St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1916-10-21
PROPOSED
AMENDMENTS
TO TIE
CONSTITUTION OF LOUIS
LANA
Adopted at the Session of the
Legislature of 1916.
To Be Voted On at the Congress
3onal Election.
At NJ n
Act No. 4

Of the Board of Directors Of the Pub
lie Schools. Parish Of Orleans. re-
spectively the issuance Of serial bonds
by said city. the purpose for and the
manner in which same may be issued
and the duties and functions OF the
Board Of Liquidation, City Debt, with
reference thereto: and the levying oy
the City Of New Orleans and the
Board Of School Directors, Parish of
Orleans. respectively, OF certain taxes
for general municipal and school pur-
poses: and providing for the .s suo mis-
tors Of the State for their approval
or rejection.
Be It enacted by the Genera. Assem-
bly, Of the State Of Louisiana. two-thirds
Of all the members elected to each house
ton and approval of the electors OF
the State. the Constitution of the State
be amended by Incorporating therein
the following provisions. to-wit:
by . vote Of three-fourths Of all the
members Of the Board Of Liquidation
City Debt. approved by resolution OF the
Commission Council. or its successor N
The governing body Of said m na91 ty
the members Of said council or govern
ing body. shall have power and 10 here
by authorized to issue Nine Million DOL
ci.y 81 New q Orleans Serial Goid
Bonds" and to bear such rate Of inter-
est al the Board OF Liquidation, City
Debt. may nix from time to time as each
installment Of said bonds IN offered for
sale ~ hereinafter provided.
Section :. Three Million Dollars (S3.-
900 ,OOO), In par value, Of the bonds au-
thorized by Section Of this amendment
shall forthwith be sold.
The proceeds Of said three million
dollars Of bonds shall be applied exclu-
sively to the following purposes and In
the following order:
ana unpaid School Teachers' salary
Bond. .! the CITY y Of Ne -. Orleans" t.
ssmbly Of the State Of Louisiana xor
the year 1905. which bonds shall be
ca! Is.i. for payment and paid as soon a.
o. The payment of the principa, OF
Board q Directors Of ths Pub:
evidenced by note or notes out
of this amencment to on amount no.
exceeding Six Hundred and Fifty Thou
sand Dollars ($650.000): provided that
In the event that said indebtedness or
by said Board out OF its current revs-
nues previous to the adoption OF this
amendment. the amount thus paid (not
to exceed $650.o00. however,. shall be
used BY It for school purposes. ~ pro-
lcl Tho payment Of the sum Of FIVE
Hundred Thousand Dollars lSsoo.ooo).
City Of New Orleans for storm emergen-
cy purposes in the year 1915;
td) The payment OF the overdraft or
New Orleans to its fiscal agents or other
banks representing loans or advances
made by them to said city. other than
those referred to in paragraph (c) Of
ing In principal and Interest the sum
Of One Million Three Hundred and FIJI
~ Thousand Dollars tSl.35o: ooo); and
tel Tho balance OF said proceeds
Board Of ksquidation. City Debt for the
payment d Public improvement Certin-
Gates Of the City OF New Orleans. as set
forth ae. in SECTION Of this amend%ent T.,
bonds authorized by Section Of this
amendment. or so much thereof as may
be necessary, shall be sold. from time 20
Liquidation. City Debt. may determine.
and the proceeds Of the sale thereon
shall be spilled by said Board to the
4 as ~ Hes Sn e c :; n.
General Assembly Of the State Of Louise
lana for the year 1908. and acts amends
tory thereof. and presently outstanding
any made an oefore t Rasm amend.
ment takes effect at their respective
maturities Tor when said maturities can
BE- anticipsted upon terms satisfactory
Said Act No. IS Of 1908 and all
amendments thereof. a. we'll a. all stat
utes upon the same subject. ana 10
The az a ana the No state Ct
Louisiana for the year 1910. and other
statutes on the same subject matter. a
may affect apply or pertain to the City
hereby repealed: nevertheless Public
improvement Certificates may be issued
In the manner provided by said Act No.
payment Of any contract made before
this amendment takes effect.
Section e. The City Of New Orleans
may also issue and negotiate its bonds
in number and amount Of the property
taxpayers. Who shall have been assessed
for property In said city ~ shown by
the last assessment made prior to the
said property taxpayers and who are
otherwise qualified to vote under the
Constitution and laws OF this State.
;, set. Of ~
the members Of the Commission Coun-
ell. or Its successor as the governing
body OF said city Of New Orleans. and
tton 10 ordered shall be also adopted BY
. vote Of three-fourths OF all the menu
bere Of the Board Of Liquidation. City
Debt Due notice of said election shall
Re published for thirty days in the off,
c'al journal OF said city tfour weekly
insertions OF said notice constituting 4
publication for thirty DAYS. provided
thirty days Intervene between the date
OF the first Insertion and the date OF
said elecllon)
No bonds shall be Issued under this
section for any other purpose or for
any greater amount than that stated IN
the submission OF the proposition to
said taxpayers.
thence. ssormgor other public calamity.
the City OF New Orleans shall have
power by t~"-thiris vote of all the
members Of the Commission Council. or
It's successor a. the governing body OF
said city. concurred in by a three
fourths vote of all the members Of the
Board Of Liquidation. City Debt, to
borrow money AND issue and negotiate
bonds IN such sum. not exceeding Five |
Hundred Thousand Dollars (s5OO, OOO). I
~ shall be necessary In any one such
emergency.
Section 8. For the purpose or re-
funding all or any part OF the bonded |
Indebtedness OF the City OF New Orleans |
existing at the time of the adoption of |
t. time be Issued and negotiated. When |
any Of the issues OF the bonds OF said |
city outstanding at the time Of the adop- |
ton OF this amendment shall become |
statutes under which they are respec-
lively issued. or when the consent Of |
al the holders OF any such issue OF |
bonds can be secured. the Board OF LII |
ouidation. City Debt, shall have the
any one or more OF said issues Of bonds, |
and shall be authorized by resolution !
duly adopted to issue and Negotiate |
bonds to provide the funds necessary |
that n m h0y hA 10 A$