The Caldwell watchman. (Columbia, La.) 1885-1946, 1916-09-01
PROPOSED
AMENDMENTS
TO THE
CONSTITUTION OF LOUIS
lana
Adopted at the Session of the
Legislature of 1916.
To Be Voted On at the Congress
SIGNAL Election.
Act No. 4

1Iousa pnI No, 4 By Mr.. Eyrne.
\ JOINT Resolution.
Proposing an amendment 10 me '"'iNt
tuition Of the state OF Louisiana pro-
yidlng for. The funding OF certain
Sebts of the City of New Orleans ana
of the Board of Directors OF the I'o-
lie Schools Parish Of Orleans, 't
spectiyely the issuance OF serial DotHS
~ said city. the purpose for ana tn
manner in which same may be ISIS"
and the duties and functions ~ ~
Board Of LiquidatiOn city DEBT ~
reference thereto; and the levy HHt
the CITY of New Orleans ~ py
Board of School Directors, + a. .ih(
Orleans, respectively. OF Ger ,fFf<r- OF
for general municipal and .sih faXes
poses; and providing for Fohn, p'!F-
Sion of said amendment t,f' &tbmis-
tors of the State for ~ 'lhe eiec,
mr. rejection, fhrtr approval
Be it enacted by tn"
blv of the State of Lou /"ithtIE3 Assem-
Of all the members S'ana, t"o- ihlF"s
concurring, that 81 !sdted to each mouse
ton and approve 'Ftct TO lne taIlI'E,
the State. the &C j Of the electors OF
he amended b, ,h$titut!On ef the State
tha fOlloving / Incorporating therGln
'''" /rovisions. to- wit:
~, DC q ' vote .fhe City of New OrleE1s
,no,nhors q II three- f0urths of all :rhe
Gitv Debt + The Board Of Liquidation
Commiss spproved by resolution OF the
30 goI.C on Council, or its successor as
edopteI ,r"ting body of sa id municipality,
~ ~, by Il vote of tWo-thirds Of all
sns &fnbers of said council or govern
hv >. gay. snail have power and IS here
ior authorized to issue Nine Million Dol
20 s (S9,00Q,000j of bonds, to be styled
Sty of New, Orleans seriai Gold
Finds and to bear such rate Of inter
est as the Board of Liquidation, City
-TOebt, may fix from time to time as each
Installment of said bonds is offered for
sale as hereinafter provided.
Section 2. Three Million Dollars (s3,-
100000, 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 order:
(a) The payment of the outstanding
and unpaid school Teachers Salary
Bonds or the City Of New Orleans" is
sued under Act No of the General AS
sembly of the State of Louisiana -or
the year 1906. which bonds shall be
called for payment and paid as soon as
practicable:
(b) The payment of the principal or
the floating Indebtedness of the
Board of Directors of the Pub
evidenced by note or notes out
standing at the time of'the adoption
of this amendment to an amount nc
exceeding Six Hundred and Fifty Thou
sand Dollars (s650,000 provided that
in the event that said Indebtedness or
any part thereof shall have been paid
by said Board out of it's current reve-
nues previous to the adoption of this
amendment, the amount thus paid mot
TO exceed s650,000. however,, shall be
paid over in cash to said Board to be
used by it for school purposes, as pro-
(c1 The payment of the.sum of Five
Hundred Thousand Dollars ($50O.OOO).
with interest thereon, borrowed by the
City of New Orleans for storm emergen-
cy purposes in the year 1915;
fd) The payment of the overdraft or
other Indebtedness 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
those referred to in paragraph tc) OF
this section. to an amount not exceed
ing IN principal and interest the sum
of One Million Three Hundred and FIJI
~ Thousand Dollars (S1.350.000); and
(el The balance of said proceeds
shall be used and employed by the
Board Of Liquidation, City Debt for the
payment of Public improvement Certih-
Gates Of the City of New Orleans. as Sc,
forth in Section of this amendment.
Section 3. The remainder OF the
bonds authorized by Section | of this
amendment, or so much thereof as NAV
be necessary, shall be sold. from time e
time. in such amounts as the Board CT
Liquidation, City Debt. may determine
and the proceeds Of the sale thereof
shall be applied by said Board to the
payment of Public Improvement Certif
Gates authorized by Act No 56 of the
General Assembly of the State of 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 erect, at their respective
maturlties or when said maturities car
be anticipated upon terms satisfactor,
to said Board.
Said Act No. Sc Of 1908 and al
amendments thereof, as well as all stat
utes upon the same subject, and SC
much OF Acts No. us and No. 270 OF
the General Assembly of the State OF
Louisiana for the year 1910, and othe,
statutes on the same subject matter. a!
may AFFECT, apply or pertain to the or,
or New Orleans, be and the same arr
hereby repealed. nevertheless Public
Improvement Certlf1cates may be ISSUED
IN the manner provided by said Act No
56 OF 1908 and amendments thereof i,
payment of any contract made befor,
this amendment takes effect.
Section 4. The City of New Orlean,
may also issue and negotiate it's bond,
when authorized by vote of majori,,
in number and amount Of the propertS
taxpayers. who shall have been assessed
for property in said city as shown b,
the last assessment made prior to tn,
submission of the proposition to tn,
said property taxpayers and who ar,
otherWlse qualified to vote under tn,
Constitution and laws or this State
voting at an election called by ordinanc,
adopted by vote of two-thirds of ali
the members of the Commission Coun
Gil, or it's successor as the governins
body Of said City of New Orleans AND
which ordinance before any such cleo
tion is ordered shall be also adoptes h,
a vote of three-fourths of ali the mem
bers Of the Board of Liquidation, CITY
Debt. Due notice of said election shat
be published for thirty days in the Off
cial journal of said city {feur week.,
insertions of said notice constituting z
publication for thirty Gays. PROVIDE
thirty days intervene between the ' da1.
Of the first insertion and the date OF
said elecuon).
No bonds shall be issued under th,,
section for any other purpose or for
any greater amount than that stated m
the SUBMISSION or the proposition tC
said taxpayers.
Section 5. In case of fire. FLOOD, pes.
thence, storm or other public calamity
the City of New Orleans shall have
power by two-thirds vote of all the
members of the Commission Council, or
it's successor as the governing body OF
said city, concurred In by three.
fourths vote of all the members of the
Board Of Liquidation, City Febt, tc
borrow money and issue and negotiate
bonds In such sum. not exceeding Five
Hundred Thousand Dollars (S50O, 10000
las shall be necessary in any one such
AnJarrancv