Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1908-10-23

a Constitutional Amendment, ratify.
ing the notifications and change
herein provided to be hlada "a SAT-
Act. No. 10 of 1895 and the Constitu
tional Amendment ratifying sal;
Act,
Whereas, due notice of this Ac
has been published in the City o
New Orleans for more than thirt.
days prior to its introduction into
the General Assembly, and due evi
-ence thereof has been exhibited IL
the General Assembly; and;
Whereas, owing to the increase II
the rates of interest since the adop
ton of Act. No. 10 of the Acts of
1906, the $4,000, 100000 of bonds oil
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 oil
said bonds out of the surplus of the
one per cent debt tax and the two
mill special tax.
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 sS,000,0O0.00 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 commission or de-
duction not to exceed six per cent,
the amount of said commission or
deduction to be a part of the bid of
the purchasers for said bonds, and
the bonds to be- adjudicated to the
pest bidder in price, not however,
below par and accrued interest, cou-
pea with the least commission; and
provided that the second four mil
hons 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 vote of two-thirds of
its members, and also with the con-
sent or the Board of Liquidation of
the City Debt, expressed by a resolu-
ticn of said Board.
Section 2. Be it further enacted,
etc, That in order to make clear and
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 $S,00O,OOO. 90 of
New Public Improvement Bonds of
the City of New Orleans, authorized
to be issued under said Act No. 10
or the Acts of 1906, it is hereby de-
clared that the surplus of the one
per cent. debt tax and the two mill
special tax up to July LIST, 1912, are
lrSt dedicated to the payment of the
$4,000, 100000 of Public Improve
nent Bonds Of the City of New Or.
cans issued and sold under the pro-
VISIONS OF Act No. 6 of the Extra Ses-
son or 1899, and that all that re-
mains of the surplus of said one
per cent. debt tax and of said two
nil special tax since January 1st
1907. after providing for the paw /
nent or all sums on said Public Inn
'ro'ement Bonds now required by J
aw TO be SO paid, shall be dedicated
o the payment of the principal and
interest of the said New Public I'm
'rovement Bonds, provided nothing
lerein contained shall in any manner
meet the dedication of the entire
me per cent. debt tax after July 1st
942. First, to said Public Improves
nent Bonds issued under Act 6 of
S99, and second. to said New Pub
lc Improvement Bonds issued under
yet Is of 1905, as now provided Inv
4lstinS laws and Constitutional
Section 3. Be it further enacted
tc., That no bonds shall hereafter
e issued by the City of New Or
cans, payable out of said taxes.
'hich shall interfere with this order
+ rank or payment, or which shall
ompete with these two series of
onds for payment out of said funds.
rovided that nothing herein shall
e construed as affecting the use or
lstribution of any surplus of said
axes remaining after providing for
ne payment of the principal and in
crest of said New Public Improve
lent Bonds, as provided in Section
of said Act No. 10 of the Acts of
9O6.
Section 4. Be 1t further enacted.
to-, That at the congressional cleo {
on to be held in this State on |
tuesday,, the third day of Novem- {
er. 1908, the following amendment {
the Constitution of the State of 8
ouisiana shall be submitted to the ,
ectors of the State, to-wit: "a
The modification and changes ]
ought to be affected in the provi- {
ons of Act No. 10 OF the Acts of 1
BOG, which Act was ratified by Corr I
itutional Amendment, adopted No. I
'mber 6, 1906, by the provisions Of 6
ct No. 116 of the Acts of 1908, ere t
sreby ratified and approved, and all !
DIVISIONS Of the present Constitu- I
on of the State in conflict with the ]
DIVISIONS of said Act of 1908, and I
it'll this amendment, are to that ex- I
Mt and fer that purpose only re- {
,aled" I
Section 5. Be it further enacted. I
Id resolved, etc, That on the Off a
al ballots to be used at said cleo y
ON shall be placed the words: u
For the additional amendment of {
q Civ Of Now Orlaape DrhIic To-, ,