The Caldwell watchman. (Columbia, La.) 1885-1946, 1912-10-04

a. price not to exceed Or. ,.1rna,.
ana Three and accrued interest ,'o'1
e ooia's cannot be purchased rs apo,s
90 l.. 'ne sinking fund shall b. invest
Siotos tne board OF Liquidation OF tn
ss"ns,,; ns't IN sound, interest bearin
sssu.lues. producing not less than Gov,
per centum per anisum intere. sIa ~, io ~
amount SO invested. or depositen III i
solvent banks furnishing adem,ata :. -
turlty TO the State, to be an,.r",aa s. s
me said Board, at a rate Of intora o.
hos less than four per centum nov & GO .
a nun, oaid tax shall be levied ,n nj
tired h Sa'u PONDS Shall have been re
State re.sc hi' e. the assessments Of tn
and FIFTY Million Dollars, SAID tau uI sha9
pe reduced to one mill and shall +hnna
a1ter be reduced two-tenths of ono a' ely
,or each One Hundred Million mo, n,t u.
Increase In assessments until tho CO..
~ nn suali De reduced to six-tenths nj
a now 'n 10 Lue SAID tax shall constitut,
par! or the six mills OF taxation n.r
mltted to be levied by the C onstttutP; er
IN case the present system of taYa'
, .ioh snail be changed before ths ca a.
ponds shall have been paid tners sha =
pe leVled annually. tax sufficient =,
Iioance gross Nann Of not less +ba -
i PIX Hundred and FIFTY thousand Dol,
lsaS " take the place of said tax Of
auctions. ga" KS re-
The Board of Liquidation Of tho
: State Debt Shall have power to settle 'Ie
nNincf the conditions and Hmjta tinns
hereinafter. provided. the followins
Gains or Indebtedness made bv vari,
Gus persons against the State. to-wit:
~, me me Outstanding bonds known az
bahy Bonds excluding all Rahv Rn,dS
fraudulently issued by any officia, ''' of
the State" "' oi''ial Vi
60 AUDITORS warrants issued for
Schooi certificates Of Indebtedness mn.
der Act 1876 Of 1880. 7>'''''' o'''
g. Certificates issued under Act Or
- lssp Iof costs and fees due to the
officers Of the State '''0
~ Warrants drawn nr,f,r :, ,oeo
Bonds. oee mo BABY
% Warrants drawn after January
or 1880 against 1873 and previous wears
froV'1cd, however, that the owners
or the duly authorized trustees of the
9 owners or said claims may prior to
$1,000 ~; i9l5' but not thereafter.
nrorecd against the Board Of Liouida
tion OF the State Debt by rule, solely
anu ana exclusively in the district court Of
the Parish of East Baton Rouge 70
nave the said claims examined and
the.r validity and the Indebtedness due
,heIeoh determined. which court is
hereby given jurisdiction for that pur-
THIS jurisdiction shall extend NOT
only to the determination of the mere
,eSai liability of the state Oh any of
said claims. but also to the determine
s:on OF any equitable liability of the
elate thereon and the extent of such
e e,' liability. appeal shall lie in
hu Gase". irrespective Of the amounts
iuiy
supreme Court oe the State OF I.ouisi.
ana. The definitve DEGREES of said
courts shall not have the effect of iuCls !
menus against the State or the Board
nf Liquidation Of the State Debt The
board or Liquidation OF the State Debt
S,la'i nave Tho exclusive power to set |
Tie the claims, thus approved by the |
courts Of the State. our Of the sinking /
fnnd above provided for as funds arc |
available. but they shall not be paid |
otllerwise or out of any other fund. |
Nothing In this amendment shall he
construed ns recognition by the State
or any liability. whether legal or eou-
'aplc, to the owners or the holders OF
any Of the said above designated bonds.
warrants or claims. and the burden of
proof shall rest throughout on each Of
such claimants to show such liability.
:. cat or the first surplus accruing in
me sinking fund. there shall be paid in
[uil the amount Of principal and inter-
ssst due on the bonds Of the State. the
age VALVES OF which aggregate Thirty
seven Thousand Dollars and which
IRE held by the United States as trus-
zee for certain Indian funds
, lhls article. as amended. shall be
'eemed to be self-acting and directly {
o confer the power and authority I
iereln granted without an enabling act {
u the General Assembly"
20 /,
y the General Assembly Of the State \
I Louisiana. two-thiris of all the
aembefp elected to each slouse con-
urring. That the official ballot to bel
sed at said election shall have printed |
hereon the words:
icle 46 OF the Constitution Of tho State
II Louisiana. relative to the refunding
nd settlement Of the Indebtedness Of 4
he State
And the words:
Against the proposed amendment TO
lrttcle &C Of the Constitution of the Z.
tate OF Louisiana, relative to the re- =
unding and settlement of the indebt-
dness Of the State"
And each elector shall Indicate on
aid ballot. as provided in che General |
lection Law of the state. whether he
otes for or against the proposed amend
lent.
IL. II. THOMAS.
peaker Of the House of Representatives.
THOMAS c. BARRETT.
lieutenant Governor and President of
the Senate II
pproved: July 18th. 1912.
J.. p. HALL,
Governor Of the State Of Louisiana.
true copy:
ALVIN r. HEBERT.
Secretary of State.