St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1916-09-02
PROPOSED
AMENDMENTS
TO THE
CONSTITUTION OF LOUIS
lana
adopted at the Session of the
Legislature of 1916.
To Be Voted On at the Congress
siOnal Election.
Act No. 4

Of the Board of Directors OF the Pub
lilo Schools. Parish of Orleans, re-
opectively the Issuance OF serial bonds
by said city. the purpose for and the
manner tn which same may be issued
aAd the duties and functions OF the
Beard Of Liquidation, City Debt, with
reference thereto; and the levying by
the City of New Orleans and the
Board Of School Directors. Parish OF
Orleans, respectively, of certain taxes
for general municipal and school pur-
poses: and providing for the subnis-
sion Of said amendment to the cleo
tors Of the State for their approval
or rejection
Be IL enacted by the Genera! Assem-
bly, Of the state Of Louisiana. two-thirds
Of all the members elected to each house
concurrins, that subject to the ratifica.
ton and approval OF the electors OF
BE- amended by incorporating therein
The following provisions. to-wit:
Section /. The City of New Orleans.
By q vote OF throe-fourths of all the
members Of the Board of Liquidation
CITY Debt, approved by resolution OF the
the governing body Of said municipality:
adopted by q vote Of two-thirds of all
the members Of said council or govern
Ing body. shall have power and Is here
lars (1s,Q0o,o o0) Of bonds. to be styled
city Of New Orleans Serial Gold
Donds," and 70 bear such rate of inter
est ~ the Board Of Liquidation, City
lnetallmsnt Of said bonds is offered for
sale - hereinafter provided.
Section :. Three Million Dollars (S3.-
oOo, O00), In par value, OF the bonds au-
thorisod by Section OF this amendment
shall forthwith be sold.
The proceeds Of said three million
0ively to the following purposes and in
the following order:
ana unpaid as ps SeRoai = reashsr.' salary
Boods Of the City Of New Orleans" is
Sne 81 A a.. Stat. q Of ne
1hQ year 1906, which bonds shall be
called for payment and paid as soon a.
prlsticable:
.as ao.ti1f ,ad:0tsdasss ~, Of 9TH, tn.
s,a.aesS P aoe. or OF notes out
standing ct the timo of the adoption
Of th3: e9sadmsnt to an amount .,,9,, tn, mo-
eand Dollars (S65o.0oo): provided that
IN the event that qaid indebtedness or
any part thereof shall have been paid
b. said Board out OF its current reve-
ansndnsnt. the amount thus paid mot
60 exceed $780, 900, however), shall be
pA10 over in cash to said Board to Do
esd By + for school purposes, an pro-
Is The payment Of the sum Of FIVE
Hundred Thousand Dollars ($5o0.oOo).
With interest thereon, borrowed by tne
City OF New Orleans for storm emergen-
Tss IN sss year Of thu a'is
ether Indebtedness due by the City of
New Orleans to its fiscal agents or other
baAfs representing loans or advances
.aads BY tnsm to said city, other ah TT than an
this section, to an amount not exceed
60 IN principal and interest the sum
Qf One Million Three Hundred and Fiji
~. s 1es,' 3 : asa p9oe sns
board Of Liquidation, City Debt. for the
payment Of Public Improvement Certif1-
Gates Of The City Of New Orleans. as set
Section :. The remainder Of the
a0endmsnG, or 90 much thereof AZ may
g necessary, shall be sold. from time 70
Liquidation, City Debt. may determine.
shall be applied by said Board 70 the
Ct Rss - Het Sn c e n.
General Assembly Of the state Of Louis
lana for the year 1908. and acts amenda-
oeSy thereof. and presently outstanding
.sTcd e any time ne,l in pay payment Of
mSnt takes effect. at their respective
matu11ties or when said maturities can
= antao}pstsd upon terms satisfactory
seid Act No. IS Of 1908 and all
ameadmsnts thereof. ~ well as ali stat
utse. upon the same subject, and 50
much Of Acts No. l:s and No: 40 Of
the General Assembly Of the state Of
statutes ON the same subject matter, az
q New Orleans. b and the same are
hero6y repealed; nevertheless Public
Improvement Certificates may be issued
q the manner provided by said Act NO.
% Of 1905. and amendments thereof, in
payment q any contract made before
0to annsndmsnt takes effect.
ny also issue and negotiate its bonds
whom authorized by . vote OF a majority
IN number and amount OF the property
taxpayers. who shall have been assessed
sSs property IN said city % ISL, shown W BY
9ubmiosfon OF the proposition to the
eaid property taxpayers and who are
otherwise qualified to vote under the
oonstitution and laws ,, Of this State.
adopted BY q vote Of two-thirds of all
the members OF the Commission Coun-
Gil. Or it, successor az the governing
lion - ordered shall be also adopted by
. vote Of thres-fourths OF all the MEM
eero Of the Board Of Liquidation. City
s. published for thirty days In the ofii-
e1al journal OF said city flour weekly
1neertions Of said notice constituting q
publication for thirty Gays, provided
x IL ffst insertion and II. ' date eA Of
No bonds shall be issued under this
section for any other purpose or for
any greater amount than that stated IN
Section &. In case Of IRE, food. pes
tilenoe. storm or other public calamity.
The City Of New Orleans shall have
members Of the Commission Council. or
it0 successor al the governing body Of
said city. concurred In by q three
Gourths vote Of all tho 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 ($50O. OOO).
- shall be necessary in any one such
emergency.
funding all or any part Of the bonded
@debtednsse OF the City Of New Orleans
this amendment, bonds may from time
20 time be issued and negotiated When
any OF the Issues OF the bonds OF said
city outstanding at the time of the adop-
ton Of this amendment shall become
oAllable according to their terms or the
statutes under which they are respec.
elyely issued, or when the consent OF
al the holders OF any such issue OF
bonds can be secured, the Board of Lii
ouldAtion. City Debt. shall have tne
right In it, discretion to call and pay
any one or more of said issues OF bonds,
and shall DO authorized by resolution
Au1y adopted to issue and negotia.e
bonds to provide the funds necessary
Tor that purpQea: provided. however.