The Caldwell watchman. (Columbia, La.) 1885-1946, 1914-10-09
Act No. 278
House Bill No SGT. BY Mr.. Jahrcks
JOINT RESOLUTION,


alive to the issuance Of bonds an
the leVylng OF a special tax to provid
therefor by the city Of New Orleans
TO create lake shore park to pro
Vlde Tor the administration OF tn
park. and for the sale OF certain
| property acquired in connection there
with.
eral Assembly or TIE state OF I,ouisi
ana, two-thfrds of all members eiecta,
TO each house cOnCurrine That the fol
lowing amendment to the Const,tuttor
OF this State be submitted 70 the cleo
tors OF the State at the next genera
election Tor Representatives In Con
gress to be holden on the Tuesday mex
following the First Monday in Novem
Der, 1914, to-wit:
Article l. That for the purpose Of ac.
curing the front Of Lake Pontchartrair
from what is known as West End n
| Mllneperg. or such part thereof as NAV
be deemed necessary and advisable. as
hereinafter set forth, the City Of New
Orleans be. and 1t Is hereby, authorized
ceedlng s3,0OO,OOO.O0, in denominations
Of $4,000, $4,000. 100000, payable
| flfty years after date with interest at
the rate OF l-2 per cent per annnm
thereon payable semi -annually, and rep
resented by coupons to be attached to
said oonds: and to provide for the pay
ment OF the principal and interest OF
said BONDS there is hereby levied an
nuaiiv special tax on all the property.
Leai ana personal. in the City OF New
OiieahS. TO the amOunt"of SIX tenths Of
one mill on the dollar. which shall be
ssoilected the same as the other taxes
que 10 the City of New Orleans and be
uuatlon OF the City OF New Orleans.
Where same shall he held separate, In
~nat shall be known as the Lake
Shofe fark Bond Fund" and to estab
,ish and administer said park, there is
l,uieoy created commission OF seven
o.'INehs and tax payers. male or female.
one from each of the municipal dis
trlcts OF the City of New Orleans. who
shall be appointed by the Mayor Of the
Guy and confirmed by the Commits
SION council as soon as this amendment
is adonted such first appointees shall
.olo offlce respectively for one. two,
e ,our' i've. six and seven years,
we. .Ielr successors shall be appointed for
me lnil term Of seven years. and the
MAYOR IN making the first appoint
menus snail designate the term Of Of.
nee or the respective appointees The
mem bers OF said Board shall name and
eler. the'r own Officers and shall serve
wlthout compensation but Shall be al
lowed secretary and such clerical as-
issuance as may be necessary, this to
De determined. and the salaries fixed
shd paid by the Board OF Liuuidation
Hhlch snail also fix and pay the neces-
kary amounts for the other expenses
OF said Board out Of said tax.
\, The avails OF said tax. in excess Of
tne amount necessary to pay the semi
expenses Of the Board as above SET
Iortn. snail be invested by said BOARD
or Liquidation for account Of said fund,
or they may purchase. at not more than
par with said surplus at any time. and
retire said bonds: and H. at any time,
the surplus reaches such an amount
mat the Board deems 1t not advisable
TO hold same longer, and II is not able
70 purchase said bonds at the rate
above stated 1t shall then have the
right to call in any Of said bonds, be-
ginning with the highest number. but
at not exceeding their market value.
Said bonds shall be sold at par and
accrued interest all at one time or par
may determine The Board herein cTe.
ated shall be known as the New Or
ieans Lake Shore Park Board, and shall
nave the right to purchase such pror-
erty as may be necessary within the
units above specified to establish
thereon lake front park. and to build
- go wan tIlt " IeCla1fn lann from the
lake by extending the sea wall into the
lake and Filling the space between same !
ana me present shore line. and to do |
an 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 sc- |
CURED hereunder or reclaimed as NAV
not be necessary for park purposes. and, |
IN selling same. to prescribe the condi- |
lions under which same shall be held |
ny private owners with reference to |
the character OF buildings, sidewalks |
and other improvements to be erected |
thereon. The said Board shall have |
the right to lay out and pave. within
the property herein to be ACQUIRED.
streets. avenues and boulevards. and TO |
arrange for the proper lighting thereof.
No purchase, sale or lease shall be
made under the terms hereof without
the consent OF the Board of Eluuida-
City of New Orleans or any other body
that NAV hereafter be in charge Of the
affairs Of the city OF New Orleans, ri.
City Attorney shall be the legal advi-
sor OF the Board The Mayor and Com
missioner of Public Property, or any
Officers hereafter created by other
shall be ex-officio members of the
Board. but without the right to vote
therein. but may be appointed on com
mittees and shall have the right 70
speak and present resolutions at any
meeting of the Board.
The engineering work necessary to
carry out the provisions Of this amend
ment III be under the supervision Of
the & Engineer, who. however, shall
appoint one or more special deputies to
have charge Of the work, same 10 Re
selected by the Board herein created
and confirmed by the Board Of Liqui.
da ton
Should. at any time. the Board Of
reason Of the payment OF some Of tho
now outstanding obligations Of tho 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 1t may. by resolution. declare
that the special tax herein levied Is no
longer necessary. and thereupon tho
City Of New Orleans shall cease to col.
lect such tax; but said tax shall revive
1t any tine. should 1t become necessary
In order that the Board should have
sufficient funds to meet the interest on
the bonds and the principal, at the ma.
turity thereof If same have not here.
tofore been purchased or retired al
hereinabove set forth. And said Board
Of Liuuidat ton shall determine, If It deem
L advisable: what amount it shall set
aside annually to provide for said sink.
Ing fund hut this right in the Board
shall be optional with 1t and need not
be exercised II 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.
ts hereinbefore specified be deemed by
he said Boam advisable for the pur
,ose herein contemplated. and the Board
'inds that same cannot be purchased
a. nnhl md Inc |