The Rice belt journal. (Welsh, Calcasieu Parish, La.) 1900-19??, 1912-09-13
4. srnsad One Hundred

=. IN exceed One Hundred
s,its NO. sd accrued interest. II
BE. cot I'll bs purchased as afore'
csaasUt,ng fund shall be invest
.tbs spI,nNard of Liquidation of the
be o w sound. interest bearing
psN ,nducing not less than four
Ds .srn per annum interest ,. on 'He
tipn Invested. or deposited In
s 80 n furnishing adequate Sc
s ga state, to be- approved by
70 lhe rJ at rate of interest
u BoniTf four per centum per an
10 ilaH taY shall De levied until
~ bonds shall have been re
sala ,ttsr the assessments Of the
tgt a' the sum OF Six Hundred
fty mo" ~ one mill and shall there
t'fso a,,csd two tenths OF one mill
y Ef ors Hundred Million Dollars
bth Vn sossessments until the said
aa y he reduced to six-tenths of
vi Tho ~ said tax shall constitute
he ~ six mills 0s taxation per
q ~ ta' levied by the constitution.
70 V .bs present system Of taxa
s,as t as changed before the said
lsli !, y have been paid. there shall
So. a,rnnally a tax sufficient to
dita on nroSs sum Of not less than
s..6 and Fifty thousand Dol
PGh az the place u said tax of
J, a tp%eo.tenths mills ana its re-
a ,..,a Of Liquidation Of the
b' ebaIl have power to settle
psu' ambitions and limitations
.a tsS provided, the following
I. n Indebtedness made by EafI'
.,s u against the Stat. to-wit:
s' ~. outstanding bonds known az
, iaG excluding all Baby Bonds
Ls"tiy issued by any official of
iI oS,pditor's warrants issued for
,srtificates Of Indebtedness UNI
h, t2s Of 1880.
y r.,,,tificates issued under Act %
!, Sor costs and fees due to the
Il. Of the State. .ooo
l.,SobIs but not funded into Baby
warrants drawn after January
,soinst 1873 and previous years.
,; ~ however, that the owners
saIv authorized trustees of the
1. n said claims may prior to
ist 1915, but not thereafter.
sgajnst the Board Of Liquida-
N ~. he State Debt by rule. Soieiy
ss,nsiyely in the district court Of
b.,isb of East Baton Rouge, to
~ said claims examined and
,,lHity and the Indebtedness due
!, determined, which court is
n GVen jurisdiction for that pur-
4, mrisdiction shall extend not
q the determination Of the mere
abIlItv Of the State on any Of
,sIms but also to the determine
f. h sny equitable liability Of the
thereon and the extent of such
IN liability. Appeal shall lie in
s.ps irrespective of the amounts
I'M On the original record. to the
NE Court of the State of Loutsi-
me definitive DEGREES Of said
Il shsll not have the effect of judy
4 against the State or the Board
fnldstion of the State Debt The
d Liquidation of the State Debt
lhWe the exclusive power to set
n. claims. thus approved by the
II Of the State. out of the sinking
above provided for as funds are
ANs, but they shall not be paid
wise or out of any other fund.
hing In this amendment shall be
gfyed as a recognition by the State
II liability, whether legal or equi-
\ 10 the owners or the holders of
4 The said above designated bonds,
hits or claims, and the burden of
shall rest throughout on each of
claimants to show such liability.
4 Of the first surplus accruing In
hiking fund, there shall be paid in
De amount Of principal and inter-
M on the bonds of the State, the
.alues Of which aggregate Thirty
thousand Dollars. and which
"a by the United States as trus-
b certain Indian funds.
Bis article, as amended, shall be
h 10 be self-acting and directly
stitr the power and authority
/ granted without an enabling act
/ General Assembly"
Dion 2. Be it further resolved,
d General Assembly of the State
aaisiana, two-thirds Of all the
bgs elected to each house con-
hg That the official ballot to be
J. It said election shall have printed
b. the words:
b he proposed amendment to Ar
u Of the Constitution Of the State
Ruiana, relative to the refunding
Rsttlsmsnt Of the indebtedness OF
bate
\ he words.
Rslnst the proposed amendment to
II u Of the Constitution Of the
Of louisiana, relative to the re-
'ag and settlement Of the indebt-
y Of the State"
4 Zach elector shall indicate on
|allot as provided In the General
% Law Of the State, whether he
iaf or against the proposed amend
L. e. THOMAS.
n Of the House Of Representatives.
THOMAS c. BARRETT.
saaat Governor and President of
b Senate.
Pred July 18th, 1912.
L. e. HALL,
y copy:
FN E. HEBERT,
Secretary of State.