The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1916-10-12


New Orleans, but such certificates shall |
be secured as herein and as otherwise pro- |
Tided for by said act or subsequent legis- |
latlVe authority not in conflict herewith; |
provided, however, that paving certificates, |
for which the faith and credit of the City |
of New Orleans shall be pledged, whether
issued under the aforesaid Act No. % of
1914, or under subsequent legislation, shall
not at any one time be outstanding in an
amount in excess of Five Million Dollars
$4,000. 000) in face value.
Section IL. The total issue of bonds by
the City of New Orleans for all purposes
shall never exceed ten per centum of the
assessed valuation of the property in said
city; provided, however, that neither the
bonds issued for water. sewerage and
ddranage purposes (namely, the $4,000,
900 Public improvement Bonds issued
under said Act No. of 1899 and the
$S,000,000 New Public Improvement Bonds
issued under Act No: 10 of the General
Assembly OF the State of Louisiana for
the year 1906, and acts amendatory there
OF and supplemental thereto, as well as
such bonds, hereby or hereafter author
lied. into which the aforesaid bonds or
any part thereof may be refunded), nor
the S2,000000 Public Belt Railroad Bonds
authorized by Act No. 179 of the General
Assembly of the State of Louisiana for the
year 1905 nor any bonds hereafter au-
thorzed for Public Belt Railroad pur-
poses nor any bonds which may hereafter
be issued for water supply for the
acquisition or construction of any revenue
| producing public utility, nor any paving
| certificates primarily chargeable against
| shall be included in computing the indebt
| edness of said City of New Orleans under
| this limitation: and provided further, that
! emergency bonds may be issued as au
| thoriZed in Section > of this amendment
| even though said limitation shall have
| been reached; provided that the Nine Mil
| lion Dollars of bonds authorized by Sec
ton of this amendment shall not 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
| that all of said Nine Million Dollars of
bonds shall not have been actually issued,
and such amount of emergency bonds as
| may be then outstanding.
| Section IA. The Board of Liquidation,
| City Debt, as now organized and created
and with the powers, duties and functions
amendment, shall be continued while any
bonds authorized by this amendment are
outstanding and unpaid; and all taxes
which may be levied for the payment of
said bonds shall, day by day as collected,
be paid over to said Board, and shall by
it be applied in payment of the principal
and interest of said bonds, and said board
shall with respect to all bonds authorized
by this amendment be entitled to exercise
all the rights and enforce the performance
of all the obligations, the same as it is
| authorized to do under laws existing at
the time of the adoption of this amend
ment with respect to any of the presently
Orleans. All funds, property and things
of value held by the Board of Liquidation,
City Debt, for bonded debt purposes other
than taxes now or hereafter levied and
particularly all funds, property and things
of value now or hereafter held by said
Board under Act No. 1873 of the General
| Assembly of the State of Louisiana fol
the year 1880 and all amendments there
to, shall when released from contract
obligations or dedications imposed by laws
existing at the time of the adoption of this
| nSpI pnnlpypd
discretion of said Board in payment and
retirement of any bonds of the City Of
New Orleans then outstanding.
Section 49, For general municipal pur-
poses, exclusive of the support and main
tenance of the public schools and the pay
ment of the bonded debt of the City Of
levy upon all taxable property within sale
city a tax not exceeding six and e-hal
ton thereof; provided. however that wher
| the one per cent debt tax authorized by
said Act No. ITO of 1890 and the two-mil
No Of sss sha boh have
to be levied, and if thereafter the take:
| levied by the City of New Orleans in any
: one year for bonded debt purposes be les:
than ten mills, said city may in sucl
events levy for its general purposes sucl
: additional tax which, when added to thu
tax of six and one-half mills hereb!
authorized and the taxes levied for thu
a payment of the principal and interest o
; its bonds as they severally mature, shall
| not exceed IN the aggregate sixteen ant
one-half mills.
per cent of the revenues of the City o
5 New Orleans shall not hereafter be mad
i the General Assembly of the State o
e Louisiana for the year 1912, except inso
far as the fund so directed to be reserved
/ shall have been appropriated or dedicate'
r before this amendment takes effect to tn
0 payment of any obligation of the City o
= New Orleans, and said reserve fund Q
r each year, when released from the obi
f cations charged against it by law AM
e because of contracts. existing at the tim
, of the adoption of this amendment, shall
be used for general municipal PURPOSES
81 Section II. For the support, malnte
f nance, construction and repair OF tn
+ public schools in the City of New Orleans
r the Board of Directors of the. Publ
q | Schools, Parish of Orleans, or its lega
q successor, shall levy annually such tax
q not exceeding three and one-half mills. a
= said Board shall deem necessary, whic
= levy shall be certified by said Board t
4 the Commission Council or other futur
n governing body OF the City of New Or
n leans, which shall cause the tax. to b
II entered upon the tax rolls of said cit
according to law against all taxabl
: property in said city as assessed an
v valued for city taxation, purposes; an
: paid over to said Boarl of Directors of tn
: Public Schools, Parish of Orleans, day b
). day as collected
e Said tax shall be in lieu of all taxes
C appropriations and funds now authorize
= | or directed to be levied or contributed b
II the City of New Orleans for public schot
= purposes, either by said Act No. ITO {
), | 1890 or other provisions of the ConSttu
d ton of this State. All constitutional pro
= visions to the contrary, as well. as AC
e No. 262 of the General Assembly of tn
= State of Louisiana for the year 1911
d ratified as an amendment to the Constr
n tuition of this State, are hereby abrogate
: and repealed and the City of New Orlean
II shall have no power or authority to us
n or employ any of it's taxes or funds fo
o the establishment support or maintenanc
:, of the public schools, directly or indirect
II ly. except as herein authorized; provided
however, that the City of New Orlean
p shall administer. use and employ all tn
a funds. property or things of value now c
q hereafter held by it under any specie
! legacy, bequeSt or donation made or
~ | be made directly to it for school purposes
Il and shall carry out and execute the con
g dtions of all such special legacies, be
e | quests or donations that have been here
~ tofore made to and accepted by said Cit
= of New Orleans and all such as may here
y after be made to and accepted by said cit.
It Section IS. For the purpose of givin
d additional support to the Public Schools
: the Board of Directors of the Publ
If Schools Parish of Orleans or its legs
r. successor, may levy upon all taxabl
d property in the City of New Orleans
: special tax not exceeding two mills on tn
V dollar of the assessed valuation of sal
o property (Which special tax shall be
t. excess of the tax authorized by Section
g of this amendment. whenever % in tn
d manner prescribed by Act No. 256 of tn
= General Assembly Of the State of Louis
II lana for the year 1910, and amendment