Lower coast gazette., 1914-09-12

Speaker of the House of Representatives.
THOMAS C. BARRETT,
Lieutenant Governor and President of the
Senate.
Approved July g., 1914.
L. K. HALL,
Governor of the State of Louisiana.
A true copy:
ALVIN f. HEBERT,
Secretary of State.
ACT NO. 80.
Senate Bill No. 80 By Leon r. Smith
JOINT RESOLUTION.
Submitting to the people of the State of
Louisiana, at the confessional election
to be held in November, 1914, an
amendment to the Constitution of the
State exempting from taxation for ten
0O) years from the date Of completion
the capital stock, franchises, and GER
tain property of all corporations con-
structing, owning and operating within
the State a combined system of irriga-
ton, navigation and hydro-electric pow
er, using fresh water streams and
water sheds, provided that each system
be completed and in operation within
five (5) years from January l, 1915,
and providing further that not less
than Three Million Dollars ($3,OOO,-
OOO.00) 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,
Whereas, Canals can be constructed so
as to provide irrigation, navigation and
power, and it is the States duty to
encourage and promote the organiza-
ton of such concerns:
Section 1. Be it resolved by the Gen
eral Assembly of the State of Louisiana,
two-thirds of all the members elected to
each House concurring, that the follow
ing 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 OF
the first Tuesday after the first Monday
in the month of November, 1914, as fol-
lows:
There shall be exempt from taxation
for ten (1O) 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, naviga-
ton and hydro-electric power, using fresh
water of Louisiana streams, and water
sheds, provided that each system be COM
pleted and in operation within five 90
years from January l, 1915, and provided
further that not less than Three Million
Dollars ($3,OOO,OO0.OO) shall have been
expended in the construction of each sys-
TEN. No real or corporal property shall
be covered by this exemption except that
which is necessarily. connected with and
appurtenant to each canal system and
forming part thereof, nor shall this tx
emptiOn extend to the assessed value that
such real estate had at the time it may
be acquired by the company; provided,
that the right of the State to regulate the
diversion of it's 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 at the
said election shall have printed thereon
the words For the proposed amendment
to the Constitution of the State of Loui-
siana exempting from taxation for ten
(1O) years from the date of completion
oorta;n pou, canals for ;rrio of iop roviuo.
ton and power purposes to be completed
within five years with a capital of not
less than Three Million Dollars ($3,OO0,-
OOO.OO)." And the words: against the
amendment to the Constitution OF the
| State of Louisiana exempting from taxa
ton for ten (10) years from the date
of completion certain new canals for ir-
| rigation, navigation and power purposes
to be completed within five % years,
| with a capital of not less than Three Mil
lion Dollars" And each elector shall
indicate as provided in the general cleo
| ton laws of the State whether he votes
for or against the proposed amendment.
THOMAS C. BARRETT,
| Lieutenant Governor and President of the
Senate.
L.. e. THOMAS,
Speaker of the House of Representatives.
Approved: July 9th, 1914.
L.. e. HALL,
Governor of the State of Louisiana.
A true copy:
ALVIN E. HEBERT,
Secretary of State.