St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1914-09-05
Secretary Of state.
ACT NO. 278

electeO 10 each house cOncurring
That the following amendment to thu
Constitution of this State be submit
ted to the electors of the State al
the next general election for repre-.
|sentatives in Congress to be holder
on the Tuesday next following the
first Monday in November, 1914, to.
wit:
| Article 1 That for the purpose
LOT acquiring the front of Lake Pont-
chartrain from what is known as
West End to Milenburg, 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 exceeding
SO, 00O,0 100000, in denominations OF
$4,000, $4,000, 100000, payable
fifty years after date, with interest
at the rate of 4 LIZ per cent per an
mum thereon, payable semi-annually,
and represented by coupons to be at
tached to said bonds; and to provide
for the payment of the principal and
interest of said bonds, there is here
Thy levied annually special tax on
all the property, real and personal,
in the city of New Orleans, to the
amount of six-tenths OF enc mill on
the dollar, which shall 40 collectel
the same as other taxes due to the
city of New Orleans and be immedi-
ately paid to the Board of Liquida
ton of the city of New Orleans where
same shall be held separate, in what
shall be known as the Lake Shore
Park Fund.-" and to establish and
administer said park, there is hereby
Icreated commission of seven citi-
zens and taxpayers, male or female,
one from each of the Municipal Dis
'tricts of the city of New Orleans, who
shall be appointed By the Mayor of
the city and confirmed by the Com
mission Council as soon as this
amendment is adopted; such first APP
4pointee shall hold 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 full terms CT
seven years, and the Mayor, in max
ing the first appointments, shall des-
ignate the term of Office of the re-
spective appointees. The members
of said Board shall name and elect
their own officers and shall serve
without compensation, but shall be
allowed q secretary and such clerical
assistance as may be necessary, this
to be determined, and the salaries
fixed and paid by the Board of L:qui-
dation, which shall also fix and pay
the necessary amounts Tor the other
expenses OF SAID BOARD out ol Sd u
tax.
The avails- OF said tax, IN excess OF
the amount necessary TO pay~the semi,
annual interest on SAID Donds anu
the expenses OF the BOARD as ABOVE
set forth, shall be invested py sala
Board OF Liquidation 1or account oi
said fund, or they may purchase
at not more tnan par, W1th salu SUI
plus at any time, ana retlIe salu
bonds; and II, at any time' the SUI
plus reaches sucn an amounl anas
the Board deems " not aaV1sapie W |
hold same longer, ana II Is not aD.e
to purchase said Donds AT the la.e
above stated, II snan tneh nave .ne
right to call IN any OF sa4u polus'
beginning with the n1gnest NUMBER
but not exceeding their market value.
Said bonds shall be sold at par ana
accrued interest all at one lime OF
partially, as SAID BOARD o. Asquiua
ton may determine. me DoaIu
herein created snal De known as ene
New Orleans Lake Shore ParK BOARD,
and shall have the right to purchase
such property as may ne necessary
within the limits above specineu, 70
establish thereon lake front PARK /
and to build sea wall ana TO re-
claim land from the lake Dy extend,
Ing the sea wall into the lake anu
filing the space between same ana
The present shore line, ana 10 90 ~
other work necessary 70 acconp t
The purposes herein PROVIDED lot. i
And said Board shall nave the risn.
to sell or lease any portion Vi tne
property acquired hereunder OF re-
claimed as may not De necessary Ior t
park purposes, ana IN seI4ne sanie,
to prescribe the conditlohs unuei
which same shall be held oy private
owners, with reference to the cnalr,
acter OF buildings, sidewalks anu
other improvements 70 De erected
thereon. The said Board snail na.e /
The right to lay out anu pave, W..nin
The property herein 10 pe acluileu,
streets, avenues ana DouisvaIus, anu
TO arrange for the proper hentlns
thereof. NO purchase, ssle OF le.sss
shall be maze unoeI ING ,eil nsa n -
without the conseht q ene Dua a.a; ~ =,
Liquidation ana tue ol n4s
Council OF the CITY VI NeW vi
" any otneT Douy lna. na -. - +