The Natchitoches enterprise. (Natchitoches, La.) 1888-1965, 1914-09-17
Act No. 278

proposing an amendment TO the Constr
tuition of the State of Louisiana rel
ative to the issuance of bonds and
the levying of a special tax to provide
therefor by the City of New Orleans
II create Il lake shore park. to pro-
vide for the administration of the
park and for the sale of certain
property acquired in connection there
with.
Section l. Be It resolved by the Cen
eral Assembly of TIE state of Louisi-
ana. tvO-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 Tor Representatives in Con-
gTeSS to be holden on the Tuesday next
following the First Monday in Novem-
Der. 1914 towit:
Article l. That for the purpose of &C
curing the front of Lake Pontchartrain
from what is known as West End to
Milneherg. or such part thereof as may
be deemed necessary and advisable, as
hereila' ter set forth. the city of New
Orleans be. and it is hereby. authorized
to issue bonds to an amount not eX-
ceedlnG $3.OO0.00O.O0, in denominations
of 10000. $4,000, 81 100000, payable
fifty years after date with interest at
the rate of IL per cent per annum
thereon. payable semi-annually. and rep
resented by coupons to be attached to
Sali bonds: and to provide for the pay
III. - Va lne pilIClpdi anu IIltlVHN -
said bonds. there is hereby levied an
nlaIIy special tax on all the property
real and personal. in the City or New
orleans. to the amount of siX-tenths OF
ore mill on the dollar which shall be
collected the same as the other taxes
due to the City of New Orleans and pc
Immediately raid to the Board of LID
uidatton of the City of New Orleans
where same shall he held separate IN
what shall be known as the Lake
Shore Park Bond Fund" and to estab-
fish and administer said park. there IS
hereby created a commission or seven
citizens and tax payers. male or femaie'
one from each of the municipal dis-
tricts of the City of New Orleans, who
shall be appointed by the Mayor of the
city and confirmed by the Comm1s-
sion Council as soon as this amendment
is ado" ted; such first appointees shall
three. four. five. six and seven years
and the expiration of each term
their successors shall be appointed TOT
the full term of seven years, and the
Mayor. in making the first appoint
ments. shall designate the term or Of
flee of the respective appOintees. The
members of said Board shall name ana
elect their own officers and shall serve
without compensation. but shall he al
lowed a secretary and such clerical as
s'Stance as may he necessary, this to
be determined. and the salaries flNeu
ard raid hv the Board of Liquidation
w rf'NI r'ldlI also TN anu pay tHC hCNN'
sary 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
ar1ual 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 purchase. a not more than
r%r. with said surplus at any time. ana
retire said bonds: and if. at any time,
I've surplus reaches such an amount
that the Board deems it not advisable
to hold same longer. and it is not able
to purchase said bonds at Me rate
above stated. it shall then have the
right to call in anv 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 Liquidation
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 NAV be necessary within the
limits above specified. to establish
thereon a lake front park. and to build
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 nther work necessary to accomplish
the purposes herein provided for And
sa'i Board shall have the right to sell
or lease any portion of the property ac-
uuired hereunder or reclaimed as NAV
not he necessary for park purposes. and
In selling same. to prescribe the condi
tions under which same shall be held
by private owners. with reference to
the character of buildings sidewalks
AMI other improvements to be erected
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-
tion 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 advi-
sor of the Board. The Mayor and Com
missioner of Public Property. or anv
officers hereafter created by other
raves exercising the same functions
shall be ex-officio members of the
Board. but without the right to vote
therein. but may he appointed on com
mittees and shall have the right to
speak and present resolutions at any
meeting of the Board
The engineering work necessary to
carry out the provisions OF this amend
ment r"all be under the supervision of
the City Engineer. who. however. shall
appoint one or more special deputies to
nave CnarRe Oh IIle WOTk, same TO I've
selected by the Board herein created
and confirmed by the Board of Liqui-
da ton.
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
sufficient tosprovide for the bonds here
in authorized, in principal and inter-
est. then it 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 lrave not here
tofore been purchased or retired as
set forth. And said Board
of Liquidation shall determine. If it deem
1t advisable. what amount il 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
Judgment of said Board, be sufficient
to protect the rights of the holders
thereof. 49,
Should any property within the lin
Its hereinbefore 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
shall Lave the right to receive any of
said property by Donation or bequest
The title to all property acquired here
under, whether by purchase. donation.
or otherwise shall be in
the name of the City OF New Orleans.
Section 2. Be 1t further reserved
etc. That on the official ballot to be
used in said election shall be placed
the words For the Lake Shore Park
Amendment" and the words against