The weekly messenger. [volume] (St. Martinsville [i.e. St. Martinville] La.) 1886-1948, 1906-09-15
Proposed Amendments to the
Constitution,
State Of Louisiana.
ACT NO. 2.

AN4 W. Ss
Mr.. Dupre. House Bill No. IS.
n AN ACT
4 authorize and require the City Of New
crlesps, through the Board Of Hqui-
dation Of the City Debt, to issue and
sell bonds, which shall Be exempt from
Sazation, for the payment Of the debt
iue for salaries Of school teachers and
mattresses for the years 1885, 1886
Sad 1887; to provide for the payment
Of the principal and interest Of said
bonds; and to submit to the people
A 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
sl7 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-
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 iquidate
the assumed Indebtedness for the years
1882, 1883 and 1884, leaving unpaid
the assumed Indebtedness for the years
1885, 1856 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 IFS
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 ($174,6 Coz. O0) 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 /. Be it enacted by the Cen
eral Assembly OF the State of Louisiana,
two thirds of all the members elected to
Zach 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
10 issue, and it shall be its duty to issue
bonds. not to exceed two hundred thous,
and dollars (s2oO,0oO.o0) in amount
dated January LIST, 1907, bearing 4 pei
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 1Jt, 1917, and
January 1st, 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
he United States, with semi-annual in
terest coupons annexed payable July Isl
and January 1st. They shall be signed
BY the Mayor and Comptroller of thu
City of New Orleans and countersignet
BY the President or Vice President ant
Secretary of the Board of Liquidation
u the City Debt. They may be regis
tered and released from registry undea
+ the rules and regulations prescribed By
rid Board of Liquidation, and no reg
itered bond shall be negotiable. Lik'
eher city bonds, they shall be- exemp
srom all taxation, State, parish and mu
hcipal, and the tutors Of minors AM
surators of interdicts shall be authorize,
TO INIT the funds in their hands II
such ENDS.
Section 2. Be it further enacted, etc.
That as soon as constitutional authority
Tor the issuance of said bonds shall hav
been obtained, it shall be the duty o
the Board of Liquidation of the Cit,
Debt, at the expense of the one-half O.
NE one per cent debt tax, devoted +
shool purposes, and apportioned by sal
soard, to cause said bonds to be en-
siaved and executed, and to sell the sam
u not less than par and accrued interest
sealed proposals, to the highest bidde
ttsr thirty days advertisement in tw
lepers published in the City Of New o.
Section Q. Be 1t further enacted, etc
Thai fha nal "a