St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1910-09-10
ACT No. 3
"A
SAnRta Bill No. /.
D6uhVU OIII NU. h
JOINT RESOLUTION.


JOINT RESOLUTION.
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 well 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. l. Be it resolved by tho General
Assembly of the State Of Louisiana in extra.
the members elected to each house concurring
therein, that an amendments to the Oonsti,
tuition of the State OF Louisiana be submitted
to the qualified electors Of the State for their
approval or rejection, as required by Article
321 of the Constitution Of the State Of Louis.
ians, at tho congressional election to be held
dey Of November, 1910, as follows:
In order that the tax authorized to bs
levied by the Constitutional amendment pro.
posed BY Act No: Two az Of the Acts , Of
of the State of Louisiana for the year 1910,
may, when ratified by the qualified electors
Of the State be made Immediately available
Panama Canal, the Worlds Panama Ex-
position Company be and II y hereby auth:
the United States shall designate the City
of New Orleans as the location for an OK.
position concentrating the opening OF the
IN prneps Six n hos Five Hunsd
sand ($6, $780, 00l Dollars, to bear q rate Of
interest not exceeding four per centum a per
T. not e les. an to
due and payable. in not longer than fifty
500 years, payable at the Treasury of the
ss 9 IL sad bodd e s. 70
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 1870 as we'll as further tax here
matter levied exclusively in the City Of New
Orleans, be and the same are hereby pledged
for the payment of said bonds in principal
shall be deemed valid and binding pledge
and contract
The bonds herein authorized to be issued
by the Worlds Panama Exposition Company
shall be registered with the Auditor Of The
State of Louisiana, and there shall be written
or printed the following across the face OF
said bonds:
This bond in principal and interest Ii
secured by the levy Of special tax auth
orized by amendments to the Constitution Of
the State Of Louisiana adopted in 191o,'
Of the Auditor in his official capacity and
bear the impress Of the seal of his office
The Auditor Of the State shall deliver such
Rna1 vRsp ns ss5a to p es
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 = site and
tenance Of the exposition and shall be dis
bursed upon the warrant Of the World
Panama Exposition Company, approved by
the Governor, Treasurer and Auditor Of ths
State of Louisiana, or any two Of them.
All expenses, commission or brokerage in
cident to the sale Of said bonds shall bs
paid by the Worlds Panama Exposition
said company, and no part of the Six Million
| Five Hundred Thousand $4,000. 000) Dollar.
| shall be used for such purpose. but the full
| paid into the Treasury of the State Of Louis
| lana az above provided.