Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1916-10-13

ments shall be insufficient for such pay
ment. and reimbursement shall De meoe
to the general funds Of the City OF New
Orleans when the assessments are col,
lectsd to the extent OF the amount that
the said general funds shall have con
tributed to the payment Aforesaid 80
much Of Act No. 70 OF the General, As
sembly Of the State of Louisiana Tor the
with is hereby repealed, and hereafter
no paving certificates shall be issued
upon the pledge of the reserve funo OF
the City Of New Orleans. but sucn Ger,
otherwise provided for by said act or
subsequent legislative authority not IN
CONNECT herewith. provided. however.
that paving certificates. Tor which the the
leans shall be pledged. whether issued
under the aforesaid Act No. 20 OF 1914,
or under subsequent legislation. snaII
not at any one time be outstanding IN
Dollars (S5. 600. OOo) in face value.
Section Is. The total issue Of bonds
by the City Of New Orleans for all pur-
poses shall never exceed ten per centum
of the assessed valuation OF the proper.
ty in said city, provided. however, that
ne,sesu s drainage purposes tnams:
ly. the S12.00o.000 Public Improvement
Bonds issued under said Act No. OF
1899 and the $S,00o.o0o New Pub
lie improvement Bonds issued UNI
Assembly Of the state Of Louisiana
amendstory thereof and supplemental
thereto, as well az such bonds, hereby
or hereafter authorized. into which the
be refunded). nor the $2.00o:00o PUBIC
Belt Railroad Bonds authorised py ACT
No. 179 Of the General Assembly OF the
State Of Louisiana for the year 1913.
nor any bonds hereafter authorized for
Public Belt Railroad purposes, nor any
bonds which may hereafter De Issued
for water supply or for the acquisition
or construction Of any revenue produc-
ing public utility, nor any paving certifi-
Gates primarily chargeable against spe.
cial assessments for street paving, snaii
be included in computing the indeoted-
ness of said City of New Orleans under
this Limitation; and provided further.
that emergency bonds may be issued as
authorized in Section of this amend
ment even though said Limitation shall
Nine Million Dollars of bonds authorized
by Section / Of this amendment shall
not be subject to the limitation herein
fixed at the time 10, or t with r rsse a to
any other bonds that may be issued
hereafter under this amendment there
shall be included in the computation
withstanding the fact that all Of said
Nine Million Dollars of bonds shall not
have been actually issued. and sucn
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 ana
functions prescribed by existing laws
and by this amendment, shall be con-
tinued while any bonds authorized py
this amendment are outstanding and un-
paid; and all taxes which may be levied
for the payment of said bonds shall. day
by day as collected. be paid over to said
Board. and shall by 1t be applied IN pay
ment Of the principal and interest OF
said bonds; and SAID board shall with
respect to all bonds authorized by this
amendment be entitled to exercise ali
the rights and enforce the performance
of all the obligations the same as it is
authorized to do under laws existing at
the time Of the adoption OF this amend
ment with respect to any OF the present.
ly outstanding bonds of said City OF
New Orleans. All funds. property and
things of value held by the Board of LII
quidation. City Debt. for bonded DEBT
purposes other than taxes now or here
after levied. and particularly all funds.
property and things of value now or
hereafter held by said Board under Act
No 1873 OF the General ssembly OF the
State of Louisiana for the year 1880
and all amendments thereto shall when
released from contract obligations or
dedications imposed by laws existing al
the time of the adoption of this amend
ment be used and employed in the dis.
| creation OF said Board in payment and
retirement 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 and
| City of New orleans. said city may in
| each year levy upon all taxable property
| within said city tax not exceeding
six and one-half mills on the dollar OF
yided, however. that when the one pei
| cent debt tax authorized by said Act No
| 10 Of 1890 and the two mill water and
| sewer tax authorized by said Act No.
| led, and If thereafter the taxes levied by
| the City of New Orleans in any one
| year for bonded debt purposes be lesi
than ten mills. said city may in such
such additional tax which. when added
| to the tax of six and one-half miIis
| hereby authorized and the taxes levied
for the payment Of the principal and
| mature shall not exceed in the aggre
/ gate sixteen and one-half mills.
| Section Is. The reservation OF TWEEN
| ty per cent of the revenues OF the CitJ
| OF New Orleans shall not hereafter bt
| made as directed by Section 40 of thu
Act No 159 Of the General Assembly Of
| the State of Louisiana for the yea
1912. except insofar a. the the FUND hn1 30 al
| appropriated or dedicated before thi'
| amendment takes effect to the paymen
| Of any obligation or the City of New
year. when released from the obiiga
lions charged against II by law and be
| cause Of contracts. existing at the tim
| of the adoption of this amendment
shall be used for general municipal pur
Section IT. For the support. mainte
nance. construction and repair OF tn
public Schools in the City Of New Or
public Schools. Parish Of Orleans. or IL
legal successor, shall levy annual,
such tax, not exceeding three and one
half mills. a. said Board shall deem
BY said Board to the Commission Coun
ell or other future governing body o
the City OF New Orleans. which shall
cause the tax to be entered upon tn
against ali taxable property in sal
| city as assessed and valued for cit
taxation purposes; and said tax shall b
collected by said city and paid over :
Schools. Parish Of Orleans. day by da
as collected.
Said tax shall be in lieu Of all taxes
appropriations and funds now authorl7
uted by the City of New Orleans 70
| public school purposes. either by sal
Act No. 10 of 1890 or other provision
of the Constitution Of this state. A
constitutional provisions to the cor
trary, as well as Act No. 262 OF tn
General Assembly of the State Of Louis
lana for the year 1914. ratified as a
amendment to the Constitution of tn,
State, are hereby abrogated and repea
ed; and the City of New Orleans sha
have no power or authority to use q
| employ any Of its taxes or funds fc
the establishment support or maint'
nance of the public schools. directly {
, indirectly, except as herein authorized
provided. however, that the City of Ne
Orleans shall administer, use and en-
ploy all the funds. property or thin1
, | of value now or hereafter held by
, under any special legacy. bequest or d.
, | nation made or to be made directly
| II for school purposes. and shall carr
, | out and execute the conditions of a