The Natchitoches enterprise. (Natchitoches, La.) 1888-1965, 1914-10-15
Act No. 278
House Bill No. 637. BY Mr. Jahncke.
JOINT RESOLUTION,


tuition of the State of Louisiana rel
alive to the issuance of bonds and
the levyi7~ of ii special tax to provide
therefor Sy the City of New Orleans,
to create lake shore park, to pro
vide for the administration of the
park. and for the sale OF certain
pronerty acquired in connection there
with.
Section / BE It resolved by the Cen
era1 - sSorrhlv of tire state of Louisi-
ava. 20 thirds of all members elected
to each house concurring That the fol-
lOwil amendment to the Constitution
OF this State be submitted to the cleo
to;S of the State at the next general
election Fer Representatives. in Con-
g~esS 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
Milre6erg. or such part thereon as may
be deemed necessary and advisable; az
hereina' ter set forth, the city or New
Orleans be. and 1t is hereby, authorized
to issue bonds to an amount not eN-
Gee ling $4,000, 10000 in denominations
of $4,000, $4,000, 100000, payable
fifty years after date. with interest al
the rate of IL per cent per anhun
thereon. payable semi annually, and rep
resented by coupons to be attached 70
sail bonds; and to provide Tor tne pay
r?ont Of the principal and interest," Oh
n"ally a special tax on all the properly,
real and personal in The City of New
Orlears to the amount Of six-tentns on
ore mill on the dollar. which shaIl oe
due to the City OF New Orleans ana pe
Immediately paid to the Board or LID
uidation of the City of New orleans
where same shall be held separate IN
Ohet shall he known as the LAKE
Shore Park Bond Fund" and TO estaD-
lfsh AMI administer said park. there Is
hereby created a commission OF seven
| citizens and tax payers, male or femaie'
| one from. each of the municipal dis
| tricts of the City of New Orleans, Wno
| shall be appointed by the Mayor OF tIe
| city and confirmed by the Commits
| sion Council a s soon as this amendment
| is adonted; 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
/ Navor. IN making the first appoint
ments. shall designate the term OF OF
| flee OF the respective anDotntees. Inc
| members OF said Board shall name ana
| elect their own Officers and shall serve
| without compensation. but shall be al
| lowed a secretary and such clerical as
! s'stance as may he necessary, THIS 70
! be determined. and the salaries fixed
| and Maid ny the Board OF Liquidation
which shall also fix and pay the neces-
| sary amounts for the other expenses
| OF SAID Board out OF Sal0 TAX.
] The avaiIs of said tax. in excess Of
I the amount necessary to pay the semi
annual interest on said bonds and the
evnerses Of the Board as above SET
| forth. shall he invested by said HOARD
| Of Liquidation for account OF said finh'
| or .hey NAV plIrcha Sc at not more than
| rar. with said surplus at any time, and
retire said bonds: and If, at any time,
| the surplus reaches such an amount
that the Board deems it not advisable
o. I,NgI nd G a
| to purchase said bonds at N1e rate
above stated, 1t 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
4 NAV determine The BOARD herein crs>
| leans Lake Shore Park Board and shall
have the right to purchase such prop
| e~ty as NAV be necessary within the
limits above snecified.- to establish
| thereon a lake front park. and to build
q sea wall and to reclaim land from the
lake hv extending the sea wall into the
LAKE and filling the space between same
| and tha present shore line, and to 10
AL other work necessary to accomplish
4 the rrrn0seS herein provided for. AND
| sat- Roarf shall have the right to sell
| orsIease anv portion of the property &C
| CURED hereunder or reclaimed as NAV
not he necessary for park purposes, ana,
| IN selling same. to prescribe the condi-
lions under which same shall be held
| thu character of huildin~s. sidewalks
an1 other improvements to he erected
thereon. The said Roard shall have
tho right to Law ont and pave, within
st~nets avenues and boulnvards. and ~
! ar~an~e for the proper lighting thereof
| Nh purchase sale or lease shall he
| made under the terms hereof without
tho consent of the BOARD of Li0uida-
tinn ana the Commission Council of the
| CITY of New Orleans. or any other body
| that NAV harea fter no in charge of the
affairs of the citv Of New Orleans. The
city Attorney shall he the legal advi-
sor Of the Board The Mavor and Com
| r,1eeio~er Of Public Pronerty. or anv
o@1ionrs hereafter created by other
rar'os exercise" the same functions
Board. but without the. Npht to vote
therein. but NAV be arp.dnted on com
mittees and shall have the right to
| sneak and present resolutions at any
| meeting of the BCerd.
The engineering work necessary to
carry out the provisions OF this amend
ment rNall he under the supervision OF
the City Engineer, who. however, shall
have charge of the work, same to be
selected by the Board herein created
and confirmed by the Board of Liqui-
dation
I,iruidation 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
] ple7 ged to Other OBLIGATIONS. more than
Efficient 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
lect such tax: but said tax shall revive
at 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. If same Nave not here
tofore been purchased or retired as
hereinabove set forth. And said Board
of Liquidation shall determine. If 1t deem
It advisable what amount 1t shall SCI
| aside annually to provide for said sink
ing fund; but this right in the Board
shall be optional with 1t and need rot
be exercised If the other means referred
10 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 tn a.t the lin N.
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
appropriation ~, or 10Th 9tnerwise shall na,a. be In
Section 2. Be 1t further reserved
etc, That on the official ballot to be