The true Democrat. [volume] (Bayou Sara [La.]) 1892-1928, 1916-09-16

/ issued undgF The aforesaid Act 80, "a q
+ 1914 uT under sHhsequ"Bt ltgislatofi1 shall
Aot ut ans uus time be outstanding in aH
/ amount lH rAtfsa ~ rive Miib0H l'otttl7
/ e aH#. HH#l .u face value.
Section I8 Tie tpi4l Issue 81 bonds hy
/ lag tttg 81 NtW Orleans Tor al purposes
/ shtu never exceed teu per ceptafa Of the
/ asssEHv4 valuation 81 the property ia sA4d
leafs provided, however, that neither tho
| bonds issued fer water sewerage Bud
/ 5t4,lstKg purposes tbam.h, the }l2.o0e.
/ HHo l'aHlG Improvement Bonds ISSUED
| a5t8sr sad Atl Ne . OF la'9 sHa ne
/ Bs Csc 500 NsN IHhlN iHprgy vHsbt huhda
| lsaUtI agHtef At $50. - 81 The General
| AsasHbis uf tbe state OF LOUISIANA Ter
| the Nr3f lt"hf AHI acts a9ithdAtots lhHEt+
! ui .tHJ supplemental thereto, as wei az
] suph bDu8s. hereby Uf hereafter author
| l6ed I.t8 which ihH aforesaid bonds OF
| 3U barr thereof mHy be- retunIedl, uof
| Ghe S. UtaBs3 Public Helt Railroad Bonds
| authorized ty AFt No 10 uf the General
| Assembly III the state u Louisiana tor The
| tHuItauA tuf Public bolt Railroad pur-
pasta. HuF aUs bonds which may hereafter
be iss4pd tuT water supply or for the
| acquisition 81 construction ~ any revenue
| predusiug public utiitty, nor any paving
Irrtt0ltatys primarily ChHrgrablc against
special assessments for street paving,
| shall br included la computing the ndebt-
/ E,suess II Haid city 81 New Orleans under
| that's limitation, and prov ided further, that
| eUDIEgUlg bonds HNy hp issued az aus
/ tHufIEpI ia Section Of this amendment
/ even though said limitation shah have
been reached provided that the Nine MIL
Auu baiIsGs oE bonds authorized by sec
lIuu / cd this amendment shall not be
tlt time 8r times thai same shall be
| HaHtJ H.t. with respect 10 aHg other
| bombs that may hr iBRBvsl hereafter under
| ffils amendment there shalt bu Included
| lu the computation said Slh8 Million
| bpilsrs ut bonds, Notwithstanding The fact
that ali ri said Nine Million Dollars Of
tUnas shall uot lave been actually Issued,
4to augb aWuHut ct smyI genry bonds az
uty l7e then outstanding.
| Section IL III" buafa OF Liquidation,
1Uy Debt AS nov organized and created
HHH with ttt powers, duties ana functions
pres. lilud hy CAIsttHR Laws and by this
amendment. shalt be continued while aas
huuds 8Htturifpd by this amendment are
outstanding ana unpaid aud ali taxes
which Mas he tps isa for the payment o.
salI beads FGaH day by dHy as collected,
be ltia ever 60 said Hoard. aud shall By
a be- applied tu pas uynt of the principal
| tHd interest al said bonds AMI said board
slttli with respect o. an bonds authorized
- tl4ss amendment Ee entitled 10 exercise
| 81 thr rights anu enforce the performance
st Az the obligations, the same as IL Is
authorized 30 do under hNs existing az
thr TINE ~ The adoption 81 this amend q
msBt Nlth respect tp ant af the presently
outstanding hUnas al said cas- Of New
| iri,RHs All funds, property and things
1T sala. hvlI by tbs Bo0fd 1T Liquidation.
