St. Landry clarion. (Opelousas, La.) 1890-1921, 1916-09-16
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
To Be Voted On at the Congress
siOnal Election.
Act No. 4

.3E+
Mouse Bill No. 4. BY Mr.. Byrn,
A JOINT RESOLUTION.
Proposing an amendment to the Consti
tuition OF the state of Louisiana pro
riding for: The funding of certai
debts OF the City of New Orleans an
81 the Board of Directors of the Pub
lie Schools. Parish OF Orleans, re
epectiveiy the issuance of serial bond
by said city, the purpose for and tn
manner in which same may be ISSUES
ano the duties and functions of tn,
BOARD OF Liquidation. City Debt, will
rsfsrSnoe thereto; and the lsvying b.
The City OF New Orleans and TIL
Board OF School Directors, Parish o.
Orleans, respec lively. Of certain taxes
Tor general municipal and school pur
poses: and providing for the submits
9ion OF said amendment to the cleo.
tors Of the State for their approval
or rejection.
Be II enacted by the General Assem-.
bly, Of tAs State Of Louisiana. two-third,
~ al the members elected to each house
~eoneurring, that subject to the ratinca-
Hon N approval of the electors OF
The State, the Constitution of the State
he amended by incorporating therein
the following provisions, to-wit:
Section i. The City OF New Orleans,
~ a ote Of three-fourths Of all the
penn : of the Board Of Liquidation
City B4ls approved by resolution of the
SoAit1iNS-Ou SOuuC1s OF Ale SUCCESSOR al
che governing body OF eaid municipality,
adopted by q vots Of two-thirds OF ali
the members Of said council or govern
tng body. shall have power apd 10 here
ISEs tss. 300 300 of bonds. to be styled
'Ctty OF New Orleans ssrial Gold
Bonds. and 70 bear such rate OF inter-
2et as ths Board Of Liquidation, City
tn~etallment Of said bonds 10 offered for
sale as hereinafter provided
gantion 2. Three Million Dollars (SB,.
9o0,o0ol " par value. Of the bonds au-
shall forthwith be sold.
Ihe proceeds of said three million
dollars bf bonds shall be applied exolu-
etvsiy to the following purposes and in
the following order:
ta} The payment OF the outstanding
bonds OF the city or New Orleans" Is
sued under Act No 2 OF the General AS
eembly of the State of Louisiana ror
the year 1905, which bonds shall be
tb) Tn payment of the principal Of
the floating indebtedness of the
BOARD OF Directors of the Pub
syidsnced By note or notes oIie out.
standing at the time Of the adoption
OF this amendment to an amount mo-
exceeding Six Hundred and Fifty Thou
sand Dollars lSs5o,0o0); provided that
In the event that said indebtedness or
N part thereof shall have been paid
by said Board out of its current reye-
nues previous to the adoption of this
to exceed 1850, 600, however,, shall be
paid over In cash to said Board to be
used by It for school purposes, as pro-
vided by iaw;
Hundred Thousand Dollars (s500, 0oo). ]
with interest thereon, borrowed by the !
City OF New Orleans for storm emergen-
w purposes In the year 1915;
(d) The payment OF the overdraft or
ether indebtedness u by the City of
New Orleans to It's fiscal agents or other
banks representing loans or advances
mace ny them to said city. other than
All section, to an amount not exceed
lng In principal and interest the SUM
Of One Million Three Hundred and FIJI
~ Thonsand Dollars (S1,35o.000); and
lel The balance of said proceeds
be used and employed by the
6oard OF Liquidation. City Debt, for the
payment Of Public Improvement Certif-
leFth In Section 3 Of this amendment.
section >. The remainder OF the
,onds authorized by Section / OF this
% necessary, shall be sold. from time TO
lime, In such amounts as the Board Of
City Debt, may determine,
md the proceeds of the sale thereof
NDMN"H W ShIo EOdIQ u In0 IT,
g -me IF Public Improvement Certif-
atas ~ rorized by Act No. B6 Of the
sfsc.T ssiembly of the State of Louis
ana rF4t ne year 1908. and acts amenda-
tA&4 Vt. and presently outstanding
r tr%N at any time in paymen OF
e tct made before this amends
.sTt ai.es effect, at their respective
satGriries or when said maturitfes can
9 anticipated upon terms satisfactory
D said Board.
Said Act No. So of 1908 and all
thereof, as well as all stat
tes upon the same subject. ana no
OF Acts No. 1873 and No. 270 of
1e General Assembly of the State of
for the year 1910, and other
Iay AFFECT, apply or pertain to the City
New Orleans. be n the same are
repealed; nevertheless Public {
nprovenent Certificates MAJ be issued
OF 1908, and amendments thereof, in
lyment of any contract made before
is amendment takes effect.
Section I. The City of New Orleans
hen authorized by a vote Of a majority
number and amount of the property
xpayers. who shall have been assessed
r property In said city as shown by :
g last assessment made prior to the {
of the proposition to the q
ia property taxpayers and who are {
herwfss qualified to vote under the a
and laws or this State, 4
N~NNFo ~ ~ IlfhA L -
opted by a vote of two-thirds of all =
0 members of the Commission Coun- I
/. or its successor as the governing
dy of said City of New Orleans, and /
Itch ordinance before any such cleo
N is ordered shall be also adopted by {
vote OF ta~ree-fourths of all the MEM !
RS ofSthe Board of Liquidation, City h
bt. Due notice of said election shall ~
published for thirty days in the off, l
! journal of said city (four weekly j
of said notice constituting a q
for thirty Gays. provided D
rty days intervene between the date o
the FIRST insertion and the date Of e.
d elecaon1. n
20 bonds shall be issued under this q
for any other purpose or for a
{ greater amount than THAI stated IN
submission of the proposition to v
d taxpayers. ii
S, In ease OF fire, flood. PES is
nee. storm or other public calamity. ir
City OF New Orleans shall HAYS ii
by a tTe-thirds vote of all the e
nbers of the Commission Council. or
sQecessGr as the governing bodv or tr
! city, ~concurred in by a three. al
rths vote or all tie members OF the NJ
I'd of LtQgidation. City Debt. to -
money and issue and negotiate =
IN such sam. not exceeding rive
Thousand Dollars $500. 00e). II
shall lie necessary in any one such ~