The Louisiana Democrat. [volume] (Alexandria, La.) 1845-1918, 1891-12-30
pROMULGATIoN
PROPOSED AMENDMENTS
TO THE
Constitution d The State d Louisiana

ADOPTED BY THE GENERAL ASSEMBLY IN
STATE OF LOUISIANA, |
Orr1cr OF THE SECRETARY OF STATE.
In pursuance of the provisions OF tne
Constitution, publication is hereby maze
and given to the qualified electors OF the
state of Louisiana of the proposed amend
mcnts to the Constitution of this state,
which have been concurred in by two
thirds Of all the members elected TO each
House of the General Assembly OF 'hiS
state. at the regular SESSION thereof, hela
at the City of Baton Rouge III the year
1890. and which are required TO DC pun,
lished for the information of the qnallhea
electors of this State for three months
preceding the next election for Represeh
tativcs, and which proposed amendments
more fully appear in Joint Resolutions
Nos. 40 and 15l, which are hereinafter
officially published for the information OF
the qualified electors Of this State, ana
which will be submitted to them for their
approval or rejection, at the next general
election which will be held on Tuesday,
the 18th day of April, 1892, ut being the
Tuesday next following the third Monday
of said monthly in such manner and form
that the qualified electors may vote Tor or
AGAINST each amendment separately ana
ia majority of the qualified electors, Vo,
ting at said election, shall approve anu
ratify all or either of said proposed
amendments, then such proposed amend,
ments. or either of them, so approved ana
ratified shall become part ot the Con-
stituton of this State.
JOINT RESOLUTION No. 1lO-AMEND-
MENT No. |.
"Proposing an..amendment to the Cons 81
tuition providing for the funding OF the
bonded debt of the City OF New W
leans, other than Premium Bonds, into
four per cent? bonds; providing spe-
cial tax of one per cent. to pay the
bonded debt of the city, and exemptlng
the said four per cent. bonds from TAXA,
ton. and further authorizing the said
city to assume and pay such unpaid
claims of the Board of School Directors
of said city and parish which it may
find to be equitably due by SAID
board"
Section I. BE it resolved by the Senate
and House Of Representatives OF the State
of .onisiaua, two-thirtls of all the melii-
hers elected to each House concurrlnS,
That the following amendments to the
Constitution of the State be submitted To
the electors of the State at the next cleo
t;on for REPRESENTATIVES for the Generai
Assembly in the year le92, for the pnr.
nose of retiring the now existing valid
outstanding bonds of the city OF New Or
leans, including the bond certificates OF
bonds issued under the Act of the Leglsia-
ture No. SO of 1882, and to retire JudS
ments now or hereafter rendered against
, the city OIL floating debt claims prior tt
/ 1879. entitled to be funded under Act NO
81 of 1884. the said city of New Orleans II
hereby authorized and directed, ON ant
after the adoption of this amendment. tt
! issue through the Board of Liquidation .
e the CITY Debt, bonds to be known as tn
: Constitutional Bonds of the City OF New
= Orleans, not exceeding ten millions
l dollars, at fifty years, bearing four pc
S ceui. peg annum interest, to Dear uat
G and helm the form prescribed by the Leg
G islature. The said bonds shall be apple
by the said board to the retirement
said outstanding bonds and Judgments
BIZ the sale of said Constitutional Bond'
and application of the proceeds of sale b
: the Board of Liquidation, to pay or pul
!, chase said outstanding bonds and juds
y mcnts, or by exchanging the said Consi
II tutional Bonds for bonds, on the tern
II and in the mode prescribed by the Legl
lature. For the payment Of the intereS
and principal at maturity, OF said Const
tutional Bonds, and other outstandil
J. bonds not retired under this amendment
b and for the payment of the annual allo
ments and premiums OF the Premiu
Is Bonds of said city, the said city is hcrel
o. authorized and directed to levy annual
. and until the full payment of said bond
al a special tax Of one per cent. on all tt
10 real and personal property OF the cit
said tax to be part of, and not i'll additit
Of to the tax of twenty mills and two-tcnt
. of a mill Oh the dollar Of valuation no
levied for all purposes by the city of Nc
le Orleans, and the said tax shall be pa
-, over us collected to, and be applied
y the Board of Liquidation, to the payne
ne of the interest and principal at maturi
= of said Constitutional Bonds, and or
10 standing bonds not retired, and to t
rs payment of the allotments of Premill
J., Bonds and premiums extant, i'll the han
'e of holders.
I'd Said tax is hereby declared to be t
lis contract right of the holders of all sd
of bonds; and the exemption of said Cons
tutional Bonds from all taxation by t
City of New Orleans and State of Loaf
We ana is hereby recognized and declare
and after payment of all the annual int
IL est on said Constitutional Bonds a
n bonds not retired and the payment of
saidsannual allotments Of Premium Bon
3. and premiums eXtant in the hands
holders, and after making provisions
ne a sinking fund, at such time and of sn
!. an.amount as the Legislature prescrib
Ill the surplus of SAID one per cent shall
of disposed sof AS prescribed by the Leg
lature.
ia The act passed at the present scss
Vi No. 36 entitled IAN ACT to carry into
-, feet the Constitutional amendment pass
|tn at the present session relative to the be
,re debt of the City of New Orleans" ETC.,
and is hereby approved and confirmed
es. all it's parts. as d contract between
he City of New Orleans and the holders
-. said Constitutional Bonds, Premi
ITO Bonds and of the bonds outstanding
}al retired as aforesaid.
Section 2. Be it further resolved, q
I'VE That the city of New Orleans be ant
nm hereby authorized and empowered to
anime into and assume the payment
the claims or obligations of the Board
. School Directors for the city and pal
Ia. of Orleans due for the years 1880, Is
" 1882, 1888 and 1884, now in the hands
AIRY original owners. who have in nov
Of parted with their right:..of ownership
W pledged the same, as may be found to
be eunitahlY due by said hoard for sery