Feliciana sentinel. [volume] (St. Francisville, La.) 1877-1892, 1892-02-27
JOINT .nksolurroN NO. llo-AxExD-

MENT NO. /.
''prOpOsing an amendment to the Con-
stitutiom providing for the funding OF
the bonded debt Of the city Of New Or
leans, ether than Premium Ronds. Into
four per cent bonds; providing spec
hi tax Uf one per cent, to pay the bon
ded debt of the city, and cxempting the
said four Der cent. bonds from tax alton,
and further authorizing the said city to
assume and pay such unpaid claims VI
the Board If School Directors OF satd
city and parish which 1t may finG to be
equitably due by said Board"
SkcrIONl Be 1t resolved by tn" Sen
ate and House Of Representatives OF the
State OF Louisiana, two-thirds OF all the
members elected to each house concur
ring, That the following :siucuduA1n'st 10
tho Consultation OF the slate hc submit
ted to the .stErs VI the state NJ IN. INC
next election tyr Representatives. for the
General Assembly in the year ls92. for
the purpose Ut retiring the no's 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 1854 and to retire
judgements now or hereafter rendered
prior to 1879. entitled to be funded un-
der act No. CT Of 1854, the said city of
New Orleans Is hereby authorized and
directed, on and after the adoption Of
this amendment, to Issue through the
Board Of Liquidation OF the CITY Debt.
bonds to he known as the Constitutional
Bonds Of the City OF New Orleans, not
exceeding ten millions Of dollars, at fiji
ty years, bearing four per cent. per All
nun interest. to bear date and bc In the
form prescribed b. the Legislature. The
said bonds shall I've applied by the said
board to the retirement Of said outstan-
ding bonds and Judgements, by the sale
OF said Constitutional Bonds, and appli-
cation OF the proceeds Of sale by the
Board Of Liquidation, to pay or purchase
said outstanding bonds and judgments,
or by exchanging the said Constitutions
81 Bonds for bonds. on the terms and in
the mode prescribed by the Legislature.
For the payment OF the interest and
principal at maturity, OF said Constitu-
t;enul Bonds, and other outstanding
bonds not retired nnder this amendment,
merits and premiums OF the Premium
Bonds Of said city, the SAID city is here
by authorized and directed to levy an
n',ally, and until tue full payment Of
said bonds, q special tax of ono per
cent. on all the rea, and personal prop
erty Of the city. said tag to be part of,
and not in addition to the tax of twenty
mills and two-tenths OF a mill on the
dolla- OF valuation now levied for all
purposes by the city OF New Orleans,
and the said tax shall be paid over as
collected to, and DC applied by the
Board Of Liquids ion, to ,he payment OF
the interest and principal ut maturity OF
said Constitutional Bonds, aud outstan-
ding bonds not retired, and to tue pay
ment Of the allotments of Premium
Bonds and premiums cXtant, III 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 Con-
stitutional Bonds from all taxation by
the City OF New Orleans aud State Of
Louisiana is hereby recognized and de-
clared, and after payment Of all the an
nual interest on said Constitutional
Bonds and bonds not retired and the
payment OF tie said annual allotments
Of Premium Bonds and premiums extan:
in the hands OF holders. and after max =
ing provisions for sinking fund, at
such time and OF such All amount as the
Legislature prescrihes, the surplus OF
said one per cent. shall be disposed Of as
prescribed by the Legislature.
The act passed at the present session
No. 36 entitled IAN act to carry into cf-
feet the Constitutional amendment pass
cd ut the present session relative to the
Lond debt of the City Of Now Orleans ~
etc, be and Is hereby approved and con =
firmed in all its parts Is - contract be-
tween the City Of *ew Orleans and the
holders Of said Constitutional Bonds,
Premium Bonds and OF the bonds out
standing not retired as aforesaid.
SECTION =. he II further resolved,
etc. That the City Of New Orleans be
and Is hereby authorized and empower
cd to examine into and assume the pay
mcnt Of tho claims or obligations OF the
Board of School Directors for the city
and parish OF Orleans due for the years
1880. 1881, 1882, 1883 and 1884, now in
the hands Of original owners, who have
in nowisc parted with their right of ow-
nership or pledged the same, as may be
found to be equitably due by said board
for services rendered, labor performed
or materials furnished by authority Of
said board.
SECTION 3. Be il further resolved, etc,
That all electors voting at said election
for SAID amendment shall place upon
their ballots the words, ''FOr the city Of
New Orleans debt amendment" and all
electors voting at said election against
said amendment shall place on their
ballots the words, Against the city Of
New Orleans debt amendment
JOINT RESOLUTION NO. 154-AMEND-
EENT NO. 2.
''Proposing to submit to the electors Of
this State an amendment to article two
hundred twenty-nine (229) of the Con-
stitutlon OF 1893. relative TO IuOlic Ed
ucatiOn."
SECTION l. Re it resolved by the Gen.
eral Assembly OF the State of Louisiana,
two-thirus Of the members elected to
each house concurring therein, That ar
ticle two hundred and twenty mine Of
the Constitut; Of eighteen hundred
and seventy mine, be amended and re-
enacted so AS to read as follows. viz:
Article 220-'lhe school funds of this
Tot 1, un 0f, =. x.R
taxation for school purposes AS provided
in this Constitution; 2. The interest on
the proceeds OF all public lands hereto
fore granted by the United States for the
use and support Of the public schools !;
3, OF lands and other property which
may hereafter be bequeathed, granted
or donated to the state or generally for
school purposes; 4, All funds or proper
ty (other than unimproved lands). be-
queathed or granted to the state, not