The Caldwell watchman. (Columbia, La.) 1885-1946, 1912-10-04
ACT NO. 400,
House Bill No. 1873. BY Mr.. Fontenot
A JOINT RESOLUTION

House Bill No. 433. BY Mr.. Fontenot.
A JOINT RESOLUTION
Proposing an amendment to the Con-
stitution Of the State of Louisiana,
amending Article &c Of the Constitu-
ton Of 1898. as amended by Act No
Soo or 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 l IT to
issue ISL new new bonds to retire or refund
the State Bonded Indebtedness due
January LIST. 1914: to provide for a
tax for the payment Of the interest
on said bonds and sinking fund to
ietlre the same; to provide for the
payment out of the said sinking fun.
OF an Indebtedness due by the State TO
me United States, and Of certain other
claims against the State.
Section l. Be 1t resolved by the Gem
eral Assembly Of the State Of Louisiana
two-thlrds 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. an
amended am by, Act No. 3O3 Of the Acts of
Ine Gieneral Assembly of the State OF
1910 ratified by the people at the No.
vember election Of 1910. be submitted
10 the qualified electors of the State for
.nelr approval or rejection at the con-
gresslonai election to be held on tha
, tuesday next following the first
n ""naay IN November Of 1912. said pro.
poseu amendment to read as follows:
Article as. The General Assembly
o onaai nave no power to contract or to
aut,orZc the contracting of any deht
ui !IaDlilty. on behalf of the state or
t ~ issue bonds or other evidences Of
n r,ueotedness thereof, except for the
eun Use OF repel!ing invasion or for the
n
mat for the purpose of retir;ne 1;n-
E ptua.l,g or refunding the present State
i n;ohteu Indebtedness of Eleven Mi.
non, one Hundred and Eight Thousand
, rnree hundred Dollars. maturing Ian
c cary ist. 1914. and bearing four ner
of iin,,,ber annum interest. the Board
louisiana is given authority to neJ ;ss, ~
E EieHen Thousand. One Hundred and
~ snt new coupon bonds Of the STAT
a. LOUISIANA Of One Thousand Doliars
1 1Gm 70 De numbered No. l. to M"
exceed,r "eaIlng O rate Of interest not
mum nayoh -FOUR per centumi per an
u uae ana nd paid. in fifty years from Ian. ~
s saaX lsst' 1914. The form Of said bonds o
f fHaai DC prescribed by the RoarS 70
LhaMidation Of the State Debt and ,bs AZ
Am n'i ne signed by the Governor ths
Said bnn dno u, me Treasurer Of the state.
bidder ny 81 snail oe sold to the highest
months month az =, not less than par after thres
of Iinn,I ~ "a. advertisement by the Board
New n r'aaaaion OF the State Debt in
and IN nc on Chicago and New York:
thew va case said bonds cannot ho soiH
Roard 81 pe exchanged at par by ina
for ~ oi Liquidation Of the State De"t
The 'n ae,, ponds due January lat 1917
Of the "I ha OF Three Hundred Doliar.
over thn ooh mas due January list 1914
ticIe sta, ponds authorized BY tits ar.
currcrt s"% IL. oe paid in cash out Of the
The nn.t " ~ funds Of the state
said t" OF engraving and advcrt;s;u.
the said fn, shali also be paid out 81
fled Ia al all other other respects not herein .n.c.
STATE me Ne, Board Of Liquidation Of 'p .is
and .n ,Set is hereby given fu,l nower
..n.e III THIS amendment. o'"s'-
,born esi,nning with January ,.t ,o,.
led a., sh az. he and there is herehv ; e,,'
state ,. az property on which pensrs,
Of ono as, are levied an annual 70"
procendc ~ Nv, I'VE tenths mills the nav
the naYr y, which shall be devot1a r.
sais hnn a,ent OF the interest due IN m
terest I,,a' 70 the payment Of tho ~.
State IN ~ on the Indebtedness OF tha
inarv ~ p me Free School Frsi to ss ans
MeeRan;nn.1' ana the Agricultural ave-
ment OF IT, college Fund, to the nav.
Board ar 7 ~, proper expenses OF the
and th " Liquidation Of the state D.h, e
a s;nkina ess , TO the constitution ~
e.cemt ne h hnma 70 be applied annua,iv
purcbes Us hereinafter provided N thss
''tcnase OF sale bonds by SAID u nos sns