The Meridional. (Abbeville, La.) 1856-1906, 1892-03-12
ALTON.
Proposed Amendment TO fTle
d lastitMtfOn of the State of
louisiana by the General
Assembly fn 1880.
STATE OF LOUISIANA,

Once OF the Secretary OF state
In pursuance of the PROV 'Sians of the
Constitution. publication is hA."by matte
aud given to tlie qualified electors OF the
State OF Louisiana Of the proposed amend
saelits to the Constitution of this State,
which have been cancurred IN by two
thirds Of i'll the members elected to each
hpnse of the General Assembly of this
State, at the regular session thereof, held
ut the Citysof Baton Rouge III the year
1890, and which are required to be pub
lisl.ed for the Information Of the electors
Of this State for three months preceding
the next electionfor Representatives. aud
which proposed amendments more fully
appear i'll the joint Resolutions Nos. 40
and 154, which are hereinafter officially
published for the information of the quail
itie,l electors Of this State, and which viii
he submitted to theai for their approval
or rejection, ut the neNt general election
which will be held Oh Tuesday the 18th
day of April, 1892, {it being the Tuesday
next following the third Monday Of said
month"; iii s;leh manner and form that the
qualified electors may vote for or against
t-sieh amendment separately and Il a ma
jority Of the qualified electors voting at
said election, Sll3 Ii approve and Tatify al
or either of said proposed amendments,
then such proposed amendments or either
of them. so approved and ratified shall
become a part of the Constitution of this
State.
JOINT RESOLUTION NO. 11o-AMEND-
NIENT NO. /.
Proposing an amendment to the Con-
stitlltion providing for the funding Of
the bonded debt Of the city of New
Orleans, other than Premium Bonds,
into four per cent bonds; providing u
special tax OF one per cent. to pay the
bonded debt Of the city, and exempt
ing the said four per cent. bonds from
taxation, and further authorizing the
said city to assume and pay such un-
paid claims of the Board of School
Directors of said city and parish which
it may find to be equltabiy due by said
board.n
SECTION 1. Be 1t fesolred by the Senate
and House of Representatives of the State Of
Louisiana, tac0-tAifGs Of all the members etec-
ted to each h0dSe e0acWring, That the fol-
lowing amendments to the Constitution
of the State be submitted to the electors
a,f the State at the next election for Rep
resentatives 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
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. 6T 1884. the said city of New
Orleans is hereby authorized and directed.
on and after the adoption of this amend
nient to issue through the Board Of Liaui-
datiun 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 ap
piled by the said board to the retirement
of said outstanding bonds and judgments,
by the sale of said Constitutional Bonds,
aud application Of the proceeds of sale by
the Board of Liquidation, to pay or pur-
chase said outstanding bonds and judg
HseNts, or by exchanging the said ConStl-
tutional Bonds for bonds. on the terms
and iii the mode prescribed by the Iegis-
Iature.. For the payment OF the interest
and principal at maturity. of said Consti-
tutianal Bonds. and other outstanding
bonds not retired under this amendment,
and for payment OF the annual aliOtnients
and premiums of the Premium Bonds OF
said city, the said city is hereby author
lied and directed 10 levy annually, and
until the full payment of said bonds.
special tax of one per cent. on all the READ
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 a
Eliil on the dollar of valuation new levied
for all purposes by the city of New Or
leans. and the said tax shall be paid over
rs collected to, and he applied by the
Board of Liquidation, to the payment Of
the interest and principal at maturity Of
said constitutional Bonds, and ontstand-
ing bonds not retired. and to the payment
OF the aliotments of Premium Bonds and
premiums extant, in the hands of holders.
Said taX is hereby declared to he the
contract fighnof.the holders of all said
bonds: and tile exempt on OF said Canstl-
7utional Bonds from aII taxation .by the
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