New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1910-08-20
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5'HE ExF0aITIdN AMEND,
MENT.

antee fund of seven and a half
million dollars instead of the five
million dollar originally provided
for resulted IN the extra session
OF the General Assembly, which
Governor Sanders convened in re-
Spouse to requests from the EX-
position Company, and various cN-
changes and commercial organ
cations VI the City. The amend
mcnt which was enacted by the
regular session held last May
provided Tor a tax Of 3-S Of mill
On all taxable property in the
country and 6-o Of d mill on all
taxable property n the City Of
New Orleans. That tax was in
tended to produce four million
dollars. the ratio being 10 from
the country parishes and % from
he City.
When. in order to call the bluff
made BY San Francisco il become
rr,,ary TO raise the guarantee
Imd to seven and one nalf mil
IonS it was proposed that the eX-
ara session. should amend the Joint
c>oIutjon submitted BY the rec
mt session Of the Legislature in
,uch way as to limit the amount
. be paid by the country to one
million dollars and to require New
orleans to raise the SIX and one
alf millions extending the time
IF the tax until the necessary
AMOUNT should be realized. The
duty OF preparing the amend
mcnt was imposed upon the Law
Committee Of the Exposition Com
pany, and that Committee sub
nitted the amendment now be-
lore the General Assembly.
The Law Committee was of the
opinion that it was inadvisable
attempt to amend a joint Ieso-
luton already enacted, and pend
lng It's ratification. Moreover,
such a course would be confusing
0 the voters and would probably
suit in the defeat Of both amend
ments, wherefore, the safe way to
proceed would be by the submits
sion Of an amendment supplement-
ary to the original amendment and
;onveying in this supplementary
amendment the required author
ity to the City Of New Orleans.
No change is made in the tax in
so far as the country Parishes are
concerned, the tax remaining at
3-S of one mill or, calculated on
he basis Of assessed values, being
IS follows.
S4OO.OO assessment ........ l0c
100000 assessment ......221 &c
| 10000 assessment .371ac
: | 10000 assessment SIC
81. 10000 assessment ....... 75c
This tax is to remain just as it
was fixed by the original amend
ment until four million dollars
have been realized, when it is to
cease in the country parishes, and
then the provisions of the supple
mentary amendment will become
These provisions re-
quire a special tax to be imposed
upon the City Of New Orleans to
provide the additional two and a
half mill rs. Ehe Executive
Committee proposition t1.t the
half millions needed TO complete
the full amount of six and one
tax in the country parishes should
cease and determine when one
dollars has been realized
from that source could not be car
ried into effect according 81 the
report Of the Law Committee.
which strongly advised against al
tempting amendment. hence, the
tax Of 3-S Of a mill will remain
in force until the four million dol
lars shall be collected from the
City and country, on the basis of
3-S of a mill in the country and
6-S of Il mill in the City.
Up to the time that fodr mil
lion dollars shall be realized the
CITY will be paying rate twice as
high as the country, but after four
dollars shall be realized
the City will be paying rate
twice as high as the country, but
after four millions shall be col
lected the tax on country prop
erty shall cease altogether, and
the remaining two and one half
will be raised by a tax
on City property not to exceed one
and half mills. To the man who
owns a 100000 worth of taxable
is it not worth while
paying 37lac a year for a few
years rather than see this monu-
builder-up Of the section
in which it is held go to San Fran