The Natchitoches enterprise. (Natchitoches, La.) 1888-1965, 1916-10-19

! the treasury Of said city at the time of
making the contract or incurring the
dept or obligation and are specifically
set aside and dedicated to said purpose,
unless herein otherwise provided. The
foregoing Limitation and restriction
shall not apply or be held to apply to
contracts or obligation incurred with
respect to the furnishing to said city or
lisht. heat or power, water, telephone
service or garbage renewal or destruo-
ton.
The said city may in any calendar
year in anticipation Of the collection of
the taxes of such calendar year, and for
the purposes for which such taxes are
levied, borrow such sums as shall not
be in excess of Che amount of its un-
collected taxes of such year. sand may
issue its notes or other evidences of
Indebtedness therefor. and such sum,
notes or other evidences of indebted
ness shall be payable only out of the
taxes OF the calendar year in which said
loan or loans are first made and for
which Indebtedness said revenues shall
be pledged, and said Indebtedness shall
not be payable out OF any other FUNDS
or moneys whatsoever No money shall
be borrowed by the said city except FOR
current municipal purposes, and in no
event shall any money be borrowed by
SAID city to make or to pay for works
OF public Improvement Said city may
issue for street paving purposes certtf-
Gates on its faith and credit pursuant to
legislative authority, to an amount not
In excess of any special assessments
such purposes. Such paving certificates
hereafter issued shall be chargeabIe
primarily against the special assess
msnts in respect of which they are is
sued, and secondarily against the revu-
nues Of the City of New Orleans derived
| from taxation for general municipal
purposes and from sources other than
the taxes for the payment of the princl-
pal and interest of the bonds now out
| standing or hereafter to be issued un-
der this paving certificates only in the
nd - khA kI.-A
amendment, which revnues shall be ap-
piled in payment of such special assess
ments shall be insufficient For such pay
| ment, and reimbursement snail be made
| 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-
tributed to the payment aforesaid. So
sembly of the State Of Louisiana for the
year 1914 as may be inconsistent here /.
with is hereby repealed and hereafter
no paving certificates shall be issued
upon the pledge of the reserve fund OF
the City of New Orleans but such GER
tincates shall be secured as herein ana
subsequent legislative authority not IN
! connict herewith; provided, however,
| that paving certificates, for which the
faith and credit Of the City of New Or
under the aforesaid Act No. 23 Of 1914.
or under subsequent legislation shall
not at any one time be outstanding in
Dollars (s5, ,ooO, ,OOo) in face value.
Section 13. The total issue of bonds
by the City Of New Orleans for all pur-
poses shall never exceed ten per centum
ty in said city provided, however, that
neither the bonds issued for water, |
sewerage and drainage purposes (name- |
y, the $4,000 900 Public Improvement!
1899 and the sS,0O0.00o New Pub |
lie Improvement Bonds issued un-
der Act No. 10 OF the General |
Assembly Of the state OF Louisiana
% hersof sas ana ana suppiem.ata atai
thereto, as well as such bonds, hereby /
or heE0A&ter nateDr1@ed, Into which the
be refunded), nor the $4,000, 900 Public
Belt Railroad Bonds authorized by Act
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
bonds which may hereafter be issued
for water supply or for the acquisition
or construction of any revenue produc-
ing public utility, nor any paving certih-
Gates primarily chargeable against spe-
cial assessments for street paving, shall
ness of said City Of New Orleans under
this limitation; and provided further,
that emergency bonds may be issued as
authorized in Section Of this amend-
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
shall be issued; but, with respect to
any other bonds that may be issued
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
Nine Million Dollars of bonds shall not
have been actually issued, and eucn
amount of emergency bonds a. may be
then outstanding.
Section a. The Board Of Liquida-
tion, City Debt, as now organized and
created with the. powers, duties ana
functions prescribed by existing laws
and by this amendment, shall be con-
tinued while any bonds authorized by
this amendment are outstanding and un-
Tor 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
ment Of the principal and interest OF
said bonds; and said board shall with
respect to all bonds authorized by this
amendment be entitled to exercise all !
the rights and enforce the performance
of all the obligations, the same as 1t is
the time Of the adoption of this amend
ment with respect to any OF the present {
" outstanding bonds Of said City or I
things Of value held by the Board of LII |
quidation, City Debt for bonded dept
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. 1913 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 al g
the time of the adoption of this amend :
nent be used and employed in the dis :
Of Rafd n | q
retirement Of any bonds of the City or b
New Orleans then outstanding.
Section Is. For general municipal :
purposes. exclusive Of the support and 0
The payment Of the bonded debt Of the the
City Of New Orleans. said city may in q
sach year levy upon all taxable property IL
witnin w n SAD clfy An, TAX x not & exceeding
the assessed valuation thereof: pro- F
vided, however, that when the one per a
cent debt tax authorized by said Act No.
ITO Of 1890 and the two mill water anu II
sewer tax authorized by said Act No. Il
II 1899 shall both have ceased to be lev :,
ed, and If thereafter the taxes levied by =
the City OF New Orleans in any one Q
rear for bonded debt purposes be less
han ten mills. said city may in such =
events levy for its general purposes ~
Iuch additional tax which, when added q
iereby authorized and the taxes LEVIED Il
'or the payment of the principal and
interest OF it's bonds as they severally 81
nature, shall not exceed in the aggre-
rate sixteen and one-half mills
Section 49, The reservation Of twen- L
" per cent OF the revenues Of the City
II New Orleans shall not hereafter be
made as directed by Section 40 of the
Act No 159 OF the General Assembly of
he State Of Louisiana for the year A
912, except insofar as the fund so d.
ected to be reserved shall have been
appropriated or dedicated before this
amendment takes effect to the payment
Il any obligation or the City OF New
orleans, and said reserve fund OF each
ear when released from the obligA.
ions charged against II by law and be.
euBe of contracts existing at the time n