The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1892-02-20
OFFICIAL,
OEEICIAL,
PRONUNCIATION Of Proposed Amendments
to the Constitution Of the State Of
Louisiana, Adopted by the Gen.
ersl Assembly in 1890.
STATE OF LOUISIANA,
OFFICE OF THE SECRETARY OF STATE.

and given to the qualified electors OF the
State Of Louisiana Of the proposed amend
ments to the Constitution Of this state.
which have bceu concurred IN by two
thirds of all the members elected to each
house of the General Assembly Of this
State. at the regular session thereof. held
at the city of Baton Rougr, III the year
1890, and which are required to be pub
lished for the information Of the qualified
electors eff this State for three month";
preceding the next election for Represen-
tatives. and which proposed amendments
more fully appear in Joint Resolutions Nos.
ITO and i54. which are hereinafter official
ly 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. the
18th day cf April, 1892, lit being the Tues-
day next following the third Momiay Of
said month"; }. in such manner and form thai
the qualified electors may vote for or
! against each amendment separately; and
il majority of the qualified electors vot-
ing at said election shall approve and rail-
| fy all CT either Of said proposed amend
ments, then such proposed amendments or
either of them 50 approved aud ratified
shall become part of the Constitution of
/ this State
Joimt Resolution No. no. amendment No. /.
Proposing an amendment to the Cons titu-
ton, providing for the funding 81 the
bonded debt of the city of New OrIeau 8,
other than Premium Bonds, into four per
cent bonds; providing . special tax of
one per cent. to pay the bonded dent of
the city. aud 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 Directo.s of said city and parish
which it may fnd to be equitably duo
by said board.
SECTION 1. Be It resslrsd by the Senate and
House o. Representatives Of the State of Lou
isiGSa, tws-fkirds Of all tho memters etc ted to
each ksxss cenesrring, That the following
ame, dments to the Constitutioa of the
State be submitted to the electors of the
State At the next election for kcpresenta-
tives for tie General Assembly in thu year
1892, for the purpose Of retiring the now
existing valid outstanding bonds Of the
s,tyso 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 render
ell against the city oD floating debt claims
prior to 1879, entitled to BIZ funded uuder
act No 81 If 1854. the said city of New Or
leans is hereby authorized and directed. on
ard after the adoption Of this amondment,
to issue through the Board Of Liquidation
OF the City Debt bonds to be known as the
stitntional Bonds OF the City Of New
Orleans, not exceeding ten millions OF dol
lars at fifty years. bearing four per cent
per annum interest, to bear date aud I've in
the form prescribed 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 applica-
ton of the proceeds of sale bv the board
of liquidation. to pay or purchase said out
standing bonds and judgments, or by ex-
changing the said constitutional bonds for
bonds. on the terms and in the mode pre-
scribed BY the Legislature. For the pay
ment Of the interest and principal al ma
maturity of said constitutional bonds. and
other outstanding bonds rot retired under
this amendment, and for the payment Of |
the annual allptments and premiums of the
Premium Bonds Of said city. the said city
is hereby authorized and directed to levy
annually, and until the full payment of
said bonds. tax Of one per cent on all the {
said tax to be part Of. aud not in addition |
to, the tax of twenty mills AID two tenths
of a Irill on the dollar Of valuation now
levied for all purposes BY the city of New !
Oileans, aud the said tax shall be paid over I
as collected to, and be applied by. the board
of liquidation to. the payment of the in
terest and principal at maturity of said
constitutional bonds, and outstanding bonds
not retired, and to the payment Of the cl- 1
lotments of premium bonds aud premiums
extan. in the hands of holders
Said tax is hereby declared to be the
contract right of the holders # all said
bonds; and the exemption Of said consti- ,
tutional bonds from all taxation by the !
city of New Orleans and State or Louisi- !
ans is hereby recognized and declared. and /
after payment Of all the annual interest /
on said constitutional bond aud bonds not (
retired. and the payment of the said an
nual allOtments of premium bonds and 1
premiums extant in the hands of hallers,
and after making provisions for sinking /
fund, at such time and of such an amount l
40 the Legislature prescribes. the surplus Of
prescribed by the legislature.
The act passed ut the present session,
Nc. IS, entitled can act to carry into ef-
feet the constitutional a,nend laent passed
at the present session relative to the b I'D
debt of the city Of New Olleans.r ETC., be
aud ia hereby approved and confirmed in
all its parts as . contract betwe the city
Of New Orleans and the holders of said
bonds, premium bonds, and
Of the bonds outstanding not retired as
aforesaid.
SEC. = Be IL further resolred ETC., That
the city Of New Orleans be aud X hereby
and empowered 10 examine in
10 aud assume the CLAIMS or Obligations Of
the boa. a of school directors for the city
and parish of Orleans due for tn years
1850, 1881, 1882 1853 and 1884, nos in the
hands of original owners. who have in no
wise parted with their right of ownership
Dr. pledged the same. as may BE- found to
be equitably due by said board for services
labor performed or hat rails fur