The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1912-09-28
AeyTs no COS

ACT no. 205.
House Bill No. 4s3s. BY Mr.. Fontsnak
A JOINT RESOLUTION
Proposing an amendment to The Cons
stitution of the State OF Louisiana.
amending Article 46 of the Constitu.
ton of 1898, az amended by Act NO
303 of the Acts Of 1910, ratified bI
the people at the November election
Of 1910, SO as to authorize the BoaI 3
of Liquidation of the State A~at y
issue new bonds to retire or refund
the State Bonded Indebtedness dua
January list, 1914; to provide for .a
tax for the payment Of the inteTess
on said bonds and sinking Innd n, IoS
retire the same; TO provide TOR .tae
payment out of the said sinking fun
of an Indebtedness due by the State g
the United States, and Of certain otaelA
claims against the State.
Section /. Be it resolved By the ser.
eral Assembly Of the State OF Lolisish y
two-thirds of all the members elected g
each house concurring, That an amend.
ment to Article 4e Of the Consfltatioa
of the State Of Louisiana Of 1874 VI
amended by Act No. 3o3 Of the Acts q os
the General Assembly Of the state y.
Louisiana at It's session held In the ys e.
vember election Of 1910, be submitted
to the qualified electors Of the State Iof
their approval or rejection st fhe co ~.
gressional election to be held on lls
first Tuesday next following Fhe Inc LIE
Monday In November Of 1917: ssla pss'
Article IS. The General Assemp..s
shall have no power to contract sor ~ "
authorize the contracting Of any dso y
or liability, on behalf OF the sIa alfse w "
to issue bonds or other evidences ~ =
Indebtedness thereof, except 1oT H. H.
purpose OF repelling invasion or.fof lta ~
e15nprnsSinn ne tY,2IJrTAnfiQn.5F6 t fEuWiuHuf
that for the purpose OF retlrlns ,,at sst
uidat.ng or refunding the present III sSsis
Bonded Indebtedness Of Eleven WI
lion One Hundred and Eight .ihoasga ans
Three Hundred Dollars, maturing sa y,
uary 1st, 1914, and bearing fon 'r,oa IA
centum per annurn interest, the B e1s
of Liquidation of the State psp ,s., -
Louisiana is given authority g #is VA
Eleven Thousand, One Hundred ,s Ga
Eight new coupon bonds or I y ,s z 80
Of Louisiana Of One Thousand. e l0 lssas
each, to be numbered No 4 g ~. M
exceeding four per cenfum PEI 3 N IA
mum, payable sem1-annually ana y az ~
due and paid in fifty years iron q ,s ssI
uary 1st, 1914. The form OF sa AL goAs
shall be prescribed by tha Bo ossaa thsg
shall be signed by the Governor ta IA
Auditor and the Treasurer OF tne s.t Ssss
Said bonds shall be sold to the Z. = shrss
bidder at not less than par al Yer W., Ia
months of advertisement by tne 81. Pm IN
Of Liquidation Of the State Ispss
New Orleans Chicago and New Ian saId
and in case said bonds cannot y s I'M
they may be exchanged at par pss I,sst
Board of Liquidation Of the StaIs Xii
for the bonds due January Isl liar, iga
The excess Of Three Hundred pv4isafs .
of the bonds due January ls IT, - Il.
over the bonds authorized by NE LIE III
ticle, shall be paid in cash out y ata NJ
current interest funds of t .nEss.rsistng5
The cost of engraving and aay s9,,,t ~
said bonds shall also be pald -
the said fund. $, xsec.
TN all other respects not neren ~ 81 fhs
fled, the Board OF Liquidation y, Y. aver
State Debt is hereby given I IsIa lp, prls
and authority to carry out tns " sSs5S
sions Of this amendment. 4s1I
beginning with January ls *, TIsy.
there shall be and there is nsfs 1,s,,efa
led on all property on winch fss
state taxes are levied an amy ~ III
Of one and two-tentfls mills . ~ Id
proceeds of which shall pc aey 80 Oh
the payment of the interest ~ ~. III
said bonds. to the payment OF y. ~ ths
terest due on the Indebtedness z III.
State to the Free School Fun 1a,,r II nd
mary Fund and the Agr1ctu1 " tsas psy,
Mechanical College Fund. 60 O. 20 d ~
ment of the proper expense "a Dbl.
Board Of Liquidation Of the s.as Kan d
and the residue to the con 1s1s ass,.,nl,silY
sinking fund to be applied ~ ~ sha
except as hereinafter proyloso;; a Boe
purchase OF said bonds py So