The southern sentinel. (Winnfield, La.) 1883-1910, 1906-10-19
ACT NO. 2.
BY Mr.. Dupre. House Bill No. IS.


the payment of the debt due for salaries OF
school teachers and portresses for the years
1885, 1856 and 1887; to provide for the pay,
rnent of the principal and interest OF said
bonds; and to submit to the people an
amendment of the Constitution authorizing
the issuance of said bonds, ami ratifying
the provisions of this Act.
Whereas the City of New Orleans has for
many years. been indebted to her school
teachers and portresses, merltorlous BODY
of her citizens, for personal services rem,
dered under contract with the Board OF
Directors of her public schools; and
Whereas, the people of this State, by the pro-
visions of Article 3l5, 3I6 and 3l7 of the
Constitution OF 1895, required the City of
New Orleans to examine into and assume
the payment of these debts, and provided
therein for their payment in manner
then believed to be sufficient and effica-
cious: and
Whereas under said constitutional directions,
the city did examine and assume this DEBT,
but the provision made in the Constitution
for the payment thereof was sufficient only
to liuuidate the assumed Indebtedness for
the wears 1882 1888 and 1884, leaving unpaid
the assumed Indebtedness for the years
1885 1886 and 1887: and
Whereas. the City of New Orleans did, by
Ordinance No. 29i4, New Council Series,
approved October LIST, 1873 assume the
Indebtedness reported by its Finance Com
mittee as due by the School Board of said
city to teachers for salaries of school
teachers and pertresses for the years 1889.
1885 and 1887, and did issue certificates OF
Indebtedness therefor, amounting in the
aggregate to one hundred and seventy-four
thousand, six hundred and s'xty-two
(SI74, 662.0O dollars: and
Whereas due notice of this Act has been pub
lished in the City of New Orleans for more
than thirty days prior to its introduction
into the General Assembly, and due
evidence thereof has been exhibited In the
General Assembly:
Section L. Be il enacted by the General
Assembly OF the State of Louisiana, two thirds
of all the members elected to each house con-
curing: That subject to the ratlhcation OF the
people of the State of Louisiana, by the
adoption of an amendment to the Constitution
of the State hereinafter submitted to them the
City of New Orleans shall have power TO issue,
and it shall be its duty to issue bonds, not TO
in amount. dated January LIST, 1907, bearing
per cent. per annum interest payable semi
annually. the principal of which shall DE
payable at the option OF the city; al any tiin .
1897. Said bonds shall be styled School teacn.
ers salary bonds of the City OF New orleans
They shall be of the denomination OF one
thousand dollars each. payable in lawful
money of the United States with seml-annnaI
interest coupons annexed payable July ist ana
January LIST, They shall De signed py Ine
Orleans and countersigned by the President
or Vice President and Secretary OF the Board
of Lilo ldation of the City Debt. They may be
registered and released from registry under
the rules and regulations prescribed by said
Board of Liquidation, and no registered BOND
shall be negotiable. Like other city bonds,
parish and municipal, and the tutors of
minors and curators of iuterdicts shall be
authorized to invest the funds in their hands
in such bonds.
Section d Be it further enacted, etc., That
as soon as constitutional authority for the
issuance of said bonds shall have been obtained,
it shall be the duty of the Board OF Liqulda-
ton Of the City Debt, at the expense of the
one-half of the one per cent debt tax, devoted
to school purposes, and appropriated by sald
Board to cause said bonds to be engraved and
TOD and tn sell q
par AID accrued interest, by sealed proposals,
to the highest bidder, after thirty days adyer-
tisementin two papers published In me CITY
Section 8. Be it further enacted, ETC., That
the Board of Liquidation shall, with the pro-
3. bx tSe the
salaries Of school teachers and portresses OF
the public schools for the years 1883, 1896 ana
1881, under the provisions OF OTdInance no.
2044 New Council Series, approved October LIST,
1903, with four per cent. per annum on INC
principal Of said certificates from said
October LIST, 1903, provided that for the pur-
poses of this Act no interest on said certificates
shall be allowed after January LIST, l9E. Such
payment must be made only to the persons
named in such certificates, or to their heirs or
legatees. or to their duly authorized counsel;
upon surrender of the original certificates OF
Indebtedness.
Section 4. Be it further enacted, etc, That
the principal and interest OF said bonds snail
be paid by preference out OF that one-haif OF
the surplus Of the one per cent. debt tax levied
by the City OF New Orleans by virtue OF
Article 3l4 of the Constitution of louisiana,
which is dedicated for public school purposes;
and in making in each year superintendent OF
the surplus Of said tax, the Board of Liquida-
public schools OF New Orleans, withhold. by
preference, q sum sufficient to pay the semi
annual interest on said bonds, and the sinking
fund hereinafter provided for.
Section Be it further enacted. ETC., That
after January LIST, 1917. the said Board OF
Liquidation shall, out Of the said one-half
purposes, set aside sinking fund sufficient in
amount to retire the whole of said issue OF
bonds, on or before January LIST, 1877, and shall,
from time to time. and at least once every
three months, rs said fund accumulates, select
by lot the numbers OF the bonds to be retired
Ut par and accrued interest, and shall advertise
each . Of t tss cities Of New YORK and New
Orleans, the numbers OF said bonds and the
date they will be paid (which date shall be not
more than thirty days from the date Q. q, sa aid
date said bonds shall cease to bear interest.
Section 9. Be it further enacted, etc., That
al the substantial provisions OF this ACT snail
bonds issued hereunder, the State OF Louisiana
and the City OF New Orleans.
Section z. Be it further enacted, and re-
solved, ETC., That at the congressional election
to be held in this State, on the first Tuesday
following the FIRST Monday OF November, 1905,
the following amendment to the Constitution
OF the State Of Louisiana, shall be submitted to
Z the electors Of the State. to-wit:
The City of New Orleans shall have power
and 1t shall be its duty to issue two hundred
thousand dollars of bonds, known rs "School
teachers salary bondss for the purposes and
under the provisions and conditions set forth
in the special act of the Legislature adopted to
that end and for that purpose, at the regular
session of 1906 which said act is hereby ratified
and approved; and all provisions of the present
Constitution Of the State in conflict with the
provisions Of said act. and with this amend
ment are, TO that extent, and for that purpose
only, repealed.
Section s. Be Ii further enacted, and re-
solved. etc, That on the official ballots to be
used q said election shall be placed the words:
For the City Of New Orleans school teachers
salary bond amendment" and the words:
Against the City of New Orleans school
teachers salary bond amendment" and each
elector shall indicate his vote on the proposed
amendment as provided in the general election
laws OF this State, j. W. HYAMS,
Speaker OF the House Of Representatives.
j. Y. SANDERS,
Lieutenant Governor and Pres. of the Senate.
Approved June IL, 1906.
NEWTON c. BLANCHARD.
Governor Of the State OF Louisiana.
JOHN +. MICHEL,
Secretary OF State.
ACT NOS
Nv Mr.. pearce. House Bill No. 9.