St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1914-09-26
ana, session Of 1906, and subsequent

ana, session of 1906, and subsequent
lily adopted as an amendment to the
Constitution of this State; and the
said one-hllf Of the surplus OF the
one per cei.t debt tax, subject to the
exceptions specified herein above Inn
mediately set forth, Is hereby dedi-
Gated and pledged to the payment OF
the bonds hereby authorized to be is
sued, in principal and interest; aud
the Board of Liquidation, City Debt,
is hereby directed to employ SAID
fund to the extent necessary to carry
out the purpose Of this act; prov1d-
ed that nothing herein contained
shall otherwise change, ahect or I'M
pair, the provisions of Article 317 OF
the Constitution Of this State.
Section 6. Be 1t further enacted,
ETC., That the Board of Liquidation.
City Debt, shall, on the first day OF
January, 1916, and annually there
after pay and redeem fifty thousand
dollars ($50,O0O) in principal sum
of said bonds. The plan and sched-
ule Of redemption shall be determin-
ed by the Board of Liquidation, City
4 Debt, and announced by 1t In the
advertisement calling for sealed Dlds.
Section Be it further enacted,
ETC., That in order to reimburse the
Board of Directors of the Public
Schools for the parish OF Orleans for
the deductions and payments which
the Board of Liquidation, City Debt,
is hereby authorized to make out OF
said one-half Of the surplus OF the
one per cent, debt tax, the city OF
New Orleans, shall, and it Is hereby
made its duty to pay over to the
Board Of Liquidation, City Debt, be-
ginning on or before the first day OF
July. 1915, and annually thereafter
up to and including the year 1884,
the sum Of one hundred thousand dol
lars ($1OO,0OO) in cash. and begin
ming on or before the first day OF
July, 1895, and annually thereafter
IN to and including the year 1854,
the sum of fifty thousand dollars
($5O,OOO) In cash, and such furtner
sum as may be necessary In each year
to pay the interest on the bonds here
in authorized and then outstanding.
To enable the City of New Orleans
ito make such annual payments, the
said city is authorized to issue ana
to sell so much of the public I'M
proyement certificates authorized to,
he issued under Act No. Sc of the
General Assembly of the State OF
Louisiana. Session of 1908, or amend
ments presently existing thereto. or
that may be hereafter made, as may
be necessary for said purpose anu
such certificates shall be sold Dy tne
City of New Orleans under sealed
proposals to the highest bidder, IN
such amounts and under sucn con-
ditions as the City OF New orleans
may prescribe. The City OF New Or
leans shall be entitled to reject any
and all bids for such certificates;
provided, however, that nothing mere
in contained shall be construed to, In
any manner, relieve the City OF New
lOrleans of the obligation to make
the annual payments herein desig-
mated: and. In the event that the City
of New Orleans should fail to make
Iany payment when same shall be
come due. it shall be the duty Of the
Board Of Liquidation, City Debt, to
compel, by mandamus or other APP
nropriate remedy, the City OF New
IOrleaps to pay over to It the amount
fthus due. When, and as soon as
1.-The Board Of Liquidation, City Debt.
shall have received from the City 81
New Orleans any such annual pay
ment. the money so received shall be
forthwith paid over by the Board OF
Iiouidation. city Debt, to- the Board
LOT Directors of the Public Scnools
| for the Parish, Of Orleans.
1 o De- $pNVf H.
ETC., That the proceeds OF the SAFE
of two million dollars OF bonds mere
in authorized to be issued snail pc
expended solely for the following
purposes, to-Wit:
For the acquisition in the name
LOT the City of New Orleans, either
by purchase or by appropriation pros
|ceedings to be instituted in the name
| Of the City Of New Orleans, OF such
sites as may be necessary for the erec-
ton. extension or enlargement OF
school houses and their appurtenanc-
es. or for the establishment OF play
grounds or stadia connected with the
public school system of the City OF
New Orleans; and for the construc-
ton, or enlargement, or maintenance
Of school houses aud school buildings
and other edifIces and appurtenaaces
!, thereto.
Any and all contracts for the pur-
chase of ground or the construction
If buildings shall be made by the
BOARD of Directors Of the Public
Schools of tie City Of New Orleans.
subject to confirmation and approval
BY the Commission couAeil or other
governing body of the City Of New
Orleans; and all contracts for the
constructlon Of buildings or other
edifices that may exceed five hundred
dollars in amount shall be let to the
lowest bidder under sealed proposals
and after ten (1o) days advertise
ment in the official journal Of the
City OF New Orleans, and under sucn
terms and conditions as the Board
Of Directors of the Public schools for
/ the Parish of Orleans and the Com
mission Council, or other governing
body, of the City Of New Orleans
4