St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1916-11-04

me taxes Tor the payment OF the pr1nci.
standing or hereafter to be issued un-
der this paving certificates only In the
event and to the extent that such
amendment. which revnues shall bs ap-
Piled In payment OF such special assess
ments shall be insufficient for such pay
mont, and reimbursement shall be made
to the general funds of the City of New
Orleans .a when he the assessments are col:
the said general funds shall have con-
trtbuted to the payment aforesaid. So
much OF Act No. 23 OF the General Az
year 1914 as may be inconsistent here
With e hereby repealed. and hereafter
no paving certificates shall be issued
npon the pledge Of the reserve fund Of
ttdcatee shall be secured az herein and
otherwise provided for by said act or
s suntte. lesislativs authority mot y
faith and credit Of the City Of New Or
leans shall be pledged. whether issued
under the aforesaid Act No. 3 OF 1914.
or snder subssauent Hesitation. shan
Dollars (;s. ooo. ooo5 in face value. ''
Section Is. The total issue OF bonds
n By sae .S CITY OF New Orleans for I'll pur-
Of the assessed valuation Of the proper
II in said city provided, however. that
nsather the bonds issued for water.
r.. ana o6 dosn1s;
Bcnds issued under said Act No. Of
1899 and the $1,000 900 New Pub-
lilo Improvement Bonds issued un-
Der Act Ho: y Of the General
sn.ndstory thereof and and supplemental TI tsi
thereto. a. we'll a. such bonds, hereby
o. hereafter authorized. into which the
s NOR the IN; PuDie
Belt Railroad Bonds authorised by Act
No. 170 Of the General Assembly Of the
state Of Louisiana for the year 1905.
Public Belt Railroad purposes. nor any
bonds which may hereafter be issued
for water supply or for the acquisition
Or eo1seruction Of any revenue produe-
Gates primarily chargeable against spe-
clal assessments for street paving, shall
b included In computing the indebted
n me-. Of ,aid CITY Of New 9t,ssns under
dat emergency bonds may be issued 40
authorised in Section Of this ameno-
mont even though said Limitation shall
Nine Million Dollars OF bonds authorised
by Section l Of this amendment shall
not be subject 70 the limitation herein
d1e4 ct the time or times that same
any other bonds that may be issued
hereafter under this amendment tnere
shall hs included in the computation
:a Mss tss ss. s: Sf % a. a nes
N1as Million Dollars Of bonds shall not
have been actually issued. and sucn
amount Of emergency bonds ~ may be
Section Il; The Board Of Liquiaa;
created with the powers. duties ana
functions prescribed by existing laws
ana By this amendment. shall be com
this amendment are outstanding and UNI
for the payment Of said bonds shall. day
BY day ~ collected. be paid oyer to said
mont of the principal and interest Of
said bonds; and said board shall with
respect to all bonds authorised by this
the rights and enforce the performance
Of all the obligations. the same ~ 1t is
authorized to do under laws existing at
the time of the adoption Of this amend
II outstanding bonds Of said City OF
New Orleans. All funds. property and
things of value held by the Board of LIZ
quidation. City Debt. for bonded DEBT
after levied and particularly all funds,
property and things Of value now or
hereafter held by said Board under Act
state OF Louisiana for the year 1850
and all amendments thereto, shall when
released from contract obligations or
dedieatione imposed By laws existing at
ment be used ana employed in the dis
creation Of said Board In payment and
retirement Of any bonds Of the City OF
New Orleans then outstanding.
IL Gr 8 r.. m1ncDs
1 Of Of t t public :ehoo,s ara
City Of New Orleans, said city may in
within '1 said ID city = ta1 not .Rc ssis
six and one-hal{ mills On the dollar OF
th9 assessed valuation thereof; pro-
v1ded, however. that whsn the one per
10 Of 1880 asd the two nil water ana
sewer tax authorised BY said Act No s
q 1888 shall both have ceased to be lev
I'D, and Il thsreafter the taxes levied by
yssr tor bondsd debt purposes be loss
1han ten minis. said city may In suoh
svsnts ley for its general purpogee
och sdditionsl tsx which. when addsd
hereby authorised and the taxes levied
interest & e 6ends &C.,. .s they :sv:rslly
gate sixteen and one-half mills:
Section 1s. The reservation Of twen-
y Per cent Of the revenues OF the City
Of New Orleans shall not hereafter DO
1st No. ls5 & the asnsrsi Assembly 81 q
1917. except insofar ~ the fund 20 d.
rected to be reserved shall have been
appropriated or dedicated before this
amendment takes effect to the payment
Of any obligation Of the City of New
Orleans. and said reserve fund Of each
year. when released from the obligA-
lions charged against 1t by law and be-
cause Of contracts, existing ut the time
Of the adoption Of this amendment.
shall be used for general municipal pur-
poses
Section IT. For the support, mainte-
nance, construction and repair of the |
public Schools In the City Of New Or
Public Schools, Parish Of Orleans, or its
legal successor. shall levy annually |
such tax, not exceeding three and one
half mills, al said Board shall deem
necessary, which levy shall be certified |
by said Board to the Commission Coun-
g: q 1t ssh .s sntvre body ,s OF
cause the tax to be entered upon the |
sSainst iii taxable properly in said |
city % assessed and valued for CITY |
taxation purposes; and said tax shall bs |
collected By said city ana paid over to |
said Board Of Directors Of the. Public |
said tax shall be in lieu Of all taxes.
and funds now authorlz- |
I'd or directed to be levied or contrib |
uted BY the City OF New Orleans for
public e. school pu aJ" either by said
OF the Constitution Of this State. All
provisions to tho con-
trary. a. we'll AZ Act No. 263 Of the |
General Assembly Of the State Of Louis |
lana for the year 1914. ratified as an