St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1892-02-13


Doaals, into four per cent. boads;
peOyialnx . special tan Of ooe PER
cent. to nav the lD0odletl debt Of the
city. and exe0ptiax TIE ssid four
per cent. h0odls fro0 taxation. and
further suthOrixlnx the sold city to
ss~up,e and nav surh unpaid claims
II the B0astlO l Sch0ol Directors Of
said city and parish which e nay
ind to he equltably dse by ssid
Board"
SnTIOx I. Ne d resolved by the Sen
ate and Hose u Representatives Of the
sseate 0f LOulsiana, twO-shirsls Of al
the uemhess elected to each house cos
curing, That the following amesd-
nents 10 the COastitutl0a Of the state
he submlttel to The electors II the
state 1t the next electi0n for Repre-
sentaiives for the General Assembly In
1851. for the purpose u retiring the
now existinx valid outstanding boeds
u the city Of New Orleans, Including
the sDoi certiarstes ~ bOads iseued
uaeier the art Of the Legislature No. -
~ lsss, and To retire judgnents BOW OF
hereafter rendlrred against the city -
noaaln. debt claims prior to 1873, entt-
tied TO be funalesi under sct No. 81 Of
1894. the said City Of New Oriesns n
hereby authorized and directed, On and
after the sdOpaiOa Il this amendment,
To Issue through the Board Of Liquida-
tion III the City I)ebt, bonds to be
Known - the Constitutional BOads Of
the CITY of New Orleans, not exceeding
ten miiliOns of siHllsrs, 1t Afty years,
hearing four per cent. per annum inter-
est. to hear date and be In the form pre-
scribed by the Legislature. The ssid
bonds shall he applied by the said
Board to the rrtirrusent u sold out
stsndins lD0nsls and Judgments, by the
sale Of said C0astituti0asi Eostls, and
spplicatirn Of the proceeds Of sale by
tie B0arsl of Liquidation, to pay o.
purrhase ssid Outstanallng b0ads and
Judgments. or by exchanging the said
Constitutional Roads for bOnals, On the
terms and In the mode prescribed by
the I.exixlsturc. For the payment VI
he intrrest and principal - maturity,
az snI&l C0astituti0oal Roads, and other
eutstandlnx bOaslx mt retired under
this a@enslmeat. and for the payment
a the annual all0emeats and prcm1ume
~ the Premlum Roads u sold city, the
said city ls hereby authOsizrd and d.
recsel to levy annually, and until the
fan payment III said bOosis, . special
tax Of one per cent. O all the real and
persaDnal property Of the city, sold tau
To he pari u and MT n addition to the
tax u twenty mills and twO-teaths "
mini On the dollar Of valuafSOa BOW
levied for al purposes BY the City u
New Orleans, and the said tan shall be
raid over - collected to, and he ap-
pliesl By the board II 1iquiiatiOa, To
the payment II the interest and pginci-
nal at maturity III said Constitutional
Roads, and Outstaoalisg bOa1s not re-
tired, and to the psyDeat Of the all0t-
meats Of Premium Roads and pFe0lums
extsnt. In the hands Of h0ldeFp.
Said tax In hereby declared to lie the
bOsls; and the exemption u said Goa
the City u NeWDOrleans and State 0f
Losisiana h hereby recognizrai and de-
clares1, and after psyment Of all the 81
nual Interest o. said Constitutional
Roads and boads not retired and the
payment Of the said annaal allotmesis
ol i'Iessiaa lIoasls ssA pssnians *.
tant il the hands q holders. and after
nAkisk psrovisioas for sinkine fund,
e sach dime and Of such amount - the
LeRislataae prescubea, the susplus oi
aid one per cent. shall Be disposed Of
~ prescribed By the legislature.
The oct passed at the present session
No. g eatislsd '.An oct % carry into e..
feet the Coastitusioaal ameadnent l,as.-
ed at the psesent session relative % the
bood slebe 81 the CITY n New Orleana"
etc.. b aad y hereby approved asd
l. "a
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