The true Democrat. [volume] (Bayou Sara [La.]) 1892-1928, 1914-09-12
ACT NO, 27s.
House Bill No 537--By Mr.. Jahncke

|
Proposing an amendment to the Constitu-
ton of the State of Louisiana relative
to the issuance of bonds and the levy
| ing of special tax to provide there
for by the City of New Orleans, to
create a lake shore park, to provide
for the administration of the park,
and for the sale of certain property
acquired in connection Herewith.
Section l. 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
Estate be submitted to the electors of the
State at the next general election for
representatives in Congress to be holden
on the Tuesday next following the first
Monday in November, 1914, to-wit:
Article /. That for the purpose of ac-
quiring the front of Lake Pontchartrain
from what is known as West End to
Mineberg, or such part thereof as may be
deemed necessary and advisable, as here
matter set forth, the city of New Orleans
be, and it it hereby, authorized to issue
bonds to an amount not exceeding $1,000
100000, in denominations of 100000 $4,000,
s., 100000, payable fifty years after date,
with interest at the rate of IL per cent
per annum thereon, payable semi annual
lly, 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 an
nually special tax on all the property,
real and personal, in the city of New
Orleans, to the amount of six tenths of
one mill on the dollar which shall be col
lected the same as the other taxes due
to the city of New Orleans and be imme-
diatey paid to the Board of Liquidation
: of the city of New Orleans where same
, shall be held separate, in what shall be
8 known as the Lake Shore Park Bond
Fund.-" and to establish and administer
said park, there is hereby created a COM
e mission of seven citizens and taxpayers,
g 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 the
e Commission Council as soon as this
d amendment is adopted. such first ap-
e lpontees shall hold office respectively for
one, two, three, four, five, six and seven
years, and at the expiration of each term,
e their successors shall be appointed for
: the full term of seven years. and the
s Mayor, in making the first appointments,
It shall designate the term of office of the
s respective appointees. The members OF
e said Board shall name and elect their own
e officers and shall serve without compen-
It satioh, but shall be allowed q secretary
and such clerical assistance as may be
n necessary, this to be determined, and the
7, salaries fixed and paid by the Board OF
II Liquidation, which shall also fix and pay
= the necessary amounts for the other ex-
IL penses of said Board out of said tax
- The avais of said tax, in excess of the
- amount necessary to pay the semi -annua
=, interest on said bonds and the expenses
- of the Board as above set forth, shall bt
y invested by said Board of Liquidation fol
~ account of said fund, or they may pur
~ chase, at not more than par, with sale
- surplus at any TIME, and retire said bonds
- and if, at any time, the surplus reaches
such an amount that the Board deems i
:" not advisable to hold same longer and i
~ is not able to purchase said bonds at thu
~ rate above stated, it shall then have tn
% right to call in any of said bonds, begin
=. ~, ming with the highest number, but at no
~ exceeding their market value.
Said bonds shall be sold at par and ac
- crued interest all at one time or partially
: as said Board of Liquidation may deter
-, IS, mine The Board herein created shall b
VA known as the New Orleans Lake Shor
% Park Board, and shall have the right t
purchase such property as may be neces
~ sary within the limits above specified, t
establish thereon lake front park, an
y. to build a sea wall and to reclaim Ian
~ from the lake by extending the sea wa
y into the lake and filing the space betwee
same and the present short line and t
do all other work necessary to accomplis
lo the purposes herein provided for, and sal
Board shall have the right to sell o
" lease any portion of the property acquire
~ hereunder or reclaimed as may not b
-, necessary for park purposes, and, in sell
"a ing same, to prescribe the conditions un
10 der which same shall be held by privat
owners, with reference to the characte
~ of buildings, sidewalks and other improve
' ments to be erected thereon. The sal
"a Board shall have the right to lay out an
GU pave, within the property herein to be &C
. quired, streets, avenues and boulevard:
- and to arrange for the proper lightin
Gu thereof No purchase. sale or lease sha
'i' be made under the terms hereof withou
~ the consent of the Board of Liquidatio
II and the Commission Council of the cit
,e of New Orleans, or any other body tha
- may hereafter be in charge of the affair
Oh of the city of New Orleans. The Cit
Vi Attorney shall be the legal advisor of tn
Board The Mayor and Commissioners {
- ~, Public Property, or any officers hereafte
ilo created by other names exercising tn
-, ~ same functions, shall be ex-ofticio men
W bers of the Board, but without the rigl
u. u. to vote therein, but may be appointed Q
10 committees and shall have the right
q speak and present resolutions at an
ne nv meeting of the Board.
an The engineering work necessary to carr
nc out the provisions of this amendmel
~ shall be under the supervision of II
q City Engineer, who, however, shall al
=" point one or more special deputies to hay
~ charge of the work, same to be seiectt
Wy by the Board herein created and confirm
.l-N.