The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1874-02-14
l avs of the State Of Louisiana.
PUBLISHED BY AUTHORITY
No. 4.
An Act

Proposing amendments to the cen
stitution of the State Of Louisiana.
Be it enacted by the Senate and
House of Representative ofthe State
of Louisiana i'm General Assembly
convened (two-thirds OF tie members
of each house agreeing thereto), That
the following amendments be pro-
posed 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 Ter
representatives to the General AS
sembly in at least one newspaper III
every parish OF the State in which d
newspaper shall be published. And
said proposed amendments shall be
submitted to the people at said cleo
ton in such manner and from that
the people may vote for or against
each amendment separately. g.,
"first proposed amendment, for APP
proval' or against approval" amt
in like manner as to the others and
if IA majority of the voters ut said
election shall approve and ratity such
amendment or amendments, the
same shall be appropriately number
ed and become a part OF the constitu-
ton, and be proclaimed as such by
the Governor and Secretary OF State.
PROPOSED AMENDMENTS TO THE
CONSTITUTION.
No. 1.-The issue of consolidated
bonds authorized by the General AS
sembly of the State, at It's 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 il
no wise impair. The said bonds
shall be valid obligation of the
State in favor OF any holder thereof
and no court shall enjoin the pay
ment of the principal or interes
thereof, or the levy and collection o
the tax therefor; to secure such levy
collection and payment, the jadicia
power shall be exercised when nee
essary.
The tax required for the paymen
of the principal and interest Of sal,
bonds shall be assessed and collected
each and every year until the bond
shall be paid, principal and interest
and the proceeds shall be paid by TIN
Treasurer of the State to the holder
of said bonds as the principal and i'll
terest of the same shall fall due, ant
no further legislation or appropria
ton shall be requisite for the sai'
assessment and collection and 70
such payment from the treasury.
No. 2.-Whenever the debt of tn
State shall have been reduced below
twenty-five million dollars the con
stitutional limit shall remain at th
lowest point reached, beyond whicl
the public debt shall not thereafte
be increased; and this rule shall con
tinue in operation until the debt i
reduced to fifteen million dollars, be
yond which it shall not be increased
Nor shall taxation for all State pun
poses, excepting the support of pub
lie schools, ever exceed twelve and
half mills on the dollar of the assess
ed valuation of the real and persons
property in the State, except in cas-
of war or invasion.
No. 3.-The revenue of each yea
derived from taxation upon real, pei
sonal and mixed property, or froI
licenses, shall bedevotcd solely to til
expenses of the said year for whic
it shall be raised, excepting an
surplus remain, which shall be d
rected to sinking the public deb
All appropriation and claims in e2
cess of revenue shall be null an
void, and the State shall in no MAI
ner provided for their payment.
(Signed) G. w. LOWELL,
Speaker Of the House OF Repr
sentativeS.
(Signed) G. &. ANTOINE,
Lieutenant. Governor and Pres
dent of the Senate.
Approved January "a, 1874.
(Signed) w. p. KELLOGG,
Governor of the State of Louis
ana.
A true copy:
P. &. DESLONDE,
Secretary of State.