Lower coast gazette., 1914-09-12

r the use tneTeOl. Anu al
the Constitution in conflict herewith Di
e to this extent repealed, and Act. -. Ps
1914, entitled AN Act to Define MO- TO
" Vehicles ETC., is ratified ana APP of
tn
Section Is. Be it further enacted, etc, pc
hat on the official ballot to be used IN p;
,id election, shall be placed the words, l.
the Amendment Licensing Automo- W
lies" and the words Against the Amend ir
lent Licensing Automobiles" and each IN
lector shall indicate his vote on the pro
osed amendment as provided TOR by the l
,eneral Assembly laws of this State. a
l.. Z. THOMAS, y
of the House Of Representatives. D
THOMAS G. BARRET, =
Governor and President OF the "
Approved: July 9t1914: !
L. e. HALL, 1t
Governor Of the State of Louisiana. c
true copy: {
ALVIN e. HEBERT, {
Secretary of State. {
ACT NO. 262.
House Bill No. 613. By Mr.. Generelly
AN ACT
Authorizing the Board of Directors OF the
Public Schools of the Parish OF Or-
leans to issue Two Million Dollars OF
Bonds for the purpose of acquiring
school sites, constructing school build
ings and their appurtenances in the Cly
of New Orleans: to provide the terms
and conditions under which said bonds
shall be issued and sold, and the secu,
rity for the payment OF the principal
and interest thereof; to define the du-
ties of the Board of Liquidation, City
Debt in connection with the issuance
and sale of said bonds, the payment
of the principal and interest thereon,
and the retirement thereof TO prescriDe
the duties and obligations OF the Clty
of New Orleans in connection with the
reimbursement of the Board OF Dlrec-
tors of the Public Schools for the Parish
of Orleans by certain annual payments
and to define the method and manner
in which the proceeds, OF SAID Donds
shall be employed and disbursed.
Section l. Be it enacted by the Gen
eral Assembly of the State Of Louisiana,
two-thirds of all the members elected to
each house concurring, That subject to
the ratification of the people OF the State
of Louisiana, by an amendment to the
Constitution of the State, hereinafter
, submitted to them, the Board of Direc
tors of the Public Schools for the Parish
i, of Orleans, of the State Of Louisiana, Il
: hereby authorized and empowered to lssu'
o bonds not TO exceed two million dollar
(S2, OOO,O 100000 in amount, to be date
January /, 1915, bearing five per cen
d (5%o) per annum interest, payable SEM
v annually. the principal Of which shall b
PAYABLE in forty (40) annual install
ments of fifty thousand dollars 900
10 OOO) each, payable on the first day G
January in each of the years 1916 to an
It including 1855, respectively, as herel1
ID after set forth.
J. Said bonds shall be made payable
bearer, and shall be styled Public Scho'
e. Bonds, City of New Orleans and Parls
I'd of Orleans"
~ Said bonds shall be of the denomin
" ton of one thousand dollars each, exec!
that at the option of any bidder, to
Is. indicated in and as a part OF his bl
" bonds of the denomination of five hu
ly dred dollars may be issued to such bid
if successful.
&; The principal and interest of said bon
au, shall be payable in gold coin of the Unit
~ States equal to the present standard
weight and fineness, or same may be
~ pressed in pounds sterling or in fra
pe and at such arbitrary rate of exchan
; -, as said Board of Liquidation, City DE
ne may determine.
.nd Said bonds shall be Signed by. the pre-
..1 dent and secretary, respectively, OF
". Board of Directors o .the Public Scno
l Jus for the Parish of Orleans land shall
nc countersigned by the president, or
of the vice-presidents, and the secret
ole of the Board of Liquidation, City ID
~ The interest on said bonds shall
evidenced by interest coupons attac
'tc., thereto bearing the fac-simile slgnatl
give of the secretary of the Board of Direct
the of the Public Schools for the Parish
With Orleans and the Secretary Of the 30
usi- of Liquidation, City Debt, respectiy
rety and shall be payable on the first day.
arge July and January, respectively, in G
coed wear: said interest shall be payable
arge the CITY of New Orleans and in {
/. other cities as the Board OF Llqulda'
the City Debt, may determine, upon sur
orm- der and cancellation of the sald res
his tive interest coupons provided, howe
de- that such cities shall be designated by
ands Board of Liquidation, City Debt. and
the nounced in the advertisement calling
the competitive bids; and provided, FUR
light that the principal of said bonds sha
payable only in the City of New
such leans, State of Louisiana.
sary, Said bonds may be registered AM
mess leased from registry under such rules
pro- regulations as the Board OF Llqulda
shall CITY Debt, may determine; shall 81
{ the empt from taxation, State, parish
entail municipal. shall be a legal invest
I and for the tutors of minors and cur
shall of. interdicts; and shall be receive
e by security for public deposits OF the
! the of Louisiana or any political subdl'
surer thereof.
CITY Section g. Be it further enacted,
said That as soon as constitutional autl
funds for the issuance of said bonds shall
funds. been obtained. the Board Of Dir.
h-way Of the Public Schools for the FAR
J. bro Orleans shall, by resolution adopt
!, sal a majority of the members tnere
ID ten regular or special meeting called To-
The IL purpose, call upon the Board OF VI
,isions ton, City Debt, to advertise for tn
.of said bonds. When so called up
i. etc. shall be the duty of the Board OF
High dation, City Debt, to advertise SAID
for sale IN the offlcial Journai ~ J.
t shall Of New Orleans and in such other
roads, papers in financial centers as the
in ac- of Liquidation, City Debt, may dete
Said advertisement snail appear on \
lprove- of said newspapers for thirty t5O
the Immediately. preceding, the date ~
,ligated the receipt Of sealed bid or pfupos
to any the highest bidder who snall na.
piled with the terms and, coha!tls
acque- out by the Board of Liquidation
5 under Debt, in the advertisement Tor saiu,
e reim- provided that no sale of SAD Dohc
of the be made unless all of said issue
int rea- and unless the a~yerage.pr ootai
front NJ tho different maturitieS shall q