The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1914-10-03
Act No. 278
House Bill No. sat. BY Mr.. Jahncke.
JOINT RESOLUTION,

A~-1N 49, 49, ~o1~~-"~~-o-
JOINT RESOLUTION.
Proposing an amendment to the ConstI-
tuition of the State Of Louisiana rel
attve to the Issuance of bonds and
the levying of special tax to. provide
therefor by the City Of New Orleans.
vide for the administration of the
park, and for the sale Of certain
property acquired In connection there
with.
eFal Assembly of. the State of Louisi-
ana two-thirds of all members elected
70 each house conourring, That the fol-
lowing amendment to the Constitution
tors of the State at the next general
election Cor Representatives in Con-
gress to be holden on the Tuesday next
following the First Monday In Novezn-
Der. 1914, to-wtt:
Article l. That for the purpose of ac-
quiring the front of Lake Pontchartrafn
from what is known as West End to
Miineberg. or such part thereof as may
hereinafter set forth. the City of New
Orleans be- and Il Is hereby, authorized
to issue bonds to an amount not ex-
ceeding $4,000. 10000. IN denominatio 11s
fifty years after date, with interest at
the rate OF IL per cent per annum
thereon. payable semi-annually, and rep
| resented by coupons to be attached to
ment OF the principal and interest or
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 or
one mill on the dollar, which snail De
collected the same as the other taxes
| due to the City of New Orleans and be
utdation 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 estan-
| lisf1 and administer said park, there IS
hereby created commission of seven
| citizens and tax payers. male or female,
| one from each Of the municipal dis
shall be appointed by the Mayor of the
city and confirmed by the Commits.
sion Council as soon as this amendment
is adopted; such first appotntees shan
three, four. five. SIX and seven years.
and the expiration OF each term.
their successors shall be appointed for
the full term OF seven years. and the
| nents, shall designate the term of Of
| flee Of the respective appointees. The
members of said Board shall name ana
elect their own officers and shall h,, serve y,
| Without compensation. but shall be al
lowed secretary and such clerical as
sastance as may be necessary, this TO
be determined. and the salaries fixed
and paid BY the Board of IiauadattoI
L S--.S-A so--O AA1~
| sary amounts for the other expenses
OF said Board out Of said tax.
The agails 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, ana
| retire said bonds; and If. at any. time,
ths surplus reaches such an amount
that the Board deems 1t not advisable
| to hold same longer, and 1t Is not able
TO purchase said bends at the rate
shove stated, 1t shall then have the
right to call In any OF said bonds. be-
ginning with the highest number. but
1 at not exceeding their market value.
Said bonds shall be sold az par and
accrued interest all at one time or par
| TALLY, as said Board Of Liquidation
may determine. The Board herein cEe-
aaed shall Be hnewn as the Ne New s OF
have the right TO purchase such prop
erty as may be necessary within the
limits above specified. to establish
thereon q lake front park. and to build
9 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 Isne. and 20 do
all other work necessary to accomplish
the purposes herein provided for. And
said Board shall have the right to sell
or lease any portion OF the property ae-
1 CURED 0GFGunGeFE or reclaimed as may
not be necessary for park purposes. and
| In selling same. to prescribe the cenaf-
i lions under which same shall be held
by private owners: with reference 70
and other improvements 70 be erected
| thereon. The said Board shall have
the right to lay out and pave, within
the property herein 70 be acquired.
arrange for the proper lighting thereof.
| No purchase. sale or lease shall be
made under the terms hereof without
the consent Of the H}aard of Liappida-
City OF New Orleans. or any other body
that may hereafter be IN charge Of the
affairs OF the city OF New Orleans. This
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
names exercising the same functions.
shall be ex-officio members Of the
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
rnene shall be under the supervision OF
the City Engineer. vine, however, shall
appoint one or more special deputies to
have charge of the work, same to be
selected By the Board herein created
and confirmed by the Board OF Liqsi-
datton-
Should. at any time. the Board of
Liquidation be of the opinion that by
reason Of the payment Of some of the
now outstanding obligations Of the City
Of New Orleans funds VIII come into
its hands from other p5urces not
pledged to other obligations. more than
sufficient to provide for the bonds here
In authorized. In principal and inter
est. then 1t 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
Iect such tax; but said tax shall revive
at any time should 1t become necessary
in order that the Board should have
sufficient funds to meet the interest on
the bonds and the principal, at the ma
tofore been purchased or retired as
nereanabove set forth. And said Board
of Liquidation shall determine, If it deem
1T advisable, what amount 1t shall set
Ira- f.,rd h,,k &this right IN the Beard
| shall be optional with 1t and need not
| be exercised If the other means referred
TO for retiring said bonds shall. in the
Judgment of said Board, be sufficient
10 protect the rights Of the holders
thereof.
| Should any property within the linn
tts hereinbefore specified be deemed by
the said Board advisable for the pur-
pose herein contemplated. and the Board
for reasonable and tust 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 10 receive any of
safd property by donation or bequest
under, whether by purchase. donation.
expYopriatiop or otherwise, shall be In
the name of the City of New Orleans.
Section Q Be it further reserved,
tel Io5{ %, y