Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1912-08-30
ACT NO. aos.
House Bill No. 4ss. BY Mr.. Fontenot
A JOINT RESOLUTION

House Bill No. 4ss. BY Mr.. Fontenot
A JOINT RESOLUTION
Proposing an amendment to the Con-
stitution OF the State OF Louisiana
amending Article 46 of the Constitu-
ton of 1898, as amended by Act No.
sos OF the Acts of 1910. ratified by
the people at the November election
OF 1910, so as to authorize the Board
of Liquidation of the State LIT to
issue new bonds to retire or refund
January LIST. 1914; to provide for a
tax for the payment of the interest
on said bonds and sinking fund to
retire the same; to provide for the
payment out of the said sinking fun
of an Indebtedness due by the State to
the United States. and of certain other
claims against the State.
Section l. Be ii resolved by the Gem
eral Assembly of the State OF louisiana.
two-thirds Of all the members elected to
each house concurring, That an amend
ment to Article as Of the Constitution
of the State. of Louisiana of 1898. az
amended by Act No. 30S Of the Acts OF
the General Assembly of the State OF
Louisiana at its session held in the year
| 1910, ratified by the people at the Mo-
vember election Of 1910. be submitted
| TO the qualified electors of the State for
their approval or rejection at the con-
gressional election to be held on the
first Tuesday next following the first
Monday in November Of 1912: said pro-
1
J Article as. The General Assembly
| shall have no power to contract or 70
authorize the contracting of any debt
or liability, on behalf OF the State. OF
/ to issue bonds or other evidences of
| indebtedness thereof. except for the
purpose of repelling invasion or for the
! suppression Of Instruction Provided.
that nSt., for the gurJP.Sss 81, Of retiring lig
Bonded Indebtedness OF Eleven Mil
lion. One Hundred and Eight Thousand.
Three Hundred Dollars. maturing jan
uary list 1914. and bearing four pc,
Of Liquidation of the State Debt Of
| Louisiana is given authority to issue
Eleven Thousand. One Hundred and
r. Iouis s 0 ~ nne e0 Thoueand dnf Doiiar.
each, to be numbered No. L to NO
11,108.' bearing a rate Of interest moi
exceeding four per centum per an
due ahd paid in ffs2 years from jan
uary LIST. 1914. The form of said bonds
shall be prescribed by the Board OF
Liquidation OF the State Debt and they
Au a ana thee T9eas sns of tbs State
Said bonds shall be sold to the highest
bidder at not less than par after tire,
months OF advertisement by the Boart
New cSicas ns s sa'i New sO York
and in case said bonds cannot be sol.
they may be exchanged at par by thu
Board or Liquidation OF the State DeD
for the bonds due January LIST 1918
The excess of Three Hundred Dollar
OF the bonds due January LIST, 1914
over the bonds authorized by this ar
ticle shall be paid in cash out Of tn
current interest funds OF the State
The cost of engraving and advertiser
said bonds shall also be paid out o
the said fund. s
. Tn all other respects not herein spec
fled. the Board Of Liquidation OF IN
, State Debt Is hereby given full powe
, and authority to carry out the prov
sions OF this amendment
beginning with January LIST, 1s1.
there shall be and there 10 hereby lev
. led on all property on which geners
state taxes are levied an annual IA
Of one and two-tenths mills, the M
: proceeds Of which shall be devoted I
. the payment Of the interest due o
! said bonds. to the payment OF the n
E terest due on the Indebtedness Of IN
. State TO the Free School Fund, 10 SEN
mary Fund and the Agricultural an
Mechanical College Fund, to the pa,
ment OF the proper expenses Of n
\ Board OF Liquidation OF the State Deb
and the residue to the constitution (
: q sinking fund to- be applied annual
!. except as hereinafter provided. to n
. purchase OF said bonds BY said Boar