The weekly Thibodaux sentinel and journal of the 8th Senatorial District. [volume] (Thibodaux, Lna. [i.e. La.]) 1875-1898, 1891-12-26

der act No. 81 of 1884, the said city ct New |
Orleans ;s hereby authorized and directed. |
ON and after the adoption of this amendment;fo
issue through the Board of Liquidation of the
City Debt. bonds TO be known asthe Cousti-
tutIonal Bonds of the City of New Orleans
not exceeding ten millions of dollars, at hfty |
years, bearing four per cent pei annnm in
terest. to bear date and be in the form pres
cribed by the Legislature. The said bonds
shall he applied by the said board to the re-
tirement OF said outstanding bonds and juds. !
ments, by the sale OF said CONSTITUTIONS
Bonds, and applications of the proceeds OF
sale by the Board Of Liquidation, to. pay or
purchase said outstanding bonds aud iuig-
ments. or by exchanging the said Constitu-
tonal Bonds for bonds. ON the terIas and in
the mode prescribed by the Legislature. For
the payment of the interest end principal at
maturity. OF said Constitutional Bonds. aud
other outstanding bonds no. retired under
this amendment, and tor the payment ofthe
annual allotments and premiums of the Pre-
miums Bonds of said city, the sard city is
hereby authorized and directed to levy annual
~, aud 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 tenths OF mill on the
dollar of valuation now levied for. all purpe-
ses by the city of New Orleans, and the said
tax shall be paid ovor rs colh'cted to, and be
applied by the Board of Liquidat on, to the
turity of said Constitutional Bonds, aud out
standing bonds not retired. and tn the. pay
ment of the allotments of Premium Bonds
and prem iums extant. in the hands of hold
ers
Said tax is hereby declared to be the con
tract right Of the holders of all said bonds;
and tie exemption of soid Constitutional
Bouds from all ia xation by fhe City Of New
Orleans aud State of Louisiana is hereby re.
cognized and declared, and after payment OF
all the annual interest onssaid Constitutional
Bonds and bonds not retired and the pay
ment of the said annual aIotments OF Pre-
| Iuium Bonds and premiums extant In the
hand OF holders, aud after making provisions
| for sinking fund, at such time and of such
| an amount the Legislature prescribes. the
surplus of said one per cent, shall be disposI
| ed of as prescribed hy the Legislature.
| The act passed at the present session No.
| 36 entieled ''An act toscarry into effect the
| Constitutional amendment passed at the pre-
sent session relative to the bond debt of the
| City of New Orleans" etc.. be and is hereby
| approved and confirmed in all its parts az
contract between the City of New Orleans
aud the holders of said Constitutienal Bonds.
Premium Bonds aud of the bonds uutstand
| ing not retired as aforesaid. te= al #st|
4 SECTION 2 Be it further resolred, etc,
| That the city OF New Orleans be and il here
4 hy authorized and empowered to examine ir-
to and assume the payment of the claims. or
obligations of the Board of School Directors
1 for the city and parish of Orleans due for
the years 1880, 1881, 1882, 1888 and 1884. now
,..s,. .,a.,.,I d ,u;ts, ,her'r;.,,s If s,unsnshin
- - ,iaJaJ ,La sar,a 80 ia t,,rJ 4, IL
| " ope;..ts,. - a,.;.i Ia 'r.s - ..,s,s ,s,,
5iu.d II uae a:,r,.a., nr ,,a,ar;ais fnrlsh.
aI br antLnritv ~ s.;I hoard '''T'
co,.r'a ~ pa . tf..,,k ...'ass.,.s., ..,. Tia,
ali a,.c,o,s votina ~ sa,L .lr,.,inn fur said
anS,a,'. I'LL s,J.aa ,,,,,,, ,ha;r <, itn,s no
"sts ...r .,,a p";, NJ. a,.,".... J..ls
a''s,,na,,, y =, i I'll .in.ta-. y',,,n~ :, sa,I
",nen'en., e,;, al eno'I;,,,,,' .,s,,M ,,I,aa
t,.a;. L,Il,,s ,ha ,,a.... q. ...;,s, th.. ;t,
! - Nc. W. n'ta'''' III. ''',.-.. ~sa
VI A'e" oi'o"n' 1oo' =" '''''s rtss
JOINT RESOLUTION NO. i5l-AMEND
,,,>,,r ~ - tS7 7NfAz{
| ~ MEN1 NJ. :. -sE.sz.s--. i.
PROMISING to suh,nit to the electors of this
/ Stare an tan,anin,ent "a .rtic,t; svo huu
.,rsd nd wantv.n;na toop of tie C.,nstitp
| t;n, of 1870 relat;va To Pnhlic E,Incation :
4 SrcT,oy ge h ,esoJres bs ~ -Gen syr,l
Assemblv of The state of Louisisaa. t,co.tAirds
I Of tbe uembers eIected to enca Louse eoncurri,.d
ther,i,, That rtc, = ~ hi, nxiresa ii nf
nine of the Constitut; IN of .riuhteen hundred
and seyeuty.ulue. be amended aud re enacted
so as TO read as follows. Wig: 4-z., test,sa* Is,
ARrIcAI. 2y9-The school funds of this State
shall consist of: /. The proceeds Of tsx xatiou
for school pnrposes "A provided in this Con-
stibution . The interest on the proceeds of
! all public lands heretofore granted by the
United States for the use and support of the
| public schools: g. OF lands and other proper.
ty which may hereafter be bequeathed grant
ed or donated to the State or generally for
schoo, ,,nrnoses 4 All funds or property
,I /other than uuimpruyed slaptlsl.s be aueathed
estates falling under tire laws OF the State ol