The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1906-10-20

l"r 'he issuance ana sale OF $ ia t s.'a
ana their exemption from ,a. "'Ris
ana to provide for the SHIN; 1at'oa;
the people Of the State Of To ,''a %
81 constitutional amendment mt .
1horlzins the is~oe ii sad ho, l' AZ.
confirming tie provisions of ,l.s ass
where's Where's due notice Of this Act has s ass
published in tae City Of New o,a 'eea
Tor more than thirty days prior - ~
lnfrodacti@n int" tie General 4, "
ny ana ine evidence thereof has rsS Ssa'
,nl IN ne General Assembly.
Whereas, the bonds authorized o.
sued by the City 81 New ORR.
DER the provisions OF Act No. of IN
extra session Of ,l>9f Ratified \. ''s
constitutional amendm'nt. adon.,i
the general election Of 1904 Nv s''' |"
proved adequate to he comnle.; 's MT
the sewerage, water and araipass s., W
tens of the City of New Or,essss "
the General Assembly is adviss, ~. aM
it will probably require eigbt ,a,'
hon dollars additional to comple.. ~,
systems; and SAD
Whereas. by the increase If ,s,..
IN tie City of New Orleans .'1s
Fntrospective, the one half = ..sF :,
furpfs of the one per cent dol. -. ls
<levisd hy virtue IF .tr,icIe 3l4 -. =. ~
Consultation Of the state of Ion;,. a'
Of 1898, and he a?ccial tax o. -,'' '
mills, voted ~ tn" taxpayers as , ~.
CITY Of New Orleans On tho s.b
Of June 1899, are and will he n -'F
than sufficient to pay the in.erss. 1,'
the twelve million dellars of fo. "a
Issued under SAID aet '
6 Of the extra session Of 7; wv
and actually produce LARGE s,..,
dedicated by said act 10 the rarr.5,a,
thereof, which is ana will be sua;so,'
TO permit the capitalization ,bs,a'.
by tho issuance Of eight MILF, A.,
lars Of bonds, and the retirement ,b...
OF prior 70 January /. 1912: AMI
Whereas. if is Of the greatest ;,,,.
lance 70 the City of New Orleans r..
til" people Of he whole Stat, =, !.
these great ruh!ic works shah !.
speedily completed. and tl.a. their ~,
pletion should MT he deferred tS.,,,.
long series Of Years by the ora ~,
Application 10 That end of the s,s
surplus, as il acerues year by year:
Section |. BE it enacted bv tho Gan.
eral Assembly ol the State Of vou.
lana, tvo-thirds OF all the members ala,.
ed to each House concurring. That srA
iect to the ratification Of the neonla 4.
he State Of Louisiana. by the adon.n,
# an amendment to the Constitute, a,
he State. hereinafter submitted t. -bpn
lie City OF New Orleans shall have novn
TO issue. and il shall be It's duty to ;ssu.
bonds agsregaging eight million doEas
iateG j, nuary !, 1907. herring four ps
'ent per annum interest, PAYABLE semi
annually. the principal of which shall
e payable. At Tie option Ct the cir, a,
my time between January l 1925. and
January ], 1912. Said bonds shag b
tylcd "New public imrroycmen, hgpt
II the City of New Orleans" They slsr
e Of the denomination of one thousand
'oliars each, payable in lawful moss
i the United States with semi .aaa1S
interest coupons annexed. payable .T1t
and January ]. They shall he s;rrad
Y the Mayor and Comptroller of i,
ny Of New Orleans and eountersi6nd
y the President or Vice President and
ecretarv of TIE Board of Liquidation Of
le City Debt. They may be registered
nd released from registry under Ii,
lies and regulations prescribed By said
'oard Of Liquidation, and no register
l bond Shall &c negotiable. Like o,ha
~ bonds. they shall be exempt from al
axation, State. parish and municipal
nd the tutors Of minors and cr7a.on
intcrdicts shall be authorized u 10
,st the funds in their hands in Nsh
onds. s>-.,
Section . Pc It further enacted, etc,
hat rs soon rs constitutional a,lth0n-
for the issuance Of said bonds slsH
I've been obtained, it shall be the Iuy
the Board Of Liquidation of the Gil!
ebt, at The expense of the special tai
md in their possession, TO cause sac
'nds 70 hc engraved and executed and
holt. Sane subject 20 the rrgusl-ln
the Sewerage and Water Boarl Of
CIV Orleans From time to tine
rcetcd by s:it! Sewerage and Nafa
card. SAID Board of Liquidation shall
Il said bonds IN sach amounts a II
ay lie rcquestc; 50 to 10, by sealed pF'
,sals TO the highest bidder, for not JOS
an par and accrued interest, atta
lrtv days advertisement Of sueh saia
one newspaper published III ea'n OF
Q cities of New York. Chicago aad Ne"
rleans.
Section 3. Be it further enacted ETC.
nat the proceeds of all such SAFES
Id by the Board of Liquidation ah'
id over on the warrant OF the >e'.