The Madison journal. (Tallulah, Madison Parish, La.) 1888-current, 1914-09-19
Act No. 80

Senate BIN No. 81. BY Mr. Leon r. Smith.
JOINT RESOLUTION.
to the people of the State Of
Louisiana, at the congressional cleo
tion to be held in November. 1871, an
amendment to the Constitution Of the
State exempting from taxation for
ten UO years from the date Of COM
pletion the capital stock. franchises,
and certain property OF all corpora
tions constructing, owning and ope,
system of irrigation. navigation. and
Water. streams and water sheds,
provided that each system be
in five t5) years from January
/. 1915, and providing further that
not less than Three Million Dollars
$4,000 0o0.00) shall have been ex-
pended in q 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 II is the States duty
to encourage and promote the organi-
zation of such concerns;
Section /. Be II 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
tion to be held on the first Tuesday af-
ter the first Monday in the month Of No
yember. 1914, as follows:
There shall be exempt from taxation
for ten 1O years from the date OF COM
al
and property OF all corporations con-
structing owning and operating within
the state a combined system Of irrfga-
ton. navigation and hydro-electric pow
streams, and water sheds. provided that
each system be completed and in opera
ton within five CD years from Janu-
airy /, 1915. and provided further that
0oO. 000.0o) shall have been expended in
the construction of each system. Nc
real or corporal property shall be COW
cred by this exemption except that
which 10 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 II
may be acquired by the company: pro
vided that the right OF the State to reg
from their natural bed shall not bt
| waived by this amendment.
Section 2. Be II further resolved
| etc. That the official ballot to be uset
| at the said election shall have printed
| thereon the words: For the proposed
amendment TO the Constitution of tn,
| State OF Louisiana exempting from tax
alton for ten 10) years from the dat,
| of completion certain new canals 70
| irrigation, navigation and power pur
poses to be completed within five year,
| with a capital Of not less than Thre,
Million Dollars $4,000, 600. o0)." An,
the words: Against the amendment (,
/ the Constitution OF the State Of Louisi
ana exempting from taxation for tel
| G0) years from the date of completion
| certain new canals for irrigation. nav
igation and power purposes to be com
| pleted within five 90 years. with a cap
ital of not less than Three Million Dol
| lars" And each elector shall indicat
| as provided in the general election law
OF the State whether he votes for o
against the proposed amendment.
| THOMAS c. BARRRET
Lieutenant Governor and President o
the Senate.
| l.. f. THOMAS.
Speaker OF the House of Representative.
Approved: July s. 1914.
| L. +. HALL,
Governor Of the State Of Louisiana
A true copy:
| ALVIN r. HEBERT.
Secretary Of State.