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

II the amsndnsnt 70 the 0onstituMcn -.
hs regular ~ Act s... S Dr9 III! of The 3
Of Louisiana for the year 1910 be ratified
by the pople, then the entire amount of said
provided for, shall be used exclusively for tA9
purpose of paying the interest and principal
of said bonds and for no other purpose.
When the tax thus authorised shall have
been lapsed by the terms of said proposed
amendment, then each year thereafter rs long
IS any of the bonds herein authorized to be
issued are outstanding. there shall be assessed
and collected tax, which 10 hereby levied
exclusively in the City of New Orleans upon
oil property subject to State taxation, sum.
and . fraction Of the principal or fraction
OF the principal collected for the creation
Of a sinking fund with which to eventually
ceeding one and ne-hah uh) mills shall
be assessed and collected during any one
year; and provided further. that II said 's1
insufficient to pay the interest and the prin-
cipal Of said bonds at the maturity thereof,
then this tax shall continue and be asses:ed
and collected until the entire amount due
paid.
From and after the time the tax herein
levied becomes operative, II shall be the duty
OF the Treasurer Immediately after the annual
listing and valuation of the property in the
City Of New Orleans. to a1 The rate Of tas g,
n' said bonded dsss and fraction se Of
s,nePs das tina, 2. tn. iiO09
for the retiring Of said bonds. Upon ascss.
tanning said amount, he shall direct the as
authority charged with like duty Of City
of New Orleans or Parish Of Orleans, to
extend upon the assessment rolls such rate
to pay said interest and fraction Of prin-
cipal as aforesaid; provided that said tau
shall not exceed one and onshah l1h) mills
and collected, without costs or commission,
in the same manner as State taxes are col
lected and shall be paid BY. the eollectOr9
Louisiana, who il hereby authorised TO dis
burse the same to the holders Of the bonds
herein provided for, in payment Of the in
the presentation to him Of the bonds or th0
interest coupons as the case may be.
=, All funds arising hereunder which 90 int
realized from the sale Of said bonds or from
the levy and collection Of any tax or taxes
K as d apa si
and upon the same terms and conditions -
:ran Sh spoa ssi d SsS: s.d
to the particular fund from which the in
terest was derived, and shall be used. 70!
the same purpose for which the principal a
The bonds herein authorised and the tau
levied and collected and pledged for the
valid and binding contract, and the faith Of
the State of Louisiana is pledged to the con-
tinuous collection of said tax, authorised By
final payment Of all Of said bonds in prin-
cipal and interest. Said bonds shall b
exempt from all taxation, State, Parish. and
tors OF interdicts are authorized to invest
the funds in their hands in said bonds.
Any time after five years shall have lapsed
from the date of the issuance Of the bonds
herein authorized, the Treasurer Of the State
of Louisiana shall at any interest paying
period be authorized to apply the sinking
bonds, to the extent Of said fund. in thei5
reverse numerical order. and the Treasurer
shall notify the bondholders thereof by an
advertisement in one of the papers published
in the City of New Orleans and one pub
lished in the City Of New York. at least
sixty days prior to the day on which the
and denomination of said bonds; and IL said
| bonds are not presented for payment at such
time then the interest shall ,;a; cease thsrsSn:
Worlds Panama Exposition Company shall
not In any manner affect the validity Of the
oonas nerein a1 h Iss 20 % issaec py si
| by this Constitutional amendment or by that
proposed by Act No. Two Of 1910 - afcrs'
This amendment to the Constitution shan
| prevail over all other provisions Of the Con.
stitution of the State of Louisiana. as well
tion to be voted on at the coming sisctioa
s?.s y Monday IL IN November. 1910. which may
shall 5. deemed supplsmsntsi to tie am:nS
ment proposed by Act. No. Two t2) of the
Acts Of the regular ssssion Of the General
Assembly of the State of Louisiana for the
the provisions Of this amendment shall pre-
vail and this amendment shall be in force
and effect only In the event the said proposed
No. Two !2) Of the Acts Of the regular SEES
sion Of the General Assembly of 1910 10
ratified by the, people ct the congrsssionsl
ing the first Monday in November. 1910. ana
| Is declared to be selfexecuting and 70 confer
directly the authority herein granted withouS
act n furis:r rs.c;. ,
That the Official ballot TO- be used st the
said election shall have printed thereon The
For the proposed amendment TO the Cea-
stitution Of the State Of Louisians, author.
izing an issue of bonds by the World .
Panama Exposition Company G;,y and the :yyias
all in further cid Of the s1position ceis:
brating the opening Of the Panama Canal
and the words, Against the proposed amsnd:
Louisiana, authorizing an Issue Of bonds By
the Worlds Panama Exposition Company and
the leyying of further tax in the City %
sition celebrating the opening Of the Panama
| Canal" and each elector shall indi:ate. ~
| provided in the general election laws CT the
State whether he votes for or against the
e'''' P. M. LAMBREMoNr.
Lieutenant Governor and President Of The
| Senate.
Speaker Of the House Of Representatives
Approved: August 10. 1910;
Governor Of + .h y; s s.... Il i..,.....,
join 15ai coy; MICHEL.