The Louisiana Democrat. [volume] (Alexandria, La.) 1845-1918, 1891-12-16


stitution of this State.
JOINT RESOLUTION No. 11O-AMEND-
MENT No. l.
"PropOsing an amendment to the COnSti.
tuition providing for the funding Of the
bonded debt of the City of New Or
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 eXempting
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 equilably due by said
board"
Section 1. Be it resolved by the Senate
and House of kepresentatiyesOf the State
of Louisiana, two-thrds of all the MEM
hers elected to each House concurrlng,
That the following amendments to the
Constitution of the State be submitted to
the electors Of the State at the next cleo.
ton for representatives for the General
Assembly in tho year 1892, for the pur-
pose 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 Leglsla-
ture No. So of 1882, and to retire judy
ments now OF hereafter rendered against
the city on floating debt claims prior to
1879, entitled to be funded under Act No.
81 of 1884, the said city of New Orleans is
hereby authorized and directed, on and
after the adoption Of thislamendment, 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 millions of
dollars, at fifty years, bearing four per
cent. per annum interest, to hear date
and begin the form prescribed by the Leg
islature. The said bonds shall he applied
by the>said board to the retirement OF
said outstanding bonds and Judgments,
| by the sale of said constitutional Bonds,
and application of the proceeds of sale by
the Board of Liquidation, to pay orspur-
chase said outstanding bonds and judg-
ments, OF by exchanging the said Consti-
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 for the payment of the annual allot
ments 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 bonds
a 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-tenth:
of mill ON the dollar of valuation now
levied for all purposes by the city of New
Orleans. and the said tax shall be pait
over as collected to, and be applied b.
the Board of Liquidation, to the paymen
of said Constitutional Bonds, and out
standing bonds not retired, and to til,
payment of the allotments of Premium
Bonds and premiums extant, in the hand
of holders.
Said tax is hereby declared to be tn,
contract right Of the holders of all sale
bonds; and the exemption of said Consti
tutional Bonds from all taxation by til,
City of New Orleans and State of Louisi
ana is hereby recognized and declared
and after payment of all the annual inter
est on said Constitutional Bonds .ant
bonds not retired and the payment of tn,
saidsannual allotments of Premium Bonds
and premiums extant in tho hands O
holders, and after making provisions 70.
sinking fund, at such time and of sucl
anssamount as the Legisla ture prescribes
the surplus of said one per cent. shall bs
disposed iof as prescribed by the Legis
lature.
The act passed at the present session
No. 36 entitled.i"An act to carry into eff
feet the Constitutional amendment passed
at the present session relative to..the bono
debt of the City of New Orleans,n ETC., b,
and is hereby approved and confirmed il
all its parts. as a contract between tn;
City OF New Orleans and the holders o
said Constitutional Bonds, Premium
Bonds and of the bonds outstanding no
retired as aforesaid.
Section 2. Be it further resolved, etc.
That the city of New Orleans be and il
hereby authorized and empowered to eX
anime into and assume the payment O.
the claims or obligations of the Board O
School Directors for the city and parish
Of Orleans due for the years 1880, 1881
1882, 1888 and 1884, now in the hands o
original owners. who have in nowis,
P"i WV W ieh ohoii ilSHtl.ol oWlleTSnlp o.
pledged the same, as may be found to b,
equitably due by said board for service,
rendered, labor performed or materials
furnished by authority of said board
Section 3, Be it further resolved, etc.
That all electors voting at said electio,
for said amendment shall place upon thei
ballots the words, !, For the city of New
Orleans debt amendment" and all cleo
tors voting at said election against sale
amendment shall place on their ballot
the words, against the city of New Or
leans debt amendment"
JOINT RESOLUTION No. 154-AMEND
MENT No. 2.
proposing to submit to the electors O
this State an amendment to article tw,
hundred twenty-nine (22a) of the Con
stitutiOn of 1879, relative to Pnbli.
Education"
Section /. Be it resolved by the Genera
Assembly of the State of Louisiana. two
thirds of the members elected to eac}
House concnrring therein, That articl,
two hundred and twenty -nine of the Con
stitution of eighteen hundred and seven
ty-nine, be amended and re-enacted SO Al
to read as follows, viz:
Article 229-The school funds of thi
State shall consist of: l. The proceeds n
taxation tor school purposes as provided
in this Constitution g The interest o,
the proceeds of all public lands hereto
fore granted by the United States FIR tb,