The Madison journal. (Tallulah, Madison Parish, La.) 1888-current, 1914-09-05
Act No. 278
House Bill No. 537. BY Mr.. Jahnck,

House Bill No. 537. BY Mr. Jahncke
JOINT RESOLUTION.
| Proposing an amendment to the Consti-
| tuition of the State of Louisiana rel
| atlve to the issuance OF bonds and
| the leNYinS of "A special tax - 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 / lie II resolved ny the Cen
| eral Assembly of TIE state Of LOuiSi-
| ana. two-thirds of all members elected
| to each house cOnCurr!nG, 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-
| EreSS to he holden on the TucSd1v next
| following the First Monday in NOvcm-
| Der. 1914, to-wit.
Article !. That for the purpose OF ac-
IUirlng the front of Lake pDUtrha~traiN
! from what is known as West End to
| Milnebcrg. or such part thereof as may
| be deemed necessary and advisable. as
| hereinafter set forth. the city of New
orleans be. and il is hereby. authorized
| I" issue bonds to an amount not eN-
ceedinC $4,000. Uor.0U in denominations
| OF Sln0.Un. $500. 90. 81. 900 90. payable
| tltty years after date. with interest a
! the rate Of - uer cent per aunum
thereon. PAYABLE Semi-annUally. and rep
resented 10y coupons t. be attached to
| SAID bonds. and to provide for the pay
mcnt or the principal and interest 81
| SAID bonds. there is hereby levied an
| nualIy special tax on an tive propertv.
| real and personal. in the city of New
orleans. To the amount of S'N-tenthS OF
one ml'I on the dollar. which snail ne
collected the same as the other taxes
| Iue 10 the CITY of New Orleans and he
| Immediately paid TO the Board of Liz
| uhatlon of the City OF New orleans
where same shall he held separate. in
What shall he known as the Lake
Shore Park Bond Fund and To eStab-
| llSh and administer said park. there is
| hetebN created a commission or seven
cltzens and tax payers. male or female
one from each of the municipal DIS
IflctS or the City Of New Orleans. VINO
| snail he appointed hv the Mayor of the
CITY and confirmed by the Commits
sion Council soon as this amendment
rs adonted: such first appointeeS shall
hOld OFFICE respectively for one. two,
| three. four five. six and seven years
ana the expiration of each term.
thelr successors shall be appointed for
| the full term of seven years and the
Mayor, in making the first appoint
ments. shall designate the term of Of
nee 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
Slstance as may he necessary. this to
ard paid by the BOARD of Liquidation.
| which shall also fix and pay the neces-
Sary amounts for the other expenses
or 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 be invested ny said Board
or 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 IT, at any time
| the surplus reaches such an amount
that the Board deems IT not advisable
to hold same longer and IL is not able
to purchase said bonds at the rate
above stated. II shall then have the
right to call In anv 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, az said Board OF Linuiia ton
NAV determine. The Board herein ere
ated shall he known as the New Or
have the right to purchase such prop
erty as may he necessary within the
limits above sDecified, 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 do
all other work necessary to accomplish
y
said Board shall have the right to sell
or lease any portion of the property ac-
quired hereunder or reclaimed as may
not be necessary for park purposes. and
in selling same. to prescribe the condi-
lions under which same shall he held
by private owners. with reference to
the character of buildings. sidewalks
and other improvements to be erected
thereon. The said Board shall have
the right to lay out and pave. within
the property herein to he ACQUIRED
streets. avenues and boulevards. and to
arrange for the proper lighting thereof
No purchase, sale or lease shall be
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 NAV 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
names, exercising the same functions.
shall be ex-officio mer Ders of the
therein. but NAV be appointed on COM
mittees and shall have the right to
speak and present resolutions at any
meeting of the Board.
The engineering work necessary to
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 to
have charge of the work, same to be
selected by the Board herein created
and confirmed by the Board of Liqui-
dalton.
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
it's hands from other SOURCES not
pledged to other obligations. more than
sufficient TO provide for the bonds here
in authorized. in principal and inter
est. then it may. by resolution. declare
that the special tax herein levied is no
longer necessary, and thereupon the
City of New Orleans shall cease to col
lect such tax: but said tax shall revive
at any time. should il become necessary
in order that the Board should have
sufficient funds to meet the interest on
the bonds and the principal, at the ma
tofore been purchased or retired as
hereinabove set forth. And said Board
of Liquidation shall determine II II deem
IL advisable. what amount IL shall set
aside annually to provide for said sink
ing fund: but this right in the Board
shall be optional with IL and need not
be exercised II the other means referred
Judgment of said Board. be sufficient
to protect the rights of the holders
thereof.
Should any property within the lin
it's hereinbefore specified be deemed by
the said Board advisable for the pur-
pose herein contemplated. and the Board
finds that same cannot be purchased
for a reasonable and just price. then
the City of New Orleans shall have the
acquire said property: and said Board
have the right receive Of