The Caldwell watchman. (Columbia, La.) 1885-1946, 1916-10-13

60 o~,9sud nan bonds may from time
70 time be issued ana negotid'eu' sa1n
any Of the issues OF lle ooIti9 odon-
| city outstanding at the t'i9e % Wy %
ton Of this amendment snail peI'n'o
! caIlahIe according 10 their terms vi tno
.ta+,,ns nnder which they are TeSpcc.
! lively issued, or when the coiS" I ~
! ali the holders OF any such 'S'"o =
bonds can be secured, the Boa'u " 20
cufdgti1n. CITY Debt, shai' nav 80" n
riqbt in It's discretion to cali az ~
any one or more Of SAID issues y ,tinT
and shall be authOrlzed o! Aga,s
! arIy adopted to issue anu Hce't"
b0r6s 70 nrovide the funds neceSS"!s
Tor thet purpose; provided hoHe'o 2
! hat In no event shall the par value "a
the hants 50 sold and n~egotatt4 "a
GOD ,na oar value Of the oonutu J."
G.htedrrss thereby 10 be
Section : The full talth ana C'e.nS
OF the city Of New Orleans are P'eIer'
for the rayment OF the principal - ~,
.or.c+ ~ all bonds issued Under SH''
s~maDdment
THE 0rfuclpll and interest or an n,,ao
! authorized by and 10 be issue" INV,
tn,c amendment shall he lhli piIi'i'' ~
out Of - that ono-halt q l4' ~ nIrp
" Of the one per cent He3t TAX "''"" 49,,
tOfnr- las been dedicated 10 N"t ,hiffo
nor. and maintenance or tNe po"''t
schools ~ sa,i city. - i"Nie" un"eI 'm'
g authorized ov Act 80. ii0 OF III" tt,m
FOR tie year 1890. and si0se4,istl,G
made part OF the CONSTITUTION "a u"
State, and t9l, after January 5-I,
that portion OF the one per Ct.'
tax. auth"rl2ed ana i"NIe" u.,tTTii tay m
40 af0r said. and the tWo-nl''' !"\ "I 9
thGrize6 by and levied under AZ g. y
OF the General Assembly .! tne H'".1
Of Louisiana for the year ~ " .rn,,
shall have been reIease' a'u 49, ra,
dedication either by khe N'''MS ~, .,,r so
funding or the pay L't"' ~ 9"' y~i,ting
Of al or any part OF t'e ~ If MS
at the time OF th" dt'"t'I,' EN- f-n-s
~am"ndmcnt; pToVldei tlda, - ~ "a sh,JI
derived from me sources ye"T 70 rav
be lnSuthCltgl II! am "Ie w. hor-s
the principal ana Hhlt!esl "a +hnI
Issued ,IhdeF liis Tor any
oHtstandlhh anu "t1p"'t f,rde arrra-
cause there sHaLL ~ " SOY nrrnnsc
pTiated to or aEal1aple 49,, sha,} law a
the Nl'Y . Ne" ~ rronnrtv in said
tax upon All taAApIe I'0tr,'y ~ eIch
city sufhcieht 10 ploInI' s,-.hn- ma,
deficiency ana pi9F'nra n ra CON. Ieht
when NE ai"IeSa'n -. ~ ~ snwnr TAX
TAX ana t"o NM ""te' thn C{tv ~
shaI4 cease - e,,, :, .sx upon all
.Ne" an.rtw in said civ suficlen,
taAaple ptopN ~ cinoI and interest Of
10 ply NV ittm.,f raxnact,veIv become
So ''''1
u"r., - 60 harshv Intended that
He,tir.t 5A4Lrat{nn and ]appropria-
81 sa, nna rer cent debt tax au-
thnr3zaj hr saiS Art No 10 Of 1890 tex
49,. n.;. rosrac. IN the said One-half
~ snrnIrs of fine one per cent debt
,ox tbarain dedicated to public schoolS),
~ oP coid two-mjl water and sewer
- nu+hnr;1aI nv said Act No. s OF
- ~ |Ht'iG' ~ octaI ,nd nerforme1
1879, sna'I ot .ftias Nv said stat
accoTuIIs W tIr pttt' nn w norf,nr
utes e~stan'isiru, ~ az fron tha ftevv Of
or the lunus ~teSut5,nS t ha ra1ea sa5 from
se!9 laAes WIZ" a.'",, loainatjone wv
sald approprlasIon "ttu ue W. ~refnn5tngg
tne payihe"L. SatSt"L,' Saht ohJtgations
OF any VI 1ne un" onI thera-onaIns
no" ia 80 n;th tho ore.nalf Of the
sitaIt; s'htt",. 49, nar rant Isht tax
surplus OF ne one pn n nThitc school
heIeiolule ueuitat1u anni;sa "a tna
PURPOSES pc ustI a"n " ~ intorost ~
pagLlen, - tne Ply ~" .nts ~r,an5n,eny,
az ooilu9 .9Hau" aro rar,oIning arter
that any tsS'uue u nr;nnfnni an9 trtar.
