St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1914-10-17

~~SAASESAAA0 Ss~&ASSASe1
l1O) years from the GATE &.
completion the capital stock.
franchises anu certain propert
OF all corporations CONSTRUCTING
owning and operating within til,
State a combined system OF irr.-
cation, navigation and hydro
electric power, using fresh water
streams and water sheds, pro-
vided that each system be COM
plted and in operation within
five 60 years from January /,
1915, and providing further that
not less than Three Million Dol
lars. ($3,OOO,OO0.OO) shall have
been expended in construction
of each system.
Whereas, the State Of Louisiana has
of acres OF land that can be re-
claimed and brought into culti-
vatlon by irrigation, whereby
large a dltions will be made to
the population and the assess
ed value of the State; and.
Whereas, Canals can be constructed
SO as to provide irrigation, navi-
cation and power, aid it is the
States duty TO encourage and
promote the organis al: on of such
concerns
Section /. Be it resolved by the
General Assembly of the State OF
Louisiana, tWo-thirds of all the MEM
bers elected to each House concur
ring, that the following amendment
to the Constitution be submitted to
the qualified electors of the State tor
their adoption or rejection at the
congressional election to be held Oh
the first Tuesday after the first Mon
day in the month Of November, 1914.
as follows:
There shall, be exempt from taxa
ton for ten (10) years from the
date of completion, the capital stock,
franchises and property of all cor
|porations constructing, owning and
perating within the State a combined
system Of irrigation. navigation and
|hydro-electric power. using fresh
water of Louisiana streams, and wat
er sheds, provided that each system
be completed and in operation within
five years from January l, 1915, and
provided further that not less than
Three Million Dollars ($3,OOO,000)
shall have been expended in the con-
struction of each system. No real or
corporal property shay be covered by
this exemption except that which Is
necessarily connected with and ap-
|purtenant to each canal system and
forming part thereof, nor shall this
exemption extend to the assessed
value that such real estate had at the
time it may be acquired by the COM
pany; provided that the right of the
State to regulate the diversion of its
shall not be waived by this amend
ment.
Section 2. Be it further 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
taxation for ten (10) years from the
date of completion certain new canals
for irritation, navigation and power
purposes to be completed within five
years with q capital of not less than
Three Million Dollars ($3,O00,000) :"
And the words: Against the amend
ment to the Constitution of the State
Of Louisiana exempting from taxation
for ten (10) years from the date of
completion certain new canals for lr-
rigatiQn, navigation and power pur-
poses to be completed within five Co.
years. with a capital Of not less thar
Three Million Dollars. And each
elector shall indicate as provided in
the general election laws of the State
whether he votes for or against the
amendment.
THOMAS C. BARRETT,
Lieutenant Governor and President
Of the Senate.
L. E. THOMAS,
Speaker Of the House Of Represen-
tatives.
Approved: July 6, 1914.
i. e. HALL,
Governor of the State of Louisiana.
A true copy:
ALVIN e. HEBERT,
Secretary of State.