The Madison journal. (Tallulah, Madison Parish, La.) 1888-current, 1914-09-19
Act No. 278
House Bill No. 537. BY Mr. Jahncke
JOINT RESOLUTION.

House Bill No. 537. BY Mr.. Jahncks
JOINT RESOLUTION.
Proposing an amendment TO the Consti-
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.
TO create a lake shore park, TO pro-
vide for the administration OF the
park. and for the sale OF certain
property acquired IN connection there
with.
Section |. Be ft resolved by the Gen
eral Assembly OF TIE state of Louisi
ana. two-thirds 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 Tor Representatives in Con-
gress to be holden on the Tuesday next
following the First Monday in Novem-
Der, 1914. to-wit:
Article I. That for the purpose of ac-
quiring the front of Lake Pontchartrair
from what is known as West End to
Milneberg. or such part thereon as may
be deemed necessary and advisable, a.
hereinafter set forth. the city of New
Orleans be. and it is hereby, authorized
to issue bonds to an amount not ex-
Ceeding $4,000. 10000. in denominations
of 10000. $4,000. 100000. 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 70 be attached 10
said bonds; and to provide for the pay =
ment OF the principal and interest or
said bonds. there Is hereby levied an
nually special tax on all the property
real and personal in the city or New
Orleans. to the amount OF slX-tenthS OF
one mill on the dollar. which shall ne
collected the same as the other taxes
due to the City of New Orleans ana De
Immediately paid to the Board or Lilo
uidation 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 estab-
fish and administer said park. there Is
hereby created a commission or seven
citizens and tax payers. male or temaie'
one from each OF the municipal as
tricts of the City OF New Orleans. VINO
shall be 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
hold office respectively for one. two
three. four. five six and seven years
and the expiration of each term,
their successors shall be appointed lot
the full term of seven years, and the
Mayor. in making the first appoint
ments. shall designate the term or OF
flee OF the respective appointees. The
members of said Board shall name and
elect their own officers and shall serve
without compensation. but shall he al
lowed secretary and such clerical as
SiStance as may be necessary, TINS 10
be 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
OF 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 sci
forth. shall be invested by said BOARD
OF Liquidation for account Of said fund
or they may purchase at not more thar
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 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. he
| 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
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
limits above specified. to establish
thereon a lake front park. and to buil'
! a sea wall and to reclaim land from thu
lake by extending the sea wall into thu
lake and filling the space between sam
and the present shore line, and to d,
| all other work necessary to accomplish
| the purposes herein provided for. Ant
| said Board shall have the right to sci
| or lease any portion of the property &C
| duired hereunder or reclaimed as ma!
not be necessary for park purposes. and
| in selling same. to prescribe the condi
| lions under which same shall be hell
by private owners. with reference T.
\ the character OF buildings. sidewalk
| and other improvements to be erecte'
thereon. The said Board shall hav
| the right to lay out and pave. within
| the property herein to be acquired
/ streets avenues and bOulevards and I,
I arrange for the proper lighting thereof
/ No purchase, sale or lease shall b.
/ made under the terms hereof withou
| the consent of the Board of Liquda
ton and the Commission Council of tn
City of New Orleans or any other bod.
1 that may hereafter be in charge of TIL
| affairs of the city of New Orleans. Tn
| City Attorney shall be the legal advi
/ sor of the Board The Mayor and Com
| officers hereafter created by othe
| names exercising the same functions
| shall be ex-officio members OF tn
Board. but without the right to vot
mittees and shall have the right t
speak and present resolutions at an!
meeting OF the Board.
| The engineering work necessary &
| carry out the provisions OF this amend
ment shall be under the supervision o
the City Engineer. who. however, shall
appoint one or more special deputies L
| have charge OF the work, same to b.
selected by the Board herein create,
and confirmed by the Board Of Liqui
| dalton.
Should, at any time. the Board o
Liquidation be OF the opinion that b.
reason OF the payment Of some of tn
now outstanding obligations of the Cit
of New Orleans. funds will come int
its hands from other sources no
pledged to other obligations. more thai
| sufficient to provide for the bonds here
est then IL may, by resolution. declar
that the special tax herein levied is n
longer necessary. and thereupon tn
City Of New Orleans shall cease to col
iect such tax: but said tax shall reviv
at any time, should IL become necessar
i'm 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 a
hereinabove set forth. And said Boar
of Liquidation shall determine. II II deer
II advisable. what amount 1t shall Sc
aside annually to provide for said sink
ing fund; but this right in the Boar
shall be optional with II and need no
be exercised II the other means referre
to for retiring said bonds shall, in tn
Judgment of said Board. be sufficier
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 purchase
| for a reasonable and just price. the
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 @