The Lafayette advertiser. [volume] (Vermilionville [i.e. Lafayette], La.) 1865-19??, 1874-08-22
No. Al
An xct proposing amendments to the constitution
e of the State of Louisiana.

An xct proposing amendments to the constitution
- of the State of Louisiana.
y SECTION l. Be- it enacted by the Senate and
House of Representatives of the State Of Loui-
siana in General Assembly convened (two-thirls
of the members of each lOuse agreeing theretO).
That the following amendments be proposed and
entered upon the respective journals of the Sen
ate aud House of Representatives,. with the yeas
and nays taken thereon, aud the Secretary OF
State shall cause the same to be published three
months before the next general election for re-
prcsentativcs 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 aud
form that the people may vote for or against each
amendment separately. G., ''hrst proposed
amendment for approval" or "against arpro
val" and III like manner as to the others and
if "a majority of the voters at said election shall
approve and ratify such amendments the same
shall be appropriately numbered and become
part Of the constitution, and be proclaimed as
such by the Governor and Secretary Of State.
PROPOSED AMENDMENTS TO THE CONSTITUTION.
No l.-Tae issue of consolidated bonds au-
fhorized by the General Assembly of the State,
at its regular session in the year 1874 10 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 a valid
obligation Of the State in favor Of any holder
hereof and no court shall enjoin the payment of
the prncipal or interest thereof, or the 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 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 requisite for the said as
sessment and collection and for such payment
from the treasury.
No. 2-Whcnever the debt of the State shall
have been reduced below twenty Eve million dol
lars the constitutional limit shall remain at the
lowest point reached, beyond which the public
debt shall no: thereafter be increased, and this
rule shall continue in operation until the debt is
reduced 10 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, ex-
cept il 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 il shall be
raised, excepting any surplus remain. which
shall be directed to sinking the public debt All
appropriations 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.. e. ANTOINE,
Lieutenant Governor and President Of the Senate
Approved January q, 1874.
(Signed) WILLIAM T. KELLOGG,
Governor Of the State Of Louisiana.
a true copy:
| +. G. DEsLOxDE, Secretary Of State.
NJ QA e