The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1910-10-22
In order that the tax authorized to be

tho raguIar session Of The General Assembly
t ~ So. 81 n,isiena far tho wear 1910
niaT whom ratifaJ bv tbp aualifed electors
nf the STATE he mad Immediately available
far tho n,'r,nSe nf ronstrnrting an exposi
p.," CnaI tLn wnrld's Panama Nv
ti.ian Cnm,la,v he and If Is hereby auth
lpriIad ,Ln" ana nn+ untiI tbe Congress- of
,bn Itrif.J safes Shall drsir-nat, he City
- xor, 0rraans as tIe 1orotinn fer an ex-
;tin ,,,nia,n%ratii, he oneniu., Of the
p, 'a,nn Cmai ta ;ssnS honds not t. rx.rrd
e.. sa,G ~; zoo G0oI DnIIars 10 hear rate Of
;tot ,, xcsJinr fa,Ir nor rentnIn a Der
cn,.l nor ,,,rur, f. he Maid semi annually
- i lid far not less than mar and to he
IT, u N'''" t"i i,o' t Inry@r than ffrv
IN ,n. 20 ,.Ila At the TT4asury of tLe
~, E,''', 49,; ;3 and in order to secure
- "'t VI l..'' -, " .ha ta, ,,ro,osnJ
,he PAYNE! "l sait p"'uSi tIiod !, AZ "a
~ the 'inf W. Tho ra,ninr session,
"i ra1 , NS's If Iomisi,na for
~. tne " Io1d ASs aiI fnrtbnr raw here
the year IVY as Wtll a. ~ ~ o. If %au
n.aj,rr 49, "a, ~ 80 40 borahy niaIrad
1r!t ~, nr nnu nf sniJ bonds in nrinc;naI
lof 'He pa! mem u eJ'u l po',u' - iI tv
an M iaa,,,oI Ie raIi, AND bindr% nIeJee
sh1" pe m'.i''" 4" VAIN" ''ie '''7 f7
ana "a, %on h5. nereir ou+borzed 70 be issned
ne RDhuS neT n au'n r 70 % ,nsnpu
by me World fahainh rkpoS,ti3n .olnP"h ny
snail be REGISTERED WIN me hn n W tne
stare o, u.s. anu tbo face If
or prlltrd lhe lollo"i"s aeioSS 'he i"'e VI
SAID bonds;
This bond in principal aud interest is
secured by the levy of a special tax auth.
orized by amendments to the Constitution OF
the State Of Louisiana adopted in 1910
which shall have affixed thereto the signature
of the Auditor in his official capacity and
bear the impress of the seal of his ofhce
The Auditor Of the State shall deliver such
bonds when thus certlh'd 10 me world 5
Panama Exposition Company, which company
is authorized to sell the same Tor not less
than par as above provided and the pur
chaser thereof shall be required to pay the
price directly to the Treasurer OF the state
Of louisiana which tunds When pald lnt9
the Treasury OF the state small only pc pald
out for the purpose OF securing site ana
for the construction, equipment ana man
tenance of the exposition ana shal be as
bursed upon the warrant OF the "oTi1
Panama Expositlon company approved py
the Governor. treasurer ana Auut'or OF the
stare OF Louisiaha, .! any wv ~ .,ienl, :;
All expenses, commission ol pIphelaSe ~
cident to the sale or sala bonus snai De
paid by the Worlds Panama Exposition
company out ol o.her ."ius peIonsM I!i,; "
SAID company ana no par. oi .ne otA ~ ii ~
rive hundred nousaho Aao,ouo'Vou' ~. boi f,in
shali pe useu Ior such PurPpse' out Wy lut
Iaid G S tue of the State of Louis
lana as above provided :,
II 1he anehoHen' 10 'ie ~ . SUI
hi,'eu ny Acl ~. 80 " ombI'
the regular session ol tne ue nto assem-
OF houislaha t1r 'ne year i9tU u "a nad
by the pope thth Inc em'iae ashpund u saiu
YAK tr hsI he nssd ascns;vav for the
purpose of paving the interest and principal
| ,,f rn;i h,p IL md for no of sr
VI Saiu p1nus anu io' no ahpn hare
men .ne .aN .h mus ,ors ~ aid mrnnnssd
them each rear thereafter as long
amendmeHt, iheh each year Is e., hs
a. any u my noEs ~" - I'll w., aaa o
lssIeu az s,hih 10 baratr lav;ad
anu .Gr,er'u ,ba G;tw of Nnx 0rIesns mon
excluslNeIs III 'ne ny o5 ~" t; I 81
an propeit! supJeos " ot".e 70 "a ~
cieIt ~ pay 'ne IN upTn 'a'u frati"H
anu irartioh ~ tnu ~ pa Vi 49,
VI the pm pa 'oli i.t 'u ~ . n."aH
OF SINKING luhu WIN mait ~ ~ e'.n,u" ax
retire SAID ponaS prqvlaea INA, no Tax, h ok
teeulnk onJ anu npIn"tad d;r '',, nn.
pe asaeSSeu anu So,ie.eu uui ;, ~
!sal anu proNiutu iut,Iet' mi ma - h SOL" ha
@ one ana one, man 80 nlils a sn na Nc
iaSuD:cleht 10 paV the interest," hnu 'ne paiHs
eli:"i Oh salu ppnus "a. !ne G s asoI
then TINS TAX snail continue ana De assessed s',a
ana colectea until the eii'ire aniouna u'ie
on said oohus III prihcipai anu ih'eiesl 10
paid.
from ana aller me tiine tne tat he i'm
ieVied becomes operatiye IL snau oe the uuti
or inc treasurer Immediately AIter tne anhu ta
iistihs ana Naiuatloh oI ene Propeils -. t
CITY OF New orleans, 10 nix tne rate Oh taSa
tion to be imposed upon SAID properly loI
that year sumsleht 70 pay tne MFRS ~
prlneipai due that year or the IractloH OF
the principal to constitute SINKING lunu
TOR the retirihg OF said p0hGs. Opoh ascer
tanning SAID amount, he snail direct the as
SCISSOR or Board OF Assessors or such otner
authority charged with nke DUTY or Cliy
of New Orleans, or Parish OF orleans, TO
tAlehu uPoh 'he oSso ioi'' t"'.
OF taxation as VIII yleld an amount sumcleht
to pay said interest and traction OF prln-
eipal as aforesaid: provided taat sald TAX
shall not exceed one and one halI ~ mills
for any one year: rms tax snail be assessed
and collected, without costs or COMMISSION
in the same manner as state taxes are col
lected and shall be paid by the collectors
directly to the Treasurer OF the State OF
Louisiana, VINO Is hereby authorized 10 as
burse the same to the holders OF the bonds
herein provided for, In payment OF the IN
terest and principal que on sara Dohds. upon
the presentation to MN OF the bonds or the
interest coupons as Ine case may b; pc ;.o
All funds arising hereunder which go INTO
the state treasury whether same nave been
realized from the SAFE OF sara Donds or from
the ieVy ana Gol!ec'4h oi any eaA or .aAes
herein referred 10 snal oy Ihe lreasuIer
De deposited IN 'he same aepos''ot IN .nt