The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-11-10
PROPERTY HOLDERS UNIyN

According to call the Central Executive Com
mittee Of the Props rty Holders Union met at
Mechanics Institute last night.
The meeting was called to order at s o'clock.
On the absence Of Mr.. A. Mitchell. President,
Mr.. W B. Kountz was called to the chair.
Mr.. Seaman submitted lengthy report on The
question of taxation.
Dr.Tebault submitted report on assessments,
showing the assessment of each municipal dis
trict. The report was received AID ordered
spread upon the minutes.
The following resolution, offered by DR..
Tebauit was read
Resotred, That a committee Of FIVE be ap-
pointed to call upon the Republican and Demo-
cratic tate Central Committees, with the view of
ascertainng what they propose to recommend
toward decreasing the present rate ct taxation,
State and city; what reform in the matter of as
sessments they propose: whether they are pre-
pared to advocate a Constitutional Convention il
time Tor the results CT that convention to be SUBJ
mited to the people at the next general election;
whether among other amendments to that instru-
ment they will urge one per cent as The total
local tax, and one halt Of one per cent as the
to: al State tax-that is, one and one-hali
Of one per cent as the extreme
total tax OF one locality-thus making
q uniform tax limitation throughout the
t1Onal amendment, clause prohibiting the
State or any city, town or parish or county there
OF, from contracting any debt or loan, for any
purpose or purposes whatever, unless the same
be first submitted to the people and receive the
approval Of three fourths OF the voters OF this
State, or city or cities, town or towns, parish or
parishes or counties thereof against whom the
debt or loan is to bear: provided specific and
designated tax be agreed upon, at the same cleo
ton, which shall meet the current interest reg
nd xx,1,t oh boil oil m Inl I,.fy
fund competent to retire the debt OR loan thus
endorsed at maturity; and that if these partic-
ult be not fully and completely carried out in tine
cJntrac ion OF any future debt or loan the same
is hereby declared null and void; whether they
will advocate that assessments be based hereaf-
ter On sixty per cent Of the marketable value OF
property; whether they will by constitutional
amendment render it competent for a succeed.
ing Legislature to review, amend or nullity any
or sl measures adopted by former Legislatures
if thought advisable; and whether they will
agree to prohibit our Legislature hereafter from
making any contract or contracts or creating any
monopoly or monopolies whatsoever, unless the
same be first submitted to the vote OF the people
and shall receive q three-fUurths vote OF ap-
proval.
Carried.
The following gentlemen were appointed on
the committee: DR.. Tebault, l.. J. Highly, J.
Hughes, D. P. Seaman, J. d. Hill, and the Chair.
The following resolution, We're offered by Mr..
Seaman
Resolred, That the Secretary and President are
hereby requested to Gall the meetings Of this
Council hereafter by adv easements in the Bull
LETIN, Bee, Picayat,se and Times every Tuesday
morning.
Be ii further resolred, That the Finance Com
mi; tee are hereby requested to devise the ways
and means Of meeting the additional expense by
an additional assessment of fifty cents per month
ON each member.
Carried.
Dr. Tebault announced that there would be a
mass meeting at Magazine Market next Thurs
day night at o'clock.
Whereupon thu meeting adjourned.