The Rice belt journal. (Welsh, Calcasieu Parish, La.) 1900-19??, 1914-09-15
Act No. 278
House Bill No. 537. By Mr.. Jahncke
SOJNT RESOTT TTON


Proposing an amendment to the Constt-
tuition of the State of Louisiana rel
ative to the issuance of bonds and
the levyng of a special tax to provide
therefor by the CITY of New Orleans.
to create a lake shore park. 10 pro-
vide for the administration or the
park. and for the sale of certain
property acquired in connection there
with.
Section |. Be Il resolved by the Cen
eral Assembly of ire State of Louist-
ana twO-thrds Of all members elected
to each house COnCuTring. 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 gOr 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 ac-
curing the front of Lake POntChartrain
from what is known as West End TO
Milneberg, or such part thereof as may
be deemed necessary and advisable. as
hereinafter set forth, the City of New
Orleans be. and 1t Is hereby, authorized
to issue bonds to an amount not eX-
ceeding $4,000, 10000, in denominations
of $4,000, $4,000, 100000 payable
fifty years after date, with interest at
thereon, payable semi-annually. and rep
resented by coupons to be attached 10
said bonds; and to provide for the pay
ment OF the principal and interest or
said bonds. there is hereby levied an
nually special tax on all the property
real and personal. In the City or New
Orleans. TO the amount OF six-tenths or
one mill on the dollar. which shall De
collected the same as the other taxes
due to- the City of New Orleans and De
Immediately paid to the Board OF Lilo
uidation Of the City of New Orleans
where same shall he held separate. IN
what shall be known as the Lake
Shore Park Bond Fund" and TO esta6-
lish and administer said park, there is
hereby created a commission or seven
citizens and tax payers. male or female.
one from each Of the municipal as
trtcts of the CITY of New Orleans. VINO
shall be appointed by the Mayor or the
city and confirmed by the Commits
sion Council as soon AS this amendment
is adopted; such first appOintees 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 Tor
the full term of seven years, and the
Mayor, IN making the first appoint
ments. shall designate the term Of or
flee OF the respective appointees. The
elect their own officers and shall serve
without compensation. but shall be al
lowed secretary and such clerical as
slStanre as may he necessary this 10
be determined. and the salaries fixed
and paid by the BOARD Of Liquidation.
which shall also fix and pay tAe neces'
sary amounts for the other expenses
OF said Board out Of said tax.
The avatls of said tax In excess Of
a mr. mi
annual interest on said bonds and the
EXPENSES Of the Board as above set
forth. shall he invested by said Board
of Liquidation for account OF said fund,
or they NAV purchase. at not more than
par with said surplus at any time, and
retire said bonds: and II. at any time.
the surplus reaches snrh an amount
that the Board deems It not advisable
to hold same longer and II Ia not able
TO purchase said bonds at the rate
above stated. II 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 tire or par
TALLY, As said Board OF LiQutiation
NAV determine The BoaM herein cre-
ated shall Re known as the New Or
leans Lake Shore Park BOARD. and shall
have the right to purchase such prop
erty as may be necessary within the
limits above specified. to establish
thereon a lake front park. and to build
a sea wall and to reclaim land from the
lake hv 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
said Board shall have the right to sell
or lease any portion Of the property ac-
CURED hereunder or reclaimed as may
not be 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
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 borlevards 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 Liuuida-
tion and the Commission Council Of the
city OF New Orleans. or any other body
that may hereafter be in charge Of the
affairs Of the city Of New Orleans The
City Attorney shall be the legal advf-
sor Of the Board. The Mayor and Com
missioner of Public Property. or any
officers hereafter 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 he 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-
dation.
Should, at any time, the Board of
Liquidation 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
its 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
longer necessary, and thereupon the
City Of New Orleans shall cease to col |
lect such tax; but said tax shall revive |
ct any time, 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, II same have not here
tofore been purchased or retired as
hereinabove set forth. And said Board |
of Liquidation shall determine if it deem
1t advisable. what amount it shall set
aside annually to provide for said sink |
ing fund: but this right in the Board !