Feliciana sentinel. [volume] (St. Francisville, La.) 1877-1892, 1892-01-02
p ROM ULG ALTON
Proposed Amendments to the Constitu-
ton Of the State Of Louisiana,
Adopted BY the General As
ss5mblY in 1890.
STATE OFL.OCISIANA.,

STATE OFLOCISIANA.l
Office Of the Secretary of State.
IN pursuance of the provisions Of the
Constitution, publication is hereby
made and given to the qualified electors
of OF the State Of Louisiana of the pro-
posed amendments to the Constitution
of this State. which have been cOncurr-
cd in by two-thirsis of all the members
elected to e.aci, h0ust: Of the General
Assembly OF THIS State. ut the regular
session thereof. held nj the City Of Bat
on Rouge In the year $50. and which
arc required to be published for the in
formation OF the qualified electors Of
this State for three months preceding
the next election tor Representatives,
aud which proposed amendments more
fully appear in Joint Resolutions Nos.
no and la. which are hereinafter OIL
ctRlly published for the Information of
the qualified ELECTORS of this State. and
which will be submitted to them for
their approval or rejection. at the next
general election which will 10 held OH
Tuesday the 10Th day Of April, 1892, Ut
being the Tuesday next following the
third Monday Of said monthly In such
manner aud form that the qualified ell
ectors may vote for or against each am-
endmcnt separately; and IL IL majority
Of the qualified electors. voting at said
election. shall ap! rove and ratify all or
either of said proposed amendments,
then such proposed amendments. or eli
thcr of them, sO'approv.sd and ratified,
shall become a part Of thc Consultation
Of this State. ..t...., ,..... -...
JOINT RESOLUTION no. llO-ANEND-
MENT NO. Ia.
''PrOpOsing an amendment to the Con-
stitution providing for the funding Of
the bonded debt of the city Of New Or
leans, ether than Premium, Konds. Into
four per cent bonds; providing a spec
ial tax Of one per cent, to pay the bon
lc,i debt Of the city. and exelnpting the
said fourpcr cent. bonds from taxation,
and further authorizing the said city to
assume a.u 10y .s'us' unpaid claims of
euEitably due bS said BOaul.''
SECTION 1. BE 1t resolved BY the Sen
ate ana House Vf Representatives OF the
State Of Louisiana, two thirds Of all the
members elected to each house CONCUR
ring, That the following alncndm onts to
the Constitution OF the statc be submit
ted to the ectors OF the state ut the
next election for Representatives for the
General Assembly in the year 1892. for
the purpose Of retiring the now existing
valid sustaining bonds of the city Of New
Orleans, including the bond certificates
or bonds issued under the act Of the
Legislature No. 50 of 1882 and to retire
Judgements now or hereafter rendered
against the city on floating debt claims
prior to 1879. entitled to be funded I'M
der act No. G. OF 1884. the said CITY OF
New Orleans is hereby authorized and
directed. ON and after the adoption of
tits amendment, to issue. through the
Board of Liquidation of the City Debt.
bonds to he known as the Constitutional
Bonds Of the City OF New Orleans, not
exceeding ten millions of dollars. at fif-
t,S- bnss Sslse R<as,s
mum interest, TO bear date and be in the
form prescribed by the Legislature. The
said bonds shall tie applied by the said
board to the retirement Of said outStau-
ding bonds and judgements, by the sale.
of said Constitutional Bonds. and aDpli-
cation of the prtEeeds of sale BY the
Board of Liquidation. Il, pay orpurchasc
said outstanding bonds a.aJ Judgments,
or by exchanging the said CONSTITUTIONS
III Bond: for bonds, on the terms and i'm
the mode prescribed by the Legislature.
For. the payment of the interest and
principal ut maturity. of said GouStitu-
tional Bonds, and other outstanding
bonds no: retired nnGler this amendment,
and for the payment Of the ANIMAL allot-
merits and premiums of the Premium
BOuds of said city, the said city is here
by authorized and directed to levy an
nually, and until the full payment of
said bOEds. special tax OF one per
cent. on all the real and personal prop-
cr,y OF the city. said fl to be part Of,
and not in addition &c she tax of twenty
mills and twO-hnths Il Il mill on the
dollar OF valuation now levied for all
purposes by the city Of New Orleans.
aud the said tax shall he paid over rs
collected to. and be applied by the
Board of 1jgui'la ion. to the payment OF
the interest and principal ut maturity of
said Constitutional Bonds. and Outsfan-
ding bonds not retired, and to the paw
ment Of the alIotmeuts OF Premium
Bonds and premiums extant, in the
hands of holders.
Said tax is hel eby declared to be the
CONT act right of the holders Of all said
bonds; and the exemption Of said Com
stitutional Bonds from all taxation by
the City of New Orleans and State OF
Louisiana ia hereby recognized and de-
clared, and after payment of all the an
nual interest on said Constitutional
Bonds aud bonds not retired and the |
payment of tile said annual allotments
OF Premium Bonds and premiums extant
In the bands Of holders. and after max |
ing provisions for sinking fund. Mt |
such time and of such an amount IA the !
Legislature prescribes, the surplus Of |
said one per cent. shall be disposed of rs
prescribed by the Legislature,
The act passed at the present session
No. 80 entitled IAN net to carry into eff
feet the Constitutional amendment pass
ed ut the present session relative to the
bond debt of the City of New Orleans, :"
etc, be and is hereby approved mud con-
irmed in all its parts rs y contract be-
tween the City Of New Orleans aud the
holders of said Constitutional Bonds,
Premium Bonds and Of the bonds OUT
standing not retired rs aforesaid.
SECTION Z. BE IL further resolved.
,tc.. Tat the City of New Orleans be
md ia hereby authorized and empower
ID to examine into and assume the pay
nent of the Chains or Obliynfinns nf the |