St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1916-09-23

Piled In payment OF such special assess
ments shall be insufficient for such pay
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-
tftbuted to the payment aforesaid. So
much Of Act No. Is of the General As
sembly OF the State Of Louisiana for the
year 1914 AZ may be inconsistent here
With is hereby repealed; and hereafter
upon the pledge Of the reserve fund OF
the City Of New Orleans, but such GER
tincatee shall be secured AZ herein and
otherwise provided for by said act or
connict herewith; provided, however.
that paving certificates for which the
faith and credit Of the City Of New Or
leans shall s be pledged. whether issued ,a,
or under subsequent legislation. SHAH
not at any one time be outstanding In
IN amount in excess Of Five Million
Dollars ($5.000,000) in face value.
by the City Of New Orleans for all pur-
poses shall never exceed ten per centum
Of the assessed valuation Of the proper
ty In said city provided, however. that
neither the bonds issued for water.
y. the s12.ooo.o0o Public Improvement
Bonds issued under said Act No. Of
1899 and the 100000 New Pub
lie Improvement Bonds issued un-
d. AIT y No. 1 STATE Of the
thereon and suppemeaf
thereto. az well ~ such bonds, hereby
or hereafter authorized. into which the
Be- refunded). nor the $4,000 900 Pubic
Belt Railroad Bonds authorized by Act
No 179 Of the General Assembly Of the
State Of Louisiana for the year 1908,
AA F~-
Public Belt Railroad purposes. nor any
bonds which may hereafter be issued
for water supply or for the acquisition
or construction OF any revenue prouuc-
Gates primarily chargeable against spe-
cial assessments for street paving. shall
BE- included In computing the indebted
ness Of said City of New Orleans under
authorised in Section S Of this amen0-
mont even though said Limitation shall
have been reached provided that the
by section l 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
hereafter under this amendment there
shall be included in the computation
said Nine Million Dollars Of bonds. not
withdrawing the fact that all of said
Vx00 08l1llOu DOllAIU O1 UOuUB Snail NOT
have been actually issued. and sucn
amount Of emergency bonds as may be
then outstanding.
Section IA. The Board Of Liquida-
ton. City Debt. a. now organised and
with nY
and by this amendment, shall be con-
tinued while any bonds authorized by
this amendment are outstanding and UNI
paid; and all taxes which may be levied
by day as collected. be paid over to said
Board, and shall by 1t be applied in pay
ment Of the principal and interest OF
sa6 10 ana hon sa.o sha IL WITH
amendment be entitled to exerci:e ali
the rights and enforce the ne. Torrance
Of all the obligations: the same an 1t is
authorized to do unde. laws existing at
ment with respect to any of the present.
" outstanding bonds of said City OF
New Orleans. All funds property and
things Of value held by the Board of Ii
purposes other than taxes now or here
after levied. and particularly all funds.
property and things Of value now or
hereafter held by said Board under Act
No. 1873 of the General 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
ment be used and employed in the dis
creation of said Board In payment and
retirement Of any bonds Of the City OF
New Orleans then outstanding.
Section Is. For general municipal
purposes. exclusive Of the support and
maintenance Of the public schoois ana
the payment Of the bonded debt Of the
City Of New Orleans, said city may in
each year levy upon all taxable property
six and one-haif 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.
sewer tax authorized by said Act No. s
OF 1899 shall both have ceased to be lew
led and If thereafter the taxes levied by
the City Of New Orleans In any one
issn ten %s said city %sy IN ss sss
events levy for Its general purposes
such additional tax which. when added
to the tax OF six and one-half mtlis
hereby authorized ana the taxes LEVIED
interest Of ftE bonds az they severally
mature, shall not exceed in the aggre-
gate sixteen and one-half mills.
Section Is. The reservation Of TWEEN
Of New Orleans shall mot hereafter be
made al directed by Section 40 Of the
Act No. l50 Of the General Assembly of
~ 49, sac Except INSOFAR as the fund SO se a.
rected to be reserved shall have been
appropriated or dedicated before this
amendment takes effect to the payment
0 o. any and said reserve fund OF e Me%
year. when released from the obltgA-
lions charged against it by law and be-
cause OF contracts. existing at the time
OF the adoption Of this amendmens,
poses.
Section II. For the support. matnte-
nance. construction and repair of the
fsans. the Board Of Directors Ne of the
Public Schools. Parish of Orleans 'or it's
legal successor. shall levy annually
such tax, not exceeding thtee and one
half mills, as said Board shall deem,
necessary. which levy shall be certified
by said Board to the Commission Coun-
the City Of New orleans. which SHAH
cause the tax to be entered upon the
tax rolls Of said city according to law
AGAINST all taxable property in said
taxation purposes; and said tax shall be
collected by said city and paid over to
said Board Of Directors Of the Public
Schools. Parish Of Orleans. day by day
Said tax shall be in lieu of all taxes
appropriations and funds now authorize
ed or directed to be levied or contrib
uteq by the City Of New Orleans for
Act No. 40 Of 1890 or other provisions
Of the Constitution Of this State. All
constitutional provisions to the con-
trary, as well as Act No. 262 of the
General Assembly Of the State of Louis
lana for the year 1914. ratified as an
amendment to the Constitution of TINS
state. are hereby abrogated and repeal
cd; and the City of New Orleans shall
have no power or authority to use or
employ any Of its taxes or funds for
the establishment. support or mainte-