The weekly messenger. [volume] (St. Martinsville [i.e. St. Martinville] La.) 1886-1948, 1906-10-13


ncates from said October LIST, 1903, pro
Vlded, that for the purposes of this Act
no interest on said certificates shall b.
showed after January LIST 1907. Sucl
payment must be made only to the per
sons named in such certificates, or to
their heirs or legatees, or to their duly
authorized counsel; upon surrender OF
TIE original certificates Of indebtedness
section 4. Be it further enacted, etc.
mat the principal and interest of said
ponds shall be paid BY preference out
OF that one-half o. the surplus of the
one per cent debt tax levied BY the CITY
OF New Orleans by virtue Of Article 314
OF tho Constitution Of Louisiana, which
Is dedicated for public school purposes !;
ana In making in each year apportion.
ment OF the surplus Of said tax, the
Board Of Liquidation shall from the one
half apportioned to the public schools Of
New Orleans, withhold, BY preference, a
sum sufficient to pay the semi-annual
interest on said bonds, and the sinking
fund hereinafter provided for.
Section 8. Be it further enacted, ETC.,
That after January LIST, 1917, the said
| Board OF Liquidation shall, out Of the
said one-half surplus of said tax appor.
toned to school purposes set aside a sink
ing fund sufficient in amount to retire
the whole Of said ISSUE Of bonds, on or
before January LIST, 1927, and shall, from
time to time, and at least once every
three months, as said fund accumulates,
select BY lot the numbers of the bonds
to be retired at par and accrued interest,
and shall advertise for ten days in
newspaper published in each of the cities
OF New York and New Orleans, the num-
bers OF said bonds and the date they will
be paid (Which date shall be not more
than thirty days from the date of said
ADVERTISEMENT and at the expiration
OF said date said bonds shall cease to
bear interest.
Section 6. Be it further enacted, etc.,
That all the substantial provisions of
this Act shall constitute a contract be-
tween the holders of bonds issued here
under, the State Of Louisiana and the
City Of New Orleans.
Section z. Be it further enacted. ETC..
That at the congressional election to be
held in this State on the first Tuesday
following the first Monday of November
1905, the following amendment to the
Constitution Of the State of Louisiana,
shall be submitted to the electors of the
State, to-wit:
"The City Of New Orleans shall have
power and it shall be its duty to issue
two hundred thousand dollars of bonds |
known as "School teachers salary |
bonds" for the purposes and under the |
provisions and conditions set forth in
the special act Of the Legislature adopted
to that end and for that purpose, at the
regular session of 1906, which said act Is
hereby ratified and approved; and all
provisions of the present Constitution of
the State in conflict with the provisions
of said act, and with his amendment are.
to that extent, and for that purpose onl.,
repealed.
Section 8. Be it further enacted. and
ETC., That on the official ballots
% be used at said election shall be placed
he words: "For the City of New Or.
cans school teachers salary bond amend.
nent;" and the words: against the
City OF New Orleans school teachers
alary bond amendment" and each cleo.
or shall indicate his vote on the pro. .
posed amendment as provided III the
General election laws Of this State.
j. W. HYAMS,
lpaakop ~ <bo uo,.> "a |
tives.
J. Y. SANDERS,
Lieutenant Governor and President Of q
the Senate. Ia
approved June IL, 1906. c
NEWTON c. BLANCHARD, t
Governor Of the State Of Louisiana. ID
A true copy:
JOHN T. MICHEL, c
Of State. o
ACT NOS.
y Mr.. Pearcs. House Bill No. 4s. =
JOINT RESOLUTION. L.
'roposing an amendment to Article 255 :
Of the Constitution of the State of );
Louisiana, relative to the removal Of =
the limitation on appropriations for a
the Louisiana Industrial Institute, To- :;
Gated at Ruston, La, for maintenance
and support. 81
Section 1. Be It resolved by the Gen. .,
al Assembly Of the State Of Louisiana, =,
Of all the members elected a
each House concurring. That Article Z,
IS Of the Constitution Of the State of a
ouisiana, be amended and re-enacted so q
!, to read as follows: