St. Landry clarion. (Opelousas, La.) 1890-1921, 1916-09-23

Sentfon 10 The BOARD OF Directors
or the Public Schools Parish OF Orleans,
~ tts 1agaI st,ccassor shall not capi-
tslize the whole or any part of the
taxes which by this mendme it is au-
thorized to levy, nor fund the same into
bonds, nor borrow money in anticipation
of the collection thereof: provided that
said Board NAV. in any calendar year.
in anticipation of the collection of the
taxes of such calendar year and for the
purpose for which such taxes are levied.
borrow such Sums MS shall not be in ex-
cess OF the amount of its uncollected
taxes of such wear. and may issue its
notes or other evidences of indebtedness
therefor. and such sums, notes or other
evidences Of indebtedness shall be pay
able only out of the taxes OF the calen-
dar year in which said loan or !oan
are first made and Tor Wnicn lhaspeSu-
ness snail not De paSapIs out y. a 80
otneT iunas OF nloneys sha1I he bor-
v1oeo, however. no inoness a4ber ar
roWed py salu Boafa III es and IN no
POSES s ID e 49, n'oaeu he borrowed by
eyent MAJ any ~ ~ 10 nav for per
manant ;n,nrovanents and provided
f,1rtbar +bat said hoard shall not make
any contract or incur any debt or obi1-
co ea lion Unless suf5eient funds not other
wise appropriated. to pay n discharge
the same are actually in the treasurey
of said Boar at the time OF makans
said contract or mourning saia qeos s;9a
obligation n are specially SET ISSUE
and dedicated 20 sald pufpose, $500 -
may be ~hereinaboVe specially PROVIDED;
Sa1d Boaro snalt aha snbo,s site wear
TO the peslnnlns Z ~ reoainfs and az
prepare a puosel ~ s.sae+ befnra II
penoltures att ar no,st he annroved oy
pecones eMeS canneil Of the CITY of
lHe ooonunnnss ~ re successor as the
view Nc hodv of said CITY. and all APP
55Uonriation nv or expenditures of said
pgoard NOT included in the said budget
shau likewise before becoming effective
he approyed by said Commission Coun-
eli or its said successor;
Provided thai nothing herein shalI
be taken or construed as authorizing
the Commission Council or its sue
cassor I'd change. alter, substitute or
eliminate any of the items OF the
budget thus submitted; the true IN
tent and meaning hereof being that
the said council or it's successors shall
hove no authority whatsoever In or
over said budget, except to the extent
of ascertaining whether the proposed
exnenditures as exhibited by said
budget are within the probable n
revenues of said Board OF
directors of the Public Schools, Far
ieh IF orleans.
section 20. The inhibition herein
established gains the City of New
orleans and the Board of Directors of
the public Schools, Parish of Orleans,
or either of them, borrowing money,
an+in;nafine their capitaliz-
inp their funds or issuing notes of
other evidences of debt. shall apply
to all boards. commissions or bodies
created nv or under the authority of
I've Common Council of the City of
New Orleans. or its successor as the
sectinn 81 The provisions hereof
ore sa~lf-onerative. and the City of
New Orleans and the several boards
nd bodies herein referred to shall
20 nv tha same into effect.
Re II further enacted, etc, that the
endm proposed by this act shall
he submitted to the electors of the
State for their approval or rejection