The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1916-09-23

I9IT, I5EIEIEtILFLI1 EIIEzII
not at any one time be outstanding in an
amount in excess of Five Million Dollars
(S5, 00o 00G) in face value.
Section 13. The total issue of bonds by
shall never exceed ten per centuim of the
assessed valuation of the property in said
city; provided, however, that neither the
bonds issued for water. sewerage and
drainage purposes tnanlely, the $4,000
900 Public Improvement Bonds issued
g " dea oa sa da act Ne Of 1899 ana the
issued under Act No. 19 of the General
Assembly of the State of Louisiana for
the year 1905, and acts amendatory there
of and supplemental thereto, as well as
such bonds, hereby or hereafter author
lied, into which the aforesaid bonds or
any part ddo thereof may be refundedl, nor
authorized by Act No. 179 of the General
Assembly of the State of Louisiana for the
year as nor , any b eaS1 hereafter au-
posess nor any bonds which may hereafter
be issued for water supply or for the
acquisition or construction of any revenue
Certificates primarily ehargeable against
special assessments for street paving,
shall be included in computing the .ndebt-
this limitation; and provided further, that
emergency bonds may be issued as au-
thorized in Section 5 Of this amendment
even though said limitation shall have
been reached; provided that the Nine Mil
| lion Dollars of bonds authorized by Sec
| ton / of this amendment shall not be
subject to the limitation herein fixed at
| the time or times that same shall be
/ issued; but, with respect to any other
| bonds that may be issued hereafter under
| this amendment there shall be included
in pe computation said Nine Million
/ Dollars OF bonds, Notwithstanding the fact
| that all of said Nine Million Dollars of
bonds shall not have been actually issued,
and such amount of emergency bonds as
1 may be then outstanding.
| Section Ia. The Board of Liquidation,
i City Debt, as now organized and created
and with the powers, duties and functions
prescribed by existing laws and by this
amendment, shall be continued while any
bonds authorized by this amendment are
| which may be levied for the payment of
said bonds shall, day by day as collected,
be paid eyer to said Board, and shall by
and interest of said bonds; and said board
shall with respect to all bonds authorized
by this amendment be entitled to exercise
all the rights and enforce the performance
of all the obligations, the same as it is
authorized to do under laws existing at
the time of the adoption of this amend
ment with respect to any of the presently
4 outstanding bonds of said City of New
i Orleans. All funds, property and things
of value held by the Board Of Liquidation
City Debt, for bonded debt purposes other
than taxes now OF, hereafter levied, and
particularly all funds, property and things
of value now or hereafter held by saio
Board under Act No. l33 Of the Genera
/,
the year 1880 and all amendments there
to. shall when released from contraci
obligations or dedications imposed by laws
existing at the time of the adoption of this
| amendment be used and employed in the
discretion of said Board in payment ane
retirement of any bonds Of the City o.
New Orleans then outstanding.
i section l5. For general municipal pur'
poses, exclusive of the support and main
tenance of the public schools and the pay
ment of the bonded debt Of. the City, O
New Orleans, said city may in each yea
levy upon all taxable property within salt
city a tax not exceeding six and one-hal
, ton thereof; provided, however, that whel
: the one per cent debt tax authorized b.
said Act No Ito of 1890 and the. two-mil
water and sewer tax authorized by salt
Act No. 6 of 1899 shall both have ceaset
to be levied, and if thereafter the take
levied by the City of New Orleans in an.
than ten mills. said city may IN sueI
: events levy for It's general M6AQses sucl
: additional tax which, WhsrA to tn
tax Of six and one-haH Mlasls hereb.
:. authorized and the taxes levied for tn
: payment OF the principal and interest o
! + its bonds as they severally mature. sllal
) l. not exceed in the aggregate sixteen an
? one half mills,
i Section Is. Ine reservation. of twent
: per cent of the revenues OF the City
New Orleans shall not hereafter be mad
;, | as directed by Section 40 of Act No. 159 @
. | the General Assembly Of the State
3 Louisiana for the year 1912, except fnso
! shall have been appropriated or dedicate
= before this amendment takes effect TO tn
payment of any obligation OF the City G
5 New Orleans, and said reserve Iund a.:
! cations charged against it by law an
a because of contracts, existing at the tim
: of the adoption of this amendment. sna
4 be used for general municipal purposes
= Section IT. For the support nlainte
7 | nance, construction and repair of tn
public sshgola in the City Of Neg Re oT Pb
= | Schools, Parish Of Orleans. or its legs
q successor, shall levy annually such ia.
! 2 not exceeding three and one-half mills,
!, said Board shall deem necessary, Whte
. flevy shall be certified by said Board
E the Commission Council or other futur
+ governing body OF the City of New q
: i-entered upon the tax rolls of said eli
. . according to law against all taxabl
= property in said city. as assessed an
o valued for city taxation purposes: an
= ksaid tax shall be collected by said city an
= Epaid over to said Boarl of Directors OF e
n Public Schools, Parish Of Orleans, day .
n Said tax, shall be in lieu Of al take
appropriations and funds now authorize
- or directed to be levied or contributed b
e purposes, either by said Act No. ITO
: 1890 or other provisions of the .Constitl
]. ton of this State All constitutional PR
e No oio 2s2 of the the General Assembly Of Il
J state of Louisiana for the year 191
2, ratified as an amendment to the Const
- tuition of this State are hereby abrogate
! and repealed; and the City of New Orlear
= shall have no power or authority to u
~ or employ any of its taxes or funds fl
"a the establishment, support or maintenant
- oflhe public schools, directly or lnd1rec
a lAW except as herein authorized; provide
n n however, that the City OF New Orlea a.
= shall administer. use and employ all Il
r. funds, property or things of value now |
n hereafter held by it under any, specl
y legacy, beauest or donation made or
~ | be made directly to it for school purpose
~ - and shall carry out and execute the COZ
. ditions of all such special Iegacies, b
"a tofore made to and accepted by SAID Cl
,e of New Orleans and all such as may her
= : after be made to and accepted by said CIT
n Section 1S. For the purpose of givil
I'd additional support to the Public School
IS the Board Of Directors of the, Publ
IS Schools, Parish of Orleans, or it's leg
successor may ley 9po oa al dr, taxab
ar special tax not exceeding two mills on Il
If dollarapf the assessed valuation of sa
id prope&H (which special tax shall be
4 excesyof the tax authorized by Sector.
Of of this amendment), whenever IN 9
d. manner prescribed by Act NO. 25s Of T
r. lana for the year 1910, and amendmen
Az thereof or in such other manner as Shs
to be prescribed by law, the rate Of SUI
It. special tax, the number OF years It is
lg be levied and the. purpose for which 9
"a tax is Intended shall have been by sa
Y, Board submitted at an election TO yo
al | Of the property taxpayers Of the City
he New Orleans entitled to vote under Z
az laws of this State, who shall have be-
be assessed for property in said city
re to the submission of the proposition to t
i'll yar0narty5 faxnaVerS and f21 a m