The Lafayette advertiser. [volume] (Vermilionville [i.e. Lafayette], La.) 1865-19??, 1891-12-19
Vol. XVII,
OFFICIAL.
PRONUNCIATION.
proposed Amendment to the Constih
lion of the State of Louisiana. +
ADOPTED BY THE GENERAL AssEMBLJIN
1890.
STATE OF T,OTISIA'


OFFICE OF THE SECRETARY OF STATE {
IN persuance of the provisions Of the 6ns-
utution, publication is hereby made andgiv-
Gu 10 the Qualified electors of the Ste of
louisiana OF the proposed amendments the
Constlt ution of this State. which havelbeen
cohcurred IN by two-thrds of all the hen,-
bers elected tD each house of the Gneral
assembly OF this State, at the regular sssion
thereof, beld at the City of Baton Roke in
the year 1890, and which are requiredto be
published for the snformation of thequali-
hed electors of this State for three norrths
procdeeding the next election for Rpresen
tatlves, and which proposed amehments
more fully appear in Joint ResoIutihs Nos.
ITO and 1874, which are hereinafter kficially
published for the information of the |ualified
electors of this State, aud which will he sub
mitted to them for their approval orfejection
ut the next general election which will be
held on Tuesday the 10Th day of .Ajril, 1892
lit being the Tuesday next following the
third Monday of said month) in sud manner
and form the qualified electors mB vote for
or against each amendment sepahtely; and
If a majority of the qualified electrs, voting
ut said election. shall approve anI ratify all
or either of said proposed amen dfents then
such proposed amendments, OF either of
them. so approved and ratified, slall become
part of the Constitution of this State. >
JOINT RESOLUTION NO lid AMEND
MENT NO. l.
proposing an amendment to tie Constitu-
tion providing for the fu1ling of the
bonded debt of the city of New Orleans,
other than Premium Bond, ,into four per
cent bonds; providing special tax of
one per cent. to pay the bSnded debt OF
the city, and excmpting the said four per
cent bonds from taxation, and further
authorizing the said city u assume and
pay such unpaid claims ofthe Board of
School Directors Of said ciE and parish
which it may find to be eiuitably due
W said board"
r1oN /. Be it resolved by the Senate
and a.ouse of Representatives Df the State
OF Louisiana, two-tiirds of all ne members
elected TO each. house concurring, That the
following amendments to the Constitution Of
the State be submitted to the electors of the
State at the next election for Representatives
for the General Assembly in thu year 1892.
for the purpose of retiringithe low existing
Notwithstanding bonds of the city of New
Orleans, including the bond certificates or
bonds issued under the act of the Legislature
No. So of 1882 and to retire judgments now
or hereafter rendered against the city ON
floating debt claims prior to 1879, entitled to
be funded under act No. 67 Of 1884. the said
city of New Orleans is hereby authorized and
directed. on and after the adoption of this
amendment, to issue through the Board of
Liquidation Of the City Debt, bonds to be
known as the Constitutional Bonds Of the
City Of New Orleans, not exceeding ten mil
liona of dollars, at fifty years, bearing -four
per cent. per annum interest, TO bear date
and be in the form prescribed bNthe Legisla-
ture. The eaid bonds shall be applied BY the
said board to the retirement Of said outstand-
Ing bonds and judgments, by 3he sale Of said
constitutional Bonds, and application of the
proceeds of sale by the Board Of Liquidation
10 nav OF purchase said outstanding bonds
and judgments. or by exchanging the said
Constitutional Bonds for bonds, on the terms
and in the mode prescribed by the Legisla.
ture. For the payment Of the interest and
principal at maturity, of said Constitutional
bonds. and other outstanding bonds not re.
tired under this amendment, and for the pay
,nent Of the annual allotments and premiums
of The Premium Bonds of said city, the said
CITY is hereby authorized and directed to levy
annually, and until the full payment OF said
bonde, q special tax Of one per cent. on all
the real and personal property of the city
aaid tax to be part of, and not in addition tc
the tax Of twenty mills and two-tenths of 9
mill on the dollar of valuation now levied
for all purposes by the city Of New Orleans
andsfhe said eax shall he paid over as collect
ed Is, and be applied by the Board Of Liquii
dation;s to the payment Of the interest and
principal at maturity Of said Constitutions
Bnpds. and outstanding bonds not retired
and to the payment of the allotments Of Pre-
MUM Bonds aud premium extant, IN thf
: hands OF holders.
Said tax is hereby declared to be the con
tract right of the holders Of oil said bonds
and the exemption of said Constitutions
= BONDS from all taxation by the City OF New
Orleans and State of Louisiana is hereby re
cornized and declared, and after payment
the said annual allotments OF Premium
Rouds and premium exta>t in the hands o1
holders. and after making provisions Tor
sinking fund. at such time and OF such AZ
ameunt as the Legislature prescribes, tn
smrrlns Of one per cent shall be disposed o
a prescribed by the Legislature.
The act passed at the present session No
s6 entitled IAN act to'carry into effect To-
the Constitutional amendment passed at TN
nteseut session relative to the bond debt 9
The CITY af New Orleans" etc.. be and
hereby approved and confirmed IN all 1t
narts as q contract between the City Of Nev
Orleans and the holders of said Constitution
II Bonds and Of The bonds outstanding not re
tired % sfo8ssM.
SECTION I'll Be It further resolved, etc
THAT the CITY of New Orleans be and is here
.nthnri,ed and empowered to examin