The Caldwell watchman. (Columbia, La.) 1885-1946, 1916-09-29

dent or Obligation and are specInCaHE
set aside and dedicated to said puIp , ,se,
unless herein otherwise provided Inc
foregoing limitation and restrlct'oti
shall not amply or he held to Apply 10
contracts or obligation incurred win
| respect 10 the furnishing to said cltN OK
light, neat or power, water, telephone
service or garbage removal or deStIuC-
ton.
The said city may in any calendar
year in anticipation OF the COLLECTION OF
the taxes Of such calendar year, and TOT
the purposes for which such taxes arc
levied. borrow such sums as shall not
he in excess OF the amount OF its IN
collected taxes Of such year. and may
issue its notes or olher evidences or
Indebtedness therefor. and such sum,
notes or other evidences Of indebted
| ness shall be payable only out OF the
! taxes OF the calendar year In which SAID
, loan or loans are first made and Tor
| v hitch Indebtedness said revenues shall
| be pledged, and said Indebtedness shall
not be payable out Of any other funds
| or moneys whatsoever No money Shall
be borrowed by the said city except ror
current municipal purposes, and in no
event shall any money be borrowed by
said city to make or to pay for works
of public Improvement Said city may
| issue for street paving purposes certtl-
| Gates on its ta!tl and credit pursuant 10
| legislative authority. to an amount not
in excess Of any special assessments
! vnirn have been or shall ha .,,o1a for
! such r,rrrrS.s such ,a,,i,,o ct"t,+Ia, .x
| I,.I,.,i5r" ;sss.rai st;}i he crargeanfe
primarily AGAINST the special assess
| mrntS IN respect of which they are is
| sued, and srr0udarIly against the rey--
| rUeS of the C!ty Of New orleans derived
! from taxation for general n,nnirinaI
| purposes and from sources otter than
| the taxes for tie payment q the prince
| i1al and interest Of the bonds now out
| standing or hereafter to be issued IN
| der this paving certificates onlv in the
| event aud t. thc extent that sucn
! amendment which reVnUes Shall BE ap-
| Piled in payment Of such special assess
m"Hts shall be insufficient fer such pay
menL and reimbursement shall be made
to tie general funds Of the City Of New
Orleans when the assessments are col
.rrlen TO lhr extent OF the amount that
tIG shiV "c,eI"I 'H'l'S snail nave con
trLbuled to the payment aforesaid. 50
inuGn or A1t no. - OF the General As
seH''!S 81 'he'Hiate OF I.oulSlaha tor the
ytht IVA as may ne INCONSISTENT here
win IS hereby repealed. and hereafter
iIo PAVING cel'lhcat"S Shall be issued
upon me p1clSe OF the reserve fund or
me litE or New Orleans, but such Ger
tlIi'alts snail ne secured as herein ana
otIrIWlSe pT"Vlded lor by SAID act or
'''''''t "o''t - '9''t!N' authority llot III
coni!ict herewith; provided, however
faith and credit of be c Or o w" New ore ore
leans 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
all amount In excess of Five Million
Dollars $4,000 OOO) in face yalue
Section 49, The total Issue of honds
by the Cjtv of New OrIaans for oil mr.
noses shali neyar avceed tI1, ~ az na,,t'I,
of the assessed valuation If he move.
~ IN said CIV nrnTjdoi bona ,U % H.
neither The hdnd, ,ss,,aa ro r'. 10 ..s,.
sewerage ana draina.a ntIrnoser ,man',.
" the So OnO 600 pnhiin Jnor,ro, rt,a,l'e
EonHe issIaI nnaor SaiI az Nv aeiien ~
1Sqo ond tbo GO ooG nno ~ u
i iI'' 1, ''r,u '''TgV.Vpo new fup-
der Art NJ 10 A'o az us issueu un1
uei ~ ~. ~ Oh me General
Hssen'pIy OF me STATE or Louisiana
lol me year l906, and acts
anIeHIdloiS 'hefeol ana supplemental
or hpraaftar anthnp,S snS' noils nerepy
aForesoiI bnn1.a W. 49, In.o "LltH .ie
he rafmndedE no,. go ,tn "i ome e'o1 may
ReIt Rai)road Rnnds omt ,poviuo9 ooiIc
M IA If tbo Ca,'aro a w, ssa tnt9 Wy Act
state of r oujsiann e. A.se'ioly vi me
nor o,I, bnra. la'so a.. VIZ eel i'Vo'
puhlic ReIt Paiirnod , nc, au.'lo'lnfu loI
bonds witch nav 'b be pa, pUsesi NY any
for uater ernnlr, nv 90 49, NC Saueu
or constructive ppl, or =. a,1 wv eie ac4u
ing rupsss 81 ssisa eabfe agaikst f
SET assessments for Street paving, Nall
ba included in computing the indebted
ness of said city of New Orleans under
this Limitation; and provided further.
that emergency bonds NAV be issued as
authorized in Section s of this amend
Won't even though said limitation shall
hove heen reached provided that the
Lv saction Of this amendment shall
not be subject to the limitation herein
lived at the time or times that same
shall he issued: but with respect to
anv other bonds that NAV be issued
harea fter under this amendment there
snail he Included in the computation
said Nine Million Dollars of bonds. nov
withstanding the fact that all Of said
Nina Million Dollars of bonds shall not
bovo haen actually issued and s,lcn
amount of emergency bonds as NAV be
then outstanding.
SIT, :, NJ. Do,,s ~ r,o,,,,
nect C;tl, heht &c p now org,n;zed and
tioL ~ te ~, q" " VI et' a, nt,
eiea.eu VIZ .ns ~ t.ti.o.r ,1,s
a aul0 I hv this amendment shall he con-
tinued while any bonds authorized pv
his amendment are outstanding and nm
naid. and ali tayes which NAV he levIeo
FOR tho nayment of said bonds shall. day
NV dav as collected. be paid over to said
BOARD and shall by il be applied in paw
ment Of the principal and interest OF
said bonds: and SAID board shall with
resnect TO All bonds authorized by this
amnndment he entitled TO exercise all
Tho tights and enforce the performance
Of ali 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 present
| rp "a ns