St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1916-10-28

emendment: provided that II the fundl
derived from the sources Aforesaid shall
@s prinoipsi ana interest Of the bond'
Issued unAeS this amendment and thes
outstanding and unpaid. or II for aay
ss !: 81
tie city ef Mn Orleans shall levy !
city sumeisnt % provide TOR any such
81, s9d srth cent g.S
tax and two mill water and sewer sa1
shall cease to BE- levied. The City q
New Orleans shall levy . tax upon 81
to pay the principal and Interest OF
s aid bonds - they respectively become
a. :ssat 1: sss'. .ns
taens q said one per cent debt tax au-
thorissd by said Act No ITO Of 1890 tex
oept with respect e the said ons-haif
az therein dsdisatsd to public schoois).
and Of said two-mill water ana sewer
tan. authorised b. saia Act No: Of
1883. shall b. respected and perforneA
a e: ii q p III: :sS
Of the foAd0 resulting from the levy Of
sal4 taxes which shall So released from
ea3l appropriations and dsdicatione oy
o. any q the bonded debt obligations
NOW charged thereon and tAere-asalnst
sha11, tsgether With the ons-half Of the
e e; q: e e esns a'es
pG7eqsA DO used ard spilled to the
peymGnt Of the principal and interest Of
Ill bonds issued under this amendment;
he de psy z se * sas '1 priae'pai ana inter.
est in any one year Of bonds authorized
By this amendment shall be turned over
20 the city Of New Orleans. to be used by
Il for general municipal purposes; but
nd - fhAt hA
lions now charged on said taxes shall be
paid: satisfied or refunded. said taxes
6hall be released from said obligations.
.sa e. :n'f q BE-
and, that thereafter. any and all bonds
ISSUED under this amendment shall be
Deev1Aed for by Q tai upon all taxable
sadeisst 70 pay The principal n and in
forest OF said bends - they respectively
become due; provided. however. that In
the event the funds hsrsinabovs special
1s,asiDsi and interest q he bonds IT,
susA under this amendment should prove
i1sYneisnt the CITY Of New Orleans
:nai and Il - n:.sny required TO- levy
tazsbis property II the City Of New Or
sad i.tSrsst q satd eonda
Of Sits :: s. s ri.
tie United state6 Of America. or it's
9QvivAlsn1 OF the standard OF weight
& each instaiin s q s.id bonds Issuance
oaid bonds shall be exempt from Ill
1Q1ation for STATE. parish, municipal or
ot49r LEGAL purpoees
1Qro OF interdieta. trustees and other
Hand In said bonds. ->'''>'D 80 >''s''
I'D e an s'e se, %.B ss ussa for dsgo:t
other political subdivision Of the State
Of Louisiana IN any case whore by pres
sss Sr 3rsur' laws deposit or security u
eaaA bonds may bs registered and re-
'isaaed from registry under such rules
- he Board Of Liquidation. City Debt.
6ss{tea ID, An bonds issued under
this a4andQent shall bear such rate Of
intare6a or, from Nne to time, different
ratss oe interest and shall. excep. an
= c, ,:, .oes nd BE-
md payable at such times and places,
1ithin 2 period Of not exceeding nifty
Zsars from the date thereof. az the
1etsrmine. 6aid bonds shall be issued
In serial form and shall be payable in
annua! installments. commencing NOT
more than two years from their respec-
In each year shall be 30 fixed that, when
the annual interest 10 added thereto. the
several 4nnual total amounts Of prin-
eipal and interest to be paid SHAH Do
aid installments may be fixed at nvs
thousand dollars Or the nearest multi
pie thereof.
said bonds shall be signed by the
Finance OF the City Of New Orleans. or |
omcers exercising similar functions, and !
sosntsrsisned By the President or Vice
ant sscrstsry Of the Board Of Liquida-
ton. City Debt, ana the coupons at
tached 70 said bonds shall bear the
fac- simils signatvres Of said Commas
rotary Or Assistant Secretary. In case
any such ofncer whose signature
~ osuntsr-siFnature appears upon
.ush /: bond Or coupon shah
:y.,, to b .nsh bonn o%eer before
. the purchaser. such signature or
shall psvertheless be
valid for all Durposss. The cost and ex-
6 ss = sad for .n g. as Board s.s
CITY Debt
section II. All bends issued under
ehas emsndment shall be sold by the
A3n?st hiddse or Bidders by sealed pro-
- than 4vs Insertions II the oinciei
llourasl Of the City Of New Orleans (tns
MGR 70 he date q the salsJ, ana sucn
gSher Advertisement, In said city or
QabeWAero. a. said Board OF Liquidation
~ u itq discreton direct; provided,
~ Board Of Liquidation may reject
4s.tion 4; Except e otherwise pro-
11Qed IN this amendment. the City OF
New Orleans shall not borrow money,
$50 bonds. notes or other evidences OF
or pledge its credit or an
Iistpate the collection Of any OF its
axes.
No money shall be drawn from the
'Teasury Of said city without specihc
therefor previously made,
e iacur any debt o. eolAeation for any
l3oes whatsoovor unless SUFFICIENT
enoe noe Otherwise Appropriated, to
~ ana dloener0e same are actually In
y treasury Of said city 1t the time Of
leoe or obligation ana are specifically
et aside and dedicated to said purpose,
MESS herein otherwise provided. The
otefoine limitation and restriction
aen not apply or be held to apply to
oatracts or obligation incurred with
:Sgset TO the furnishing to said city or
.SaS aeas Or power. water, telephone
len.
The said city may In any calendar
Sef In anticipation OF the collection Of
u sa1ee OF such calendar year, and for
oe purposes for which such taxes are
1vleo. borrow such sums as shall NOT
:, IN excess of the amount of it's un-
objected taxes OF such year. and may ,
'eus its notes or other evidences Of
1deotedness therefor. and such sum.
oees or other evidences OF indebted !!
ess shall be payable only out of the
l4es OF the calendar year In which said 9