The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1912-09-07
ACT no. 203.
House Bill No. 433. BY Mr.. Fontenet
a JOINT RESOLUTION


A JOINT RESOLUTION
stitution OF the State Of Louisiana
amending Article As OF the Constitu-
ton of 1898, as amended by Act No. +
303 of the Acts Of 1910, ratified by
the people at the November election
Of 1910, SO as to authorize the Board
issue new bonds to retire or refund
the State Bonded Indebtedness due
January 1st, 1874; to provide for .
tax for the payment OF the Interest
on said bonds and a sinking fund afo 4
retire the same; to provide for the
payment out of the said sinking fala
of an Indebtedness due by the State %
the United States, and OF certain other Il
claims against the State.
Section l.. Be It resolved By the Gen
two-thirds Of all the members elected T.
each house concurring. That an anenas E
ment to Article 4e of the Constitution
of the State Of Louisiana OF 1871 ~
amended by Act No 303 Of the Acts q
the General Assembly Of the State q
Louisiana at it's session held In the year
1910, ratified by the people at the No.
vember election OF 1910, be submitted
to the qualified electors OF the State fof
their approval or rejection Of the con.
first Tuesday next following the siTst
Monday In November Of 1912. said pfo- \
posed amendment to read as follows.
Article 46. The General Assennas
shall have no power to contract OF " "
or liability, on behalf Of the State, og
to issue bonds or other evidences q q
Indebtedness thereof except Tor W.
purpose Of repelling invasion or for !. f ~
suppression Of tnsurrectfon. PreY la ny u
uidating or refunding the present STATE a!I
Bonded Indebtedness Of Eleven Mlsis3 II
lion, One Hundred and Eight Thousanas u
Three Hundred Dollars, maturing jan
uary LIST, 1914, and bearing four psss \
of Liquidation Of the State Debt q 4
Louisiana Is given authority % iss w
Eleven Thousand, One Hundred ~
Eight new coupon bonds OF the s M "
of Louisiana OF One Thousand po la.a
HOS bearing a rate OF interest e. n,,s,
exceeding four per centum per W. IL
mum, payable semi-annually and 80 B.. g /
due and paid in fifty years from q ,.s saMs
uary LIST, 1914. The form of sale poha Y \
Liquidation Of the state Debt and th asI
shall be signed by the Governor verne s.a WIZ
Auditor and the Treasurer Of the Ss u vs.
Said bonds shall be sold to tns 81 9 s,.sss
bidder at not less than par after r sa1sSs
Of Liquidation of the State Debt III
New Orleans, Chicago and New pa5d
and in case said bonds cannot 20 s sao
they may be exchanged at par ~ !, ~. w
Board Of Liquidation of the State Hi HI y
for the bonds due January 1sI ~. H.
The excess Of Three Hundred Do iasa
of the bonds due January 1st, Is 'sr.
over the bonds authorized by Inls III ~
ticle, shall be paid in cash cut q I.a NJ
current interest funds OF the s .ssaw
The cost Of engraving and adYeEsisss n
said bonds shall also be PAID ous 81
the said fund. . .-.c.
tIn all other respects not herein sp n
fled, the Board of Liquidation oI 80, ~
State Debt is hereby given YulI po oe,s.
and authority to carry out the pie5s
sions of this amendment. .a44
Beginning with January Ist, ~. 4
there shall be and there is HEREBY aTa1
led on all property on when gsns4a II
state taxes are levied an annual " al &
of one and two tentt1s mills ln asa s. u u
proceeds of which shall be deyotsu N If
the payment Of the interest .dns On.
said bonds, to the payment OF ny y .tA II
terest due on the Indebtedness ol s. WI
State to the Free School Fund, e s 'sna
mary Fund and the Agricultural u y.
Mechanical College Fund, to tRe g p III
ment Of the proper expenses 81 ar,sss
Board of Liquidation of the stal .sas - IL
and the residue to the constr u.I,aiig q
a sinking fund to be applied ann1qsss
except as hereinafter provided, tg x,oay8 u
purchase Of said bonds by Sale