Feliciana sentinel. [volume] (St. Francisville, La.) 1877-1892, 1892-02-20
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leans. lther than Premium ROnds. int"
four per cent bonds; providing n spec
iai tax of one per cent. to pay the Don
dc,i debt Of the city. and eNempting the
said fOurper cent. bonds from ttSa,'"n'
and further authorizing the said city to
assume anu pay such unpaid claims oi
the Board I school Directors of said
city and parish which It may tind 10 We
eqiitably due by said Board.
ShCrIOSl. BE it resolved by the zen
| ate and House of Representatives OF fhr
i State of Louisiana. two thirds OF all the
members elected to each house concur
ring. THAT the following amendments"
| the Con stitufiOn Of the stat" De summit
ted to the cct"rs "f the star" at !ne
| next erection for Representatives Tor the
| General Assembly in the year 1872 Tor
the purpose "f retiring tn" now existing
valid out>tiniuy bonds al tn" city OF New
| Orleans. including the bond c"rt,ficateS
or bonds Issued under the :'ct "t ~"
Legislature No. * of 1892 aud 10 retire
judgements now ar hereafter rendered
against The city on floating debt claims
prior 10 1879. entitled 10 le funded un-
der act No. G7 Of 1884. the said city "f
New Orleans il hereby authorized anu
directed. on an,l after the adoption OF
I; il amendment. 10 issue through the
Board Of Liquidation Of the CITY Debt.
l,urtl< to ~. known as the constitutional
Bonds ( the City of New Orleans. not
exceeding ten millions OF dollars. 1T Ill
~ wears. bearing fOnr PER ce;l:. l'er All |
mum interest. TO hear date and be in the !
j. form prescribed by the Legislature. The |
said bonds shall h. applied by the said
hoard to- the retirement of said "utstan- |
ding bonds aa'l Judgements. Ivy the sale
Of said institutional Bonds. and appli-
cation of the prO:'eeds 1T sale BY the
Board "f Liquidation. 10 pay or purchase
said outstanding h.ntis and Judgments.
) or Nv exchanging the said Cancellations
nj Bonds for bonds. oii tho terms and In
III Il k>s. 1af
For tire payment II ths: Interest and
principal ut maturity. Of Aaid Cnra'ttu-
tionnl Bonds. and other outstanding
,n, d. not retired n,tler this amendment.
. anil for the payment Of the annual ;'i!ot-
, / me, t. and premiums OF the Premium
] Bonds If said city. the sald city Is here
: bv authorized and dirccrcd {" levy an
n,,ally. and until the full payment ~
= said bonds. II special tax Of one per
n cent. On all the real and personal prop
cr,y Of shr city. said tax :" he part "i.
aud not in addition to tire tax of twenty
4. mills and twO-t' nths III " mill on th'
dollar of valuation now levied for AL
purposes hy the citv nf New Orleans.
aud the said tan shall H.: paid over u
Il objected to. and br applied by the
Board Of Liquids ion. to Ihe payment az
'" the interest and principa. 1t maturity OF
j. said iu,ial Bonds. aud out-tan-
ding bonds not retired. and I" the pay
- mirnt of the all"tmemts "f Premium
- Bonds and premiums cNtNnt, Ill TIC
+; hands Nf holders.
- Said tax is hereby declared to he the
contract right IT the holders VI all said
e bonds: and the exemption of said Con-
. stituti"nal Bonds from all taxation by
II. the City Of New Orleans aud State OF
er Louisiana ia hereby recognized and de-
IS clarcd. and after payment OF all tue an
IL. nual interest on said Constitutional
=! Bends and bonds not retired and the
u payment OF I. q said annual allotmcnt'
on OF Premium Bonds and premiums extan
yer in the hands Of holders. and after max
', ing provisions for u sinking fund. -
=" s,,ri, time and Of such AL amount AS thu
Legislature prcScriirS. the surplus q
! = said che per cent. shall be disposed OF Al
y: prescribed by the Legislature.
The act passed ut the :'rctent session
No. 3G entitled San art I" carry into If
feet the Constitutional amendment pass
ed ut the present session relative to tn
bond debt of the City OF New Orleans.
mn etc. DE and is hereby approved AMI co"
~ tirmed in all IFS parts rs contract nc
is. holders of said Constitutional Bonds
ct. Premium Bonds and OF the bonds out
standing not retired as aforesaid.
SECTION =. BE it further resolved
etc. Tat the City Of New Orleans b
and is hereby authorized and empower
cd to examine into and assume the pay
iSh ment Of the claims or obligations OF II,
ion Board of School Directors for the cit
and parish of Orleans due for the veal
en' 1880. 1881, 1882, 1888 and 1854, now
the hands Of original owners. who HAY
!, Is in nowisc parted with their right Of on
nership or pledged the same. as may u
found tn be equitably due by said boar
'h" for services rendered. labor perforni
or materials furnished by authority I
,es- said board.
SECTION 3. Be il further resolved. ct
That all electors voting ut said elcctiO
Gay for SAID amendment shall place uPo
their ballots the words. ''FOr the city
law, New Orleans debt amendment. and Il
1st. -, ,.,s. s,,"i, ,,,."o ~, IN.
and ballots the words. Against the city
New Orleans debt amendment"
lay, JOINT RESOLUTION NO. 154-ANENl
HENT MOI.
and ..Proposing to submit to the electors
this State an amendment 10 article tv
hundred twenty mine (229) Of the Co
""s stiiution Of 1879, relative to Public f.
ucntiOn.''
and SECTION !. Be It resolved by the &c
cral Assembly Of the State Of .ouisian
re- twO-thirtls Of the members elected
9Th. each house concurring therein. That 4
and ticle two hundred and twenty-nine
the COnstitut on Of eighteen hund r.
lion. and sever ty mine. be amended and r
81. enacted so as to read as follows. viz:
Article 229-lhc school funds of I'll
l.. State shall consist OF: l. The proceeds
ana taxation for school purposes rs provid
- i'm this Constitution; .. The interest
nv the proceeds Of all public lands heret
~ fore granted by the UNited States for t
titn- use and support of the public school
k1" 3. OF lands and other property viii
may hereafter be bequeathcd, grant
Il or donated ~ the state or generally
school purposes; !. All funds or prope
ty (other than unimproved lands). b
queathed or granted to the state. =
designated for other purposes: 5. L
proceeds of vacant estates falling unt
A. the laws Of the state of Louisiana. T
5 Legislature may appropriate to the sal