St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1920-10-16

ton shall be certified by said Boar,
to the Commission Council of tn
City of New Orleans, or other flu
ture governing body of said City De
ing hereby required to cause tn,
tax levied by said Board to be en-
tered according to law on the ia,
rolls of said city and collected in ths
same manner and under the condi
lions and with the interest and pen
alties prescribed by law in case Of
city taxes, and the money thus col.
lectel to be paid to said Board daily
as it is received.
CD The Orleans Parish School,
Board may incur Indebtedness and
issue negotiable promissory note !:
| bonds, or other evidences of debt
the principal and interest thereof
payable as said board may determine
for the purpose of purchasing
grounds, constructing buildings, or
repairing buildings for public school
uses, and where such indebtedness
Is incurred or such notes, bonds, or
| other evidences of debt are issued
there shall be levied and collect ed
for the years during which any OF
said obligations may be outstanding
tax, included within the Limitation
OF seven mills, sufficient each year
to pay the principal and interest
thereof; provided that the agg-e
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
ton and a legal investment for
tutors Of minors, curators of inter-
diets, or others acting in fduciary
capacity, and also they shall be re-
ceivsd as security for all public de-
posts of the State of Louisiana OR
of any of its subdivisions or boards.
Cd 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
shall be construed as affecting in any
way provision of the Const tuition in
relation to special taxes, provided
that no special tax to pay operating
expenses of public schools, author
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 21s of 1918
of the General Assembly of the
State of Louisiana is hereby super
seeded and repealed provided the
taxes already levied hereunder and
the authority and power under SIX
isting laws to collect the same shall
not De affected in any way by such
repeal
Section 2. Be 1t further resoly-
ed, etc., That this proposed amend
ment shall be submitted to the duly
qualified electors Of the State, N ac-
cordance with law, to be voted upon
at the General Congressional Elee-
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 It
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 electio
laws of the State, whether he votes
for or against the proposed amend
ment.
r. r. WALKER,
Speaker Of the House Of Repre-
sentatives.
HEWITT BOUANCHAUD,
Governor and Presi-
dent of the Senate.
Approved: July s, 1920.
JNO. M. PARKER,
Governor of the State of Louisi
ana.
A true copy.
JAMES J. BAILEY,
Secretary of State.