The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1914-09-05
ACT NO. 278.
House Bill No. 537-By Mr.. Jahnck,
JOINT RESOLUTION

House Bill No. 537-By Mr.. Jahncke.
JOINT RESOLUTION
Proposing an amendment to the Consttu-
ton of the State of Louisiana relative
to the issuance of bonds and the levy
ing of special tax to provide there
for by the City of New Orleans, to
create lake shore park, to provide
for the administration of the park,
and for the sale of certain property
acquired in connection Herewith
Section /. Be it resolved by the General
Assembly of the State of Louisiana, two
thirds of all the members elected to each
House concurring. That the following
amendment to the Constitution of this
State be submitted to the electors of the
State at the next general election for
representatives in Congress to be holden
on the Tuesday next following the first
Monday in November, 1914, to-wit:
Article /. That for the purpose of ac-
quiring the front of Lake Pontchartran
from what is known as West End to
Milneberg, or such part thereof as may be
deemed necessary and advisable, as here
matter set forth, the city of New Orleans
be- and it is hereby, authorized to issue
bonds to an amount not exceeding $4,000.
00.00 in denominations Of 10000, $500. 90,
81, 10000, payable fifty years after date,
with interest at the rate of IL per cent
per annum thereon. payable semi-annual-
ly. and represented by coupons to be at
tached to said bonds; and to provide for
the payment of the principal and interest
of said bonds. there is hereby levied IN
nually special tax on all the proper ty,
real and personal, in the city of New
Orleans, to the amount of siX-tenths of
one mill on the dollar, which shall be COL
lected the same as the other taxes due
to the city of New Orleans and be imme-
dately paid to the Board of Liquidation
of the city of New Orleans where same
shall be held separate. in what shall be
known as the Lake Shore Park Bond
Fund" and to establish and administer
said park, there is hereby created n COM
nfcStn nfc md tn
male or female one from each of the
municipal districts of the city of New
Orleans. who shall be appointed by the
Mayor of the city and confirmed by the
amendment is adopted; such first ap-
pontees shall hold office respectively for
one, two, three, four, five. six and seven
years. and at the expiration of each term,
their successors shall be appointed for
the full term of seven years, and the
Mayor. in making the first appointments.
shall designate the term OF Office Of the
respective appointees. The members Of
said Board shall name and elect their own
officers and shall serve without compen
sation. but shall be allowed 4 secretary
and such clerical assistance as may be
necessary. this to be determined, and the
salaries fixed and paid by the Board of
Liquidation, which shall also fix and pay
the necessary amounts for the other ex-
penses of said Board out of said tax.
The avails of said tax, in excess of the
amount necessary to pay the semi-annual
interest on said bonds and the expenses
of the Board as above set forth. shall he
invested by said Board of Liquidation for
account of said fund, or they may pur-
chase. at not more than par, with said
surplus at any time. and retire said bonds;
and if, at any time, the surplus reaches
such an amount that the Board deems it
not advisable to hold same longer, and it
is not able to purchase said bonds at the
rate above stated, it shall then have the
right to call in any of said bonds, begin
ming with the highest number. but at not
exceeding their market value
Said bonds shall be sold at par and ac-
crued interest all at one time or partially.
as said Board of Liquidation may deter
mine. The Board herein created shall be
known as the New Orleans Lake Shore
Park Board and shall have the right to
purchase such property as may be neceS-
sary within the limits above specified, to
establish thereon n lake front park, and
to build q sea wall and to reclaim land
from the lake by extending the sea wall
into the lake and filing the space between
same and the present shore line, and to
do all other work necessary to accomplish
the purposes herein provided for, and said
Board shall have the right to sell or
lease any portion of the property acquired
hereunder or reclaimed as may not be
necessary for park purposes, and. in sell
ing same to prescribe the conditions I'M
der which same shall be held by private
owners with reference to the character
| of buildings sidewalks and other improve
! ments to be erected thereon. The said