The Natchitoches enterprise., 1916-10-12
PROPOSED
ANEN.')5.ENTS
TO THE
CONS G-ITUTION OF LOUIS
Adoptel at the Session Of the
l., gislatu.e Of 1916.
To Dc Voted On at the Congress
sional .1.-ctivn.
Act NO. A

House RilI Nc. 4. BY Mr. Byrne
Joint RESOLUTION
Proposing an amen IInent to the Constl-
tuition Of the State of Louisiana pro
vloiItg for: The funding OF certain
debts of the City OF New Orleans and
OF tie Board OF Directors of the Pub
lie Schools. Parish Of Orleans. re-
spectlrely the issuance of seriai bon g
~ ,ty. tie purpose Ior and the
ram er in which same may be issued
ana the duties and functions Of the
Bjald Of Li4ui iatlon. City DEBT. with
the City OF New Orlea g and the
Board of School Directors, Parish o.
Orleans, respectively. OF certain taxes
for general municipal an school pur-
poses; AMI proviiing for the suomis-
sion of snid amen lment to the eiec-
tors of tie State for their approval
or rejection.
Be 1t enacted by the General Assem-
bly, OF the State Of Louisiana, two-thir6s
of all the members e.ecte Z each I9eEs
concurring. that subject tn tie ratifica
ton and approval of the electors o:
the State, the Constitution of the State
the following provisions, to-wit
Section /. The City OF New Orleans.
by a vote of three-fourths If all the
members OF the Board OF Liquidation
City Debt, approved by resolution of the
Commission Council, or its successor an
the governing body of said municipality,
adopted by a vote of two-thlra~ 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 ($9,000,000) 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 fer
sale as hereinafter provided.
Section 2. Three Million Dollars (SS,-
O0e.000l. in per value of the bonds au-
thors2ed by Section of this amendment
shall forthwith be sold.
Tie proceeds Of said three million
dollars OF bonds shall be applied exclu-
siveiy to the following purposes and in
the following order:
(al The payment Of the outstanding
sIllls o. the city Of New Orleans. if-
e,ied I,nder Act No Of the General Az
metnbiyA OF the State Of Louisiana r0r
the year 1906. which bonds shall be
called for payment and paid as soon al
Sb eb5 The payment Of the principaI OF
the floating Indebtedness of the
Board Of Directors of the Pub
eS,denced nS by note or notes out
standing at the time OF the adoption
OF this amendment 70 an amount nf
exceeain~ Six Hundred and Fifty Thou-
sand Dollars ($65o.000): provided that
any part thereof shall have been paid
by said Board out of it's current reve-
nues previous to the adoption OF this
amendment, the amount thus paid (not
to exceed s6t0.000, however,. shall b"
paid over In cash to said Board TO De
used by for school purposes. as pro-
yided ny iaw:
Hundred Thousand Dollars ($5OO,OOol.
with interest thereon, borrowed by the
City Of New Orleans for storm emergen-
cy purposes in the year 1915;
(dl The payment of the overdraft or
other Indebtedness due by the City of
New Orleans 20 its fiscal agents or other
banks representing loans or advances
made by them to said city, other than
those referred to in paragraph tc) OF
this section, to an amount not exceed
ing in principal and interest the sum
~ Thousand Dollars $3.50 0O0): ami
(el = balance of said proceeds
shall be uged and employed by the
Board =. j .i,nidation. City Debt. for the
rates o. 10 city OF New Orleans. as set
forth In Section of this amendment.
Section he remainder OF the
bordg authorized by Section / OF this
amendnenf. or 30 much thereof as may
be necessary. s,aai be sold. from time 70
kime. fr such amounts as the Baar1 or
Liauidatan, city Debt. may determine
shall be applied by said Board to the
payment \ nubiic improvement Certif-
eptes erssn-ized by Act No. Sc OF tha
General , Asaefnbly Of the state of louis
lara FOR year 1908 and acts amen9a-
tory thereof, and presently outstanding
Or iss'f any time IN payment OF
bny cort~aet made before this amsrd-
glent takas effect At their rs,spect,ss gss
be antic!satel upon terms satisfactory
said N~t No. SIS Of 1908 and az
anendue ts thereof, as we'll as all stat
utes upa, the same subject, and so
much of sets No. 12s and No. 2f0 of
sfre f'.t esu Assembly of the State OF
Louisin~r Cor the year 1910. AM other
sftatrter the same subject matter, az
may afft t, apply or pertain to the city
of New -iears. be and the sar1e ere
hereby repea'ei: nevertheless PUBIC
4 Eln the manner provils by said Act NO
Blfe 81 HcaS, and amendments thereof In
E z, aefaest Of any contract made before
K ilth.s a-rendment takes effect
smay p'sa iesre and negotiate its bonds
when authorized by vote OF majority
In nu'~i'er . "a amount OF the property
tsx-nyeis VITO shall have been assessed
for prnpertv IN said city as shown Dy
tAe last assessment made prior to the
: ,,5f ission 80 the proposition to the
p-or ertv taxravers and who era
tr.' e-wieo rHaiiael to vote under the
~. s;ft.it " and laws OF this State.
III tias- Al Al election called by ordinance
ie vote of two-thirds OF all
III - r 1lffTS OF t1e 0ottlfntSatOl sOOuH-
lrfi. or ~ Successor as the governing
knsv aF saf city OF New Orleans. and
h.f,srs t1ance before any such eiec-
Il - e - eel skail be also adopted by
3h vato tii' re-fnurths of all the mar
hasF ~ Ne Roard of Liquidation. City
iE Yat - notice OF said election shall
III -rissaei ~nr thirty davB In the oYfs-
t M rai or said city -four weekly
W u. said notice constituting s
4sr8 IFS ss.t Cor thirty Gays. provide
I4+&f svh ts'tervene bet veen the date
fr4 ~. rres insertion and the date Of
a ~ f. shall be issued under this
b, nr 4sr my other purpose or Tor
rsf.s.-eefe9 mount than that stare1 IN
IA So - IN OF the proposition to
ftS sarpfF.
4refis- IN CO AZ OF fre, flood. pes
lfsaF@ Ffarra or other public calamity.
lfss fftp nj New Orleans shall have
II -. ~ = two-thirig vote OF ell tat
+ 49, npr # the Commission Council or
ifF slrcaseer - thn vvvefgirg hofv ~
leaiA elty, clucurrti Ii by q three
~ vutu sf all the members OF the
aMfsl Of liquidation, CITY. Dsst. "
.rrrw ntt4fey and lNAne and neaoIsa q
A.sna IN allrh 5sisa, nAs rSrnrdiDs
ANaaArsN 7aHssnd suilHFk Fta1a9 9vii
"a as.atl ~ lsgsasafs u siS uns s1se
stnrf3hhfR,