The Caldwell watchman. (Columbia, La.) 1885-1946, 1916-09-29
PROPOSED
AMENDMENTS
TO THE
CONSTITUTION OF LOUIS
lana
Adopted at the Session of the
Legislature of 1916.
To Be Voted On at the Congress
Si0nal Election.
Act No. 4


YTo,,eo r,nI No ~. NJ I,-rr.
ri,I\,r p,-c,Dr link.
pro-oei,'., .,....i
+,I =, rlE.' arr,
v{firg FOR. T.t,, f,,,t'',,r ~ ,.,.,t., i,
H-bts az i've one -. w. prl,....,.. ,,,''
~ IVA pr"rl 80, '1,i,..It,,r. ~, 49,, l',L
lie SrhnnIs In,irh 81 I,I..,., re-
rmoc,l,,e,,, ,b. ;e.'.,,ca ~ s'.,..I ,onr,
-. g',, ',,- 49,, ,'',,.,,.l, TO- .',.l t..
..''n L,Ii t,Y',, '. ..',., '''
a|I ,ra Grtioe oni y,,,',.t,,... aI ~.
+aT'r,. ., 49, '.,.." T.,
the nv Of New Or.ra.- a.I the
Board OF School Directors, Parish OF
Orleans. rr-i,rntIyrly OF certain taxes
for general munictpaI aru SCHOOL rur.
poses; and providing for t"r submits
sion Of said amendment I" the ri"r.
tors Of the state for their approval
or rejection.
Be it enacted ny the GcncT"! Assem-
bly, Of the State Of Louisiana. tWo-thjrGs
OF all the members elected t. each house
concurrtng, that Subject to a." latHt"a1
ton and approval Of the electors Of
the State, the Constitution Of the state
be amended by INCORPORATING ueie!h
the Following provisions, to-Wit:
Section /. The city OF New Orleans.
by vote of three-fourths Of all the
members of the Board Of Liquidation
City Debt. approved hy resolution Of the
Commission Council, or its successor as
the governing body of SAID munlcpaiLty,
adopted by vote Of two thirds Of all
the members Of said council "r govern
ing body, shall have power and is here
by authorized to issue Nine Million Dol
lars $4,000. 000) of bonds. to be styled
CITY OF New Orleans Serial Gold
Bonds and to bear such rate Of inter
est as the Board Of Liquidation city
Debt may fix from time to time AS each
tnstallment of said bonds Is offered for
sale as hereinafter provided.
Section 2. Three Million Dollars fs3-
nm 000V IN nar ral,Ia of tho hor
fh0rized nv Section ! Of mis- amendment
shall forthwith he sold
~ ,, 49,.
,I nne ptoEteus " SaIu tIIee hnlllioh
uoiIaIo VI pohuS sllaIl pe appl4eu eAGiu-
stVeiS ~ tiIe lo.ioN"s purposes anu III
the following oFder:
ca The payment of the outstanding
ard unpaid school Teachers Salary
Bonds or the City OF New Orleans" is
sued under Act No 2 of the General AS
sembly of the State of Louisiana ror
called for payment and paid as soon as
practicable;
CD The payment of the principal OF
the floating Indebtedness Of the
Board Of Directors of the Pub
lie Schools, Parish of Orleans,
evidenced by note or notes out
Rtandine at the time NJ tho adontion
of this amendment to an amcnnt no
exceedInp Six Ii1ndreS and Wifi ,r, ~,
san6 D,I,ars 1880. Door: pr5Vfdeu that
in the event that said Indebtedness or
any part thereof shall have been paid
nv said Board out Of its current reve-
mas previous to the adoption of this
70 exceed 5000 however,, shall be
maid over in cash to said Board to pc
,sad bv itrsor school Durnoses as pro-
yided bv law;
(c) The payment of the sum of Five
Hundred Thousand Dollars $500, OOO).
-.i.h ,nter.st thereon borrowed nv tne
Citv of New Orleans for storm emergen-
CIV purposes in the year 1915;
az THE navment of the oyerdraft or
49, .ar ,ndohtntnass dine hv the CITY of
Nv Orleans to it's fiscal agents or other
h.nrs renresentinp loans or advances
pa,tnS NV tban, r. said civ other than
thnso rsferred TO in naragranh (c) OF
thfs saction TO an amount not exceed
10 IN nrincinol and interest the sum
~ Ono Miliion Three Hundred and FIJI
ty Thousond DolIars (sI 3hO OOO). and
(al Tho balance Of said proceeds
.hoi 10 nSed and emnlovad nv the
pnard of Iinuidation. civ Debt. for the
Of m l.
$50 ~ tho Citv of New Orleans MS SET
800 ~ Saotinn ne mis- amandmant
cnotin- Srbe remajnder of the
hon6. outhorizad NV Section I or this
.~sn1mant nv ca nourh thereof as NAV
he nacessarv shat, he sold, from time II,
fime In such amounts as the BOARD OF
ItHn,da+,on Citv Deht nav dntaruine
~ ~ nrocao3s ~ tho soln thnraof
she,, no annIfed nv said BOARD TO the
navment az Pnhlic Improvement Certif-
co}os authorized nv Act No "a Of the
General Assembly Of the state of Louis
lana for the wear 1908, and acts amenda-
torv thereof and nresently outstanding
or issued az anv time in pavment of
anv contract made before this amend,
ment takes effect, at their respective
msturities or when said maturities car
he Anticipated upon terms satisfactory
TO said Board
Said Act No. Sc of 1908 and al
Amendments thereof as well as all stat
utes upon the same subject and 81
much of Acts No. l2S and No. 27O o
the General Assembly OF the State o
Louisiana for the year 1910. and othe
statutes on the same subject matter. a
NAV affect, apply or pertain to the Cit,
hereby repealed: nevertheless Publi
Improvement Certificates may be issue
in the manner provided by said Act Nc
Sc of 1905 and amendments thereof, |
payment of any contract made betor
this amendment takes effect.
Section l. The City of New Orlean
may also issue and negotiate its bond
when authorized by vote of major,
in number and amount Of the prOpert
taxpayers. who shall have been assesse
for property in said city as shown b
the last assessment made PRIOR TO tn
submission OF tne propos,tion t W III
said properly taAbate's anu ,, Mao a. a.
C CtnetM,,i and laws OF this Stat