The Meridional. (Abbeville, La.) 1856-1906, 1891-12-19
become a part of the Constitution Of this
JOINT RESOLUTION NO. no-AMEND-
TENT No

0ocouA6 % pdk6 u knO SOASOAeuelVA "a IMA% 4
JOINT RESOLUTION NO. uo-AMEND-
MENT NO. ]. .
Proposing an amendment to the Con
stitutien providing for the funding Of
the bonded debt of the city of New
Orleans, other Than premium Bonds.
into four per cent bonds; providing O
special tax of on per cent. to pay the
bonded debt of the city, and exempt
ing the said four per cent. bonds fr8m
taxation, and further authorizing the
said city to assume and pay such IN
Directors of said city and parish which
it may find to be equItably due by said
b0ard.1
SECTION l. Be IL resolved by the Eenrse
and House Of Representatives. of the Stats Of
Louisiana, ttCo-thirds of oil the members cleo
ted to each house eoncarring, That the fol-
lowing amendments to the Constitution
of the State be submitted to the electors
of the State at the next election for Rep
re~sentatives for the General Assembly in
the year 1892, for the purpose of retiring
the now existing valid outstanding bonds
of the city of New Orleans, including the
bond certificates or bonds issued under
and to retire judgments now or hereafter
rendered against the city on floating debt
claims prior to 1878. entitled to be funded
under act No. 81 1884, the said city of New
Orleans is hereby authorized and directed,
en- and after the adoption OF this amend
dation Of the City Debt, bonds to be
known as the Constitutional BOnds.of the
City of New Orleans, not exceeding ten
millions of dollars. at fifty years, bearing
four per cent. per annum interest, to bear
date and be In the form prescribed by the
| Legislature. The said bonds shall be APP
piled by the said board to the retirement
of said outstanding bondsand Judgments,
by the sale of said Constitutional Bonds,
and application of the proceeds of sale by
the Beard of Liquidation, to pay or puT-
chase said outstanding bonds and jndg-
ments, or by exchanging the said Constr
tutional Bonds for bonds, on the terms
and in the mode prescribed by the Legis-
lature. For the payment of the interest
and principal at maturity. of said Consti-
tutional Bonds, and other outstanding
bonds not retired under this amendment,
and fer payment of the annual allotments
and premiums of the Premium Bonds OF
ICED and directed to levy annually. and
until the full payment of said bonds, 9
special tax of one per cent. on all the real
and personal property of the city, said tax
to be part of, and not IN addition to 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 Or
leans, and the said tax shall be paid over
as collected to, and be applied by the
Board of Liquidation, to the payment of
the interest and principal at maturity OF
said Constitutional Bonds, and Outstand-
ing bonds not retired. and to the payment
of the altotments Of Premium Bonds and
extant, in til hands of holders.
Said tax is hereby declared to be the
contract right of the holders of all said
bonds; and the exempt on of said Consti-
~tutional Bonds from all taxation by the
City of New Orleans and State of Louis
lana is hereby recognized and declared.
and after payment of all the annual inter
est on said Constitutional Bonds and
bonds not retired and the payment of the
said annual aIlotments of Premium Bonds
and premiums extant In the hands of
holders, and after making provisions for
g sinking fund, at sueh time and of such
an amount as the Legislature prescribes,
the surplus of said one per cent. shall be
rdisposed of as prescribed by the LegisIa-
tare.
The act passed at the present session
No. Sc entitled IAN nct.to carry into effect
the Constitutional amendment passed at
the present session relative to the bond
nebt of the City of New Orleans, etc, b9
and is hereby approved and confirmed in
all its parts as q contract besween the
CITY of New Orleans and the holders OF
said Constitutional Bonde and of the b0nns
! outstanding not retired as aforesaid.
SECTION q. DIT u JN3tHEF @TSbOtUcWg UtG-S
That the city of New Orleans be and ID
hereby authorized and empowered TO ex.
anime into and assume the payment of the
claims or obligations of the Board OF
SchoolDirectors for the city and parish OF
Orleans due for the years 1880, 1881, 1882.
1883, and 1884, now in the hands or original
owners, who have in uowise parted with
their right Of ownership or pledged the
same as may be found to be eauitably due
by said board for services rendered, labor
performed or materials furnished by au-
shorty of said board.
SECTIoN 8. Be ii further eesolyed etc.,
That all electors voting at SAID election
for said amendment shall place aDon their
ballots the words, "For the city of New
Orleans debt amendment and the cleo
tiers voting at said election against said
amendment shall place on their ballots the
words, Against the City OF New Orleans
JONI REsoLUTION NO. 15z-AMEND-
MENT NO, 9.
Proposing 10 submit to the electors OF
this State an amenement to article
two hundred twenty-nine 1929 OF the
Constitution of 1873, relative OF Pub
lie Education
SECTION /. Be it reso!Ued by the General
AssembJg 0ftbe Stale of Louisiana, tuO-thirds
of The members elected to each hGHss concur
ring therein. That article tow bundled and
twenty-nine of the Constitution OF eign~
teen hundred and seventy mine, be amend-
ed and re-enacted so as to read as fol-
flows. viz:
Article 229-The school funds of the
State shall consist of: i. The proceeds Of
taxation for school purposes as provided
in this Constitution; Q. The interest On
the proceeds Of all public lands heretofore
and support Of the public. schools; J. OF
lands and other properly which may here
after be bequeathed, granted or donated
the State or generally for school purposes;
1, All funds or property tother than ITn-
proved landsl, b~equeathed or granted 20
NAV appropriate to the same funds the
proceeds, in whole or in part, OF public
r. I~-.k lo.~,,4aJ cor ofhar nnrnnRs.