The Madison journal. (Tallulah, Madison Parish, La.) 1888-current, 1916-09-23


teFeSt OF all bonds ISSUED under this
amendment
The principal and interes' o; all bonds
authorized by a.i u be issGeI under
Ills amendment shall he pad primarily
out Of ~ mat o:e-.al: nf the surplus
90 're one PER cent don't tax WAlcA IeFe-
t"fore has been l"l.0atei Tor the sup
port and maintenance or tG@ pune
schools ~ sad e'ty. as levied under aud
authorized av At 80 10 OF the Cen
ora. Assembly % tie state or Louisiana
for the wear SEQ. a-i SGHse t.ertIN
made Part or :.e Constitution Of THIS
stat. aud 90. a ter January !. 1875.
that portion az the one T"r cent dapt
raN aH'H .rlg"1 ari levied under Act 80.
40 rCnr,s,.d ari the twp-nil tax au-
tanrtl.' H- ana levied under Act 10.
pt The t,-r~..l Assembly OF the state
~ I.p~'-.ra for N" year 1922 wNicH
shall .a,. h-er released and freed from
ae.' ...f co.. either by the calling auG re-
'frH.s... or tie payment IN due course
,' 3D.. .r any part OF the horls existing
At o.. t-n. - the adoption or THIS
a-.."..a..rt provided that II the FUNDS
I.r:EoI from the sources aforesaid shall
ta I.e1".rEort IN any one year 70 pay
tie principal and interest or The bon;s
.ssr~i under this am"ndnent and then
outstanding and unpaid. or II tor any
cause there shall not be funds apP-o-
prfatcI 10 or a.a.laN,e for such purpose.
TIE city ~ New orleans shall levy =
tax upon an taxable property IN sal
city Sufficient 20 provide for any SH'h
deficiency. and provided further tNat.
when the aforesaid one per cent debt
raN and two mill water anu sewer tax
stall r"aS" l" re levied, the Nv 81
New orleans shall levy a tax upon all
taxable property IN said city sufilcienr
t. pay the principal and interest or
said bonds as they respectively become
due.
Section 9. It IS hereby intended thar
all existing dedication and nppropTia-
IONS "I sald one per cent N'lL t'N ~
thori2"d hy said N't NO I.' % 1871 ,'N-
rn..F vRr#s - % OH 4
OF the surplus of ~" on" pr cent cent
tax therein dedicated to public SchoOlS).
and Of said two-ml.l water ami sewer
tax. authorized hy said Act No OF
lNfH. shall! be respected ana performer
according 20 the 1rIorities by said stat
u'cS established. that all OF that portion
~ the FUNDS resulting from me - OF
~tli taxes "hi,h SAalI ne re.'a."' II .'m
said appropriations ana dri'"' 'NS Nv
me PAYMENT SatSlact.gh OF '.i'E
OF any "i '.t '''....'' "-". ''..-i .,..',
nIpM "a. III, ,' ','',, q -
80. 49, 80 - -. I,1. 80.
SUI "' w - yer ."nt - -. 81
v,r,'.,.. -" - - ,rc+It.I - tr.
PNL P"N'N' ~ -. "'lu "Lt,' -. ~,
I%Fi',il %. 'l' pa go -.
~ AJAX. ras,, ,,e,o,r r.,,,,.rls arrsr
- al, 80 -,
. - n,, ,., ~ T,rJs nth ~-zai
- ~ az, ~ ,"' ''' S'' -,
ny ms tl''', S''i,i, l,.'.I ., - ~ - -.
10 me cltF OF "" dreams. 10 'r uSeu 10y
when. and 10 tae extent tn"t NE DOLE
Tons now charged o" Srd taxes Sht.i DE
pdII, sdIlS,'tH or I'..'lI- Tdsl 80 -
Sha4l Dt rr''aS"u rom sou "o'.s1 '.,Ha
ana uItlma'"'y. Nh'h eAlEr.y ''.""Seu
and discharge. shall "eas' T. he levied.
anu tHat Ihei-al Ter. any anu az npHrS
issued uhles lhlS aiLe.INlehI N.du ~
pT"Niied i"I .F taN ".',. al u W.
property in the City Of New orleans
S1ii'!ent % pay the lL!hoildl am IN
lef'St OF sdtd poi'7 - ny $50 e.s
become que ltoE ,ue". N'"r't'' '.al. IN
Tie event the lli.lS Lf'el't'n'" Slrnlal-
Irlnclpd! ana interest o' l'r hoNdS IS
sued under TINS Amendment mouth prove
n'utc'ent. the IllN "i Ne" dreams
Sl3!i. ana " - h'f"hy requiem %. i'Nh
lr every SIch instance tax upon all
taxable pr"r"rty IN the CITY OF Nv Or
i'a.S necessary % pay the pFlhCfpai
and interest OF said BONDS.
Section .. The principal AMI interest
of all bonds authorized 10y this amend
mcnt shall be payable in gold coin OF
the United states OF America or its
equivalent. Of the standard OF weight
and fiucn.sS al the time OF tn" issuance
Of each lustallment Of said bonds.
said bonds shall be exempt from all
taxation for state parish, municipaI or
utIcr local purposes
Savings hanks. tutors nf minors, cura-
tors of in'erdlcts. trustees and other
nduCIarlcS may invest the funds in their
hand in said bonds.
Said BOMBS may be used for deposit
with any officer. board. municipality or
other political subdivision Of the state
OF Louisiana in any case WneT" 10y pres
cnt or future laws deposit or security 10
required.
Sail bonds may be registered and TO
leased from re-lstry under sich rules
as ~" h'ari OF LiGulddtoH' cry D'bt
may pros rlhe.
, r'C',"m ~" ~ TTH t, lsSuG" unu"T
US 3l!"'''','hI S.all .ta. Such r4tr ..