The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1906-09-08
,nused Amendments to the
Constitution,
State Of Louisiana.
ACT NO. Q.

" n,,nre. House Bill NO. ..
.,4horize and require the City Of Nev
.I.sn,. through the Board Of Liqui
sson Of the City Debt, to issue AM
lends. which shall be exempt from
Zion. for the payment Of the deb
a. salaries Of school teachers ant
..,s.ses for the years 1885, 1885,
1857; to provide for the paymen
Tie principal and interest Of sal'
..,ds: and to submit to the people
amendment Of the Constitution
-.,orizipg the issuance Of said bonds
ii ratifying the provisions OF this
.r.a., the City Of New Orleans has
n many years been indebted to he1
ssool teachers and portresses, merit
Inn, body Of her citizens, for per
20, services rendered under contract
m the Board Of Directors Of her
rbIc schools; and
t.,eas. the people Of this State, by
=. provisions of Article 3l5, 3l6 and
M Of the Constitution Of 1898, requir-
i the City of New Orleans to ex-
anime into and assume the payment of
hese debts, and provided therein for
Aeir payment in a manner then be-
r.red TO be sufficient and efficacious;
md
h.reas. under said constitutional di-
nctions, the city did examine and as
uue this debt, but the provision made
i the Constitution for the payment
Aereof was sufficient only to iquidate
g. assumed indebtedness for the years
1852, 1883 and 1884, leaving unpaid
d assumed indebtedness for the years
1865. 1856 and 1887; and
krsas, the City Of New Orleans did,
n Ordinance No. o044, New Council
Series, approved October LIST 1908, as
une the Indebtedness reported by IFS
finance Committee as due by the
aml Board Of said city to teachers for
shries Of school teachers and portess-
for the years 1885, 1886 and 1887,
| md did issue certificates of indebted
MS therefor, amounting in the ag-
rqate to one hundred and seventy
four thousand, six hundred and sixty
mo ($174.66o.o0) dollars; and
lbaeas due notice Of this Act has been
published in the City Of New Orleans
tkmore than thirty days prior to its
pdnction into the General Assembly,
md due evidence thereof has been ex-
hbited in the General Assembly:
Section l. Be it enacted by the Gen
Il Assembly Of the State Of Louisiana,
h thirds Of all the members elected to
u House concurring; That subject to
, ratification of the people Of the State
louisiana, BY the adoption Of an
kndment to the Constitution of the
hte hereinafter submitted to them the
" Of New Orleans shall have power
issue, and it shall be its duty to issue
sds, not to exceed two hundred thous-
4 dollars (s20o,Ooo.00) in amount,
I'D January LIST, 1907, bearing 4 per
7 per snnum interest payable semi
1ally, the principal Of which shall be
pble at the option Of the city, at any
between January 1,t, 1917, and
my LIST, 1927. Sail bonds shall be
I'd "School teachers salary bonds
y City Of New Orleans. +" They shall
the denomination of one thousand
2 each, payable in lawful money of
United States, with semi annual in
u coupons annexed payable July 1st
January LIST. They shall be signed
ne Mayor and Comptroller of the
Of New Orleans and countersigned
pe President or Vice President and
'sary Of the Board of Liquidation
sae city Debt. They may be regis
. ana released from registry under
lules and regulations prescribed by
DOsrd Of Liquidation, and no reg
fed bond shall be negotiable. Like o
city bonds, they shall be exempt t
! al taxation, State, parish and mu- t.
a. and the tutors Of minors and .
'ofs OF interdicts shall be authorized r
20 the funds in their hands in
ENDS.
saon =. Be it further enacted, ETC., n
I - soon as constitutional authority n
e issuance of said bonds shall have c
p.O'ained, it shall be the duty of h
D0afd OF Liquidation Of the City Il
, y the expense of the one-half Of a,
!, Per cent debt tax, devoted to n
! : purposes, and apportioned by said lie
: . cause said bonds to be en- CO
= |. !, ad executed, and to sell the same G
~, than par and accrued interest, 5;
~ proposals, to the highest bidder as
.y days advertisement in two | a,
punished in the City of New Or in
% 3. Be It further enacted, etc, tb
:. board Of Liquidation shall, with te
sS'eeds Of said bonds take up and
neslnncates issued by the City II
|. olleans for the salaries of school m
. 20 poftresses Of the public LIZ