St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1910-11-05

If the amendment to the Constitution sse.
mitted by Act NO Two o. s51 o. ahe sssmbiv
Of Louisiana for the year l9lU PC rati ll:4
by the pople, then the entire amount 1of sag
tax collected after the issuing OF bonds herein
provided pro for, shall be used exclusively for tho
purpose of paying the interest ana prlncipai
Of said bonds and for no other pur pose;
When the tax thus authorized shall havs
been Iapsed BY the terms Of said proposed
amendment, then each year thereafter as Ione
as any of the bonds herein authorized 70 os
and collected tax, which is hereby Levied:
exclusively in the City of New Orleans upon
all property subject to State taxation. sun.
s and q traction Of the principal fraction
of the principal collected for the creau i,
of sinking fund with w6ie tb. % nc aan sl
t be assessed and collected during. any, ons
Of one and one-haH (1h) mills should be
insufficient to pay. the interest and the prn.
cipal OF said bonds at the maturity. s h .nereol
and collected until the entire amount dus
on said bonds in principal and interest 4
paid. No. 81 49, ~, -..
levied becomes operative, 1t shall be the duty
Of the Treasurer Immediately after the annual
c City Of New Orleans, to fix the rate Of taxa.
ton to be imposed upon said property for
Sssa ,a to Ray the interest
he principal to constitute q sinking fund
for the retiring of said bonds. Upon ascer-
tanning said amount, he shall direct the az.
SCISSOR or Board of Assessors suoh other
authority charged with like duty Of City
e Extend nd" upon the assessment rolls such rata
| of taxation az will yield an amount sufficient
| to pay said interest and fraction Of prin.
e cHps1 n as exeeed one and oneha mills
| for any one year. This tax shall be assessed
and collected, without costs or commission.
iected and shall be paid BY the collector.
directly to the Treasurer Of the State OF
Louisiana, who Is hereby su.hon n a. e os
berein provided for, in payment of the in.
terest and principal due on said bonds, upoa
to hin hin, o. tine .y be
| All funds arising hereunder which 80 into
| the State Treasury whether same have neen
the levy and collection Of any, ta1 or ta.ss
herein referred to shall by the treasurer.
be deposited in the same depository. IN .ns
| same manner at the same rate OF interess
and and unon the same terms and conditions -
are other State funds and sll interest," 81 -.
cruns upon said deposits s sha, n; Pc H. in
terest was derived, and shall be used iot
the same purpose for which the principal %
say The bonds herein authorised and the t e.
levied and collected and pledged for sns
payment Of said bonds shall const it!1h =
tinuous collection Of said tax, authorized By
said Constitutional amendments. until me
cipal and interest. Said bonds shall ,:
exempt from all taxation, State Parish, ana
Municipal and the tutors 81 minors ana c cve
the funds in their hands in said bonds,
Any time after Ave years shall have lapsso
heren 'hs Sa1f the Of the
of Louisiana shall at any interest paying
period be, authorized to apply the slnS Sin
bonds. to the extent Of said fund, in theii
, reverse numerical order, and the treasurer
shall notify the bondholders thereof ~ e g
, | advertisement in one of the papers publisnee
in the City of New Orleans and one pub
, lished in the. City Of New York. a. le e.
sixty days prior to the cay on -. wn nnn, se
and denomination Of said bonds; and Il san
, bonds are not presented for payment at suci
sm The 'h dsso 9h ''. and liquidation u IL
Worlds Panama Exposition Company snal
q not in any manner affect the validity o. "a,
: bonds herein authorized to be issued by sal.
corporation or the collection OF the tax ievie'
n by this Constitutional amendment or by tha
proposed by Act No. Two Of 1910 as afcrs
This amendment to the Constitution shal
4 prevail over ell other provisions OF the Oon
as any proposed amendment to the Constitu
), ton to be voted on at the coming eiectio
;. to be held on Tuesday ne5s folowiIg IL
:. directly or indirectly. conflict herewith an
l. shall be deemed supplemental to the amend
ment proposed by Act. No. Two (2) OF tn
= Acts of the regular session OF the Generf
: Assembly of the State of Louisiana for u
year 1910 and in case of conflict therewit
!. the provisions of this amendment shall PR
:. | vail and this amendment shall be in fore
and effect only in the event the said propose
l. amendment submitted for ratification by Az
!, No. Two (2) of the Acts of the regular SCI
) sion of the General Assembly of 1910
/. ratified by the people at the congressioni
y election to be held Tuesday next follow
=. ing the first Monday in November, 1910, an
y is declared to be selfexecuting and to COME
y directly the authority herein granted withot
- an enabling act of the Legislature.
Section g. Be it further resolved, etc
. said election shall have printed thereon u
!. words:
:. 'sFor the proposed amendment to the Col
IL stitution of the State of Louisiana autho
;. izing an issue of bonds by the World
% Panama Exposition Company and the leyyia
;. all in further aid of the exposition Gel
10 brating the opening of the Panama Canal.
and the words Against the proposed amen
ment to the Constitution of the Stats
D. Louisiana, authorizing an issue OF bonds
the Worlds Panama Exposition Company ~
D. New Orleans, all in further aid Of the exp
sition celebrating the. opening OF the Panan
Canal and elector shall indicate,
provided in the general election laws OF q
State whether he votes for or against q
proposed amendment.
Lieutenant Governor and President Of q
H. G. DuPRB.
N Speaker Of the House OF Representative
as Approved: August y, 1910;
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