The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1912-10-26

-. WHOA not to exceed One HundrSas
go Three and accrued interest,"
bonds cannot be purchased as ,areat
said. the sinking fund shall pc in " me
ed by the Board o OF hlq interest st bearing
arecurfties, producing not less than i4 tha5
iper centum per annum lnteren a,. ID IN
amount so invested; =, or 70 a sdpenuate Sc
curity to the State, to be appro3n ,,earaat
the said Board, at rate OF aT an
NOT less than four per cenlunii ~ ge until
mum. Said tax snail p have been re-
Tired but after the assessments nadred
state reach the sum of sM "a. "a shaIi
and Fifty Million Dollars, sag - II +hare-
DC fed ~ rad ~, two-tenths Of one mil
Sor each One Hundred Mllnoh DoAsa aid
increase In assessments until tn .hs sa ~
tax shall be reduced "a 70 s,,si1 Constitute |
a nart Of the six mills Of taxa.iootn po
n,ftted TO be levied by the Cohs - Iva.
In case the present system system tha said
Sion sn ahl,, o Rave been paid there shall
- isy;ed annually a tax sufflclent4 ~, ~
produce a gross sum OF , no. Va mol |
Fix Hundred and FIFTY Ifo ,aia taT Of
aars ~ TN two-tanths mills and its re-
ou srhe Board of Liquidation g Of set the
STATE D tha conditions and limitations
nnne, snT provided the following
claims Of Indebtedness made py va, xa1A'
ous persons against the StaLe' , ~
Raby Bonds excluding all BABY Boho .s
frauduIently issued by any ofr1cial
che mo, stat aandItor.s warrants issued for
school certificates OF Indebtedness
osf fsS Certificates issued under Act !; 70
of 1880 for costs and fees due 70 she
off l@ Warrants W drawn prior to 1889
and fundab1e but not funded INTO bAoy
Bonds. e4.r January
,f 1880 against 1878 and previous y yeats
Provided, however, thai the oWh ~ =
ar the duly authorized trustees OF tn .e
owners Of said Glazing may ma herea fer
January lst lsl e. o Raa n9e Of Laulda-
Ron of the State Debt by rule, soIes ~
ond exclusively in the district court o.
the Parish Of East Baton lioad and
thsir validity and the indebtedness que e
thereon determined, which court ~
hereby given jurisdiction TOR ehat pui
pose .and nof
oniv to the determination of the mere
legal liability Of the STATE On any ~, -
said claims, but also to the deterenl1 ne :
ftnn ne any equitable liability OF tns
s ..ni liability Appeal shall lie IN
pll cases, irrespective Of the amou ltss
involved, on the original reeorg, 20 .oi ine
Ernrene Court of the State or LOUIS.
ana. The definitive DEGREES OF salu
courts shall not have the effect OF JUG
ments against the State or the Bo ,zaI.
Of Liquidation Of the State Debt. l n.
goard Of Liquidation Of the State Deb
ehall have the exclusive power 70 s ui
tie the claims, thus approved by ~.
courts OF the State, out OF me s5i.Aln =
Fund above provided for as FUNDS ar
available, but they shall not pc pale
otherwise or out of any other fund,
Nothing in this amendment snaH !, i % 3
construed as reeqglt az 1e 10y or or eaui
table to the owners or the holders OF
any OF the said above designated bonds
warrants or claims, and the burden o.
proof shall, rest throughout on eaeh O.
ssS such claimants to show such liability.
7S' OUT Of the first surplus accruing II
The sinking fund, there shall be paid u
full the amount OF prlnclpta Gnu eta+a -.
face values of which aggregate thirty
Seven Thousand Dollars, ald whici
are held by the United Stafaf as trus
tee for certain Indian funds.
erhis article, as amended, shall bt
deemed to be self@acting and direct!
TO confer the power and authorit!
q esr nc g saataa Xsas 2 9
oy aaasloa sasra n bh9'e q ths stat
III afiFJ,ers elected to eacl, f.0ssse cor
curling, That Hill fficial ballot To b
used al said election shall have prante
thereon the words:
fsFor the proposed amendment to Al
III afcle i 6 of the Constitution Of the Stat
Of Louisiana relative to the refundin
and settlement of the indebtedness Z
the State
And the words:
Against the proposed ami sldment I
Article 46 Of the Constttnt&n Of tn
State of Louisiana, relative to the re
Funding and settlement of the indeb
eaness Of the State"
And each elector shall indicate 0
said ballot, as provided in the Gener;
Election Law Of the State whether /
votes for or against the proposed amend
ment
Speaker Of the House OF Representative
THOMAS G. BARRETT,
Lieutenant Governor and President I
the Senate
Approved: July 18th. 1912.
l. e. HALL,
Governor Of the State OF s.ousian
IA true cory:
ALVIN E. HILBERT.
Secretary of State.
ACT NO. 2so.
lapa$a 9ill No 139 BY MT. Amacke