Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1916-09-29
PROPOSED
AMENDMENTS
TO THE
CONSTITUTION OF LOUIS
lana
Adopted at the Session of the
Legislature of 1916.
To Be Voted On at the Congress
si0nal Election.
Act No. 4
Adopted at the Session of the
Legislature of 1916.
To Be Voted On at the Congress
siOnal Election.
Act No. 4

tuition of the State of Louisiana pro-
Ssbss Of n. city Of SsM orleans H and
Of the Board of Directors of the Pub
lie Schools. Parish of Orleans. re-
ppectively the issuance of serial bonds
manner in which same may be issued
and the duties and functions OF the
Board OF Liquidation, City Debt with
reference thereto; and the levying by
the City of New Orleans and the
Board OF School Directors, Parish of
Orleans. respectively of certain taxes
for general municipal and school pur-
poses: and providing for the submits
sion OF said amendment to the cleo
tors of the State for their approval
or rejection.
Be IL enacted by the General Assem-
bly, of the State Of Louisiana, two-thirds
of all the members elected to each house
ooncurring that subject to the ratifica-
ton and approval of the electors of
the State, the Constitution of the State
be amended by Incorporating therein
the following provisions. to-wit:
Section 1. The City of New Orleans
by a vote of three-fourths of all the
members OF the Board of Liquidation
City Debt approved by resolution of the
Commission Council. or it's successor as
the governing body of said municipality
adopted by vote of two-thirds of all
the members OF said council or govern
ing body. shall have power and is here
by authorized to issue Nine Million Dol
lars $4,000, 0OO) of bonds. to be styled
city of New Orleans Serial Gold
Bonds" and to bear such rate OF inter-
est as the Board of Liquidation. City
Debt. may fix from time to time as each
installment of said bonds is offered for
sale as hereinafter provided
Section 2. Three Million Dollars (s3.-
o0o.ooo), in par value of the bonds au-
thorized by Section of this amendment
shall forthwith be sold.
The proceeds of said three million
dollars of bonds shall be applied exclu-
sively to the following purposes and in
the following order:
(a) The payment of the outstanding
and unpaid school Teachers Salary
Bonds OIL the City of New Orleans" is
sued under Act No of the General AS
sembly of the State of Louisiana ror
the year 1906, which bonds shall be
called for payment and paid as soon as
practicable;
o. The payment of the principal OF
the floating indebtedness of the
Board Schools Sd Drsi Parish of of the anS
evidenced BY note or notes out
standing at the time of the adoption
Of this amendment to an amount nc
exceeding Six Hundred and Fifty Thou
sand Dollars {ss5o.ooO); provided that
In the event that said Indebtedness OF
any part thereof shall have been paid
by said Board out of its current reve-
amendment, the amount thus paid (not
20 exceed S650.000, however). shall be
paid over in cash to said Board 10 be
used by It for school purposes. as pro-
(c) The payment of the sum of Five
Hundred Thousand Dollars CS50O.0oo)
with interest thereon, borrowed by the
City Of New Orleans for storm emergen-
cy purposes in the year 1915;
(d) The payment of the overdraft or
other Indebtedness due by the City OF
New Orleans to its fiscal agents or other
banks representing loans or advances
made by them to said city. other than
those referred to in paragraph (c) or
this section. to an amount not exceed
Tb ars Hnesrsd s sns
ty Thousand Dollars (sl,35o.000); and
(e) The balance of said proceeds
shall be used and employed by the
Board Of Liquidation. City Debt. for the
Gates Of the City OF New Orleans, as set
forth in Section of this amendment
Section 8. Inc remainder of the
bonds authorized by Section of this
amendment. or SO much thereof as may
time In such amounts as the Board of
Liquidation. City Debt. may determine
and the proceeds of the sale thereof
shall be applied by said Board to the
payment of Public Improvement Certifi-
Gates authorized by Act No. Sc of the
General Assembly OF the State of Louis
lana for the year 1908. and acts amenda-
tory thereof. and presently outstanding
or issued at any time in payment OF
any contract made before this amend
ment takes effect. at their respective
maturttfes or when said maturities can
be anticipated upon terms satisfactory
to said Board.
Said Act No. IS of 1908 and all
amendments thereof. as well as all stat
utes upon the same subject and so
much of Acts No. 1913 and No. go of
the General Assembly of the State OF
Louisiana for the year 1910. and other
statutes on the same subject matter as
may affect apply or pertain to the CITY
of New Orleans, be and the same are
hereby repealed: nevertheless Public
IN the manner provided by said Act No
IS OF 1908. and amendments thereof. in
payment or any contract made before
this amendment takes effect.
Section 4. The City OF New Orleans
may also issue and negotiate its bonds
when authorized by a vote OF q majority
IN number and amount OF the property
Sor nyers, VINO shall have been assessed
the last assessment made prior to the
submission OF the proposition to the
said property taxpayers and who are
otherwise qualified to vote under the
Constitution and laws OF this State
voting at an election called by ordinance
adopted by vote OF two-thirds of all
ell. or Its successor as the governing
body Of said City of New Orleans. and
which ordinance before any such elec-
tion Is ordered shall be also adopted by
n
bsrs Of the Board of Liquidation. City
Debt. Due notice OF said election shall
be published for thirty days in the ON
oiai Journal Of said city (four weekly
insertions OF said notice constituting a
publication for thirty Gays. provided
thirty days intervene between the date
of the nrst insertion and the date of
No bonds shall be issued under this
section for any other purpose or for
any greater amount than that stated In
the submission OF the proposition to
Section s. In case of fire. flood. pes-
thence. storm or other. public calamity,
the City OF New Orleans shall have
power. by a two-thirds vote of all the
members OF the Commission Council. or
its successor as the governing BODY or
said city. concurred In by q three
eourths vote Of all the members of the
borrow money and issue and negotiate
bonds In such sum. not exceeding Five
Hundred Thousand Dollars ($500, 0Q0),
~ shall be necessary in any one such
Section s. For the purpose OF re-
funding all or any part OF the bonded
Indebtedness OF the City OF New Orleans
existing at the time Of the adoption of
ai s, .%s en- bonds may from time
any Of the issues Of the bonds of said
city outstanding at the time OF the adop-
ton OF this amendment shall become
statutes under which they are respec-
lively issued. or when the consent of
all the holders OF any such issue OF
bends can be secured, the BOARD of LII
right In tts discretion to call and pay
any enc or more OF said issues Of bonds,
and shall be authorised by resolution
bo1ds TO provide the funds necessary
for that parpooe; provided. however.
tat In no event shall the par value Of
Dc bonds % cold and negotiated ex.
iaSfe6nsao thereby % b rsfundsd.