The true Democrat. [volume] (Bayou Sara [La.]) 1892-1928, 1914-10-10
ACT NO. o7s-
House Bill No. 5S7-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 l. Be it resolved by the General
Assembly of the State of Louisiana, two
thirds of all the members elected to each
House concurring, That the following
amendment to the Constitution of this
State be submitted to the electors of the
State at the next general election for
representatives in Congress to be holden
on the Tuesday next following the first
Monday in November, 1914, to-wit:
Article l. That for the purpose of ac-
During 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 here
matter set forth, the city of New Orleans
be- and it it hereby; authorized to issue
bonds to an amount not exceeding So, O00,-
10000, in denominations of $4,000, $500 90,
100000, payable fifty years after date,
with interest at the rate of l-2 per cent
per annum thereon, payable semi annual
~, and represented by coupons to be at
tached to said bonds; and to provide for
the payment of the principal and interest
of said bonds, there is hereby levied an
nually special tax on all the property,
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
lected the same as the other taxes due
to the city of New Orleans and be imme-
diately paid to the Board of Liquidation
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 establish and administer
said park, there is hereby created COM
mission 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 ap-
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
the full term of seven years, and the
Mayor, in making the first appointments,
shall designate the term of office of the
respective appointees. The members of
said Board shall name and elect their own
officers and shall serve without compen-
sation, but shall be allowed a secretary
and such clerical assistance as may be
necessary, this to be determined, and the
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 be
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 if. at any time, the surplus reaches
not advisable to hold same longer and it |
is not able to purchase said bonds at the |
rate above stated, it shall then have the
right to call in any of said bonds, begin |
ming with the highest number but at not |
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 to |
such property as may be neces-
sary within the limits above specified to
establish thereon lake front park, and
10 build sea wall and to reclaim land
rom the lake by extending the sea wall
INTO the lake and filling the space between
same and the present short line, and to
10 all other work necessary to accomplish
he purposes herein provided for, and said
8oard shall have the right to sell or
ease any portion of the property acquired
hereunder or reclaimed as may not be |
necessary for park purposes, and, in SELL
ng same, to prescribe the conditions I'M
Ter which same shall be held by private
'wners, with reference to the character
II buildings, sidewalks and other improve
nents to be erected thereon The said
5oard shall have the right to lay out and
ave, within the property herein to be ac-
uired. streets, avenues and boulevards,
nd to arrange for the proper lighting
hereof. No purchase, sale or lease shall
re made under the terms hereof without
he consent of the Board of Liquidation
nd the Commission Council of the city ,
New Orleans, or any other body that
nay hereafter be in charge of the affairs
the city of New Orleans. The City
lttorney shall be the legal advisor of the !.
'oard. The Mayor and Commissioner of
'ublic Property, or any officers hereafter :
reated by other names exercising the
anne functions, shall be eX-officio mem :
ers of the Board, but without the right :,
vote therein but may be appointed on :
and shall have the right to
peak and present resolutions at any =
leeting of the Board. :,
The engineering work necessary to carry !,
ut the provisions of this amendment ;,
nall be under the supervision of the ;,
ity Engineer, who, however, shall APP :,
oint one or more special deputies to have "
large of the work, same to be selected :,
Y the Board herein created and confirm :.
by the Board of Liquidation.