St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1916-10-07

| Iobt&dn0ae thAe0oY 60 b refunded.
Section Z. Tho f.ll faith and eseai
I for the payment Of the principal and IN
terest Of all bends issued under THU
amsndment.
The principal and interest Of all bond
this amendment shall b. paid prtmarl,
out Of a. that one-half Of the surplul
q the one per cent debt tax which here
tofore has been dedicated for the sup
schools Of said city. ~ levied under ant
authorised BY Act No: ITO Of the Gen
eral Assembly q tie state OF Lonisian.
ss.ss :ad g. sn :f.se 3ssas9
~ ' . sds ana !.vi:d Snd:1 a Act No
10 Aforesaid ana the twe-mnl tag au.
Of the 0ensral Assembly Of tAe STATE
Of Louisiana Tor the year 1888 wnicl
shall have besa released ana freed fron
e IS: y the a d. ana
Of Al Or any part Of the bonds sxfstin!
emendment: provided that, Il the fGndi
ne principal and interest Of the bono.
issued under this amendment and then
Outstanding and unpeid, o. Il Tor any
cause there shall not ee FUNDS appro'
the City Of Ne& Orleans shall levy g
tax upon all taxabts property in said
city sameisnt 20 provide Tor any such
deficiency: and provided further ena1:
tax and two mill water and sewer saz
shall cease to be levied, the City Of
New Orleans shall levy Q tax upon an
tax.hls property IL said a. city ~
said bonds ~ they respectively becoms
due.
Section g. Il 10 hereby intended that
tions Of said one per esnt debt tax au-
thorised by said Act No ITO Of 1890 lex
cept with respect TO the said ons-heif
Of the surplus Of the one Per cent debt
tax therein dedisetsd 5 to public sehoolsl:
tax. authorised b. said Act No. . of
1888: shall b rsspectsd and performed
according 70 tae kr1or3ties by said stat
We Ut &: .ss s . rom a b.
said taxes which shall b released from
the payment satisfaction or rsfunding
now charged thereon and there-agaInst
shall. together with the one-half Of the
surplus Of the one Per cent debt tax
hee0eoforo dedicated % public school
psymsns Of = dc i pTinsipa, s1a interest Of
ali bonds issued under this amendment:
that ANY residue thereof remaining after
the payment OF the principal and inter-
81 . Sns h 30 tarneS
20 tho city Of New Orleans, to be used by
lt for general munieipal purposes: but
when, and 70 the extent that, the obNga-
Eta. ~ satisded or refundsd. said d" taxes
Shali Sc relsased from eaid obiiTations.
an6. ultinafely. vhen entirely released
and diochaFgod, shall cease to be levied;
and. that. t6oeeefter. any and all bonds
issued under dis asnendment shall be
provided FOR By . tan upon all taxable
saiksiest 70 pay the principal ri and in.
tsrsst Of said beads - they respectively
ths eveat ths funds hsreinabovs special
" dedicated for the payment Of the
prineipal and interest Of the bonds is
osed unds! this aasnAmsnt should prove
shall. and 70 - hereby required to. levy
IN eyesy such instance . tax upon all
taxable prepssty In the City OF New Or
leans neoeese1y g. pay the principal
Section 2. he principal and interest
Of all bond9 authorized BY this ameno-
ment shall b payable IN gold coin Of
The Unfted statse Of Aperica: or it,
and nnsnsss q the time Of the issuance
ef each tnstal9ant of said bonds.
said BONDS shan b exempt from all
Savings banks. tutors OF minors. cura-
tqro Of interdieta. trustees and other
e4ueiariss may invest the funds In their
1and IN ee6 oonoe.
laid bends may b used for deposit
with any omeor. beard. municipality. or
other political subdivision Of the State
g Louisiana in any case whore by pres
ooe Or 3uturs laws deposit or security 10
required.
leased from re0istFy under such rules