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

Senate Bill No. I.

oouute Dill NO. i.
JOINT RESOLUTION.
Proposing an amendment to the Constitution
OF the State of Louisiana. authorizing the
Worlds Panama Exposition Company to
issue bonds and pledge the tax which IL
pr, so x JOINT r' g tho embodied !.
General Assembly of 1910, as we'll a. "a
further tax in the City Of New Orleans. to
be levied and collected only after the tax
levied under the above resolution has
Section. 1. Be it resolved by the General
Assembly Of the State of Louisiana In extra.
the members elected to each house concurring
therein. that an amendment to the Consti.
tuition of the State of Louisiana be submitted
to the qualified electors of the State for their
approval or rejection as required by Article
321 Of the Constitution 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 70 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,
may. when ratified By the qualified electors
OF the State be made immediately available
ton sSs an.5nS
Panama Canal, the Worlds Panama Ex-
position Company be and IL 10 hereby auth.
CRIED when and not until the Con5rs's Of
Of New Orleans ~ the location for an q.
position commemorative the opening Of. the
Panama Canal TO issue bonds mot TO- exceed
sand go, SOC. oool Dollars, to bear . rate Of
interest not exceeding four per centum u per
cent? per .nnum 70 DO paid semi-annnally.
due and payable in not longer than hfty
l5o) years, payable at the Treasury Of the
State Of Louisiana; and In order to secure
the P:ymIsn. Of ssid d., bonds; The "a. p.ePos.d
Two (2) Of the Acts Of the regular session
Of the General Assembly Of Louisiana for
the year 1910. a. we'll - . further tax here
for the payment Of said bonds in princlpsi
and interest the said pledge Of said tax
shall be deemed valid and binding pledge
The bonds herein authorised to Be issued
BY the Worlds Panama Exposition Company
shall be registered with the Auditor Of the
or printed the following across the face Of
:rSi. bond in principal and interest IL
orirsd BY amendments to the Consultation Of
the State Of Louisiana adopted In 1910"
which shall have ahixed thereto the signature
81 BEAR the Ii. IN 81 the .s. O. s. s
The Auditor Of the State shall deliver such
bonds when thug certified TO the Worlds
Panama Exposition Company. which company
IL authorized to sell the same for nos less
chaser thereof shall be required to pay the
price directly to the Treasurer Of the State
Of Louisians, which funds when paid into
the Treasury Of the State shall only be paid
for the construction. equipment and main.
tenancs Of the exposition and shall be dis
bursed 6,on the warrant Of the World .
Panama Exposition Company. approved BY
the Governor. Treasurer and Auditor Of the
State Of Louisiana. or any two of them.
All expenses. commission or brokerage In
e;dent 70 thu sale of said honda shall ba
paid by the worlds Panama Expositina
Company out Of other funds belonging to
said company. and no part Of the Six Million
Five Hundred Thousand $4,000. 000) Dollars
shall be used for such purpose. but the full
face of such bonds must be received and
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