St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1910-09-24

If the amendmenf to the Constitution NaAs
nit EDDY BY Act No Two az OF the Acts n %
Of Louisiana for the year 1910 be ratihed
by the pope, then the entire amount OF said
provided for, shall be used exclusively for the
| purpose of paying the interest and principal
| of said bonds and for no other purpose.
When the tax thus authorized shall navs
! been lapsed by the terms of said proposed
amendment, then each year thereafter as long
IS any of the bonds herein authorized to be
exclusively in the City of New Orleans upon
All property subject to State taxation. sufa-
eient to pay the interest upon said bonds
and fraction of the principal fraction
of the principal collected for the creation
o Of sinking lid fund with which to eventually
eeeding one and one.half ON mills shall
be assessed and collected during any one
Of one and onehalf q NJ milla should DO
insufficient to paw the interest and the prin-
cipal Of said bonds at the maturity thereof,
then this tax shall continue and be assessed
and collected until the entire amount dus
on said bonds in principal and interest In
From and after the time the tax herein
levied becomes operative, it shall be the duty
of the Treasurer Immediately after the annual
listing e. and Nd vtOn Of the property IN tho
ton ton to be imposed upon said property for
on said bonded debt and the fraction Of the
the principal to constitute q sinking fund
for the retiring OF said bonds. Upon ascer-
SCISSOR or Board of Assessors or such other
authority charged with like duty Of City
of New Orleans, or Parish Of Orleans. to
of taxation as will yield an amount sufficient
to pay said interest and fraction of prin-
cipa! as aforesaid; provided that said TAG
shall not exceed one and one-half (1M mills
and collected, without costs Or commission.
in the as State taxes are col
directly to the Treasurer OF the Stste Of
Louisiana, who is hereby authorised to dis
herein provided for in payment Of the in
terest and principal due on said bonds, upon
the presentation to him Of the bonds or the
All funds Arising i hereunder Which 60 into
the State Treasury whether same have been
realized from the sale of said bonds or from
herein referred to shall by the Treasurer.
be deposited in the Same depository. In the
same manner, at the same rate Of interest
are other State funds and all interest ae-
cruing upon. said deposits shall pc credited
terest was derived, and shall be used for
said sum Is Intended.
The bonds herein authorized and the tax
payment Of said bonds shall constitute .
valid and binding contract and the faith OF
tinuous collection of said tax, authorised BY
said Constitutional amendments, until tbs
final payment Of all Of said bonds in Prin-
exempt from all taxation, State. Parish. and
Municipal and; the tutors Of minors and cura.
tors Of interdicts are authorized to invest
Any time after five years shall have lapsed
from the date OF the issuance of the bonds
Of Of Louisiana a shall at any interest paying
period be authorized to apply the sinking
fund to the retirement of any outstanding
reverse rs; numerical order, and the Treasurer
shall notify the bondholders thereof by an
advertisement in one Of the papers published
lished in the City of New York. at least
sixty days prior to the day on which tbs
soa +. be retired ssa sE ass 1an ,s
tina then tho interest shall cease thersoa-
word Esposton OK shall
not in any manner affect the validity. Of the
bonds herein authorized to be Issued By SAID
by this constitutional amendment or by thas
proposed by Act No. Two Of 1910 As sfors'
This amendment to the Constitution shsn
| prevail over all other provisions of the Con.
stitution of the State of Louisiana. as wsn
as any proposed amendment to the Constitu-
! ton to be voted ON at the coming elections
arst Monday in November. 1910 which may
y or seasf h e, . sac
| ment proposed by Act No. Two (2) of the
Acts Of the regular session of the General
| Assembly of the State Of Louisiana for The
year 1eio. and in case Of conflict therewith
the provisions Of this amendment shall pre-
vail and this amendment shall be in force
snbmitted for iii 81 AZ
sion Of the General Assembly of 1910 is
| election to be held on Tuesday next follow
ing the first Monday. in November, 1916 and
declared to be and to confer
an enabling act of the Legislature.
| -. Section q: Be it further resolved, stcs
said election shall have printed thereon ths
| words:
:. For the proposed amendment 50 the Con
| izjng an issue Of bonds by the World
| Panama Exposition Company and the levyias
Of Of further .sa, tax il the City Of Nex orie.ns
brating the opening Of the Panama Canal
and the words, Against the proposed amend:
ss aa Ct a b s: 3
the Worlds Panama Exposition Company ana
the leyying of further tag in The City q
sition celebrating the opening Of the Panama
Canal and eacl elector shall Indicate. ~
provided in the. general election laws Of the
pi''''''N P. M. LAMBREMoNr.
Lieutenant Governor and President OF sA9
Senate.
H. G. DUPRE,
Speaker Of the House Of Representatives
Approved: August 10, 1910.
J. Y. sAEDERg
Governor Of the Stsss Of 1saaesanb
L true copy:
JOHN 4. MICHEL
Secretary Of StAtA.
Care Of Linen.
One of the most important DEPART