New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-01-27
No. n.
AN ACT
Proposing amendments to the constitution
of the State of Louisiana.

Proposing amendments to the constitution
of the State OF Louisiana.
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 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 tor
representatives to the General Assembly in
at least one newspaper in every parish of
the State in which 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 a majority Of the voters at
said election shall approve and ratlfy such
amendment or amendments, the same shall
be appropriately numbered and become
part of the constitution, and he proclaimed
as such by the Governor and Secretary OF
State
PROPOSED AMENDMENTS TO THE CoNsTTTU-
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 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 enjoia the payment OF
the principal or interest thereof, or the levy
and collection of the tax therefor: to secure
sucl levy, collection and payment. the judi
cial mower 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
wear 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 as the principal and interest
of the same shall fall due. and no further
legislation Or appropriation shall be re.
uuisite for the said assessment and collec.
ton and Tor such payment from the trea.
sury.
No. 2-Whenever the debt Of the State
shall have been reduced below twenty i've
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 shall
continue in operation until the debt Is re-
dnced to fifteen million dollars, beyond
which it shall not be increased. Nor shall
taxation for all State purposes, excepting
the support Of public schools, ever exceed
twelve and half mills on the dollar OF the
assessed valuation Of the real and personal
property 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
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. Ali appropri.
atoms and claims in excess OF revenue
shall be null and void. and the State shall
in no manner provide for their payment.
lSigned) CHARLES w. LOWELL.
Speaker of the House of Representatives.
(Signed1 G.. G. ANTOINE,
Lieutenant Governor and President OF the
Senate.
Approved January 81. 1874.
iSignedl WILLIAM p. KELLOGG.
Governor OF the State Ut Louisiana.
\ true copy:
?. G. DEsLONDE.
Secretary of State.