The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1914-10-24
ACT NO. 278.
House Bill No. 537-By Mr. Jahncke
JOINT RESOLUTION

House Bill No. 537-By Mr.. Jahncke.
JOINT RESOLUTION
Proposing an amendment to the Constitu-
ton of the State of Louisiana relative
to the issuance of bonds and the levy
ing of special tax to provide there
create lake shore park, to provide
for the administration of the park
and for. the sale of certain property
acquired in connection Herewith.
Section /. Be it resolved by the General
Assembly of the State of Louisiana, two
thirds of all the members elected to each
House concurring, That the following
amendment to the Constitution of this
State be submitted to the electors of the
representatives in Congress to be holden
on the Tuesday next following the first
Monday in November, 1914, to-wit:
quiring 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 here
be, and it is hereby. authorized to issue
bonds to an amount not exceeding SO, 00O
10000, in denominations Of $4,000, $500 90,
100000. payable fifty years after date.
per annum thereon, payable semi annual
ly, and represented by coupons to be at
tached to said bonds; and to provide for
the payment of the principal and interest
of said bonds. there is hereby levied an
nually a special tax on all the proper ty,
real and personal, in the city of New
Orleans, to the amount of six-tenths of
one mill on the dollar which shall be COL
to the city of New Orleans and be imme-
diately paid to the Board of Liquidation
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 establish and administer
said park. there is hereby created a COM
mission of seven citizens and taxpayers,
municipal districts of the city of New
Orleans. who shall be appointed by the
Mayor. of the city and confirmed by the
Commission Council as soon as this
amendment is, adopted: such first ap-
pointees shall hold Office respectively for
one. two. three four, five, six and seven
years. and at the expiration of each term,
their successors shall be appointed for
the full term of seven years. and the
Mayor. in making the first appointments,
shall designate the term of office of the
respective appointees. The members of
said Board shall name and elect their own
officers and shall serve. without compen-
satiOn, but shall be allowed a secretary
and such clerical assistance as may be
necessary, this to be determined. and the
Liquidation. which shall also fix and pay
the necessary amounts for the other ex-
penses of said Board out of said tax.
The avails of said tax. in excess Of the
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 may pur-
chase. at not more than par, with said
surplus at any time, and retire said bonds:
and II. at any time. the surplus reaches
such an amount that the Board deems it
not advisable to hold same longer, and it
rate ,aboye stated. it shall then have the
right to cali in any of said bonds, begin
ming with the highest number, but at not
exceeding their market value.
Said boAds shall be sold at par and ac-
crued interest all at one time or partially,
as said Board Of Liquidation may deter
mine. The Board herein created shall be
known as the New Orleans Lake Shore
Park Bpard. and shall have the right to
purchase such property as may, be neces-
sary3Within the limits above specified, to
eef4 8lish thereon g lake front park. and
~ NSelLd sea wan and to reclaim land