The Natchitoches enterprise. (Natchitoches, La.) 1888-1965, 1916-08-31

funds, not otherwise appropriated. to
pay and discharge same are actually in
making the contract or mourning the
debt or. obligation and are specifically
set aside and dedicated to said purpose,
unless herein otherwise provided. The
foregoing limitation and restriction
shall not apply or be held to apply to
contracts or obligation incurred with
respect to the furnishing to said city or
light, heat or power water. telephone
service or garbage removal or destruc-
ton.
The said city may in any calendar
year in anticipation of the collection of
the taxes of such calendar year, and for
the purposes for which such taxes are
levied, borrow such sums as SHAH not
be in excess OF Nle amount OF it's un-
collected taxes of such year. and may
issue its notes or other evidences or
Indebtedness therefor. and such sum,
notes or other evidences of indebted
ness slrall be payable only out of the
taxes of the calendar year in which said
loan or loans are first made. and for
which Indebtedness said revenues shall
he pledged, and said indebte mess shall
not be payable out of any other sunds
or moneys wha tsoeVer No money shall
be borrowed by the said city except for
current municipal purposes, and in no
event shall any money be borrowed by
said city to make or to pay for works
of public Improvement. Said city may
issue for street paving purposes certifi-
Gates on it's faiLn and credit pursuant to
legislative authority. to an amount not
In excess of any special assessments
which have been or shall be made for
such purposes. Such paving certificates
hereafter issued shall be chargeabie
against the special assess
ments in respect of which they are is
sued, and secondarily against the reve-
nues of the City OF New Orleans derived
from taxation for general municipal
purposes and from sources other than
n w fn fhe no ant 1f ba fnrir
pal and interest of the bonds now out
standing or hereafter to be issued un-
der this paving certificates only in the
event and u the extent that sucn
amendment. which revnues shall be sp-
piled in payment of such special assess
mentS shall be insufficient for such pay
ment and reimbursement shall be made
to the general funds of the City of New
Orleans when the assessments are col
lected to the extent of the amount that
the said general funds shall have con-
tTtbuted to the payment aforesaid. So
much of Act No. % of the General AS
sembly of the State of Louisiana for the
year 1914 as may be inconsistent here
with is hereby repealed. and hereafter
no paving certificates shall be issued
upon the pledge of the reserve fund or
the City Of New Orleans. but such GER
tihcates shall be secured as herein and
otherwise provided for by said act or
legislative authority not IN
conn1ct herewith; provided, however,
that paving certificates for which the
faith and credit of the City of New Or
leans shall be pledged, whether issued
under the aforesaid Act No. % of 1914,
or under subsequent legislation, shall
not at tstny one time be outstanding in
an amount in excess OF Five Million
Dollars (S5.000. .00O) in face value
Section 13. The total issue of bonds
by the City OF New Orleans for all pur-
poses shall never exceed ten per centum
Of the assessed valuation of the proper
IN Ao1A ~ 50 Ao1 Haxa I,1A
neither the bonds issued for water,
sewerage and drainage purposes (name-
ly, the S120000o0 Public Improvement
Bonds Issued under said Act No. of
1899 and the $S,000,000 New Pub
ic Improvement Bonds issued un-
der Act No. 19 of the General
Assembly of the State of Louisiana
for the year 1906, and acts
thereof and supplemental
thereto, as well as such bonds, hereby
or hereafter authorized. into which the
Aforesaid bonos or any par therof may
be refundedl. nor the s2,0e0,000 Public
Belt Eaalroad R0ndsa an tlsorizad by Act
No. 11e of the General Assembly Of the
State Of Louisiana for the year 1905
nor any bonds hereafter authorized for
Public Belt Railroad purposes. nor any
bonds which may hereafter be issued
for water supply or for the acquisition
Ing public utility, nor any paving eertiti-
Gates primarily chargeable against spe-
cial assessments for street paving, shall
be included in computing the indebted
ness of said City of New Orleans under
this Limitation; and provided further,
that emergency bonds may be issued as
authorized in Section of this amend
nent 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
hxed at the time or times that same
I.1 nA. H7a4 nit alf To
any other bonds that may be issued
eereafter under this amendment there
shall be included in the computation
said Nine Million Dollars of bonds. NOT
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 IA. The Board of Liqufda-
ton, City Debt, as now organized and
functions prescribed by existing laws
and by this amendment shall be con-
tinued, while any bonds authorized by
this amendment are outstanding and un-
Tor the payment of said bonds shall, day
by day as collected, be paid over to said
Board, and shall by 1t be applied in pay
ment Of the principal and interest or
said bonds; and said board shall with
respect to all bonds authorized by this
be entitled to exercise all
the rights and enforce the performance
of all the obligations. the same as ii is
authorized to do under laws existing at
the tine of the adoption Of this amend
ment with respect to any of the present
ly outstanding bonds Of said City OF
New Orleans All funds, property and
things Of value held by the Board of LII
lutdatson. City Debt. for bonded debt
,urposes other than taxes now or here
after levied. and particularly all funds,
and things Of value now or
hereafter held by said Board under Act
No 1913 Of the General ssembly of the
State of Louisiana for the year 1880
md ali amendments thereto shall when
released from contract obligations or
iedica tions imposed by laws existing at
the time of the adoption of this amend
ment he 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 49, For general municipal
of the public schools ana
the payment of the bonded debt of the
City OF New Orleans. said city may in
zach year levy upon all taxable property
six and one-half mills on the dollar Of
the assessed valuation thereof; pro-
vided, however, that when the one per
cent debt tax authorized by said Act No.
lilo of 1890 and the two mill water and
sewer tax authorized by said Act No. 8
Il 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 tor bonded debt purposes be less
than ten mills. said city may in such
events levy for its general purposes
such additional tax which, when added
TO the tax of six and one-half mins
hereby authorized and the taxes levied
for the payment of the principal and
Interest of its bonds as they severally
mature. shall not exceed in the aggre-
gate sixteen and one-haif mills.
Section 16. The reservation of TWEEN
tv per cent OF the revenues OF the City
of New Orleans shall not hereafter be
made ks directed by Section 40 of the
Act No 159 OF the General Assembly OF
he State Of Louisiana for the year
1912. except insofar as the fund so de
rected to be reserved shall have been
appropriated or dedicated before this
amendment takes effect to the payment
81 ane Obligation OF the City OF New
Orleans. and sgfd reserve fund Of each
gear, when released from the oblIga-