St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1910-10-08

II the amendmsht r ~ 121 Of the Acts os
the regular session OF the u1n1a be ratified
OF Louisiana for the ye ntire .g amount Of said
by the popid ofter the issuing Of bonds ~. tt
nrovided for shall be used eacu snd principal
purpose Of paying the ne l mo- other puepose
OF Sa,a the tax thus authorized SAL
been lapsed BY the terms aas sdh,srsaf.er a. long
amendment then eash bss rsi authorized 70 bs
as any o. oannttstanding there shall o.
and collected tax, which n . orleans upon
exclusayelyt ~ subject hi 70 State taxatson. SUI
Client to Day the interest upon - ss 4 fraction
traction G s san for shs eresSa
OF sns sinking fund with which 70 svs IN ~
Det;re said bonds; provided thas ri atiI
sseding .. ees AMID and e soissssa aarns
S DC and provided further that i sa,a r
Of one and one.half Ga IN mi and s the prin.
insu1hcsen ss; y bonds at the maturity thereof
then this tax shall continue anu ayeannt 1ue
and collected until the enti.s ;nteress il
on. said bonds in principal
paid, ~, .;r,a the tar herein
levied becomes oPsra.ldg;sa teIy aftsr the annual
Gst ine and valuation Of the property - sne
City Of New Orleans, to hx tns rasu for
ton to be imposed upon .n n sa1 he interest
that s,iS 5endsd DEBT and fraction q the
principal due that year or the s;nI;na fund
the prlncip;ai; W ~ aid bonds Upon ascer-
aiming said amount, he shall direct sno ts ~.
SCISSOR or Board Of AS. asSes HE duty Of City
auth @ o elaau or Parish Of Orleans. %
extend upon the assessment rolls ne ;ant
" " nsn said interest and fraction Of prin.
o W p'y az aforesaid: provided that said tax
shall not exceed one and one.haM e a nsss
fnr any one wear This tax shall pc essssseu
a pr a eollecsed, without costs or commission,
i'm; in the same manner as State taxes ere col
iected and shall be pa,a Dy IN .he State Of
I,nnisisua. who is hereby authorizes " uis.
burse the same to the holders o. sGe pol =.
herein pf0yidsd foT an IN on said bonds upon
III nresentation to him of the bonds Or she
interest coupons as the case may Pc ;,,eo
the state Treasury whether same have seen
realized from the sale OF SAID ponds y la IN
the levy and collection OF any the ea Treasmrer
he deposited in the same depository. IN the
same manner, at the same rate o, ihtefsst
and upon fs fa same fnnas and all
cruiag upon said deposits shall pc cIeditea
to the particular fund from wnicn .ns ri
the same purpose for which the prinsapaa OF
said sum is intended.
The bonds herein authorized ana sne re
payment of said bonds shall constitute
valid and binding contract, and fne IA iaatn O.
the state eo 81 of said tax authorized by
sad constitutional amendments, until the
final payment of all Of said bonds IL pf1 ~
exempt from all taxation, State, Pariah. and
Municipal and the tutors OF minors and cnra
tors of interdicts are authorized a % invest
Any time after five years shall nave npssa
from the date Of the Issuance OF the ne p sani
Of Louisiana shall at any interest paying
period be authorized to apply the sinking
fund to the retirement OF any outstana1ing
reverse numericss. order. ana the Irsasursr
shall notify the bondholders thereof by an
advertisement in one Of the papers pn nni
| lished in the City of New York, at least
sixty days prior to the day on which the
a seaemn to be r ct ssa and
| bonds not presented for payments e. snch
time, then the interest shall cease thereon sa
Worlds Panama Exposition Company shall ai
not in any manner affect the validity Of tns
bonds herein authorized 70 pc issaea n sas
| by this Constitutional amendment or bR That
proposed by Act No. Two of 1910 as afors-
said
This amendment to the Constitution snail
prevail over all other provisions Of tho Con,
stitution of the State of Louisiana, az well
| ton to be voted at the coming election
to be held on Tuesday next following thss.
directly lire or indirectly conflict herewith. saa
shall be deemed supplemental to the asnend-
| ment proposed by Act. No. Two (21 Of the
Acts Of The. regular session Of the Generaf
| Assembly of the State of Louisiana fer Che
| year 1910, and in case OF conflict therewifh
the provisions of this amendment shah pre-
| vail and this amendment shall be in f0rce
amendment submitted for ratification BIZ Act
| No. Two t2) of the Acts of the regular SEES
| sion of the General Assembly of 1919 Is
| ratified by the people ct the congressional
election to be held on Tuesday next fellow,
ing, the first Monday in November. 1915 and
| is declared to be self executing and to confer
| directly the authority herein granted without
| an enabling act of the Legislature.
| That the official ballot to be used ae the
said election shall have printed sheresa The
words:
stitution Of the State Of Louisiana. author
| ling an issue. of bonds by the WotIn
| Panama Exposition Company and the leryias
o.; a. further tax in the City Of New Orleans,
brating the opening Of the Panama Canal
| and the words, Against the proposed anssrd
ment to the Constitution of the Stats ns
Louisiana, auth orizing, an issue Of bonds by
the leyying of further. tax in the City Of
! New Orleans, all in further aid OF the eypo-
sition celebrating the opening Of the Paasama
Canal, and eaca elector shall indicata as
| State whether he votes for or agaifss TIE
pi''''''1 AAelNeA 2. NJ LAMBREMosr
Lieutenant Governor and President Of Inc
Senate. 978z
| H. G.. DUPRE,
Speaker OF the House OF Representatives.
| Approved: august 10, 1910.
j. Y. SANDERS
Governor of the State Of Louayssaa.
a ! 'eaf coy +. MICHEL,
Secretary of State
= < !