The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1912-09-28
ACT NO. 2o3.
No. 433. BY N
'OINT REsOLU1

House Bill No. 4s3. BY Mr.. Fontenot.
A JOINT RESOLUTION
Proposing an amendment to the Com
stitution of the State Of Louisiana,
amending Article 46 Of the Constitu-
tion Of 1898, as amended by Act No.
500 Of the Acts Of 1910, ratified by
the people at the November election
of 1910. 50 as to authorize the Board
of Liquidation Of the State L III 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 a sinking fund to|
retire the same; to provide for the
OF an indebtedness due by the State to
the United States. and Of certesu ~
claims against the State ----f
Section 1. Be 1t resolve
eral Assembly OF the State of~n-
two-thirds Of all the members elected II
each house concurring. That an amend&
ment to Article 46 OF the Constitution
Of the State of Louisiana. of 1898. a&
the General Assembly OF the State 81
Louisiana at Its session held in the yea a
1910. ratified by the people at the Mol
vember election Of 1910. be submitted
their approval or rejection at the conf
gressional election to be held ON thiI
first Tuesday next following the firsE
Monday in November OF 1912, said prdf
Ie8Q
Article 4s The General ASSEMBLE
shall have no power to contract or Oh
authorize the contracting of any deb'!
or liability. on behalf OF the State. Oh
indebtedness thereof. except for TIL
purpose Of repelling invasion or for thl
suppression of Instruction Provided
that for the purpose of retiring, lidz
Bonded indebtedness OF Eleven Mil
lion, One Hundred and Eight ThousanH{
Three Hundred Dollars. maturing JaH
uary LIST. 1914. and bearing four pf@
Of Liquidation Of the State Debt
Louisiana IL given authority to iss}
Eleven Thousand. One Hundred ar
Eight new coupon bonds of the Sta
each, to be numbered No. L to a.
11.106.' bearing . rate of interest nj
exceeding four per centum per ak !
mum, payable semi-annually and to E|
usry ist. 1914. The form Of said bon
shall be prescribed by the Board
Liquidation of the State Debt ana thu
shall be signed by the Governor. tz<'
Said bonds shall be sold to the highe
bidder at not less than par after thu
months OF advertisement by the Bod
Of Liquidation OF the State Debt
New Orleans. Chicago and New Yo
they may be exchanged at par by <8|
Board Of Liquidation OF the State d
for the bonds due January 1st 1S<<3
The excess of Three Hundred Doll q
of the bonds due January LIST, Isl
over the bonds authorized by this
ticle, shall be paid in cash out Of ~,
current interest funds OF the Str
The cost of engraving and advertis2.
said bonds shall also be paid out
the said fund.
TN all other respects not herein ST.
fled. the Board Of Liquidation Of ~
| State Debt Is hereby given full po 7|
and authority to carry out the prd
sions of this amendment. M'
beginning with January LIST. I H.
| there shall be and there is hereby ~
led on all property on which gen
| state taxes are levied an annual
| Of one and two-tenths mills. the
| proceeds of which shall be devoted
| the payment OF the interest due E
| said bonds. to the payment Of the
terest due on the indebtedness Of ~
| state to the Free School Fund to re
| mary Fund and the Agricultural g
Mechanical College Fund. to the I
| ment Of the proper expenses Of -
| Board Of Liquidation Of the State II =
and the residue to the constitution Is
/ q sinking fund to be applied annl III
| except a. hereinafter provided. to
purchase Of said bonds b. Gaid 81