The Natchitoches enterprise., 1914-10-01
Act No. 90
Senate Bill No. SO. BY Mr. Leon r. Smith.
JOINT RESOLUTION

Senate Bill No. go. BY Mr. Leon r. Smith
JOINT RESOLUTION
Submitting to the people of the State of
Louisiana, at the congressional cleo
tion 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
pIetion the capital stock franchises
and certain property ofsall corpora
tions constructing, owning and ope-
rating within the State 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 (5l years from January
I. 1915. and providing further that
not less than Three Million Dollars
($3. 900. 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 It is the States duty
to encourage and promote the organi-
Zation of such, concerns;
Section 1. Be II resolved by the Gem
sral Assembly of the Stale Of Louisi-
ana, two-thirds of all the members
elected to each House concurring. that
the following amendment 20 the Constf-
tuition be submitted to thee qualified
electors of the State for their adoption
or rejection at the Congressional eIec-
ton to be held on the first Tuesday af-
ter the first Monday in the month Of No
vember. I914s as follows:
There shall be exempt from taxation
for ten C10) years from the date of COM
pletion. the capital stock, franchises
and property of all corporations con-
structing. owning and operating within
the State combined system of irriga-
tfon, navigation and hydro-electric pow
streams. and water sheds provided that
each system be completed and in opera
ton within five (5) years from tanu-
airy 1, 1918, and provided further that
coo. .00V 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 conected with and
appurtenant to each canal system and
forming part thereof; nor shall this ex-
ennption extend to the assessed value
that such real estate had at the time IL
vided that the right of the State to reg
ulate the diversion of its public waters
from their ratNral bed shall not be
waived by this amendment
EecIlDn BE II IuFIDef 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 of Louisiana exempting from tax
alton for ten tl0) years from the date
of completion certain new canals for
irrigation. navigation and power par-
poses 10 be completed within five years
with q canitai of moi less than Three
Million Dollars $4,000. 600. .001." And
the wor4st Against the amendment to
the Constitution af the State of LOUISE
ara eyempting from taxation for ten
t10l years from the. date of completion
certain new canals for irrigation. nav
iPation and power purposes to be COM
pleted within five (5l years. with a cap-
ftal of rot less thar Three Million Dol
lars" And each slertar shall indicate
es proviiei in the General election laws
of 4hN So whether he Yates for or
ayalsst the r-c1rsei amendment
THOMAS G. pAPupTT.
Lieutenant rnre-ro- and President OF
- Il. h THOMAS.
Speaker of the House Of Representatives.
Approved: July s. 1914
l. F. HALfs,
Governor OF the State Of Louisiana.
A trEa carv.
ALVIN s. HEBERT.
Secretary q State a-.--J