The Natchitoches enterprise., 1914-10-01
Act No. 278
House Bill No 537. BY Mr.. Jahncke.
JOINT RESOLUTION,

/
tuition of the State of Louisiana rel
! alive to the issuance of bonds and
! the levyine of a special tax to provide
therefor by the City of New Orleans,
to create 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 / Be It resolved by the Cen
eral Assembly of TIE State of Louisi-
| ana. two thirds of all members elscted
| to each house concurring, That the fol-
loving amendment to the Constitution
! of this State be submitted to the cleo
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-
!. ber 1914, to-wit:
Article l. That for the purpose of ac-
curing the front of Lake Pontchartrain
from what is known as West End to
Alilneherg. 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 eX-
ceeding $1,000 10000, in denominations
of $4,000, $4,000, 100000 payable
fifty years after date, with interest at
the rate of 1-2 per cent per annum
thereon, payable semi-annually, and rep
resented by coupons to be attached 10
! SAID bonds: and to provide for the pay.
! ment of the principal and interest or
said bonds, there is hereby levied an
nuaIlE a special tax on all the property,
! real and personal. in the City of New
| orleans. to the amount of siX-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 De
lnlme iiately paid to the Board OF Liq-
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 estab-
llsh and administer said park there Is
hefeby created a commission OF seven
citizens and tax payers male or female,
one from each of the municipal dis
tricts of the City of New Orleans. VINO
snail 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 snail
hold office respectively for one, two,
three. four. five, six and seven years
their successors shall be appointed for
the full term of seven years ana tne
Mayor, in making the first appoint
ments, shall designate the term or or
flee 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
! be determined, and the salaries fixed
end raid by the Board of Liquidation
which shall also fix and pay the neces-
sary amounts for the other expenses
The avafls 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 If, at any time,
the surplus reaches such an amount
that the Board deems 1T not advisable
to purchase said bonds at The rate
above stated, 1t shall then have the
rlg g, t. S sall q anK ct said Rsnas b but
at not exceeding their market value.
Said bonds shall be sold at par and
accrued interest al at one time or par
TALLY. as said Board of Liquidation
NAV determine The Board herein Gre
ated shall be known as the New Or
leans Lake Shore Park Board, and shall
have the right to purchase such prop
erty as may be necessary within the
limits above specified, to establish
thereon lake front park ard to build
a sea wall and to reclaim land from the
lake bv 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. AID
said Board shall have the right to sell
or lease any portion of the property ac
CURED hereunder or reclaimed as may
not be necessary for park purposes. and
In selling same. to prescribe the condi-
lions 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 he ACQUIRED
streets, avenues and boulevards. and to
arrange for the proper lighting thereof
M purchase. sale or lease shall be
made under the terms hereof without
the consent of the Board of Liquida-
ton and the Commission Council of the
City of New Orleans. or am other body
that NAV 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
nan7ns 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 elall be under the supervision of
the City Engineer who, however, shall
appoint one or more special deDuties to
have charge of the work, same to be
selected by the Board herein created
and confirmed by the Board of Liqui-
dation.
Should, at any time, the Board OF
Liquidation be of the opinion that by
reason Of the payment of some of the
row outstanding obligations of the City
of New Orleans, funds will come into
its hands from other sources not
pledged to other obligations more than
sufficient to provide 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 have not here
tofore been purchased or retired as
hereinSboVe set forth. And said Board
of Liquidation shall determine, if it deem
1t advisable. what amount 1t shall set
aside annually to provide for said sink
ing fund; but this right in the Board
shall be optional with it 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 linn
It's hareinbefore 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 have the right to Teceive 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.
etc, That on the official ballot to be
used in said election shall be- placed