The Madison journal. (Tallulah, Madison Parish, La.) 1888-current, 1914-09-12
Act No. 80
Senate Bill No. 50. BY Mr.. Leon r. Smith
JOINT RESOLUTION.

Senate Bill No. 50. BY Mr.. Leon Il. 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 10) years from the date of COM
pletion the capital stock. franchises
and certain property OF all corpora
tons constructing, owning and ope-
rating within the State a combined
system of irrigation. naviga ton and
hydro-electric power. using fresh
water. streams and water sheds
provided that each system be
completed and in operation with
in five go years from January
/. 1915. and providing further that
not less than Three Million Dollars
$4,000. 000.00) shall have been ex-
pended in a 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. navigation
and power, and il is the States DUTY
to encourage and promote the organi-
zation of such concerns:
Section I. Be IL resolved by 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 he 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 G0) years from the date Of COM
mi oil 81
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 Louisiana
streams. and water sheds. provided that
each system he completed and in opera
ton within five 60 years from Janu-
airy l, 1915. and provided further that
not less than Three Million Dollars ($3.-
O00. 00000) 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 1t
may be acquired by the company; pro-
vided that the right of the State to reg
ulate the diversion of it's public waters
from their natural bed shall not be
waived by this amendment
Section 2. BE II further resolved,
etc, That the official ballot to he used
at the said election shall have printed
thereon the words: For the proposed
amendment to the Constitution of the
State of Louisiana exempting from tax
alton for ten (10) years from the date
of completion certain new canals for
irrigation. navigation and power pur-
poses to be completed within five years
with a capital of not less than Three
Million Dollars (s3, 900, 0OO. OO)." And
the words: Against the amendment to
the Constitution of the State of Louisi-
ana eXempting from taxation for ten
0O) years from the date of completion
certain new canals for irrigation, nav
iration and power purposes to be com
pleted within five (5) years. with a cap
ital of not less than Three Million Dol
lars" And each elector shall indicat e
as provided in the general election laws
of the State whether he votes for or
against the proposed amendment.
THOMAS G. BARRRET
Lieutenant Governor and President of
the Senate
l.. T.. THOMAS.
Speaker Of the House of Representatives
Approved: July 6. 1914
L. T.. HALL,
Governor of the State of Louisiana
\ true copy:
ALVIN T. HEBERT.
Secretary of State.