St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1914-08-29
Secretary of State.
ACT NO. 278.

7 JOINT RESOLUTION.
proposing an Amendment to the Con
stitution of the State of Louisian;
relative to the issuance of Bond.
and the levying of a special ia,
to provide therefor by the City o.
New Orleans, to create lake shore
park, to provide for the admins
tration of the park, and for the
sale of certain property ACQUIRED
in connection Herewith;
: Section 1. Be it resolved, by the
General Assembly of the State of Lou.
isiana, two-thirds of all members
elected to each house concurring
That the following amendment to the
Constitution of this State be submit.
ted to the electors of the State al
the next general election for repre-
|sentatives in Congress to be holden
on the Tuesday next following the
first Monday in November, 1914. to-
wit:
Article 1. That for the purpose
of acquiring the front of Lake Point
chartrain from what is known as
West End to Milenburg, or such part
thereof as may be 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 exceeding
$1,000 100000, in denominations of
100000, $4,000, 100000, payable
fifty years after date, with interest
at the rate of 4 1-2 per cent per an
mum thereon, payable semi-annually,
and represented by coupons to be at
10 10 e0Sl 1cs 10 o,vs H.
for the payment of the principal and
interest of said bonds, there is here
by levied annually special tax on
all the property, real and personal,
in the city of New Orleans, to the
amount of sixlaenths of che mill on
the dollar, which shall b. eollecte i
the same as other taxes due to the
city Of New Orleans and be immed;-
ately paid to the Board of Liquida-
ton of the city Of New Orleans where
same shall be held separate, in what
shall be known as the Lake Shore
Park Fund" and to establish and
administer said park, there is hereby
created commission of seven citi-
zens and taxpayers, male or female.
one from each of the Municipal Di,-
tricts of the city of New Orleans, who
shall be appointed b. the Mayor of
the city and confirmed by the Com
mission Council as soon as this
amendment is adopted such first ap-
pointee shall hold Office respectively
for one, two, three, four, five, six
and seven years, and the expiration
OF each term, their successors shall
be appointed for the full terms OF
seven years, and the Mayor, in max
ing the first appointments, shall des-
ignate the term Of Office of the re-
spective appointees. The members
of said Board shall name and elect
their own officers and shall serve
without compensation, but shall be
allowed a secretary and such clerical
assistance as may be necessary, this
to be determined, and the salaries
fixed and paid by the Board of Liqui-
dation, which shall also fix and pay
the necessary amounts for the other
expenses of said Board out of sad
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, or they may purchase,
at not more than par, with said sur
plus at any time, and retire said
bonds; and il, at any time, the sur
plus 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 the rate
above stated, it shall then have the
right to call in any of sad bonds,
beginning with the highest number,
but not exceeding their market value.
Said bonds shall be sold at par and
accrued interest all at one time or
partially, as said Board of h.quida-
ton may determine. The Board
herein created shall be known as the
New Orle: rs Lake Shore Park Board,
and shall have the right to purchase
such property as may be necessary
within the limits above specified, to
establish thereon lake front park,
and to build a sea wall and to re-
claim land from the lake by extend
ing 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 acquired hereunder or re-
claimed as may not be necessary for
park purposes, and in selling same,
to prescribe the conditions under
which same shall be held by private
owners, with reference to the chair
acter 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 OF lease
shall be made under the terms hereof
without the consent of the Board OF
and the Commission
Council of the city of New Orleans,
r any other body that may here
after be in charge of the affairs OF
the city of New Orleans. The City
Attorney shall be the legal advisor
Of the Board. The Mayor and Com
missioner of Public Property, OF any
officers hereafter created by other
names exercising the same functions,
shall be ex-efiicio members OF the
Board, hut without the right to vote
therein, but may be appointed on
committees and shall have the right
to speak and present resolutions at
any meeting of the Board.