The Natchitoches enterprise. (Natchitoches, La.) 1888-1965, 1914-10-29
Act No. 278
House Hill No. 637. BY MIR Jahncke.
JOINT RESOLUTION.

tuition of the State of Louisiana rel
ative to the issuance of bonds and
the Ievyne of a special tax to provide
THEREOF Ivy 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
pr pefty acquired in connection there
with.
eral Assembly of TIE State of Louisi-
ara. t.vn-thirds of all members elected
to each house concurring, That the fol-
lnvirr 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-
g~ess to be holden on the TUESDAY next
following the First Monday in Novem-
Der. 1914, to-wit:
Article /. That for the purpose of &C
curing the front of Lake Pontchartrain
from, what is known as West End TO
NTilreberg or such part thereof as may
be deemed necessary and advisable: as
hernina@ ter set forth, the City or New
Orleans be. and 1t Is hereby, authorized
to issue bonds to an amount not ex-
ceeding $4,000, 100000, in denominations
OF $4,000, $4,000, 100000, payanle
fifty years after date, with interest al
the rate of 4 1-2 per cent per anhuIh
thereon. payable semi-annually. ana rep
resented by coupons to be attached 10
sol! bonds and to provide for the pay
r'"nt of the principal and 1nteres! u
n"ally a special tax on all the properly,
real and personal. in the City or new
Orleans. to the amount OF s1x-tentns oI
o"e mill on the dollar, which shall De
due to the City of New Orleans and be
Immediately paid to the Board or Llq-
uidation of the City of New orleans,
where same shall be held separate IN
Shore Park Bond, Fund" and to estab-
Fsh and administer said park, there -
hereby created a commission or seven
citizens and tax payers. male or ieHlaLs'
one from each of. the municipal ois
tricts of the City of New Orleans, WIN
shall be appointed by the Mayor OF the
city and confirmed by the Commits.
sion Council as soon as this amenomeh!1
is ado-ted; suoh first appotntees shaIi
hold office respectively for one, two
three. four. five six and seven years
and the expiration OF each term,
their successors shall be appointed tror
the full term of seven wears. ana Tue
Mayor, in making the first appoins-
merits. shall designate the term or or-
flee of the respective anpointees Inc
members of said Board .:hall name and
elect their own officers and shall serve
without compensation. but shall ne al
lowed a secretary and such clerical as
s's'anre as may be necessary, TINS 10
be determined, and the salaries fixeh
ard maid by the BOARD OF LIQUIDATION
which shall also fix and pay the neces-
of said Board out OF said tax.
The avat's of said tax, in excess OF
the amount necessary to pay the semi
annual interest on said bonds and the
exnerses OF the Board as above set
forth. shall be invested by said Board
of Liquidation for account of said fund'
or they NAV purchase. at not more than
rar. with said surplus at any time, and
retire said bonds: and If. at any time.
the surplus reaches such an amount
hot rvI Rn4 nHN n a
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 eafi in any Of said bonds. De
ginning with the highest number, but
at not exceeding their market value.
Said bonds shall he sold at par and
accrued interest all at one time or par
TALLY, as said Board OF Liquidation
NAV determine, The Board herein Gre
ated shall he known as the New Or
leans Lake Shore Park Board. and shall
have the right to purchase such prop
ertv as may be necessary within the
limits above snecified. to establish
thereon a lake front mark and to build
a sea wall and to reclaim land from the
like nv extending the sea wall into the
lake and filling the space between same
and the present shore line, and to no
all other work necessary to accomplish
20 PURPOSES herein provided for. And
sa'S BOARD shall have the right to sell
or lease anv portion of the property ac-
CURED hereunder or reclaimed as NAV
not be necessary for park purposes, and.
IN selling same. to prescribe the condt-
lions under which same shall be held
nv private owners. with reference -
tho character of buildings. sidewalks
an4 other improvements to be erected
thereon. The said Board shall have
tho right to Law out and pave, within
tie property herein to .be ACQUIRED
Efraets. avenues and boulevards. and to
n~~anre for the proper lighting thereof
IL chnI hn
made under the terms hereof without
tho consent Of the Board of Lioui1a-
ticn and the Commission Council of the
t'ty of New Orleans or arT other body
that nav herea tor Ho in charge of the
sffatrs of the city Of New Orleans The
City Attornnv shall be the legal advi-
sor Of the Board The Mayor and Com
missioner of Public Property. or anv
ra~,as exercising the same functions
F.a1I be ex-officio members of tho
BEARD but without the right to vote
therein but NAV he amounted on com
rnittees and shall have the right to
sneak and present resolutions at any
meeting of the Board.
the engineering work necessary to
carry out the provisions OF this amend
rnent ehall he 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-
dation.
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
its 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 1t 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 it become necessary
in order that the Board should have
sufficient funds to meet the interest on
the bonds and the principal, at the ma
turity thereof, if same have not here
tofore been purchased or retired as
hereinabove set forth. And said Board
of Liquidation shall determine, If it deem
II advisable. what amount. II shall So
aside annually to provide for said sink
ing fund; but, this right In the Board
shall be optional with 1t and need no,
be exercised If the other means referred
TO for retiring said bonds shall, in the
to protect the rights Of the holders
thereof
should any property within the lin
its hereinbefore specified be deemed by
the said Board advisable for the pur-
pose herein contemplated and the Poard
finds that same cannot be purchased
for a reasonable and just price, then
the City of New Orleans shall have the
shall have the right to receive any of
said property by donation or bequest.
The title to all property acquired here
appropriation or otherwise shall be in
the name of the City OF New Orleans.
Section o. Be 1t further reserved.
etc, That on the official ballot to be
L. Ill