The Madison journal. (Tallulah, Madison Parish, La.) 1888-current, 1914-10-03
Act No. 278

Nc ieNNlnS or special tax to provide
therefor by the CITY of Seu Orleans
70 create lake shore park 70 pro-
wac Tor the administration of the
park. and for the sale of certain
with.
st section ]; Be II resolved by the Cen
eral Assembly OF tie state of Louisi-
ana, two-thirds OF ALL members elected
10 each house Concurring, That the fol-
owing amendment to the Constitution
VI TINS state be submitted TO the ele"-
tors or the State at the next general
election Tor RepreSen fatiyes in Con
Sress TO be holden on the Tuesday next
tollowing the First Monday in Novem-
Der. 1914, to-wit:
Article l. That for the purpose of az
curing the front of Lake Pontchartrain
from what is known as West End to
Nllneberg. or such part thereof as NAV
ne deemed necessary and advisable as
hereinafter set forth, the Citv of New
orleans be, and il is hereby. authorized
TO Issue bonds to an amount not eX-
ceeding $4,000. 10000. In denominations
Of 10000, $4,000. 81 600 60 PAYABLE
firty years after date. with interest at
the rate OF IL per cent per annum
thereon. payable semi-annually. and rep
resented by coupons to he attached 10
said bonds: and to provide for the pay
ment OF the principal and interest of
said bonds. there is hereby levied an
nualiy special tax on all the property.
rear and personal. In the City Of New
orleans, TO the amount Of SiX-tenths Of
one mill on the dollar, which shall he
collected the same as the other taxes
fue to the City of New Orleans and be
Immediately paid to the Board Of li1-
uldation of the City OF New Orleans
where same shall he held separate. in
what shall be known as the Lake
Shore Park Bond Fund" and to eStab-
fish and administer said park, there is
hereby created a commission of seven
'ltlzenS and tax payers. male or female.
one from each Of the municipal as
tricts of the city OF New Orleans. who
snail he appointed by the Mayor of the
CITY and confirmed by the Commits
sion Council as soon as this amendment
Is adopted; such first appointees snail
noId office respectively for one, two
three, four. five. six and seven years
and the expiration of each term.
thelr successors shall be appointed for
the full term of seven years. and the
Mayor, In making the first appoint
ments, shall designate the term of Of
flee of the respective appointees. The
members or said Board shall name and
elect their own officers and shall serve
without compensation. but shall be al
lowed secretary and such clerical as
Slstance as may he necessary. this to
ne determined. and the salaries fixed
and paid by the Board OF Liquidation
which shall also fix and pay the neces-
sary amounts for the other expenses
or said Board out OF said tax.
The avails of said tax. IN excess OF
the amount necessary to paw the semi
annual interest on said bonds and the
expenses Of the Board as above set
FORTH shall he invested by said BOARD
or they may purchase. at not more than
par. with said surplus at any time. and
retire said bonds; and II. at any time.
the surplus reaches such an amount
to hold same longer and it is not able
to purchase said bonds at the rate
above stated. II shall then have the
right to call in any OF said bonds. he
ginning with the highest number. but
at not exceeding their market value.
Said bonds shall be sold at par and
accrued interest all al one time or par
TALLY. az said Board OF Liquids ton
may determine The Board herein Gre
ated shall he known as the New Or
have the right to purchase such prop
erty as may be necessary within the
limits above specified. to establish
thereon lake front park. and to build
a sea wall and to reclaim land from the
lake by extending the sea wall into the
lake and filling the space between same
and the present shore line. and tn do
all other work necessary to accomplish
the purposes herein provided for And
said Board shall have the right to soil
or lease any portion of the property ac-
nuired hereunder or reclaimed as NAV
not be necessary for park purposes. ami
IN selling same. to prescribe the condi-
lions under which same shall he held
by private owners. with reference to
the character of buildings sidewalks
and other improvements TO he erected
thereon: The said Board shall have
the right TO Law out and nave within
the property herein to he acquired.
avenues and boulevards and to
arrange for the proper lighting thereof
No purchase, sale or lease shall he
made under the terms hereof without
the consent Of the Board of Liauida-
tion and the Commission Council of the
City Of New Orleans. or any other body
that NAV hereafter no in charge of the
affairs of the city of New Orleans The
city Attorney shall be the legal advi-
sor Of the Board. The Mayor and Com
missioner of Public Property. or any
officers hereafter created ny other
names exercising the same functions.
shall be ex-officio members of the
Board. but without the right to vote
but may he appointed on com
mittees and shall have the right to
speak and present resolutions at any
meeting of the Board.
The engineering work necessary to
carry out the provisions of this amend
ment shall be under the supervision OF
the City Engineer. who. however. shall
have charge of the work, same to he
selected by the Board herein created
and confirmed by the Board OF Liqui-
1ation.
Should. at any time. the Board OF
Liquidation be of the opinion that by
reason OF the payment Of some of the
now outstanding obligations of the City
Of New Orleans. funds will come into
It's hands from other sources not
pledged to other obligations. more than
sufficient to provide for the bonds here |
In authorized. in principal and inter- |
Est. then il may, by resolution, declare |
that the special tax herein levied is no |
longer necessary. and thereupon the |
30 ri ubnlI
ect such tax; but said tax shall revive |
II any time. should IL become necessary
in order that the Board should have |
funds to meet the interest on |!
The bonds and the principal, at the ma |
turity thereof. ff same have not here
tofore been purchased or retired as |
set forth. And said Board |
IF liquidation shall determine. if il deem |
I advisable. what amount IL shall set |
aside annually to provide for said sink |
ng fund: hut this right in the Board |
shall he optional with il and need not
Dc exercised if the other means referred |
10 for retiring said bonds shall. in the |
Judgment of said Board. he sufficient |
70 protect the rights of the holders |
hereof.
Should any property within tie lin |
is hereinbefOre specified be deemed by |
he said board advisable for the pur- |
,ose herein contemplated. and the BOARD |
'inds that same cannot he purchased |
'or a reasonable and just price. then |
he City of New Orleans shall have the |
light, by appropriation proceedings to |
require said property: and said Board |
shall have the right to receive anv of |
said property by donation or Request. |
rhe title to all property acquired here |
lnder. whether by purchase. donation. |
or otherwise. shall he in |
he name OF the City OF New Orleans
Section 2. BE II further reserved,
tic. That on the official ballot to he |
ised in said election shall be placed |
he words For the Lake Shore Park |
amendment" and the words against /