The Caldwell watchman. (Columbia, La.) 1885-1946, 1914-09-25
Act No. 278
k1oose Bill No. 637. BY Mr.. Jahncke.
JOINT RESOLUTION

Or
W ~ create a lake shore park to pro-
Vloe FOR the administration Of the
PARK and for the sale Of certain
with.
eectlon l. Be It resolved by the Cen
erat Assembly of TIE state of Iouisi-
ana, two-thirds Of all members elected
70 each mouse concurring That the fol-,
lowing amendment to the Constitution
of this state be submitted to the cleo
tors or the State at the next general
erection For Representatives in Con-
gfess TO be holden on the Tuesday next
tolloWlng 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
M1ineberg. or such part thereof as may
pe deemed necessary and advisable. as
hereinafter set forth. the City of New
orleans be- and it is hereby authorized
10 issue bonds to an amount not ex-
ceeolng $4,000, 100000, in denominations
or 10000, $4,000, 81 600 90. payable
fifty years after date with interest at
the rate OF - per cent per annnm
thereon, payable semi annually and rep
resented by coupons to be attached to
SAID bonds and to provide for the pay
ment OF the principal and interest or
SAD bonds, there is hereby levied an
real and personal, in the City Of New
orleans. to the amount Of six-tenths OF
one mill on the dollar which shall be
coliected the same as the other taxes
que TO the City OF New Orleans and be
Immediately paid to the Board or LID
Where same shall be held separate, IN
What shall be known as the Lake
Shore Park Bond Fund" and to estab-
ilsh and administer said park there is
hereoy created a commission OF seven
citizens and tax payers. male or female
trlcts Of the City of New Orleans, VINO
snail be appointed by the Mayor OF the
city and confirmed by the Commits.
sion Council as soon as this amendment
IS adopted; such first appointees sha'l
| hold office respectively for one, Two
! three, four. five. six and seven years
and the expirston Of each term
their successors shall be appointed for
the full term of seven years, and the
Mayor. in making the first appoint
| ments, shall designate the term OF or
| ice or the respective appointees. Ihe
| elect their own officers and shall serve
without compensation. but Shall he al
! lowed secretary and such clerical as
| sistance as may be necessary, this to
| be determined. and the salaries fixed
and paid by the Board Of Linuihation
| Siidll also Tx ana pay ln6
Eary 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 surplus at any time. and
I retire said bonds: and If. at any time
the surplus reaches such an amount
| that the Board deems 1t not advisable
| to hold same longer. and 1t Is not able
to purchase said bonds at the rate
! right to call in any of said bonds. he
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
TALLY. as said Board Of Liquidation
NAV determine. The Board herein Gre
| ated shall be known as the New Or
have the right to purchase such prop
erty as may be necessary within the
limits above specified to establish
thereon lake front park, and to build
sea wall and to reclaim land from the
| lake by extending the sea wall into the
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 &C.
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
Or m md ,NnIvo with IN
the property herein to be acquired.
J 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 Eiuuida-
| ton 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 advi-
sor Of the Board. The Mayor and Com
missioner of Public Property. or any
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
mit.ees and shall have the right to
speak and present resolutions at any
| meeting Of the Board.
| The engineering work necessary to
J carry out the provisions Of this amend
ment I'll be under the supervision Of
the G. Engineer, who, however, shall
I 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
It's hands from other sources not
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 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, II same have not here
tofore been purchased or retired as
of Liquidation shall determine, If 1t deem
It advisable. what amount it shall SCI
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
Judgment Of said Board be sufficient
to protect the rights Of the holders
thereof.
Should any property within the lin.
its hereinbefore specified be deemed by
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
right. by appropriation proceedings. to