Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1908-10-16

a Constitutional Amendment, ratlfy-
ing the notifications and changes
herein provided to be made in SAID
Act. No. 10 of 1906 and the Constitu-
tional Amendment ratifying SAID
Act.
Whereas, due notice of this Act
has been published in the City OF
New Orleans for more than thirty
days prior to its introduction into
the General Assembly, and due evil
dence thereof has been exhibited In
| the General Assembly; and,
Whereas, owing to the increase In
| the rates Of interest since the adop-
| ton of Act. No. 10 of the Acts OF
| 1906. the $4,000, 100000 of bonds of
| the City of New Orleans authorized
| to be issued by that Act cannot be
sold as provided in said Act; and,
| Whereas, some misunderstanding
| has arisen as to the order OF pay
ment of the principal and interest of
| said bonds out of the surplus OF the
| one per cent debt tax and the two
mill special tax.
Section 1. Be it enacted by the
| General Assembly of the State Of
Louisiana, That the Board of Liqui-
dation of the City Debt, which Is
charged by Section 2 of Act No. 10
of the Acts of 1906, with the duty
of selling the $4,000, 100000 of New
| Public improvement Bonds of the
City of New Orleans, shall have pow
er in selling the first four millions
| OF said bonds to allow to the pur-
chasers thereof a commission or de-
| duction not to exceed six per cent.
the amount of said commission or
deduction to be q part of the bid Of
the purchasers for said bonds. and
the bonds to be adjudicated to the
best bidder in price, net however,
below par and accrued interest, cou-
pied with the least commission; and
provided that the second four mil
lions of said bonds cannot be sold
as above provided with allowance OF
the said commission or deduction eX-
cept with the consent of the City
Council, expressed by an ordinance
adopted by a vote of two-thirds OF
it's members. and also with the con-
sent of the Board of Liquidation of
the City Debt, expressed by a resolu-
ton of said Board.
Section 2. Be it further enacted.
etc., That in order to make clear and
indisputable the order or rank of
payment out of the surplus of the
one per cent. debt tax and out of the
two mill special tax, of the principal
and interest of the $4,000, 10000 OF
New Public Improvement Bonds OF
the City of New Orleans, authorized
to be issued under said Act No. 10
of the Acts of 1906, it is hereby de-
clared that the surplus of the one
| Ia lob 10 av.I hA fxr-0 Nil
special tax up to July list, 1912, are
first dedicated to the payment of the
S12.000,0O0.00 of Public Improve
ment Bonds of the City of New Or
leans issued and sold under the pro-
visions of Act No. of the Extra Ses-
sion of 1899, and that all that re-
mains of the surplus of said one
per cent. debt tax and of said two
mill special tax since January LIST
1907, after providing for the pay.
ment of all sums on said Public I'M
provement Bonds now required by
law to be so paid, shall be dedicated
to the payment of the principal and
interest of the said New Public I'm.
provement Bonds, provided nothing
herein contained shall in any manner
affect the dedication of the entire
one per cent. debt tax after July LIST
1912. First, to said Public Improve
ment Bonds issued under Act Of
1893, and second. to said New Pub.
lie Improvement Bonds issued under
Act 10 of 1909, as now provided BY
existing laws and Constitutions
Amendment.
l. Section 8. Be 1t further enacted
) etc., That no bonds shall hereafter
) be issued by the City of New Or
, leans, payable out of said taxes
3 which shall interfere with this ordel
: or rank of payment, or which shall
: compete with these two series O
, bonds for payment out of said funds
. | provided that nothing herein shall
= be construed as affecting the use o.
| distribution of any surplus of salt
taxes remaining after providing TO
: the payment of the principal and in
{ | terest Of said New Public Improve
( ment Bonds, as provided in Sector
: of said Act No. 10 of the Acts o
B 1906.
/, Section 4. Be it further enacted
!, etc, That at the congressional cleo
ton to be held in this State oil
: Tuesday. the third day of Novem
Der. 1908, the following amendmen
, to the Constitution of the State o
9 Louisiana shall be submitted to TIL
I electors of the State, to-wit:
e THE modification and change
n sought to be affected in the provi
S sions of Act No. 10 of the Acts o
: 1906, which Act was ratified by Con
], stitutional Amendment, adopted No
S vember 6, 1906, by the provisions o
r Act No. 116 of the Acts of 1908, ar
r hereby ratified and approved, and al
u provisions of the present Constitu
: ton of the State in conflict with tn
n provisions of said Act of 1908, an
y with this amendment. are to that ex
: tent and fer that purpose only re
S pealed."
/ Section 5. Be II further enacted
t and resolved. etc, That on the off
4 cial ballots to be used at said cleo
e ton shall be placed the words:
8 For the additional amendment O