The Natchitoches enterprise., 1920-10-14

Y. Ce300Y IN JSw. Snaff fevY 3UHU8fty
not to exceed seven mills On the dollar
of valuation Of all property within the
City OF New Orleans a9 assessed for
tho purposes OF City taEatton. which
to the Commission Council of the City
Of New Orleans. or ot.ler future gov
erning body Of said Clay, the Commits
sion Council or other future governing
body of said city being hereby re-
quired TO cause the tax levied by said
Board 10 le entered according 70 law
on the tax rolls Of said City and col
lie ted in the manner and under the
| CO nd tions and with the interest and
penalties prescribed hY law in case of
City taxes. and the money thus col
lected to be paid to said Beard daily
as it ID received,
| Oh The Orleans eaEigh schsa. Raara
may incur indebtedness and Issue aego-
TABLE pronaissory notes, bonds. OF other
| evidences of debt. the principal ana
| interest thereof payable as said Board
may determine. for the purpose Of pur-
| chasing grounds constructing huild=
| ings, or repairing bu.lGinGs for nAhlle
| school uses, and where such Indebted
| ness is incurred or such notes. bonds
| or other evidences of debt are issued,
the years during which snr OF said
| ohligg tions may be u.standins 4 tax,
included within the limitation of seven
mills, sufficient each year to pay the
Iprincipal and interest thereof; provided
| that the aggregate amount of the taxes
for such purposes shall not exceed one
| mill On the dollar tn ans one aes.t. an5
| provided turther mat tffe Indebtedness,
| notes. bonds, or other evidences Of debt
snail not bear greater rate Of inter= |
est than five Per cent per annQ4l or
ruu for longer period than forty
years.
(c) The notes bonds, or other evil |
dences Of debt herein authorized shall |
be exempt from State. parish, and mu-
nicipai or other local taxation and a
legal investment for tutors Of miaaFz, |
curaters OF interdicts, or others acting :
in fiduciary capacity. and also they |
shall be received as security for all
public deposits of the State of Louis
lana or Of any of its subdivisions or
boards.
(d) The provisions thereof shall con-
stitute contract between the holders
Of debt issued hereunder and tha
Orleans Parish. Schnol Board.
4. Nothing in this amendment shall
any an epnfse provfsion Of Of the In in ~
lation to special taxes; provided that
no special tax to pay operating ex-
penses Of public schools, authorized by
exceed eight mills on the dallae at as
sessed valuation.
s. The amendment of the Constitu-
the General Assembly Of the State Of
Louisiana is hereby superseded and re-
pcaled; provided the taxes already
levied Hereunder and the authority
lect the same shall not be affected in
any way by such repeal. =, s,i
Section 2. Be 1t furth ar resolved, | /
shall b. submitted to the duly auaiified
electors of the State, in accordance ,
with law. to be voted upon at tho Cen {
eral Congressional Election to be held {
on November 2. 1920 the official ball {
lots to have printed thereon the words: I
For the proposed amendment requir- r
Ing police juries and the Orleans Parish {
School Board to levy annually a tax for +
school purposes" and the words: !
Against the proposed amendment re- E
quirinS police juries and the Orleans +
Parish School Board TO iava ennuaifY 4
q tax for school purposes" 80 that tt.R a
eiectofo nYay Indicate, as provided by
the genetaf election laws of the Sts,d, s
whether he votes for or against the
amendment.
Z. =. WALKER, I,
Speaker of the House ef Representa-
tives,
Lieutenant Governor and President Of
the Senate. ia
Approved: July 5, 1920.
JNO NJ. PARKER,
Governor of the State of Louisiana
! 1aMEs sssi 0PybA,L1s.
Secretary of State.
ACT no. 55. ~
House Bill No. l27--HY Mr. Harnley.
JOINT RESOLUTION.
'rop0sing an amendment to the Con-
stitution of the State Of Louisiana e,
min on the dollar in aid Of public tc
et,Ecat;o. | -