New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-01-29
No.. q.
AN ACT
Proposing amendments to the constitutio
Of tho Stata of T.ouisiana

Proposing amendments to the constitution
| of the State of Louisiana.
| Be il enacted by the Senate and House
/ of Representatives of the State OF Louisiana
| in General Assembly convened (two-thrds
| of the members of each house agreeing
| thereto), That the following amendments
| be proposed and entered upon the respec.
| tive journals of the Senate and House Of
Representatives, with the yeas and nays
| 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
al 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-i. e., first proposed
amendment, for approval or against APP.
prevail and in like manner as to the
others: and if majority of the voters at
said election shall approve and qatity such
amendment or amendments. the same shall
be appropriately numbered and become
part of the constitution, and be proclaimed
as such by the Governor and Secretary OF
State.
PROPOSED AMENDMENTS TO THE COSsTIEU.
TON.
No 1.-The issue of consolidated bonds
authorized by the General Assembly of the
State, at its regular session in the year
1874, is hereby declared to create a valid
contract between the State and each and
every holder of said bonds, which the State
shall by no means and in no wise impair.
The said bonds shall be a valid obligation
Of the State in favor OF any holder thereof,
and no court shall enjoin the payment OF
the principal or interest thereof, or the levy
and collection of the tax therefor; to secure
such levy. collection and payment. the judi.
cial power shall be exercised when neces-
sary.
The tax required for the payment of the
principal and interest of said bonds shall
be 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 holders
of said bonds 80 the principal and interest
of the same shall fall due. and no further
legislation or appropriation shall be re.
qusite for the said assessment and eollec.
ton and Ior suck payment from the trea.
sury.
No. J~Whenever the debt Of the State
shall have been reduced below twenty-five
million dollars, the constitutional limit
shall remain ut the lowest point reached,
beyond which the public debt shall not
thereafter be increased; and this rule shall
continue in operation until the debt is re.
uuctu 10 uiitbu iliIlOU NcllaTS. DeyOEE
which 10 shall not be Increased. Nor shall
taxation for ali State purposes, excepting
the support Of public schools. ever exceed
twelve ant IA half mills on the dollar OF .ne
assessed valuation OF the real and personal
property in the State, except in case ci war
or invasion.
NJ. 3.---rhe revenue Of each year derived
from taxation upon real. personal and
mixed property, or from licenses, shall be
devoted solely 20 the expenses OF the said
year for which it shall be raised. excepting
any surplus remain. which shall he directed
to sinking tine public debt. Ali appr"pri-
ations and claims in excess o. revenue
shall be null and void, and the State shall
in n" manner provide for their payment.
tSigned) CHARLES w. LOWELL.
Speaker OF the House of Representatives.
tSigned) G. G. ANTOINE,
Lieutenant Governor and President Of the
Senate.
Approved January ~, 1874.
(Signedl WILLIAM 2. KELLOGG.
Governor OF the State vi Louisiana.
4 true copy:
7. 6. DEsLONDr.
Secretary of State.