The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1910-09-17

! t}.e rsEarar s-ss4sn II 7he General Assent ply
,d.r r.,-a -. A. ~ @uaifaG eleetdr,
! - ut STATE - matte .hlAt 4iate'y aFa!!abte
| t'F ne 51.LI -" ~. 90 ftEi+h- an - pt5,.
l rs,r , w .@s ' PaGama TX
! p. N.fIhi company le and Il : hEfepS auth,
/ .F3zeG W." niH NJ Hi->L ihe oonGres5 O.. 81
re 30 ~ ''s s "a, @ ae@,5a'f for IN" an ',
| position t.lhtHfMeI af4lg Inc opening OF '!e
| Panaa.a tanae to ISSUE bonds not 70 exceed
! sahG st-2t"-tNq D"i.ars' 10 GEAR rae OF
| interest not exceeding four per centnm per
/ etHf ltF hhhEm I" be pald semi a5hna'iE,
! q he soc for got sess man par aha To Re
| due and payable il not longer than fifty
/ So years. payable al the Treasury OF the
| State Of Louisiana and in order to secure
| by the loilt rtso.ution embodied in Act No,
| Two of THE Acts Of the regular session
"t The General Assembly Of Louisiana for
| the year 1915. well further tax here
| matter .evied exclusively in the City of New
| Orleans he ard the same hereby pledged
for tn pa.meH, of said bonds in principal
| ard interest. the SAID pledge of said tax
| shall t. deemed q valid and binding pledge
and contract
| TIE t6nCs here r authorized to be issued
| by the Words Panama Exposition Company
| Shan h. registered with the Auditor of the
| State Of Louisiana and there shall be written
| or printed the following across the face of
| said bonds:
| ..r1, 1os :, ,r;rc;rsl and ;n.s,es+ ;s
ser,raa ~ 10 - ~ - snerf.1 .ar auth
| orized tv amendments to the Constitution Of
| .ne an - $50 ,berIto Tho si1natnre
| of the Auditor il his official capacity and
| bear the impress Of the seal of his Office.
! my zA"u!toi ~ nv, ..;sa o. ~ v-orId,s
| Panama EXPOSITION Company. which company
! is authorized 10 sell the same for less
NJ pa o. fv w sn;red - w Ptha
rrIre directly TO the Treasurer Of the State
| of Louisiana which funds when paid into
| tie Treasury of the State shall only be paid
! our Fey The purpose of securing site and
! for the constitution equipment and main
| tenance Of TIE exposition and shall be dis
i nursea upon me warrant of the Worlds
| Panama Exposition Company approved by
| Inc Governor. Treasurer and Auditor Of the
! ctate al Tof:i>.a8a or any two Of them
! cjder.t 10 the sale Of said bonds shall be
PAID ~ the World Panama Exposition
| said company. and 10 part of the Six Million
| Five Hundred thousand Sc. 500 OoO) d pillars
shall he used for such purpose, but the full
| fare 9: sum bonds must be received and
mad 3-.a ,he Treasury Of the State OF Louis
| ANA as above prov 4aed
| II the ameAdlnent TO the Constitution sub
the regular session Of the General Assembly
/ O; Louisiana for the year 1910 be ratified
| by the poFle then the entire amount of said
! lax collected after the issuing of bonds herein
! provided for shall be used exclusively for the
| purpose % paying tie interest and principal
! d sa.d bonds and for no other purpose.
Wien the tax thus authorized shall have
| been .apSed ly the terms of said proposed
| amendment then each year thereafter as long
| as any Ct the bonds herein authorized to be
| issued are outstanding there shall be assessed
| and collected d tax. which is hereby levied
| exclusively IL the City Of New Orleans upon
| al property subject to State taxation, sufi
| cent 70 Yay The interest upon said bonds
| and q frarilua ot the principal or fraction
! OF the principal collected for the creation
! Of a sinking fund with which to eventually
! retire SAID bonds. provided that no tax ex
ceedIng enc and one half t1!a) mills shall
be assessed ard collected during any one
year, and provided further, that il said TAX
! az and one-haf tI12 mills should be
il sufficient 10 hay the interest and the prin-
eipai Of said bonds at the maturity thereof,