St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1892-02-06

mentS, tucu SuCH PAOP
ments, or either of them, so approved
and ratified, shall become part OF the
Constitution of this State.
JOINT DISSOLUTION NO. 10
AMENDMENT NO. I.
ssProposine an amendment to the Con-
stitution providing for the funding
of the bonded debt of the city of
New Orleans, other than Premium
Bonds, into four per cent. bonds;
providing special tax OF one per
cent. to pay the bonded debt OF the
city, and exempting the said four
per cent. bonds from taxation, and
further authorizing the said city to
assume and pay such unpaid claims
of the Board of School Directors of
said city and parish which 1t may
find to be cquitably due by said
Board"
SECTION /. BE it resolved by the Sell
ate and House of Representatives OF the
State of Louisiana, twO-thirds Of all
the members elected TO each house con-
curing. That the following amend
ments to the Constitution of the State
be submitted tO the electors of the
State ut the next election for Repre-
sentativcS for the General Assembly in
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. IS
of 1882, and to retire judgments now or
hereafter rendered against the city on
floating debt claims prior to 1879, enti-
tied to be funded under act No. 81 OF
1884. the said City of New Orleans is
hereby authorized and directed, ON and
after the adoption of this amendment,
to issue through the Board of Liquida-
ton of the City Debt, bonds to be
known as the Constitutional Bonds of
the CITY of New Orleans, not exceeding
ten millions of dollars, ut fifty years,
bearing four per cent. per annum inter-
est. to bear date and be in the form pre-
scribed by the Legislature. The said
bonds shall be applied by the said
Board to the retirement of said out
standing 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 i'm 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 authorized and d.
rected to levy annually, and until the
full payment of said bonds, . special
tax of one per cent. on all the real and
personal property of the city, said tax
to be part of and not i'm addition to the
tax of twenty mills and twO-tenths Of
mill on the dollar of valuation now
levied for all purposes by the City Of
New Orleans, and the said tax shall be
paid over as collected to, and be APP
piled by the Board of Liquidation, to
the payment of the interest and princi-
pal at maturity of said Constitutional
Bonds. and outstanding bonds not re.
tired, and to the payment of the allot-
ments of Premium Bonds and premiums
cxtant. i'm the hands of holders.
Said tax is hereby declared To be the
contract right of the holders of all said
bonds; and the exemption of said Con-
stitutiOnal Bonds from all taxation by
the City of New Orleans and State Of
Louisiana is hereby recognized and de-
clared, and after payment of all the an
nual interest on said Constitutional
Bonds and bonds not retired and the
payment of the said annual allotmeuss
of premium Bonds AMI premiums ex-
tant in the hands of holders, and after
m akins provisions for a sinking fund,
Mt such time and of such amount as the
Legislature prescribes, the surplus of
said one per cent. shall be disposed of
as prescribed by the Legislature.
The act passed Mt the present session
No. SO entitled AN act to carry into Of.
feet the Constitutional amendment pass
ed ut :he present session relative to the
bond debt Of the city IF New Orleans"
etc.. be and Is hereby approved AMI
confirmed in all its parts rs o contract
between the city of New Orleans and the
holders of said Constitutional bonds,
Premium Bonds and of the bonds out.
standing not retired as aforesaid.
Section Z. BE it further re solved. ETC.,
That the ci,y of New Orleans be and is
hereby authorized and empowered to
examine int, and assume the paymept
Of the claims or obligations Of the Board
OF School Directors for the city and par
ish oil Orleans due for the years 1850,
1881, 1882, 1888 and 1884, now in the
hands Of original owners, who have in
no wise parted with their original own
ership or pledged the same, ~ may be
found to be equitably due by said hoard
for services rendered, labor performed
or materials furnished by authority Of
said board.
SECTION }. Be it further resolved, etc.,
That all electors voting at said election
for said amen dment shall place upon
their ballots the words, For the city of
New Orleans debt amendment" and all
electors voting at said election against
said amendment shall place ON their
ballots tie WORDS. against the city of
New Orleans debt amendment"
JOINT RESOLUTION NO. l54-
AMENDMENT NO. 2,
proposing to submit to the electors of,
this State m amendment TO article.
two hundred AMI twenty-nine r229)
OF the Constitution of 1879, relative
to Public Education"
SECTION l, Be it enacted bv the Gen.
eral Assembly Of the State of Louisiana
each house concurriDg therein. That ar.
ticie 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:
Article 229-Tbe school funds of this
State shall consist of: l. Tho proceSds
CT taxation for school purposes as pro-
vided In this Constitutions; 2. The in
tesest on the proceeds Of ali public land
heretofore granted by the United States
Tor ths nse and support of the public
schools; 8. or lands aud other proper
ty which may hereafter he be,neatlled.
granted or donated to the State or gen.
orally for school purposes; 4. AL funds
or property (other than unim proved
lnnds,) bequeathed or granted TO the
State. not designated for other pur-
Doses; ). The roceeds OF vacant estates
falling under the laws of the State Of
Louisiana. The Legislature may ap-
Propriate TO the same funds the pro-
ceeds. IN whole or in part. OF public
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