St. Tammany farmer., 1914-09-26
Secretary Of State.

~ Secretary Of State.
/ ACT NO. 27S.
y House Bill No. 537 BY Mr.. Jahnck
? JOINT RESOLUTION.
!, Proposing an Amendment to the Con
t stltution of the State of LouisIan
relative to the issuance of Bond
and the levying of q special ia
! to provide therefor by the City o
New Orleans, to create a lake shor
park, to provide for the admins
) tration Of the park, and for tn
sale Of certain property acquire,
7 in connection Herewith.
Section l. Be it resolved, by tn
, General Assembly Of the State of Lou
isiana. tw0-thirds of all member
elected to each house concurring
That the following amendment to tn,
Constitution Of this State be submit
ted to the electors of the State q
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:
i Article 1. That for the purpose
of acquiring the front Of Lake Pont.
chartrain from what is known a
West End to Milenburg, or such part
thereof as may be deemed necessary
land advisable, as hereinafter sci
forth, the city Of New Orleans be-
and 1t is hereby authorized to issue
bonds to an amount not exceeding
4 3,0OO,0OO.O0 In denominations OF
$4,000, $4,000, 100000, payable
fifty years after date, with interest
at the rate of 1-2 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 boL,..;, there is here
by levied annually special tax on
all the property. real and personal.
in the city Of New Orleans, to the
amount of six-tenths of one mill on
the dollar, which shall be collected
the same as other taxes due to the
lefty Of New Orleans and be immedi-
ately paid to the Board of LiQuida-
tion 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
created a comm sion 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 ap-
pointee 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 of
seven years, and the Mayor, in maxi
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 a secretary and such clerical
assistance as may be necessary, this
to be determined, and the salaries
fixed and paid by the Board Of Liqui-
dation. which shall also fix and pay
the necessary 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
annual interest ON said bonds and
the expenses. Of the Board as above
set 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 sur
plus at any time, and retire said
bonds; and IL, at any time, the sur
plus reaches such an amount that
the Board deems it not advisable to
hold same longer, and it is not able
to purchase said bonds at the rate
above stated. 1t shall then have the
right to call in any Of said bonds,
beginning with the highest number,
but not exceeding their market value.
Sid bonds shall be sold at par and
accrued interest all at one time or
partially, as said Board of L.quida-
lion may determine. The Board
herein created shall be known as the
New Orleans Lake Shore Park Board, |
and shall have the right to purchase |
such property as may be necessary I
within the limits above specified, to I
establish thereon lake front park, i
and to build q sea wall and to re-
claim land from the lake by extend t
ing the sea wall into the lake. and +
6lling the space between same and I
The present shore line, and to do all /
other work necessary to accomplish /
The purposes herein provided Tor. /
And said Board shall have the right !
10 sell or lease any portion of the
property acquired hereunder or re- +
Stained as may not be necessary for
park purposes, and in selling same,
ID prescribe the conditions under
which same shall be held by private /
owners, with reference to the chair +
acter of buildings, sidewalks and
other improvements to be erected |
.hereon. The said Board shall have
he right to lay out and pave, within I
he property herein to be acquired,
streets. avenues and boulevards. and
% arrange for the proper lighting
hereof. No purchase, sale or lease
hall be made under the terms hereof
without the consent of the Board OF
and the Commission
Council OF the city OF New Orleans.
" any other body that may here 7
lfter be in charge OF the affairs OF
he city Of New Orleans. The City
attorney shall be the legal advisor
II the Board. The Mayor and Com
missioner Of Public Property, or any
,ficers hereafter created by other
names exercising the same functions,
hall be ex-officfo members Of the
DO I'd h,,+ wifhonf the right tn vote