Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1916-09-01

Section 10. The Board OF Directors
of the Public Schools Parish of Orleans
or its legal successor. shall not capt.
talize the whole or any part or the
taxes which by this amendment II Is au-
thorized to levy, nor fund the same INTO
bonds, nor borrow money in anticipation
of the collection thereof; provided that
said Board may, in any calendar year,
in anticipation of the collection or the
taxes of such calendar year and for the
purpose for which such taxes are levied
borrow such sums as shall not be in ex-
cess of the amount of its uncoliecteo
taxes of such year, and may issue lts
notes or other evidences or Indebtedness
therefor. and such sums. notes or other
evidences of indebt edness shall be pay
able only out of the taxes or the caleh-
dar year in which said loan or loans
are first made and for which indebted
ness shall not be payable out OF any
other funds or moneys Whatever pro-
vided. however, no moneys shall be Dor
rowed by said Board for any other pur-
poses than current purposes, ana IN no
event shall any money be borrowed py
said Board to make or to pay Tor per-
manent improvements: ana proViueu
further, that said Board shall not make
any contract or incur any debt or opli-
cation unless sufficient funds not other
wise appropriated to pay and discharge
the same are actually in the treaSurey
of said Board at the time or making
said contract or mourning said debt or
obligation and are specially set aside
and dedicated to said purpose. except as
may be hereinabove specially provided.
Said Board shall annually and prior
to the beginning of the scholastic year
prepare a budget of it's receipts and eX-
penditures and said budget. before it
becomes effective. must be approved by
the Commission Council or the CITY OF
New Orleans. or its successor as the
governing body of said City. and all APP
propria lions by or expenditures of said
Board not included in the said budget
shall likewise before becoming effective
be approved by said Commission Coun-
Gil or its said successor;
Provided that nothing herein shall
be taken or construed as authorizing
the Commission Council or its sue
cessor to change. alter. substitute or
eliminate any of the items of the
budget thus submitted; the true in
tent and meaning hereof being that
the said council or its successors shall
have no authority whatsoever in or
over said budget, except TO the extent
of ascertaining whether the proposed
expenditures as exhibited by said
budget are within the probable and
estimated revenues of said Board of
Directors of the Public Schools. Par
ish of Orleans.
Section 90 The inhibition herein
established against the City of New
Orleans and the Board of Directors of
or either of them, borrowing money.
anticipating their revenues, capitalize
ing their funds or issuing notes of
other evidences of debt, shall apply
to all boards. commissions or bodies
created by or under the authority of
the Common Council of the City of
New Orleans. or it's successor as the
governing body of said city.
Section 81. The provisions hereof
are self-operative, and the City of
New Orleans and the several boards
and bodies herein referred to shall
carry the same into effect.
Be il further. enacted, etc, that the
amendment proposed by this act shall
be submitted to the electors of the
State for their approval or rejection
at the Congressional election to be
held on the first Tuesday after the
first Monday in the month of Novem-
Der. 1916; that there shall be printed
on the official ballots to be used at
said election the words:
For the proposed amendment to
the Constitution of the State of Louis
lana providing for the funding of GER
tain debts of the City of New Orleans
and of the Board of Directors of the
Public Schools, Parish of Orleans"
and the words:
Against the proposed amendment to
the Constitution of the State of Louis
lana providing for the funding OF GER
tain debts of the City of New Orleans
and of the Board of Directors of the
Public Schools, Parish of Orleans;"
and that each elector shall indicate
on the ballot cast by him. as provided
by the general election laws of the
State. whether he votes for or against
the proposed amendment.
HEWITT BOUANCHAUD,
Speaker of the House of Representa-
tives.
FERNAND MOUTON,
Lieutenant Governor and President of
the Senate.
Approved: June s, 1916.
r. G. PLEASANT
Governor of the State of Louisiana
A true copy:
JAMES J. BAILEY,
Secretary of State.