The Meridional. (Abbeville, La.) 1856-1906, 1892-01-23
PRONUNCIATION. !.
Proposed Amendment TO the
Constitution of fHae State of
E1Otislana by the General
Assembly in 1880.
STATE OF LOUISIANA,

once OF the Secretary OF Sbbt6
In pursuance of the provisions of the
and givento the qualified electors of the
State of Louisiana of the proposed amend
lnents to the Constitution of this State,
which have been concurred 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
at the City of Baton Rouge in the year
1890, and 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 aud
whichlpreposed amendments more fully
appear in the Joint Resolutions Nos. 40
and 754. which, ara hereinafter officially
published for the inforna5ien of the quail
iiet electors of this State, and which will
be submitted to them for their approval
or rejection, at the next general election
which will be held on Tuesday the 18th
day OF April, 1892. Dit being the Tuesday
next following the third Monday of said
month"; in such manner and form that the
qualified electors may vote for or against
each amendment separately; and If a MAJ
jority of the qualified electors, voting at
said election, shall approve and ratify all
or either of said proposed amendments,
then snch proposed amendments. or either
of them, SO approved and ratified, shall
become q part of the Constitution Of this
State.
JOINT RESOLUTION NO. 110-AMEND-
MENT NO. i.
Proposing an amendment to the Con-
stitution providing for the funding of
the bonded debt of the city of New
Orleans, other than Premium Bonds,
into four per cent bonds; providing
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
Il ~, nj
paid claims of the Board of School
Directors of said city and parish which
itmay find to be equltably due by said
hoard.o
SECTION /. Be IL resolced By the Senate
and House of Representatives of the State Of
Louisiana, t,vo-thirds Of all the members etec-
ted to each house c0RcuTriag, That the fol-
lowing amendments to the Constitution
of the State be submitted to the electors
Of the State at the next election for Rep
Tesentatives 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 OF bonds issued under
the act of the Legislature No. 5S of 1889
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 ten
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
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 pnr-
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 Legis-
1ature Fer the payment of the interest
and principal at maturity. of said Constl-
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,
ized and directed to levy annually, and
until the full payment of said bonds,
special tax of one per cent. on all the real
and personal property of the city, said 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 oil purposes by the city of New Or
leans, and the said tax shall be paid over
3oard 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, allotments of Premium Bonds and
premiums extaut, 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 Censti-
tntional Bonds from oil taxation by the
CITY Of New Orleans and State OF Louis