The southern sentinel. (Winnfield, La.) 1883-1910, 1906-11-02
By Mr.. Dupre.

school teachers and portresses for the years
1885, 1885 and 1887; TO provide for the pay
ment of the principal and interest OF sald
bonds; and to submit to the people an
amendment of the Constitution authorizing
the issuance of said bonds, anu ratifying
the provisions of this Act.
Whereas, the City of New Orleans has for
many years, been indebted to her school
teachers and portresses, meritorlous 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, 3l6 and 81 OF the
Constitution of 1898, 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 eftica-
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 liQuidate the assumed Indebtedness for
the years 1882, 1888 and 1884, leaving unpaid
the assumed Indebtedness for the years
1885, 1886 and 1887; and
Ordinance No. 204i, New Council Series,
approved October LIST, 1903. assume the
Indebtedness reported by its Finance Com,
mittee as due by the School Board OF sala
city to teachers for salaries of school
teachers and portresses for the years 1873,
1886 and 1887, and did issue certlhca es OF
Indebtedness therefor, amounting IN the
aggregate to one hundred and seventy four
Thousand, SIX hundred and s'xty-rwo
tsl746 $500 dollars; and
Whereas due notice of this Act has been pup
Gshed 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 i. Be it enacted by the General
Assembly of the State OF Louisiana, Two tnlrus
of all the members elected to each house con-
curing: That subject to the ratification OF the
people of the State of Louisiana, by the
adoption of an amendment to the Constitution
of the State hereinafter submitted 10 then lne
CITY of New Orleans shall have power TO issue,
and it shall be its duty to issue ponds, NOT 70
exceed two hundred thousand dollars ls2ooW0l
in amount, dated January Isl, Iso, 5eas Ing,
annually. the principal of which shall De
PAYABLE at the option of the y. at any time
between January LIST. 1917, an : January tst
1877 Said bonds shall be styled school teach.
ers salary bonds of the City of New Orleans
They shall be of the denomination or one
thousand dollars each, payable IN amna
interest coupons annexed payable July Isl ana
January LIST. They shall be signed py the
Mayor and Comptroller OF the ~. SII p ol
or Vice President and Secretary of the Board
of Lilo 1idation of the City Debt They may De
registered and released from registry uhoe I
the rules and regulations prescribed oy sal9
Board of Liquidation, and no registered Dono
shall be negotiable. Like other city Donos,
they shall be exempt from all TAXATION, stare;
parish and municipal, and the tutors OF
minors and curators of interdicts shall pc
authorized to invest the funds In fhelr hands
in such bonds.
as soon as constitutional authority for the
issuance of said bonds shall have been Obtained,
it shall be the duty of the Board OF Llqulda-
ton of the City Debt, at the expense OF the
one-half of the one per cent debt TAX, deSoted
to school purposes, and appropriated by saia
Board, to cause said bonds to be engraved ane
executed, and TO sell the same at not less tnan
par aid accrued interest, by sealed proposals,
to the highest bidder. after thirty days adxer-
tisementin two papers Published In me oits
Section 5. Be it further enacted, ETC., That
the Board of Liquidation shall, with the pro
ceeds of said bonds take up and pay the certin-
Gates issued bv the City of New Orleans for the
salaries of school teachers and portresses OF
the public schools for the years 1885, 1886 and
1887, under the provisions OF Ordinance NO.
1903, with four per cent. per annum on the
principal of said certificates from SAID
October LIST, 1903, provided that for the pur-
poses OF this Act no interest on said certihcates
shall be allowed after January LIST, 1877. Such
payment must be made only to the persons
named in such certificates, or to their neirs or
legatees or to their duly authorized counsel )
upon surrender of the original certificates of
Indebtedness.
Section 1. Be it further enacted, etc, That
the principal and interest Of sad ooads sna III
the surplus Of the one per cent DEBT tax levied
by the. CITY of New Orleans by virtue OF
Article 81 f the toe o.
and in making in each year apportlonment OF
the surplus of said tax, the Board of Liquida-
ton shall from the one-haf apportloned 10 the
public schools of New Orleans, withhold, by
preference, sum sufficient to pay the semi
annual interest snsaid bonds, and the SINKING
fund hereinafter provided for.
Section Be ii further enacted. etc., That
after January LIST, 1917. the said Board OF
Liquidation SHALL cut of the said one mar
surplus Of said tax apportioned to scnooi
ctl Cfr,ES ING
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, Is said fund accumulates, select
by lot the numbers of the bonds tobe retired
at par and accrued interest, and shall advertise
for ten days in a newspaper published IN
each Of TIE 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 oil said
advertisement,) and at the expiration OF said
date said bonds shall cease to bear interest.
Sections. Be it further enacted, ETC., Inat
all the substantial provisions OF this ACT snail
constitute q contract between the holders oil
bonds issued hereunder, the State OF Louisiana
and the City of New Orleans.
Section 4. 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 ls0S
the following amendment TO the CONSTITUTION
of the State of Louisiana, shall be submitted &c
the electors of the State. to-wit:
The City Of New Orleans shall have power
and Ii shall be its duty to issue two hundred
thousand dollars of bonds, known rs "School
teachers salary bonds,' 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 8. Be it further enacted, and re-
solved, etc, That on the official ballots to be
used at 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,
Approved June ii, 1905
NEWTON c. BLANCHARD,
Governor of the State of Louisiana
JOHN I. MICHEL,
Secretary OF State.
ACT NOS.
~ DnA lnT.ca M,