The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1914-10-10
ACT NO. 276.
House Bill No. 537-By Mr.. hncke.
JOINT RESOLUTION

House Bill No. 537-By Mr.. hncke.
JOINT RESOLUTION
Proposing an amendment to the>onstitu-
ton of the State of Louisial relative
to the issuance of bonds andhe levy
for for by the City of New deans, to
create a lake shore park. provlde
for the administration Of he park,
and for the sale of certal properly
acquired in connection the'wltn.
Section /. Be it resolved by te General
Assembly of the State of Louiana, two
thirds of all the members elecm TO eacn
House concurring, That the following
amendment to the Constitutn OF tnls
State be submitted to the eleOrs OF me
State at the next general ection Tor
representatives in Congress ttbe holden
on the Tuesday next followiE the first
Monday in November, 1914. tfwit:
Article /. That for the purose OF &C.
from what is known as wat End 70
Milneberg, or such part thereo as may be
deemed necessary and advisae. az here
matter set forth. the city of hW orleans
be, and it is hereby, authorisd TO Issue ao
bonds to an amount not exceeing y; 0o0 0c
900. 90, in denominations of $1,000, $5oOoO'
81, 900. 90, payable fifty yearsafter date;
with interest at the rate OF az per ceIl
". and represented by coupos to be at
tached to said bonds; and tfproviue Dr
the payment of the principaiand interest
of said bonds. there is hereF levieo en-
nually special tax on .h hai a ~ Of New
Orleans. to the amount Of ix-tentns OF
one mill on the dollar. whichshall be col
lected the same as the othr taxes cue
to the city of New Orleans Hq pc in,t NE
| of the city of New Orleans where same
shall be held separate, In mat snal, pt
known as the Lake Shor PARK bont
Fund.-" and to establish ar adiiliins. y,
said park, there is hereby cfateu Co,n
mission of seven citizens afd taxpayers
male or female, one from each oi III
municipal districts of hetcity OF NeV
Orleans. who shall be apHinted 6y "
Mayor of the city and corfrmed ~ III
Commission Council as Don ae Uni
amendment is adopted; Acn nrsI ap
pointees shall hold office respectively 10
one, two, three. four. five. Blk ana seve
years. and at the expiration OF eacn TERN
| their successors shall be iappolnte9 ie
the full term OF seven VARS, anu "a
Mayor in making the first appolntment
shall designate the term Il once OF IN
respective appointees. I've members
said Board shall name andElect their ow
officers and shall serve without compeI
sation. but shall be allowed secreta,
and such clerical assistance as may !
necessary, this to be dets9n me nam anu u
Liquidation which shall also fix and ps
the necessary amounts for the other e.
penses of said Board out Of said tax. :,
The avaliS OF Salu TAX, III eAceSo VI =
amount necessary to pay the semi -annu
Interest on said bonds and the exDens
of the Board as above set forth: SHAH
Invested by said Board Of Liquidation ]
account of said fund, or they may pt
chase. at not more than par. WIN ~
surplus at any time, and retire said bont
. and II, at any time. the surplus reacf
. such an amount that the Board deems
, mot advisable to hold same longer, and
, i is not able to purchase said bonds at
. rate above stated. it shall then have
, right to call in any of said bonds. beg
. ming with the highest number, but at
. exceeding their market value.
nj Said bonds shall be sold at par ana
: crued interest all at one time or pareaa
( as said Board of Liquidation may DE!
: mine. The Board herein created shaii
s known as the New Orleans Lake Sn
e Park Board, and shall have the righl
n purchase such property as may pc net
II sary within the limits above specified
n establish thereon lake front park,
n To build a sea wall and to reclaim
Is from the lake by extending the sea
e. into the lake and filing the space betv
ID same and the present shore line, an
r. do all other work necessary to accom-
lg the purposes herein provided for. and
q. BOARD shall have tho right TO sci
w lease any portion of til property acq'
n hereunder or reclaim ID as may no
in necessary for park pI poses. and. IN
ns ling same to prescrih the cOnditiOns
en- der which same sha be held by pr
ty owners. with refere to the char
to Of buildings, sidewa and other imp
RI ments to be erect thereon. Tne