The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1914-10-10
Act No. 2.78
House Bill No. 537. BY Mr.. Jahncks.
JOINT RESOLUTION,

House Bill No 537. BY Mr. Jahneks
JOINT RESOLUTION,
Proposing an amendment to the Const1-
+ tuition of the State Of Louisiana rel
alive to the issuance OF bonds and
the levying of a special tax TO proVlds
therefor by the City OF New Orleans
to create a lake shore park, to pro
park. and for the sale of cartain
property acquired In connection there
/ with.
! Section l. BE 1t resolved by the Gen
era1 Assembly Of the state of Louislz
ana. two-thirds of all members elected
to each house concurrang, That TIE aoa-
lowing amendment to the Constitution
| of this State be submitted to the cleo
election Ror REPRESENTATIVES, In Con. Con.
! gress to be holden on the Tuesday next
/ following the First Monday in Novem-
/ Der, 1914, towtt.
Article /. That for the purpose OF ae-
| curing the front of Lake Pontchartrain
/ from what is known as West End To
| Milneberg. or such part thereon as may
be deemed necessary ana ad 1te Td as
| Orleans be. and it Is hereby, authorized
| to issue bonds to an amount not eS-
| ceeding s.. 600, 10000, in denom1nat1ons
Of $4,000, $4,000, IL, ooo. 90. payao y :
| fifty years after date, with interest at
| the rate OF 4 IL per cent per annun
thereon, payable semi-annua1y, ana rep
| resented by coupons 90 be attached TO
| said bonds: and to provide for the pay.
| rnent of the principal and interest Of
| said bonds. there Is hereby leVaea an
nually a special tax on all the properly,
| real and personal, IN the City OF New
| Orleans, to the amount Of stx-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 De
| Immediately paid to the Board Or l1q-
where same shall be held separate. IN
| what shalt be known as the Lake
| Shore Park Bond Fund" and to estah-
1ish and administer said park, there IS
hereby created commission OF seven
| citizens and tax payers. male or femaie
one from each of the municipal dis
fricts of the City OF New Orleans, VINO
city and confirmed by the Commits.
sion Council as soon as this amendment
Is adopted; such first appo1ntees shan
hold office respectively for one, two.
and 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
flee of the respective appointees. The
| members of said Board shall name and
elect their own officers and shall serve
without COMPENSATION. but shall be al
sfstanee as may be necessary. this to
De 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 cut Of said tax
The avafls OF said tax. In excess OF
the amount necessary to pay the semi
annual interest on said bonds and the
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. and
raf 51n sat hrgT do fy11 II = firrrh
the surplus reaches such an amount
that the Board deems It NOT advisable
to hold same Longer, and il is not able
70 purchase said bonds at the rate
ginning with the highest numb er. but
at not exceeding their market value.
Said bonds shall be sold 1T par and
TALLY, as 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
erty as may be necessary within the
limits above specified, to establish
thereon lake front park. and to build
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-
CURED hereunder Or reclaimed as may
IN selling same. to prescribe the condi-
tons under which same shall be held
by private owners. with reference to
the character of buildings, sidewalks
thereon: The said Board shall have
the right TO lay out and pave, within
che property heretp 70 be acquired.
streets a ave Y and boulevards. and TO
made under the terms hereof without
Che consent Of the Board of I4iquida-
ton 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 t, shall be the legal advi-
missioner Of Public Property. or any
officers hereafter created by other
names exercising the same functions,
Board, but without the right to vote
therein, but may be appointed on com
n1ittees and shall have the right TO
speak and present resolutions at any
The engineering work necessary TO
carry oat the provisions of this amend
nlent shall be under the supervision of
the Cfty engineer who, however. shall
appoint one or more special DEPUTIES IN
have charge OF the work, same to be
selected By the Board herein created
and confirmed by the Board OF Liqui-
dation.
Should at any time, the Board OF
liquidation be of the opinion that hy
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 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
that the special tax herein levied is no
longer neeessary, and thereupon the
city OF New Orleans shall cease to col
lect such tax, but said tax shall revive
at any time, should 1t become necessarv
IN order that che Board should have
SUFFICIENT funds to meet the interest on
me IN Re, noads and the principal, at the ma
turity thereof. II same have not here
tofore been purchased or retired as
hereinabove set forth. And said BOARD
OF Liquidation shall determine, If it deem
It advisable, what amount It shall SET
ing fund; but this right in the Roard
shall be optional with it and need NOV
be exercised if the other means referred
70 for retiring said bonds shall. In the
Judgment of said Board, be sufficient
70 protect the rights of the holders
thereof
Should any property within the lin
its hereinbefore specified be deemed by
the said Board advisable for the pur-
finds that same cannot pc purchased
for a reasonable ana ftlst prfca then
the City Of New Orleans shall have the
right, by appropriation proceedings, to
shall have the right to receive any Of
said property by donation or beauest
The title TO all property acquired here
under, whether by purchase, donation.
the name Of the city of Nav Orleans.
Section 2. Be it ffrrtbar rarcyvyaa