Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1914-09-25
Act No. 278
House Bill No. 537 By Mr.. Jahncke
JOINT RESOLUTION.

tuition Of the state Of Louisiana rel
alive to the issuance OF bonds and
the levying of a special tax TO provide
therefor by the city OF New Orleans
vide for the administration of. the
park and for the sale of certain
property acquired in connection there
with.
Section i. Be II resolved by the Cen
eral Assembly of tire state or LOUISE
ana. two-thirds of all members elected
to each house concurring. That the fol-
lowing amendment 10 the Constitution
of this State be submitted to the cleo
tors Of the State at tne next general a
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
Milneberg or such part thereof as may
be deemed necessary and advisable. as
hereinafter set forth, the CITY or New
Orleans be. and il is hereby. authorized
to issue bonds to an amount not ex-
ceeding $4,000. 10000. in denominations
of $4,000. $4,000. 100000. payable
fifty years after date. with interest az
the rate of 1-2 per cent per annum
thereon. payable semi-annually. and. rep
resented by coupons to be attached to
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 properly,
Orleans to the amount of six-tenths or
one mill on the dollar. which shall be
collected the same as the other taxes
due to the City of New Orleans ana De
uidation of the City of New Orleans
where same shall be held separate, IN
what shall he known as the LaSe
shore Park Bond FUND.-: and 10 estaD-
~ ark
hereby created a commission OF seven
citizens and tax payers. male or lemaie'
one from each of the municlpai us
tricts of the City of New Orleans. VINO
city and confirmed by the Commits
sion Council as soon as this amendment
is adopted: such first appointees shaii
hold office respectively for one, two.
and the expiration of each term.
their Successors shall be appointed Tor
the full term OF seven years. ana the
Mayor. In making the first appoint
flee of the respective appointees. The
members of said Board shall name and
elect their own officers and shall serve
without compensation. but shall be al
lowed a secretary and such clerical as
sistance as may be necessary. this 10
be- determined. and the salaries fixed
and paid by the Board Of Liquidation.
which shall also fix and pay the neces-
Sary amounts Tor the Otner expenses
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 ana 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
par. with said surplus at any time. and
retire said bonds: and II. at any time.
the surplus reaches such an amount
that the Board deems 1t not advisable
to hold same longer. and II 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. be-
ginning with the highest number. but
at not exceeding their market value.
Said bonds shall be sold at par and
accrued interest all at one time or par
TALLY, as said Board OF LIQUIDATION
may determine. The Board herein ere
ated shall be known as 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
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 to dc
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.
quired hereunder or reclaimed as may
not be necessary for park purposes. and
In selling same. to prescribe the condf-
tons under which same shall be held
the character of buildings. sidewalks
and other improvements to be erected
thereon. The said Board shall have
the right to lay oat and pave. within
streets. avenues and boulevards. and II
arrange for the proper lighting thereof
No purchase. sale or lease shall b.
made under the terms hereof without
the. consent OF the Board Of Liquida.
ton 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. Thu
sor Of the Board. The Mayor and Com
missioner OF Public Property. or any
officers hereafter created by otbeI
names exercising the same functions
Board De but %itSoat the GTst to vos
therein. but may be appointed on com
mittees and shall have the right &C
speak and present resolutions at any
meeting of the Board.
The engineering work necessary Il
carry out the provisions OF this amend
ment shall be under the supervision Of
the City Engineer. who. however. shall
appoint one or more special deputies Il
have charge OF the work. same to b.
and confirmed by the Board Of Liqui
dalton.
Should, at any time, the Board O,
Liquidation be OF the opinion that. BY
reason Of the payment Of some of thu
now outstanding obligations of the Citl
its hands from other sources no.
pledged to other obligations. more thar
sufficient to Provide for the bonds here
| In authorized. in principal and inter
L A~t than " resolution dor1o p
| that the special tax herein levied IN M
longer necessary. and thereupon thu
City OF New Orleans shall cease to col
lect such tax: but said tax shall reviv,
| in order that the Board should hav'
| sufficient funds to meet the interest OF
| the bonds and the principal, at the ma
turity thereof. II same have not here
| tofore been purchased or retired q,
hereinabove set forth. And said Boar
| of Liquidation shall determine. II II deem
| II advisable. what amount 1t shall se
inside und sn tS. psSs D tSe
shall be optional with It and need no
be exercised II the other means referret
| to for retiring said bonds shall. In tn,
| judgment Of said Board. be sufiicien
| to protect the rights Of the holder,
| thereof.
Should any property within the lin
| its hereinbefore specified be deemed b!
! the said Board advisable for the pur
pose herein contemplated. and the Boar
finds that same cannot be purchases
| for q reasonable and just price. theI
| the City OF New Orleans shall have tn
right, by appropriation proceedings. {,
acquire said property: and said Boar
shall have the right to receive any o
said property by donation or beauest
The title to all property acquired here
under, whether by purchase. donation
appropriation or otherwise. shah be Il
Section 2. Be II further reserved
| etc, That on the official ballot to b
| used in said election shall be place