The Caldwell watchman. (Columbia, La.) 1885-1946, 1912-09-27
aAcr NO. aoa
House Bill No. 4s3. BY Mr.. Forsenot
A JOINT PESOr IIrrON.

House Bin No. 433 BY, Mr.. Torsenot
T. "A JOINT RESOLUTION
Proposing an amendment to the Con-
stitution OF the State Of Louisiana. /,
amending Article 46 Of tire constitu-
ton OF 1898 as amended by Act No
303 Of the Acts Of 1910, ratified nv hv
the people at the November election
OF iSlo, so as to authorize the Board
OF Liquidation Of the State 4 s.,t n,
issue new bonds to retire or refund
the State Bonded Indebtedness due
January LIST, 1914: to provide for q
tax for the payment Of the interest
on SAID bonds and linking fund to
retire the same; to provide far >ho
payment out of the said SINKING fun
OF an Indebtedness due by the State to
the United States, and of certain othe ="
claims against the State. o'"0i
section ]. Be 1t resolved bv tha Cav
eral Assembly Of the State Of I.onisia"a
two-thirds Of all the members electad a.
eacn mouse concurring, That an amend.
m aen ~ 10 Article 46 Of the Constitution
amended by Act No. 300 Of the AZ. hs
the General Assembly of the Stats VI
LOUISIANA lou at its session held in the ves AZ
l9lV, ratlfled by the people Mt tha No. 40
vember election Of 1910. be- suh,c,. No,
10 the Qualified electors Of the STAT ~ ~
Their approval Or rejection at the oo oor
1ssi .r1Ia c!eo!lon to be held on tn.
M ,ISv ,"f iS A nsxt following Che first
posed amendment to read "A foSin ,m pro-
Article 4G. The Genera, As.ss,,.
snaia nave no power to contract or ~
authorlZe the contracting OF INV VT 20
VI ilaDlilty on behalf Of the ST.. ueOt
70 issue BONDS or other evidence OF
n ,muep.edn ne thereof. except for tb Sa
surpuse VI repeli1ng invasion or Tor the e
that for tae OF n,, ,mnsurrection. Provided
1 n,dating or ,refunding the present s' lia-
Eonded Indebtedness Of E,a ssm. state
1 non, one Hundred and Eight rhn,,Mii .
inree hundred Dollars, maturity sand.
uary list. 1914. and bearing fng, jan
Of os"fi ;n,, per annum interest, the Roppe per
Iouis;ana a' &c , or the State Dcbt a ~
Eleven T,,c,sssn N nv G authority to Issue
h!sht new coupon bonds ~ t's and
OF Louisiana Of One Thousan1 'e state
eacn. 10 ne numbered No ~ .DoliarS
ar.aos; bearing e. rate of interso. NO.
n mn, -FOUR per centum nes not
lne on p1aS na. semi-annually and n an -.
uarv a 1st p 'a1. IN fifty years from " %
shall be nrescr,h me FORM Of said honds
Liquidation l., of the State Dent 6oard Of
snail be signed by tho CO. and they
auditor and the Treasurer ~ .h tho
Saa1 oohos shall be sold to tbs STATE.
o.uuer At not less than par az. highest
.n ~ OF advertisement hv 49," three
~ ~. Liquidation Of the stat. ne Board
Me" orleans. Chicago and DeDt in
s ano IN case said bonds cannce1 York;
n rnsy may pc exchanged ri n"r pc sold
t noa1G 81 Liquidation Of the 90 o.. ~ the
1 Th. INC ponds due Januarv ia aee Devt
~ az hn.a OK Three Hundred 5Msl4.
over M IVY" i,S que January - s,.are
ticie nv .ha,i 1o s authorized bv ,ats1A.,
cmrrsnt a.. We paid In cash 0ut 'ne ar
The cost Of engraving az ~ the state.
s ssid bonds Shall also be- Ss'o ,a a:dyertisine
IN all other respects no% So
s s.a, the Board Of LiouiSas,hioeare in spec-
ana ana authority to carry "m. 19ll power
"'" Hnao VI ms amendment. '"o. provi. !.
+h.r nes sa with January 81.
; is'e snali be and there r. h .sl 1914,
s .ta "n an property on wh;"hl e0y lev
81 Fay. g. taxes are levied an eli General
n w une ana two-tenths mi,iS hual tax
tho'eeus or which shall ha : the net
s sn payment cnSt Of the interestt syoted TO
terast o ,im' 10 the payment y, oue on
state n ny t,,o on the Indebtedness me In
mary Fun M r.ee School Fund oi tho
,iecha n,cai ' G ann the Agrictultnra1, Sem-
mont of ,h .oilege Fund, to tba ana
snd the r nes,ihd%,datlon Of the stato OF the
n sinking frnI 70 70 the CONSTITUTION Debt:
"Scept as hereinafter nr pp.ied annualiv
p'''e0sse Of said bonds I BY e. to the