The true Democrat. [volume] (Bayou Sara [La.]) 1892-1928, 1916-10-14

,f.a..ri h. excess uf FHe Million Dollars
HHu naHf H face value
ss.r.a H. The total issue u bonds by
tH, Cib uf heN orleans lHf AL purposes
~atH utyNE exceed tea per 1shtgm 81 me
assessed valuation 81 The property ia stid
.tt.. lrus .8t3. ArwHFer. that neither the
bonds F-.sa Iur water. HgW efage and
8ustuaEv Hafpaaes iaamtIs, the Sls,9yA,,
Hg# Guhl tmVFuv smsHt tou4s ISSUED
under aIHA Att 80 q 81 1898 ana the
&. 4.u aH <.W p4bac lmpIpt ment Bonds
.sa4.I sH4rI Act Sc. ID II the General
ASSES uHlH 10 lhs state Of Louisiana for
Ibr year tsIH. sid acts alHFBldtgf} thtle
az aUa supplemental thereto. AS well AH
lz.B. suta which ths aforesaid bohds or
aus part thereof may hc refunded Hof
lht * Hua 900 Public Erlt Railroad Hunas
authorized NF Act No ll5 81 the General
Assembly al tGt state ~ Louisiana Tor The
.ss4F lHWs, UuT HU8 bonds hereafter bu-
guargz,a tor Pubic E,lt iAttlfaad par-
pa..s. uas aus bonds htcA may hereafter
be- HN~rd guf water supply or Tor the
acquisition ct construction ~ any revenue
producing public uitity nor ans paving
special assessments for street PAYING,
shall b, .ucladod "a computing the ndebt
eIuesa uf said city ~ New orleans under
thig limitation and prov lded further, lnat
emergency bonds may be Issued aa au
GhHfzei iu section 3 II this amendment
even though said limitation shall have
hpuu reached provided that the Nine Mi
bon Dollars ut bonds authorised b@ See
zion ! uf this amendment shall not lie
subject to tEe limitation herein ilNed at
IU. t.tH, uG times that same shall be
ssurl but with respect 10 any other
bends that mas be issued hereafter under
This Amendment there shall be included
lH the computation said Nine Million
Dollars Ut t0uas, uuta outstanding the fact
that Hll III Ealb Mae Million Dollars 81
honda shall hot have been actually issued,
and sugh amount of emergency bonds ar
Hay be- then outstanding
Section IL. The Beard OF Liquidation,
city Debt. as bgH organized and created
and with thr powers, duties and functions
prescribed - existing laws and b. this
amendment. shall bee continued while any
bombs authorized by this amendment are
outstanding and unpaid and al taBes
which may he levied for the BAY ment Of
said hUHHa SHAH iH3 bS day as collected
hs paid ever G. said board, and shall by
a De- applied iT payment uf the principal
But interest uG said bonds, and said board
shall 0lh respect e. 8H bonds authorized
h} this Am,Uu9vEt be entitled 90 exercise
til the rsh}@ utI enforce the performance
Of aii ihs obligations, the same as t IS
authorized ig So under laws existing at
tht time If The adoption II this amend
mtHt WIih respect TO any uf the presently
outstanding bonds uf said city 81 New
Orleans All funds, property ana things
~ Nai4r held hy the Hoard Of Liquidation,
city Debt for bonded debt purposes other
than taxes uew OF hereafter levied, aud
particularly All funds property aud things
90 Nalu, moss ur hereafter held by said
Huard under At Ne l83 Of the General
Assembly of the state oi Louisiana Tot
The year 1850 and all amendments there
~, shall when released from contract
obligations ur dDiieatiuna Imposed by laws
existing 90 The tmt 20 the adoption 81 this
amendment tt uNfH aH1 employed IA the
iseErt.uu OF Etf8 Board ia payment ami
retirement cd HUE houls % the cts Of
sru orleans iErH outstanding
Section la. taT general municipal puf-
poses exclusive ~ the support and main
ssnlH.t ~ tHr pltlfe schools and the pay
UsHt If tHe bonded debt Of the city If
ArH Orleans said g.tF mas lu each year
lltNE Upon #tl iaNAllt PIuptTt} within said