| It's tiHbt. fof bonded debt PURPOSES other
than taxes uUW a. hereafter levied, aud
particulars AH funds property and things
Iui value huA az hereafter held by said
Hoard gndrr Act No 10 Of the GENERAL
| Assembly III the state 81 louisiana for
ths Year lssg and ali amendments there
in, shah when released from contract
obligations ~ declarations Imposed by laws
existing AT the time of the adoption u this
| amendment bee ussi aud employed IN the
discretion 0I said BOARD iB payment and
llruTemeHt ~ ti.y bonds Of The city oi
| seN Orleans then outstanding
| Section 10. tuf general municipal parv
possA, exclusive 81 tbs support aud main
teHaHue 81 iAe pubic schools and the pay
mtn} III the tuBsied debt If the city 81
| NeR orleans. said HllE may lu each year
less ulun al Taxable property within said
EitS q tax HUl exceeding sax Hud one bali
Htiia uH ths dollar ri tHe assessed saiua
. fioH hereof provided however. that when
the one Ter cent dent tax authorized by
| said Act SO, liU at Ia3b and the two ntil
water aud sewer ta& authorized By said
Sea Ma. & al lSsa shall both have ceased
Eu h, levied. and II thereafter the taxes
tttigl - tHa tllE ii NcN Orleans IN ans
p4e Brtt Tor banded debt purposes he less
tlHtH tea mills, said ,dt} Htay ia such
| sseHts lgyt tol rs general purposes such
additional tax wkagI. when added te tbs
tax ~ six and one haf mills hereby
authorized Bun the tAsns levied for the
i pul ntut ct the principal and interest Of
fIs bonds as the5 sVgerAlly mature, shall
moi exceed Ia the aggregate sixteen and
uUt haH mglla
Section h.. iug reservation 81 twenty
per cent IT tbs revenues ~ the city al
| Nya Orleans shan not hereafter hg made
| sa directed hs Section 80 Il Act No, ihs a
| Pc. Gthsral Assembly OF the state 81
uHt~ianH for ihe SeHr 1912. except inso-
f,f rs tht fund 50 directed 81 be reserved
| abHl haYt tvru appropriated or dedicated
l8meut Of ANS obligation ~ the city Of
! | NtR Orleans and said reserve fund III
| Zach year, When released from the obli-
CATIONS charged AGAINST II by law ane
, | because ~ contracts, existing az the tims
ul the adoption ~ this amendment ehal
, BE- used for general municipal purposes
Soc'IuB II For the support. inalatu,
, | nance, construction and repair Of tbs
pulisc schools IN the CITY III New Orleans
} he Hoard Of Directors ~ the Public
, schools Parish ~ Orleans. or its lega
! Successor, shall levy annually such tax
unt exceeding three and enc hall mills, "a
tttd Hoard shall deem necessary. whiCf
levy shall be certified hy said Hoard q
, the Commission Council or ether future
governing body II the City 81 New Or.
! leans. which shah cause the tax 10 b.
| catered auuB the tax rolls 81 said cts
, according te law against all taxable
+
!, valued fpf city taxation purposes ant
/ sad tHk shall be collected by said city aue
I | paid over To sald liUarl ~ Directors 81 ths
iuhh# schools. Parish ~ Orleans, day hj
, | taA a. collected
Said tax shall be Ia lieu Of all taxes
| appropriations and funds now authorized
rr directed la be levied or contributed b,
the CTS IT SeW Orleans foF public sehuo
purposes. either by said Act No 40 o.
lta0 or other provisions az the Constitu,
ltuH 1t thiA state All constitutional pro
/ visions 90 che contrary, ns well AZ Ae
( No. - ~ the General Assembly ~ III,
| state uf Louisiana fer the year 1914
, ratified ~ an amendment 90 the Eonati
tuition Of thiH state are hereby Abrseatet
and repealed Hud the City OF New OYleani
shall have no power or authority 90 usi
| nr employ any ~ us taxes or funds FOL
, The establishment, support or maintenance
| Of the public schools, directly or Indirect
4 Is, except as herein authorized provided
hnae}ef, thAt the cts uf NoB Orleans
shall administer. use and employ all thu
; funds, property uF things Of value now 81
, hereafter hela bN u Under any hpeCta
, legacy Request or donation made or q
h. made directly O. Il for school purposes
: ami shall carry uut and execute the con
dittuta ~ Hll each special leRaeies be
> guests er donations that have been here
! | tuGUfc mode o. and accepted hy sald Cits
1 81 Sew orleans and 8il such Rs may here
after be- made 90 and accepted by said city
II Section u.s. For the purpose II giylus
I | additional support 10 the Public schools
! the Hoard ~ Directors az the Publ,
= sehaals Parish ~ Orleans. OF tts leRa
r successor, mas levy Upon an taxahl,