Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1916-11-03

Il
l or the Public Schools Parish of Orleans.
or Its legal successor. shall not capi-
tailze the whole or any part OF the
taxes which by this amendment II IL au-
thorized to levy. nor fund the same into
bonds. nor borrow money in anticipation
OF the collection thereof; provided that
SAID board may. in any calendar year.
In anticipation of the collection Of the
taxes of such calendar year and for the
purpose for which such taxes are levied.
borrow such sums as shall not be in ex-
cess OF the amount Of its unsolicited
taxes OF such year. and may issue its
| notes or other evidences of Indebtedness
therefor. and such sums. notes or other
evidences OF Indebtedness shall be pay
able only out of the taxes of the calen-
oar year in which said loan or loans
ness shall not be payable out of any
other funds or moneys whatever; pro-
vided. however no moneys shall be bor-
rowed by said Board for any other pur-
event shall any money be borrowed py
said Board to make or to pay for per-
manent improvements; and provided
further. that said BOARD shall not MAKE
any contract or incur any debt or obli-
cation unless sufficient funds not other
wise appropriated. to pay and discharge
the same are actually in the treasurey
OF said Board at the time of making
said contract or mourning said debt or
obligation and are specially set aside
and dedicated to said purpose. except as
may be hereinabove specially provided.
Said Board shall annually and prior
to the beginning Of the scholastic year
prepare a budget Of its receipts and ex-
penditures and said budget. before II
becomes effective. must be approved by
the Commission Council of the City Of
New Orleans. or its successor as the
governing body OF said City. and all APP
propriations by or expenditures of said
shall likewise before becoming effective
be approved by said Commission Coun-
ell or its said successor;
Provided that nothing herein shall
be taken or construed as authorizing
the Commission Council or its sue
cessor to change. alter. substitute or
eliminate any of the items of the
budget thus submitted: the true in
tent and meaning hereof being that
the said council or its successors shall
over said budget, except to the extent
Of ascertaining whether the proposed
expenditures as exhibited by said
budget are within the probable and
estimated revenues of said Board OF
Directors of the Public Schools. Par
ish of Orleans.
Section 20. The Inhibition herein
established against the City OF New
Orleans and the Board Of Directors Of
the Public Schools. Parish Of Orleans.
or either of them, borrowing money.
their revenues. capitalize
other evidences of debt. shall apply
to all boards. commissions or bodies
created by or under the authority of
the Common Council of the City of
body of said city.
Section Fl. The provisions hereof
are self-operative. and the City Of
New Orleans and the several boards
and bodies herein referred to shall
carry the Same into effect.
pa IA fa1 4Ha 49,
proposed by this act shall
be submitted to the electors of the
state for their approval or rejection
at the Congressional election to be
held on the first Tuesday after the
arst Monday in the month of Novem-
Der. 1916; that there shall be printed
on the official ballots to be used at
said election the words:
For the proposed amendment to |
the Constitution of the State Of Louis |
tain debts Of the City of New Orleans |
and Of the Board Of Directors Of the |
Public Schools. Parish Of Orleans"
and the words:
Against the proposed amendment to |
he Constitution Of the State of Louis |
ana providing for the funding of GER
lain debts Of the City of New Orleans |
md Of the Board Of Directors of the |
Public Schools. Parish Of Orleans:'
md that each elector shall Indicate |
IN the Dallot cast Dy MIN. as provided
,y the general election laws Of the |
State, whether he votes for or against
he proposed amendment.
HEWITT BOUANCHAUD.
Speaker Of the House Of Representa-
tives.
FERNAND MOUTON,
lieutenant Governor and President Of
the Senate.
Approved: June 8, 1916.
r. G. PLEASANT,
Governor Of the State Of Louisiana.
true copy:
JAMES J. BAILEY,
Secretary OF State.