Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1916-11-03
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


vtding for: The funding Of certail
debts OF the City of New Orleans an
Of the Board of Directors Of the Pub
Ito Schools. Parish of Orleans, re
cpsetively the issuance OF serial bond
By said city. the purpose for and tn
manner In which same may be issue
4nd the duties and functions Of tn
Board OF Liquidation, City Debt, wit
the City of New Orleans and tn
Board OF Schoo, Directors. Parish o
Orleans. respectively. of certain take
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 approva
or rejection.
Be II enacted by the General Assem-
bly, OF the State of Louisiana, two-thfrd
Of all the members elected to each hous,
eonourring. that subject to the ratifica
ton and approval of the electors OF
the State. the Constitution of the State
be amended by incorporating therein
the following provisions. to-wit:
Section l. The City OF New Orleans
by vote OF three-fourths of all the
members OF the Board of Liquidation
City Debt approved by resolution of the
Commission Council. or its successor as
the governing body of said municipality
adopted by vote OF two-thirds of ali
the members of said council or govern
ing body. shall have power and is here
oy authorized to issue Nine Million DOL
lars Hs.o00.000) of bonds. to be styled
CITY Of New Orleans Serial Gold
Bonds" and to bear such rate of inter-
est a. the Board OF Liquidation. City
Debt may fix from time to time as each
installment of said bonds is offered for
sale A. hereinafter provided.
Section .. Three Million Dollars (y3.-
ooe.o0ol. in par value. of the bonds au-
thortxsd by Section OF this amendment
shall forthwith be sold.
The proceeds OF said three million
dollars of bonds shall be applied exclu-
the following order:
(a) The payment OF the outstanding
ana unpaid School Teachers Salary
Bonds OF the City Of New Orleans" is
sued under Act No of the General As
NE year 1905. which bonds shall be
eelied for payment and paid AZ soon as
90 The payment of the principal OF
49, sSs ho "a 1,,.d indebtedness of the
nc SCHOOL, ei Parish OF of the Orleans r%S.
evidenced By note or notes out.
standing. at the time Of the adoption
Of this amendment to an amount nc
sScssG n 81. Hendr red and Fifty Thou.
N The event that said indebtedness or
any part thereof shall have been paid
~ said Board out of its current reve-
s1es previou. to the adoption OF this
10 exceed Se6O.000. however). shall be
paid over In cash to said Board TO De
used BY Il for school purposes. as pro-
(cl The payment of the sum Of Fiv.
Hundred Thousand Dollars (S60o. 0oo)
Win interest thereon. borrowed by the
City 81 New Orleans for storm emerGen-
- purposes In the year 1915:
etAsr indebtedness due by the City of
New Orleans to its fiscal agents or other
panns repLesentins loans or advances
made BY them to said city. other than
this section, to an amount not exceed
Ing In principal and interest the sum
Of One Million Three Hundred and Fir
~ thousand Dollars 0l.360.0oo); ana
tel The balance OF said proceeds
Board Of Liquidation. City Debt. for the
payment Of Public Improvement Certifi-
Gates OF the City OF New Orleans. as set
forth In Section Of this amendment.
Section ;. Inc remainder OF the
amendment, or so much thereof as NAV
be necessary, shall be sold. from time 70
time, In such amounts as the Board of
Ld9uidation. City Debt. may determine,
shall be applied by said Board to the
payment Of Public Improvement Certifi-
Gates authorized by Act No. Sc of the
General assembly OF the State OF LOUIS
lana Tor the year 1908. and acts amenda-
tory thereof. and presently outstanding
or issued at any time In payment OF
any contract made before this amend
msnt takes effect at their respective
matur1ties or when said maturities can
% anticipated upon terms satisfactory
Said Act No. Sc of 1908 and all
a s thereof. as well as all stat
much OF Acts No. 1928 and No. 30 oS
the General Assembly OF the State or
Louisiana for the year 1910. and other
statutes on the same subject matter. as
may AFFECT apply or pertain to the CITY
OF New Orleans be and the same are
hereby repealed: nevertheless Public
Improvement Certificates may be issued
~ the manner provided by said Act No
IS OF 1908. and amendments thereof. in
payment OF any contract made before
this amendment takes effect
Section I. The City OF New Orleans
when authorized by a vote OF. a majority
In number and amount OF the property
taxpayers. who shall have been assessed
Tor property In said city as shown by
the last assessment made prior to the |
submission OF the proposition to the
said property taxpayers and who are
otherwise qualified to vote under the
S Uonst,' u, ana laws OF this State.
ldcpted by vote OF two-thirds of ali |
The members OF the Commission Conn.
III. or Its successor as the governinr
IVY 0l .nIu Slty OF new Orleans. and |
which ordinance before any such elec
hon is ordered shall be also adopted bv |
! vote OF thrce-fourths OF all the m.rr.
,ers or the Board OF Liquidation. CITY
y n,, 1--we n9 , or said election shall
,ial journal OF said city (four weekly
Insertions OF said notice constituting
publication for thirty days. provided |
niry GAYS intervene between the date
" the hrst Insertion and the date of |
aid elecuon).
No bonds shall be issued under mi,
'ection for any other purpose or for
he submission OF the Proposition 70
aid taxpayers.
Section s. In case OF fire, rood p.,-
Hence: storm or other public calamity.
ne City or New Orleans shall have
'ower. by two-thirds vote of ALI me
MEMBERS OF the Commission Council. or
To successor as the governing BODY or
AID city. concurred I'm by a three
ourtns vote or All the members OF the
'oard OF Liquidation. City Debt. to
orrow money and issue and negotiate
onds In such sum. not exceeding Five
hundred Thousand Dollars (ss0o. OooC.
. shall be necessary in any one such
Section 8. For tn. purpose or r..
unding all or any part OF the bonded
ndebtsdness OF the City of New Orleans
xisting at the time of the adoption of
HE amendment; bonds may from time
ny or the Issues OF the bonds OF SAID |
ity outstanding at the time OF the adop-
on OF this amendment shall become
Rilaols according to their terms or tne
atutes under which they are respec-
!vely issued. or when the consent OF
the holders OF any such issue OF
onds can Be secured. the Board of Ii
uidatioA. City Debt. shall have tne
ght In IL discretion to call and nav
AZ one or more OF said issues of bonds.
a shall b authorised by resolution
aly adopted 20 Issue and nexotiaye |
se1s - provide the funds secessary
= that purpose: provided. hoWeyer
~ IN ~ event shall the par value OF |
y ooa1s - sold and nogotiated az.