The Colfax chronicle., 1892-01-02
mo- 8.

"<ee - - ~@>-
by sald BOARD.
SECTION |. Bs Il resolved By tAe Senate ana
Eouse 0 Representatives Of the State of Lo.-
isiaRa. tr0 thirds Of dft thc mesffe's e!e sce %
each house coaoxysisy That the following
anne dmeuts r. the Consultation Of the
State be submitted 10 the electors Of tho
State Mt the next election for Representd-
tives for the General Assembly IN the year
1899 for the pu,pose Of retiring the now
existing valid oatstandiog bonds OF tho
city Of New orleans. including the bord
certificates or bonds issued nnder tie act
If the Legislature No. So Of 1881, and TO
retire Judgments now OF hereafter render
eel agalns: tie city on hoat'ng debt claims
prior to 1879, entitled to b. funded under
act No 81 IT 1854. the sai.t city Of New ur-
leans is hereby authorized and directed. on
aud after the adoption OF this amendment,
to Issue through the Board Of Liqnidafivn
Of the City Debt, bonds 70 be known a. the
Co!stitutionai Bonds Of the lily Of New
Orleans, not exceeding ten millions OF dof.
lars. at fifty years. bearing fcnr per cent
per annun, interest, to bear dale aud be in
the form prescribed by the Legislature. -
The said bonds shall be appiied oy toe
said board Ia the retirement of SAID ONT
standing bonds and Judgments, oy the sais
Of sail constitutional bonds, ana arphca.
ton OF the proceeds OF sale ov tnA n'ard
OF liqHidaticn. TO pay or purchase sara out
standing bonds and Judgments, or ey ex.
changing the said constitutional bonds Ior
bonds. ON the terms and IN the mode pre-
scrihed bs the Legislature FOR tne pay
mept Of the interest ana pr'nc,pat ~ ma,
maturity OF sa,d cons'Nutiouni o''noe, nnu
other outstanding bonds Lce retireu unsset g
thIe auiendment, ana Tor tue paynsens ot
the annunl afiotments and premiums OF Toe
Premium Bonds OF esid city. the eaad city
is hereby authorised and d'racted TO levy
annually, and until the fuh payment o.
said bonds. tax OF one per cent on All the
real aud personal property OF the c,ty-
said tax to be part Of. and not IN addition
TO, tho tax Of twenty mills AID two'sentns
OF 9 mill on the dollar OF va'uation now
levied Tor AL purposes by the cisy OF new
Orleans, ard the said tax shall % pald over
as collected to, and DC applied oy, tne ooard
OF liqn'dation to the peyment oi Ine IN,
tcrest and principal at maturity o. saia
constitutional bond and outstanding bonds
not retired. and to the payment oi tne q.
lot'nents oi premium bonds ana premiums
extans in the hands OF holders
Said tax Is hereby declared to De tne
contract right Of tho holders q AL saso
bonds; anS the exemption OF said cnnsti-
tutional bonds from all taxation oy tho
city OF New OrlGans and state or houlsi.
ana Is hereby recognised aud decinren' ana
after payment OF all the a"nuai interest,"
on said constitutional bonds and bonds NOS
retired. and the payment OF the SAID an.
nual allotments OF premium bonds ana
premiums extans IN the hands OF holders,
and after making provisions for sinking
fund, Mt such time aud Of such au amount
as the Legislature prescrllsss, the surplus OF
said Que Her cent shai. oe disposed of -
prescribed ny the leg1sAtnre.
fhe act passed At the present session.
No 81. enfitied IAN act TO carry insc 81.
80 A. the % nrsssnt % sss.iom relative 20 liz b nd
debt Of the city Of New Orleaus.r etc., be
and il hereby approved and confirmed in
all it- parts Is . contract between the city
of New Orleans nnds the holders Of said
constitutional bends, premium bonds, and
Of the bonds outstanding not retired ~
aforesaid.
SEC. = N fNrfher yesotred' ccy Inas
the city Of New Orleans De and - hereby
authorised and empowered TO examine un-
10 and assume the claims or on!1g"alons Of
the board of school directors for the city
and parish Of orleans auc iot tne yeas
1850. 1881, ls62, 1853 aud lHp54, now'fn tic
hands If original owners. who have IN no
20. ,.a,-t,1 s<;fb fbA;r ,i0bf of ,,vpersbjy3t =
wsse t.'''ea -. s'ess =, G $500 ~
or psed4ea inc same' es ""y ne so's"v -
be oquitabiy due by said board tor services
rendered. labor Derformesl or materials fnr-
';"S,.s1 H.. a,,fLnritv ~ sa;d bonrd
nisned .oy 'Iey - s"su "sr" M,
SEC. 8. BE Il further rcsolrcd, etc., That
all electors voting a. said election for 5, said =.
y, "sne' UNI s.Ea- the civ nf New Orleans
debt amendment and all electors voting
at said election against said am snllneut
shall place on tneaf oupoSs Sno VOLTS
'Against the city Of new ofleans deps
Joint Resola.ioR No. 264 : 4mtndnsesk No 2.
Proposing to submit 20 the eieceors OF tnw
State an amendment to article two hun
d,.l, e,,d t,vs,,fv-n;ne 900, of fha coo-
s.;sn.;a.' ;nr - tss3 sel,,;vn a. nuhl;e s.,u.
sutntion Oh Aoss' tehaavo 20 puonc oou-
ostf0n.
- H. 1