Lower coast gazette., 1914-10-17

DeDI, ueLerUlueu, us Tie CdSe uhy Dc. y
The Board Of Liquidation. City Debt, I
shall have the right to prescribe the Il
amount Of the deposit that shall accom-
pany each bid. the conditions under which 7
same shall become forfeited, the time h
within which the bonds shall be delivered a
after the adjudication, and, generally, all
terms and conditions appertaining to the L
bids and adjudication not otherwise pro- !
ylded for by this act. t
Section 4. Be it further enacted, ETC.,
That the Board Of Liquidation, City Debt,
shall deposit the proceeds of the sale OF
said bonds in such local bank or banks
as may become the successful bidder
or bidders for said bonds in proportion
to the amount Of their respective bids,
upon furnishing security satisfactory to
the Board of Liquidation, City Debt. and
! at such rate of interest as the Board of
Liquidation, City Debt, may fix and an
nounce in the advertisement calling for
Bids. In the event that the successful
bidder or bidders for all or any part of
the said bonds shall be som person, firm
or corporation other than a local bank,
then the proceeds Of the sale of the bonds
awarded to said successful bidder or
Bidders shall be deposited in such local
iilN VI ullh 1T SuCH Idlc VI lutel cSl |
as the Board of Liquidation, City. Debt,
may determine.
All payments made by the Board. of
Directors of the Public Schools for. the
Parish of Orleans shall he made in the
form of warrants or drafts on the Board
of Liquidation, City Debt, setting forth
the amount thereof, the person to whom
payment and the purpose for which the
y-r, -, MAZDA. '-rl Ala. D-- E
, Liquidation, City Debt, is hereby charged
with the duty of taking care that no
irregular or improper or unlawful pay
1 ments are made out of said funds. =
Section 5. BE it further enacted, etc,
amounting to fifty thousand dollars. ESQ.,
600 and the interest on said bonds shall
be. payable out of the one-half of the
o levied by the City of New Orleans by
ton of the State of Louisiana, adopted
use of the public schools of the Parish
ofzOrleans, alter providing for the prln-
opal and interest on the one. hundred
aud seyenty-touF :stfousSnd,. six hundred
and sixty-two dollars (Sl74,Gt2). in prln-
cipal sum, OF bonds known as School
teachers Salary Bonds of the CITY OF
New Orleans, authorized by Act. No..
y or the General Assembly OF the State OF
Louisiana, session OF 1906, and subsae
ne quently adopted as an amendment to.tht
T. CONSTITUTION OF this State; and: the hsalt
one-lalt OF the surplus of the one pei
~ cent debt tax, subject to the exception.
speclled and ~nerenaboyes immediately Sc
-, lnrfn ia npTnhV nnIIrntai am. v~IE,l.,,
us 10 the payment OF the bonds HEREBY au
us tnorized TO be issued, in princ.pai. an,
NJ interest; and the Board. oil Liquidation
,ai City Debt, is hereby directed to enplo
sad fund TO the extent necessary to carr
Ity out the purpose OF this act; provided tina
nee nothing hereln contained shall otierWls
M change ,al1ect OF Impair, the provisions
N. Article ol1 OF the Constitution OF TIL
~, state. -. -. @'.,
nv Section 6. Be it further enacted. etc
me That the Board Of LlquldaIoh, City; Deb
&C. snail, on the .hrst day OF JANUARY. lyl,
,su and annually thereafter pay anu redeel
Is nifty thousand dollars %($oU,UUy), in pru
opal sum OF SAID bonds. The plan az
,os schedule OF redemptlonr shall be dete
mned by the Board Of Liquidation. Cl,
an Debt, and announced by 1t. In detail
lA oAAAA W oCdltu UIU
~ Section Z. BE it further enacted. ct,
~ That IN. order to reimburse The Board;
.te Directors OF the Pub1lc4sSthooIs tor Il
tns Parish of Orleans for the distinctions al
,,ar payments: which the Board. OF L1anid
llon, City Debt, is herein authorized
make out of said. eheenalf OF the su
~ plus OF the one per cent. debt tax, t
.,. city OF New UrIea1is, snail, and it
- NprQhV mana itS dptv RI ,., o,.. - 4
lars ..sa1ss "1 u uuty " pay over 70 I
,Ipo Board OF Liquidation, t1ty Debt, begl
.en, nlug on or before the first day of Ju
1910, and annually thereafter up to a
no including the year 1904, the sum of O
raI,. nu4dred thousand dollars r$1UN;0VU)
cash, and beginning on or before the iii
d, DAY OF July, 1862, ana annually the
and aller up to anu including the year ",
en,- the. sum OF nifty thousand dSllaisa Us
VvQ) IN cash, and such further sum
, to may be necessary in each year to q
hoo, the; interest OF the bonds ,heiern auth
r,Sn lzed and then outstanding. :fO4enaDle
City OF New Orleans to make such
nual payments, the said city IS authori,
cept 'mnr 1u a ant w neit 81 muvn " Tue put
h'n ISSUED under Act No. So OF, the Gene
Assembly OF the State. OF Louisiana. :
dior "oA VI AoOSS VI 0AACANASulS U4toSu
existing thereto, or that may be nerea1
onds .u a' as may oe necessary LOT sald =
llted p ~ 'uen .e.',.oates shalI De :
- w. proposals to the. highest bidder, in s
ranc, ,ho a,." a. 80 NJ. 10y. .susn conultous
anSe, Tho 49, N,.S $3.50 ""y RAosA
Debt, t,tIoa ~ ro;aot W" ~ III L Saa'l ce
resi-. certificates; provided, however, that n,
tho ing herein contained. shah be- constr
hooIs to, in any manner, relleve the City
n he New Orleans Of the obligation to make
ono Annual payments herein designated;
etary In the event that, the; City Of New Orle
Debt. should fail to make any payment "
n no same shall become due, it shall be
,ched duty OF the Board Of Liquidation, (
lures Debt, to compel, by mandamus or o
.crors appropriate remedy, the City of New
II ot leans to pay over to it the amount
BOARD due. When, and as SOON as the B
,veIy. Of Liquidation, City Debt, shall have
vs. oi ceived from the City Of New Orleans
each such annual payment, the money SO
Ia in ceived shall be forthwith paid over
snch the Board of Liquidation, City Deb,
alton the Board of Directors Of the II
,rren, Schools for the Parish of Orleans.
espec- 1,h sect 10 o. he Y TURNER enacted,
vever, n Ia snE ploceeus vi lle saie OF TWO
" the .lon ~ uoiais ol Dohus' ,nefeln autho
70 for for the following purposes, to-wit:
rther, nol 'l Ns acqq!sltion' II. eae name OF
all be 10y " New uIieans, eltnet oy pure
Stituted in the name OF the City of
ID -. Orleans, of such sites as may be n
~ and sary for the erection, extension OF
Iot;on. largement of school houses and theil
10 ex' purtenances, or for the establishmel
i and Fairgrounds or, .stadia connected
,tman1 the public school system of. the
rators of New Orleans; and for the, cons
tion mr. onloruononf ar tnointonon