The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1874-04-04
No. A.
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
REPRESENTATIVE 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 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 Assembly In at least one newspaper
IN every parish of the State in which a news
paper shall be published. And said proposed
amendments shall be submitted to the peo-
ple at said election in such manner and form
that the people may vote for or against each
amendment separated -i.e : hfst proposed
amendment, for approval" or against ap-
prevail and in like manner as to the others;
and if a majority of voters at SAID election
shall approve and ratify such amendment or
amendments, the same shall be appropriately
numbered and become part OF the constr
tuition, and be proclaimed as such by the
Governor and Secretary OF State.
PROPOSED AMENDMENTS TO THE CoNsTITU-
TON.
No. 1.-The issue of consolidated bonds
authorized by the General Assembly OF the
State, at it's regular session i'll the year 1874,
is hereby declared to create a valid contract
between the State and each and every hold
er 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 enioin 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 judicial power
shall be exercised when necessary.
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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 as the principal and interest OF
| the same shall fall due, and no further legIS-
| lation or appropriation shall be requisite for
| the said assessment and collection anu 1of
/ such payment from the treasury.
| No. 2-Wheneyer 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 shall continue III
/ operation until the debt is reduced to fifteen
| million dollars, beyond which it shall not be
| increased. Nor shall taxation for all State
/ purposes, excepting the support OF puDllc
| schools, ever exceed twelve and half mills
/ on the dollar of the assessed valuation OF the
real and personal property IN the State, ex-
| cept 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 foT
| which it shall be raised, excepting any sur
plus remain, which shall be directed to sink
| ing the public debt All appropriations and
claims i'll excess of revenue shall be null and
void, and the State shall in no manner pro
Ia 4l1Af1s IasayrI Naflt