The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1914-10-17
ACT NO. 2zs.
House Bill No. 537-By Mr.. Jahncke
JOINT RESOLUTION

House Bill No. 537-By Mr.. Jahncke.
JOINT RESOLUTION
Proposing an amendment to the Constitu-
ton Of the State of Louisiana relative
to the Issuance Of bonds and the levy
ing of a special tax to provide there
for by the City of New Orleans, to
create lake shore park. to provide
for the administration of the park.
and for the sale Of certain property
acquired in connection Herewith.
Section /. Be it resolved by the General
Assembly of the State of Louisiana. two
thirds of all the members elected to each
amendment to the constitut i Of this
State be submitted to the electors of the
State at the next general election for
representatives in Congress to be holden
Monday in November. 1914. to-wit:
Article 1. That for the purpose of ac-
quiring the front of Lake Pontchartrain
Miinebers. or such part thereof as may be
deemed necessary and advisable, as here
matter set forth, the city of New Orleans
be. and 1T is hereby. authorized to issue
10000. in denominations of $4,000. $500. 90.
81, 10000. payable fifty years after date,
with interest at the rate of IL per cent
ana 10 bn
tached to said bonds; and to provide for
the payment of the principal and interest
OF said bonds. there Is hereby levied an
70
real and personal. in the city OF New
Orleans, to the amount of six-tenths Of
one mill on the dollar. which shall be col
to the city Of New Orleans and be imme me-
diately paid to the Board of Liquidation
of the city of New Orleans where same
shall be held separate. in what shall be
Fund.- and to establish and administer
said park, there is hereby created a COM
Fmission Of seven citizens and taxpayers,
municipal districts of the city of New
Orleans, who shall be appointed by the
Mayor of the city and confirmed by the
Commission Council as soon as this
amendment is adopted: such first APP
pointees shall hold Office respectively for
one, two. three, four. five. six and seven
years, and at the expiration Of each term.
their successors shall be appointed for
Mayor, in making the first appointments.
shall designate the term OF office OF the
respective. appointees. The members of
officers and shall serve without compcn-
sation, but shall be allowed a secretary
and such clerical assistance as may be
salaries fixed and paid by the Board of
Liquidation, which shall also fix and pay
the necessary amounts for the other ex-
penses 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 and the expenses
| of the Board as above set forth, shall he
invested by said Board OF Liquidation for
account of said fund, or they may pur-
chase. 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 4,
not advisable to hold same longer, and II
is not able to purchase said bonds at the
rate above stated. 1t shall then have the
right to cali in any Of said bonds. begin
ming with the highest number, but at moi
exceeding their market value.
| Said bonds shall be sold at par and ac-
crued interest all at one time or partially
as said Board OF Liquidation may deter.
mine. The Board herein created shall be
known as the New Orleans Lake Shore
Park Board. and shall have the right Il
purchase such property rs may be neces
sary within the limits above specified. q
establish thereon a lake front park. anC
to build sea wall and to reclaim lans
from the lake by extending the sea wal
into the lake and filing the space between
same and the present shore line, and (.
lido all other work necessary-to accomplish
the purposes herein provided for. and salt
Board shall have the right to sell o
lease any portion Of the property ACQUIRES
hereunder or reclaimed as may not b.
necessary for park purposes, and, in sell
ling same, to prescribe the conditions un
der which same shall be held by privat
Owners, with reference to the characte
of buildings sidewalks and other Improve
lments to be erected thereon. The sal