Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1910-10-28

Ht6 Dill NO. i.
JOINT RESOLUTION.

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 is
proposed By Joint resolution embodied in
General Assembly Of 1910 81 as well as
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
ordinary session convened. two-thirds of all
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
lana, at the congressional election to be held
on the Tuesday next following the first Mon.
day Of November. 1910, as follows:
levied S1 n. as TO
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 concentrating the opening Of the
Panama Canal, to issue bonds not to exceed
in principal Six Million Five Hundred Thou.
sand t$6. 500. oool Dollars. to bear . rate Of
interest not exceeding four per centum "a DER
cent? per annum to be paid semi annually.
to be sold for not less than par and to be
due and payable in not longer than fifty
State Of Louisiana: and in order to secure
the payment Of said bonds, the tax proposed
by the joint resolution embodied in Act No.
Two (2) of the Acts If the regular session
Of the General Assembly Of Lpuisisns for
matter levied exclusively in the City Of New
for the payment Of said bonds in principal
and interest, the said pledge of said tax
shall be deemed valid and binding pledge
The bonds herein authorized 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
This bond in principal and interest Is
orized by amendments to the Constellation Of
the State Of Louisiana adopted in 1910"
which shall have sfhxed thereto the signature
Of Se,t the n. Auditor mnr.,, in b: capacity and
The Auditor Of the State shall deliver such
bonds when thug certified to the World
Panama Exposition Company. which company
Is authorized to sell the same for M, less
than par as above provided and the pur-
chaser thereof shall be required 10 pay the
price directly to the Treasurer If the State
Of Louisiana, which funds when paid int
the Treasury of the State shall only he paid
out for the purpose NJ securing site and
for the construction. equipment and main.
tenance Of the exposition ard shall he dis.
bursed upon the warrant NJ the World 8
Panama Exposition C'mpanv we'd nv
the Governor. Treasurer and Auditor II the
State Of Louisiana. ut snv two II them
All expenses. commission br ,kera~e in
cident to the sale If said bonds shall be
paid by the Worlds P-rara Fv, 'sition
Company out of other fu-de hei 'n~i-g tn
said company. and NO par. g .NA CIV Million
Five Hundred Thaus nd res 500 nonN D,Ii.rs
shall be used for such rr-p~~e irt .he full
face If sub b,nSs ~us. he received and
paid into the Treasr-r If the State Of Louis.
lana e above provided.