The Rice belt journal. (Welsh, Calcasieu Parish, La.) 1900-19??, 1912-09-06
ACT NO. 2oa,
House Bill No, 1873. By Mr. Frs
A JOINT RESOLIITIM

House Bill No. 1873. By N, EysI
A JOINT Resolution
Proposing an amendment 10 III
stltution of the State Of L9iz3
amending Article 46 OF the I'd
ton of 1898. as amended b. lad
300 of the Acts of 1916, ransl
the people at the November u
or 1910, so as to authorize be q
of Liquidation Of the State Il
Issue new bonds to retire o. u
the State Bonded Indebtedna !
January 1st. 1914; to proslA n
tax for the payment Of the I'd
on said bonds and a sinking I'd
retire the same; to provide h I
payment out Of the said sinkl 4
OF an Indebtedness due by the Sci
the United States, and OF eertsf
claims against the State.
Section l. Be ii resolved by D.
eral Assembly of the State Of IaHsI
tWo-thirds of all the members .t.s
each house concurring, That 81 10
ment to Article As of the Consis
or the State of Louisiana Of lla
amended by Act No. s03 Of the M 1
the General Assembly Of the Sae1
Louisiana at its session held 10 d 4
1910. ratified by the people al N
Vember election of 1910. be AAng|
to the qualified electors Of the SUI
their approval or rejection at !A
gressional election to be he'd
first Tuesday next following tii
Monday in November Of 1917 St 4
posed amendment to read as follow
Article 46. The General Asp
snail have no power to eontrsd
authorize the contracting Of sM
or liability, on behalf Of The Me
10 issue bonds or other eyidenM
indebtedness thereof except ~
purpose of repelling invasion Or ~
suppression of instruction Pm
nat for the purpose of retifia q
lidating or refunding the pressns n
8onded Indebtedness of Hsyta
ion. One Hundred and Eight lhoas.1
'hree Hundred Dollars. matu'al =
larry LIST. 1914, and bearing ie- 7
entum per annum interest. ne y
I Liquidation of the State ~
louisiana is given authority .
eleven Thousand. One Hunele y,
Eight new coupon bonds OF ne VI
f Louisiana of One Thousand VI
ach, to be numbered No. ! z
LOS bearing a rate Of inlsiss
Needing four per centun ~ 4
UNI, payable semi-annually sho u
ue and paid In fifty years iron u. u
airy 1st, 1914. The form OF say
hall be prescribed by the bo.s i,
LIQUIDATION of the State Debt sE 4
hall be signed by the Govern RI
uditor and the Treasurer OF m
AID bonds shall be sold to ihs N M
oder at not less than par aIsu -
onths Of advertisement BY n ~ = 4
Liquidation Of the state w III
ew Orleans. Chicago and Nss 81
I'd in case said bonds cannos = n
ey may be exchanged at per y u
lard of Liquidation Of the Sns M
r the bonds due January G
he excess Of Three Hundred ~ IA
the bonds due January n, A
er the bonds authorized Dy ~ 81
lie. shall be paid in cash gu. Z sss|
trent interest funds OF tns 800
lie cost of engra wing and ause, 4
Id bonds shall also be pau =
e said fund. sf|
In all other respects not here, n
d. the Board of Liquidation y ~
tte Debt IS hereby given iun ~
4 authority to carry out Jus
ms of this amendment. =, aa|
beginning with January =. .ss III
re shall be and there Is heis~ go
on all property on Wfiics 81
tie taxes are levied an ann 4,
one and tw0-tenths mills, 40 u
ceeds of which shall be os, ~. n
payment OF the interest," 4, y
d bonds, to the payment o VI
est due on the indebtedn i s
tie to the Free School Fuaa 1|
~ Fund and the Agrictnltan,. n
College Fund, 70 II ~
ut of the proper expense. e. l 81.
I'D Of Liquidation Of the s ,!'.,isr
the residue TO the cofissi'u a.sas'f
fund to be applied
spt as hereinafter providea;a gg;ssl
n Ia