The weekly messenger. [volume] (St. Martinsville [i.e. St. Martinville] La.) 1886-1948, 1906-10-13
Proposed Amendments to the
Constitution,
State Of Louisiana,
ACT NO. 2.

All NO. 2.
y Mr.. Dupre. House Bill No. IS
AN ACT
70 authorize and require the City Of New
Orleans, through the Board Of Nqui
dation Of the City Debt, to issue AM
sen bonds, which shall be exempt from
TAXATION, for the payment Of the deb
due for salaries Of school teachers and
portresses for the years 1885, 1885,
sad 1857; to provide for the paymen
Of the principal and interest Of saii
bondsj and to submit to the peopl,
IN amendment of the Constitution
authorizing the issuance Of said bonds
and ratfying the provisions Of thii
Act.
Whereas, the City Of New Orleans ha.
for many years been indebted to he,
school teachers and portresses, merit
srious body Of her citizens, for per.
sonal services rendered under contract
with the Board Of Directors Of her
public schools; and
Whereas, the people Of this State, by
the provisions of Article 315, 3l6 and
BIZ Of the Constitution of 1898, requir.
ed the City Of New Orleans to e.
anime into and assume the payment of
these debts, and provided therein for
their payment In q manner then be.
heved to be sufficient and eficacious;
and
Whereas, under said constitutional d.
rections, the city did examine and as
sumo this debt, but the provision made
tn the Constitution for the payment
thereof was sufficient only to hquidate
the assumed indebtedness for the years
1882, 1883 and 1884, leaving unpaid
the assumed Indebtedness for the years
1885, 1856 and 1887; and
Whereas, the City Of New Orleans did,
BY Ordinance No. 2044, New Council
Series, approved October LIST 1908, as
sumo the Indebtedness reported by its
Finance Committee as due BY the
School Board Of said city to teachers for
salaries of school teachers and portess-
es for the years 1885, 1886 and 1887,
and did issue certificates of indebted
ness therefor, amounting in the ag-
gregate to one hundred and seventy
four thousand, six hundred and sixty.
two ($174, 662.00) dollars; and
Whereas due notice of this Act has been
published in the City of New Orleans
for more than thirty days prior to its
into the General Assembly,
and due evidence thereof has been ex-
hibited in the General Assembly:
Section /. Be it enacted by the Gen.
sral Assembly of the State of Louisiana,
Two thirds Of all the members elected to
saeh House concurring; That subject to |
he ratification Of the people Of the State |
'f 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
% issue, and it shall be its duty to issue
bonds, not to exceed two hundred thous.
Ind dollars (s200, 0o0.oo) in amount,
lated January LIST, 1907, bearing 4 per
'ent per annum interest payable semi
the principal Of which shall be
'ayable at the option Of the city, at any
lime between January 1T, 1917, and
January LIST, 1927. Sail bonds shall be
'tyled "School teachers salary bonds
Il the City Of New Orleans. 4" They shall
y Of the denomination Of one thousand
pillars each, payable in lawful money Of
he United States, with semi-annual in
crest coupons annexed payable July LIST
md January LIST. They shall be signed
y the Mayor and Comptroller of the
aty Of New Orleans and countersigned
y the President or Vice President and
secretary Of the Board Of Liquidation
4 the City Debt. They may be regis
cred and released from registry under
ne rules and regulations prescribed by
Aid Board Of Liquidation, and no reg
tered bond shall be negotiable. Like
ther city bonds, they shall be exempt
rom all taxation, State, parish and mu-
nclpal and the tutors Of minors and {:
TRAITORS of interdicts shall be authorized
mt the funds in their hands in
ach ENDS.
section 2. Be it further enacted, etc.,
nat as soon as constitutional authority |
VI the issuance of said bonds shall have
cen obtained, it shall be the duty of !
ne Board of Liquidation of the City
'eof, at the expense Of the one-half of a
le one per cent debt tax, devoted to Z
'aooi purposes, and apportioned by said
'0ard, to cause said bonds to be en-. G
.s'ed and executed, and to sell the same {
not lsss than par and accrued interest, s
ssaled proposals, to the highest bidder a
I"r thirty days advertisement in two a
.pers published in the City Of New Or. i