Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1910-11-04

II the amendment to the Constitution -
mitted by Act No. Two (2) of the Act -
the regular session of the General AsssuAS~
81 Louisiana for the year 1910 be rsti1s{
tax collected after the issuing of bonds hsrsSs
provided for, shall be used exclusively for -
purpose of paying the interest and prineiss5
When the tax thus authorized sbpI1
been lapsed by the terms of said proposeS
amendment, then each year thereafter a. -
issued are outstanding. there shall be assssuS
and collected q tax, which is hereby leviS
| exclusively in the City of New Orleans ~
all property subject to State taxation, 10
cient to pay the interest upon said beoI.
and fraction of the principal a fracties
Of the principal collected for the crssi1sS
OF sinking fund with which to eventusii,
retire said bonds; provided that no tar =.
ceeding one and one-half (1h) mills sksh
be assessed and collected during any ~
year; and provided further, that II said IA
OF one and onehalf q } mills should 4
insufficient to paw the interest and the -
cipal of said bonds at the maturity therso5
then this tax shall continue and be Assert
and collected until the entire amount ~
paid
From and after the time the tax hsrsh
levied becomes operative. il shall be the Ant,
of the Treasurer Immediately after the ann.:i
listing and valuation Of the property In n.
City of New Orleans, to fix the rate of tsrs.
ton to be imposed upon said property icr
on said bonded debt and the fraction Of ~
principal due that year or the fraction -
the principal to constitute sinking IA
for the retiring of said bonds. Upon 49,
| tanning said amount, he shall direct ths ~.
SCISSOR or Board of Assessors or such on.
authority charged with like duty Of On
OF New Orleans. or Parish Of orleans q
extend upon the assessment rolls such ~
of taxation as will yield amount suf6ejSs
to pay said interest and fraction of min
cipal as aforesaid; provided that said Ia
ha not npn and hal 4 -
for any year This tax shall be assesssS
and collected, without costs or commissor
in the same manner as State taxes ne col
lected and shall be paid by the collectors
directly to the Treasurer OF the Ststs ~
Louisiana, who is hereby authorized To al.
burse the same to the holders of the bopis
herein provided for, in payment of the n
terest and principal due on said bonds. unos
the presentation to him of the bonds or a.
interest coupons as the case may be.
All funds arising hereunder which 20 iutc
the State Treasury whether same have bean
realized from the sale of said bonds or fror
the levy and collection of any tax or tsrss
herein referred to shall by the Treasurer
be deposited in the same depository in he
same manner, at the same rate of interest
and upon the same terms and conditions AZ
are other State funds and all interest se.
to the particular fund from which the IN.
terest was derived, and shall be used Tor
the same purpose for which the principal q
said sum is intended.
The bonds herein authorized and thu tsv
levied and collected and pledged for a.
payment Of said bonds shall constituts
the State of Louisiana is pledged to the con.
tinuous collection of said tax, authorized ~
said Constitutional amendments until -
final payment of all Of said bonds in pria.
exempt from all taxation. State. Parish, ssi
Municipal and the tutors of minors and currr
tors of interdicts are authorized to invese
the funds in their hands in said bonds
Any time after five years shall have lspsea
from the date of the issuance Of the bond
herein authorized. ,the Treasurer Of the stats
period be authorized to apply the sinfire
fund to the retirement Of any outstandins
bonds, to the extent Of said fund, in ths3s
reverse numerical ,S order, and the Tressurss
advertisement in one Of the papers pubIishm
in the City Of New Orleans and one pub
lished in the. City of New York. at isaa
sixty days prior to the day on which q
bonds are to be retired, giving the number
and denomination of said bonds; and II ssi1
bonds are not presented for payment ct mck
time, then the interest shall cease theroon
The dissolution and liquidation Of ~
Worlds Panama Exposition Company shall
not in any manner affect the validity Of The
bonds herein authorized to be issued By soi1
corporation or the collection of the tax Levied
by this Constitutional amendment or By that
proposed by Act No. Two of 1910 a. sfsrs-
This amendment to the constitution dan
prevail over all other provisions Of the Con
stitution of the State of Louisiana as vsll
as any proposed amendment to the Oonstitur
ton to be voted on at the coming election
to be held on Tuesday next following -
first Monday in November. 1910, which nay
directly or Indirectly conflict herewith ard
shall be deemed supplemental to the ansa&
Acts Of the regular session Of the General
Assembly of the State of Louisiana for ~
the provisions of this amendment shah NJ
vail and this amendment shall he IA force
and effect only in the event the said proposed
amendment submitted for ratification b. Al
sion Of the General Assembly Of 1910 q
ratified by the people at the congressiona1
election to be held on Tuesday next foIsw.
is declared 10 be selfexecuting and to confer
directly the authority herein granted withoas
an enabling act Of the Legislature.
Section 2. Be il further resolved, ste,
That the official ballot TO be used q ~
said election shall have printed thersoa -
words:
stitution Of the State Of Louisiana. suthsf-
ling an issue of bonds by the worio's
Panama Exposition Company and the lsyyfas
Of a further tax in the City Of New OrlcsaS
brating the opening OF the Panama Canal
and the words, Against the proposed ama1d-
ment to the Constitution Of the Ststs q
the Worlds Panama Exposition Compsny ss3
the levying of further tax in the City Il
New Orleans. all in further aid Of the expe-
Canal d eaea 'n sleetor as. II in ns =
provided "a the general election laws cf ths
State whether he votes for or against ths
~ p. M. LAMBREMoxr.
Lieutenant Governor and President Of ~
Senate.
H. G. DUPRE ~
Speaker Of the House of Representative
J. Y. SANDERS,