The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1912-10-19

81 q prizes not co exceed One HuneEY y
and Three and accrued mteres, ore.
bonds cannot be purchased as . sIoss.
said. the sinking fund shall be fnves.,
ri nv the Board of Liquidation OF w
state Debt in sound. interest," oeA ems
securities. producing not less l.ian -, the
Per centum per annum Ai5e, nns,ted In
Amount 80 invested. or deposlteu -.
solvent banks furnishing adeaua. ad hv
gtrfty to the State, to be approsea ~
the said Board, at rate OF .n.ei q e N
not less than four rb per be eehI levied until
ali of said bonds shall have peeh ~
fired but after the assessments OF Lns
State reach the sum OF ok l1un nhe II
and Fifty Million Dollars. sa1a iaA .b b
sfter he reduced two-tenths or one nun ~
FOR each One Hundred Million Dolla!s
Increase In assessments until tng saat -
tax shall be reduced TO si1-ssl,e .ti+,, "
sna mill The said tax shall constltuls
s'i n.rt ~ the six mills OF taxation per
mttfed to be levied by the Consteta .a.oa
In case the present system OF Taxa ~
ZION shall be changed before the Satu
be levied annually a tax sufficient -, e
nrodilce a gross sum of not less In ina,
sfy Hundred and Fifty Thousand Dol.
lars to take the place. OF SAID TAX o.
one and two-tenths mills ana lie
@The Board of Liquidation OF the
state Debt shall have power to settle
under the conditions and limita tons
hereinafter provided, the Ioa . W. -.
claims Of Indebtedness made by var1'
GUS nersons against the State, to-wit:
Tf The outstanding bonds known OIL
Raby Bonds excluding all Baby Bonds
fraudulently issued by any official o.
12l Auditors warrants. issued fo1
school. certificates of Indebtedness I'M
der Act 126 of 1880. \.
fs1 Certificates issued under Act 81
of 1880 for costs and fees due TO .it'
officers Of the State. 800,
90 Warrants drawn prior 90 lso,
and fundable but not funded into haos
Bonds. ~
Is Warrants drawn after January oa ~
of 1880 against 1878 and previous years
Provided, however, that the owners 81.
or the duly authorized trustees OF ta y
owners of said claims may prlor >. y =
January 1st 1915, but not thereaI:tsel
proceed against the na bfa by rule sclel,
and exclusively in the district court Q:
the Parish of East Baton Rouge q
have the said claims examined ane
their validity and the indentedness o.i,
hereby given jurisdiction for that pur
pose
This jurisdiction shall extend no no
only to the determination OF the mea'
said claims, but also to the. determina
don Of any equitable liability Of tn,
State thereon and the extent OF sucl
equitable liability. Appeal shall lie ]. !.
involved, on the original record, to thu
gupreme Court Of the State of Louisf
ana. The definitive DEGREES OF san
courts shall not have the effect OF 1uog
tents against the state or me ne. Bo al,
9oard of Liquidation of the State Deb
shall have the exclusive power to set
tle me claims, thus approved by IN
courts of the State, out OF the sinkin'
available, but they shall not be pait
otherwise or out Of any other fund.
Nothing in this amendment shall b
construed as recognition by the stat
of any liability, whether legal or eau1
table, to the owners or the holders o
any Of the said above designated bonds
warrants or claims, and the burden @
proof shall rest throughout on each o
such claimants to show such liability.
Out OF the first surplus accruing il
the sinking fund, there shall be paid II
full the amount Of principal and inter
est due on the bonds of the State, tn
face values Of which aggregate Thirty y,
are held by the United Sta ties rs trus
tee for certain Indian funds.
This article, as amended. shall b
deemed to be self-acting and directl
to confer the power and authorit
Of the General Assembly "
Gecti0n 2. Be 1T further resolved
by the General Assembly of the Stat
OF Louisiana. two-thirds of all III
members elected to each house cor
SURFING. That the official ballot to b
used at said election shall have printe
thereon the words:
"For the proposed amendment to Al
ticle ,46 of the Constitution of the Stat
of Louisiana. relative to the refundin
and settlement of the indebtedness Q
the State
And the words:
Against the proposed amendment
Article as of the Constitution of fh
State OF Louisiana. relative to the re
funding and settlement of the fndebt
edness OF the State"
And each elector shall indicate 0
said ballot, as provided in the Genera
Election Law of the State, whether h
votes for or against the proposed amend
ment
L.. E. THOMAS,
eaker OF the House of Representative
THOMAS c.. BARRETT
Lieutenant Governor and President {
the Senate.
apprtyed: July 18th. 1912.
L. r. HALL,
Cove nor Of the State Of Lou,sian
g true crpy:
ALVIN E. HEBERT,
Secretary OF State