The Natchitoches enterprise., 1914-09-03
Act No. 278
House Bill No. 537 BY Mr.. Jahncke
JOINT RESOLUTION,

tuition of the State of Louisiana rel
ative to the issuance Of bonds and
the levin" Of 2 special tax to provide
therefor by the City of New Orleans,
to create :; lake shore park, to pro-
vide for the administration of the
park. and for the sale of certain
property acquired in connection there
with.
eral Assembly of tire state of Louisi-
ana. tTc-thirGs of all members elected
to each house COncurring, That the fol-
lowing amendment to the Constitution
of this State be submitted to the cleo
tors of the State at the next general
election For Representatives. in Con-
greSs to be holden on the Tuesday next
following the First Monday in Novem-
Der 1914, to-wit:
Article !. That for the purpose of ac-
quiring the front of Lake Pontchartrain
from what is known as West End to
Mtlneberg. or such part thereof as may
be deemed necessary and advisable. as
hereinafter set forth, the City of New
Orleans be, and it is hereby, authorized
to issue bonds to an amount not eX-
Ceeding S.00O,G00.00, in denominations
OF 10000, $4,000. $1.OOO00 payable
fifty years after date with interest at
the rate of IL per cent per annum
thereon. payable semi. annually, and rep
resented by coupons to be attached 10
said bonds; and to provide for the pay.
ment of the principal and interest or
nualiy special tax on all the property
real and personal. in the city OF New
Orleans, to the amount OF siX-tenths or
ore mill on the dollar which snail ne
collected the same as the other taxes
due to the City of New Orleans and be
Immediately paid to the Board OF Llq-
uidation of the City of New Orleans
where same shall be held separate, IN
what shall he known as the Lake
Shore Park Bond Fund" and TO esta6-
fish and administer said park, there is
hereby created a commission OF seven
citizens and tax payers male or femaie'
one from each of the municipal dis-
tricts of the City of New Orleans, VINO
Shall be appointed by the Mayor or the
city and confirmed by the Commits
sion Council as soon as this amendment
is adopted; such first appointees shall
hold office respectively for one, two
three. four. five. six and seven years
and the expiration of each term
their successors shall be appointed Tor
the fun term of seven years. ana the
Mayor. in making the first appoint
ments. shall designate the term of Of
flee Of the respective appotntees. me
members of said Board shall name and
elect their own officers and shall serve
without compensation. but shall he al
lowed a secretary and such clerical as
siStance as may be necessary, TINS 70
be determined and the salaries fixed
and paid nv the BOARD of Liquidation.
which shall also fix and pay the neces-
of said Board out of said tax.
The avai's 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 be invested by said Board
of Liquidation for account of said fund
or they may purchase. at not more than
rar. 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 II not advisable
to hold same longer. and il is not able
to purchase said bonds at HE rate
above stated, it 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 he sold at par and
accrued interest all at one time or par
tally. as said Board of Liquidation
ated shall be known s the New Or
leans Lake Shore Park Board and shall
have the right to purchase such prop
erty as may be necessary within the
limits above specified to establish
thereon a lake front park. and to build
A sen wall and to reclaim land from the
lake by extending the sea wall into the
lake and filling the space between same
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 &C
hereunder
not be necessary for park purposes and.
In selling same. to prescribe the condi-
lions under which same shall be 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 lay out and pave. within
the property herein to be acquired.
streets. avenues AMI boulevardS. and to-
arrange for the proper lighting thereof.
M purchase sale Lease shall he
made under the terms hereof without
the consent of the BOARD of 1iquida-
tior and the Commission Council Of the
City of New Orleans. or any other body
that may hereafter be 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 by other
rames exercising the same functions
shall be eX-officio members of the
Board. but without the right to vote
therein but may be appointed on com
mittees and shall have the right to
sneak and present resolutions at any
meeting of the Board
The engineering work necessary to
carry out the provisions Of this amend
ment s'rall he under the supervision %
the City Engineer. who, however. shall
appoint one or more srecial de0ut'es e
have charge of the work, same to he
selected by the Board herein created
ana confirmed Dy tne BOdTd OIL LlQul-
dation.
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
its hands from other sources not
pledged to other obligations. more than
sufficient to provide for the bonds here
in autho riZed, in principal and inter
est then 1t may by resolution, declare
that the special tax herein levied is no
2orger necessary, and thereupon the
city OF New Orleans shall cease to col
lcct such tax; but said tax shall revive
in order that the Board should have
the bonds and the principal, a the ma
turity thereof If same Have not here
tofore been purchased or retired as
hereinabove set forth. And said Boar
of Licuidation shall determine, II it deer7
It advisable, what amount II shall ser
aside annually to provide for said sink
ing fund: but this right in the Board
shall be optional with ii and need NOT
be exercised If the other means referred
to for retiring said bonds shall, in the
Judgment of said Board. be sufficient
to protect the rights Of the holders
thereof
Should any property within the linn
its hereinbefore specified be deemed by
the said Board advisable for the pur-
nose herein contemplated and the Boar1
finds that same cannot he Durcfo sod
Cor n reasonable and just price thor
the CITY Of ,sw Orleans shsl hove .rs
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