St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1920-10-09

of New Orleans as assessed for tn
purposes of city taxation, which nc
ton shall be certified by said Boar,
to the Commission Council of lh,
City of New Orleans, or other fu
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 thu
same manner and under the condi
tions and with the interest and pen
alties prescribed by law In case Of
city taxes, and the money thus COZ
lectel to be paid TO said Board dali.
as it is received.
CD The Orleans Parish Schoo
Board may incur Indebtedness ami
issue negotiable promissory note ;
bonds, or other evidences of debt
the Principal and interest thereof
payaDIe as said board may determine
for the purpose Of purchasing
grounds, constructing buildings, OF
repairing buildings for public school
uses, and where such Indebtedness
| Is incurred or such notes, bonds, III
other evidences of debt are issued
there shall be levied and collect I'd
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 primo pal and interest
thereof; provided that the aggra
gate amount Of the taxes for SUI III
purposes shall not exceed one mill
on the dollar in any one year, and
provided further that the indebted
ness, notes, bonds, or other evil
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 ffduciary
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.
(d} 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 Constitution 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 218 Of 1918
Of the General Assembly OF the
State of Louisiana Is hereby super
seded and repealed; provided the
.axes already levied hereunder and
The authority and power under ex-
sting laws to collect the same shall
not De affected in any way by such
repeal
Section 2. Be 1t further resoly
I'd, ETC., That this proposed amend
nent shall be submitted to the duly
qualified electors of the State, n ac-
,ordance with law, to be voted upon
1t the General Congressional Elec-
ion to be held on November 2, 1926,
he official ballots to- have printed
hereon the words: "For the pro-
posed amendment requiring police |
uries ond the Orleans Parish School |
Board to levy annually a tax for
'chool purposes" and the words.
Against the proposed amendme 1t |
'equiring police jur!es and the Or
cans Parish School Board to levy |
annually tax for school purposes
10 that each elector may indicate, as |
provided by the general electio |
avs of the State, whether he votes |
or or against the proposed amend |
nent.
r. r. WALKER,
speaker of the House of Repre-
sentatives.
HEWITT BOUANCHAUD,
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.