The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1914-10-03
ACT NO. 279.
House Bill No. 537-By Mr.. Jahncke.
JOINT RESOLUTION

House Bill No. 537-By Mr.. Jahncke.
JOINT RESOLUTION
Proposing an amendment to the Constitu
ton of the State of Louisiana relative
to the issuance of bonds and the levy
ing of a special tax to provide there
create n lake shore park, to provide
for the administration of the park.
and for the sale of certain property
acquired in connection Herewith.
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 at the next general election for
representatives in Congress to be holden
on the Tuesday next following the hrst
Monday in November, 1914. to-wit:
Article I. That for the purpose of &C
quiring the front of Lake Pontchartrain
from what is known as West End to
Milneberg. or such part thereof as may be
deemed necessary and advisable. as here
matter set forth, the city of New Orleans
be, and it is hereby, authorized to issue
bonds to an amount not exceeding s.. 000, :
900. 90. in denominations Of $4,000. $500 90,
! 81. 900. co. payable fifty years after date,
with interest at the rate of IL per cent
per annum thereon, payable semi annual
| ~, and represented by coupons to be at
tached to said bonds; and to provide for
the payment of the principal and interest
| of said bonds, there is hereby levied IN
nuaIly a special tax on all the proper ty.
real and personal in the city Of New
one mill on the dollar. which shall be coll
lected the same as the other taxes due
| to 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
Fund" and to establish and administer
said park. there is hereby created com
! rtt a
male or female. one from each OF the
municipal districts of the city OF New
Orleans, who shall be appointed by the
Mayor of the city and confirmed by me me
amendment is adopted; such first APP
pontees shall hold office respectively 10,
one two, three, four. five. six and sever
years. and at the expiration OF each term
their successors shall be appointed foi
the full term of seven years, ana tht
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 oWr
officers and shall serve without compen-
sation, but shall be allowed secretary
and such clerical assistance az may .b o.
salaries fixed and paid by the Board o.
Liquidation. which shall also fix ana pay
the necessary amounts for the other eH'
nenses of said Board out of said tax.
The avails of said tax, in excess Of tn
amount necessary to pay the semi annua
Interest on said bonds and the expense!
of the Board as above set forth. sEaii ~
Invested by said Board of Liquidation 10
account of said fund.-. or they may pur
chase. at not more than par, with san
surplus at any time, and retire SAID Donds
and If. at any time, the surplus reache
such an amount that the Board deems !
not advisable to hold same longer ana
, is not able to purchase SAID bonds at "a
. rate above stated, it shall then nave IN
, right to call in any of said bonds, beglh
, ming with the highest number. but AT nc
, exceeding their market value
! Said bonds shall be sold at par ana nc nc
: crued interest all at one time or partlall!
Z as said Board of Liquidation may dHse
: mine The Board herein created snail {
c known as the New Orleans Lake Shoi
q park Board. and shall have the right
r purchase such property rs may be neces
i sarv within the limits above Speclf1ed.
r establish thereon n lake front park, ar
n to build a sea wall and TO reclaim Ihl
s from the lake by extending the sea wa
). into the lake and filing the space betwet
d same and the present shore line, ana
= do all other work necessary 70 acconpil'
q the purposes herein provided Tor. anu s's
} BOARD shall have the right 10 sell
" lease any portion of the property acqu'r
= hereunder or reclaimed as may not
n necessary for park purposes, and, in Sc
"a inc same to prescribe the conditions Il
N der which same shall be held by prlVa
v owners. with reference to the charact
@ Of buildings, sidewalks and other Improv
j. ments TO be erected thereon The 81