St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1910-10-01

/ 4
II the amendment 70 the Constitution sab
/ the regular session OF the General Assembly
Of Louisiana for the year 1910 be rstiheda
tax collected after the issuing Of bonds herein
| provided for, shall be used exclusively for th$
purpose of paying the interest and prinoipaA
When the tax thus authorized shall have
| been lapsed by the terms of said propossA
amendment then each year thereafter ss long
issued are outstanding, there shall be assesses
and collected a tax, watch is hereby levied.
all property subject to State taxation, SUM.
Gent to pay the interest upon said honda
and fraction Of the principal or fraction
Of a sinking fund with which to eventually
retire said bonds; provided that no tax ex..
ceeding one and one.half (ih) mills shalt
year: and provided further that il said TAR
Of Of 20, one ga, and one.hait qMl mills should b
cipal Of said bonds at the maturity thereof,
| then this tax shall continue and be assessed
and collected until the entire amount dus
| paid
From and after the time the tag herein
Of the Treasurer immediately after the Is snnuai
City Of New Orleans, to tx shs rate Of taxa.
said Sondsd dees and ss fraction ea IL to
af that Ss the .a sis0f un
for the retiring of said bonds. Upon aseer-
tanning said amount, he shall direct the -,
authority charged with like duty Of City
Of New Orleans. or Parish Of Orleans, to
extend upon the assessment rolls such rate
Of taxation as will yield an amount sufficient
to pay said interest and fraction Of prin-
cipal as aforesaid; provided that said tan
not ssss ssar sns m
| and collected, without costs or commission,
in the same manner as State taxes are COL
directly to the Treasurer Of the State 81
burse the sams to the holders Of the bonds
| the presentation to him Of the bonds or tho
All Arising hs 80 int.
realized from the sale Of said bonds or fropA
herein referred to shall BY tho Treasurer.
be deposited In the sams depository, in tho
same manner, at the same rate Of intsrsSs
are other State funds and all interest 40
cruing upon. said deposits shall be credited
terest was derived, and shall Be used 70.
said sum Is intended
levied and collected and pledged Ter the
payment Of said bonds shall constitute Q
valid and binding contract, and the faith Of
|
tinuous collection of said tax, authorised by
said Constitutional amendments. until the
aa s q Sal. isd De seas Il E.
exempt from all taxation, State, Parish, and
Municipal and the tutors Of minors and cura:.
tors OF interdicts are authorized to inveS1
the funds in their hands in said bonds.
Any time after five years shall have lapsed
from the date Of the issuance Of the bends
period Be- autsorized to sppiv tie sREnkias
BONDS to to is e. sasas IT Of said FUND.- IT. .
shall notify the bondholders thereof by an
he cy d ons pn
lished in the. City Of New York. at least
sixty days prior to the day on which the
and denomination OF said bonds; and If said
bonds are not presented for payment at such
snd o 20
not in any manner affect the validity, Of thhs
corporation or the collection OF the tax levied
by this Constitutional amendment or by that
proposed by Act No. Two Of 1910 IS afors-
This amendment to tho Constitution shan
prevail over sll other provisions OF the Con:
sny sss nj To n.
to be held on Tuesday next following the
shall be deemed supplemental TO the amsnA.
ment proposed by Act. No. Two (2) OF tho
Acts Of the regular session of the General
| Assembly of the State of Louisiana for tho
year 1910, and in case of conflict Herewith
the provisions Of this amendment shall pre-
vail and this amendment shall be in force
and effect only in the event the said proposed
amendment submitted for ratification by Asa
No Two (2) Of the Acts Of the regular SEES
, sion of the General Assembly Of 1910 is
ratified by the people at the congressional
election to be held on Tuesday next follow
ing the first Monday in November, 1910, ana
is declared to be selfexecuting and to confer
| directly the authority herein granted without
an enabling act of the Legislature.
Section q. Be il further resolved, eta.
That the official ballot to be used st the
said election shall have printed thereon the
words:
''For the proposed amendment to the Con.
, stitution of the State Of Louisiana, author
izng an issue of bonds by the World .
Panama Exposition Company and the lsvyiaa
, OF a further tax in the City of New Orleans,
all in further aid of the exposition cole
brating the opening of the Panama Canal,
and the. words, Against the proposed amsnd
ment to the Constitution of the State OF
Louisiana, authorizing an Issue OF bonds by
the World Panama Exposition Company ana
the evying of q further tax in the City OF
Nav Orleans, all in further aid Of the expo
sition celebrating the opening OF the Panama
Canal and each elector, shall Indicate. %
provided in the. general election laws Of the
State whether he votes for or against the
p'0'N'Se1 al''A ?. M. LAMBREMosT.
| nd ri Ia