The Caldwell watchman. (Columbia, La.) 1885-1946, 1916-09-08
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

pronosing an amendment to the Consti-
tuition Of the state Of Louisiana pro
yiding for: The funding of certain
debts OF the city of New Orleans ana
Of the Board of Directors Of the fup-
lie Schools. Parish Of Orleans. re-
spectlvely the issuance OF serial BOMBS
nv said city the purpose for ana the
manner in which same may be lssueu
and the duties and functions or the
Board of Liquidation, Guy Dent WIN
reference thereto; and the leFyns by
the CITY of New Orleans and the
Roard Of School Directors, Parish or
Orleans respectively. of certain taxes
for general municipal anu Schooi pul
poses: and providing for the suomls-
sion of said amendment to the cleo
tors of the State for their apPfoFai
or rejection.
Re II enacted by the Genera! Assem-
blv of the State OF Louisiana, tWO-thlrds
Of all the members elected t" each mousse
concurring. that subject to the ratif!ca
ton and approval OF the electors OF
the State, the Constitution OF lht Si"te
be amended by incorporating therein
the following provisions, to-wit.
Section /. The city Of New Orleans,
by n vote of thrre-tourthS Of al the
members Of the Board of LiGWdat!on
City Debt approved by resolution u the
Commission Council, or its successor as
the governing body Of said municipality,
aIODlpu ny IL vote vi lN tlIII hS VI a.
the members Of said council or govern
ing body, shall have power and is mere
by authorized 10 issue Nine Million Dol
lars iS9,00D, 000) of bonds. to be styled
City OF New Orleans Serial Gold
Bonds" and to hear such rate Of inter-
est as the Board Of Liquidation. city
Debt, may fix from time to time as each
!nstallment of said bonds IS offered for
sale as hereinafter provided
Section 2. Three Million Dollars tS3,-
100000, 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-
sively to the following purposes and in
the following order:
(a) The payment of the outstanding
and unpaid School Teachers Salary
Bonds Oh the City of New Orleans, is
sued under Act No 2 of the General As
sembly Of the State of Louisiana sor
the year 1906, which bonds shall be
called for payment and paid as soon as
practicable;
{b) The payment Of the principal 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 NJ
exceeding Six Hundred and Fifty Thou
sand Dollars ($650,0OO); provided that
in the event that said indebtedness or
any part thereof shall have been PAID
by said BOARD out OF Its current reVe-
nues previous to the adoption of this
amendment the amount thus paid (not
to exceed s65O,O00, however,, shall be
paid over in cash to said Board 70 DC
used by it for school purposes, as pro.
vided by law;
(c) The payment Of the sum Of Five
Hundred Thousand Dollars $5G0,0oo)
with interest thereon, borrowed by tn,
City of New Orleans for storm emergen
cy purposes in the year 1915;
(d) The payment of the overdraft o
other Indebtedness due by the City 0
New Orleans, to its fiscal agents or othe
banks representing loans or advance
made by them to said city, other tha
those referred to in paragraph tc) o
this section, to an amount not exceed
ing In principal and interest the sur
of One Million Three Hundred and FIJI
ty Thousand Dollars (sl,35O,OoOl; and
(e) The balance Of said proceed
shall be used and employed by tn
Board of Liquidation, City Debt. for tn
payment Of Public Improvement Certlt
Gates of the City Of New Orleans, as Sc
forth in Section OF this amendment.
Section 3. The remainder Of Il
bonds authorized by Section ! of tn
amendment, or so much thereof as ma
be necessary, Shall be sold. from time
time, in such amounts as the Board
Liquidation, City Debt. may determi,l
and the proceeds of the sale there
shall be applied by said Board to Il
payment of Public Improvement Cert
Gates authorized by Act No. Sc of Il
General Assembly of the State OF Loui
lana for the year 1908. and acts amend
tory thereof. and presently outstandi,
or issued at any time in payment
any contract made before this amen
ment takes effect at their respectl
maturities or when said maturities C;
be anticipated upon terms satisfacto
to said Board,
Said Act No. Sc Of 1908 and ;
amendments thereof, as we'll as all sta
utes upon the same subject, and
much of Acts No. 1928 and No. 270
the General Assembly Of the State
Louisiana for the year 1910, and 9th
statutes on the same subject matter
may affect, apply or pertain to the Ct
OF New Orleans. be and the same q
hereby repealed; nevertheless Pub
Improvement Certificates may be issu
In the manner provided by said Act .
Sc of 1908, and amendments thereof,
payment Of any contract made beft
this amendment takes effect.
Section a. The City of New Orlea
may also issue and negotiate it's Dor
when authorized by vote of a major
in number and amount Of the proper
taxpayers, who shall have been assess
the last assessment made prior to
submission of the proposition to
said property taxpayers and who
otherwise qualified to vote under
Constitution and laws OF this Sta
voting at an election called by ordina,
adopted by a vote of wo-thirds of
the members of the Commission Co,
ell. or its successor as the govern
body Of said City of New Orleans. 6
which ordinance before any such ell
ton Is ordered shall be also adoptes
vote Of three-fourths of all the me
bers OF the Board of Liquidation c
Debt Due notice of said election 81
be published for thirty days in the {
cial journal of said city -four wee
insertions of said notice constitutin,
publication for thirty days, provi,
thirty days intervene between the d
OF the first insertion and the date
said elecuon).
No bonds shall be issued under I
section for any other purpose or
any greater amount than that stated
the submission Of the proposition
said taxpayers.
Section S. In case Of Are, food. r
thence. storm or other public caiam
the City Of New Orleans shall h
power. by a two-thirds vote of all
members of the Commission Council.
its successor as the governing body
said city. concurred in by a thr
fourths vote Of all the members of
Board Of Liquidation. City Hebt,
borrow money and issue and negoti
bonds in such sum. not exceeding +
Hundred Thousand Dollars (s50O,0
as shall be necessary in anv ono G.