The Rice belt journal. (Welsh, Calcasieu Parish, La.) 1900-19??, 1912-11-01
ACT NO. asa
House Bill No. 1873. By Mh1
A JOINT RES0LUTI0y

House Bill No. 1873. BY MN
A JOINT REsOLuTI0s
Proposing an amendment b u
stitution Of the State Of -
amending Article ts Of TIE a
tion of 1898. as amended " q
3O3 of the Acts Of 1911 NJ
the people at the Noysnes
Of 1910, SO as to authOri,s D
OF Liquidation Of the sias
issue new bonds to retire q
the State Bonded lndsbssnA
January 1st, 1914; to prurA
tax for the payment Of u
on said bonds and q sinlH
retire the same; to prcYia
payment out Of the said sin
of an Indebtedness due By ms
the United States, and Of ssxl
claims against the State
Section /. Be II resolved q
eral Assembly Of the State o. =
two-thirds of all the member :
each house concurring, Thai .
ment TO Article rs Of the
of the State of Louisians q
amended by Act No, 800 o. "
the General Assembly Of M
Louisiana at its session he'd "
1910. ratified by the ptops
vember election of 1910 ns
to the qualified electors Of M 4 1.
their approval or rejection y
gressional election to Be nn
first Tuesday next follovns
Monday in November of,Hi1, ~
posed amendment TO READ v ~
Article 4S. The Genera :
shall have no power 70 e0aa =
authorize the contracting q
or liability, on behalf OF - -
to issue bonds or other esss !.
Indebtedness thereof, sxcsR Y
purpose of repelling inyasi0a
suppression Of insurree.iOa l.,,ss
that for the purpose Of rsu|
uidatIng or refunding the p
Bonded Indebtedness 9! - y
lion, One Hundred and nv, -
Three Hundred Dollars .s n
uary LIST. 1914. and bssrs i
centum per annum inssfs ~. =
of Liquidation Of the s'a,s !
Louisiana is given autn9s,sl .s,,i
Eleven Thousand. One H.
Eight new coupon bonds :. II
of Louisiana Of One Th %.
each, to be numbered no ~. !
11.108.' bearing a rate y ~, ~ z
exceeding four per es .,ys &!
mum, payable semi-alnusn.,, a.
due and paid In fit! yss Z sll
uary lst, 1914. The form, ~ y q "a
shall be prescribed BY ~ IN 3
Liquidation of the state t nsss,:
shall be signed by tns 81
Auditor and the Trcasa,s. s N 1
Said bonds shall be solo y X ~
bidder at not less than nj
months of advertisement ~, y q
of Liquidation OF the - ri
New Orleans, Chicago ~ ..,,s ]
and in case said bonds g go q, /
thew may be exchanged q y. Il
Board of Liquidation Of =, 81
for the bonds due Jsn ,a..i,i
The tn ' excess of Thrss Hsna'f
of the bonds due Jan. s.a N !
over the bonds author'....h ut
ticle. shall be paid IN eas y B.
current interest funds y n
The cost of engraving en- II
said bonds shall also "
the said fund. al In
I'm all other respects l nS.s
tied. the Board OF LiaI, s.s 10
State Debt is hereby si, nj b.
and authority 10 Cah.
sions of this amendrlen., .,, u
beginning with Janus, ~
there shall be and Tiers ssis
led on ali property On - 10.
state taxes are levied ,u,ajs
of one and two-tenths,, K. ~
proceeds of which snail .. =
the payment Of the mst Il
said bonds, to the pays,.dp.s
terest due on the nae, slr1
State to the Free Schec ...,e,ul!sl
mary Fund and the IA 10 2
Mechanical College uaI,sur,,rsts
ment OF the proper = sA Re So
Board OF Liquidation o. . s.tls
and the residue to the mid :
a sinking fund to % ' sgsisi
except as hereinafter p'gh ~ ~
purchase of said bonos