The Natchitoches enterprise., 1916-11-02
PROPOSED
AMENDMENTS
TO THE
CONSTITUTION OF LOUIS
lana
Adopted at the Session of the
Legislature of 1916.
To Be Voted On at the Congress
sional Election.
Act No. a

ACC NO.
House Bill No. 4. BY Mr.. Byrns
A JOINT RESOLUTION.
Proposing an amendment to the Consti-
tuition of the State of Louisiana pro-
viding for: Tha funding Of certain
debts of the City of New Orleans and
of the Board of Directors OF the Pub
lie Schools, Parish Of Orleans, re-
spectively the issuance of serial bonds
manner in which same may be issued
and the duties and functions of the
Board of Liquidation, City Debt with
reference thereto; and the levying by
the City of New Orleans and the
Board of School Directors, Parish of
Orleans, respectively, of certain taxes
for general municipal and school pur-
poses; and providing for the submis-
sion of said amendment to the elec-
tors of the State for their approval
or rejection.
Be II enacted by the General Assem-
bly, OF the State of Louisiana, two-thirds
concurring, that subject to the ratifca-
tion and approval of the electors of
the State the Constitution of the State
be amended by incorporating therein
the following provisions, to-w1ti
Section 1. The City of New Orleans,
by vote of three-fourths IF all the
members OF the Board of Liquidation
City Debt, approved by resolution OF the
AOn ul6SIOH OOuHCkip VI AN5 bhSNtCGSOA O.
the governing body of said municipality,
adopted by a vote OF two-tIIlr1S OF all
the members of said council or govern
ing body. shall have power and is here
by authorized to issue Nine Million Dol
lars ($s,000,000D of bonds, 70 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
inatallment of said bonds is offered for
sale as hereinafter provided
Section 2. Three Million Dollars (S3.-
600, 0,000). In par value, of the bonds au-
thorized by Section Of this amendment
shall forthwith be sold
The proceeds of said three million
dollars of bonds shall be applied exclu-
sively to the following purposes and In
the following orders
lal The paxmens Of the outstanding
s gg n ..sragsiiB IT,
"a, W. hinder Act No Of tine General As
.,s .,aar 1905. which bonds shall be
eailed for payment and paid an soon as
abS The payment Of the principal OF
Board of Directors Of the Pub
iic schools, Parish of Orleans,
standing at the slime Of the adoption
exceeding Six Hundred and Fifty Thou
eand Dollars f3650, ,000); provided that
m the event that said indebtedness or
any part thereof ghall have been paid
Nv said Board out Of its current reye-
illes previous to the adoption Of tnis
amendment, the amount thus paid (not
70 exceed $650,000s however), SHAH be
paid over in cash to said Board to De
used by it for school purposes, as pro"
c5 1c1 The payment Of the sum Of Five
Hundred Thousand Dollars ($60O,oo0l.
with interest thereon, borrowed by the
city of New Orleans for storm emergen-
cy purposes in the year 1915;
(d) The payment of the overdraft or
nfIer fndebtedness due by the City OF
New Orleans to its fiscal agents or other
banks representing loans or advances
made by them to said city, other than
this section, to an amount not exceed
ing in principal and interest the sum
OF one Million Three Hundred and Fff-
fe1 THE balance Of said proceeds
shall be used ard employed by the
Board of Liquidation, City Debt, for the
payment of Public Improvement Certin.
Gates Of the City OF New Orleans. as set
forth in Section of this amendment.
Section 5. The remainder OF the
bonds authorized BY Section ] OF THIS
Snsendment. or so much thereof as may
Sc NECESSARY, SHALL be sold. from time 70
time In such amolntg az the Board or
Liduidation, City Debt, may determine
and the proceeds Of the sale tnersoI
payment of Public improvement Certif-
eates authorized hy Act No, So OF the
General Assembly Df the State or Louis
lana for the year 1908, and acts amenda-
tory thereof, and presently outstanding
or issued at any time In payment OF
any contract made before this amend
ment takes effect at their respective
be anticipated upon terms satisfactory
y said Act No. Es of 1908 and all
amendments thereof, as well as all stat
as4a fhn subject. AH0 SO
much OF Acts No. 1913 and No. 2I0 OF
tie General Assembly OF the state OF
Louisiana for the year lslo and other
may affect, apply or pertain to the city
OF New Orleans De and the same are
hereby repealed; nevertheless PUBLIC
Tnaproyement Certificates may be issued
IN the manner provided by said Act NO.
Sc of 1908, and amendments Thereon, IN
payment of any contract made before
this amendment taxes effect
SecfIon The CITY OF New Orleans
may also Issue ana negotiate Its bonds
when authorized By vote OF majority
IN number and amount OF the property
taxpayers. who shsll have been assessed
for property in said city as shown by
the last assessment made prior to the
submission or the proposition to the
Rafd property taxpayers and who are
s otherwise qualified to vote under the
Constitution and laws OF this state
voting at an election called by ordfnnuce
adopted BY q vote OF two-tniras OF 0 al
eli. or Its successor as the governing
body Of said City of New Orleans. and
which ordinance before any such cleo.
tion is ordered she'll be also adopted By
4 vote of three-foIrths of ali the mem.
bers of the Board Of Liquidation, City
Debit Due notice of said election shat
he published for tairty days in the OH
cfni journal OF said city (four weekly
inSartsnr-s of said notice constituting
publication for thirty Gays, provided
thirtv days intervene between the date
an the first insertion and the date OF
said elecu0n).
No bonds shall be issued under thfa
Eecticn for any ether purpose or FOL
any greater amount than that stated II
the Submission oE the proposition e
said taxpayers.
Section s. IN cgse OF hre, food pes
thence. storm or ether public calamity
The city Of New Orleans shall havs
mower by q two-thirds vote OF all tns
members OF the Commission Council, Of
its successor as tAe governing body o.
eaid city concCrSed In by three
earrths vote OF all the members OF tn
Roard OF Liquidation. City Debt, Z
borrow money ans issue and neEotiat'
Bonds IN such SUM. not eycoeding Fss'
Hundred Thousand Dollars essen. .0eol
~ shall be necessary IN any one a1ei