Tensas gazette., 1910-11-11
ACT No. 2
5enut6 BIZ NO. I.
JOINT RESOLUTION.

Senate Bill No. /.
JOINT RESOLUTION.
Proposing an amendment to the Constitution
Worlds Psnsms Exposition C Company to to
issue bonds and pledge the tax which Is
proposed By joint resolution embodied in
Act Act No. Two S2) Of the Acts Of the
further tax in the City Of New Orleans. to
be levied and collected only after the tsx
levied under the above resolution has
Section. !. Be It resolved by the General
Assembly of the State Of Louisiana in extra.
ordinary session convened, two-thirds Of all
therein, that an amendment TO the ConstI.
tuition OF the State of Louisiana be submitted
to the qualified electors of the State for their
sPpro,,. ~, or rejection: - rsauised BY Article
lana. at the congressional election to be held
on the Tuesday next following the first Non.
day OF November. 1910. ~ follows:
levied by the Constitutional amendment pro-
posed by Act No. Two (2l Of the Acts Of
the regular session Of the General Assembly
may. when ratified BY the qualified electors
Of the State be made Immediately available
for the purpose Of constructing an sxposi.
Gana *: op ai Of r:
position Company be and it is hereby auth.
orized, when and not until the Congress- Of
the United States shall designate the City
position commemorating the opening Of the
Panama Canal, to issue bonds not to exceed
in principal Sig Million Five Hundred Thou.
interest not exceeding four per centum a per
cent? per annum to be paid semi annually,
to be sold for not less than par and to Be
Gss qs, ana payable IN not longer than hfty
State OF Louisiana; and In order to secure
the payment Of said bonds, the tax proposed
by the joint resolution embodied in Act No.
n M Aeta ~ tha
Of the General Assembly Of Louisiana for
the year 1910. a. well - further tax hero
inefter levied exclusively in the City Of New
for. the payment Of said bonds IN prine}psI H
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
shsll be registered with the Auditor Of the
or printed the following scross the face 'sa Of
said bonds:
This bond in principal and interest 10
osis.S oesursd BY the levy Of special t.. auth
the State OF Louisians adopted in 1870"
which shall have afixed thereto the signature
Of the Auditor in his oficisl capacity and
The Auditor Of the State shall deliver such
bonds when thug certified to the Worlds
Panama Exposition Company, which company
than pss ': .nS Sr the 9s' p1r ss.
chaser thereof shall Be required to pay the
price directly to the Treasurer Of the State
Of Louisiana, which funds when paid into
the Treasury Of the State shall only be paid
out for the purpose Of securing . site and
for the construction, equipment and main
tensnce Of the exposition and shall be dis
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
cident to the sale of said bonds shall be
paid by the Worlds Panama Exposition
Company out of other funds belonging to
Five Hundred Thousand ($6.500 000) Dollars
shall be used for such purpose but the full
face of such bonds must be received and
lana - sbov0 provided