The true Democrat. [volume] (Bayou Sara [La.]) 1892-1928, 1916-11-04
CONSTITUTIONAL AMENDMENTS.

ACT NO, =,
House IHl. 4U IS AIg BsrUs
HF4#r.HE EE..ftt THyrfIA

81. but4T, tAFaah at orleans, respective
Ii the ISSUANCE 81 serial bonds b said
u.b tn, pugpHsg fer aHd the manner
tB IS HgsB same luHg be issued and the
aatiss aud functions II thc board o.
Liquidation. city Debt. aith reference
lhsfctn, AMI the les lnE by the ttiy
at NsH Orleans aud the BOARD oi
~rluui Directors. Parish ut Orleans
IsspertHtb. IT certain tases tot sen
tTI municipal and school purposes
sHa p4ot ding f1f the subia!aAj0n 81
aata Amendment So the electors OF the
state lvl their approval or rejection
itE "A enacted ~ the General Assembly
u lhU state uf Louisiana, tao thirds ui
stl the WtmHeJs elected to each House
yuuruffiuE, that subject 10 the rat,hea
AuH and approval 70 the electors Of tbs
state, the Constitution II the state he
amended b5 Incorporating therein the fed
ewing pros latuts 70 VII.
section / The city 1t New Orleans, hy
sNutt III Three iuHrths ~ all the members
vi the Hoard ri Liquidation, CITY Debt,
approved bs resolution Of the Commission
CU4ngll aI ta successor as the governing
Nody Of said municipality adopted by a
cote al tAu- thirds ui all members Of said
council uy governing body, shall hsNs
power atd Is hereby authorized &c issue
Nine Million Dollars a. ee geel 81 bonds,
40 be styled CITY 81 SeN Orleans Serial
iuld l{uaas aaJ 90 bear such rate OF
Interest "a ths Board II Liquidation. Itty
Debt uHa} Is from time 10 time as each
tpslaiineut of said bonds Is offered for
ale as hereinafter provided
section : Three Million Dollars 90
80. e1Ul. "a pat value. 81 the bonds au.
thuriGel by Section | 81 this amendment
shall forthwith be sold
The proceeds IT said three million
dollar. IL bombs shall he applied eHgtu
ssyep 10 the following purposes and in
the fullgN lbs ngtef
tal The payment If tbs outstanding and
unpaid ~ hnol Teachers SALARY bonds vi
she city ~ Ntw Orleans, issued under
Act Ne. 3 Of the General Assembly oi the
state OF Louisiana fer the year 1906, Which
bonds shall he called for payment dnd
paid a. soon as practicable.
thl The paytneHt ~ tle principal 81 Tie
floating indebtedness % the Beard Of III
reCtufs az the tubiie schools. Parish OF
orleans evidenced hy note OF notes uut
standing AZ the time ~ the adoption of
his amendment 90 an amount not "a
esedlGg Slk hundred and FIFTY Thousand
Dollars t6ae. bbHl pros ided that, III the
event that said indebtedness or ATS part
thefsoi shall have hsen paid by said
ituts uat ~ its current revenues pre-
slUus b. the adoption ~ this amendment,
the amount thus pHld mot 30 exceed $3.50,
100, hoaeyoFl. shall be paid over III cash
Va said Hoard o. he used Is Il Ter school
purposes, ar provided b. law
lcl The payment 81 the Fuu 81 rave
Hundred Thousand Dollars 8aHH ueeJ, with
interest thereon. borrow ed by the s1ty ei
Sew Orleans far Storm emergency par
poses 81 ihe year iJis
ldl the pa} mpnt of the uyeFirsIt al
other indebtedness due bF thg ttty 81 New
urlesfs ta It's fiscal agents or other hanks
fuUTeHH E1lEE loans uF advances made by
them 60 aAll gIty, other than those re.
