The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1906-10-13
PROPOSED AMENDMENTS
Constitution Of the State of Louisiana
To be Voted on at Election to be Holden
Tuesday. November 6. 1906

ACT NO. 2.
By Mr.. Dupre. House Bill No. IS
AN ACT
To authorize and require the City OF
New Orleans, through the Board OF
Liquidation of the City Debt, to is
sue and sell bonds, which shall be
exempt from taxation, for the pay
ment of the debt due for salaries Of
school teachers and poifresses for
the years 1885. 1885 and 1887; to
provide for the payment OF the
principle and interest Of said bonds;
and to submit to the people an
amendment Of the Constitution au-
thorizsng the issuance of said bonds.
and ratifying the provisions vi this
Act.
Whereas, the City OF New Orleans,
has for many years, been indebted
to her school teachers and por-
tresses, q meritorious body of her
citizens, for personal service rem
dered under contract with the
Board of Directors of her public
schools; and
Whereas, the people of this State, by
the provisions of Article 315, BIG
and 81 Z of the Constitution Of 1898
required the City of New Orlea ms
to examine into and assume the
payment Of these debts, and pro-
vided therein for their payment in
a manner then believed to be suffi-
Gent and efiicacioue; and
Whereas, under said constitutional
directions, the city did examine
and assume this debt, but the pro-
vision made in the Constitution for
the payment thereof was sufficient
only to liquidate the assumed in.
debtedness for the years 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. 2O44, New Couh.
ell Series, approved October lat
1908, assume the indebtedness re.
ported BY ite Finance COMMITTEES
ns due by the School Board of said
city to teachers for salaries o.
school teachers and pOrtresses fol-
the years 1885, 1856 and 1887
and did issue certificates of indebt
edness therefor, amounting in thu
aggregate to one hundred and sey
enty-fOur thousand, ak hundred
and sixty-two ($174, 662.00} dol
lara; and
Whereas due notice OF this Act hal
been published in the City Vi New
! Orleans for more than thirty day
prior to it's introduction into tn,
General Assembly, and due evi
dence thereof has been exhibited II
the General Assembly:
Section /. Be it enacted by tn,
General Assembly of the State Of Lou
isiaua, two-thirds of all the member,
elected to each House concurring
That, subject to the ratification o
the people of the State of Louisiana
by the adoption af an amendment tt
the Constitution Of the State herein
after submitted to them the City o
New Orleans shall have power to is
sue, and it shall be its duty to ISSUE
bonds. not to exceed two hundret
thousand dollars 1890, 00O. OO) il
amount, dated January LIST, 1907
bearing a per cent per annum inter
est payable semi-annualiy, the prin
cipal Of which shall be pa va bic at tb'
option of the city, Mt any time be
tween January LIST, 1917, and Janu
dry LIST, 1927. Said bonds shall b,
styled "School teachers salary bond
Of the City Of New Orleans" The,
shall be of the denomination of on
thousand dollars each, payable il
lawful money of the United States
with semi-annual interest coupons
annexed payable July LIST and Janu
nry LIST. They shall be signed by tn
Mayor and Comptroller of the Cit,
of New Orleans, and countersigne,
by the President or Vice Presiden
and Secretary of the Board of Liqui
dation of the City Debt. They ma,
be registered and released from reg
istry under the rules and regulation
prescribed by said board OF Liquids
ton, and no registered hond shall b
negotiable. Like other city bonds
they shall he exempt from all taxation
State, parish and municipal, and th
tutors OF minors and curators Of in
terdicts shall he authorized to inves
the funds in their hands in sue
bonds.
Section 2. Be it further enacted
ETC., That as soon as constitutions
tauthority for the issuance of sal
bonds shall have been obtained,
shall be the duty Of the Board of Lie
uidation OF the City Debt, at the ex
pense of the one-half of the one pc
cent debt tax, devoted to school put
poses, and apportioned by sal
Board, to cause said bonds to be en-
graved and executed, and to sell tn
same at not less than par and accru
ed interest, by sealed proposals., t.
the highest bidder, after thirty day
advertisement in two papers publish
ed in the City of New Orleans.
| Section 8. Be it further enacted
etc., That the Board OF Liquidation
shall, with the proceeds of said bond
take up and pay the certificates issu
ed by the City of New Orleans for tn
salaries of school teachers and POI