New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-01-30
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An ACT

| Proposing amendments TO the constitution
Uf the State of Louisiana.
Be it enacted by the Senate and Hous,
of Representatives of the State of Louisiana
in General Assembly convened third!
of the members of each house agreeing
theretO, That the following amendments
he 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 for
| 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. O., first proposed
| amendment, for approval or against ap-
prevail" and in like manner as to the
others: and if majority of the voters at
said election shall approve and ratify such
| amendment or amendments. the same shall
| be appropriately numbered and become a
| part of the constitution, and be proclaimed
| as such by the Governor and Secretary OF
! State.
PROPOSED AMENDMENTS TO THE CoSsT1TU.
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
contrac: 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 holder thereof.
and no court shall EN- DIN 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 Judi
cial power shall be exercised when neces.
sarv.
The tax required for the payment of the
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 fail due, and no further
legislation or appropriation shall be re-
quisite for the said assessment and cOllec-
ton and Tor such payne Mt from the trea-
sury.
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 shall
continue in operation until the debt is re-
duced 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. All appropri-
ations and claims in excess of revenue
shall be null and void and the State shall
in no manner provide for their payment.
tSigned) CHARLES w. LOWELL,
Speaker of the House of Representatives..
(Signed) c. G. ANTOINE,
Lieutenant Governor and President of the
Senate.
Approved January 81. 1874.
(Signed) WILLIAM p. KELLOGG,
Governor of the State Of Louisiana.
A true copy:
p. G.. DEsLONDE,
Secretary of State.