St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1920-09-18


~0O0~0~"~o~0No~o-o-~-oo"~o~ ~ooo@~Nooo-oo-o-ocO
Board may incur Indebtedness AM
issue negotiable promissory note
bonds, or other evidences of debi
| the principal and interest thereof
payauIe as said board may determine
! for the purpose of purchasing
grounds, construct ng buildings, Oh
repairing buildings for public schoc
uses, and where such Indebtedness
is incurred or such notes, bonds, oI
other evidences of debt are issued
there shall be levied and collected
| for the years during which any OF
said obligations may be outstandine
taE, included within the Limitation
of seven mills, sufficient each year
to pay the prime pal and interest
thereof; provided that the aggra
gate amount of the taxes for such
purposes shall not exceed one mill
on the dollar in any one year, and
provided further that the indebted
ness, notes, bonds, or other evi-
dences of debt shall not bear a great
er rate of interest than five per cent
per annum or run for longer period
than forty years.
(c) The notes, bonds, or other
evidences of debt herein authorized
shall be exempt from State, parish,
and municipal or other local taxa
on and a legal investment for
tutors Of minors, curators of inter
diets, or others acting in a fiduciary
capacity, and also they shall be ,e-
ceived as security for all public de-
posts of the State Of Louisiana Or
of any Of its sub-div :sions or boards.
ca The provisions thereof shall
constitute contract between the
holders of the notes, bonds, or other
evidences of debt issued hereunder
and the Orleans Parish School
Board
4. Nothing in this amendment
shall be construed as affecting in any
way provision of the Const tuition In
relatiun to special taxes, provided
that no special tax to pay operating
expenses of public schools, auth Or
lied by Article 232 of the Constitu-
ton, shall exceed eight mills on the
dollar of assessed valuation.
5. The amendment Of the Const'
tuition proposed by Act 218 Of 1918
of the General Assembly of the
State Of Louisiana is hereby super
seeded and repealed; provided the
the authority and power under ex-
listing laws to collect the same shall
not De affected in any way by such
repeal
Section 2. Be it further resolv-
ed, ETC., That this proposed amend
ment shall be submitted to the duly
qualified electors of the State, IN ac-
cordance with law, to be voted upon
at the General Congressional Elec-
ton t. be held on November 2, 1920,
the Official ballots to have printed
thereon the words: For the pro-
posed amendment requiring police
juries ond the Orleans Parish School
Board to levy annually a tax for
school purposes" and the words
Against the proposed amendme 1t
requiring police jur:es and the Or
leans Parish School Board to levy
annually a tax for school purposes
so that each elector may indicate, as
provided by the general election
laws OF the State, whether he votes
for or against the proposed amend
ment.
r. F.. WALKER,
Speaker of the House of Repre-
sentatives.
HEWITT BOUANCHAUD,
Lieutenant Governor and Presi-
dent of the Senate.
Approved: July 5, 1920.
JNO. M. PARKER,
Governor of the State of Louisi-
ana.
A true copy.
JAMES J. BAILEY,
Secretary of State.