The Natchitoches enterprise., 1916-10-26

sr incur any debt or obligation for any
purpose whatsoever unless Suthclen1
funcS, not otherwise approp -iate1. tc
pay and discharge S2E-a are actually II
the treasury o. sad city at the time Of
making the cl-.tart or mourning tna
set aside anI ,;e .icAtsd to said purpose
unless herein et:srw.se ptoviisd. The
fcre=6inE limitation ana restriction
shall net apply Or re held to apply &c
contracts o. or iGat'on incurred with
respect TO the Furnishing to sGid city ~
light. heat or power, water. telephone
service or garbage removal or destruc'
tton.
The said city may in any caienHaI
year In antici patton OF the collection OF
the taxes or slch calendar year, and for
the purposes for which S1ch taxes are
leviesl, borrow such sums as shaft not
ne Ir rxeeSS OF Che a!nGat.t OF its un-
collected t&xes OF such year. AMI may
issEe It's notes or other evidences ol
In Indebtedness therefor. and such sum
Eess siRll be payable only out Of the
taxes OF the caler,iar year in which said
loan or 1oaEs arr Srst male. tn3 tOE
which indebtedness said revenues shall
be pled%eG, aid said ~ 1T. ,eks S'iaH
not be payable out Of any other tGnds
or moneys whatsoever No money shall
be borrowed by the said city EXCEPT EUT
current municipal parDcses, and In NO
event shall any moley be borrowed BY
said city t. make ar ~ pay for works
Of public Improvement Said city may
issue for street paving purposes cefttn-
Gates on it's fait.l and credit pursuant to
legislative authority. to an amount not
which have been or shall be made for
such purposes. Such paving certificates
hereafter iksue1 shall be charReabie
primarily against the special assess
ments in respect OF which they are is-
arA 10 VIII fhA
nues of the City OF New Orleans derived
from taxation for general municipal
purposes and from sources other than
the taxes for the payment of the prtncl-
pal ami interest Of the bonds now out
standing or hereafter 20 be issued un-
der this paving osrtinca tes only In the
event and to the extent that sucn
amendment. which revnues shall be ap-
ments shall be insufficient for such pay
meut and reimbursement shall be made
to the general funds of ths City OF New
Orlea1s when the assessments are col
lectsi t. ths xtent OF the amount that
the said general funds shall have con-
tributed to the payment aforesaid. 30
much Of Act No. 23 Of the General A.
sembly OF the State Of Louisiana for tire
year 1914 as may be inconsistent here
with ie hereby repealed. and hereafter
upon the pledge of the reserve fund OF
the City of New Orleans, but such GER
tincates shall he secured as herein and
otherwise provided for By said act or
subsequent legislative authority not III
conrIcf herewith; provided. however
that paving certificates. fer which the
faith and credit of the City OF Kew Or
leans shall be pledged whether issued
or under subsequent legislation. shall
not 1T any one time be outstanding In
an amount In eSreSs Of Five Million
Dollars ts5.oce.o0o) in face value.
section 10. The total issue Of sonds
By the city Of New ORR ,ans for ala pur-
poses shall never exceed ten par centum
OF the assessed Variation Of the proper
ty In said city provided. however. thar
nOitheF the bonds ISSUED for water
sewerage and dratnaye purposes tnaln~-
Bonds ieeued under said Act No. s Of
1898 and the ss.ooo.o0e New Pub
lie Improvement Bonds issued IN
der Act No. 10 Of the General
Assembly Of the State OF Louisiana
for the year 1906. ard act.
