St. Landry clarion. (Opelousas, La.) 1890-1921, 1916-09-30

event and to the extent that such
piled In payment Of such special assess
ments shall be insufficient for such pay
ment, and reimbursement shall be mace
to the general funds of the City or New
Orleans when the assessments are col
1ected to the extent of the amount that
the said general funds shall have con-
ributed to the payment aforesaid; %
much of Act No. 20 of the General As
sembIy of the State of Louisiana for the
year 1914 as may be inconsistent mere
with is hereby repealed, n ~reaft
no paving certificates sha be issued
upon the pledge of the reserve fund OF
the City of New Orleans, but such GER
ti1cates shall be secured as herein ana
otherwise provided for by said act or
subsequent legislative authority NOT m
connict herewith; provided, however,
that paving certificates, for which the
faith and credit of the City OF New Or
leans shall be pledged, Whetnef issued
under the aforesaid Act No. ~ or 1914,
or under subsequent legislation, snail
not at any one time be outstanding IN
an amount in excess of Five Million
Dollars $4,000, 000) in face value.
Section IS. The total issue of bonds
by the City of New Orleans for al pur-
poses shall never exceed ten per centum
of the assessed valuation Of the proper
ty in said city provided, however. that
neither the bonds ISSUED for water.
sewerage drainage purposes (name-
ly,E InG 31Et uUV,UVD IwuUliG 1AiPA Az
Bonds issued under said Act No. 8 OF
1899 and the ss.0oo.0 900 New Pub
lie Improvement Bonds issue un-
der Act No. 10 OF the Genera
Assembly OF the State Of Louisiana
a~mendatory thereof and supplemental
thereto, as well as such bonds, hereby
or hereafter authorized. into which the
aforesaid bonas or any par tneroI may
be refunded), nor the 50, 900, 900 Pubic
Belt Railroad Bonds authorized by ACT
No. 179 of the General Assembly OF the
State Of Louisiana for the year 1903,
nor any bonds hereafter althorlzed Tor
Public Belt Railroad purposes, nor any
bonds which may hereafter be ISSUED
for water supply or for the acquisition
or construction OF any revenue produc-
ing public utility, nor any paving certln-
Gates primarily ch~argeable against spe-
cial assessments for street paving, shail
be included in computing the indebted
ness of said City of New Orleans under
that emergency bonds may be issued as
authorized in Section 5 Of this amend
ment even though said Limitation shall
have been reached provided that the
Nine Million Dollars of bonds authorized
by Section / of this amendment shall
not be subject to the limitation herein
fixed at the time or times that same
shall be issued; but with respeet TO
any other bonds that ma be issued
hereafter under this amendment there
shall be included in the ~computatio@
said Nine Million Dollars of bonds, not-
w~ithstanding the fact that all of said
Nine Million Dollars of bonds shall not
have been actually issued, and sucn
amount of emergency bonds as may be
then outstanding.
Section II. The Board of Liquida-
created with the powers, duties and
functions prescribed by existing laws
n by this amendment, shall be con-
tinued while any bonds authorized by
~ 1919 - D,vf rfa ~ in ~ a md nm
paid; and all taxes which may be Levied
for the payment of said bonds shall. day
by day as collected, be paid over to said
Board, and shall by it be applied in pay
ment of the principal and interest OF
said bonds; and SAID board shall with
respect to all bonds authorized by his
amendment be entitled to exercise all
the rights and enforce the performance
of all the obligations, the same as 1T Is
authorized to do under laws existing at
the time of the adoption of this amend
ment with respect to any OF the present.
ly outstanding bonds Of said City OF
things of value held by the Board of La
quotation, City Debt. for bonded denI
other than taxes now or here
after levied, and particularly all funds.
property and things of value now or
hereafter held by said Board under Act
No. 1873 of h General ssembiy OF the
State of Louisiana for the year 1880
and all amendments thereto, h when
released from contract obligations or
dedications imposed by laws existing at
the time of the adoption of this amend
ment be used and employed In the dis
creation of said Board in payment and
retirement of any bonds of the City or
New Orleans then outstanding.
Section Is. For general municipal
purposes, exclusive of the support and
maintenance of the public schools ana
City of New Orleans, said city may in
each year levy upon all taxable property
within said city a tax not exceeding
SIX and one-half mills on the dollar of
the assessed valuation thereof; pro-
yided, however, that when the one per
cent debt tax authorized by said Act No.
ITO of 1880 and the two mill water ana
sewer tax authorized by said Act No. 8
of 1899 shall both have ceased to be lev
led, and if thereafter the taxes levied by
the City of New Orleans in any one
year for bonded debt purposes be less
than ten mills, said city may In such
such additional tax which, when added
to the tax OF six and one-half rnflis
hereby authorized and the K levied
for the payment of the principal and
mature, shall not exceed in the aggre-
gate sixteen and one-half mills.
Section 16. The reservation Of TWEEN
ty per cent of the of the City
Of New Orleans shall not hereafter be
made as directed by Section 40 of the
Act No. 159 of the General Assembly of
the State of Louisiana for the year
1912, except insofar as the fund 80 d.
rected to be reserved shall have been
appropriated or dedicated before this
amendment takes effect to the payment
of any obligation OF the City, Of New
Orleans, and said reserve fund of each
year, when released from the obliga-
lions charged against 1t by law n be-
cause of contracts, existing at the time
of the adoption Of this amendment,
shall be used for general municipal pur-
poses.
Section II. Fol the support. mainte-
nance construction and repair of the
leans, the Board of Directors of the
Public Schools. Parish of Orleans, or it's
legal successor, Shall levy annually
such tax, not exceeding three and one
half mills, as said Board shall deem
necessary, which levy shall be certified
by said Board to the Commission Coun-
Gil or other future governing body OF
the City of New Orleans, which shall
tax rolls of said city according to law
against all taxable property in said
city as assessed and valued for city
taxation purposes; n said tax shall be
collected by said city and paid over to
said Board of Directors of the Public
Schools, Parish of Orleans, day by day
as collected.
Said tax shall be in lieu of all taxes.
appropriations and funds now authoriz-
ed or directed to be levied or contrib
uted by the City Of New Orleans for
public school purposes, either by said
Of the hs0 constitution tau Of this al State. All
constitutional provisions to the COM
trary, as we'll as Act No. 262 of the
General Assembly of the State of Louis
ANA for the year 1914, ratified as an
amendment to the Constitution of tnls
State. are hereby ~abrogated and repeal
ed; and the City OF New Orleans shall
have no power or authority to use or
employ any Of it's taxes or funds for
the establishment. support or mainte-
nance of the public schools. directly or
Indirectly, except as herein authorized;
provided, however, that the City Of New
Orleans shall administer, use and em-
ploy sill the funds. property or things
of value now or hereafter held by 1t
under any special legacy, bequest or do