The Donaldsonville chief., 1914-08-29
Act No. 278
House Bill No 537. BY Mr.. JahneEe
JOINT RESOLUTION,

House Bill No. 5a7. BY Mr. Jahncke.
JOINT REVOLUTION.
Proposing an amendment to the Consti-
tuition Of the State Of Louisiana rel
ative to the issuance of bonds ana
the levying of a special tax to PROVIDE
therefor by the City Of New Orleans.
to create lake shore park. park to TO- pro. re.
park, and for the sale of certain
property acquired In connection there
with.
Section l. Be 1t resolved by the Gen
eral Assembly Of the State of Louisl.
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 elec,
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:
Article l. That for the purpose Of ac-
auiring the front of Lake Pontchartrain
Milneberg. or such part thereof as may
be deemed necessary and advisable. as
hereinafter set forth the City OF New
Orleans be. and 1t Is hereby, authorized
ceeding $3.000.00000 in denominations
of $4,000, $4,000. 100000, payable
fifty years after date. with interest az
the rate Of 4 IL per cent per annum
resented by coupons to be attached 10
said bonds; and to provide for the pay
ment of the principal and interest oi
said bonds, there is hereby levied an
nually special tax on all the.prospesTTay, NY,
real and personal, In the City OF New
Orleans, to the amount of six-tenths or
one mill on the dollar which shall De
collected the same as the ofher IaSss
due to the City of New Orleans eaa a and ,oe De
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 dls-
tricts of the City of New Orleans, VINO m
shall be appointed by the Mayor Of the
city and confirmed by the Commits.
sion Council as soon as this amendment
is adopted; such first appointees shaii
hold office respectively for one, Two
and 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
flee OF the respective appointees. The
members OF said Board shall name ana
elect their own officers and shall serve
without compensation. but shall De al
lowed g. secretary and such clerical as
ststance 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 neces-
sary amounts for the other expenses
Of said Board out of said tax.
The ava1ls 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 purchase. at not more than
par. with. said surplus at any time. and
retire said bonds; and II. at any time.
that the Board deems It not advisable
to hold same longer, and 1t Is not able
to purchase said bonds at the rate
above stated. II shall then have the
ginning Withath highest number, but
at not exceeding thetr trTnarke ct value
Said bonds shall be sold AZ par and
accrued interest all at one time or par
tally as said Board of Liquidation
may determine. The Board herein ere
leans Lake Shore Park Board, and shall
have the right to purchase such prop
srty as may be necessary within the
thereon 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 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 condf-
tions under which same shall be held
BY private owners. with reference TO
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 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 Liqutda-
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 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
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 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 Liatli-
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
SJlff tn he
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 1t 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
1t advisable, what amount it shah 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.
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 q 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 have the right to receive any of
said property by donation or bequest
The title to all property acquired here
under, whether by purchase. donation.
appropriation or otherwise. shall be In
the name Of the City OF New Orleans
Section 2. Be it further reserved.