lryfri ca uB paragraph lgl " this section,
"a aN amount not exceeding ma prime pal
iHa interest tht aHtu n BHe Million Three
hundred and tfy Thousand Dollars
81 800 0Hbl and
seJ rms b4tansr of saiu prueyoas snail
Gee used aud yWpla3 ed b} The Board ut
Liquidation GtJy heht fuF the payment
~ Public lmprus eWeut certificates II the
ttty 81 Srw Orleans. as set forth ~
Section 3 81 this amendment
section s. The remainder 81 the bonds
authorized Is Section uf thla amend
u,nt 81 So much thereof as uay be
necessary. shall bs sold, from time 81
t,me Ia Rurh amounts a. the hoard Uf
Liquidation, ,'lsy Debt mAE determine.
aud tHF proceeds ~ he sale thereof shall
Iar apIItet Is said beard tu the pa Weut
~ Public Improvement Certificates an.
thuTIEnA ty Act SO 90 81 the General
Assembly % the state u Louisiana for
the year 1898. and acts JfueHdatof} There.
81. and presently outstanding at Issued
al any time in payment ~ aHy contract
made before this amendment takes eagrt
a their respective uatufitles ~ when
aad mtf4utlts can be anticipated upon
tsfns gatiS'art9ry 10 said Beard
said Acf 80 Be Of iaHs and all amend
ments thereto, as wctl as all statutes upon
the same subject and so much 81 Atts
80. Us and Ne 40 at the General As
Eemhly ~ the state al Louisiana for the
year 1910 and other statutes ur the same
subject Haflsf Us mas affect appiy OF
psrtRlH 10 the tIfE Of New Orleans be
sud the sarue are hereby repealed never
tieiesa Public Improvement Certificates
may be ISSUED ia the manner provided By
said Act No. 5b al 1888. ana amendments
thereof iu AJ mrHi ot any contract made
before this amendment takes effect
Section & The cts 81 New Orleans
may alau issue aud negotiate It's bends
when authorized by a vote uf a majority
ST. numhei ASH amount OF the property
taxpayers Who shall have been assessed
for property iH saBi CitY as shown bt the
last assessment made prior 10 tie subnnis
siun ~ the proposition Ia the said property
IaxlAYsts and y ha are Otherwise qualified
60 sUte under the Constitution aud laws
~ this State, voting ~ An election called
hy ordinance adopted h} vote AZ two.
thlFdS - all the tHen,betR II the Commits
sion Council OF tts successor nv the gov
srniuK body Of said cts of New Orleans
aud which ordinance before any such
election ts ordered shall ho also adopted
bY a vote az three. fnutths ~ All the mem
berA IL the iiuard ~ Liquidation. Its
tisbt tsue notice 81 said election shall be
luhishei for thirty DAYS th tine official
Journal ot said city tour weekly insertions
- said notice constituting a publication
fpF thirty dhSr providing thirty DAYS IN
tsryeue between the date II the hrsl
insertion and She date ~ said sleCtionl
No bends shall be Issued under thit
section for any utbeT purpose or for any
Ireaftf amount than stated IN the sub
mission of the proposition 10 said tas
payers
SECTION S. IN ease II IRE. food. peNti
lance. slufm or other public calamity, the
rttg ~ New orleans shall have power
rs a twe-thirds vote If ali the members
= The Commission Council OF Its sue
regbo7 as the governing body ~ said city,
cuueurTgd IN by a Three fuurths vote OF
al the members ~ the Beara of l.l4uida
tlan city Debt. 60 borrow money and
.ssue and negotiate bonds Ia such sun
aot exceeding Five Hundred Thousand
toisars 1aGa eHUl, asa shall be necessary
1u any oHe such emergency.
section For the purpose of refuudlhF
AZ or any part 81 the bonded Indebtedness
q the tAtF ~ New orleans existing al the
time If the adoption of this amendment,
itufids may from time % time be issued
aWts negotiated When ans ~ The issues
Il the huHds II said lgty outstanding az
the time Of ths adoption ~ this amend
atent shall become sallabie according to
their terms ar the statutes under which
theg are respectively issued or when the
inHseHt ~ All the holders IT ANY such
ishtt ~ huuHs can be secured the Heard
IL Liquidation Ditt beht shall have the
eht iH stR dIseretioH 80 rSll and PAY aHy
enc 81 more If said issues At bonds and
B4Ali be authorized hN resolution duly