The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1914-10-17
Act No. 278
House Bill No. 5S7. BY Mr.. Jahncks
JOINT BESnI IITTaN

House Bill No. 5S7. BY Mr.. Jahncks
JOINT RESOLUTION,
Proposing an amendment to the Constt-
tuition of the State Of Louisiana rel-
atlVe to the issuance Of bonds and
the levying of a special tax to provide
therefor by the City of New Orleans.
vide for the administration of the
park, and for the sale of certain
property acquired In connection there
with.
eraI Assembly OF The State of Louisf-
ana. tWo-thirds of all members elected
to each house cencurring, 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 Tor Representatives In Con-
Eress to be holden on the Tuesday next
following the First Monday IN Noyem-
Der, 1914, to-Wit:
Article /. That for the purpose of ac-
curing the front of Lake Pontchartrain
from what is known as West End to
hdIIneherg, or such part thereof as may
pc deemed necessary and advisable. as
hereinafter set forth. the City of New
Orleans be. and 1t is hereby, authorized
to issue bonds to an amount not ex-=
ceedfng s3,000.00o.00, in denominations
OF $4,000, $4,000. 100000, payable
fifty years after date, with interest at
the rate of IL per cent per annum
thereon, payable emi-annualfy, and rep
resented by coupons to be attached to
said bonds; and to provide for the pay
ment OF the principal and Interest OF
said bonds, there is hereby levied an
nuaIly a special tax on all the property,
real and personal. In the City of New
orleans, to the amount of sfx-tenths or
one mill on the dollar, which shall be
collected the same as the other taxes
due to the City of New Orleans and be
Immediately paid to the Board OF Laa-
uidation of tho City OF New Orleans.
where same shall be held separate. IN
what shall be known as the Lake
Shore Park Bond Fund, and to estab-
l1sh and administer said park, there IS
hereby created commission of seven
ciE1zens and tax payers, male or female.
one from each Of the municipal dis
tricts Of the City OF New Orleans, who
snail De appointed by the Mayor OF the
city and confirmed by the Commits.
sion Council as soon as this amendment
f IS adopted; such first appointees shah
hold office respectively for one, two.
three, four, five, six and seven years,
ana the expiration of each term,
their successors shall be appointed for
the full term of seven years. and the
Mayor, In making the first appoint
ments. shall designate the term of Of
rice Of the respective appoIntees. The
members Of said Board shall name and
elect their own officers and shall serve
Without compensation. but shall be al
lowed secretary and such clerical as
StSle1s1CS DIS may De necessary, 5LuiS liz
be determined, and the salaries fixed
and paid by Che Board of Liquidation.
which shall also fix and ray the neees-
sary amounts for the other expenses
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.
a Ia a no
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 It not advisable
to hold same Longer. and it Is not able
to purchase said bends at the rate:
above stated. IL shall then have q the,
rIghs ea.I Il arg 9f sad ps
at not exceeding their market value.
Said bonds shall be sold at par and
accrued interest all at one time or par
TALLY. SIS said Board Of Liauida ton
may determine. The Board herein ere-
leans Lake Shore Park Board. and shall
have the right TO purchase such prop
efty as may be necessary within the
limits above specified, to establish
thereon 8 lake front park. and TO build
q 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 I1ne, and TO do
the purposes herein provided for. And
said Board shall have the right to sell
or lease any portion of the property ac-
autsed hereunder or reclaimed as may
not be necessary for park purposes, and,
in selling same. TO prescribe the eondf-
tons under which same shall be held
by private owners: with reference 70
the character of buildings. sidewalks
and other improvements to be erected
thereon. The said Board shall have
the right to lay out and pave. within
the property hereip 70 be acquired.
arrange for the proper lighting thereof.
No purchase, sale or lease shall be
made under the terms hereof without
ton ana 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
sor Of the Board. The Mayor and Com
missioner of Public Property. or any
officers hereafter created by other
names exercising the same functions,
Board. but without the right to vote
therein but may be appointed on COM
Tntttees and shall have the right TO
speak and present resolutions at any
meeting OF the Board.
The engineering work necessary 60
carry out the provisions of this amend
rnenl shall be 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 Liaui-
dalton.
Lfanfdatfon be Of the he opinion that by
reason of the payment OF some of the
now outstanding obligations OF the City
of New Orleans, funds will come into
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
Eect such tax: but said tax shall revive
At any ti 5hq sbs + become
sufficient funds to meet the interest on
the bonds end the principal, at the ma
turity thereof. It same have not here
tofore been purchased or retired as
heretnahove set forth, And said Board |
of Liquidation shall determine, II 1t deem |
1t advisable: what amount II shall set
aside annually to provide for said sink
ing fund but this right in the Board
shall be optional with 1t and need not |
be exercised If the other means referred
to for retiring said bonds shall. in the i
judi ment of said Board, be sufficient |
to protect the rights OF the holders
thereof.
its hereinbefere specified be deemed by /
the said Board advisable for the pur- |
pose herein contemplated, and the Board |
finds that same cannot be purchased
for a reasonable and just price. then
the City of New Orleans shall have the
right by appropriation proceedings, TO |
acquire said property; and said Board |
she'll have tEse right to receive any Of |
said property by donation or hequesf
The title 20 ali property acquired here
under, whether by purchase. donation. |
or otherwise. shall be in |
the name of the City of New Orleans
Section BE it further resolved,
etc, That on the official ballot to be