Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1910-11-18

II the amendment to the Constitute. -.
mitted by Act No. Two (2l Of the Ae<s =
the regular session of the General Asss~xS
Of Louisiana for the year 1910 be rsf5SX
by the pople, then the entire amount Of ~
tax collected after the issuing Of bonds ks,.;
provided for. shall be used exclusively For ~
purpose Of paying the interest and prinais3
OF said bonds and for no other purposs.
When the tax thus authorized shall -
been lapsed by the terms of said pro.,sY
amendment, then each year thereafter ~ ~
as any of the bonds herein authorized n ~
issued are outstanding, there shall be sssS,usS
exclusively in the City Of New Orleans -
all property subject to State taxation. ~
cient to pay the interest upon saidvkSL
and fraction of the principal q frse1is
OF the principal collected for the cresfs
Of q sinking fund with which to eventusSs
retire said bonds; provided that no tar -
be assessed and collected during any oss
year; and provided further. that II saId -
of one and one-half q " mills should q
insufficient to paw the interest and the -.
cipai of said bonds at the maturity thsrsoS
then this tax shall continue and be ssasss1
and collected until the entire amount ~
on said bonds in principal and intersut y
paid.
From and after the time the tar 49,.
levied becomes operative, it shall be the x.<
OF the Treasurer Immediately after the anrrS
listing and valuation of the property m -
City of New Orleans to fix the rate Of tsss
ton to be imposed upon said property q.
that year sufficient to pay the inter-
on said bonded debt and the fraction AZ -
principal due that year or the frsction y
the principal to constitute a sinking ~
for the retiring of said bonds. Upon 49,
tanning said amount, he shall direct the -
SCISSOR or Board of Assessors or such otis,
authority charged with like duty OF a..
of New Orleans, or Parish Of 0rlsana -
extend upon the assessment rolls such 49,
of taxation as will yield amount subse;s.s
to pay said interest and fraction Of nj.
FINAL aforesaid. nroy1dpd hat
shall not exceed one and one-haf ia Mn
for any one year. This tax shall be assssssS
and collected, without costs or commissios
in the same manner as State taxes are ~
lected and shall be paid by the collse,oss
directly to the Treasurer Of the Stat ~
Louisiana, who is hereby authorized to>ais.
burse the same to the holders OF the hon5.
herein provided for. in payment of the n
terest and principal due on said bonds ~.
the presentation TO him of the bonds or ~
interest coupons as the case may be.
All funds arising hereunder which 20 M.
the State Treasury whether same have ~.
realized from the sale of said bonds or ~,
the levy and collection of any tax or tsrss
herein referred to shall by the Tressurey
| be deposited in the same depository. IN IN,
same manner. at the same rate Of intsys~S
and upon the same terms and conditions 4
are other State funds and all interest a.
cruing upon said deposits shall be credited
to the particular fund from which the IN
terest was derived, and shall be used ios
the same purpose for which the principal 4
The bonds herein authorized and the tar
| levied and collected and pledged for -
| payment of said bonds shall constitute :
valid and binding contract, and the fsitH 4
| the State of Louisiana is pledged to the con
tinuous collection Of said tax. authorized II
said Constitutional amendments until ~
final payment of all Of said bonds in pin
| cipal and interest. Said bonds shall Il
exempt from all taxation. State. Parish -
| Municipal and the tutors Of minors and csrn
tors of interdicts are authorized TO invs1l
the funds in their hands in said bonds.
Any time after five years shall have Lard
| from the date Of the issuance Of the bonk
herein authorized, the Treasurer Of the Gt1S
| of Louisiana shall at any interest payinr
fund to the retirement of any outstaa6lsS
bonds. to the extent Of said fund, n ~
| reverse numerical order. and the Trsasnro
shall notify the bondholders thereof By Z
| advertisement in one of the papers pubIlaA2
in the City of New Orleans and one -.
| lished in the City of New York, ct ~
sixty days prior to the day ON which q
and denomination Of said bonds; and Il q
| bonds are not presented for payment Of M
time, then the interest shall cease thegsea
The dissolution and liquidation Of -
| Worlds Panama Exposition Company shsn
| not in any manner affect the validity Of ~
| bonds herein authorized to be issued By ~
| corporation or the collection of the tax levioi
| by this Constitutional amendment or BY ~
e ssid. 0s ACT NO. Two OF i'i0 . NO.
This amendment to the Constitution IA
prevail over all other provisions Of the o.
| stitution of the State of Louisians, as ~
| as any proposed amendment to the Constilo-
| ton to be voted on at the coming essliun
to be held on Tuesday next following ~
first Monday in November. 1910. which naQ
shall be deemed supplemental to the annk
| ment proposed by Act. No. Two f21 Of -
Acts Of the regular session Of the Gsne!a
Assembly of the State of Louisians for ~
| 1910. and OF CONFLICT fhf-r~ n
the provisions Of this amendment shah ~
| vail and this amendment shall he IN fprce
and effect only in the event the said pr'pose1
amendment submitted for ratification b. ~
No. Two (2) of the Acts of the regular -
| sion of the General Assembly of 1910 4
ratified by the people at the congressioaa
election to be held on Tuesday next fotls9
ing. the first Monday in November. 1910. -
| is declared to be self-executing and 70 coaie
| directly the authority herein granted vithou
an enabling act Of the Legislature.
| Section q: Be 1t further resolved, -,
| That the Official ballot to be used q ~
said election shall have printed thereon ~
words:
For the proposed amendment to the o.
izing an issue of bonds by the wore's
Panama Exposition Company and the lsvyi1e
OF q further tax In the City Of New. 0rlss!l
al! in further aid Of the exposition ~
end the words, Against the proposed ansl1
ment to the Constitution Of the State =
Louisiana, authorizing an issue OF bonds n
the Worlds Panama Exposition Comp.ny -
| the levying of further tax in the City =
New Orleans. all In further aid Of the err
| sition celebrating the opening Of the Psnaao
| Canal and eaci elector shall indisste, -
provided in the general election laws q -
p'0p0''' '"'''" p. M LAMBREMoxr.
Lieutenant Governor and President Of ~
| Senate.