New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1906-09-22
ACT No I2
iiy Mr. Nogetlr
Senate Bill No. Is.


the dedicated tho bonds
gmJGon taxation and submission people
the state of Louisiana of uonal amendment
said bonds ~ confirming tine provisions of his Act
published IN the of or
leans thau thirty
raj Assembly and due evidence o has been exhibited the Gene
der the provisions Of Ae 30 the
constitutional amendment adopted Al the general election 1900
trc Assembly
advised That it Will probably require eight million dollars additional
complete said systems; aud
Whereas, by the increase City Orleans, present
prospective, surplus per
levied by virtue of Article &l1 of the Constitution the
lsra of o aud the special tax of two mills voted by the Taxpayers
of the City q" New Orleans ON the 9th day of Juno 500 and Will
he than sufficient pay
lars Of bonds issued under
and actual" produce large surplus dedicated by said act the pu
thereof, which and will be permit copaza-
retirement thereof prior January and
"ho is of the greatest Importance the City of New ocausnd
be
completed that their completion
long series of by the gradual application that end of the
surplus, t by
section by Assembly oft of Lou
sao thirds of all the members elected each house
That subject to the rototo" Of the people of the state of Louisiana by
adoption of
submitted to them the CITY OF Ne" Orleans shall have power to Issue and
shall be bonds million dolors
principal shall option city,
between January 1925 January
money Of fine United states with semi animal interest commons annex Cd r,v
They be Comp
hoer the City of New Orleans counegnd President
Secretary OF Liquidation City
They released from
aon Of
be negotiable Like other city bonds they shall be exempt from all taxa
municipal
Section BE further enacted ee Ina" as soon as constitutional
authority shall
s -, a ~ ~ W. . 2it ~ w., ;t nus ~, e k a
to by
Board said Board Liquidation shall
proposals. highest
than thirty
such sales in published each of the cities of
New York, Chicago and New Orleans
Section BE further enacted That the all such
the Board of Liquidation
the Sewerage and Water Board in the and under the conditions
said Act No of the session of 1922 and the amendment
threeof
further That proceeds
shall be used exclusively for the completion of the existing
- of tho who'll" Of d proceeds tha baoncs tHao shall ho held
Liquidation credit of the City New
expended by it for paving purposes only
operations begun expenses systems
tho first twenty four months thereof supplied whole
said funds after applying said not than twenty
that the dedicated
the said bonds which surplus and be used before
the principal of said fund
Be it further enacted That the proceeds said bonds
completion of
said sewerage water and drainage systems the preference being given to the
and if
the principal and interest of the bonds herein authorized
all surplus arising after January @ 1907 from the one half of cent
Orleans of the
from the special mills voted by
property the City of New Orleans the Sixth day of June
surplus being
remaining after paving the interest the twelve millions of
Bonds of the City of New Orleans heretofore issued
said Act No the session of $780, and the
for which mill
January
of If, the
this Act and after January 1925 their
sinking shall furh
surplus said further surplus shall be used for extending the
public systems growth
such the shall be held by the Board
to
public improvements such paving public buildings
bridges,
Be further enacted That after January lat, 1928
the City Debt shall Of the of said
the of the principal and interest of said
whole
before j. l9l2 shall from
time every
a published in each
Chicago New Orleans the of said bonds
will be paid (which shall be than thirty
ADVERTISEMENT the expiration said date
bonds lcease o
further That the Board of Liquidation of
sell said eight millions of
the hereby dedicated
sales if
New will
" the interest charges thereon
further That it, by miohance,
should sinking
bonds
shall aco extended at the of interest and with the right
provided until January lst 1862 and the said
shall bo levied and collected until that until the principal