Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1910-11-25
ACT No. 2

senate Bill NO. j.
JOINT RESOLUTION.
Proposing an amendments to the Constitutio,
Of the State Of Louisiana, authorizing the
Worlds Panama Exposition Company to
issue bonds and pledge the tai which is
proposed Sy joint ressution embodied in
General Assembly Of 1910. as we'll 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. - required by Article
321 Of the Constitution Of the State Of Louis.
lana. at the congressional election to be held
Sz o n'1 as =: oo as r' Mon
In order that the tax authorized to BE-
levied by the Constitutional amendment pro.
n: Regular SG &C. @ cf Ii. O the H
Of the State of Louisiana for the year 1910,
may, when ratified BY the qualified electors
OF the State be made Immediately available
ton to commemorate the opening Of the
Panama Canal. the Worlds Panama E1.
position Company BE- and il is hereby auth:
the United States shall designate the City
Of New Orleans a. the location for an OK.
position COMMUNICATING the opening Of the
in principal Six Million Five Hundred Thou.
sand ($6,50o.o0ol Dollars. to bear . rate of
interest not exceeding four per centum q per
to be sold for not less than par and to be
due and payable in not longer than fifty
500 years payable at the Treasury Of the
the payment Of said bond: the "a. propo ous
by the joint resolution embodied in Act No.
Two. (2) Of the Acts Of the regular session
~ H.
the year 1910. as well as q further tax here
matter levied exclusively in the City Of New
Orleans. be and the same are hereby pledged
and interest, the said pledge Of said tax
shall be deemed . valid and binding pledge
| and contract.
by the Worlds Panama Exposition Company
| shall be registered with the Auditor of the
| State of Louisiana, and there shall be written
| or printed the following across the face Of
This bond in principal and interest 1,
secured by the levy Of . special tax auth
orized by amendments to the Constitution OF
the State Of Louisiana adopted in 19lo.''
which shall have affixed thereto the signature
Of the Auditor In his Official capacity and
bear the impress Of the seal of his Office
bonds when thus certified to the World s
| Panama Exposition Company which company
is authorized to sell the same for no, less
pih rsUa. snd to ' psy n.
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
| tenance of the exposition and shall be dis
bursed upon the warrant Of the World q
| Panama Exposition Company approved BY
| the Governor. Treasurer and Auditor Of the
| State Of Louisiana, or any two If 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 r.
said company, and no part NJ the Six Million
| Five Hundred Thousand f$6.500 0oO) Dollar,
| shall be used for such purpose. but the full
| face Of such bonds must be received and
| paid into the Treasury of the State Of Louie
| lana - above provided