The Meridional. (Abbeville, La.) 1856-1906, 1892-02-27
PROMULG ALTON.
Proposed Amendment 10 the
Constitution of the State OF
Lotisiansa by the General
Assembly I'm 1890.
STATE OF LOUISIANA.
fice of the Secretary of State

II
In 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
maents to the Constitution of this State,
which have been eoncufred in by two
thirds of all the members elected to each
house of the General Assembly of this
State, at the regular session thereof, held
1T the City of Baton Rouge i'll the year
1890, ard which are required to be pub
lished for the information OF the electors
of this State for three months preceding
the next election for representatives. and
which proposed amendments more fully
appear in the Joint Resolutions Nos. 40
and 154, which are hereinafter officially
published for the information of the quail
fled electors of this State, and which will
he submitted TO them for their approval
or rejectian, at the next general election
which will be held on Tuesday the 18th
day of April, 1892. lit being the Tuesday
next following the third Monday of said
lnonfhl in such manner and form that the
qualified electors may vote for or against
each amendment separately; and II a 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, .orreither
OF them, SO approved aud ratified. shall
become part Of the Constitution of this
State.
JOINT RESOLUTION NO. 110-AMEND-
MENT No. |.
proposing an amendment to the Com
sfitution providing for the funding of
the bonded debt of the city of New
Orleans, other than Premium Bonds,
into four per cent bonds; providing O.
special tax of one per cent. to pay the
bonded debt of the city, and exempt
ing the said four per cent. bonds from
taxation, and further authorizing the
said city to assume and pay such un--
paid claims of the Board of School
Directors of said city and parish which
it may find to be eaultably due by said
boardn
SECTION ]. Be 1t reS0Jred By the Senate
and House of Representatives of the State Of
Louisiana, tteO-ttirds of all the members etec-
ted to each h0Nse c0ncarring, That the fol-
lowing amendments to the Constitution
of the State be submitted to the electors
of the State at the next election for KEEP
resentatiyes for the General Assembly in
the year 1892. fer 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. So of 1882
and to retire judgments now or hereafter
rendered against the city on floating debt
claims 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 zen
millions of dollars. at fifty years, bearing
four per cent. per annum interest, to bear
date and be in the form prescribed by the
Legislature. The said bonds shall be ap-
piled by the said board to the retirement
ar ,Ia2a
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 judg-
ments, or by exchanging the said Constr
tutional Bonds for bonds, on the terms
and in the mode prescribed by the Legls-
lature. For the payment of the interest
and principal at maturity. of said Consti-
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 author
i1ed and directed to levy annually, and
until the fnll payment of said bonds, a
special tax of one per cent. ON all the real
and personal property of the city, said tax
tu be part of, and not in addition to the
tax of twenty mills and two tenths OF
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
rs 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 tile payment
of the allotlnents of Premium Bonds and
premiums extant, in the hands Of holders.
Said tax is hereby declared TO be the
rontraet right of the holders of all said
bonds; and the exemption of said Consti-
tlitional Bonds from all taxation by the
IitN of New Orleans and STATE af .4aNlS-