The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1914-10-24
Act No. 80
Senate Bill No. 50. by Mr.. Leon r. Smith.
JOINT RESOLUTION.

Senate Bill No. 81. by Mr.. Leon r. Smith
JOINT RESOLUTION
Submitting to the people of the State of
Louisiana, at the congressional cleo
ton to be held in November. 1914, an
+ amendment to the Constitution of the
State exempting frora taxation for
ten tl04 years from the date of com
pletion the capital stock, franchises,
and certain property of all corpora
lions constructing, owning and ope-
. system of irrigation, navigation and
hydro-elsctrtc power, using fresh
water streams and water sheds,
provided that each system be
in five co years from January
!, 1915, and providing further that
not less than Three Million Dollars
{s3.o00, G0o.0ol shall have been ex-
Whereas, The State of Louisiana has
large areas comprising millions Of
acres of land that can be reclaimed
and brought into cultivation by irFf-
cation, whereby large additions viii
be made to the population and, the
assessed value of the State; and,
Whereas. Canals can be constructed SO
and power, and it is the States duty
to encourage and promote the organf-
cation of such concerns;
Section /. BE it resolved by the Cen
eral Assembly Of the State of Louisi-
ana two-thirds of all the members
elected to each House ooneurring. that
the following amendment to the Eonsti-
tuition be submitted TO the qualified
electors of the State for their. adoption
or rejection at the congressional eIec-
t.on to be held on the first Tuesday af-
ter the first Monday iii the month Of No
vember, lel4, as follows:
There shall be exempt from taxation
for ten t1o) years from the date of com
pietion, the scanttal stock. franchises
and property Of all corporations con-
structing- owning and operating within
the State a combined system of irriga-
ton, navigation and hydro-electric pow
err, using fresh water of Louisiana
streams, and water sheds. provided that
each system be completed and In opera
ton within five (51 years from Janu-
airy /, 1915, and provided further that
not less than Three Million Dollars (S3,-
0o6,oeg.0o1 shall have been expended in
the construction Of each system No
real or corporal property shall be COW
cred by this exemption except that
which is necessarily Connected with and
appurtenant to each canal system and
forming part thereof; nor shall this ex-
emptfon 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 be
waived by this amendment
Section 9. BE 1t further resolved,
etc, That the official ballot 20 be used
1T the said election shall have printed
thereon the words: For the proposed
to the Constitution Of the
State of Louisiana exenlpttng from tax
ation for ten 11al Years from the date
of completion certain new canals for
irrigation, navigation and power pur-
doses to be completed within five years
With q capital Of not less than Three
Million Dollars 100000 And |
he words; Against the amendment to
he Constitution of the State of Iouisi-
ina exenptlng from taxation for ten
la@ years from the date of completion |
ertain new canals for irrigation nav
cation and power purposes to be COM
,1eted within five (S9 years, with q can
tai Of not less than Three Million Dol
ars" And each elector shall Indicate /
$ provided In the general election laws +
{ the State whether he votes for or t
gainst the proposed amendment
THOMAS C. RARRRET,
lieutenant Governor and President of |
the Senate.
4. f. THOMAS,
peaker of the House of Representatives I
nproved: July s, 1af
L.. E. HALL,
Governor Of the State of Louisiana
true copy:
ALVIN e. HEBERT,
Secretary Of State.