Lower coast gazette., 1914-10-17

Secretary of State. " /
ACT NO. 80.
Senate Bill No. 50 By Leon r. SMITH
JOINT RESOLUTION. :i
Submitting to the people of the State of
Louisiana, at the CORRESPONDS election
to be held in November, 49l4, an
amendment to the Constitution OF the
State eXempting' from. taxation for ten
90 years from the, date. of completlop1
the capital stock, franchises, and Ger:
tain property Of all corporations con
structing. owning and operating within
the State a combined system of irrlga;
lion, navigation and hydro-electric pow
err. Using fresh water streams and
water sheds, provided that each system
be completed and in operation within
five lJ) years from january l.. 1910,
and providing .further, that not less
than Three Million Dollars ($3,0OO,-
000.O0) shall have been expended IN a.
construction Of each system.
Whereas, The State Of Louisiana has
large areas comprising millions of, acres
of land that can be reclaimed and
brought into cultivation BY irrigation,
whereby large additions will be made
to the population and, the assessed
value of. the State and. " :" 4.
| Whereas, Canals can be. constructed SO
as to provide irrigation, navigation and
/ mower, and it is the States duty. to
encourage and promote the organlza-
ton Of such concerns: .
Section /. Be it resolved by the Cen
eral Assembly of the State Of LOUISIANA,
two-thirds of all the members elected TO
each House concurring, that the follow
inc amendment to the Constitution be
Submitted to the qualified electors Of the
State for their adoption or rejection at
the congressional election to be held on
the first Tuesday after the first Monday
in the month of November, 1914. as fol-
lows:
There shall be exempt from taxation
for ten (lO) years from the date OF com.
pletion. the capital stock, franchises and
property of all. corporations constructing
owning and operating within the State
a. combined system Of, irrigation, navlga'
lion and hydro-eIectric power, using fresh
t water. of Louisiana. streams, and water
| sheds. provided that each system be com
uIeted and in operation within i've (oj
year trpm January /, l9l5, and PROVIDE
) further that not less than. Three; Mlillol
II dollars '(S5,O00OO0:D0}s shah have beer
: expended,n the construction OF each sys'
: TEN: Ne real or corporal property snal
be covered By this exemption except ina
which is pecessarilyyconneeted with-aa
a appurtenant to each canal system ant
forming part thereof, nor shall this ex
emptien extend to the assessed value ina
D snch real estate had at the. time 1t ma,
v he ACQUIRED by: the company; provided
G. that the right of the State to regulate tn
: Inversion Of its public waters from 'thei
=, natural bed shall not be waived oy'th'
- amendment. =
Section 2. BE it further resolved. etc
That the. official ballot to be used at tn
said election shall have printed thereo
tbe words :"".For the proposed amendmel
70 the Constitution of the State OF Lou
siana exempting from taxation Tor te
j 1Ol wears from the date of. conpletlo
certain new canals for irrigation, nayig'
tion and power. purposes to be complete
within five years with a capital OF n.
" less than Three Million Dollars ($S,OOo
OOO.OO}.n5 And the words: Against II
amendment to the Constitution Of II
g State Of Louisiana exempting from tax
Il ton for ter, (1O) years from the "a
in of completion certain new canals tor !
n rigation, navigation and power purpos
to be completed within five ~ year
Id with a capital of not less than Three: N.
j. lion Dollars" And leach e]ector sns
II Indicate as provided i" tie general ele
=. tion laws Of the State whether ,he,vot
OF for or against the proposed aHendme1
THOMAS G. BARRET. ..-.
Lieutenant Governor~and President OF t
Senate. g :.
I'D L. e. THOMAS,
W Sneaker Of the House Of Representative
~, Approved: July. 9th, 1914.
to. l.. e. HALL, e.:
he Governor of the State OF 'Loulslal
on A true copy: IS I.. ...:..
70. ALVIN. E. HERBERT,
Secretary of State.
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