The weekly messenger. [volume] (St. Martinsville [i.e. St. Martinville] La.) 1886-1948, 1906-10-27
Proposed Amendments to the
Constitution,
State Of Louisiana.
ACT NO. 2.

1y MI. Dppre. House Bill No. IS.
AN ACT
10 authorize and require the City Of New
Orleans, through the Board Of Nqui-
Aation Of the City Debt, to Issue and
sen bonds, which shall be exempt from
TAXATION, for the payment Of the debt
due for salaries Of school teachers and
pertresses for the years 1885, 1886
and 1887; 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.
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, 316 and
BIT 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 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
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
1885, 1886 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.oo) 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
introduction into the General Assembly,
and due evidence thereof has been ex-
hibited in the General Assembly:
Section 1. Be it enacted by the Gen.
eral 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 the
State hereinafter submitted to them the
City of New Orleans shall have power
to issue, and it shall be its duty to issue
bonds, not to exceed two hundred thous-
and dollars (s2o0, 000.00) in amount,
dated January lst, 1907, bearing 4 per
cent per annum interest payable semi
annually, the principal Of which shall be
payable at the option of the city, at any
time between January 11t, 1917, and
January LIST, 1927. Sail bonds shall be
styled "School teachers salary bonds
Of the City Of New Orleans. I" They shall
b Of the denomination Of one thousand
dollars each, payable in lawful money'of
The United States, with semi-annual in
terest 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
Of the City Debt. They may be regis
tered and released from registry under
the rules and regulations prescribed by
paid Board Of Liquidation, and no reg
Uttered bond shall be negotiable. Like
ether city bonds, they shall DO exempt
from all taxation, State, parish and mu-
Aicipal, and the tutors Of minors and
surators Of interdicts shall b authorized
70 int the funds in their hands in
such ENDS.
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
me Board of Liquidation of the City
Debt, at the expense of the one-half of
me one per cent debt tax, devoted to
snool purposes, and apportioned BY said
soard, to cause said bonds to be en-
s!aved and executed, and to sell the same
!" not lsss than par and accrued interest,
sealed proposals, to the highest bidder |
slssr thirty days advertisement in two
spers published in the City Of New Or
section .. Be It further enacted, etc.,