The Madison journal. (Tallulah, Madison Parish, La.) 1888-current, 1914-10-17
Act No. 80
Senate Bill No So. Ry Mr. Leon r. Smith
JOINT RESOLUTION.

Senate Bill No. So. BY Mr. Leon r. Smith.
JOINT RESOLUTION.
Submitting to the people OF the State Of
Louisiana, at the congressional cleo
amendment to the Constitution Of the
state exempting from taxation for
ten (1O) years from the date OF COM
pletion the capital stock. franchises,
and certain property OF all corpora
lions constructing. owning and ope-
rating within the State combined
system OF irrigation. navigation and
hydro-electric power, using fresh
water. streams and water sheds.
provided that each system be
in five go years from January
/, 1915. and providing further that
not less than Three Million Dollars
$4,000, 0o0.00) shall have been ex-
pended in q construction Of each sys-
Whereas, The State of Louisiana has
large areas comprising millions OF
acres of land that can he reclaimed
and brought into cultivation by irri-
CATION. 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 II is the States duty
to encourage and promote the organi-
zation of such concerns:
Section /. Be IL resolved by the Cen
eral Assembly Oh Ine state OF LOUISE
ana, two-thirds OF all the members
elected to each House concurring. that
the following amendment to the Consti-
tuition be submitted to the qualified
electors OF the State for their adoption
OF rejection at the congressional cleo
ton to be held on the first Tuesday af-
ter the FIRST Monday in the month Of No
vember 1914. as follows:
There shall be exempt from taxation
for ten UO) years from the date OF COM
pletion. the capital stock. franchises
and property of all corporations con-
structing. owning and operating within
the State combined system OF irriga-
ton. navigation and hydro-electric pow
er. using fresh water OF Louisiana
streams, and water sheds. provided that
each system be completed and in opera
ton within five 90 years from Janu.
not less than Three Million Dollars G3.-
O00, 000.0O) shall have been expended in
the construction of each system. No
| 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'
| emption 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
ulate the diversion of its public waters
| from their natural bed shall not bt
| waived by this amendment.
|
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 tn,
State OF Louisiana exemptng from tax
| alton for ten C0) years from the dat,
| of completion certain new canals 70,
irrigation. navigation and power pur
poses to be completed within five wear.
| with a capital OF not less than Thre.
Million Dollars $4,000. 600. 00)." AND
the words: Against the amendment 4
the Constitution Of the State Of Louisi
ana exempting from taxation for ter
| G0) years from the date OF completion
certain new canals for irrigation. nav
ication and power purposes to be com
pleted within five (5) years. with a cap
ital of not less than Three Million Dol
lars" And each elector shall indicate
as provided in the general election law
OF the State whether he votes for o
against the proposed amendment.
THOMAS G. HARRIET,
Lieutenant Governor and President o
the Senate.
| l.. F. THOMAS.
Speaker OF the House of Representatives
Approved: July s. 1914.
| l.. F. HALL,
| Governor of the State Of Louisiana
true copy:
| ALVIN f.. HEBERT,
Secretary OF State.