Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1910-10-14

Senate Bill No. 1.
kJcHUto Dill NO. 4.
JOINT RESOLUTION

JOINT RESOLUTION.
Proposing an amendment TO the Constitution
of the State of Louisiana. authorizing the
Worlds Psnsms Exposition Company to
,ssus bono. and ;o,p pledge the tax which
Act No. Two {2) of the Acts of the
h further ,ae; "a. II the City of New Orleans, to
lapsed.
Section. !. Be It resolved by the General
Assembly of the State of Louisiana in extra.
ordinary session convened, two-thirds of all
the members elected to each house concurrine
therein, that an amendment to the Oonsti.
tuition OF the State of Louisiana be submitted
to the qualified electors OF the State for their
approval or rejection, rs required by Article
32l of the Constitution Of the State Of Louis.
on the Tuesday next following the first Non
day of November. 1910 as follows:
In order that the tax authorized to be
posed by Act No. Two t2l of the Acts OF
the regular session of the General Assembly
of the State Of Louisiana for the year 1910,
of the State be made Immediately available
for the purpose of constructing an exposi.
ton to commemorate the opening of the
position Company be and it is hereby auth.
orized, when and not until the Congress Of
the United States shall designate the City
position .nemoratins the opening Of n.
Panama Canal, to issue bonds not to exceed
in principal Sig Million Five Hundred Thou.
interest not exceeding four per centum q per e,
cent? per annum to be paid semi annually.
to be sold for not less than par and to BE-
AND payable in not IT. longer than fifty
State Of Louisiana; and in order to secure
the payment Of said bonds, the tax proposed
Two ) Of the Acts Of the regular A .e., kS
Of the General Assembly Of Louisiana for
the year 1910, Is we'll rs . further tax here.
matter levied exclusively in the City Of New
for the payment of said bonds in PRINCIPAL
and interest, the said pledge of said tar
shall be deemed valid and binding pledge
The bonds herein authorized to be issued
by the Worlds Panama Exposition Company
shail be registered with the Auditor Of the
or printed the following across the face Of
This bond in principal and intere.. I.
orized by amendments TO the Constitution OF
the State Of Louisiana adopted in 1910"
which shall have affixed thereto the signature
The Auditor of the State shall deliver such
bonds when thus certified to the Worlds
IS autborned TO sell the same sn fon company
chaser thereof shall be required to pay the
price directly to the Treasurer OF the State
Of Louisiana, which funds when paid int
the Treasury of the State shall only be paid
out for the purpose of securing a site ant
for the construction. equipment and main
tenance Of the exposition and shall be dis
bursed upon the warrant OF the World
Panama Exposition Company. apprnved h,
the Governor. Treasurer and Auditor of tn,
State of Louisiana. any two of them
All expenses, commission brokerage IN
cident to the sale OF said bonds shall 10
paid by the Worlds Panama EXPOSITION
Company out Of other funds belonging r.
said company, and no part 80 She Six Million
shan be used for such purpose but The full
fa-s Of such bonds must be received anf
paid into the Treasury of the State az I auis
lana - above provided.