The Rice belt journal. (Welsh, Calcasieu Parish, La.) 1900-19??, 1912-09-06
-. 70. to exceed One Hundred

price not to exceed One IN, . nuHdfs9
o. .d three and accrued ed interest," sfora
bonds rinEing fund shall be invest
ssid '1 ~ BOARD of Liquidation of the |
I'd py Hobt in sound. interest bearing |
state .!os PRODUCING not less than four |
secut t,'na per arnum interest on the
per &c. 90 invested. or deposited in
smou nt banks furnishing adequate Sc
sOi N,sv 10 the State, to be approved oy
canS ia Board at rate of interest !
the Sc Sc than four per centum per an
nOt lesTc CD tax shall be levied until
NUM- I'D bonds shall have been re-
ell o. ~ aftpr the assessments of the
tifeo' aoh the sum of Six Hundred
STAY ;ftv Million Dollars, said tax snail
ana aldnced 10 one mill and shall there
De i. he reduced two-tenthS or one mill
aflei ob one Hundred Million Dollars
for eae'i IN assessments until the said
incie"@folI he reduced to SiX-tenths OF
tax slin'- The said tax shall constitute
one M ~ the six mills Of taxation per
par n he levied by the Constitutions
mltter oose the present system of taxa
III sboII be changed before the said
ton, s shall have been paid. there shall
bohgus annually a tax sufficient to
be iesle" cross sum Of not less than
IUTrndred and Fifty Thousand Dot.
sn H ~ take the place of said tax Of
lars e ~ tWo-tenths mills and it's re-
du STSe Board of Liquidation of the
~ Debt shall have power to settle
ets aar the conditions and limitations
SSaarrs,pafter provided, the following
MI ,ni.ns of Indebtedness made by vari-
e sn. nersons against the State, to-wit;
ouS The outstanding bonds known as
,.hy Bonds excluding all Baby Bonds
Bao!z ,ientIy issued by any official Of
tne ,9 "Auditor's warrants issued for
,,SnoI certificates Of indebtedness I'M
AR Act 1873 of 1880; r.,
O" oS certificates issued under Act 80
.,TSSso for costs and fees due to the
ofslcers Of the State. 80,
oii MY Warrants drawn prior to 1880
md fundable but not funded into Baby
S0 iH Warrants drawn after January
$3.50 against 1873 and previous years,
VI psoyjded however, that the owners
ar the duly authorized trustees or tne
oyrsrs of said claims may prior to
ynnnarv 1st. 1915. but not thereafter
ss sm"d against the Board of Liquida-
s1nn of the State Debt by rule, solely
W.. VA exclusively in the district court Of
tSs parish of East Baton Rouge, &c
have the said claims examined and
thair validity and the Indebtedness dus
thereon determined "hlCh coui' Is
hereby given jurisdiction for that pur
This jurisdiction shall extend no.
univ n the determination of the mere
IageI liability of the State on any o.
IA claims. but also to the determine
finn of any equitable liability Of tn,
State thereon and the extent of suci
suitable liability. Appeal shall lie il
III cases. irrespective of the amounts
n
annreme Court of the State of Louisi
ans The definitive DEGREES of sail
courts shall not have the effect of judg
mpnts against the State or the Boar
n Iiouidation of the State Debt. TIL
BOARD of Liquidation of the State Deb
shall have the exclusive power to set
Ne the claims thus approved by tn
courts Of the state. out OF the slnkin
f,nd above provided for as funds ar
available, but they shall not be pal
otherwise or out of any other fund.
Nothing In this amendment shall b
cnnstrIled as a recognition by the Stat
Of any liability, whether legal or equ
table to the owners or the holders Q
any of the said above designated bond
warrants or claims and the burden G
proof shall rest throughout on each c
,Snch claimants to show such liability.
Out of the first surplus accruing
the sinking fund, there shall be paid
full the amount of principal and inteI
est due on the bonds of the State, tt
face values of which aggregate Thirty
seven Thousand Dollars, and whic
ere held by the United states as tru
tee for certain Indian funds.
"This article. as amended, shall
deemed to be self-acting and direct
to confer the power and authorit
herein granted without an enabling a.
Of the General Assembly"
Section 2. Be it further resolve
by the General Assembly of the Sta
Of Louisiana, two-thirds of all Il
members elected to each house co
used at said election shall have print
thereon the words:
For the proposed amendment to A
ticle As Of the Constitution of the sta
Of Louisiana. relative to the refundil
and settlement of the Indebtedness
the State
And the words:
against the proposed amendment
Article 46 of the Constitution of I
State of Louisiana, relative to the I
funding and settlement of the indet
edness of the State"
And each elector shall indicate
said ballot as provided in the Gener
Election Law Of the State. whether
votes for or against the proposed amen
' L. f, THOMAS
Speaker Of the House Of Representativ
THOMAS C. BARRETT
Lieutenant Governor and President
the Senate.
Approved; July 18th, 1912.
Governor of the State Of Irouisial
A true copy:
ALVIN f. HEBERT,