Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1916-10-13
PROPOSED
AMENDMENTS
TO THE
CONSTITUTION OF LOUIS
lana
Adopted at the Session of the
Legislature of 1916.
To Be Voted On at the Congress
sional Election.
Act No. 4

RTop0DlnR an amendment 10 tic SohSei-
tuition OF the State of Louisiana pro-
vtding for: The funding of certain
debts Of the City of New Orleans and
Of the Board OF Directors OF the Pup-
spsstivsly 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
reference thereto; and the levying by
che City Of New Orleans and the
Board Of Schoo, Directors. Parish OF
Orleans. respectively. OF certain taxes
poses; and providing for the submits
sion Of said amendment to the cleo
tors of the State for their approval
or rejection.
BE Il enacted by the General Assem-
bly, Of the State Of Louisiana. two-thfrds
81 ali the members elected to each house
eoocurring. that subject to the ratinca.
lion and approval of the electors or
the State. the Constitution of the State
s q: s folio%ins pyyovision1 ,oWit
Section /. The City OF New Orleans
By q vote Of three-fourths of all the
members OF the Board OF Liquidation
CITY Debt. approved by resolution OF the
TIE governing body OF said municipality.
adopted by q vote Of two-thirds Of all
the members Of said council or govern
nag body. shall have power and is here
icrs (Ss.o00.0oo) Of bonds. to be styled
City OF New Orleans Serial Gold
Bonds." and to bear such rate OF inter-
est - the Board Of Liquidation dat CITY
installment Of said bonds is offered for
sale ~ hereinafter provided
Section :. Three Million Dollars (S3.-
eee.oool. IN par value. of the bonds au.
shall forthwith be sold.
~ ~
dollars Of bonds shall be applied exclu-
sively 70 the following purposes and In
the following order:
60 Tn: payment, Of the .ss outstanding an ng
cnd SnS pc the city Of Ne% orieans is
susd under Act No Q Of the General As
ssmbly OF the State of Louisiana ror
the year 1906. which bonds shall be
called for payment and paid as soon as
o. The payment Of the principal of
de floating indebtedness of the
Board Of Directors Of the Pub
lie Schools; Parish Of .,s Orleans aI,
:..ssins a. tn. tim. Of the : adoption
Of this amendment to an amount NO
exceeding Six Hundred and Fifty Thou
sand Dollars l$650.0oO: provided that
any part thereof shall have been paid
b. said Board out OF its current reve-
nues previous to the adoption OF this
amendment, the amount thus paid (not
20 exceed ssso.ooo. however,. shall be
paid over in cash to said Board to be
used by II for school purposes. as pro-
lel The payment Of the sum Of Five
Hundred Thousand Dollars N5oo.Ooo),
With interest thereon, borrowed by the
City Of New Orleans for storm emergen-
~ purposes in the year 1915:
(d) Tho payment of the overdraft or
other Indebtedness due by the City. of
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 0l.35o.0oo): and
te) The balance Of said proceeds
she. b; used and s% 9I gsS, BY by II:
payment OF Public Improvement Certin-
Gates OF the City Of New Orleans. as set
forth In Section Of this amendment
Section ;. The remainder Of the
bonds authorised by Section ! OF thi.
be necessary, shall be sold. from time 10
time. In such amounts as the Board OF
Liquidation. City Debt. may determine
shali be applied by said Board to the
payment Of Public Improvement Certil-
Gates authorized by Act No. Sc Of the
General Assembly Of the State Of Louis
tory thereof. and presently outstanding
any contract made before this amend.
msnt takes effect. at their respective
3 anticipated upon terms satisfactor,
SAID Act No. So Of 1908 and al
usss upon the ''s same suSjecs ana
much Of Acts No. 128 and No. 270 o.
the General Assembly Of the State o.
Louisiana for the year 1910. and othe
statutes on the same subject matter. a
may AFFECT apply or pertain to the Cit.
OF New Orleans, be and the same ar,
hereby repealed; nevertheless Publi
In the manner provided by said Act Nc
80 Of 1908. and amendments thereof. Il
payment Of any contract made befor
1his amendment takes effect.
Section I. The City Of New Orlean
may also issue and negotiate its bond
when authorized by a vote OF q majorIr
In number and amount or the propert
taxpayers. who shall have been assesses
the last assessment made prior to tn
submission of the proposition to tn
said property taxpayers and who ar
and aw 20 t Shses
voting at an election called by ordinanc
adopted by q vote Of two-thirds of al
the members OF the Commission Cour
body Of said City Of New orleans. an
which ordinance before any such cleo
ton 10 ordered shall be also adopted b
. vote Of thrse-fourths Of all the mem
ksrs Of the Board Of Liquidation. Cit
Debt Due notice OF said election sha
be published for thirty days in the of
cial Journal of said city flour week.
insertions of said notice constituting
publication for thirty days. provide
thirty days intervene between the da,
OF the first insertion and the date {
said elecuon).
section for any other purpose or fc
any greater amount than that stated
the submission Of the proposition
said taxpayers.
thence. storm or other public calamit
the City Of New Orleans shall ha,
power. by a two-thirds vote of all n
members OF the Commission Council.
its successor as the governing body
aaid city, concurred in by a thre,
fourths vote of all the members of Il
Board Of Liquidation. City Debt.
borrow money and issue and negotia
bonds In such sum. not exceeding FIJI
Hundred Thousand Dollars ($500. 600
Section s. For the purpose OF r
funding all or any part of the bond'
Indebtedness OF the CITY Of New orleal
this amendment. bonds may from tin
to time be issued and negotiated. WIZ
any Of the issues Of the bonds OF sa
city outstanding at the time OF the ado
tion OF this amendment shall becor
cailabls according to their terms or I,
statutes under which they are respe
tively issued, or when the consent
All fhs holders of any such issue
bonds oaa be secured. the Board OF
oufdauon. City Debt, shall have q
ri1ht In In discretion to call and p,
any one or moro Of said issues Of bond
"a shall BE- authorised by resoluti'
daily adopted 60 issue and negotia
bo1ds 30 provide the funds necessa
f6r that purpose; provided. howev'
at Ia 10 event shall the par value
- 6onds % sold and negotiated G
- IT, par value Of the bonded I