St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1892-03-05

electors may vote for or against &c
amendment separately; and II major
ity Of the qualined electors, voting .
said election, shall approve and rat1lI
all or either of said proposed amend
ments, then such proposed amend
ments, or either of them, 50 approves
! and ratified, shall become . part Of IL
Constitution Of this State.
JOINT RESOLUTION NO. no
AMENDMENT NO. I.
'sProposing IN amendment to tie Con-
stitution providing for the fVsding
of the boaded debt u the city q
New Orleans, other than P1em1um
Boads, into -four Per cent. boads;
providing . special tax Of ooe pee
cent. to pay the bonded debt Of The
city, and exempting Tie sid -four
per cent. bonds from taxatioo, and
further authorizing the said city to
assume and pay such unpaid claims
said city and parish which it nay
find to be equitably due BY said
Board"
SkCTlOx I. Be It resolved BY the Sen
ate and House of Representatives Of The
State Of Louisiana, twO-thir1s Of al
the members elected to each house Coz
curing, That the following amend
ments to the Constitution Of the Staie
be submitted to the electors Of The
State 1t the next election for Repee-
sentatives for the General Assembly In
1891, for the purpose Of retiring the
now existing valid Outstanding boods
of the city Of New Orleans, includlng
the bond certificates or bonds 1soued
under the act of the Legislature No. -
Of lss3, and to retire judgments BOW q
hereafter rendered against the city o.
1oating debt claims prior to 1879, eati-
tied to be funded under act No. 81 q
1884, the said City Of New Orleans =
hereby authorized and directed, % and
after the adoption If this amendUent.
to Issue through the Board of Ltaujda.
tion Of the City Debt, bonds % b
known a. the Constitutional Boods ~
the City Of New Orleans, not exceeding
ten millions Of dollars, at nfty years.
bearing four per cent. per annum inter.
est, TO bear date and be In the form pre-.
scribed by the Legislature. TAe said
bonds shall be applied by the sajd
Board to the retirement Of said oct.
standing bonds and Judgments, b. the
sale Of said Constitutional Bo1ds, and
application Of the proceeds Of sole By
the Board Of Liquillation, 70 nav o.
purchase said Oufetanalim1 hnnaa 81
OL 3y e1cnaA9lne the $40
y o.ssase.sons. nonss ioE Doeoes o. tne
:. .sIs snI " sne mooe pfescf1Deo -
. ~ :Zse..ss LOT tne peymeas %
~ ~ 49, .nu pIInGiP0 - nasel!sy,
u s.su SCoss,seslOasa nooas, sna osees
y .IsssAu!S 0Clsos hoy TesEeo unoef
'1lS .eueIv, .no ION sne payment
u -. ~ s 1s.1.l .ll4smenss sna pEea1ene
p Us IHem.um nonus OF eeso e1sy, TIE
wa Sssy - nefeDy s1tnotiseo an0 a.
!eSseu 20 levy snnoealy, ana unsu To
leu pcynens OF sesd Dood:, . special
AZ OF one per cent. on al the real cd
personal property Of the city, said tax
. Dc pefs OF ana NOV IN aodleaoa 70 the
AZ Of twenty mills and two-tenths q .
MIL on the dollar OF valuation now
evied for al purposes BY the City q
aid over - collected to, and Be ap-
,lied by the Board Of Liquidation, 10
he payment Of the interest and pFincl-
vi as maturity of said COnstitutioaal
30nds, and OUTSTANDING bonds not n.
ired, and to the payment Of tho alDot.
nents Of Premium Bonds and premiums
.xtant, In the hands of holders.
Said tax II hereby declared to h t.
contract right of the h0lders of all said
)onde; and the exemption of sald Co..
Bonds from IN taxatios n
he City of New Orleans and 5000 n
louisiana Is hereby rccoanized ~ d.
Jared. and After peymenf AZ an ~ ~.
lual interest On eaii Consfifrfsn.el
,onds an1l honds mt rpsir.6 ~ ~
'avment Of ~ aid srrnal eI.ce-:es
q pre,e;.m Ro.1. ~ -~.;~--
M In M hsn6e AZ hoIasrr ~ -.
Min. ,,,nv;.;o,s -. : s;.ss.- ~
1 sncS Hme ma Of s.eh s1osst - ~
preaer,hee. ehe sneniua a
IA one per eent. ahail 81 disneee1 =
: pveecribed bv The I.eaialatrra
ThA - nas.ca ~ tn n,eeenl .s.-se.
70, Sc entitled ..An act 70 oarrv iaoe -.
Get the Constitu sionel ameod1ane -.
i at The present seeeiou relative g ~
end debe Of the city II New Or3eona"
o.6r~.S n ~, -. .,",s. . ~ "s.s@
,etween the city Of Mes Orleans ga -
pr...;.w ncnJ. ~ - ~ h..S.
4. Min. ~ ,.s;-.1 :. .c...;5
9r~o. 4 r. = s.,sss, ,~..I..s -
M ~ ,;sv - NJ O.a.... ~ ~
,e,shv ..sSo.;,SS "a .-.s !.
'xa.ise into and assume tie paynsat
Z TIE claims o. obligations q the oeoea
y School Direetoss Tor Tie eity and pas.
y o. orleans due Tor the jean leeos
81, 1851, l8S3 and 1854, nov il ~
'aads of original ownsss. vho heve u
70 WISE paresd Win sAsdf osa9toal ovn-
sshsP o. pledged the :aoe. - 10y be
eend q b equieabIy due By odd beas1
p sesvseGe rendered. !Abor PessosWee
9eserasis furnished by authority -
- S. o
~ c ~ s :. oe y I.ssnes seee!ve9. cee..
~ ~ eseeso,e ves.ag q sAad sssssteo