St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1910-09-17
ACT No. 3
Senate Bill No. l.
INT 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
Act No. Two (2) of the Acts OF the
General Assembly Of 1910, as we'll as
further tax in the City of New Orleans to
/ be levied and collected only after the tax
levied under the above resolution has
lapsed
Section. !. Be it resolved by the General
Assembly 81 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-
to the qualified electors Of tho State for their
approval or rejection, as required by Article
321 of the Constitution Of the State Of Louis.
lana. at the congressional election to be held
on the Tuesday next following the first Mon
day of November, 1910, as follows:
In order. that the tax authorized to be
posed by Act No. Two. (2l 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 EXPOSE
ton to commemorate the opening of the
posison company Be- and Gf It Is herebp auth h
orized when and not until the Congress- OF
the United States shall designate the City
position commemorating the opening Of ths
Panama Canal, to issue bonds not to exceed
in principal Six Million Five Hundred Thou.
sand ooo9 Dollars, to bear rate Of
s. IS psr sad to ::
dgs 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 of the regular session
Of the General Assembly Of Louisiana for
the year 1910, as well as . further tax here
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 il
orizsd BY amendments to the Constitution Of
the State of Louisiana adopted in 1910"
which shall have affixed thereto the signature
Of the y, Auditor in bis J., official capacity and
The Auditor Of the State shall deliver such
bonds when thus certified to tho Worlds
Panama Exposition Company, which company
p thereof s4s required to pay q.
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 Worlds
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 as $500 ooo1 Dollars
shall be used fo- such purpose, but the full
face of such bonds must be received and
paid into the Treasury of the State Of Louis
iaEa as above preyi4ed.