The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1879-07-10
The Convention.
from the Shreveport Times.l

New Orleans, July 1.-The con-
vention adopted article two of the
minority report, recognizing the
principal of the state debt as consti-
tutional under the funding act, but
reducing the interest three per cent.
for fifteen years, and four per cent.
thereafter.
New Orleans, July 1.-The follow
ing is the ordinance adopted in the
convention today as settlement
of the dept question:
ARTICLE 1. The interest hereaf-
ter to be paid on the consolidated
bonds of the state be, and the same
are hereby fixed at three per cent.
per annum for the period of fifteen
years from the first day of January,
1880, and at four per cent. per an
mum thereafter, payable semi-annu.
ally.
Article 2. The holders of said
consolidated bonds may, at any
time. present their bonds to the
treasurer of the state, or to an agent
to be appointed by the governor,
one in the city of New York, and
the other in the city of London, and
the said treasurer or agent, as the
case may be, shall endorse or stamp
thereon the words "Interest reduced
to three per cent. per annum for fiji
teen years, and four per cent. per
annum thereafter.
Article 3. The coupons of the
said consolidated bonds falling due
the first day of January in the year
1880 be, and the same are hereby re-
mitted, and any interest taxes col
collected to meet SAID coupons, are
hereby transferred to the account
of the general fund to defray the
expenses of the state government.
After disposing of the ordinance
relating to the public debt, the con-
vention took up the report of the
committee on general provisions
and adopted several articles one of
which fixes the capital at Baton
Rouge. A long and bitter fight en-
sued over this article, as the advo-
Gates of New Orleans were striving
hard to retain the capital here.
The proposition to locate it at Baton
Rouge was finally carried by a vote
of nearly two to one.
New Orleans, July 2.-Several ar
ticles of the ordinance reported by
the committee on general provisions
were adopted. Article 20, authoriz
ing the general assembly to grant
lottery charters or privileges, each
charter to pay $4,000 per annum
into the State Treasury; all charters
shall cease January, 1895, and from
which time all lotteries are prohibit
ed in this State, also recognizing a!
a contract binding on the State tn,
charter of the Louisiana State Lot
; terry except its monopoly clause
which is abrogated; adopted. Yea
SO, nays So.
New Orleans, July 3.-The Con
vention adopted a number of art
} cles Of ordinance presented by tn
, committee on general PROVISIONS
; Among them is one prohibiting tn
5 sale of alcoholic liquors on Sundays
: and providing that the next Legis
0 lature shall pass law for the pur
4 ishment of the violations of this Al
Q ticle.
S New Orleans, July 5.-The Coz
4 vention authorized the finance con
t mittee to withdraw the ordinanc
e already passed appropriating s25
p 600 for expenses Of the Conventio
= and provide ways and means to ca
~ On business, Auditor Jumel h a
q ing refused to acknowledge the a
g thority of the Convention to wa
q rant for funds in excess of ii
. amount appropriated for the Co
|. yentiOn's exDenseS bv the last Tie