The Caldwell watchman. (Columbia, La.) 1885-1946, 1916-09-01

Jay ana dlSCharSe same ar /flated, 10
ne, treasury Of said city 3 actually in
lcbt or obligation 4 Mcurring tie
et aside and dedic 1d are specifically
nIess herein otN ..tA4 10 said purpose.
ores"ing nm .os@Ese provided. Inc
shall not app easl"h and restriction
contracts - er be held 10 apply to
aspect TO I obligation incurred. with
'snt re furnishing to san, .d, cry co., or
.rVl CO d ~ poWer, water telephone
iJT " - garbage renewal or destruc-
fffe saN city may in any calendar
.AAr IN AM iCipatiOn Of the collecuon Oh
THE taEeS of such calendar year, ana tQr
tlt, U!CcpUseS for which such taxes arc
levied borrow such sums as Shali nor
be in excess of the amount OF It's un-
collected taxes Of such year ana may
issue it's notes or other evidences of
Indebtedness therefor, and such sum.
Mates or other evidences of Indebted
ness shall be payable only out OF the
taxes of the calendar year in Whloh said
loan or loans are first made. ana Tor
which Indebtedness said rev cnues shah
bc pledged, and said Indebtedness Sbdli
not be payable out Of any other funds
or moneys whatsoever No money sbaiI
Dr borrowed by the said city except Tor
current municipal purposes, ami IN no
event ShalP any money be borrowed by
said city to make or to nay for works
of pablo Improvement. Said city may
issue for street paving purposes Certif-
Gates on it's taitu ard credit pursuant to
legislative authority. to an amount not
in excess Of any special assessments
wnich have been or Shal! be made Ton
S'lch purposes. Such paving certificates
Hereafter issued shall be ChargeaNie
primarily against The special assess
mentS in respect Of which they are IS,
sued, and secondarily against the rey--
nues of the cay Of New Orleans derived
from taxatitIl for general municipal
purposes ard from sources other than
the taxes for the payment CT the prlnri-
| pal and nnerest Of the bonds now out
| standing or hereafter to be issued ny
| der this paving certificates only in the
event and 10 the extent that surh
amendHfeht' when feFhueS Shall ne an
| piled IN payment OF such special assess
ments shall be insufficient for such pay
ment, and relmhurSement shall be made
HrIeahs "heh l.le ASS"SSi1snlS are COZ
, ,s TO me extent OF me ai amount mat
'nI s,''t' 1e',t''' '",l,'S S','t' l'a'F '''-
tr!oG'eu |" me p;. S, ;n" ., 80
nIuCI, ~ ~ 70, - VI ''iF Htie!ai .tS-
=, ,M' "'t ~ i"na 10Y 'I'e
5,i,h g. o,',1,' n,,5 nv
WIN - nti lept"''l' an" he' tdi'er
.
t upo' tne I''>!s. " I'VE !eTti We luiiu oi
Ny NY ~ ~ ~" Wy 'V"hS' wy sum vel
tI i - s'laLi We ca DIS Hei EN- anu
otIiei " VS., ,ee /; iu'u ioi ps sh!u acI OF
supaeq'eH' 1eI .2'dtir. auth'tI'E h"t IN
tnHi''Vt mere" }'h, ptoN iueh' however
that paving ctt'll!cateS, TOT WhIch me
idttH ana crtuit OF Tue 'liH Oh Ne" Or
leans Shail De pIedgcd, Whetner ISSUED
"haeF the AFORESAID ACT ~ 80 or 1914,
or under subsequent legiSiatlon. snail
not AT any one tlme ne outstanding IN
an amount IN excess or FIVE Million
DoiiafS tSo'eo".VVe' IN race value.
Section 10. The total issue of bonds
by the City Of New Orleans for all pur-
poses shall never exceed ten per centum
! Of the assessed valuation Of the proper
ty in said city provided. however. that
neither the bonds ISSUED for water
sewerage and drainase purposes (name-
ly. the sl2 100000 Public Improvement
Bonds issued under said Act No. Of
1899 and the 100000 New Pub
lie Improvement Bonds issued I'M
der Act No 10 of the Genera
Assembly If tho State If Jonisiona
for tbs vaar 1aoc .nI ants
amendatory thereof and snnnIemantal
thera,o aS we'll ,s surh hon1s her.,v
ar harooStar o,,tbnrisaI i,tn ,,'h,Ih e. y
aforesaid bonus or any par Thereof may
be retunded) nor the S2.000.o0O Public
"A
No. 17a of the General Assembly of the
State of Louisiana for the year 1903.
nor any bonds hereafter authorized for
Public Belt Railroad purposes. nor any
bonds which may hereafter be issued
for water supply or for the acquisition
| or construction of any revenue produc-
ing public utility, nor any paving certifi-
Gates primarily chargeable against spe-
cial assessments for street paving, shall
be included in computing the indebted
ness Of said City of New Orleans under
this limitation; and provided further.
that emergency bonds may be issued as
authorized in Section 5 of this amenc-
ment even though said limitation shall
have been reached provided that the
Nine Million Dollars of bonds authorized
by Section ] of this amendment Shall
rot be subject to the limitation herein
fixed at the time or times that same
shall be issued; but, with respect to
any other bonds that may be issued
hereafter under this amendment there
shall be included in the computation
said Nine Million Dollars of bonds, no,-
Withstannlng the fact that all Of said
Nine Million Dollars of bonds shall not
nave peen actually issued. and sucH
amount OF emergency bonds as may be
then outstanding.
Section II. The Board Of Liauida-
ton. City Debt. as now organized and
! created with the powers, duties ana
functions prescribed by existing laws
ana ana by this amendment, shall be con-
tt "hlle any bonds authorized by
.nis amendment are outstanding and I'M
pad; ana all taxes which may be lev lea
t to' .ne paymSnt or SAID bonds shall, day
Dy Jay as Collected be paid over to said
BOARD ana snail by 1t be applied in pay
m men , o, me principal and interest OF
S rasu uo', t ana SAD BOARD shall with
a r nope6 ~ al ponus authorlzed by this
tha r;rht oe ent,sled 10 exercise all
we Ilsilts ana enforce the performance
o Az tne oollgations. the same as it is
authorized 10 90 under laws existing at