Amendat0ry thereof aEd supplemental
thereto. AZ wen as such bon..s, kereDs
or hereafter authorized. into which the
HfnNaNas@ hnnAA nE al nMx 4hafnE naav
40. lis of the General Assembly Of che
State Of Louisiana for the year 1906
nor any bonds hereafter authorised for
Public Belt Railroad purposes nor any
9OnOE Which EfAR hereafter % 1AHuGO
for water supply or for the acquisition
Or construction Of any revenue produ0-
Ing public utility. nor any paving certtn-
cetes primarily chargeable against spO-
cial assessments for street paving, shall
be included in computing the Indebted
ness OF said City Of New Orleans under
this Limitation; and provided further
that emergency bonds may be issued as
authorized in Section 8 Of this amend
ment even tho1gh said Limitation shall
raoHfnA oF0vfA&d that
Nine Million Dollars OF bonds authorized
by Section / Of this amendment shall
not be subject to the limitation herein
ixed at the time or times that Same
any other bonds that may be issued
hereafter under this amendment there
shall be included IN the computation
aid Nine Million Dollars OF bonds. not
Nine Million Dollars OF bonds shall not
have been actually issued, and suen
AMOUNT of emergency bonds - may be
EheA outstanding.
Section IL The Board Of Liqui0a-
lion. city Debt, as now organized and
functions prescribed by existing laws
md by this amendment, shall Be con-
.inued while any bonds authorised pY
his amendment are outstanding and un.
Tor the payment OF said bonds shall day
~ day a. coJlerted, be paid over 70 Uaid
8oard, and shall by Il be applied in pay
nent OF the principal and interest OF
Daid bonds; and sad board shall with
respect 10 all bonds authorized BY tfIs
be entitled to exercise All
he rights and enforce the performances
" all the obligations. the same Rs IL IL
authorised 20 do under laws existing at
he time of the adoption OF this amend
nent with respect to any Of the present
y outstanding boncs OF said cry or
tew Orleans. All funda, property and
hings OF value held by the Board Of LII
lui6ation City Debt. FOR bnn3a3 debt
purposes other than taxes now or here
Ifter levieA. az particularly all funds
property and th'n2s or value now or
hereafter held by said Baar3 un..er Act
70. 13s OF the General sag,nhiy of thr
Itate OF I<ouiE'ars FOR tns year 1850
nd all amendF7e:tS thereto. shall when
eieaasd from cor tract .nhligations nt
imposed by laws existing 81
he time Of tie adoption Of this amend
nent be uEei 5rd ernpsoyed In the diF-
restion as said Board in rayment and
etiTemenf Of any bonds If the City o.
few Orleans then outstanding
section rs. For general municipal
exclusive OF the support ana
o. the puolic seho0is eno
he payment Of the bonded debt Of the
'ity ~ tsew rr'sanr said city may in
arb year lsVy nron ai, taxable property
Eithtn EAId ettr tax not eFceeJins
TX and nne-haie a1!;is on the dellar OF
he aseeeAAa taiast..pr thereof: pro-
'ided. haw%vef. that shen the one per
eht debt tax aata0-isAA by sai3 Act So
IL OF 1880 anti the two mill water aDd
e.TsT tar aItt ~. -eT hy said Act No s
( 1879? shall bott :.aFe ceased to Ne lev.
ed. AMI X ths-aafts- the taxes i4ried ~
hA City .: New Orleans In any ore
car for bon.iei heJt purposes Be less /.
'lar ten mills said csty may In. stten
vents ievT fer it's general purpcEss
ueh additional tar which. when adta1
. the tax Of SIX and ons-half r1ifs
eres-y aatharfxes ans fhe taxes lev3@d
or the payrfert ~ the principal and
interest 0f its asnis A. they severziiy
ature shall not ases44 in the agnre-
ate aix&Aeh ana or haif mills.
aecs;0r is. s'hE reservation Of twen-
v Ter ess. If TIE ra~eness af tire CITY
Z New isr!esnE shsii act heres fter be
.aAe as a.resae] by Section 40 OF the
.ct No ikF oE the General Aeskuacly Of
he state Of Louisiana for the year
g1z. except insofar as the fund 20 az
scted to he reserved shall have been
prropristed or dedicated before this
r.en9ment takes effect to the payment :
( any obIiGaticu OF the CITY Of New
IrleAns. and said reserve fund OF each