The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1914-08-29
ACT NO. 27s.
House Bill No. 537--By Mr.. Jahncke.
JOINT RESOI IrTION

House Bill No. 537--By Mr.. Jahncke.
JOINT RESOLUTION
Proposing an amendment to the Constit6
ton of the State of Louisiana relative
10 the issuance of bonds and the levy
ing Of special tax to provide there
Tor by the City of New Orleans, t.
create lake shore park, to provide
Ior me administration of the park
and for the sale of certain property
acquired in connection therewith.
Section 1. Be it resolved by the General
assembly OF the State of Louisiana, two
thirds OF all the members elected to each
House concurring, That the following
amendment to the Constitution of this
state be submitted to the electors of the
state at the next general election for
representatives in Congress to be holden
NJ .ne iiu \, next following the first
Article 1. That for the purpose of ac-
curing the front of Lake Pontchartraiu
from what is known as West End to
deemed necessary and advisable. as here
inafter set forth, the city of New Orleans
pc, and II Is hereby. authorized to issue
n PONDS TO an amount not exceeding $3,0O0,-
vvoVU, IN denominations of $10e. 90, $500. co.
y, 100. payable fifty years after date.
with interest at the rate of 1-2 per cent
per annum thereon, payable semi-annual-
y, y ana represented by coupons to be at
the payment OF the principal and interest
OF SAID bonds, there is hereby levied ;.n-
nuaiiy a special tax on all the proper ty,
real and personal, in the city of New
Orleans. to the amount Of six-tenths Of
one mill on the dollar. which shall be coll
iected the same as the other taxes due
20 the city Of New Orleans and be imme-
diately paid to the Board OF Liquidation
OF the city of New Orleans where same
shall be held separate, in what shall be
known as the Lake Shore Park Bond
rund, and to establish and administer
said park. there is hereby created a COM
mission OF seven citizens and taxpayers.
male or female, one from each OF the
municipai districts of the city of New
Mayor. OF the city and confirmed by the
Commission Council as soon as this
is adopted; such first APP
one, two. three. four, five. six and seven
years, and at the expiration of each term
tneir successors shall be appointed for
the full term of seven years, and the
Mayor, In making the first appointments.
shall designate the term of Office OF the
respective appointees. The members OF
said Board shall name and elect their own
omcers ana shall serve. without compen-
sation. 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
the necessary amounts for the other ex.
penses of said Board out Of said tax
me avaiis OF said tax. in excess of the
amount necessary to pay the semi-annual
of the Board as above set forth. shall he
invested by said Board of Liquidation for
account of said fund, or they may pur-
chase, at not more than par, with said
surplus at any time and retire said bonds.
and II. at any time, the surplus reaches
such an amount that the Board deems II
not advisable to hold same longer and #
8 not able to purchase said bonds at the
ate above stated. 1t shall then have the
light TO call in any of said bonds begin
hing with the highest number but at not
exceeding their market value
Said bonds shall be sold at mar and ar
,rued interest all at one time or partially. |
Is said Board Of Liquidation may deter,
nine. The Board herein created shall be
Known as the New Orleans Lake Shore
Park Board. and shall have the right To |
purchase such property as may be neces-
'ary within the limits above specified. To
establish thereon a lake front park and
o build a sea wall and to reclaim land
rom the lake by extending the sea wall |
INTO the lake and filing the space between
anne and the present shore line. and to
10 all other work necessary to accomplish |
he purposes herein provided for. and said
soard shall have the right to sell or
ease any portion Of the property acquired |
hereunder or reclaimed as may not be |
necessary for park purposes. and. in SELL !
ng same, to prescribe the conditions un-
Ter which same shall be held BY private |
'Wners, with reference to the Character
y buildings, sidewalks and other Improve
nents 10 be erected thereon. The said 1