The Caldwell watchman. (Columbia, La.) 1885-1946, 1912-10-18
ACT MO. eoa.
ACT NO. 203.
House Bill No. 1913. BY Mr. Fontenot-
A JOINT RESOLUTION

H.
A JOINT RESOLUTION
Proposing an amendment to the Con-
stitution Of the State of Louisiana,
amending Article 46 of the Constitu-
ton OF 1893. as amended by Act NO,
3o3 of the Acts of 1910. ratified by
the people at the November election
OF 1910. SO as to authorize the Board
OF Liquidation of the State ut to
issue new bonds to retire or refund
the State Bonded Indebtedness duo
January LIST. 1914; to provide for a
tax for the payment of the interest
on said bonds and sinking fund to
retire the same; to provide for the
payment out of the said sinking funu
OF an Indebtedness due by the State to
the United States, and of certain other
claims against the State.
Section l. Be it resolved bv Tho Con.
eral Assembly Of the State of Louisiana.
two-thlrds OF all the members elected to
each house concurring. That an amend
ment to Article 46 Of the Constitution
OF the State Of Louisiana of 1898. az
amended by, Act No. 3O3 of the Acts Of
louisiana at its session held in the wear
1910 ratified by the people at the No.
vember election of 1910, be submittad
10 the qualified electors of the State To-,
their approval or rejection at the con-
gressional election to be held on the
, mnSa. tuesday next following the first
posed amendment to read as follows
Article 46. The General Assembly
snail have no power to contract or to
authorize the contracting of anv deht
or liability. on behalf of the State. or
20 issue bonds or other evidences Of
purpose Of repelling invasion or for the
suppression Of Instruction. Provided
that for the purpose of retiring 1;"+
uidating or refunding the present Sta1e
Eonded Indebtedness of Eleven Nil.
, non. one Hundred and Eight Thousand
, rnree hundred Dollars. maturing Jan.
centum ,S, nor is oa,, and bearing four per
OF LIQUIDATION Of the State Debt Of
LOUISIANA is given authority to issue
I Eieven Thousand. One Hundred and
E!gnt new coupon bonds of the STAT
VI OIL, LOUISIANA OF One Thousand Dollars
eac 10 10 be numbered No. + to No
exce.d,, oeat ing rate Of interest not
rum payable semi annually and to ho
uue and paid In fifty years from r.n
uary LIST, 1914. The form Of said honas-
snail be prescribed by the Board J'''n ~
L III OF the State Debt and thev
Amd;,o ne signed by the Governor. the.
S s bonds shall be sold to the hiehast
p,ouer ut not less than par after thrse.
months of advertisement nv tho p Snres
~ LIQUIDATION Of the State Debt ~,
New Orleans. Chicago and Now yori II.
ana In case said bonds cannot ho oas.;
Ihey may be exchanged at mar ~" s .ho
Soard OF Liquidation of the St,tss ne ans
1 l1 the bonds due January 1st i nene
af ne =, excess OF Three Hundred Dollars
W the bonds due January Lot in,.
Eyer I'VE" the bonds authorized by tI,s 80 ar
e e'vae, snail be paid in cash out Of ths
M ent interest funds of the St,ra
s .nd Iost or engraving and adyert;sin.
tha .. uJ''us snail also be paid ont ~
.,o IN All other respects not herein snoc
s sta. tne Board Of Liquidation of ~
"a aoa.e neot is hereby given fun nou,o r
ana authority to carry out the p pn"I'
e'o ms o! this amendment. P'''i-
A. beslhnlng with January let ,o,.
; ;ms'e snail be and there is hereby ,n o,,'
leu on all property on which ps,aro1
a.ate taxes are levied an annn s"e'ttI
u ~. one ana two-tenths mills tho at
proceeds OF which shall he daynt e net
.le payment of the interest d,,a ~
sald bonds. to the payment ne t ny On
eerest due on the Indebtedness ~. ne IN, IN
STATE state to the Free School Find ~ W tne
nary frnd and the Agrictmltu,r..J1 Gem sem,
Mechanfcal College Fund. 70 tha anu
r ment of the proper EXPENSES ~" 70 pay
Doard OF Liquidation of the Sta,. VI the
ana the residue to the constit"ti,! Dent:
sinking fund to be annlied u.rum oE
except as hereinafter providsd "t ~
A1''''ase OF said bonds by said Board