The Madison journal. (Tallulah, Madison Parish, La.) 1888-current, 1914-10-10
Act No. 278
House Bill No 537. BY Mr. Jahncke
JOINT RESOLUTION

House Bill No. 537. BY Mr.. Jahncke
JOINT RESOLUTION.
Proposing an amendment to the Consti-
tuition Of the State of Louisiana rel
atlVe 10 the issuance OF bonds and
the levying OF a special tax to provide
therefor by the City Of New Orleans.
10 create lake shore park 10 pro-
VIDE for the administration OF the
park. and for the sale of certain
property acquired in connection there
with.
Section !. BE II resolved by the Gen
eral Assembly of TIE state of Louiei-
ana. two-thirds of all members elected
70 each house concurring. That the fol-
lowing amendment to the Constitution
or this State be submitted 10 the cleo
tors or the state at the next general
election Tor Representatives in Con-
gress to be holden on the Tuesday next
following the First Monday in Novem-
Der. 1914. to-wit:
Article l. That for the purpose Of ac-
luiring the front of Lake PnntChartrain
rom what Is known as West End TO
Mllneherg. or such part thereof as may
ne deemed necessary and advisable. as
hereinafter set forth, the CITY OF New
orleans be. and il is hereby. authorized
10 issue bonds TO an amount not eX-
"eeding 81. 00o. 10000, in denominations
or 10000. $4,000. 81 GOO 90. payable
fltty years after date. with interest At
the rate or ! IL per cent per annum
lhereon. payable Semi-anrually. and rep
resented by coupons to he attached to
SAID bonds: and to provide for the paw
ment of the principal and interest of
sara ponds, there is hereby levied an
luhiiy a special tax on all the property.
zeal and personal in the CITY of New
orleans. to the amount of siX-tenths Of
'nt mil on the dollar. which shall be
objected the same as the other taxes
lue to the City OF New Orleans and be
Immediately paid to the BOARD " Lilo
n
where same shall he held separate. in
What shall he known as the Lake
Shore Park Bond Fund" and 70 eStab-
.ISh and administer said park, there is
'treoN created a commission OF seven
QUEENS and tax Payers. male or female
one from each OF the municipal dis
rlcts of the city of New Orleans. who
snail he appointed by the Mayor Of the
Guy and confirmed by the Commits
SION council as soon as this amendment
IS adopted; such first appointeeS shall
nold office respectively for one, two.
three four. five. SIX and seven years.
ana the expiration of each term.
their successors shall be appointed for
the full term of seven years. and the
Mayor. In making the first appoint
ments. shall designate the term of Of
1lce or 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
NiStdHCc dS may ne necessary, lnlS 10
be determined. and the salaries fixed
and paid by the Board of Liquidation.
which shall also fix and pay the neces-
sary amounts for the other expenses
OF said Board out OF said tax.
The avails OF said tax. IN excess OF
annual interest on said bonds and the
expenses of the Board as above set
forth. shall be invested by said Board
or 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 II. at any time.
the surplus reaches such An amount
that the Board deems II 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 anv Of said bonds. he
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 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 a lake front park. and to build
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 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 ac-
not be necessary for park purposes. and.
In selling same. to prescribe the condi-
lions under which same shall he held
by private owners. with reference to
and other improvements TO he erected
thereon. The said Board shall have
the right TO lay out and pave. within
the property herein TO be acquired
streets. avenues and boulevards. and to
arrange for the proper lighting thereof.
No purchase. sale or lease shall be
made under the terms hereof without
the consent of the Board of I.iquida-
tion and the Commission Council of the
city of New Orleans. or any other body
that may hereafter be in charge of the
AFFAIRS of the city of New Orleans. The
City Attorney shall be the legal advi-
missioner of Public Property. or any
officers hereafter created by other
names exercising the same functions.
shall be ex-officio members of the
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 shall be under the supervision OF
the City Engineer. who. 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 Liqui-
dalton.
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 will come into
itS hands from other
pledged to other obligations. more than
sufficient to provide for the bonds here
in authorized. in principal and inter
est, then II 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 II become necessary
in order that the Board should have
sufficient funds TO meet the interest on
turity thereof. II same have not here
tofore been purchased or retired as
set forth. And said Board
Of Liquidation shall determine, IL II deem
aside annually to provide for said sink
ing fund: but this right in the Board
shall be optional with IL and need not
be exercised II 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
its hereinbefore 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 receive any OF
dtfnafinn