The Natchitoches enterprise., 1916-10-26
PROPOSED
AMENDMENTS
TO THE
CONSTITUTION OF LOUIS
lana
Adopted at the Session Of the
Legislature of 1916.
To BE Voted On at the Congress
si0nal Election.
Act No. 4


House Bill No. g. BY Mr.. Byrns
a JOINT RESOLUTION.
Proposing an amendment to the Consti
tuition of the State of Louisiana pro
ytding for: The funding of certain
debts of the City of New Orleans anc
OF the Board OF Directors Of the Pub
lie Schools. Parish OF Orleans, re-
spectively the issuance OF serial bonds
oy SAL city. the purpose for and tbs
manner in which same may be ISSUED
and the duties and functions of the
Board Of Liquidation. City Debt with
reference thereto. and the levying BY
the City Of New Orleans and the
Board of School Directors, Parish oi
Orleans. respectively, Of certain taxes
for general municipal and school pur-
poses; and providing for the submis-
sion OF said amendment TO the cleo
tors Of the State for their approval
or rejection.
Be IL enacted by the General Assem-
bly, OF the State Of Louisiana. two-thirds
Of all the members elected t. each house
concurring. that subject to tle ratifics.
tfon and approval Of the electors OF
the State the Constitution Of the State
be amended by Incorporating therein
the following pr0visionh. tD-wit.
Section /. The City Of New Orleans.
by a vote or khree-fourths n all the
members Of the Board OF liquidation
City Debt. approved ~ resolution OF the
Commission Council os tts successor as
The goysrning body Of snid mnnleipality,
the members of said counesi or govern
ing body. shall have power eud is here
by authorized 70 issue Nine Million Dol
City q &.@ S.S q Orleans. SSnS ss e Si 'lis s
Bonds" and to bear such rate of inter
est an the Board OF Liquidation City
\ Debt. may TX from time 70 time AZ each
instaliment Of said bonds IL offered for
sale az hereinafter provided
Section 2. Three Million Dcliars (ss.-
000.0O0), 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-
eively 70 the following purposes and In
the following order:
tal The payment q ths outstanding
susa aaps usasT q "a Het " e = sS ne asa ass1si AZ
MamhiQ nf tha &tRkA &C KAnaafsRamM &aF
81 Se RE Ths payment Of the prsacipas 81
the floating indebtedness of the
Board Of Directors Of the Pub
ilc Schools. Parish Of Orleans.
standing at the time of the adoption
of this amendment to an amount NJ
exceeding Six Hundred and Fifty Thou
sand Dollars l3sko.ooo); provided that
any part thereof shall have been paid
by said Board out of Its current reve-
nuss previous TO the adoption Of this
amendment: the amount thus PAID tnot
paid over In cash to said Board 60 De
uss1 By = for school purposes. an pro-
vided by law;
Hundred Thousand Dollars (350O.0oO1.
with interest thereon, borrowed by the
City Of New Orleans for storm smergen-
ey purposes IN the year s ,,n rslS; n,.v,r.., :,
other indebtedness due BY the City Of
New Orleans to it's fiscal agents or other
banln representing loans or advances
made by them to said city. other than
those referred to in paragraph (c) OF
this section. 70 an amount not exceed
ing In principal and interest the sum
IRe Sousans ,laon noIars tsISsc Soe5 n ana
kel THE balance Of said proceeds
shall be used and employed By the
Board ~ LIQUIDATION. City Debt, for the
Gates OF the City OF New Orleans, as set
forth In Section Of this amendment
Section .. The remainder OF tho
nnendrent, or 90 much thereof as may
be neccrsAry. skaAl be sold. from time 70
time, ir zach amounts as the Board Of
Liquidation, City Debt. may Determine.
Rhail be applied by said Hoard 70 ths
payment ~ Public Improvement Certif-
Gates authorized by Act No. So ~ the
General ,ssembiy. Of the State OF Lotss-
lana for sse year 1908. and acts atneada-
tory thereof. and presently outstanding
or Issue at any time IN payment Of
any contract made before this amend
lnent trkes effect at their reEpectsve
be antiri-ated upon terms satisfactory
said tet No. So Of 1908 and all
amendments thereof. M well aa ell stat
utes upar the same subject. ana 30
much CO Acts No. 12s and No. Sfo Of
THE ser@al Assembly of the State OF
gtstutea m the sarne subject matter. as
may anets. apply or Dertain 70 the City
of New 0rlears be and the same are
hereby repealed; nevertheless Pablic
lE ire manner provi7el By said Act No
IS 81 1898, and amendments thereof. In
fzyment OF any contract mada before
this a1anndment takes effect.
Section = The City OF New Orleans
may also Issue and negotiate it's bonia
when authorized By q vcte OF q majority
n nnrnher ard amount OF the property
tR x-aSess who Shall have been assessed
so- pToperty IN sad city a. shcwn ~
= s-sat assessment male prior to the
issinn of the proposition to the
prShertr taxpayers and who are
.sysrs qualified 20 vote under the
st'thitnn Rud laws OF this State.
si ar election called by ordnance
sv ~ote or two-thirdk OF all
tfs@FN OF AiN FI1ul&StHn AD4n~
Hs successor as the governing
setA City of New Orleans and
rnfre before any @uri elsUs
are1 RhaN be also adopted BY
tA.ee-fourths OF all the mem
- floara Of Liquidat}on, city
nnfice OF sa5d election shall
~ fer thirty days N the 0fi-
81 - kafd city flour Eeek9y
r. sail notice constituting q
fr thirty saye provts.et
fttsrvene bet ween the late
rst Insertion and the date Of
sffr sssfG T.
dr shalt be iasued under thtg
y fns any other purpose or for
eztes amount than tnat sfsted IN
~ 7tskrion OF tha proposition -
~ ArAEefa.
n 4. IN eaHn or nrN, food. pes.
kfnrM or other public calamity,
~ ;fR az New QrieaaB shall hare
80 hF 4 tW0-tnifde v1ke ~ oil the
spe NJ tie C8YnEsssicn C0HncI1 or
n asanAHeef - the guvsFHinv BODY ~
aity, cnncaFred 81 by q threa-
vets ce all the members pf The
~ Liquidation. City Debt. TO-
y tey nnd issue and negctia1e
= such oilFa, nnt e7eeeAlAA Ftse
a TAAuaAnn sotlara aeAe fsel.
" ~ uerensaFy ~ any uEa6 sRaA
t,fS