The weekly Thibodaux sentinel and journal of the 8th Senatorial District. [volume] (Thibodaux, Lna. [i.e. La.]) 1875-1898, 1892-01-09

claims prior to 1879. entitled to be funded uii-
der act No. 81 Of 1884. the said city cf New
Orleans is hereby authorized and directed.
IN and after the adoption Of this amendment.to
issue through the Board of Liquidation of the
city Iebt. bonds 70 be known as the Consti
tutIonal Bonds of the CITY of New Orleans,
not exceeding ten millions of dollars. at fifty
years, bearing four per cent, pei annum in
'erest. to bear date and be in the form pres
ribed BY the Legislature. The said bonds
.hall be applied by the said board to the
firement OF said ou outstanding bonds and judg
nents. by the sale of said Constitutional
Bonds, q I'd application of the proceeds of
ale by the Board of Liquidation, to pay or
,'ur hase SAID outstanding bonds and judg-
ments. or by exchanging the said Constitu-
tional Bonds for bon,ls. on the terms and in
the mode prescribed by the Legislature. For
the payment of the interest and principal at
maturity, of said Constitutional Bonds, and
OTHER outstanding bonds no. retired under
this amendment. and tor fhe payment of the
annual ailotments aud premiums of the Pre-
minns Bonds of said city, the SAID city is
hereby authorized and DIRECTED to levy annual
iy. AMI unti the full payment of said bonds.
IL sI-eIai tax of one per cent. on all the real
and Pc, sonai property of the city said tax to
he part Of. .nd not in addition to the tax OF
twenty mills and two tenths OF a mill OH the
do lar of valuation now levied for all iurpn-
sea bv the city of New Orleans. and the said
AK aExll be paid Ovor as collected to, aud be
applied by the Board of l.iqni,lat nn. tn h.
nayment ot tae interest ond principal at ma-
'urity of said Constitutional Bonds. aud our
.tan.ing bonds not retired. and t" the pay
me"t of the allutments of Premium Bon.'s
and prem iums extant. in the hands of hold
ers.
Said tax is hereby declared to be the con-
tract right "f he holders "f all said bonds
and tie exemption of said Constitutional
B"uds fr"m sll taxation by tho City of New
Driea"s and state OF Louisiana is hereby re
c"gnzed and declared, and after payment of
all the annual interest on said Cons titufional
Bonds and hond- not retired anu the pay
m-1t of the said annual allotments of Pre-
MUM Honds and premiums ext&nt IN the
hand. Of holders. aud after making provisions
i"r sink,ng fund, st such time and of such
an Alnau ut ~ the Legislature prescribes. the
surplus of said one per cent. shall be dispos-
ed nf prescribed by the Legislature.
The act passed at the present session Ne
sc entisled AN act to carry il to effect the
Constitutional amendment passed at the pre-
sent session relative 10 the bond debt of the
City of New Orleans" etc, be and is hereby
approved and confirmed in all its parts as 4
| contract between the City of New Orleans
| :" Il Lh- h"iders of sail Cons itu'ional Bonds.
Premium Bonds aud of the bonds autstHnd-
ing not retired as aforesaid.
SEcrIoN 2 Be it further resolved. etc,
That the city af New Orleans he and 10 here
hy authorized and empowered to examine in
To aud assume the payment of th. claims or
obligations of the Beard of School Directors
for the city aud parish of Orieana due for
the years 1880. 1881. 1852, 1888 and 1884, now
| II the hnrds of original owners, who have in
n0wlse parted witn their right Of ownership
or pledged the same. as may be fonnd to be
eQuitAb;e due By aAid board fer ervices ren-
dered, labor performed or materials furnish
ed by authority Ui said board.
SkcTIoN ). Re st further resolved. etc. That
at al att.t.t inn mi In
| amendment shall place upon their ballots the
wor,is, "rOr the city Ut New Orleans debt
| a,nendinent," AID all el. cto-s voting At said
III. ction against sai't amendment thall place
| II their ha:iots the wor,ls. "a gainst the Git,
vi New Orleans debt amenducut
JOINT RESOLUTION NO. i5i-AMEND
AENT No.2
Proposing to sulnit to the elector. OF this
State xn amendment to article wo hun
dro,i and went V n li- t2a29) of the uustitu
tioa of 1879. relative to Public FL cation
SECTioS I. Be IL resoired by the Generdl
Assembly of the >tdte of Lou ma, tsro-thirds
Of the members elected to each house concurriag
ther. in. That article two hundred and twenty
nine of the Constituti ,n Of eighteen hundred
| Aml sevent -nine, be amended aud ro-enacted
| so as to read follows, viz:
| ARTICAL : 9-the sshooi fun.ls of this State
shall consist of: I. The proceeds of taxatio"
| FOR school purposes ~ provided in tins atO,'-
stihution 2. The interest on the proceeds of
xll public lxuds heretofore granted by the
| United States for the use and support of the
public schoois: ). Uf lands and other proper
| ty which may hereafter be bepueathed grant
ed or donated to the State or yeuerally for
| school purposes 4, All funds or property
| (other than unimpr,ved Iand.i. bequeathesl
| Or granted to the State, not designated for
other purposes 5, The proceeds "f vacant
/ f,,t. ft,aN Nfufp
Louisiana. he Legisls tute may appropriate
to the same funds the proceecs. i'll whole or
| in part. of public lands not designated for
| other purpose. and shall provide that every
| parish, or every school ward III each parish
may levy tax 1Or the public schools therein,
which shall not exceed five t5J mills on the
| dollar, he vote on such tax to be decided by
| u majority of the property tax payers OF each
parish, or each school ward or municipality
| in each parish, in Value and i'll lumber voting
| at said eiection-and all moneys SO collected
| to DO expended in the school ward where
levied. .'All elections under this act shall be
ordered by the Police Jury i'll the parish In
which the tax is proposed to be levied"
| SECTION ?. Be it further resolred, That the
| above amehdnt mt to article two hundr, d aud
| tweut, -nhe t.29l h- submitted to the eltlzent
of this State ut the next general election toi
| their approval or rejection. and that upon al
| ballot, east at that election for State Ol
| PARISH officers there shall be printed fhe>t
words For amendment. To article 229 OF the
! consf tuition 'Agalust amendment to article
80 # the Constitution
| Hl Nltness my signature and the sea
/ III : }of the State of LnuisiaLa ut the Cit
| ~ )ui Baton ion.e, thls 2oth day OF Nov
einber, 1891.
! L. +. Mason,
/ Secretary oI State
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