The Caldwell watchman. (Columbia, La.) 1885-1946, 1916-10-06
PROPOSED
AMENDMENTS
TO THE
CONSTITUTION OF LOUIS
lana
Adopted at the Session of the
Legislature of 1916.
To Be Voted On at the Congress
si0nal Election.
Act No. 4


House Bill No l. BY Mr.. Byrne
\ JOIN'r RESOLUTION.
Prooosing an amendment to the Consti
tntfnn NJ tbe state OF Louisiana pro
vidinp Tor. the funding of certain
nobts of the CIV of New Orleans anG
of the Board Of Directors of the Pub
liz Schools Parish OF Orleans. re-
snecttvelv the issuance of serial bonds
nv said Citv. the purpose for and the
and tho dutias and furctlons of the
Hoard Of LiltliGation, city Debt. with
reference thereto; and the lcyyjng by
the City of New Orleans and the
Board OF School Directors, Parish "f
Orleans, respectively, OF certain taxes
for general municipal and school pur'
poses; and proyidlng Tor me S"ohl'S'
sion OF sald amehah,"Hi ~ t'tu ,r,t',,,
tors or the STATE iof fHsi' @ppi''"'
or re1eclioi"
Be it enacted by the Genera! Assem-.
bly, Of the State OF LOUISIANA, l"o- hitus
OF all the members elected to eacn NOUS. 3t
concurrlng, 'hat suoJec' 10 LIE Iaotnrs az
tion and approval vi tne s'. ~, W.
the State, the constitution o. .he 800
be amended by Incorporating 'ne's'"
she following provisions to-"lt'
Section l. The City OF New, Orleans,
by a vote of three-fourths or al the
members of the Board or Liquldatlon
City Debt, approved by resolution ol inc
Commission Council, or lls success, 40
the governing oody OF said mun,c'paHay ~,
ADOPTED ps vote 9i .wo,ttI ~, so W
the nemoers ol salu couliIn y,
ing body, shall have power ana n1,i Is mere ERE
ny hutnorlZeu 10 ISSUE N,le n't,a'I .+ ,J
lars t*9'Voo,VoV' OF pohuS' W nI
City or New orleans oeriat Hoiu
Bonds, and to bear such rae OF mtet.
est as the Board or Llauldation. clty
Debt may fix from time to time as each
installment Of said bonds is offered for
sale as hereinafter provided.
Section z, Three Million Dollars (S3.-
900 O00l in par value, of the bonds au-
thorized nv Section | Of this amendment
shall forthwith be sold.
Tho nrocaods ot said three million
dollars IF bonds shall be applied exciu-
u;,,aa,, ~ " ~ ,nI,owins ,urnosas and in
the fo,towine order.
..,...a.,
taj me payment OF the outStafiIihs
and unpaid School teachers oa'aiE
BONDS OF the Clty OF Ne" orleans,
sued under Act 10 OF lhe deneral AS
sembly or the STATE OF LOUISIANA .or
called Tor payment ana pald as soon as
practicable
(b) The payment OF the principal or
the floating Indebtedness or the
Board OF Directors of the Pub
lie Schools, Parish Of Orleans,
evidenced by note or notes out
alta ndinp at the time OF the adoption
exceeding Six hundred and FIFTY Thou.
sand Dollars (se50 OO0). provided that
IN tho event that said Indebtedness ar
anv mart thereof shall have been paid
by said Board out Of it's current reve-
mas preyious to the adoption of this
Amendment, the amount thus paid tnot
to exceed $3.50. 900, however,, shall hn
paid over in cash to said Board TO De
used by ii for school purposes as pro-
vided by law;
(c) The payment of the sum of Five
Hundred Thousand Dollars ($500,000).
with interest thereon, borrowed by the
City OF New Orleans for storm emergen-
cy purposes in the year 1915;
"a The pavment of the overdraft or
other Indebtedness due by the City OF
New Orleans to it's fiscal agents or other
banks representing loans or advances
made by them to said city, other than
those referred to in paragraph (c) OF
this section, to an amount not exceed
ing in principal and interest the sum
of One Million Three Hundred and FIJI
ty Thousand Dollars (s1,350.0OO); and
(e) The balance OF said proceeds
shall be used and employed by the
Board Of Liquidation. City Debt. for the
payment of Public Improvement Certlfi-
Gates of the City OF New Orleans as set
forth in Section 3 Of this amendment
Section 8 The remainder Of the
bonds authorized by Section l Of this
amendment, or so much thereof as may
be necessary, shall be sold, from time Il
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 Certifi-
Gates authorized by Act No Sc 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 taxes eHect, at their respective
maturlties or when said maturities can
be anticipated upon terms satisfactory
to said Board.
Said Act No. SIS of 1908 and al,
amendments thereof, as well as all stat
utes upon the same subject and SC
much or Acts NO. l2S and No: 27o OF
the General Assembly or the State OF
Louisiana Tor the year 1910, and other
statutes on the same subject matter, as
may aHect, apply or pertain to the City
OF ne" orleans pe anu the same are
hereby repealed; nevertheless Public
Improvement Iert.tcates may De ISSUED
IN the manner PROVIDED by SAID ACT NO
% or 1910, ana amendments thereof II
pa io,S a. Any ,.i,ns aya,& h'aue oeioi
THIS aihehuihenv tshes enecI
seclion >. Inc lily Oh ne" orleans
may also ISSUE anu heso.iaee us Dono'
wheh authorized py vote OF majority
IN numper ana alnount Oh the properly
taxpayers. VINO snaii nave peeil ASSESSED
tos p,ope, ooat r,nS g go, S,.oW w ~ .,
tne Iass 90 tha naas;t W ..l
suo,HiesioH " tne p! oP'stt!oH ~ w
etharp pe n;,.Iiaed n vote n,' rnder fh'
Cons+itntion and laws OF this state
voting at an electton caIIed nv ordinanc,