St. Landry clarion. (Opelousas, La.) 1890-1921, 1916-10-28

~ and dl9eneree same are actuaAhs
the treasury Of IL city at the time of
making the contract or mourning the
debt or obligation Ind are specifically
set aside and dedicated to said p
unless herein otherwise provided, ane
shall not apply or be held to apply to
contracts Or obligation incurred with
respect to the furnishing to said city OF
service or garbage removal or destruc-
ton.
The said city nay in any calendar
year in anticipation of the collection OF
the taxes Of such calendar year, and Tor
the purposes for which such taxes are
levied, borrow such sums as shaI1 NOT
be in excess OF the amount or It's IN
collected taxes Of such year, q may
issue it's notes or other evidences OF
Indebtedness therefor, and such sum-
notes or other evidences Of indebted
ness shall be payable only cut OF the
taxes of the calendar year In which sald
or loans are first made. ana 1or
which indebtedness said revenues shah
be pledged, and said indebtedness snail
not be payable out OF any other funds
or moneys whatsoever No money n
be borrowed by the said city except xoE
current municipal purposes, and In no
event shall any money be borrowed by
said city to make or to pay Tor works
Of public improvement. Said city may
a issas 6 sor ,t stT fsi5d pa sn ! er eaTpo esrsu as1sin to
legislative authority, to IA amount not
In excess OF any special assessments
which have been or shall be made Tor
hereafter issued shall be c~harseable
primarily against the special assess
meRts in respect OF which hey are Is
sued. and secondartiy against the revs-
from taxation for general municipal
purposes and from sources other than
the x for the payment OF the pr1nci-
pal and interest of the bonds now out
~ ftn Sn@hn 0I1n IN
der this paving certificates only in the
event and to the extent that such
amendment, which shall be ap-
piled In payment OF such special assess
ment, and reimbursement shall be made
to the general funds of the City OF New
Orleans when the assessments are col
lected to the extent of the amount that
the said general funds shall have con
trfbuted to the payment aforesaid. Sc
much Of Act No. 23 of the General As
sembly Of the State of Louisiana for the
year 1914 as may be inconsistent mere
with is hereby repealed, and hereafter
no paving certificates shall be issued
upon the pledge of the reserve fund OF
the City Of New Orleans, but such GER
tifcates shall be secured as herein and
otherwise provided for by III act or
subsequent legislative authority not IN
onnict herewith; provided, however,
that paving certificates, for which the
faith and credit of the City of New Or
leans shall be pledged, whether issued
Under the aforesaid Act No. 2s of 1914.
or under subsequent legislation, h
not at any one time be outstanding in
an amount in excess of Five Million
Dollars ($5, 900, 000) In face value.
Section IS. The total issue of bonds
by the City OF New Orleans for all pur-
poses shall never exceed ten per centum
of the assessed valuation of the proper
neither the bonds ISSUED for water,
sewerage and drainage purposes name
ly, the S12. 900, 900 Public Improvement
Bonds issued under said Act No. s of
der Act No. ~ of the General
Assembly Of the State of Louisiana
for the year 1906, and acts
thereto. Is well as lei bonds, HEREBY
or hereafter authorized, into which the
aforesaid bonos or. any par Thereof may,
be ~refunded), nor the 100000 Public
No. 179 of the General Assembly of the
State Of Louisiana for the year 1908,
nor any bonds hereafter authorized for
Public Belt Railroad purposes. nor any
bonds which may hereafter be issued
for water supply or for the acquisition
or construction of any revenue odu
ing public utility, nor n paving cert1fi-
Gates primarily ~chargeable against spe-
be included In computing the indebted
ness of said City of New Orleans Under
his Limitation; and provided further,
that emergency bonds may be issued as
authorized in Section 5 of this amend
ment even though said limitation shall
have been reached provided that the
Nine Million Dollars of bonds authorized
by Section I of this amendment shall
not be subject to the limitation herein
fixed at the time or times that same
shall be issued; but, with respect to
any other bonds that may be issued
hereafter under this amendment there
-r-TI
aid Nine Million Dollars of bonds, not
w~ithstanding the act that all Of said
Nine Million Dollars Of bonds shall not
nave been actually issued, and sucn
amount of emergency bonds as may be
then outstanding.
Section IA. The Board Of Liquida-
ton, City Debt. as now organized n
created with the powers, duties n
functions prescribed by existing laws
and by this amendment, shall be con-
tinued While any bonds authorized by
this amendment are outstanding and un-
paid; and all taxes which may be levied
for the payment of said bonds shall, day
by day as collected, be paid over to sale
Board, and shall by it be applied in pay
ment of the principal and interest of
Sai bonds; and said board shall with
respect to all bonds authorized by this
amendment be entitled to exercise all
the rights and enforce the performance
OF all the obligations. the same as it is
authorized to do under laws existing at
the time OIL the aQOpL1On OIL IElS amend
ment with respect to any of the present.
ly outstanding bonds of said City OF
New Orleans. All funds, property and
things of value held by the Board of LII
u~uidation, City Debt. for bonded debt
purposes ther than taxes now or here
after levied. and particularly all funds.
property n things of value now or
hereafter held by sale Board under Act
No. 1873 of the Gener ssembly of the
State of Louisiana for the year 1880
and all amendments thereto, shall when
released from contract obligations or
dedications imposed by laws existing at
the time of the adoption of this amend
ment be used and employed in the dis
creation of said Board in payment and
retirement of any bonds of the City or
New Orleans then outstanding.
Section Is. For general municipal
purposes, exclusive of the support and
maintenance of the public schools ana
the payment of the bonded debt of the
City of New Orleans, said city may in
each year levy upon all taxable property
within said city a tax not exceeding
six and one-ha1f mills on the dollar of
the assessed valuation thereof; pro-
vided, however, that when the one per
cent debt tax authorized by said Act No.
10 of 1890 and the W. mill water ana
sewer tax authorized by said Act No. 6
Of 1899 shall both have ceased to be lev
led, and if thereafter the taxes levied by
the City of New Orleans in any one
year for bonded debt purposes be less
thar ten mills, said city may in such
events levy for its general purposes
such additional tax which, when added
to the tax of six and one-half MUS
hereby authorized and the taxes levied
for the payment of the principal and
interest of Its bonds as they severally
mature, shall not exceed in the aggre-
gate sixteen and one-half mills.
Section Is. The reservation of TWEEN
ty per cent of the revenues of he City
Of New Orleans shall not hereafter be
made as directed by Section 40 of the
Act No. 159 Of the General Assembly of
1912, except insofar as the fund sc 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