.iit u itA HHt exceeding stN and one hall
mills aH tEr dollar az the assessed y,dua-
ton thereof provided however that when
tAs aHt psr cent debt tax authorized ty
said Agt Nc. Ito II 1880 AID tbs two mBtl
water and sewer GHN authorized by said
Act Na 81 lss1 shall both have ceased
10 bt levied 3EB q thereafter the taxes
aHa scar fag bonded dett purposes be less
than tsa mills, Hnga eltS uay IN such
events Jess tot It's general purposes such
adittiuHd iaN which, when added 10 the
tax ~ SIX and enc haif mills hereby
authorized aHd the taxes levied for the
rs bonds az tiges seNerAliy mature, shall
not exceed u the aggregate sixteen and
He h3lf mills
Section Is Iue reservation ef twenty
par cent 81 the revenues II the CITY 81
NvN orleans SHAH uuf hereafter be made
sH directed les Section 81 II Act Ne l5a %
| o.. 1rHtIgl Assembly Of the state ~
Louisiana Tor the year 1919, except inso-
laF as the fund $50 directed go be fessfy Ell
shll have been appropriated or dedicated
fEaf F#F8 fF Ek
payment 81 ans Obligation ot the City Of
New Orleans, aud said reserve fund of
each year when released from the obIi.
cations charged against IL b. law and
because ~ contracts. existing AZ the time
~ The adoption II this amendment shall
| b" used f"r general municipal purposes
section II For the support. naInto.
nance, construction and repair If the
public Athguls Ia the cts Of New Orleans,
| the Buard uf Directors II the Public
| Schools Parish II Orleans, or It's legal
| successor, shall levy annually such tar.
l not exceeding three and one half mills as
said Board shall deem necessary, which
! irNh shNN he eertiiei by said Board TO
| the Commission Council or other future
| governing body uf he city Of New Or
| leans which shah cause the tax TO be
| entered uren The tax rolls 81 said oIty
| according 30 law against all taxable
| property ia said city as assessed and
| valued for city taxation purposes and
| paid over "a said Eearl Of Directors Of the
| iatjtn schools. Parish 81 Orleans, dag by
| day aa collected
| Said tax shaft be III lieu Of all taxes.
| appropriations and funds now authorized
| gr #sT.stal 50 be- levied OF contributed hy
| the CITY 81 New Orleans for public schooi
! purposes either by said Act Ne iib o!
| lN3u on other provisions Of the Ganstitu-
| ton az thls state All constitutional pre-
| Visions ta the contrary, as we'll as Act
| Ne ss2 If the General Assembly ~ the
| state OF Louisiana for the year 1914
| ratified AS Hn amendment to the C0nstl
| tuition II this state, are hereby Ahragated
| and repealed and the city Of New Orleans
| sh7i have no power or authority to use
| ~ employ any II ifs taxes or funds for
| The establishment support or maintenance
| OF the public schools directly or Indirect
! =, except as herein authorized provided
| hos ever that the city Of New Orleans
| eh8H administer use and employ ALI the
| iAhiN properly rr things ut value now or
| hereafter held hy IL under any special
| legacy, heqHtst ~ donation made or "a
| he made directly 10 Il Tor school purposes,
| and shall carry out and execute the con
| atii"hs uf all such special ieRaclcs be-
| quests ~ donations that have been here
| letufe made a. 8Hd accepted By said city
| " NeN Orleans and an such "a may here
| AFTER b' made lo and accepted by said city
| Section U.s. For the purpose Of giving
] additional support 10 the fubie schools.
| the Board ~ Directors ~ the Public
| schools. Parish - Orleans, or lfs legal
| successor W8y levy upon all taxable
| property IN the Iiiy ~ New orleans a
| special tax not exceeding two mills on the