The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1892-04-02
OFFICIAL,
PRONUNCIATION Of Proposed Amendments
to the Constitution Of the State Of
Louisiana, Adopted BY the Gen.
sral Assembly in 1890.
STATE OF LOUISIANA.

In pursuance of the provisions of the
Constitution, publication Is hereby made
and given to the qualified electors Of the
STATE of Louisiana Of the proposed amend
ments to tho Constitution Of this State,
which have been concnrred ia by two
thirds of all the members elected to each
house of the General Assembly Of this
State. ct the regular session thereof. held
ct the city of Baton Rougc, in tile year
1880, and which are required to be pub
lished for the information of the qualified
electors Of this State for three months
preceding the next election for Ropresen-
tatives. and which proposed amendments
moro fully appear In Joint Resolutions Nos.
ITO and 154. which are hereinafter official
" published for the information OF the
qualified electors of this State, aud which
will be submitted to them for their APP
proval or rejection at the next general cleo
ton; which will be held ON Tuesday. tn,
18th day Of April 1882, (it being the Tues.
day next following the third vondsy Of
aaid monthly }; In such manner and form tha,
the qualified electors may vote for or
against each amendment separately; and
il . majority Of the qualified electors vot-
ing ut said election shall approve and raii-
fy ell or eithef of said proposed amend
ments, then such proposed amendments OF
either of them 20 approved and ratified
shall become part Of the Constitution Of
this State.
yoiSt Resolution Ne. 10 amendment Nc. l.
Proposing AN amendment to the Con- titn-
ton, providing for the funding oi the
bonded debt Of the city of New Osieass s,
other than Premium Bonds, into -four pei,
cent bonds; providing q special tax Of
ono per cent. to pay the bonded dent Of
the city, and exefn pting the said four per
cont. bonds from taxation and turiher
authorizing the said city to assume and
pay such unpaid claims Of the Board OF
School Directo.a Of said city and parish
which it may hnd to 10 equit.oly due
by said board.
SECTION 1. Be il resolved by tho Senate and
isiama, fws thirds Of all The mcmbers eic ted 10
such house coacxrrimg, That the io.iowimg
amendments to the Constitution OF the
State bc Submitted ~ the electors OF tho
State ut the next election for Hepr-s-nia-
tives for the General Assembly ia the year
1892, for the purpose of retiring the low
existing valid outstanding bond, Of tho
city Of Now Orleans. including the bord
certificates or bonds issned under the act
Of the Legislature No. 90 of 1882, ana to
retire judgments now or hereafter render
ed against tho city on floating debt claims
prior to 1879. entitled to b. funded under
act No 81 If 1854. the SAID city III New Or
leans 10 hereby authorized and directed on
and after the adoption If this amendment,
to issue through the Board of Liquidation
OF the City Debt. lssnts To lie known M the
nstitaticnsl Beads Of the Cry If New
Orlcans, not exceeding ten millions Of dol
lars. ut fifty years. i,ctring iaut pei cent
per annum interest, to bear date and Toe in
the form pres.fibod By the Legislature. -
The said bonds shall b. applied by the
said board to the letiremrIrt If said but
standing bonds and Judgments, by the sale
Of said constitutional bonds, and aispllc:s-
ton Of the proceeds Of sale by thu board
OF liquidation. to pay or purchase said out
standing bonds and Judgments, or by ex-
changing tho said constitutional bonds for
honda, on the terms and in the mode pre-
scribed by the Legislature. For the pay
meDt Of the interest and principal at ma
maturity Of said constitutional bonds. and
other outstanding bonds rot retired under
this amendment, and for the payment Of
tho annual alIotments and premiums of the
Premium Bonds Of said city. the said city
10 hereby authorized and directed to levy
annually, and until the full payment of
said bonds. Tux Of one pol cent on all the
real aud personal property OF the city
said tan to tc part Of. and not in addition
to, tho tax of twenty mills aud 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 applied BY the board
Of liquidation to the payment of the in
terost aud principal at maturity of said
constitutional bonds and outstanding bonds
not retired. and to the payment Of the al
lotments of premium bonds and premiums
extant in the hxnds Of holders
Said tax is hereby declared to be the
contract right Of the holders # all said
bonds; and the exemption of said consti-
t6tional bonds from all taxation by the
city of New orleans and State or LOUISE
ana 10 hereby recognized aud declared, and
sitter payment of all the annual interest
on said constitutional bonds aud bond- not
retired. and the payment Of the said an
nnal all0tmtufs of premium bonds and
premiums extan. in the bands Vi holders,
and after making provisions for sinking
fund, ut such fine aud of such an amout,t
a. the legislature prescribcs, the surplus OF
said one per cent shall be disposed Of rs
prescribed by the Legislature.
The act passed. at the present session,
No. IS, entitled "Au act to carry into IT.
feet the constitutional amendment passed
at the present session relative to the b NO
debt Of the city of New osleans,' ETC.. be
aud is hereby approved aud Confirmed in
all its parts - Q contract between tlie city
of New Orleans and thu holders # said
constitutional bonds, premium bonds. and
If the bonds outstanding not retired AS
aforesaid.
SEC. = Be it further resotred. etc, That
the city Of New Orleans be aud Is hereby
authorized and empowered TO examine i'm
10 and assume the CLAIMS or obligations Of
the board Of school directors for the city
aud parish of Orleans DIE for ihe yetrs
1asO, 1891. 1882, 1853 aud is-i, nos !. zoe
hands of original owners. who s'av~ IA :"
wise parted with their .iqr ,cf ox. .eFs p
or pledged the same, ~ nias b. fosie ~
Be equitably due BY said boa Il for se. re :
rendered, labor performed or mat rails l. AZ
nished by authority If ssid board.