The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1912-11-02
ACT NO. 2o3.
House Bill No. 433. BY Mr.. F'pntenot
A JOINT RESOLUTION


A JOINT RESOLUTION
Proposing an amendment to the Con-
stitution of the State Of Louisiana,
amending Article 46 OF the Constitu-
tion Of 1898, as amended by Act No.
300 Of the Acts of 1910, ratified by
the people at the November election
Of 1910, SO as to authorize the Board
of Liquidation -sof the State L Ut to
Issue new bonds to retire or refund
the State Bonded Indebtedness due
January LIST, 1914 to provide for 2
tax for the payment Of the Interest
on said bonds and sinking fund to
retire the same; to provide for the
payment out Of the said sinking funu
Of an Indebtedness due by the State to
the United States, and Of certain other
claims against the State.
Section /. Be 1t resolved by the Gem
eral Assembly Of the State OF Louihana.
each house concurring, That an amend
1nent to Article 46 OF the Constitution
OF the State Of Louisiana Of 1898, az
amended by Act No. 3o3 Of the Acts Of
Louisiana at its session held In the year
1910, ratified by the people at the No
yember election Of 1910, be submitted
to the qualified electors Of tho State for
gressional election to be held on the
first, Tuesday next following the first
Monday In November of l9I2. said pro
posed amendment to read as follows:
shall have no power TO contract or to
authorize the contracting OF any debt
or liability, on behalf Of the state, or
to issue bonds or other evidences OF
purpose OF repelling invasion or for the
suppression of instruction. Provided.
that for the purpose or retiring, fq-
uidat!ng or refunding the present State
lion, One Hundred and Eight Thousand.
Three Hundred Dollars, maturing jan
uary 1st. 1914, and bearing four per
centum pei, annum interest the Board
Louisiana is given authority to Issue
Eleven Thousand. One Hundred and
Eight new coupon bonds Of the State
of Louisiana or One Thousand Dollars
I1,1Os' bearing rate Of interest not
| exceeding four per centum per an
| mum, payable selnt-annually and TO ba
due and paid nifty ,d years from Jan Jan.
shall be prescribed by tina Board Of
| Liquidation of the State Debt and they
shall be signed by the Governor. the
Auditor and the Treasurer as1 ct the State,
! bidder at not less than par after three
/ months OF advertisement by the Board
= Of Liquidation of the State Debt in
i New Orleans. Chicago and New York
l they may be exchanged at par by the
Board Of Liquidation Of the State Dept
i for the bonds due January LIST, 1914
/ The excess of Three Hundred Dollars
/ Of the bonds due January LIST, 1914
/ ever the bonds authorized by this ar
| ticIe, shall be paid In cash out OF thu
| current interest funds OF the state
i The cost of engraving and adverttsins
said bonds shall also be paid out 81
I the said fund
4 TN all other respects NOT herein spec
fled, the Board Of Liquidation Of tn.
State Debt is hereby given full power
! and authority to carry out the provi
! sions of this amendment
] beginning with January 1st,E 1914
/ there shall-be and there is hereby lev
led on all property on which genera
/ state taxes are levied an annual tas
i of one and two-tenths mills, the ne
i proceeds of which shall be devoted t,
i the payment Of the interest due OF
1 said bonds. to the payment Of the in
1 terest due on the Indebtedness Of tn
State to the Free School Fund, to Sem
i mary Fund and the Agricultural an.
4 Mechanical College Fund, to the pay
4 ment Of the proper expenses OF tn
i Board of Liquidation Of the State Debt
i and the residue to the constitution o
i sinking fund to be applied annual:
i except as hereinafter provided, to tn
i purchase of said bonds by said Bio