St. Landry clarion. (Opelousas, La.) 1890-1921, 1916-09-02

or incur any debt or obligation for any
purpose whatsoevsr unless SUFFICIENT
runds not otherwise appropriated; TO
the treasury of said city at the time of
making tho contract or mourning the
deot or obligation a are specifically
unless herein Otherwise provided. The
limitation and restriction
not apply or be held to apply to
contracts Or obligation incurred with
respect to the furnishing to said city OF
light, heat or power. water. telephone
service or garbage removal or destrWe-
The said city may in any calendar
year In anticipation OF the collection OF
the taxes OF such calendar year, and for
the purposes for which such taxes are
levied. borrow such sums MS h not
pe In excess OF the amount of its I'M
collected taxes Of such year, and may
issue tts notes Of other evidences OF
ind sbtedness therefor, n such suns,
notes or other evidences OF indebted
ness shall be payable only out OF the
taxes OF the calendar year In which said
loan or loans are first made. and for
which indebtedness said revenues shall
be pledged, and said indebtedness shall
not be payable out of any other funds
or moneys whatsoever No money shall
DO borrowed by the said oity except roS
current municipal urposss and in no
event shall n money be borrowed by
said city to make or to pay for works
i Hr pap Pic Improvement wen said city may
Gates on it's faith and credit pursuant to
legislative authority, to an amount not
In excess Of any special assessments
which have been or shall be made for
such purposes. Such paving certificates
hereafter issued shall be chargeable
primarily against the special assess
meats in respect OF which they are Is
nues OF the City Of New Orleans derived
from taxation for general municipal
purposes and from sources other than
the x for the payment of the princi-
pal and interest of the bonds now out
standing or hereafter to be issued I'M
der this paving certificates only in the
event and to the extent that such
amendment. which shall be p
piled in payment of such special assess
ments shall be insufficient for such pay
ment, and reimbursement shall be mad
to the general funds Of the City OF New
Orleans when h assessments are col
Looted to the extent of the amount that
the said general funds shall have con-
tributed to the payment aforesaid. So
much of Act No. 23 of the General As
senbly Of the State of Louisiana for the
year 1914 as may be inconsistent here
with is hereby repealed, and hereafter
no paving certificates shall be issued
upon the pledge Of the reserve fund OF
the City OF New Orleans, but such Ger
otherwise provided for by said act or
subsequent legislative authority NOT IN
conflict herewith: provided, however.
tha paving esrtiicates, for which the
leans shall be pledged, whether issued
under the aforesaid Act No. 23 of 1914,
or under subsequent legislation. shall
not at n n time be outstanding in
Dollars ts5.ooo. ooo) In fac value.
Section IS. The total issue Of bonds
by the City of New Orleans for all pur-
poses shall never exceed ten per centum
ty in said city provided. however. that
neither the bonds ISSUED for water.
sewerage and drainage purposes tname-
ly, the s12. 900. 900 Public Improvement
and the 10000 o New Pub
lie Improvement Bonds issued un-
der Act No. 10 Of the General
Assembly Of the State of Louisiana
for { d .d the ysa a 1 ssOOss. . and act;
thereto, as well az such bonds, herepy
or hereafter authorized, into which the
aforesaid bonds or any par Thereof may
be ~refunded). nor the s2,o00,oo0 Public
Belt Railroad Bonds authorised by Act
No. 179 OF the General Assembly of the
State Of Louisiana for the year 1908,
nor any bonds hereafter authorized for
Public Belt Railroad purposes, nor any
bonds which may hereafter be issued
for water supply or for the acquisition
or construction OF any revenue produc-
ing public utility, nor n paving certifi-
Gates primarily chargeable against spe-
cial assessments for street paving, shall
be Included in computing the indebted
ness of said City of New Orleans under
this limitation; and provided further,
t o emerge IN sa Dohds may y De Pc, ISSUED a.
ment even though said Limitation shall
have been reached provided that the
Nine Million Dollars of bonds authorised
by Section ! of this amendment shall
he a4shfact IN the limitation harpEn
fixed at the time or times that same
shall be issued; but, with respect to
any other bonds that may be issued
be included in the computation
said Nine Million Dollars Of bonds. not
the fact that all Of said
Nine Million Dollars of bonds shall not
have been actually issued. and suca
amount OF emergency bonds as may be
then outstanding.
Section IA. The Board of Liquida-
ton. City Debt. as now organized and
created with the powers duties and
and by this amendment. shall be con-
tinued While any bonds authorized by
this amendment are outstanding and I'M
paid; and all taxes which may be levied
the payment of said bonds shall, day
by day as collected, be paid over to said
and shall by 1t be applied In pay
mont Of the principal and interest Of
bonds; and said board shall with
0SQCSt ~ GA "a ~ LAh0
be entitled to exercise all
the rights and enforce the performance
Ut all the obligations. the same as 1t is
authorized to DO under laws existing at
with respect to any of the present
" outstanding bonds Of said City OF
New Orleans. All funds, property and
of value hold by the Board of LII
purposes other than taxes now or here
after levied. and particularly all funds,
and things Of value now or
hereafter held by said Board under Act
1873 Of the General ssembly of the
State Of Louisiana for the year 1880
all amendments thereto. shall when
released from contract obligations or
imposed by laws existing II
nent be used and employed in the dis
OF said Board in payment n
of any bonds of the City OF
New Orleans then outstanding.
Section Is. For general municipal
purposes, exclusive of the support and
maintenance of the public schools ana
he payment of the bonded debt Of the
City of New Orleans, said city may in
Zach year levy upon all taxable property
liz and one-half mills on the dollar Of
he assessed valuation thereof; pro-
,ided, however, that when the one per
,ent debt tax authorized by said Act No.
10 Of 1890 and the two mill water and
tax authorized by said Act No. 6
Z 1899 shall both nave ceased to be lev
Ell. and IL thereafter the taxes levied by
he City of New Orleans in any n
ear for bonded debt purposes be less
han ten mills, said city may In such
vents levy for Its general purposes
Iuch additional tax which. when added
o the tax of six and one-half mills
Hereby authorized and the taxes levied
or the payment OF the principal and
of Its bonds as they several1y
nature, shall not exceed in the aggre-
ate sixteen and ~one-half mills.
Section Is. The reservation of TWEEN
v per cent Of the of the City
New Orleans shall not hereafter be
made as directed by Section 40 Of the
let No. 159 of the General Assembly of