Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1910-09-09

Senate Bill No. /.
JOINT RESOLUTION.


JOINT RESOLUTION.
Proposing An amendment to the Consultation
of the State Of Louisiana. authorizing the
Worlds Panama Exposition Company to
issue bonds and pledge the tax Which Is
Act No. Two GAY of the Acts Of the
further tax in the City Of New Orleans. to
levied under the absvs resolution has
Section. l. Be it resolved by the General
ordinary session convened, two.thirds Of all
the members elected to each house coneurrine
therein, that an amendment to the Consti-
to the qualified electors of the State for their
approval or rejection. IS required by Article
s21 of the Constitution Of the State Of Louis
on the Tuesday next following the first Mon
day Of November, 1910, Is follows.
In order that the tax authorized to be
posed BY Act 10. Two (al Of the Act. Of
the regular session Of the General Assembly
Of the State Of Louisiana for the year 1910.
Of the State be made immsdiat.iy 1 Available ii
for the purpose of constructing an sxposi.
ton to commemorate the opening of the
poson the Be- .nS R:1.Sn .u as
orized, when and not until the Congress- Of
the United States shall designate the City
of N~ tine Ss'S n.0 e, ~ e:
Panama Canal to issue bonds mot to exceed
in principal Six Million Five Hundred Thou.
sand ($e. .oo0l Dollars, to bear . rate Of
interest not exceeding four per centum a per
to be sold for not less than par and to Be-
due and payable in not longer than City
(50) years, payable ut the Treasury of the
State Of Louisiana: and in order to secure
the payment Of s,id bonds; the tax proposed
the r: Rss Of p. .s1. Act No
Of the General Assembly Of Louisiana for
the year 1910. a. we'll 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 scross the face Of
This bond in principal and interest 10
orized by amendments to the Constitution Of
the State of Louisana adopted in 1910"
which shall have affixed thereto the signature
bear the impress Of the seal Of his ONCE.
The Auditor Of the State shall deliver such
bonds when thus certified to the Worlds
Panama Exposition Company. which company
is authorized to sell the same for 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 funds when paid into
the Treasury of the State shall only be paid
out for the purpose of securing q 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
said company ana no 2ars OF t me os Six Million
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 Louis.
lana - shove provided.