New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-01-11
Adopted on division-yeas -, nays 6.

substitute bill for Senate bill No. lSS, and
moved that it be taken up section ~ sec
ton.
Adopted.
The bill was then taken up, as follows:
An act to provide for the funding of the
public debt of the State. including all legal
and valid bonds of the State, and all legal
and valid warrants and certificates of in
debtedness drawn by the Auditor of Public
Accounts upon the treasury and now I'M
paid. TO provide for the issuance of consol
idated bonds of the State of Louisiana in
exchange for said outstanding obligations;
to provide for the payment of interest and
principal OF same; prescribing the rate of
| interest. and providing fo- sinking fund;
defining the duties ana powers Of State Off
GERS under this act, and the manner and
terms on which said exchange shall be
effected; forbidding the pay nent of interest
otherwise than as provided herein: defining
and limiting the State debt under the opera
| tion of thi. act: limiting the rate Of taxa
ton for all State purposes; repeating acts
inconsistent. herewith. and repeating all
laws or parts OF lava making the State CON
tinsen,ly liable for the issuance hereafter
of any bonds. or authorizing the Governor
TO subscribe stock to any corporation.
Section one was read and adopted. On
motion OF Mr.. Barber.
Section two was read
} Mr.. Harris moved to amend BY adding to
line seventeen the words. ISSUED since the
year ls'0.-
On cal. Of the yeas and nays the Senate
! refused to adopt tho amendment by the fol-
! lowing vote:
| Yea.-Blunt, Butler. Harris, Z. + Her-
! wig. Harper, lngraham. Sypher. Weber,
! Wharton, Whitney-!o.
! Eays-Anderson, Alexander, Barber, Bel
| den, Burch. Brewster, Chadbourn. Crav-
! ford, Greene, kelso. Mascot. Rey, Stamps.
Twitche!!-f.
! Fir. Blunt moved 10 strike out in lines
| sixteen and seventeen tn. words "eevtifi
| cate of ;udebtness.'
On motion o: ME-. Barber the motion Of
! Mr.. Blunt was laid on the table.
! Mr.. Harri, moved to lay by the second
! section until after the adoption Of the other
! sections.
| Motion los:
! Mr.. Harris moved 20 adj 70 line seyeA-
| teen the words 'issued since 1867"
On motion Of Mr.. Buych the amendment
| was laid on the table.
Mr.. Harris moved the following amend
meat to line seventeen: After the word
indebtedness" IN line seventeen. section
| two. add. provided that no certificate Of
| indebtedness, except those reported by the
| Auditor in his report to the General Assem-.
bly in the year 1874. shall. be 80 funded"
Adopted.
Ga motion OF Mr.. Barber. section tive was
then adopted'as amended.
Section three was read and adopted.
Section four was read and adopted.
Section five was then read and adopted.
4! Section six was then read and adopted.
Section seven was then read and adopted.
Section eight was then read and adopted.
Section nine was then read and adopted.
Section ten was then read.
| On motion Of Mr.. Harris, the following.
after the wor,! "bond," was inserted: LEX
| cept as herein provided for
| Section ten. as amended. was adopted.
! Section eleven was then :eal and
adopted.
The following additional. eectiaa was Of
eered by Mr.. Wharton:
! Be i. further enacted. That commits
| sion, not to exceed one half of one per cent
| of the amount Of bonds negotiated. may be
! allowed to the agents authorized to make
| the exchange of bonds herein provided for.
| provided that no commission shall be al
| lowed or paid on any bonds eychan sed
| through the Auditors Office. or through the
| agency of the Governor. Lieutenant Gov.
| eTnor. Audi'o: and Treasurer.
Objections being raised. tho same was
Withdrawn by Mr.. Wharton.
| The bill! was then considered engrossed.
On motion Of Mr. Barber, the constitu-
,ional rule was suspended and the bill!
| read the third time.
On motion of III. Barber. the bill finally
| passed by :.e following vote. on call Of the
yea, and nays:
Yeas-Anderson, Alexander. Barber. Bel
den, Blunt, Butler. Bucch. Brewster, Chad
bourn. Crawford. Greene. Harris, +. F..
! Herwis. Harper. lngraham. kelso, Pollard.
Ray. Sypher. Stamps. TU.cIe!!e Weber.
Wharton. Whitney-si
Nays-None.
lne Title 10 staNc
BY unanimous con.sa. ~. Stamps intro
duced the following:
An act proposing amendments 70 the con.
stitution o. the State OF Louisiana.
Be it enacted by the Senate and House Of
Representatives of the State of Louisiana
in Genera. Assembly convened 1.-TWO thirds
Of the members Of each house agreeing
thereto). That the following amendments
= ear
tive journals OF the Senate and House of
Representatives. with the yeas and nays
taken thereon, and the Secretary Of State
shall csuse the same to be published three
months before the next general election for
representatives to the General Assembly in
at least one newspaper il every parish OF
the State in which a newspaper shall be
published. And said proposed amendments
shall he submitted to the people at said
election in such manner and form that the
! people may vote for Or against each amend
! mens separately VI. C., "first proposed
| amendment-fof approval or against APP
prevail, and in like manner as to the others;
and if majority of the voters at said cleo
| ton shall approve and ratify such amend
| ment or amendments, the same shall be ap-
propriately numbered and become a part of
the constitution, and be proclaimed as such
by the Governor and Secretary of State.
PROPOSED AMENDMENTS TO THE CoNsrryU.
I TON.
40 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 valid
contract between the State and each
and every holde, of said bonds, which
the State shall by no means and in
no wise impair. The said bonds ehal
be a valid obligation of the State in
favor of any holder thereof, and no court