Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1908-10-02

VI said bonds to allow to the pnr
Snasers thereof a commission or de
AUCTION not to exceed six per cent
the amount of said commission O.
seduction to be a part of the bid of
the purchasers for said bonds. an
the bonds to be adjudicated to the
pest bidder in price, not however.
below par and accrued interest. cou-
pied with the least commission: AMI
provided that the second four mill
lions of said bonds cannot be sol
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
its members. and also with the CON
sent OF the Board of Liquidation nj
the City Debt, expressed by a resoln-
ton of said Board.
Section 2. Be it further enacted.
etc, mat In order to make clear and
lndlsputaole 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
ana interest OF the $4,000, 100000 of
new Public Improvement Bonds of
the City OF New Orleans, authorized
10 De issued under said Act No. 10
OF the Acts of 1906. 1t 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
nrst dedicated to the payment of the
l2,OOO,OO0.00 of Public Improve-
ment Bonds of the City of New Or
leans issued and sold under the pro-
visions of Act No. 6 of the Extra SEES
sion OF 1899, and that all that re-
mains OF the surplus OF said one
per cent. debt tax and of said two
nlll special tax since January list.
l9O1, 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
10 the payment of the principal and
interest of the said New Public I'm
provement Bonds, provided nothing
herein contained shall in any manner
aHect the dedication of the entire
one per cent. debt tax after Julv st
1912. First, to said Public Improve.
ment Bonds issued under Act of
1879, and second to said New Pub-
TIC Improvement Bonds issued under
ACT 10 OF 1906, as now provided nv
existing laws and CONSTITUTIONAL
Amendment.
section 3. Be it further enacted
etc., That no bonds shall herea fter
be issued by the City of New Or
leans, payable out of said taxe.
which shall interfere with this order
or rank Of payment, or which shall
compete with these two series of
bonds for payment out of said funds,
provided that nothing herein shall
be construed as affecting the use or
distribution of any surplus of said
taxes remaining after providing for
the payment OF the principal and in
terest OF said New Public Improve
ment Bonds, as provided In Section
8 OF said Act No. 10 of the Acts of
1906.
Section 4. Be it further enacted,
etc. That ct the congressional cleo
ton to be held in this State on
Tuesday, the third day of Novem-
Der, 1908. the following amendment
to the Constitution of the State of
Louisiana shall be submitted to the
electors of the State, to-wit:
The modification and changes
sought to be affected in the provi-
sions of Act No. 10 of the Acts of
1905. which Act was ratified by Con-.
stitutional Amendment, adopted No
vember s. 1906, by the provisions of
Act No. ZIG of the Acts of 1908, are
hereby ratified and approved. and all
provisions of the present Constitu-
ton OF the State in conflict with the
provisions of said Act of 1908, and
with this amendment, are to that ex-
tent and for that purpose only re-
pealed"
Section 5. Be 1t further enacted,
and resolved, ETC., That on the OFF,
cial ballots to be used at said cleo
ton shall be placed the words:
For the additional amendment of
the City of New Orleans Public I'M
provement Bond amendment. and
the words:
Against the additional amend
ment of the City of New Orleans Pub
lie Improvement Bond amendment"
And each elector shall indicate his
vote on the proposed amendment as
provided in the general election laws
of the State.
p. NJ. LAMBREMONT.
Lieutenant Governor and President
OF the Senate.
II. G. DUPRE,
speaker of the House of Represen-
tatives.
approved July End, 1908.
J. Y. SANDERS,
Governor of the State of Louisiana.
A true copy.
JOHN T. MICHEL.
Secretary of State.
o