritation. naviratfon and power pur-
pesas 10 be completed WITHIN five years.
WITH ca-ffal of not less than Three
Million Dollars (s3.0n0. .en0.00)." And
f1ie wor Is .Arairst the amendment to
the CONSTITUTION Of the state of Louisi-
ana ewe~apting from taxation for ten
fIe) years from the date of completion
ce-tafn rev earals for irriRation nav
igat tion and power purposes to be COM
rlete7 within five f5l wears, with a cap
ital Of not less than Three Million Doll
Tars" - a~..h eieetor shall indicate
as .,ts,-i - ~ ts1e rene-ai eio-+ir.- s'ws
af fha gore -, aftsr~ - vstas Tor or
against th~ proposed amendment
T.ier4n~ans Governor and President Of
- Z r. II. ss,
Speaker Of the lTouT Representatives
Approved: July 8. -
l. E. HALL.
Governor of the State Of Louisiana.
A true copy;
ALyINaE HEBERT,
Rsrrstary. OF state