The Opelousas journal. [volume] (Opelousas, La.) 1868-1878, 1874-01-16

isiana in General Assembly convened
Uwo-thirds OF the members Of each house
agreeing theretO}, That the following
amendments be proposed and entered
upon the respective Journals of the Sem
ate 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 be-
fore the next general election for repre-
s%entatives to the General Assembly in
at least n newspaper in every parish
of the State in which a newspaper shall
be published. And said proposed amend
ments shall be submitted to the people
at said election in such manner and form
that the people may vote for or against
each amendment separately-i. e., "frst
proposed amendment-fOr approval" or
against approval" and in like manner
as to the others; and if a majority of the
voters at said election shall approve and
ratify such amendment or amendments,
the same shall be appropriately num-
bered and become a part of the cOnsti-
tuition, and be proclaimed as such by the
Governor and Secretary of State.
PROPOSED AMENDMENTS TO H CON
STITUTION.
No. 4.
An act of the General Assembly, No.
approved 1874, providing for the
issue Of consolidated bonds is hereby
ratified and confirmed, and the provi-
sions of said act and of this amendment
are hereby declared to be q valid c0n-
tract 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
hnIHnr fhnrnNf onI M nNurf shall aC1ai,
the payment of the principal or interest
thereof or the levy and collection of the
tax therefor; to seCure such levy, collec-
ton and payment theiudicial power shall
be exercised when necessary.
The tax imposed by said act shall DO
assessed and collected, as therein pro
yided, each and every year, until the
bonds shall be paid, principal and inter
est, and the proceeds shall be paid by the
Treasurer of the State to the holders of
said bonds as the principal and interest
of the same shall fall due, and no further
legislation or appropriation shall be re-
quisite for the said assessment and col
lection and for such payment from the
treasury.
No. 2.
Whenever the debt of the State shall
have been reduced below $25, O00, 1000, the
constitutional limit shall remain at the
lowest point reached, beyond which the
public debt shall not thereafter be in
creased and this rule shall continue in
operation until the debt is reduced to
S15,000,0 600, beyond which it shall not be
increased. Nor shall State taxes for all
purposes ever exceed fourteen and q
half mills on the dollar of the assessed
valuation of the real and personal prop
erty in the State, except in case of war
or invasion.
No. 3.
The revenue of each year derived from
taxation upon real, personal and mixed
property, or from licenses, shall be de-
voted solely to the expenses of the said
year for which it shall be raised; and if
any surplus remain it shall be directed
to sinking the public debt. All appro-
priatiOns and claims in excess of revenue
shall be null and void, and the State
shall in no manner provide for their
1noyrannf