The Caldwell watchman. (Columbia, La.) 1885-1946, 1914-08-21
Act No. 278
House Bill No. 537. By Mr., Jahncke.
JOINT RESOLUTION.

atiVe to the issuance Of bonds anC
the leyying of a special tax to proVldt
therefor by the City of New Orleans
to create lake shore park, to pro
vide for the administration of the
park, and for the sale of certain
property acquired in connection there
with.
eral Assembly of TIE State Of Louisi.
ana. two-thirds Of all members elected
to each house concurring, 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.
gress to be holden on the Tuesday next
following the First Monday in Novem'
Der. 1914. to-wit:
quiring the front of Lake Pontchartrain
from what is known as West End TO
Milneberg, or such part thereof as may
he deemed necessary and advisable. as
hereinafter set forth, the CITY of New
Orleans be. and it is hereby. authorized
to issue bonds to an amount not eX-
ceeding $4,000, 10000, in denominations
OF 10000, $4,000, $100000, payable
fifty years after date, with interest al
the rate Of ID per cent per annum
thereon payable semi-annually, ana rep
resented by coupons to be attached u
said bonds; and to provide for the pay
ment OF the principal and interest," oi
said bonds. there is hereby levied an
nuafly special tax on all the properly
real and personal, in the City or New
Orleans. to the amount Of SiX-tenths OF
one mill on the dollar, which SHAH De
collected the same as the other taxes
due to the City OF New Orleans ana DE
Immediately paid to the Board or hi4-
uidation 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 estan-
lish and administer said park there Is
hereby created a commission of seven
citizens and tax payers, male or femaie'
one from each of the municipal as
trfcts of the City of New Orleans, VINO
shall be appointed by the Mayor OF the
city and confirmed by the Commls..
sion Council as soon as this amendment
is adopted; such first appointees small
hold office respectively for one, tWo'
three. four five. six and seven years,
and the expiration Of each term
their successors shall be appointed Tor
the full term of seven years, ana tne
Mayor, In making the first appoint
ments, shall designate the term OF Of
flee of the respective appointeeS. me
members of said Board shall name and
elect their own officers and shall serve
lowed a secretary and such clerical as
sistance as may be necessary, TINS TO
be determined. and the salaries FIXED
and paid by the Board Of Liquidation,
which shall also fix and pay the neces-
EarY amounts for the other expenses
OF said Board out of said tax.
The avails of said tax In excess or
the amount necessary to pay the semi
annual interest on said bonds and the
nj he. I'd
forth. shall be invested by said Board
of 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 if. at any time,
the surplus reaches such an amount
that the Board deems 1t not advisable
to hold same longer, and 1t is not able
to purchase said bonds at the rate
above stated, 1t shall then have the
right to call in any 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, as said Board of Liquida tion
may 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
erty as may be necessary within the
thereon lake front park. and to build
a 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
the purposes herein provided for And
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-
tons under which same shall be held
by private owners. with reference to
the character of buildings, sidewalks
thereon. The said Board shall have
the right to lay out and pave, within
the property herein to be 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 may hereafter be in charge of the
affairs Of the city of New Orleans The
City Attorney shall be the legal adyi-
sor Of the Board. The Mayor and Com
missioner Of Public Property. or any
officers hereafter created by other
names exercising the same functions
Siidli pc ch-Ol1lClo members Oh the
Board. but without the right to vote
therein. but may be appointed on com.
mittees and shall have the right ia
speak and present resolutions at any
meeting of the Board.
The engineering work necessary Il
carry out the provisions OF this amend
ment all be under the supervision ot
the Ci.y Engineer\ who, however, shall
appoint one or more special deputies Il
nkn ~f III
selected by the Board herein created
and confirmed by the Board of Lioui
dalton.
Should. at any time the Board OF
Liquidation be of the opinion that h,
reason of the payment of some of thu
now outstanding obligations of the Cit,
OF New Orleans. funds will come into
us nanus from other sources moi
pledged to other obligations, more thar
sufficient to provide for the bonds here
IN authorized, In principal and inter
est, then 1t may by resolution, declar,
That the special tax herein levied is M
longer necessary. and thereupon the
City of New Orleans shall cease to col
iect such tax; but said tax shall revive
at any time should 1t become necessar,
in order that the Board should hay,
sufficient funds to meet the interest or
the bonds and the principal, at the ma
turity thereof. IL same have not here
tofore been purchased or retired a.
hereinabove set forth. And said Boart
of Liquidation shall determine, If it deem
1T advisable, what amount it shall Sc
aside annually to provide for said sink
ing fund; but this right in the Boart
shall be optional with 1t and need no
be exercised If the other means referred
to for retiring said bonds shall, in tn
Judgment Of said Board. be sufficien
to protect the rights of the holder
thereof.
Should any property within the linn
Ats hereinbefore specified be deemed b,
the said Board advisable for the pur
pose herein contemplated, and the Boar,
finds that same cannot be purchase,
for reasonable and just price. thel