New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-02-03
PUBLISHED BY AUTHORITY.
NO. II.
AN ACT

Proposing amendments 70 the constitution
Ut the State of Louisiana.
BE it enacted by the Senate and House
of Representatives of the State of Louisiana
in General Assembly convened (twothirds
Of the members of each house agreeing
thereto), That the following amendments
he proposed and entered upon the respec
tive journals of the Senate and House OF
| Representatives, with the yeas and navs
taken thereon, and the Secretary of State
shall cause the same to be published three
| months before the next general election for
| representatives to the General Assembly in
at least one newspaper in every parish of
| the State in which a newspaper shall be
| published. And said proposed amendments
shall be submitted to the people at said
election in such manner and form that the
people may vote for or against each amend
| ment separately. e. first proposed
amendment. for approval or against ap-
prevail" and in like manner as to the
others: and if majority Of the voters at
said election shall approve and ratify such
| amendment or amendments, the same shat.
| be appropriately numbered and become a
| part of the constitution. and be proclaimed
| as such by the Governor and Secretary OF
State.
| PROPOSED AMENDMENTS TO III: CoSsr.yv.
TON.
No. 1.-the issue OF consolidated bonds
| authorized by the General Assembly Of the
State, at It's regular session in the year
1874, Is hereby declared to create valid
contract between the State and each and
every holder of said bonds. which tie State
shall by no means and in no wise impair.
The said bonds shall be valid obligation
of the State il favor OF any holder thereof,
and no court shall enjoin The paymen. O;
the principal or interest thereof. or the levy
and collection of the tax therefor: t" secure
such levy. collection and payment. the Judi.
cial power shall be exercised VIXEN Leces.
sary.
The tax required Tor the naymen. 9: tho
principal and interest Of said bonds shall
ba assessed and collected each and every
year until the bonds shall be paid. principal
and interest, and the proceeds shall be paid
by the Treasurer of the State to the holder.
of said bonds as the principal and interest
of the same shall .all due. and no further
legislation or appropriation shall ie re.
quislte for the said assessment and coliec.
ton aud Tor such payment iron. the :gea.
sury.
No. 2.-Wheneyer IT,. debt Of thu State
shall have been reduced below twenty five ;
million dollars, the constitutional limit ]
shall remain at the lowest point reached,
beyond which the public debt shall no: |
thereafter be increased: and this rule shal. |
in operation until the debt is re. !,
which it shall not be increased. Nor shall I
taxation for all State purposes, excepting
the support Of public schools, ever exceed |
twelve and a half.mils on the dollar of the
assessed valuation OF the real and personal |
property in the State, except in case OF wax
Or invasion.
No. 3.-The revenue of each year derived .
from taxation upon real. personal. and
mixed property, or from licenses, Shall be
devoted solely TO the expenses of the said
ear for which it shall be raised. excepting
any surplus remain, which shall be directed
% sinking the public debt. All approp.i-
atoms and claims in excess of revenue
hall be null and void, and the State shall
II no manner provide for their payment.
tSigned) CHARLES w. LOWELL.
Speaker of the House of Representatives,.
(Signed) G. G. ANTOINE,
Lieutenant Governor and Presiden. o! tie
Senate
Approved January q. 1874.
(Signed) WILLIAM =. KELLOGG.
Governor OF the State of Louisiana.
A true copy:
Z. G. DEsLoNDE,
Secretary of State.