St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1914-10-24

completion the capital stock,
franchises and certain property
OF all corporations constructing,
owning and operating WilAlu the
State combined system OF lrri-
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,0O0.V0) shall have
been expended in construction
OF each system.
Whereas, the State of Louisiana mas
large areas comprising millions
of acres of land that can be re-
claimed and brought into cultl-
walton by irrigation, whereby
large a ditions 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, navl-
CATION and power, aid 1t is the
States duty to encourage and
promote the organis al; ON of sucA
concerns
Section l. Be it resolved by the
General Assembly of the State OF
Louisiana, two-thirds of all the mem
beers elected to each House concur
ring, that the following amendmen,
to the Constitution be submitted to
the qualified electors of the State fol
their adoption or rejection at the
congressional election to be held OF
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 ane
| perating within the State combined
system of irrigation, navigation ane
}hydro-electric power, using frest
water of Louisiana streams, and wat
er sheds, provided that each system
be completed and in operation within
five years from January l, 1915, ant
provided further that not less thai
Three Million Dollars ($3,0OO,0OO)
shall have been expended in the con
struction of each system. No real o.
corporal property shay be covered b,
this exemption except that which !.
necessarily connected with and ap
purtenant to each canal system anC
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 it:
public waters from their natural bee
shall not be waived by this amend
lment.
Section 2. Be 1t 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 (1O) years from the
date of completion certain new canals
for irritation, navigation and power
purposes to be completed within five
years with capital of not less than
Three Million Dollars ($3,0OO,OOO).'
And the words: Against the amend.
of Louisiana exempting from taxation
for ten (10) years from the date O.
completion certain new canals for IT
rigation, navigation and power pur
poses to be completed within five 6
years, with a capital Of not less thar
Three Million Dollars" And eacf
elector shall indicate as provided II
the general election laws Of the State
whether he votes for or against the
proposed amendment.
THOMAS G. BARRETT,
Lieutenant governor and Presiden
of the Senate.
L. E. THOMAS,
Speaker of the House of Represen
tatives.
Approved: July s. 1914.
L. e. HALL,
Governor Of the State Of Louisiana.
A true copy:
ALVIN E. HEBERT,
Secretary of State.
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