The Natchitoches enterprise., 1914-09-10
Act No. 278
House Bill No 537 BY Mr. Jahncre.
JOINT RESOLUTION,

JOINT RESOLUTION,
proposing an amendment to the Consti
tuition of the State of Louisiana rel
atlNe to the issuance of bonds anC
the leNEirg ct a special tax to provide
therefor by the city of New Orleans
u create lake shore park. to pro
va" for the administration of ths
PARK. and for the sale of certain
property acquired in connection there
with
Section l. BE 1t resolved by the Gen
eFaI Assembly of tie state of LouiSi-
ana. t'To- thirds of all members elected
70 each house, concurring. That the fol
IoW1jC amendment to the Constitution
of this state be submitted to the cleo
tors Of the State at the next general
election H"r Representatives in Con-
gress to be holden on the Tuesday next
following the First Monday In N0vem-
Der, 1914. to-wit:
Article |. That for tho purpose of ac-
Qnirne the front of Lake Pontchartrain
from what is known as West End to
MlIneherg or such part thereof as may
De 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 eX-
ceeI!rS S2.0Go.o0o.h0, in denominations
OF 10000, $4,000. 81 .000 90. payable
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
Fali ton6S: and to provide for the pay
m 1t Of the principal and interest OF
sad bonds. there is hereby levied an
hN&IiY a special tax email the property,
ftai and personal, IN the City of New
'FlHaHS. 20 the amount of SiX-tenthS or
one Ullt un the dollar which shall be
collected the same as the other taxes
Que 70 the City of New orleans and be
Immediately paid to the Board of Liz
ul'ation Of the city of New Orleans
where same shall he held separate, in
ln
shore Park Bond Fund" and TO estab-
l1Sh and administer said park there is
hereby created a commission OF seven
citizens and tax payers. male or female
one from each of the municipal dis
tricts of the city of New Orleans. who
snail he appointed by the Mayor of The
city and confirmed by the Commits
SION Council as soon as (hiS amendment
Is aaonted, such first appointeeS shall
hoid office respectively for one, two.
three four. five, six and seven years,
and the expiration of each term,
Their successors shall be appointed for
the fun term of seven years. and the
Mayor. in making the first appoint
ments. shall designate the term OF Of
tlEe OF the respective appointees The
members OF said Board shall name and
eject their own officers and shall servo
without compenSa ton. but shhit I've al
lowed a secretary ana such clerical as
stance may he necessary. this to
be determined. and the salaries fixed
ard raid 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
the amount necessary to pay the semi
annua! interest on said bonds and the
expenses of the BOARD as above set
forth. shat he invested ny said Board
Of t-t"uldat:On for account of said fund,
or they NAV purchase. at not more than
TAR. with said surplus at any time. and
retire said bonds: and if. at any time,
the surplus reaches such an amount
tiat the Board deems it not advisable
to hold same longer. and ii is not able
n purchase said bonds at Fle rate
above stated it shall thnr nave the
right to call in any of SAID bonds. he
ginning with the highest number. but
at not eXceediuS their market value.
S4la ponds snail be sold at par and
accrued interest all at one time or par
TALLY, said Board of Liquidation
may 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 proa-
erty as may be necessary Within the
limits above specified, IA establish
thereon lake front ns&Sk and TO build
a sea walt ana "a reclaim hand from the
lake by SEGending the sea wall into the
Iahe and tilliug tho space between same
AMI 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 prOpeTtT &C
CURED hereunder or reclaimed as NAV
not be necessary for r.rk purposes. AM.
in selling ,sama. 70 prescribe the condi-
tons under which same shall be hello
by private owners. with reference TO
the character of buildings. sidewalks
ana other improvements to he erected
thereon. The said Board shah have
the right TO lay out and pave. within
the property herein to be ACQUIRED
streets, avenues and boulnvards and to
arrange for the proper lighting thereof
M purchase. sale or lnasn shait he
made under the terms here.,r without
the consent of the BOARD of Liquida-
ton and the Commission Council of the
CITY of New Orleans or am other hnay
q fairs of the city of New Orleans. The
City Attorney shall be the legal advi-
SCR Of the hoard The Mayor and Com
I'fesiener CT Public Property or anv
r.,~--s exercising the same functio7c
shall Ae eX-officio members g? the
Board, but without the ricFG to- vote
therein but NAV he Amounted On com
sreak and present resolutions at any
meeting Of the Board.
The engineering work necessary 10
carry ont the provisions of this amend
ment ssa1i be under the supervision Of
the City Engineer. VINO, however. shall
appoint one or more special deputies to
nave charge Of the work, same to be
selected by the Board herein created
and. confirmed by the Board of Liqui-
datfon.
should. at any time. the Board OF
Iiquida ton be of opinion that by
reason Of the payment of some OF the
now outstanding obligations or the City
of New Orleans, funds will come into
it's hands from other sources not
pledged to other obligations, more than
sufficient to provide for the bonds here
in authorized, In principal and inter-
est then it may by resolution, declare
thnt 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 it become necessary
sufficient funds TO meet the interest on
the bonds and the principal at the ma
turity thereof, if same lfave not here
tofore been purchased or retired as
of Liquidation shall determine, if il deem
It advisable what amount il shall set
aside annually to provide FOR said sink
ing fund; but this right i'm the Board
shall he Optional with ii and need MOI
be exercised if the other means referred
10 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 lin.
its hereinbefore specified he deemed nv
the Said Board advisable for the pur-
rose herein contemplated, and the Board
finrFS that same cannot be purcha eed
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
81 all have the right to receive any OF
Faii property by DINA ton or beduest
The title to fall property acquired here
under, whether by purchase. donation.
appropriation or otherwise shall be in
the name of the City or New Orleans
Section 2 BE II further resoryed