St. Landry clarion. (Opelousas, La.) 1890-1921, 1916-10-21
PROPOSED
! AMENDMENTS
TO THE
CONSTITUTION OF LOUIS
lana
Adopted at the Session of the
Legislature of 1915.
To Be Voted On at the Congress
sional Election.
Act No. 4
Act No. 4

House Bill No. 4. BY Mr.. Byrne.
j A JOINT RESOLUTION.
Proposing an amendment to the Constr
tuition Of the State of Louisiana pro-
viding for: The funding Of certain
debts Of the city Of New Orleans n
of the Board Of Directors of the Pub
lie Schools, Parish of Orleans. re-
spectively the ssuan Of serial bonds
by said city, the purpose for ana the
manner in which same may be issued
and the duties and functions of the
BOARD Of Liquidation, City Debt, with
reference thereto; n the levying by
the City of New Orleans n the
Board Of School Directors, Parish of
Orleans, respectively, of certain taxes
for general municipal and school pur-
poses; and providing for the submfs-
zion OF said amendment to the cleo
tors Of the State for their approval
or rejection.
Be 1t enacted by the General Assem-
bly, of the State of Louisiana, two-thirds
of all the members elected to each house
Goncurring, that subject to the ratiica.
zion and approval Of the electors of
Che State, the Constitution of the State
be amended by Incorporating therein
the following provisions, to-wit:
Section /. The City Of New Orleans.
by a tie Of three-fourths of all the
Raembe q of the Board OF Liquidation
City Dat., approved by resolution OF the
Commission Council, or its successor as
the governing body of said munlcipallty
VDI Ny q WIZ "
the members of said council or govern
nag body. shall ave power and ts here
by authorized to issue Nin Million DOL
s aeity l of sOoi New q Orleans palra Serial So 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 10 offered for
sale as hereinafter provided.
Section 2. Three Million Dollars (S3,-
0eo, 000), in par value, of the bonds au-
thorized by Section / of this amendment
shall forthwith be sold.
The proceeds of said three million
dollars OF bonds shall be applied exclu-
sfvely to the following purposes and in
the following order:
(a) The payment Of the outstanding
and unpaid school Teachers Salary
Bonds or the City of New Orleans is
sued under Act No 2 of the General AS
eembly of the State of Louisiana xor
the year 1905, which bonds shall be
called for payment and paid as soon as
practicable;
(b) The payment of the principaI OF
the floating indebtedness of the
Board Of Directors of the Pub
lie Schools, Parish Of Orleans,
evidenced by note or notes out
standing at the time of the adoption
OF this amendment to an amount no
exceeding Six Hundred and Fifty Thou
sand Dollars (S650,000); provided that
In the event that said Indebtedness or
ANY DART GleToO1 SEa1l nave De6H pAIQ
by said Board out of its current reve-
nues previous to the adoption of this
amendment, the amount thus paid mot
to exceed S65O.000, however,, shall be
paid over in cash to said Board to be
used by 1t for school purposes, as pro-
vfded by law;
(c) The payment of the sum of Five
Hundred Thousand Dollars (S500.000).
with interest thereon, borrowed by the
City Of New Orleans for storm emergen-
ey purposes in the year 1915;
(d) The payment of the overdraft Or
other Indebtedness due by the City OF
New Orleans to its fiscal agents or other
banks representing loans or advances
made by them to said city, other mar
those referred to in paragraph (c> or
this section, to an amount not exceed
of One Million Three Hundred and Fiji
ty Thousand Dollars ($1,350, 000); and
(el The balance of said proceeds
Board of Liquidation, City Debt, for the
payment of Public Improvement Certifi-
Gates of the City of New Orleans, as set
forth In Section 8 of this amendment.
Section 8. The remainder of the
bonds authorized by Section ] OF this
amendment. or SO much thereof as nay
he necessary, shall be sold, from time TO
Liquidation. City Debt, may determine.
hi the proceeds of the sale thereof
shall applied by said Board to tne
payme4g Of Public improvement Certifi-
gates Au -1OTlZGu by ACI mo. 90 u IH0
General ssembly Of the state of LOUIS
lana for he year 1908, and acts amenda-
tory thef IT, n presently outstanding
or isstsa at any time in payment OF
any c let made before this amend
mem canes effect, at their respective
Enaturities or when said maturities can
be anticipated upon terms satisfactory
10 said Board.
amendments thereof, as well as all stat
utes upon the same subject, and SO
much Of Acts No. 1913 and No. 270 of
the General Assembly of the State OF
Louisiana for the year 1910, and other
statutes on the same subject matter. az
may affect, apply or pertain to the City
of New Orleans, be and the same are
hereby repealed; nevertheless Public
Improvement Certificates may be issued
In the provided by said Act No.
sc of 1908, and amendments thereof. in
payment of any contract made before
this amendment takes effect.
Section 4. The City of New Orleans
may also issue n negotiate it's bonds
when authorized by a vote of g. majority
in number and amount of the property
taxpayers. who shall have been assessed
for property In said city as shown by
the last assessment a prior to the
submission of the proposition to the
said property taxpayers and who are
otherwise qualified to vote under the
Constitution and laws or this State,
voting at an election called by ordinance
adopted by a vote of two-thirds of all
the members or the COMMISSION COun-
ell, or its successor as the governing
body OF said City of New Orleans. and
which ordinance before any such cleo
tion is ordered shall be also adopted by
o vote of three-fourths of all the MEM
bers of the Board of Liquidation, City
Debt. Due notice of said election shall
be published for thirty days in the off,
cial journal of said city tfour weekly
insertions OF said notice constituting q
publication for thirty days, provided
thirty days intervene between the date
OF the first insertion and the date of
said ~elecuon).
Nc bonds shall be issued under this
section for any other purpose or for
any greater amount thar that stated IN
the submission of the proposition to
said taxpayers.
Section S. IN case of fire, flood. pes-
thence, storm or other public calamity,
the City OF New Orleans Shall have
power. by q two-thirds vote of all M
members of the Commission Council, OF
fts successor as the governing body Of,
said city. ~concurred In by q three.
Rourths vote of all the members OF the
Board OF Liquidation. City Debt. TO
borrow money and issue and negotiate
bonds in such sum-, not exceeding Five
Hundred Thousand Dollars ($Soe, 000),
shall be necessary In any n such