The Comrade. (Winnfield, La.) 1890-1914, 1910-10-21
ACT No. 2
Eenata Pill No

~
p, onos;ns an amendment to the Constitution III
Of the State OF Louisiana, autnorizlng '.o sa
worlds Panama Exposition Company !" w
issue bonds and pledge the tax w "I;aa !; Is
Act No Two (2) of the Acts OF the IL
further tax in the City of New Orleans, to Of
be Levied and collected on'y aiofn |M0 has a
levied under the above resoiu'ion 't"' b
lapsed. -, +ho Camera, q
Assembly of the State OF LOUISIANA 1s ei al
the mer1bers elected to each mouse coht Gt t
therein, that an amendment TO- the Consul, \
tuition OF the State OF LOUISIANA h s od for their
snnrcvnI or rejection. as required by Article 7
B2l OF the Constitution Of the State OF h9 naI
lana at the congressional eect'on % rs De M deu
On The Tuesday next following the hrst hloh
day of November 1910, as follows:
n " order that the tax authorized to be
levied by the CONSTITUTIONAL amendment nor ~ pfoi
the regular session Of the General Assembly
Of the State OF Louisiana for the year lsdu,
may, when ratified BY the qualified e,eGspITs
Of the State be made mm a,,atin ~ e1nos
, lion st to p commemorate the opening Of the
Panama Canal, the Worlds Panama H1 III, ~
position Company be ana y t Is Goncress Of
eh s qn Wnsn States shall designate the City
y; New Orleans as the location for an e1.
position commemorsting the ope nt : e1ceed
<, nr;n.nsl SIX Million Five Hundred Thou
sand $1,000 oool Dollars, to bear rae AZ o.
interest not exceeding four PET cen,lm ~
to be sold for not less than par ana to s. Dc
due and payable In not longer than MY ny
o PAYABLE At the treasury orG.T y 81 Secure ee
tno Pc Pa'; oint resolution embodied in Act No
Two (2) Of the Acts Of the regu!af aesst sor
the wear 1910, as we'll as further tax mere Mre-
matter levied exclusively In the City Of New ."s
Orleans. be and the same are hereby pie soai
snr The payment OF said bonds IN principal
snd interest the said pledge OF, said TAX
s sho,, he deemed valid and binding pledge
and contract. .,:, - ha ;seued
Ky H,a Wnrld's Panama Exposition Company
sSo,, he registered with the AUDITOR OF Tue
Stare 81 Louisiana, and there shall be writer,
or printed the following across inc lace "a
'S '.rhis bond in principal and interest y. Is
secured by tho levy OF a SPECIAL tax K: autn
orized by amendments to the N
IN, whch shall have affixed thereto the signatur!
of the Auditor in his official capacity &C; "a s rs
bear the impress OF the sea- seal, d deliver suc
h hme n" when thus certified to the World
ponama Exposition Company, which compia an
IA authorized to sell the same lor ~. ho' n ,ns
.haa pa thereof shall be required to pay tn
r nr;ce directly TO the Treasurer of the stat
Of Louisiana, which tunds Wnen pun 40;
The Treasury OF the State shall only IT, e. pal an
sor Che construction. equipment and mai
tenance OF the exposition ana s ma World W
Panama Exposition Company approved pro ei ),
The Governor Treasurer and Auditor r OF u
State OF Louisiana. or any two OF OF, mem .ienc
xii EXPENSES commission or brokeragH9
o,dant IN the sale Of said bonds, shall!
nn;d Nv the Worlds Panama Exposlh'
Company out of other funds nd ~ ee s;n gMi
sac f Hnnpdrea thousand ooo) Doa
shall be used for such purpose nut .ne -
face Of such bonds must be receiveq a q
paid into the Treasury ';5yya OF the ''a'e u '''D
'ai r a che amendment to the Constitution 81
mitted ii by Act No. Two ~ Of the l Acts s,
the regular session OF me e 1oto he N rata
NV ths pople. then the entire amount OF rs 81
tax collected after the issuing OF bonds n. nef
provided for, shall be used exciuslsey ~. ;Ot Il
rurnnge Of paying the interest ana prlhc4
&c ~ said bonds and for no other purpose;
When the tax thus authorized shail NJ
been lapsed by the terms o. sa,a pl as
n issnei are outstanding. there shall Oe ass a
and collected tax which is HEREBY er5nSne leu
exclusively in the Cty q Ne ts vnt s.
cien to to Day the interest upon said J.. 20
and d fraction Of the principal or fra ac
Of the principal collected t9r the .v er1n
OF i.so s .a;d Ion 1 provided that no tax
r esMn s' one and one-half az mills
Be assessed and collected d l5et Il a sa|d
9sg II faa one ar and one.half az mills should
- &c to nav the interest and the
cipal Of said bonds at the maturity Inv. .ne'
7ssa then this tax shall continue anu % asso
md Collected until the entire amount
on said bonds in principal anu 'A'ei0
ssssA paid. 49,. ~. +ax he
~ the Treasurer Immediately after the an 81,
Sst i,as and valuation Of the property IN
City Of New Orleans to ilx s sie T nronerty
that saiS IebSd ond sd'n debs and the fraction
principal due that year or inc .;n llane.o
ihe prnsiIpa; 70 d fg said bonds Upon
. .oi ,,,s said amount, he shall direct tn
sSs SCISSOR or Board of Assessors or suen
authority charged WIN Por ilHe Of &c 0r.ean
sxtand mon the assessment rolls sucs Z
Snf taxation as viii yield an amount sun s.,
90 pay said interest ana, II i1ac NV sa;i
s shsii not ~ exceed as one and one.haf (1hl
s sns anw one wear. This tax shall be ass
and colested without cs state Or f.ses ar
sstsa, ana % s the treasurer the sa
i,ouisiana, whe is hereby suthorsze "a
h.rsss The same to the holders OF .ne !,
b bersy mr. provided for, in payment Of ! y
terest and principal due On , Saaa ho ondas
thes presentation to him OF me oo he
ssss INTEREST coupons as the case may os
xii funds arising hereunder WHiG =. 3 :
.hs State Treasury whether same have
lated. from the sale OF said bonus o.
the levy and collection o. any 4 aa1 1s y,
sns referred to shall by the ire
\ X aannsited in the same depository
s ss manner. at the same rate q Z. !
ma sna anon he same terms and c0nditi
are sther State funds and all in.ef $
srang upon said deposits shall l.h; % :
sn the particular fund from !, Wh mn ).
Sss ssrest was derived and shall be US
sSss same purpose for which me prime
Sssas ssaid sum Is intended.
t1.1sha bonds herein authorized ana
Saved and collected and pleageo !.
ssnvment OF said bonds EhaH so .
gniid and binding contract, ana ta nc !: !.
shs State OF Louisiana is pledged 70 )!
s;nnosls collection Of said tax, aMsho y,
said Constitutional amendments. s. " !:
anal payrnent OF all OF sad sponus .
sinai aud interest. SAID poha 3. e =
srsYnpt from all taxation. state. =! Z az y,
Wrn,einal md the tutors OF minors an
snrs n inferdicts are authorized %
she funds in their hands IN SAN SAN p " =.
Anv time after Ave years snail ha ~
s~cn, the date OF the issuance OF tn y,
sssS hare;n authorized, the Treasurer oI =
- shall AT any tNtcTeSt