The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1914-09-26
ACT NO. 27s.

House Bill No. 537-By Mr.. Jahncke.
JOINT RESOLUTION
Proposing an amendment to the Constitu-
ton OF the State of Louisiana relative
to the issuance of bonds and the levy
ing Of special tax to provide there
create lake shore park, to provide
for. the administration OF the park,
and for the sale of certain property
acquired in connection Herewith.
Section 1. Be ii 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 1. That for the purpose of ac-
curing the front of Lake Pontchartrain
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 1t is hereby, authorized to issue
bonds to an amount not exceeding $1,000
10000, in denominations of $4,000 $500. 90,
81, 100000. payable fifty years after date,
with interest at the rate of 1-2 per cent
per annum thereon, payable semi annual
". 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 an
nually a special tax on all the prope ty.
real and personal. in the city of lew
Orleans, to the amount Of sx-tenths of
one mill on the dollar, which shall be coll
lected the same as the other taxes due
to the city Of New Orleans and be imme-
diately 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 a COM
mission of seven citizens and taxpayers,
male or female, one from each of the
mI'nieipa districts rha Of the city Of New
Mayor of the city and confirmed by the
Commission Council as soon as this
amendment is adopted; such first APP
pointees 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
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 secretary
and such clerical assistance as may be
necessary. this to be determined, and the
salaries fixed and paid by the Board OF
the necessary amounts for the other ex-
penses Of said Board out OF said tax.
The avails Of said tax. in excess of the
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 IL. at any time. the surplus reaches
such an amount that the Board deems IL
not advisable 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, 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 lake front park, and
to build 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
Go 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 UNI
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