The Caldwell watchman. (Columbia, La.) 1885-1946, 1914-09-25
Acr No. so
Senate Bill No. 80. 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 t1o) 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, navigation and
hydro-electric power, using fresh
water, streams and water sheds,
provided that each system be
completed and In operation with
in five (5) years from January
!. 1915, and providing further that
not less than Three Million Dollars
$4,000, 100000 shall have been ex.
pended in a construction of each sys-
tenn.
Whereas, The State Of Louisiana has
large areas comprising millions of
acres Of land that can he exclaimed
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 he constructed so
as to proviAe irrigation, naviga ton
and power. and it is the States duty
to encouraee and promote the organi-
cation of such concerns:
Section I. Be It resolved by the Cen
eral Assembly Of the State of Louisi
ana, two-thirds of all the members
elected to each House concurrng. 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: a: =. - .
There shall be exempt from taxation
for ten G0) years from the date of com
pletion. the capital Stock franchises
and property Of all corporations, con-
structing. owning and operating within
the State a combined system of irriga
tion navigation and hydro-e electric pow
err. using fresh water of Louisiana
streams, and water sheds, provided that
each system be completed and in opera
ton within five 60 years from lam
airy l, 1915, and provided further that
not less than Three Million Dollars ($3,-
OOO,OOO.O0) 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 anF
appurtenant to each canal system and
forming part thereof nor shall this ex-
emption extend to the assessed value
mat such real estate had at the time it
may be acquired by the COMPANY; pro-
v1ded that the right of the State to reg
ufate the diversion of it's 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
az the said election shall have printed
thereon the words: For the proposed
amendment to the Constitution of the
state OF Louisiana exempting from tax
atlon Tor ten IO) years from the da te
OF completion certain new canals for
irrigation, navigation and mower mr.
poses to be completed within five wears
with a capital of not less than Three
Million Dollars $4,000. 000. 0O1," And
the words: Against the amendment to
the Constitution of the State of Jonisi.
ana eXempting from taxation for ten
io) years from the date of completion
certain new canals for irrigation. nav.
lEatlon ana power purposes to be com
pleted within five (5) wears, with can.
ital of not less than Three Million DnI-
lars. And each elector shall indicate
as provided In the general election laws
or the State whether he votes for mr.
against the proposed amendment.
THOMAS c. BARRETT
Lieutenant Governor and President Of
the Senate
L. f. THOMAS.
speaker of the House of Representa- iyes.
Approved: July s, 1914. o''
l.. E. HALL,
Governor Of the State of Louisiana,
A true copy: D.
ALVIN f. HEBERT.
Secretary Of State.