Lower coast gazette., 1914-09-05

For the New Orleans Public School
Bonds Amendment; and the words
Against the New Orleans Public School
Bonds Amendment y; and each elector
| shall Indicate his vote on the proposed
amendment as provided by the general
election laws of the State.
L. l.. THOMAS,
Speaker Of the House of Representatives.
THOMAS G. BARRETT,
| Lieutenant Governor and President Of the
Senate.
! Approved: July 8, 1914.
l.. L. HALL,
Governor of the State of Louisiana.
a true copy:
ALVIN Il. IIEBERT,
Secretary Of State.
ACT NO. 27S
House Bill No. 537. BY Mr.. Jahncke
JOINT Resolution
Proposing an Amendment to the Con
stitution Of the State of Louisiana rela-
tive to the issuance of Bonds and the
leyying OF a special tax 10 provide
therefor 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 ac-
duired in connection herewith.
Section l. Be it resolved, by the Gen
eral Assembly Of the State Of Louisiana,
| two-thirds of all members elected to each
house concurrins, that the following
amendment to the Constitution of this
state 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 l.. That for the purpose OF
acquiring the front of Lake Pontciartrain
from what is known as West End to
Milneburg, or such part thereof as may
be deemed necessary and advisable, as
hereinafter set forth, the city of New
Orleans be, and it is hereby, authorized
to issue bonds to an amount not exceed
ing $1,000, 100000, in denominations OF
$4,000, $4,000, 100000, payable fifty
years after date, with interest at the
rate of 4 1/2 per cent per annum thereon,
payable ~semi-annually, and represented
by coupons to be attached to said bonds
and to provide for the payment of the
principal and interest of said bonds, there
is hereby levied annually a special tax
on all 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 collected the same as the other
taxes due to the city of New Orleans and
be Immediately 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 ere
ated a commission of seven citizens and
taxpayers. 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 Commission Council as soon as
this amendment is adopted: such first
appointees shall hold Office respectively
for one, two, three, four. five, six and
seven years, and at the expiration OF each
term. their successors shall be appointed
for the full term of seven years, and the
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 then
own officers and shall serve without com
pensation, but shall be allowed a secre'
tary and such clerical assistance as may
be necessary, this to be determined, anc
the salaries fixed and paid by the Boarc
of Liquidation, which shall also fix ant
pay the necessary amounts for the othel
expenses of said Board out of said tax.
The ayails of said tax, in excess o.
the amount necessary to pay the semi
annual interest OH said bonds and the
expenses of the Board as above set forth
shall be invested by said Board of Liqui
: dation for account of said fund, or they
may purchase, at not more than par
with said surplus at any time, and re
tire said bonds; and if, at any time TIM
surplus reaches such an amount tina
the Board deems it not advisable
to hold same longer, and it is mo-
able to purchase said bonds at thu
rate above stated, it shall then have TIM
right to call in any of said bonds, begin
ming with the highest number, but a
not exceeding their market value.
Said bonds shall be sold at par ant
accrued interest all at one time or par
TALLY, as said. Board Of Liquidation ma!
determine. The Board herein created
shall be known as the New Orleans Lake
Shore Park Board, and shall have the
right to purchase such property as ma!
be necessary within the limits above specl
fed. to establish thereon a lake front
park and to build a sea wall and tt
reclaim land from the lake by extending
the sea wall into the lake and filling
the space between same and the presen,
shore line, and to do all other work neces,
sary to accomplish the purposes herein
provided for. And said Board shall have
the right to sell or, lease any portion
of the property acquired hereunder OF
reclaimed as may not be necessary fol
park purposes. and, in selling sane, t.
prescribe the conditions under which
same shall be held by private owners
with reference to the character OF guild
ings. sidewalks and other improvements
to be erected thereon. The said Boart
shall have the right to lay ont and pave
within the property herein to be &C
auired, streets, avenues and boulevards
and to arrange for the--proper lighting
thereof. No purchase, sale or lease shall
be made under the terms hereof with.
out the consent of the Board of Liqui.
dation 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 lega1
advisor of the Board. The Mayor and
Commissioner of Public Property, OF
any officers hereafter created by other
names exercising the same functions, shall
be ex-oficio members Of the Board, but
without the right to vote therein, but
may be appointed or committees and
shall have the right to speak and present
resolutions at any meeting of the Board
The engineering work necessary to
ment shall be under the supervision OF
the City Engineer, who, however, sinai
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 Liquidation
Should, at any time, the Board of Llqul,
dation be of the opinion that, by reason
of the payment of some of the now ont,
standing obligations of the city. Of New
Orleans, funds will come into its hands