The weekly Thibodaux sentinel and journal of the 8th Senatorial District. [volume] (Thibodaux, Lna. [i.e. La.]) 1875-1898, 1892-01-02

der act No. 81 of 1884. the said city CT New
Orleans is hereby authorized and directed.
on and after the adoption of this amendment.t to
issue through the Board of liquidation of the
City Debt. bonds TO be known as the Consti
tutlonal Bonds of the City of New Orleans,
not exceeding ten millions of dollars, at fifty
years, bearing four per cent, pei annum in
terest. to bear date and be in the form pres
crbed by the Legislature. The said bonds
shall be applied by the said hoard to the re-
tirement of said outstanding bonds and jule-
ments, by the sale of said Constitutional
Bonds, aud application of the proceeds of
sale by the Board of Liquidation to. pay or
! purchase SAID outstanding bonds and judg
ments. or by exchanging the said Constitn-
tlonal Bonds for bonds. on the terms and in
the mode prescribed by the Legislature. For
the payment of the interest and principal at
maturity, of said Constitutional Bonds and
other outstanding bonds no. retired under
this amendment, and Tor the payment oil he
annual allotments and premiums of the Pre-
miums Bonds of said city, the SAID city is
hereby authorized and directed to levy annual
ly, and until the full payment of said bonds.
speclai tax OF one per cent. on all the real
and pei sonal property of the city. said tax to
be part of. and not in addition to the tax of
twenty mills aud two tenths OF a mill on the
dollar OF valuation now levied for all purpn
ses bv the city of New Orleans. and the said
iax shall he paid ovor as COLLECTED, TO, and he
applied by the Board of Iiguidat on. to the
payment of the interest ond principal at ma
turity of said Constitutional Bonds. aud out
standing bonds not retired. and tn the pay
ment of the alOtmcnts of Premium Bonds
and pre.r 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 seid Constitutional
Bouds from all taxation by the City of New
Orleans and State of Louisiana is hereby re
cognized and declared, and after payment of
all the annual interest on said Cons titutional
Bonds and bonds not retired anu the pay
mert of the said annual allotments of Pre-
MUM Bonds and premiums eXtant In the
hands OF holders, aud after making provisions
for n sinking fund, At such time and of such
| an amount as the Legislature prescribes. the
surplus of said one per cent, shall be dispose
ed of as prescribed by the Legislature.
The act passed at the present session No
80 entieled IAN act to carry iIto 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 as II
| contract between the City of New Orleans
| and the holders of said Cons itufional Bonds,
| Premium Bonds and of the bonds outstand-
| ing not retired aforesaid.
SECTION 2 BE il further rcsOlred. etc
| That the city of New Orleans he and is here
| by authorized and empowered to examine ill.,
| to aud assume the payment of the claims or
obligations of the Board of School Directors
| for the city aud parish of Orleans due for
| tue years 1880. 1881. 1882, 1888 and 1881. now
| i'll the hands oforiginal owners, who have in
| n0wlSe parted with their right of ownership
| or pledged the same, as may be found to be
| equitable due by said board for ervices rem
| dered, labor performed or materials furnish.
| ed by authority of said board. =. =.
SECTION 3. Be it further resclred, ETC., That
all electors voting ut said election for said
amendment shall place upon their ballots the
words, For the city of New Orleans debt
amendment" ard all electors voting at SAID
| election against said amendment shall place
ell their ballots the words, "A .ainst the City
| OF New Orleans de- bt amendment y
JOINT RESOLUTION NO. l5i-AMEND
MENT NO. ?.
! ''Proposing to submit to the electors of this
State All amendment TO article two hun
dred and twenty nine t229) OF the Constitu
| tion of 1879. relative to Public Education" p"
| SECTION /. Be il resofred by the General
Assembly of the State Of Louisiana, t,oo-thirds
| of he members elected to each house cOncurri1,g
| therein, That article two hundred and twenty
nine of the Constitution of eighteen hundred
and seventy -nine, be amended and re enacted
| so as to read as follows, viz:
| ARTIFICIAL 2!9-Ihe school funds of this State
shall consist of: |, The proceeds OF taxation
for school purposes as provided in this Con-
|
all public lands heretofore granted by the
| United States for the use and support of the
public schools: 3. OF lands and other proper
| ty which may hereafter be bequeathed grant
ed or donated to the State Or generally for
school purposes 4, All funds or property
(other than unmproved land>), bequeathed
or granted to the State, not designated for
other purposes D. The proceeds of vacant
| estates falling under the laws ut the State OF
| Louisiana. he LeSislst ture may appropriate
to the same funds the proceecs, i'll whole or
| i'll part, OF public lands not drsl@nated for
other purpose. and shall provide that every
| parish, or every school ward III each parish.
may levy il tau Tor the pub!lc schools therein,
| which shall not exceed five 81 mills ON the
dollar, he vote on sucI tax To be decided by
| IL ma jority of the property tax payers OF each
parish, or each school ward or municipality
| i'll each parish. in Value and i'll Lumber voting
ut said electon-and all moners 80 collected
to be expended i'll the school ward where
| levied. .'Al elections under this act shall be
ordered by the Poilce jury in the parish III
| which the tax is pruposeu to be levied =
| SECTION :. b. further reSotred, That the
| above amendnit ut to article two huntlrt Il aud
twenty-nine (219) h- submitted to the citizens
of tins State at the next general election Tor
their approval or rejection. and that upon all
| ballots east at that election for State OF
| parish officers there shall lie printed these
words : For am, l,ndmrn1 to article 22a OF the
| Constitution Against anIendnent to article
| .!!9 Of the Consultation
() Witues, Iny signature and the seal
| l. 5 OF the Stale OF Louisiana ut the CIty
I -~~~ of Baton liuu-c, tins ;!1th 'itI of Nov
enber, 1891.
l.. +. MASON,
| Secretary oi State.