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

esaogo ~ 1nefsartsr % Do ISSUED un-
der this paving certificates only In the
amendment. which .rsyaeb shall be ap-
piled In payment Of such special assess
ments shall be insufficient for such pay
m n n and rsimbursement shall AL be made
Orleans when the assessments are coll
lected to the extent OF the amount that
the said general funds shall have con-
trib9ted to the payment Aforesaid; Sc
sembly Of the State Of Louisiana for the
year 1914 ~ may be inconsistent here
With !. hereby repealed, and HEREAFTER
apon the pledge Of the reserve fund Of
the City OF New Orleans. but such GER
tificates shall be secured Al herein and
otherwise provided for by said act or
CONNECT herewith: provided. howsvlr.
that paving certiloatss. for which the
faith and credit Of the City Of New Or
under the aforesaid Act No. Is Of 1914.
or under subsequent legislation. shAf&
not at any one time be outstanding In
On amount in excess Of Five MM1on
Dollars ($5.000.000) in face value.
Section IS. The total issue of bonds
by the City Of New Orleans for al pur-
poses shall never exceed ten per csntum
of the assessed valuation Of the proper
neither the bonds ISSUED for water.
y. the s1s.eoe'eeo PUBIC 'f fmproy.ment
Bonds issued under said Act No. s, Of
lie is'' IMPROVEMENT pr sas Bonds issued un:
Assembly Of tho state Of Louisiana
for the year 1905. and act,
or hereafter authorized. into which the
b rsianae sG nor the q 100000 Pubic bio
No 17s 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
for water supply or for the acquisition
or construction Of any revenue produc-
Ing public utility. nor any paving certifi-
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
this limitation: and provided further.
authorized in Section Of this amen0-
ment even though said limitation shall
have been reached provided that the
Nine Million Dollars Of bonds authorized
by. Section 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
Withstanding the fact that all Of said
have been actually issued, and sucn
amount OF emergency bonds a. may be
then outstanding.
Section IA. The Board OF Liqulda-
ton, city Debt, as now organized and
functions prescribed by existing laws
and by this amendment, shall be con-
tinued while any bonds authorized by
paid; and all taxes which may be levied
for the payment Of said bonds shall, day
by day as collected, be paid over to said
Board. and shall by 1t be applied In pay
said bonds; and SAID board shall With
respect to all bonds authorized by tins
amendpent be entitled to exercise all
the rights and enforce the performance
authorized to do under laws existing at
the time of the adoption Of this amend
mont with respect to any OF the present
y outstanding bonds Of said City Of
things of value held by the Board OF LII
quotation City Debt. for bonded deb.
purposes other than taxes now or here
after levied. and particularly all -fuads.
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 1850
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
retirement OF any bonds Of the City OF
New Orleans then outstanding.
Section Is. For general municipal
purposes. exclusive OF the support and
Of Of the Rnnea ss a =,
City of New Orleans, said city may In
each year levy upon all taxable property
within said city tax not exceeding
the assessed valuation thereof; pro-
vided, however, that when the one DER
cent debt tax authorized by said Act No.
10 OF 1880 and the two min water ana
sewer tax authorised by ssid Act No. s
OF 1899 shall both have ceased to be lev
led, and II thereafter the taxes levied by
the City Of New Orleans in any one
year for bonded debt purposes be less
events levy for its general puFpopes
such additional tax which. when added
to the tax OF SIX and one-hAlf minis
for the payment Of the principal aAd
interest OF it's bonds ~ they severally
mature, shall not exceed in the aggre-,
gate sixteen and one-half mills
ty per cent Of the revenues Of the City
OF New Orleans shall not hereafter be
made an directed by Section ~ Of the
Act No. 15s Of the General Assembly Of
1912, except insofar az the fund SO 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
year. when released from the obltgA-
tons charged against it by law and be-
cause OF contracts, existing ut the time
Of the adoption OF this amendment,
shall be used for general municipal pur-
poses.
Section IT.. For the support, mafnte-
nance, construction and repair of the
public Schools in the City of New Or.
leans, the Board of Directors OF the
Public Schools. Parish of Orleans or its
legal successor, shall levy annually
half mills, as said Board shall deem
necessary, which levy shall be certified
t.y said Board to the Commission Coun-
Gil or other future governing body OF
the City of New Orleans, which shall
cause the tax to be entered upon the
against all taxable property IN said
city AZ assessed and valued for CITY
taxation purposes; and said ta1 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 authors
ed or directed to be levied or contrib
uted by the City Of New Orleans Tor
public school purposes, either by said
Act No. 10 Of 1880 or other provisions
constitutional provisions to the con-
trary, as we'll as Act No 262 of the
General Assembly of the State Of Louis
lana for the year 1914. ratified rs an
State, are hereby abrogated and repeal,
ed: and the CITY of New Orleans shall