The Natchitoches enterprise., 1916-10-12

0T incur any debt or obllga ton Tor any
purpose whatsoever unless sufficient
funds, not otherwise appropriated, to
pay and discharge same are actually In
khe treasury of said city at the time OF
making the Gu tact or mourning the
debt or o5licIl "a. and are spec. lcally
set aside ami .Ie ,lcatai to said purpose,
unless herein otherwise provided. The
gore Eoing limitation and restriction
shall rot apply or be held to apply TO
contracts or Obligation incurred with
respect to the furnishing to said city or
sight heat or power, water. telephone
service or garbage removal or destruc-
tion.
The sail 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 shdii NOT
he in excess Of Sae amount OF it's un-
collected taxes of such year, and may
ssue it's notes or other evidences OF
Indebtedness therefor. and sucn sum,
notes or other evidences Of indebted
ness shall be payable only out OF the
taxes of the calendar year in which said
loan or loans ave irSt ma ie. and Tor
which indebtedness said revenues shall
be pledged, ana SaId t4eHta less snail
not be payable out of any other funds
or moneys whatsoever No money s.laI
be bCrro wed by the said city except ior
current municipal purposes, ana IN no
event shall any money be borrowed oy
said city - make or to pay for WORKS
of public Improvement Said city may
issue for street paving purposes certlh-
Gates on its fail 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 issue1 shall be chargeable
primarily against the special assess
ments in respect OF which they are is
sued, and secondarily against the reve-
:nues of the City Of %ew Orleans derived
from taxation for general municipal
purposes and from sources other than
:the taxes for the payment of the primer
pal and interest of the bonds now out
standing or hereafter to be issued un-
der this paving certificates only in the
event and to the extent that sucn
amendment. which revnues shall be ap-
piled in payment of such special assess
ments shall be insufficient for such pay
ment. and reimbursement shall be made
: to the rereral funds of the City of New
Orleans when the assessments are col
5lected t. the extent OF the amount thai
the said general funds shall have con
tributed to the payment aforesaid. Sc
sembly of the State of Louisiana for the
year 1914 as may be incons. .stent here
with is hereby repealed, and hereafter
no paving certificates shall be issued
the City of New Orleans but such GER
tifcates shall be secured as herein and
otherwise provided for by said act or
subsequent legislative authority not III
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,
not at any one time be outstanding In
an amount in excess of Five Million
Dollars ($5,000.0O0( in face value.
!. Section 10. 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
ty in said city provided, however, that
neither the bonds ISSUED for water,
ly. the 312,00o,O 900 Public improvement
Bonds issued under said Act No. of
1899 and the ss,000.o00 New Pub
:lic Improvement Bonds issued un;
Assembly of the State Of Louisiana
amsndstory thereof ana supplemental
thereto, as well as such bonds, hereby
aforesaid bonus or any par therof may
3be refunded), nor the $2,000.000 Public
Belt Railroad Bonds authorized by Act
No. 17S Of the General Assembly of the
State Of Louisiana for the year 1903.
nor any bonds hereafter authorized for
Public Belt Railroad purposes, nor any
bonds which may hereafter be lsSueo
for water supply or for the acquisition
or construction of any revenue produC-
ing public utility, nor any paving certif-
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 Imitation; and provided further.
that emergency bonds may be issued as
authorized in Section of this amend-
ment even though said Limitation shall
have been reached provided that the
Nine Million Dollars of bonds authorized
by Section l 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 the computation
said Nine Million Dollars of bonds. not
withstanding the fact that all OF said
Nine Million Dollars of bonds shall not
have been actually issued, and sucn
amount of emergency bonds a. may be
then outstanding.
Section IA. The Board OF Liquioa-
ton, City Debt as now organized and
created with the powers, duties ana
functions prescribed by existing laws
and by this amendment, shall be con-
ttnued while any bonds authorized by
this amendment are outstanding and un-
paid; and all taxes which may be levied
FOR 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 sad. 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 1t is
authorized to do under laws existing at
the time Of the adoption of this amend
ment with respect to any of the present
iy outstanding bonds of said City or
New Orleans All funds, property and
things of value held by the Board Of LII
quotation. City Debt. for bonded den'
purposes other than taxes now or here
after levied. and particularly all funds
property and things of value now or
hereafter held by said Board under Act
No. 1873 of the General ssembly of thf
State of Louisiana for the year 1881
and all amendments thereto. shall when
released from contract obligations OF
dedications imposed by laws existing al
the time of the adoption Of this amend
ment be used and employed in the dis
creation of said Board in payment ant
retirement of any bonds of the City o.
New Orleans then outstanding
Section is. For general municipal
purposes. exclusive of the support and
maintenance of the puplic schools ana
the payment Of the bonded debt of the
City of New orleans. said city may In
each year levy upon all taxable property
within said city ats q tax not excseeeding se
the assessed valuation thereof; pro
vided, however, that when the one Per
cent debt tax authorized by said Act No
10 Of 1890 and the two mill water am
sewer tax authorized by said .Act No.
Of 1899 shall both have ceased to be lev
led and if thereafter the taxes levied bv
the City Of New Orleans in any one
year for bonded debt purposes be less
than ten mills, said city may in sucl
events levy for it's general purposes
. such additional tax which, when ad1e
10 the tax of six and one-half mllls
hereby authorized and the taxes levfed
for the payment of the principal and
interest of it's bonds as they severally
mature. shall not exceed in the aggre-
gate sfxteer. AMI one-half mills.
Section IS. The reservation of TWEEN
ty per cent of the revenues of the City
Of New Orleans shall not hereafter be
made as directed by Section 40 of the
Act No. 159 of the General Assembly of
the State of Louisiana for the year
1912. except insofar as the fund so d.
rected to be reserved shall have been
appropriated or dedicated before this
arr endment takes effect to the payment
of any Obligation OF the City OF New
Orleans. and said reserve fund of each
year. when released from the obliga-