St. Martin Parish

Shall Sales Tax District No. 1 of the Parish of St. Martin, State of Louisiana (the "District"), under the provisions of Article VI, Section 29 of the Louisiana Constitution of 1974, and other constitutional and statutory authority, be authorized to levy and collect a tax of one percent (1%) (the "Tax"), for a period of twenty (20) years from the date of the first levy of the Tax, upon the sale at retail, the use, the lease or rental, the consumption, and the storage for use or consumption, of tangible personal property and on sales of services in the District, all as defined in La. R.S. 47:301 to 47:317, inclusive, with the proceeds of the Tax (after paying the reasonable and necessary expenses of collecting and administering the Tax), to be dedicated and used for the purposes of constructing, resurfacing, reconstructing and maintaining Parish roads and road bridges within the District (but specifically excluding employees salaries, wages and benefits), it being provided that if this proposition is approved by the voters, all property taxes now being levied by the various road districts of the Parish for the payment of outstanding general obligation bonds of such districts shall be discontinued immediately; and further; shall the District be authorized to fund the proceeds of the Tax into bonds, to be issued in series from time to time for the aforesaid purposes, to the extent and in the manner permitted by the laws of Louisiana, including Sub-Part F, Part III, Chapter 4, Title 39 of the Louisiana Revised Statues of 1950, as amended?