The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1914-10-17
Act No. 90
Senate Bill No. SO. BY Mr. Leon r. Smith
JOINT RESOLUTION

Senate Bill No. SO. 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 eXemptfng froa taxation for
ten (1o) 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 q combined
system of irrigation, navigation and
hydro-elactric power. using fresh
water, streams and water sheds,
provided that each system be
in five Isl years from January
1. 1915, and providing further that
not less than Three Million Dollars
$4,000, 00o.00l 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
and power, and It is the States duty
to encourage and promote the organf-
cation of such concerns:
Section j.. BE 1t resolved by the Gem
rral Assembly of che State Of Louisi-
ana, twa-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 af-
ter the first Monday in the month Of No
veuber, 1914. as follows:
There shall be exempt from taxation
for ten (10l years from the date of com
pletion. the capital stock. franchises
al- property~off all corporations CON
the State a combined system of irriga-
ton navigation and hydro-electric pow
eF(Ilsing fSss. water of Louisiana
zach system be rrf7-4x-land i IN on era.
tiou within five (5) years from Ianu-
AIRY l, 1916 and provided further that
not less than Three Million Dollars (s3.-
o00,000.0o1 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
to each canal system and
emption extend to the assessed value
that such real estate had at the time il
may be acquired by the company; pro-
Vided that the right of the State TO reg
ulate the diversion of its public waters
from their natural bed shall not be
waived by this amendment
Section 2 BE it further resolved,
etc, That the official ballot to be used
4 the said election shall have printed
thereon the words: For the proposed
amendment to the Constitution OF the
State of Louisiana exempting from tax
ltton for, ten t104 years from the date
IT completion certain new canals FOR
irrigation. navigation and power pur-
ooses to be completed within five wears /
With q capital of not less than Three /
Million Dollars tS3.o0o. 600. 0o)" And |
he words: Against the amendment I'd |
he Constitution of the State of I.ouisi- |
mo exemptinE from taxation for zen
l0l Years from the date of COMPLETION |
ertain new canals for irrigation, nav |
gation and power purposes to be com
,ieted within five fs) years, with a can
tai OF not less than Three Million Dol |
ars, And each elector shall indicate
S provided in the general election laws i
I the State whether he votes for or
gainst the proposed amendment.
THOMAS c. BARRRET.
Lieutenant Governor and President of
the Senate
L, f THOMAS,
peaker of the House of Representatives
pproved: July s. 1914
l.. E. HAIL.
Governor of the State of Louisiana.
ALVIN q. HEBERT,
Secretary Of State.