Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1914-09-04
Act. No. 80

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 G0) years 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 t51 years from January .nv
1. 1915. and providing further that
not less than Three Million Dollars
$4,000. o00.00) shall have been ex-
pended in construction of each sys-
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. navigati ton
and power. and II Is the States duty
to encourage and promote the organi-
zation OF such concerns:
Section l. Be 1t resolved by the Gem
eral Assembly Of the State Of LOUISE
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
tion to- be held on the first Tuesday az
ter the first Monday in the month of No
vember. 1914. as follows:
There shall be exempt from taxation
for ten l0) years from the date Of com
vxlA av,tt al
and property of all corporations con-
structing. owning and operating within
the State combined system Of irriga-
tion. navigation and hydro-electrfc pow
streams. and water sheds, provided that
each system be completed and in OPERA
ton within five (5) years from Janu-
airy 1. 1915. and provided further that
000, 0oO.00) 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 II
may be acquired by the company; pro-
vided that the right of the State to reg
uiate the diversion Of its public waters
from their natural bed shall not be
waived by this amendment.
Section 2. Be 1t 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 or Louisiana exempting from tax-
alton for ten u0) years from the date
or completion certain new canals for
irrigation. navigation and power pur-
poses to be completed within five wears
with capital of not less than Three
Million Dollars $4,000. O0O.0O)." And
the words: Against the amendment TO
the Constitution of the State OF I,ouisi
ana exempting from taxation for ten
tIo) years from the date of compilation
certain new canals for irrigation. nav
igation and power purposes to be COM
pleted within five Cd years, with a can
ital or not less than Three Million Dol
lars. And each elector shall indicate
as provided in the general election laws
or the State whether he votes for or
against the proposed amendment
THOMAS c. BARRRET
Lieutenant Governor and President of
the Senate.
l.. F. THOMAS.
Speaker of the House of Representatives
Approved: July s, 1914
l.. f. HALL,
Governor of the State Of Louisiana
A true copy:
ALVIN f. HEBERT,
Secretary of State.