The weekly messenger. [volume] (St. Martinsville [i.e. St. Martinville] La.) 1886-1948, 1906-09-08
Proposed Amendments to the
Constitution, -
State q Louisiana.
ACT NO. 2.


By Mr.. Duprs. House BIN No. IS.
AN ACT
70 authorize and require the City Of New
Orleans, through the Board Of Nqui-
dation Of the City Debt, T. isus and
sell bonds, which shah be exempt from
taxation, for the payment Of the debt
due for salaries Of school teachers and
portressss for the years 1885, 1886
and 1857; to provide for the payment
Of the principal and interest Of said
bonds; and to submit to the people
IN amendment Of the Constitution
authorizing the issuance Of said bonds,
and ratifying the provisions Of this
Act.
Whereas, the City Of New Orleans has
for many years been indebted to her
school teachers and portresses, q merit
erious 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
811 Of the Constitution of 1898, requir-
ed the City Of New Orleans to ex-
anime into and assume the payment of
these debts, and provided therein for
their payment in a manner then be-
ieved 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
In the Constitution for the payment
thereof was sufficient only to hquidate
the assumed Indebtedness for the years
1882, 1888 and 1884, leaving unpaid
the assumed Indebtedness for the years
1888, 1856 and 1887; and
Whereas, the City Of New Orleans did,
by Ordinance No. 2044, New Council
Series, approved October LIST 1903, 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, 1856 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 ($l74, 662.0o) dollars; and
Whereas due notice of this Act has been
published in the City of New Orleans
for more than thirty days prior to it's
into the General Assembly,
and due evidence thereof has been ex-
hibited in the General Assembly:
Section l. Be it enacted by the Gen
oral Assembly of the State of Louisiana,
two thirds of all the members elected to
each House concurring; That subject to
The ratification of the people of the State
Of Louisiana, by the adoption Of an
amendment to the Constitution of TIE
State hereinafter submitted to them the
City of New Orleans shall have power
10 issue, and it shall be its duty to issue
bonds, not to exceed two hundred thous-
and dollars ,0o0.O0) in amount,
dated January LIST, 1907, bearing per
cent per annum interest payable semi
the principal of which shall be
payable at the option of the city, at any
time between January 1Jt, 1917, and
January LIST, 1927. Sail bonds shall be
styled "School teachers 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 semi annual in
Eerest coupons annexed payable July LIST
and January LIST. They shall be signed
by the Mayor and Comptroller of the
City of New Orleans and countersigned
by the President or Vice President and
Secretary Of the Board of Liquidation
bf the City Debt They may be regis
lered and released from registry under
The rules and regulations prescribed by
|aid Board of Liquidation, and no reg
|etered bond shall be negotiable. Like
ether city bonds, they shall be exempt
rom all taxation, State, parish and mu-
iicipal, and the tutors of minors and
surators Of interdicts shall be authorized
to int the funds in their hands in
Iuch Snds.
Section 2. Be it further enacted, ETC.,
That as soon as constitutional authority
Tor the issuance of said bonds shall have
been obtained, it shall be the duty of
the Board of Liquidation of the City
Debt, at the expense of the one-half of
the one per cent debt tax, devoted to
,chool purposes, and appertioned by said
Board, to cause said bonds to be en-
graved and executed, and to sell the same
at not less than par and accrued interest,
?! sealed proposals, to the highest bidder
after thirty days advertisement in two
papers published in the City of New Or
leans.
section 3. Be It further enacted, etc.,
mat the Board of LIQUIDATION shall. with