The Houma courier. (Houma, La.) 1878-1939, 1892-01-23

submitted to the electors OF the State
at the next election tor Representatives
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 lie funded under act NO.
81 Of 1884, thesaid city ofNew Orleans
is hereby authorized and directed, on
and after the adoption of this amend
ment, 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, nOtexceed-
ing: 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 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 or
purchase said outstanding bonds and
judgments, or by exchanging the said
Constitutional 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 not retired
under this amendment. and for the
payment of the annual ]allotments and
premiums of the Premium Bonds OF
said city, the said city is hereby au-
thorized and directed tolevy annually,
and until the full payment of said
bonds, a special tax of II per cent.
on all the real and personal property
of the city, said tax to be part of, and
not in addition to tho tax of twenty
mills and two tenths of a mill on the
dollar of valuation cow levied for all
purposes by the city of New Orleans,
and the SAID tax shall be- paid over as
collected to, and be applied by the
by the Board of Liquidation, to the
payment of the interest and principal
at maturity of said Constitutional
Bonds, and outstanding bonds not re-
tired, and to the payment of the allot-
ments of Premium Bonds and premi-
inns eytant, in the hands of holders.
Said tax is hereby declared to DO the
contract right OF the holders of all said
bonds; and the exemption of said tom
stitutioNal Bonds from all taxation by
the City of New Orleans and State of
Louisiana is hereby recognized and
declared, and after payment of all the
annual interest on said Constitutional
Bonds and bonds lot retired and the
payment of the said annual allOtments
of Premium Bonds and premiums ex
tant in the hands of holders, and after
making provisions for a sinking fund,
ut such time and OF such an amount as
the Legislature prescribes, the surplus
OF said Il per cent shall be. disposed
of as prescribed by the Legislature.
The act passed at the present ses
sion No. 36 entitled "An act to carry
into effect the Constitutional amend
ment passed at the present session
relative to the bond debt of New Or
leans" ETC., be and is hereby approved
and confirmed in all it's parts as a con-
tract between the City Of New Orleans
and the holders of said Constitutional
Bonds, Premium Bonds and Of the
bonds outstanding not retired as afore-
said.
SECTION 2. Be it further resoIUed,
ETC., That the city of New Orleans be
and is hereby authorized and empow-
cred to examine into and the
payment of the claims or obligations
of The Board of School Directors for
the city and parish of Orleans due tor
the years 1880, 1881, 1882, 1888 and
1884, now in the hands of original
owners, who have in nOwIse parted
with their right of ownership OF
pledged the same, as may be found to
be equltably due by said board for SER
wees rendered. labor performed OIL
materials furnished by authority Of
said board.
SECTION 3. Be it further resolved,
etc, That all electors voting at said
election for said amendment shall
place upon their ballots the words,
For the city of New Orleans debt
ameiAdment," and all electors voting
at said election against said amend
ment shall place on their bailoUs the
words, against the City of New Or
leans debtamendment."
JOINT RESOLUTION NO. l54-
AMENDMENT NO. 2.
proposing to submit to the ELECTORS of
this State an amendment 10 article
two hundred twenty nine (229l OF
the Constitution of 1879, relative tt
Public EducaUiOn.E
SECTION |. Be it YesoEped By til,
General Assembly of the State of Lowisi'
ana, tl0o- thirds Of The members elected tt
each house concurring therein, Thai
article two hundred and tw~enty-nin'
ofthe Constitution of eighteen hundred
and seyenty-nine, be amended aud re
enacted SO as to read at follows, viz +:
Article 229-The school funds OF this
State SHALL consist of |. Tho pI Oceedi
OF taxation for school purposes as pros
vided in this Constitution; 2. The in
terest on the proceeds of all publ,
lands hel etofore granted by the Unitet
/ 2fn tpa for thn $50 o,I tsvnvrupk oP kl,g