ene pay imr'' v ~ ppf hon,Is authorized
. II "no ~ ,9ent shaII ha turned over
py MS 20 $1,000 ~,
10 the Guy Vi Ne" oiieanS = u'.u y.
It for general municipal out
when, ana 10 the extent tnal, tle poiisao
lions now charged on sdia taAeS sAiali NC
paid. satlshed or re1uhueu' saiu .aAes
shall be released from SAID oDllgatlons;
and, ultimately, when enllrely teleaseu
and discharged, shall cease 10 De leVIeu,
and. tina thereafter, any Il all bonus
issued unuer ms ~ahletdnleHt stdl' pe
provided Tor by a TAX upon all laNaoIe
property In the City or New orleans
sufficient to pay the principal IN
terest or SAID ponos as they respeSliseis
become due; PROVIDED however, ina IN
the event me tunos ~hefeinanose spec, th.
~ aeaicateu 10! .ne a ii'ha tia
prlncipai ana tlteles, VI 'ns uTIu n,owo
sueo under tnis a~iIeHuhleht snouio ploNo
insutdclent, the CITY OF Ne" orleans
snail, ana II 10 neIepg requlleu ~, ieNS
In every such instance a. taA upon an
taxable property IN the Ilty OF New "
leans necessary 70 pay inc prlhcipai
ana lnteresl oi balO poius'
Section =. The principal ana interest
OF all bonds authorized by TINS amend.
ment shait De pa!apie IN sofd COIN OF
the United States or America, or us
equivalent, OF the stanoard OF "elght
and f1neness at the time or the issuance
Of each installment or Sald bonds.
Said bonds shall be exempt from all
taxation for state, parish, municipal or
otner iocai purposes.
savings BANKS tulols oI minors curd-
eano;o r;o. na.r inyo-+ tLa Fr,ds /, tbo;r
HuoGiaiiee ma lnse9' lac u" Al he'
harn IN Sdlu poilus.
Salu oohus may pe USED LOT ueposlt
WIN any oilcef. p9ara. manicipaiity or
otner poiltlcai SUBDIVISION ol tle STATE
OF LOUISIANA IN any case "here ny pres
ent or future laws deposit OF security ID
required.
eaiu Dohus may De reslstereo ana re-
leased from registry under such rules
as the board OF Liquloatlon' City DEBT
may prescrloe' :,
eectlon ~. All ponus issued under
ms amendinent snail pear such rate OF
Interes e or t,om tune TO time, at,eFent
$3.50, nthnrmisa snnoi,1Iu nrov;ddnp as a
IN such fnrr, tarrne "a $1,000 &c
and navabie at smcb tiree ond ni. y
within a nariod Of nor axreedirp ,,+ty
N'' fS'i'" = " N"N'SuiiiS hlNy