Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1912-09-27

At price not TO exceed On. -
No Ihree and accrued int.e...ciat
bonds cannot be purchase ,eslesl h
said. the sinking fund rhss1 as af,t-
ed by the Board OF Liouids,s nyt1
osate Deot IN sound. fnter,-e q ~
securities. producing not isss hearf,
per centum per annum infs-.s.aatn 1o1,
emouht 20 invested. or denocs.o9t t.
solvent banks Furnishing soite1 h
curity 20 the State, to h sr4uais -
the said Board, at a rate ~ e,ted b
not less than four per cent,,, ntefe.
mum. said tax shall be - PEI a..
all of said bonds shall havs uln
s,reu, put arter the Assessment 2. y.
ga E,ts.s It,,! Ine sum OF Six ~. ue
be reduced to one mill ana -sI,1,x a1ll
efter be reduced two-tenths - u4k.
Tor eacn one Hundred Miller ~ nf
increase In assessments unfil p4lln
sAx snnu De reduced TO six-ter., Al4
one nihL ne said tax shall cons.'s. q
a part or the. six mills OF faxsss.sariul.
mitted to be levied by the ccns.9saq pr.
In case the present system ~ TIA
zion shall be changed befors y. u<s.
bonds shall have been paid thss gid
be levied annually tax snf sslse lot1
produce a gross sum OF not ~. D
SIX Hundred and Fifty Thonse-s uta
lars to take the place Of Sc Dol.
auctions. ano iU h
The Board of Liauidatio,
State Debt shall have power =, -
under the conditions ana lisi,is.s.'ts
hereinafter provided, the Sa,-te>
claims Of Indebtedness rnaaa ioiofff
Gus persons against the State E ~
% The outstanding bonds wi
Baby Bonds excluding ali Pah- w y. 3.
frandsulentiy issued by any offlc,s9,' ',.
CD Auditors warrants issu.a
school, certificates of indebtedrss. ~
der Act 126 of 1880. ~
CD Certificates issued undar
OF 1880 for costs and fees drs ~ u
officers of the State. q
90 Warrants drawn prior =. 80.
and fundable but not funded int6 p W.
Cd Warrants drawn after To-.
OF 1880 against 1878 and previo,, ssn...l
Provided. however, that fire ,.-et
or the duly authorized trustees ~ ~
owners of said claims NAV nr,e. -
January LIST 1915. but not therra6',
proSeed against the Board Of 5,lo..,s
ton of the State Debt by n,ls ''. s.,
and exclusively in the district co,,-.
the Parish of East Baton RoSr-'t
have the said claims exaninsf4
their validity and The indebtedre., IA.
thereon determined. which conrl
hereby given Jurisdiction for that M.
This Jurisdiction shall extena
only to the determination of the ~.
legal liability of the State on go
said claims. but also to the deter-i,.-.
ton of any equitable liability N 4,
State thereon and the extent o. ma
equitable liability. Appeal shall a. !.
all cases. irrespective Of the arr ~
involved, on the original record. N N,
Supreme Court Of the State Or r>.,..
ana The definitive DEGREES Of a.
courts shall not have the effect Of ,e,s
ments against the State or the ro~>
or LIQUIDATION. of the State Debt n,
Board OF Liquidation OF the Star. 49,
shall have the exclusive power IA ~,
tie the claims. thus approved bg N.
courts OF the State, out OF the slet,~.
fund above provided for as funds Il,
available. but they shall not he n1A
otherwise or out OF any other fund
Nothing IN this amendment ehaii 4.
construed as a recognition by me Sl,i.
OF any liability, whether legal or ami
table. to the owners or the holder. ~
any of the said above designated bona,
warrants or claims. and the burden n
proof shall rest throughout on eaek \.
such claimants to show such liahnlit
Out If the first surplus accruInr b
the sinking fund, there shall be Pad d
full the amount of principal ard Inter
est due on the bonds Of the Sfafa IA. +.
face values of which aggregate Th|fir.
seven THOUSAND Dollars and wh.t
are held by the United States Is ma.
tee for certain Indian funds
This article. as amended, shall !,
deemed to be self-acting and direair
to confer the power and anfhorii.
herein granted without an enabling act
of the General Assembly"
Section 2. Be IL further reso|rN
by the General Assembly OF the slnh
OF Louisiana, two-thirds OF an n.
members elected to each house cor.
curing, That the official ballot % b.
used at said election shall have printed
thereon the words:
For the proposed amendment % Ar.
ticle 46 of the Constitution Of the STAT
of Louisiana. relative to the refundIfl
and settlement OF the indebtedness q
the State"
And the words:
Against the proposed Amendment 10
Article IS of the Constitution Of tie
State OF Louisiana, relative to the -
funding and settlement Of the indsti.
edness Of the State"
And each elector shall indicate 3.
said ballot, as provided in the 0tHtff'
Election Law Of the State. whether N
votes for or against the proposed amend.
ment.
Speaker Of the House of Representative
THOMAS c. BARREI
Lieutenant Governor and president q
the Senate.
Approved: July 18th. 1912.
Governor OF the State Of Lcuirlana
A true copy:
ALVIN r. HILBERT,
Secretary of State.