The Madison journal. (Tallulah, Madison Parish, La.) 1888-current, 1914-09-12
Act No. 278
House Bill No. So BY Mr. Jahncke
JOINT RESOLUTION.


House Bill No. So BY Mr. Jahncke. /,
JOINT RESOLUTION.
Proposing an amendment 10 the COnsti- !
tuition Of the State Of Louisiana rel !
ative to the issuance OF bonds and |
the Lowing OF a special tax 70 provide /
therefor by the city OF New orleans,
to create lake shore park. 20 pro-
vide for the administration of the
park. and for the sale OF certain
property acquired in connection there
with
Section | BE 70 resolved by the Cen
eral Assembly of tie state or LoulSl-
ana. two-thirds Of all members elected
70 each house cOrcurrinE. That the fol-
lowing amendment to the constitution
Of this State BE- submitted t. the cleo
tors Of the state at the next genera
election For Representatives IN 'oh-
greSS TO be holden on the TUESDAY next
following the First Monday in Noyen-
Der. 1914. .O-wlt:
Article l. That for the purpose Of &C
curing the front OF Lake Pontchartraln
from what is known as West F.hd 10
Milneherg. or such part thereof as may
be- deemed necessary and I'ElSaDIe a.
hereinafter set forth. the 'ltE OF New
Orleans be. and il is hereby. aIthor'Zed
10 issue bonds to an amount NOT tN
needIug $1,000. 10000. IN Nrnomildllpl.N
IF SIO0.u0. 100000. Sloo'tn, paN1n's
fifty years after date. Win interest AZ
tIt rate OF ! l. per cent ~ '...''
thereon. PAYABLE semi-annually. ana rep
resented by coupons u he attached 70
said bonds. and 10 provide Tor tAr p'E
rnent or the principal and lntr'tSL %
said bonds. there is hereby lrN''' a.
uualiy special tax on all TIE NrrNrrlF'
real and personal. in the Guy "t ~
Orleans. to the amount or S'N-te'lluS -
one mill on the dollar. when sNa,L W
collected the same as the "tuNF
due TO the City Of New Orleans ahI ue
Immediately paid 70 the Board OF LII
uidatiOn Of the city OF New oFltaIH
where same shall be held separate m
what shall he known as the l.aHe
shore Park Bond Fund and q eStaD-
| Iish and administer said PARK. tlrIe u
hereby created commission OF STNru
citizens and tax payers. male or ieHld1e.
one from each OF the municipal as
trlCts of the city Of New Orleans. W,'o
shall be appointed by the NaNor "' 'Le
| city and confirmed by the CorninlS
| sion Council a soon a. this amenu!ntnt
| is adopted; such first appointeeS sha'
| hold office respectively for one Two.
| three. four five. six and seven wears
and the expiration of ea"h en-. IN
their successors shall be appulntel TOT
| the full term of seven years. ara inc
| Mayor. in making the first appoint
ments shall designate tho term OF OF
| flee Of the respective apDointeeS. me
| members OF said Board shall name ana
| elect their own officers and snail serve
| without compensation. but shall ne al
| lowed a secretary and such clerical as
|
be determined. and the salaries fixed
| and paid by the BOARD of Liquidation.
| which shall also fix and pay the he'tS
| Sary amounts for the other expenses
| OF said Board out OF said tax.
| The avails Of said tax. IN excess or
| the amount necessary to pay the semi
| annual interest on said bonds and the
| expenses of the Board as above ser
| forth. shall be invested by said Roard
| Of Liquidation for account of said fund.
| thew
| 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 IL not advisable
| to hold same longer. and il is not able
| to purchase said bonds at the rate
above stated, II shall then have the
right TO call In any OF said bonds ne.
| ginning with the highest number. but
| at not exceeding their market value.
Said bonds shall be sold at par and
accrued interest all at one time or par
| TALLY. as said Board OF Liquidation
| nav determine The Board herein Gre
| ated shall he known as the New Or
leans Lake Shore Park Board. and shall
| have the right TO purchase such prop
| erty as NAV he necessary within the
limits above specified. to establish
| a sea wall and TO reclaim land from the
lake by extending the sea wall into the
| lake and filling the space between same
| and the present shore line. and to dc
| the purposes herein provided for. And
said Board shall have the right TO sell
or lease any portion of the property &C
quired hereunder or reclaimed as may
not be necessary for park purposes, and
in selling same. to prescribe the cordi'
lions under which same shall be hello
by private owners. with reference e
the character of buildings. sidewalks
and other improvements to be erected
thereon The said Board shall have
the right TO Law out and pave. within
the property herein to be acquired
streets avenues and boulevards. and t.
arrange for the proper lighting thereof
No purchase, sale or lease shall b.
| made under the terms hereof without
the consent OF the Board OF Ii1uida
ton and the Commission Council of The
City of New Orleans. or any other body
that NAV hereafter be in charge of the
affairs of the city Of New Orleans. Thu
CITY Attorney shall be the legal advi
sor of the Board. The Mayor and Com
missioner Of Public Property. or an,
officers hereafter created by othe
names exercising the same functions
Board. but without the right to vot,
therein. but may be appointed on com
mittees and shall have the right q
speak and present resolutions at an!
meeting of the Board.
The engineering work necessary L
carry out the provisions OF this amend
ment shall be under the supervision o
the City Engineer. who, however. shall
. | appoint one OF more special ueDuIleS u
have charge of the work. same to b
selected by the Board herein created
. and confirmed by the Board Of Liqui
dalton.
Should. at any time. the Board o
Liquidat ton be of the opinion that. b!
reason OF the payment Of some Of tn
now outstanding obligations of the Cit,
, of New Orleans. funds will come int
! its hands from other sources no
; pledged to other obligations. more thai
sufficient to provide for the bonds here
in authorized. in principal and inter
/. est then il may. by resolution, declar
that the special tax herein levied is n
} longer necessary, and thereupon tn
CITY of New Orleans shall cease to col
lect such tax; but said tax shall reviv
at any time, should il become necessar,
: in order that the Board should hav
sufficient funds to meet the interest oil
! the bonds and the principal, at the ma
3 turity thereof, If same have not here
r tofore been purchased or retired a
hereinabove set forth. And said Boar
. of Liquidation shall determine, II IL deer
2 IL advisable. what amount il shall Sc
| aside annually to provide for said sink
: ing fund: but this right in the Boar
3 | shall be optional with IL and need no
= he exercised IL the other means referre
! | 70 for retiring said bonds shall. in tn
Q Judgment OF said Board. be sufficier
' to protect the rights of the holder
!, ! thereof.
Should any property within the lin
: | IT'S hereinbefore specified be deemed b
! the said Board advisable for the pur
nose herein contemplated. and the Boar
Z finds that same cannot be purchase
| for a reasonable and just price. the
-.