The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1874-10-10
An Act

Proposing amendments to the Constitution
of the State of Louisiana.
Section1. Be it enacted by the Senate
and House of Representatives of the State
of Louisiana in General Assembly convened
two thirds Of the members Of each house
agreeing thereto), That the following amend
ments be proposed and entered upon the
respective 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
the State in which a newspaper shall be pub
lished. 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. 9. first proposed
amendment for approval or against APP
proval," and in like manner as to the others
and if a majority Of the voters at said cleo
ton shall approve and ratify such amend
ment or amendments, the same shall be APP
propriately numbered and become part Of
the constitution, and be proclaimed as such
by the Governor and Secretary Of State.
No. 1.-The issue of consolidated bonds
authorized by the General Assembly of the
State, ut 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 valid obligation of the
State in favor of any holder thereof, and no
court shall enjoin the payment Of the prin-
cipal or interest thereof, or tho levy and
collection OF tax therefor; to secure such
levy, collection and payment, the judicial
power shall be exercised when necessary
The tax required for the payment of the
principal and interest of said bonds shall be
assessed and collected each and every year
until said 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 as the principal and interest of
tho same shall fall due, and NO further leg
isiation or appropriation shall be requisite
for the said assessment and collection and
for such payment from the treasury.
No. 2.-Whenever the debt Of the 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 not thereafter
be increased, and this rule continue in op-
Grafton until the debt is reduced to fifteen
million dollars, beyond which it shall not
A'o AAOACAScONs ANVA 0u0lL tasA0SlUA xOE 8u
State purposes, excepting the support of
public schools, ever exceed twelve and
half mills on the dollar of the assessed valu-
alton of the real and personal property in
the State, except in case of war OF 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
year for which it shall be raised. excepting
any surplus remain, which shall be directed
to sinking the public debt. All appropria-
tons and claims IN excess of revenue shall
be null and void, and the State shall in no
manner provide for their payment.
(Signed) CHARLES w. LOWELL,
Speaker of the House Of Representatives. |
(Signed) c. C. ANTOINE,
Lieutenant Governor and President of the
Senate.
Approved January Gath, 1874.
(Signed) WILLIAM p. KELLOGG. !
Governor Of the State Of Louisiana.
A true copy:
r. G. DEsLoNDE, Secretary of State.
An A ct. |