Section 1. Be it resolved by the Gen
eral Assembly of the State of Louisiana. I
two-thirds of all the members elected to
each house concurring, That an amend
ment to Article 46 of the Constitution
of the State of Louisiana of 1898, as
amended by Act No. 303 of the Acts of
the General Assembly of the State of
Louisiana at its 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 for
their approval or rejectiot at the con
gressional election to be held on the
first Tuesday next following the first
Monday in November of 1912, said pro
posed amendment to read as follows:
"Article 46. The General Assembly
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
indebtedness thereof, except for the
purpose of repelling invasion or for the
suppression of insurrection. Provided,
that for the purpose of retiring, liq
uidating or refunding the present State
Bonded Indebtedness of Eleven Mil
lion, One Hundred and Eight Thousand.
Three Hundred Dollars, maturing Jan
uary 1st. 1914, and bearing four per
centum per annum interest, the Board
of Liquidation of the State Debt of
Louisiana is given authority to issue
Eleven Thousand, One Hundred and
Eight pew coupon bonds of the State
of Louisiana of One Thousand Dollars
each, to be numbered 'No. 1' to 'No.
