The Meridional. (Abbeville, La.) 1856-1906, 1892-04-02
PROMULG ALTON.
Proposed Amendment 10 tlne
G. Institution OF the State OF
EOtisfalEsl by the General
Assembly ina 1880.
STATE OF LOUISIANA,
fee of the Secretary of State

"
Tn 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
lltnts to the Constitution of this State,
which have been conquered in by two
thirds of all the members elected to each
house Of the General Assembly of this
State ut the regular session thereof, held
at the City of Baton Rouge in the year
1880, and which are required to be pub
lished for the information of the electors
,uf this State for three months preceding
the next election for Representatives,, and
which proposed amendments more fully
appear in the Joint Resolutions Nos. 10
and 154, which are hereinafter officially
published for the infornation Of the. qnal-
lied electors of this State, and which will
lie submitted to them for their approval
or rejection, at the next general election
which will be held on Tuesday the 19th
day Of April, 1857 lit being the Tuesday
next following flie third Monday Of said
month"; III such manner and form that the
qualified electors may vote for or against
each amendment separately /. and ii q ma
jority Of the qualified electors, voting at
said election, shall approve and ratify all
or either of said proposed amendments,
then such proposed amendments, or either
of them, So approved and ratified, snail
become a part OF the Constitution of this
State.
JOINT RESOLUTION NO. 11o-AMEND-
MENT NO i.
Pro posing an amendment, to the. Con.
stitntion providing for the FINDING of
the bonded debt of the city of New
Orleans, other than Premium Bonds,
into four per cent bonds; providing q
special tax Of one per cent. to pay the
bonded debt of the city, and exempt
ing the said four per cent. bonds from
i, AI,f,y +I,fh
said city to assume and pay such I'M
paid claims of the Board of School
Directors of said city and parish which
it may find to be equltably due by said
board.o
SECTION /. Be il resolsed by the Senate
and House Of Representatives of the State of
Louisiana, t,r0-tbifds of all the members elec-
ted to each house c0Rcaf7ing, That the fol-
lowing amendments to the Constitution
Of the State be submitted to the electors
Uf the State at the next election for Rep
rescntatives for the General Assembly in
the year 1892, for the purpose OF retiring
the now existing valid outstanding bonds
of the city Of New Orleans, including the
bond certificates or bonds issued under
the act of the Legislature No. 5S OF 1882
and to retire judgments now or hereafter
rendered against the city on floating debt
clainls prior to 1879 entitled to be funded
under act No. 81 1884, the said city Of New
Orleans is hereby authorized and directed,
on and after the adoption Of this amend
ment. to issue through the Board of Liqui
dation of the City Debt, bonds to be
known as the Constitutional Bonds of the
CITY of New Orleans. not exceeding ten
millions of dollars. at fifty years, bearing
four per cent per alnum interest, to bear
date and be in the form prescribed by the
Legislature. The said bonds shall be APP
Piled by the said board to the retirement
of said outstanding bonds and judgments,
by the sale of said constitutional Bonds,
and application of the proceeds OF sale by
the Board of Liquidation, to pay or pur-
chase said outstanding bonds and Iudg-
ments, or by exchanging the said Consti-
tutional Bonds for bonds, on the terms
and in the mode prescribed by the Leg1s-
lature. For the payment of the interest
and principal at maturity. OF SAID consul
tutional Bonds, and other outstanding
bonds not retired under this amendment,
and for payment of the annual allotments
and premiums of the Premium Bonds OF
said city, the said city is hereby zauthor--
lied and directed to levy annually and
until the full payment OF said bonds, a
special tax of one per cent. on all the real
and personal property OF the EzIy, s;aiu Tax
to be part of. and not in addition, to the
tax of twenty mills and two-tenths of a
mill on the dollar of valuation now levied
for all purposes by the. city. of New Or
leans, and the said tax shall be paid over
as collected to, and be applied by the
Board of Liquidation, to the payment OF
the interest and principal at maturity OF
said Constitutional Bonds, and outstand-
ing bonds not retired. and to the payment
of the aliotments of Premium Bonds and
premiums extant, in the hands Of holders.
Said tax is hereby declared to be the
contract right of the holders of all said
bonds; and the exemption of said Consti-
tutional Bonds frona all taxation by the
Ira1.. &f.tf4a AZ