Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1910-11-18
. ACT No. 2
Senate Bill No. 1.
JOINT RESOLUTION.

Senate Bill No. 1.
JOINT RESOLUTION.
Proposing an amendments to the Constitution
OF the state OF Louisiana authorizing the
issue bonds and pledge the tax which is
proposed BY joint resolution embodied in
Act No. Two t2) of the Acts Of the
further tax in the City Of New Orleans, to
be levied and collected only after the tar
levied under the above resolution has
Section. 1. Be 1t resolved by the General
Assembly Of the State Of Louisiana in extra
ordinary, session convened, two-thirds of all
therein, that an amendment to the Consti.
tuition Of the State of Louisiana be submitted
to the qualified electors Of the State for their
321 Of the Consultation Of the State Of Louis.
lana. at the congressional election to be held
on the Tuesday next following the first Mon.
In order that the tax authorized to be
levied by the Constitutional amendment pro-
posed by Act No. Two (2l Of the Acts Of
of the State Of Louisiana for the year 1910.
Of the State be made Immediately avsiisSis
for the purpose Of constructing an s!posi.
Panama Canal, the Worlds Panama Ex.
position Company be and II 10 hereby auth.
ori1ed; when and not until the ConGress Of
OF New Orleans a. the location for an ex-
position commemorating the opening Of the
Panama Canal, to issue bond. not to exceed
sand ($6, SOC. 00ol Dollars, to bear . rate Of
interest not exceeding four per centum a per
cent? per per, . INN to Be paid semi, annually
due and payable in not longer than ffty
State Of Louisiana; and in order to secure
by the Joint resolution embodied in Act No.
Two CD OF the Acts Of the regular session
Of the General Assembly Of Louisiana for
matter levied eaclu.iV.iy in sh. City Of New
for the payment Of said bonds in principal
shall be deemed . valid and binding pledge
and contract,
The bonds herein authorized to be issued
shail be registered with the Auditor Of the
State of Louisiana, and there shall be written
or printed the following across the face Of
This bond in principal and interest is
secured by the levy Of special tax auth:
orized by amendments to the Constitution Of
sa1. aa.S sspd hi
Of the Auditor in his Official capacity and
bear the impress of the seal of his Office
The Auditor Of the State shall deliver such
Panama Exposition Company. which company
is authorized to sell the same for NOT less
than sha..rp par =, and the
price directly to the Treasurer of the State
Of Louisiana, which funds when paid into
the Treasury Of the State shall only be paid
out for the purpose Of securing . site and
for the construction. equipment and main
tenance Of the exposition and shall be dis
bursed upon the warrant of the Worlds
Panama Exposition Company. approved by
the Governor. Treasurer and Auditor Of the
State of Louisiana, any two Of them
All expenses. commission or brokerage in
cident to the sale Of said bonds shall be
paid by the Worlds Panama Exposition
Company out Of other funds belonging 70
said company, and no part Of the Six Million
Five Hundred Thousand (S6.500, 0O0) Dollars
shall be used for such purpose, but the full
face of such bonds must be received and
paid into the Treasury of the State Of Louis
lana - above provided.