The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1914-09-26
Act No. 80
Senate BAH No. 50. BY Nj. Leon r. Smith
JOINT RESOLUTION

Senate Bsll No. 50. BY MT. Leon r. Smith
JOINT RESOLUTION.
Submitting to the people OF the State of
Louisiana. Mt the congressional cleo
ton TO be held In November 1914. an
amendment to the Constitution OF the
State exempting FROM taxation for
pietion the capital stock. franchises,
and certain property of all corpora
tions constructing. owning and ope-
rating within the State a combined
system OF irrigation, navigate ton and
water. streams and water sheds,
provided that each system be
completed and In operation with
In five co. years from January
not less than Three Million Dollars
ts3,0o0. 100000 shall have been ex-
pended in construction Of each sys-
tenn.
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 1t Is the States duty
to encourage and promote the organf-
zation of such concerns:
Section I, BE 1t resolved by the Gem
eraI Assembly Of the State of Louisi-
ana, o-thirds Of all the members
elected to each House eoncurrihg. that
the following amandment ttg the Eonsti-
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, l914, as follows:
There shall be exempt from taxation
for ten {l0f wears from t9p ia of ,cr,
pietien. the capital stock. franchises
and property of all corporations con-
strueting. owning and operating within
ton. navigation and hydro electric pow
er, using fresh water OF Louisiana
streams, and water sheds. provided that
each system be completed and In opera
AIRY l. 1918. and provided further that
not less than Three Million Dollars as
900 ,o00oo) 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
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 stural bed shall not be
waived by this amendment
Section 7. Be It further resolved
etc, That the official ballot 20 be used
at the said election shall have printed
thereon the words. For the proposed
to the Constitution Ok the
State OF Louisiana exemptfng from tax
ation Ter ten tlol years from the date
of completion certain new canals for
irrigation. navigation and power pur-
Doses 10 be completed within five years
With capital OF not less than Three
Million Dollars $4,000. 600. ao>." And
he words: "A satnst the amendment to
he Constitution of the State of Louisf-
lne exemptIng from taxation for ten
fo1 years from the date OF completion
certain new canals for Irrigation. nav
cation and power purposes to be COM
'leted within five Cd years, with a cap
tai of not less than Three Million Dol
airs" And each elector shall Indicate
s provided In the general election laws
I the State whether he votes for orr
gafnst the proposed amendment
THOMAS c. RARRRET.
lieutenant Governos and President OF
the Senate
L. E. THOMAS.
peaker of the House Of Representatives.
pproved: July .. 1914
l.. f HALL.
Governor OF the State OF Louisiana. |
ALVIN 4 HEBERT.
Secretary OF State, |