Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1910-10-07

II the amendment to the Constitution sub:
nitted by Act No. Two (2) Of the Acts Of
the regular session of the General Assembly
of Louisiana for the year 1910 be ratified
by the pople. then the entire amount Of said
tax collected after the issuing of bonds herein
provided for. shall be used exclusively for the
purpose of paying the interest and principal
of said bonds and for no other purpose.
When the tax thus authorized shall have
been lapsed by the terms Of said proposed
amendment. then each year thereafter Is long
issued are outstanding. there shall be- ss.ss.oS
and collected tax. which is hereby levied,
exclusively in the City Of New Orleans upos
Gent 70 pay the interest upon :sia bond
Of the principal collected Tor the creation
retire said bonds; provided that NO tai a.
b. ..s.s ses an: and C Collected during any 'o On.
Of one and OneSsif (iNJ mills should Be
cipal Of said bonds at the maturity thereof.
and collected until the entire amount due
ON said bonds In principal and interest 70
From and after the time tho tar hersi,
levied becomes operative. u shall be the duty
OF the Treasurer Immediately after the annual
listing and valuation Of the property In the
ton to be imposed upon said property for
sna; so,a:% SsS, .I ,S The nsr;s:
the principal to constitute . sinking fund
Tor the retiring OF said bonds. Upon ascer-
tanning said amount. he shall direct the as
authority charged with like duty Of City
Of New Orleans, or Parish Of Orleans. to
extend upon the assessment rolls such rate
Of taxation as will yield amount SUFFICIENT
TO pay said interest and fraction of prin-
cipal as Aforesaid; provided that said tax
shall not exceed one and one-hah a. ~ mills
"a sha oil ka -
and collected, without costs or commission,
in the same manner as State taxes are col
s;rsci and ; ,S be paid BY the collector:
Louisiana, who is hereby authorized to dis
burse the same to the holders Of the bonds
herein provided for. in payment of the in
terest and principal due ON said bonds, upon
the presentation to him of the bonds or the
interest coupons as the case may be.
All funds arising hereunder which 20 into
the State Treasury whether same have been
realized from the sale of said bonds or from
the levy and collection of any tax or taxes
be deposited in the same depository si is n n:
same manner, at the sapie rate of interest
and upon the same terms and conditions ~
cruing upon said deposits shall be credited
to the particular fund from which the in
terest was derived, and shall be used for
the =. same purpose for which the principal Of
The bonds herein authorised and the tax
levied and collected and pledged for the
y
valid and binding contract, and the faith Of
the State Of Louisiana is pledged to the con-
tinuous collection Of said tax, authorized by
final payment Of all Of said bonds in prin-
cipal and interest. Said bonds shall BE-
exempt from all taxation. State, Parish. and
tors of interdcts are authorized TO invest
the funds in their hands in said bonds.
Any time after Ave years shall have lapsed
herein authorized, the Treasurer Of the State
OF Louisiana shall at any interest paying
period be authorized to apply the sinking
bonds. to the extent Of said fund, In their
reverse numerical order, ana the Treasurer
shall notify the bondholders thereof BY an
advertisement in of the papers published
In the City Of New Orleans and one pub
iished in the City Of New York. at least
sixty days prior 70 the day on which the
and denomination of said bonds; and IL said
bonds are not presented for payment at sueh
The dissolution and liquidation Of the
Worlds Panama Exposition Company shall
not in any manner affect the validity. Of the
bonds herein authorized to be issued by said
corporation or the collection OF the TAX levied
by this Constitutional amendment or by that
proposed by Act No. Two Of 1910 Is afoFs-
said.
This amendment to the Constitution shah
prevail over all other provisions Of the Con-
sttution Of the State of Louisiana. as veil
- any proposed amendment to the Constits-
tion to be voted on at the coming electioa
to be held on Tuesday next following the
arst Monday in November 1870. which may
shall be deemed supplemental to the amend
ment proposed by Act. No. Two cd Of the
Acts OF the regular session Of the General
Assembly of the State Of Louisiana for the
year 1910. and in case Of conflict theyewith
the provisions of this amendment shan-prs-
vail and this amendment shall be in force
and effect only in the event the said proposed
amendment submitted for ratification by Act
No. Two CD Of the Acts Of the regular SEES
sion Of the General Assembly of 1910 10
ratified by the people at the congre:sionsi
Ing. the first Monday in November. 1910. and
n declared to be self executing and to confer
directly the authority herein granted without
an enabling act Of the Legislature.
That the Official ballot to be used at the
said election shall have printed thereon the
words:
For the proposed amendment to the Con-
stitution Of the State Of Louisiana, author
ling an issue of bonds by the Worlo .
Panama Exposition Company and the levyilx
OF . further tax in the City Of New Oriesns.
brstins the opening Of the Panama Canal"
and the words, Against the proposed amend.
ment to the Constitution Of the stats Of
the Mond .sS
New Orleans. all in further aid Of the cxpo-
stion celebrating the opening q The p:nA.:
provided in the general election laws CT the
State whether he votes for or against the
proposed amen0"en p. NJ. LAMBREMoxr
Lieutenant Governor and President Of The
Senate
H. @. DUPRE.
Speaker Of the House Of Representatives.
Approved: August 10. 1910.
j. Y. SANDERS,
Governor Of the State Of Iou,s,aaa.
snnv ny N,r.urr