The Caldwell watchman. (Columbia, La.) 1885-1946, 1916-10-06


! funds, not otherwise appropriated 10
pav and discharge same are actually ~
the treasury Of said city at the time "a
! making the contract or lncurring u"
debt or obligation ana are speelAcailS
SET aside and dedicated to said purpose
unless herein otherwise provided. INC
! foregoing limitation and restrictloi'
shall not apply or We held to apply 10
! contracts or obligation Incurred WIN
respect to the furnishing to said city OF
| itEht. heat or power water, telephone
! service or garbage removal or destrnc-
| tlCn.
Ihe said city may In any calendar
! year IN ANTICIPATION of the collection u
| the taxes OF SuCh calendar year, and iot
the purposes for which such taxes are
| levied. borrow such sums as shall not
| u" il excess of the amount Of its uH-
collected taxes OF such year and may
| issue its notes or olAer evidences OF
| Indebtedness therefor, and such sum
| notes or other evidences Of indebted
| ness shall be payable only out of the
taxes of the calendar year In which SAID
I loan or loans are first made and for
| which Indebtedness said revenues sha II
| be pledged. and said Indebtedness SHAH
not be payable out OF any other funds
| or moneys whatsoever NO money Shali
be borrowed by the said city except Tor
| current municipal purposes, ana in no
event shah any money De borrowed BY
| said city to make or to pay, for works
| OF public Improvement. Said city may
! issue for street paving purposes certln-
Gates on its faltA and credit pursuant to
| Legislative authority, to an amount not
| In excess Of any special assessments
which nave been or Shall be made for
such purposes Such paving certificates
| hereafter ISSUED Shall be chargeable
primarily against the special assess
| ments In respect of which they are is
| sued, ana serundayily against the revr-
| nucs OF the city Of New Orleans derived
| from taxation for general municipal
| purposes and from sources other than
| the taxes for the payment CT the princl-
! pal and interest Of tht bonds now out
| standing or hereafter to be issued IN
| der this paving certificates only in the
| event and 10 the extent that surn
amendment, which revnues shall be APP
piled in payment of such special assess-
ment and TeimbuTsement shall be made
to the general funds of the CITY "f New
orleans Wnth inc assessments are COT
ected to the extent OF the amount that
the salo general fu'l0s shall nave con
trlbuted TO the payment aforesaid. 50
much or ACT no. :" OF the General AS
senlpiy or ire STATE on LOUISIANA Tor the
y taL ts1t a. may We l'lcot,sis'tnt leIer
win is hereOy repeated ana hereafter
no paving certihcates snail be issued
upon lhe piedse or the reserve 1uhd or
me tfty or Ne" orleans but Shch GER
tinca'es shali oe secured as heIelh ana
otner"lse proVloed LOT py saio act or
SUBSEQUENT legIslatVe au.horitS nov III
cohiIct ntte"!tn, PROVIDED however
thAt paving ceFtlHCates LOT wHlth the
ialth anu Crealt OF me lily Oh Ne" or-
iehns shai! he piedged, Whetmef issued
uhoer inc AFORESAID ACT no 20 oi lsi4,
Vi "huef Subsequent iesiSiatlol'' enaii
not at any one time be outstahding IN
Dollars ts5. 600. 000} in face value.
Section "a Tho total ,ssue Of bonds
by the CITY OF New Orleans for ali pur-
noses shall MAYER ayCeed ten nor centum
If tho assassed vaiuetion Of me nroner-
~ IN said Civ nrov;ded howarer hat
neithar Two honda ,ssuad Tor watar
" Tho az 600 ooo Publ Imnrovamnn,
Ronds issued Under sa;d Art No e If
ZOO nd -, ss ono ooo E,u, ~
~ , pds ;ss,,ad w.,
a. NY n.y.. "a 'o nf ,ha -. ".,
uci ~ 80. % .no ,;Iia
Asseh'p'S VI 'he "'aae VI A-o"iS'ata
lor me year ASoe' ana acls
ahehaat"f! t1efeol ahi supp'ehieittai
tlei tto' az wei 40 SUN uonls; 10y
aforeseid bnnns or anv mar thsrnt may
he refmnde3I nor the s. 600 000 puhl,,
ReIt Pailroad Ronds authorized nv Act
NJ "a of tho cenaroI Assembly If ma
state Of Louisiana for the YEA 1aaS
nor any bonds hereafter authorized for
puhIio Ralt railroad nurnosas nor anv
honds which may HEREAFTER he issuaI
for water smnplv or FOR the ac1uisition
or CONSUMPTION Of any revenue nrnnuc-
mo nnbiic ntiIitv nor anv n.,.ine rsrtiN-
ca1as nrimariiv chareeahta against sne.
ciaI assessments for street having shah
ha ,noludod IN comnnting tho in1sht -
ness of said CITY OF New orl.an.s unds6
. this lirnitation; and provided furtheT
that emergency bonds may be issued as
authorized In Section of this ameno-
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
rot be subject to the limitation herein
shall be issued. but, with respect to
any other bonds that may be issued
hereafter under THIS amendment there
snail pc lncluueo IN the computation
said Nine Million Dollars or bonds. mol
Withstandlng me TACT mat all or SAID
Nihs M'iIioh DoiIaFs VI potos sl,aii hot
have been actually issued, ana sucn
amount or emergency bonds as may be
then outstanding.
Section A. The Board Of Liqulda-
ton. City Debt, as now organized and
created with the powers, duties anu
functions prescribed by existing laws
and by this amendment shall be con-
tlnued While any bonds authorized by
TINS Amendment are outstanding ana IN
paid; and all taxes which may be Levied
FOR the payment or SAID bonds snail. day
by day as COLLECTED be paid over to said
boaro, ana shail by II De applled IN pay
ment or the prlnclpal and interest," or
SAID bonds, ana SAD board shall with
respect 70 an oohts autioffAed py this
amendment be entitled TO exercise all
the rights ana enforce the performance
OF ali the obllgauons, the same as 1t IS
autHorlHeu % oo eluer laWs existing at
the time OF the aaoPttoh OF thfs amend
lnenl win respect 10 any OF the present