The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1912-08-31
ACT NO. 2o2.

House Bill No. 433. BY Mr.. Fontenet
A JOINT RESOLUTION
Proposing an amendment to the Com
stitution of the State OF Louislaras
amending Article 46 of the Gonstitl-
ton of 1898, as amended by Act NO
300 of the Acts Of 1910, ratified sby
the people at the November election
OF 1910. SO as to authorize the Beard
of Liquidation Of the State 4 1T. AZ
issue new bonds to retire or refund
the State Bonded Indebtedness cue
January LIST, 1914; to provide for q
tax for the payment OF the interest,"
on said bonds and a sinking fufd. "
retire the same; to provide for fhe
payment out of the said sinking fanus
of an Indebtedness due by the State g
the United States, and of certain other
claims against the State.
Section i Be 1t resolved BY the ssenrgE
eral Assembly of the State of LOUISIANA
two-thirds of all the membe rs elected w
each house concurring, That an amend
ment to Article 46 Of the Constitafio W
of the State of Louisiana Of ssst "
amended by Act No. 303 Of the Acts " "
the General Assembly of the state q
Louisiana at it's session held In the yeat#
1910, ratified by the people at the mo-
venber election of 1916 be supmiLt es
to the qualified electors Of the stare I9t
gressiona1 election to be held On s utns
first Tuesday, next following the first
Monday IN November of 1912, said pro-
posed amendment to read as follows
Article 4s. The General Assemplls y
shall have no power to % con NJ Gu y dest
or liability, on behalf of the state " V
to issue bonds or other evidences u. .oa
Indebtedness thereof, except for III NJ
purpose OF repellfng invasion or To-. "a
suppression of insurrectton- ProVlssu
that for the purpose of retiring, la,
uidating or refunding the present s assis
Bonded Indebtedness OF Eleven MI
lion, One Hundred and Eight Thousanas
Three Hundred Dollars, maturing Ja ".
uary 1st, 1914, and bearing four - Pc e
of Liquidation of the State Dep ,a ~
Louisiana is given authority 70 is ans
Eleven Thousand. One Hundred e,s alss
Eight new coupon bonds of the So So
each, to be numbered No. Y ~, ~
11,10s,' bearing a rate OF interest," ~ ! =
exceeding four per centum per 80 ~
mum, payable semi-annually and to .aps
due and paid In fifty years from q s saMss
uary 1st, 1914. The form Of said nohc w
shall be prescribed by the Board .,s "
Liquidation OF the State Debt and s1 VIZ
shall be signed by the Governor ,.l "
Auditor and the Treasurer Of the 800, sasssl
Said bonds shall be sold to the his shsss
bidder at not less than par AFTER ,s sassdss
months OF advertisement by the soats II,
of Liquidation of the State Dep, ~ t,ss
New Orleans, Chicago and New xo oasS
and in case said bonds cannot pc e ~
they may be exchanged at par .Dy i, s hss
Board of Liquidation of the state III
for the bonds due January lsL. ,. aslrs
The excess of Three Hundred po I'll
of the bonds due January Ist, III 80 ~
over the bonds authorized by fn " ~ a.
t1cle, shall be paid in cash out g s..sta
current interest funds OF the s sassnys
The cost of engraving and adYeF ~ n
said bonds shall also be paid oat s-
the said fund. q. .v.c.a
Tn all other respects not herelne She M
fled. the Board of Liquidation, e. ~, ssr
State Debt is hereby given iual pg govi.
and authority to carry out the -
sions of this amendment. safa
Beginning with January ISL i fsfs
there shall be and there Is HEREBY 1yS,,araI
led on all property on which s W tar
state taxes are levied an as1nn la ri
Of one and two-tenths mills. wv IIs TO fo
proceeds of which shall be dey se1sso III
the payment of the interest an " HI
said bonds, to the payment ol " tls
terest due on the indebtedness VI am
State to the Free School Fund, " End snd
mary Fund and the Agrictu II T. ~ nav<#
Mechanical College Fund, TO lne ssAS
ment Of the proper expenses as,sbt,
Board OF Liquidation Of the stats ps III
and the residue to the consti t lluo.ss,slis
sinking fund TO be applied a1 ~ stfe
except as hereinafter provided, Y syssosrSs
purchase Of said bonds by $50