The Natchitoches enterprise. (Natchitoches, La.) 1888-1965, 1916-09-14

or incar any debt or obligation for any
purpose whatsoever unless sulllcietlt ~
funds. not Otherwise appropriated, -
pay and discharge came are actuaAy u
the treasury OF said city at the time ol
making the con. t3ct or mourning It1 @
debt nr obligaI o. ani are specl-CdllS
set aside and Dedicated TO SAID pufpuSe'
unless herein otherwise provided y me ne
foregoing limitation and restriction
shall not apply or be held ID apply ~
contracts or obligation mcurrcn Wltn
respect to the furnishing to said clIy OF
light heat or power water. telephone
service or garbage removal~or destruc-
tion.
The said city may in any calendar
year III anticipation Of the collection ot
the taxes of such calendar year, anQ ! agd ~
the purposes for which such taxes arg
levied, borrow such sums as snaH nor
be IN. excess of ene amount OF It's un-
collected taxes of such year ana may
issue it's notes or otter eYIaeEGces s,,1, "a
indebtedness therefor. and such SUM
notes or other evidences OF ln1epteo-
ness slsaIl be payable only out OF the
taxes Of the calendar year IN Whlcn Salu al
loan or loans are first maze anu lor
which indebtedness said revenues shall
be pledged, and said indebte mess shall
not be payable out of any other eundS
or moneys whatsoever NO money sndlI
be borrowed by the said city except TOT
current municipal purposes, and in no
event Shall any money be borrowed by
said city to make or 70 pay FOR Works
of public improvement. Said city may
issue for street paving purposes esRtlIi-
Gates on it's faitl and credit pursuant -
legislative authority, to an amount moi
in excess of any special assessm nIs Is
which have been or snail be made Tor
such purposes. Such paving eertlnc2tes
hereafter issued shall be chargeaole
primarily against the special assess
ments in respect Of which they are IS
sued, and secondariiy against the FeVs-
nues of the City of New Orleans derived
from taxation for general municlpaI
purposes and from sources other than
the taxes for the payment of the princI-
pal and interest of the bonds now out
standing or hereafter to be issuei un-
der this paving certificates only in the
Ameutlment which revnues shall be ap-
piled lii payment Of such speeial assess
ments shall be irsutneient for sueh pay
meHt AMI reimbursement shall be made
to the general funds Of the CITY OF New
Orleans when the assessments are col
lectetf to the ey tent of the amount thal
the said general funds shall have con
tributed 10 the payment aforesaid, sc
much of Act No. 2S OF the General AS
sembIy of the State of Lor is ana Tor the
year 1914 as may be inconsistent here
with IS hereby repealed, and hereafter
no paving certificates ehatl hs issued
upon the pledge of the reserve fund OF
the city of New Orleans, but such GER
tifcates shall be secured as herein and
otherwise provided for by said act or
subsequent legislative authority not III
con1Jct herewith; provided, however,
HAT paving certificates FOR whieh tne tne
faith and credit Of the City of New Or
leans shaft be plsdgedt whether issued
under the aforesaid Act NO. 2s Of 1914,
or under subsequent legislation, shall
not at any one time be outstanding in
an amount in excess of Five Million
Dollars ($5, 900, ,000) in face value.
Section 13. The total issue of bonds
by ti5s City of New Orleans for all pur-
poses shall never exceed ten per centum
of tho assessed valuation of the proper
ty ir said city provided, however, that
neither the bonds ISSUED for water,
beverage and drainage purposes (name-
". the sI2n00.o0O Public Improvement
Bonds issued under said Act NO. or
1899 and the $8.00O,000 New Pub
der Act No. 1S of the General
Assembly of the State of Louisiana
for ths year 1906, and acts
arnendatory thereof and supplemental
thereto. as well as such bonds. nereoy
sF 80 Ela'ss q B., 9 Ss ssas .l
Ae StmndeuJ, fiof tkfe - ~
Belt Railroad Bonds authdfrzeq py Act
No 1gS of the General Assembly OF thf
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
LGT WAFER supply VI 1OL inc clS4AsoASASA
81 construction Of any revenue proiuc-
Ing public utility nor any paving certln-
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 5 of this amend-
ment even though said iimltatlon snall nan
Nine Million Dollars Of bonds authorized
by gaction ! of this amendment shall
not be subject to the limitation herein
fxed at the time or times that sans
any other bonds that may be issued
Hereafter under this amendment there
Shalt be included in the computation
said Nine Million Dollars Of bonds, not,
outstanding the fact that all of said
Nine Million Dollars of bonos shall not
7 have been actually issued, and sucr
amolInt of emergency bonds as may b'
then outstanding.
Section a. The Board Of Liquide.
tior. City Debt, as now organized anc
Created with the powers, duties anc
functions prescribed by existing law;
and by this amendment, shall be con
tinuad while any bonds authorized ~
this amendment are Outstanding M aha t w
Tor The payment of said bonds shall, day
| by dsy as collected, be paid over to saic
! Board, and shall by it be applied IN pay
| Tnent of the principal and interest @.
| said bonds; and SAID beard shall Will
respect to all bonds authorized by thll
| amendment be entitled to exsreise al
| fhe rights and enforce the performance
| 5f ali the obligations the same az II Il
| authorized to do under laws existing g
| the time Of the adoption OF this amend
men4 with respect to any of the present
| iv outstanding bends of said City o.
| New Orleans All funds, property ant
! ShinRs OF value held by the Board of Ii
/ purposes other than taxes now or here
! hftef levied, and particularly all funds
DroBerty and things OF value now o
! hereafter held by said Board under Ae
| No. 1873 of the General ssenbly or IN
/ state of Louisiana for the year iSS
| ana all amendments thereto, shall whe'
/ released from contract obligations o
dedEations imposed oy laws existing q
1 the fine of the adoption of this amend
/ ment be used ana emp1oyei in the DIS
| erention of sail Board IN payment an
1 ratipanent Of any bonds Of the City o
New Orleans then outstanding.
seetion IS. For general municipa
| nurfoges. exclusive of the support an
maintenance of the pQDlic. schoois an
! the payment of tfle bcnied debt OF tn
/ CItss of New orleans, said city may /
/ each year levy upon all taxable propert
| within said city tax not exceed1n
| six and one-half mills on the dollar o
| the assessed valuation thereofi Pre-
-
! cent debt tax authorized by said Act M
/ f105ef 1890 and the two mill water an
sewer tax artl1eri el by sad Act No.
of1s99 shall both have ceased TO be lev
ied and if thereafter the taxes levied D
the city of New Orleans in any on
year for bonded debt purposes be les
+ than ten mills, said city may in sue sae
eyea1s levy for it's general purpose
sucfT additional tax which, when adie
TO the tax Of six and one-haif mn, NIL,
hereby authorized AMI the taxes ievie
for the payment OF t.ie principal on
interest Of It's b9rAs ss they several
ma ttre. shall net exceed in theSaggr'
eats eivteep aua orc half mills.
Saetion I5. The reservation of tWei
tv psr cent Of the reyenu-s ct the CT
of New Orleans shan not hereafter I
n,a#o as directed by Section 40 OF II
Nctz NO. 159 Of the General assembly
fhe state OF Louisiana for tae yea
1919 except insofar as the fund SO
recfed to be reserved shall have bee g
antes,drnent takes effect to the paymel
f any obligati99n1 oI the the City CITY of q ne NE
s,1aw vyl,an rele7 sei from the obligi