The Natchitoches enterprise. (Natchitoches, La.) 1888-1965, 1914-09-24
act No. 27S
House Bill No. 637. BY Mr.. Jahncke
JOINT RESOLUTION,


Proposing an amendment to the Consti-
| tuition of the State of Louisiana rel
ative to the issuance of bonds and
the l"Nyin@ of a special tax to provide
| therefor by the City of New Orleans,
| to create a lake shore park, to pro-
! vide for the administration of the
| park, and for the sale of certain
i property acquired in connection there
| with.
Section | BE 1t resolved by the Cen
| eral N"@ambiy of TIE State of Louisi-
| arr. t'"H>thirIs of all members elected
| to each nou"a concurrng. That the fol-
| lowing amendment to the Constitution
| of this state be Submitted to the cleo
! tors Of the State at the next general
: election FOR Representatives in Con-
| gress to be holden on the Tuesday next
| following the First Monday in Novem-
| Der. 1914, to-wit:
Article l. That for the purpose of &C
| curing the front of Lake POntChartrain
| from what is known as West End to
Milne5erg. or such part thereof as may
| be deemed necessary and advisable, as
| hereina ter set forth, the City OF New
| Orleans be. and it is hereby, authorized
! to issue bonds to an amount not eX-
ceeding $4,000, 10000, in denominations
| of 10000, $4,000, 100000 payable
| fifty years after date, with interest at
! the rate of IL per cent per annum
| thereon, payable semi-annually, and rep
| resented by coupons to be attached 10
| SAID bonds: and to provide for the pay
| HPhl OF the prlnclpal ana interest VI
| sai6 bonds. there is hereby levied an
| nualy a 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 pc
| collected the same as the other taxes
| due to the City of New Orleans and De
Immediately paid to the Board OF LID
uldation of the City of New orleans
where same shall be held separate, IN
what shall be known as the Lake
| Shore Park Bond Fund" and to estaD-
fish and administer said park, there Is
hereby created a commission or seven
citizens and tax payers, male or 1emale'
one from each of the municipal ais
trfcts of the City of New Orleans, VINO
snail be appointed by the Mayor OF the
city and confirmed by the Commls
sion Council as soon as this amendment
is adopted; such first appointees snail
hold office respectively for one, two.
| three. four. five. six and seven years,
and the expiration of each term I'm.
| their successors shall be appointed Tor
! the full term of seven years, ana tne
Mayor. in making the first appoint
ments, shall designate the term of Of
| 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
| lowed a secretary and such clerical as
! ststance as may he necessary, this TO
/ be determined. and the salaries fixed
| and raid by the Board of LIQUIDATION
which shall also fix and pay the neces-
|
| 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
1 par. with said surplus at any time, and
| retire said bonds: and if. at any time,
the surplus reaches such an amount
|
| to hold same longer. and it is not able
| to purchase said bonds at ME rate
| above stated. it 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
NAV navy determines nf The BOARD herein cre
| ated shall be known as the New Or
| leans Lake Shore Park Board. and shall
| have the right to purchase such prop
| erty as NAV be necessary within the
| limits above spectffed. to establish
| thereon a lake front park and to build
a sea wall and to reclaim land from the
| 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
SAL Board shall have the right to sell
or lease any portion of the property ac
quired hereunder or reclaimed as NAV
not he necessary for park purposes, and,
In selling same. to prescribe the condi
tons under which same shall be held
by private owners. with reference TO
tho character of buildings. sidewalks
an! other improvements to be erected
thereon. The said Board shall have
tho right to lay out and pave, within
the property herein to be acquired,
str cts. avenues and houlevards. end to
ar~an9e for the proper lighting thereof.
No purchase, sale or lease shall be
do ND fhn forO until hon
tho consent of the Board of Liouida-
tion and the Commission Council of the
{ itr of New Orleans. or any other body
that NAV heraa fter be in charge of the
affairs of the city of New Orleans. The
CITY Attorney shall he the legal advi-
sor Of the Board The MAYOR and Com
missioner of Public Property, or any
Officers hereaf ter created by other
names exercising the same functions,
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 to
speak and present resolutions at any
meeting of the Board.
The engineering work necessary to
carry out the provisions of this amend
ment Shall be under the supervision of
the City Engineer. who, however, shall
appoint one or more special deputies to
have charge of the work, same to be
selected by the Board herein created
and confirmed by the Board of Liqui-
dalton.
Should, at any time. the Board of
Linuida ton be of the opinion that by
reason of the payment of some of the
now outstanding obligations of the 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 it may, by resolution, declare
| that the special tax herein levied Is no
| longer necessary, and thereupon the
| CITY Of New Orleans shall cease to. col
at any time. should it 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 as
| hereinabove set forth. And said Board
| of LIQUIDATION shall determine, If it deem
| aside annually to provide for said sink
| ing fund; but this right in the Board
| shall be optional with 1t and need not
| be exercised If the other means referred
| to 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 linn
| its hereinbefore specified be deemed bv
the said Board advisable for the pur-
pose herein contemplated. and the Board
! finds that same cannot be purchased
| for a reasonable and just price. then
| the City of New Orleans shall have the
| acquire said property: and said Board
| shall have the right to receive any OF
| said property by donation or bequest
| The title to all property acquired here
under whether by purchase. donation,
| expropriation or otherwise shall be in
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