The Caldwell watchman. (Columbia, La.) 1885-1946, 1914-09-11
Act No. 278

10 create lake shore park to pro-
sue lot the administration Of the
park and for the sale of certain
property acquired in connection there
Section l. Be 1t resolved by the Cen
eiai assembly OF tire State Of Louisi-
ana two-thirds of all members elected
70 each house 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 Tor Representatives in Con-
gress to be holden on the Tuesday next
following the First Monday in Noyem-
Der, 1914, to-wit:
Article l. That for the purpose of ac-
CURING the front of Lake Pontchartrain
from what is known as West End to
Mltneperg. or such part thereof as may
pc deemed necessary and advisable. as
hereinafter set forth, the City of New
orleans be- and II is hereby, authorized
10 issue bonds to an amount not ex
OF $4,000, $4,000, 100000, payable
Ilrty years after date, with interest at
the rate Of 1-2 per cent per annum
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 OF
sad bonds, there is hereby levied an
SpCSidl LAX oH all Tile property,
real and personal, in the City of New
orleans, to the amount Of six-tenths OF
one mill on the dollar, which shall be
collected the same as the other taxes
que 10 the City Of New Orleans and be
Immediately paid to the Board of Liq-
uidation Of the City of New Orleans
where same shall be held separate. in
Wnat snail be known as the Lake
Shore Park Bond Fund.-" and to estab-
ilsh and administer said park, there is
hereby created a commission of seven
cItlzens and tax payers. male or female
one from each Of the municipal dis
trlcts OF the City OF New Orleans, who
s si be appointed by the Mayor OF the
city and confirmed by the Commits
sion Council as soon as this amendment
rs adopted; such first appointees shall
hold office respectively for one, two.
three. four, five. six and seven years.
ana the expiration of each term,
tnelr successors shall be appointed for
sne full term of seven years, and the
ments, shall designate the term Of Of
lice OF the respective appointees. The
members Of said Board shall name and
elect their own officers and shall serve
without compensation. but shall be al
lowed a secretary and such clerical as
ISSUANCE as may be necessary, this to
be determined. and the salaries fixed
and paid by the Board Of Liquidation.
which shall also fix and pay the neces-
sary amounts for the other expenses
or 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 AZ above Get
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
retire said bonds; and If, at any time.
she surplus reaches such an amount
that the Board deems II not advisable
TO hold same longer, end il is not able
70 purchase said bonds a. the rate
s snoye stated, it shall then have the
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, an said Board Of Liquidation
may determine. The Board herein Gre
ated shall be known as the New Or
leans Lake Shore PARK Board, ana shall
srty 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
lake and filling the space between same
aAAN thC PCScHt lluS, anu u uO
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.
tons under which same shall be held
by private owners. with reference to
the character iof buildings, sidewalks
and other improvements to be erected
thereon. The said Board shall have
the right to lay out and pave. within
the, property herein to be acquired,
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 Liquida-
ton and the Commission Council Of the
City of New Orleans or any other body
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
officers hereafter created by other
names exercising the same functions,
Board. but without the right to vote
therein, but may be appointed on COM
mittees and shall have the right to
speak and present resolutions at any
meeting of the Board.
The engineering work necessary to
carry out the provisions Of this amend
ment = all be under the supervision Of
the CT ! Engineer, who however, shall
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.
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
pledged to other obligations, more than
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 il no
longer necessary, and thereupon the
City Of New Orleans shall cease to coll
lect such tax: but said tax shall revive
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 az
hereinabove set forth. And said Board
1t advisable, what amount it shall set
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 II the other means referred
to 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 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
tha CITY of New Orleans shall have the
right by appropriation proceedings. to