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

h.
the regular session of the General a Aeo5G
OF Louislans for the year 1910 ~ -
by the pople, then the entire amo.~s uu
tax collected after the issuing Of bona :. =
provided for. shall be used excIusivsS to1S<
purpose Of paying the interest ana sW IL
of said bonds and for no other nurree
When the tax thus authorized AN
been Lapsed by the terms of said prosc..l
as any of the bonds herein author;,si
issued are outstanding, there shall n 4. y
and collected tax; which is hereby 49,
exclusively in the City of New Oriss. NO
all property subject to State taras;sus ~
cient to pay the interest upon ssiS
and fraction Of the principal or =. - (
Of the principal collected FOR the 49, 49,,
retire said bonds; provided that No ~
ceeding one and one-haf uh) min. !,
be assessed and collected DURING ~
year; and provided further. that Il ~ ~
insufficient to pay the interest Ana 49, ~
cipal Of said bonds at the maturitv ~ = H.
then this tax shall continue and h s.teo
and collected until the entire smo.s. =
paid sss
From and after the time the IA, =.
levied becomes operative, II shall be IN - 81
o. the Ires'urer immediately after the ~
listing and valuation of the prope,fv h. r..
City of New Orleans, to fix tie rate a. :
ton to be imposed upon said prons-x ~
that year suficient to pay the ins.
on saio oonoeo ueDt ana the fraction ~ r. q
principal due that year or the irses;s.
the principal to constitute q sinkips
for the retiring OF said bonds. Upos ~
tanning said amount, he shall direct ~ p +.
authority charged with like duty a. ~
of New Orleans, or Parish of 0r,ssn.
extend upon the assessment rolls surL
OF taxation az will yield an amount sus.iSs I
cipal as aforesaid; provided that Mia \.
shall not exceed one and one-haif (lKI
for any one year. This tax shall be ss.s-xY
and collected, without costs or couussissSsl
lected and shall be paid by Inc ccjis-s
directly to the Treasurer Of the Ssst< 3 Z
Louisiana, who is hereby authorixAi ~ s}< 4
burse the same to the holders Of "a 49,.
terest and principal due on said bond =.
the presentation to him Of the bonds 4, ~
interest coupons as the case may be,
All funds arising hereunder which = = s
the State Treasury whether same hsvS 49,
realized from the sale of said bonds a. 49,
the levy and collection of any tar a. No.
herein referred to shall by the TreaSs1
be deposited in the same depository, 4 ~
same manner, at the same rate Of in1evSx :
and upon the same terms and condifoSs ~ /
are other State funds and ali intsresf -
cruing upon said deposits shall be efeiss5
to the particular fund from which ~ n
terest was derived, and shall be- 49, ~
the same purpose for which the princissI ~
said sum Is intended. - ~
The bonds herein authorized and ~ 4.
levied and collected and pledged for -
payment Of said bonds shall constitn,s
valid and binding contract. and the fsitH =
the State Of Louisiana is pledged to he -
tinuous collection of said tax AUTHORISED =
said Constitutional amendments Until ~
final payment of all of said bonds IN ~.
cipal and interest. Said bonds shsYf ~
exempt from all taxation. State, Parish -
Municipal and the tutors Of minors and en-
the funds in their hands in said bonds.
Any time after Ave years shall have lenu,i
from the date Of the issuance Of the 49,
herein authorised, the Treasurer Of the ~
of Louisiana shall at any interest MN
period be authorized to apply the sinknS
fund to the retirement Of any outsion1 ~
bonds. to the extent of said fund In w.
shall notify the bondholders thereof 3 =
advertisement in one Of the papers puhlfdAo1'
in the City Of New Orleans and one ~
lished in the City Of New York 81 -
sixty days prior 70 the day ON which =
and denomination Of said bonds; ana IL r.
bonds are not presented for payment q -
time, then the interest shall cease ther112
Worlds Panama Exposition Company ~
not in any manner affect the validity II r.
bonds herein authorised to be issued b e
corporation or the collection Of the tsx ND
by this Constitutional amendment or b ~
ssid. " ~ ~
This amendment to the Constitution ~
prevail over ell other provisions Of the O,
as any proposed amendment to the Consl10
tion to be voted on ut the coming eee11.
to be held on Tuesday next. following ~
first Monday. in November, 1910. which ~
shall be deemed supplemental 10 the sno1&
ment proposed by Act. No. Two t3) Of ~
Acts Of the regular session OF the 0saqI
Assembly Of the State Of Louisians fer ~
in paaa of ~
the provisions Of this amendment shall -
vail and this amendment shall be in foG1'
and effect only in the event the said prspoeo@'
amendment submitted for ratification ~ ~
sion of the General Assembly Of 1910 q
ratified by the people ct the oongrseslgo1
election to be held on Tuesday next iolIe9,
is declared to be selfexecuting and 70 eoa11.
directly the authority herein granted wiiAeuc
an enabling act Of the Legislature.
Section q: Be IL further resolved -
said election shall have printed thsrsoa -
words:
For the proposed amendments to The O.
ling an issue of bonds BY the worls' .
Panama Exposition Company and the IsvytSe
o.. q further tax in the City Of New 0siss!(
al! in further aid of the exposition 60
and the words. Against the proposed snnt
ment to the Constitution OF the 6tsss q
Louisiana, authorizing IN issue Of bonds u
the Worlds Panama Exposition Compsny -
New Orleans, ali in further aid Of the ~
sition celebrating the opening Of the Psaam
Canal and eaci elector shall indi:atas g
| provided in the general election laws Of ~
State whether he votes for or ssslnss -
''''''' P. NJ LAMBREN0yr..
Lieutenant Governor and President It -
Senate.
H. g. DUPRE,
Speaker Of the House of RepressntatU4
Approved: August 10. 1910.
J. Y. SANDER9
Governor OF the State Il I1u