The Rice belt journal. (Welsh, Calcasieu Parish, La.) 1900-19??, 1912-08-30

MT 10 exceed One Hundred
prlcs and accrued interest. II
n Thres be purchased as afore-
Dls Singing fund shall be invest
La me BOARD of Liquidation Of the
by tne in sound, interest bearing
he DeOI producing not less than four
critics ner annum interest on the
csn1uin Invested, or deposited in
cunt ~ orks furnishing adequate Sc
Fsht oa .ha state, to be approved by
|dity 70 pnard at rate Of interest
sid ,bon four per centum per an
lsss t "a tax shall be levied until
b saiI bonds shall have been re-
Of saiu tier the assessments Of the
Ia buI !. q the sum Of Six Hundred
.i:,sny Million Dollars, said tax shall
tn lad TO one mill and shall there
T'aue, reduced two-tenths of one mill
ta % One Hundred Million Dollars
ecu IN assessments until the said
sesse ~ no reduced to six-tenths of
81 slSi The said tax shall constitute
nll,, ,he six mills of taxation per-
Epsn " he levied by the Constitution.
|HHtea '. :, The present system of taxa
I'D c ss1l he changed before the said
ID shsn au have been paid. there shall
sts ~ sIn annually a tax sufficient to
+ leVeu gross sum of not less than
pdlee ,Sred and Fifty Thousand Dol
|I hun tate the place of said tax of
|8r two tenths mills and it's re-
cILlOnsp oard of Liquidation Of the
ING aht shall have power to settle
BE p .ho conditions and limitations
s1rofter provided the, following
g Of indebtedness made by Varl-
l1 as,sons against the State, to-wit:
p'i The outstanding bonds known as
TN p ln excluding all Baby Bonds
|'a s,,Isntly issued by any official Of
slSs Ssluditor's warrants issued for
certificates of Indebtedness UNI
~ sst 1875 of 1880;
.A AZ certificates issued under Act SO
Va for costs and fees due to the
Eeprs Of the State. ,ooo
y ,Ddable but not funded into Baby
~ ~ warrants drawn after January
Zen against 1878 and previous years.
nlsa. Ss however that the owners
~ Sn'y authorized trustees of the
ssrs of said claims may prior to
mary mar list. 1915, but not thereafter.
Id against the Board of Liquida-
!. n the State Debt by rule, solely
! syclusively in the district court of
partsh of East Baton Rouge, to
!, 1 the said claims examined and
Y. VALIDITY and the Indebtedness due
.,,ou determined, which court is
I'M given jurisdiction for that pur-
81, Jurisdiction shall extend not
y a the determination of the mere
n liability of the State on any of
"a rIaims. but also to the determina-
K n any equitable liability of the
4. thereon and the extent of such
.ssble liability Appeal shall lie in
sasss irrespective of the amounts
yaved on the original record, to the
s,smA Court of the State of Louisi-
The definitive DEGREES OF said
ms shall not have the effect Of judy
MS against the State or the Board
Iiquidation of the State Debt. The
WA Of Liquidation of the State Debt
N have the exclusive power to set
he claims, thus approved by the
Srts Of the State, out of the sinking
IA above provided for as funds are
sIlable, but they shall not be paid
tgTise or out of any other fund.
Nothing In this amendment shall be
rstrusd as q recognition by the State
sny liability, whether legal or equi-
ID to the owners or the holders of
n Of the said above designated bonds.
rants or claims and the burden of
soei shall rest throughout on each of
a claimants to show such liability.
DIT Of the first surplus accruing In
sinking fund.- there shall be paid in
b the amount of principal and inter-
due on the bonds of the State. the
4 values of which aggregate Thirty
zen Thousand Dollars. and which
held by the United States as trus-
Tor certain Indian funds.
This article, as amended, shall be
sned to be self-acting and directly
confer the power and authority
rslu granted without an enabling act
the General Assembly"
Ssction g. Be it further resolved
the General Assembly of the State
louisiana, two-thirds of all the
.nhsrs elected to each house con-
ring, That the official ballot to be
ID at said election shall have printed
gecn the words:
For the proposed amendment to Ar
L Is Of the Constitution of the State
louisiana, relative to the Tefunding
settlement of the indebtedness OF
State"
Ind the words:
against the proposed amendment tc
ilee Is of the Constitution of the
e Of Louisiana, relative to the re-
ldlng and settlement of the indebt,
ltss Of the State"
am each elector shall indicate or
BALLOT, as provided in the General
Etloa Law of the State. whether he
y ior Oroagainst the proposed amend,
L. z. THOMAS,
aEer Of the House Of Representatives
THOMAS C. BARRETT.
lleaant Governor and President OF
Tie Senate.
gtoVed: July 18th, 1912.
l. T.. HALL.
Governor Of the State of Louisiana
hue copy:
LYNN E HEBERT.
Secretary nf State