St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1916-09-30
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. 4. BY MI. byTue
Proposing an amendment to the Consti-
tuition Of the State Of Louisiana pro-
viding for: The funding OF certain
debts Of the City Of New Orleans and
lie Schools. Parish Of Orleans. re-
opectively the issuance Of serial bonds
by said city. the purpose for and the
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 OF
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.
bly, Of the State Of Louisiana. two-thirds
Of all the members elected to each house
concurring. that subject to the ratlnca-
ton and approval OF the electors esaa So. o.
30 amended by Incorporating therein
tho following provisions, to-wit:
Section l. The City OF New Orleans.
BY o vote Of three-fourths OF all the
members Of the Board of Liquidation
Commission Council. or Its successor an
the governing body Of said municipality.
adopted by . vote Of two-thirds OF ali
the members OF said council or govern
BY authorized to issue Nine Million Dol
lars 100000 OF bonds. to be styled
city Of New Orleans Serial Gold
Bonds" and to bear such rate OF inter
Debt, may nix from time to time AZ each
'lnstallment of said bonds 10 offered for
sale ~ hereinafter provided
Section ;. Three Million Dollars (Ss.-
eoo.ooo!. in par value. Of the bonds au.
thorized by Section OF this amendment
ohall forthwith bo sold
The proceeds Of said three million
dollars OF bonds shall be applied exclu-
sively to the following purposes spd In
the following order:
"a The payment Of the outstanding
Bonds o. the City Of New Orleans" IT,
oemhly Of the State Of LOUISIANA 1or
the year 1906. which bonds shall be
called Sstic sG5 payment ana PAID a. soon %
o. The payment Of the principal Of
the floating indebtedness Of the
Board OF Directors Of the Pub
lie Schools; Parish a,a ~ OF ,ote orle ans
standing at the time Of the adoption
Of this amendment to m amount no
exceeding Six hundred and Fifty Thou
sand Dollars I$65o.ooo): provided that
any part thereof shall have been paid
BY said Board out Of its current reve-
nues previous to the adoption Of this
to exceed $3.50. 900. however). shall be
paid over In cash to said Board to DO
used BY It for school purposss. ~ pro-
vided by law;
Hundred Thousand Dollars (S5oo.ooo).
with interest thereon. borrowed by the
City Of New Orleans for storm emersen-
y purposes in the year 1915;
~ SrA,, AsaA 49, AA A0Av Az
othsr Indebtedness due BY the City. Of
New Orleans to it's fiscal agents or other
banks representing loans or advances
made by them to said city. other than
this section. to an amount not exceed
Of One Million Three Hundred and F1r-
IL. essnes q ssG ssa
ehali be used and employed BY the
Board Of LIQUIDATION. city Debt. for the
payment Of Public Improvement Certifi-
forth in Section ; Of this amendment
Section :. The remainder Of tho
bonds authorized by Section ! OF this
time, In such amounts ~ the Board OF
Liquidation. City Debt. may determine.
and the proceeds Of the sale thereof
payment Of Public improvement certif-
Gates authorized by Act No. Sc Of the
General Assembly OF the State of Louis
= lana for the year 1908. and acts amenda-
81 issued al any tine in payment Of
any contract made before this amend
mont takes effect at their respective
1naturities or when said maturities can
said ACT No. So Of 1908 ana all
amendments thereof. ~ we'll ~ all stat
much Of Acts No 1.s and No. 80 Of
the General Assembly Of the state Of
Louisiana for the year 1910. and other
statutes on the same subject matter. a.
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
So Of 1908. and amendments thereof. in
payment Of any contract made before
this amendment takes effect.
Section l. The City Of New Orleans
when authorized by q vote Of q majority
IN number and amount OF the property
taxpayers. who shall have been assessed
fSs property in SAD c,s{ a. ., shown py
submission Of the proposition to the
said property taxpayers and who are
otherwise qualified to vote under the
constitut'on and laws Of this State.
adopted BY Q vote Of two-thirds Of all
the members Of the Commission Coun-
gil. Or ito successor - the governing
which ordinance before any such cleo
ton 10 ordered shall be also adopted By
. vote Of three-fourths Of all the menu
0ers Of the Board Of Liquidation. City
Debt Due notice Of said election SHAH
b. published for thirty days In the on
eial journal OF said city (four weekly
insertions OF said notice constituting q
publication for thirty days. provided
81 The hrst insertion and the date OF
aid elecuon).
No bonds shall bs issued under this
section for any other purpose or for
tHs submission Of the proposition to
Section ! Ia case Of nrs. nood. pes
s,is"es ss or Or Other n, public calamity.
p es - ss" vote "a al, na tn:
msmbsrs Of the Commission Council. or
IL successor 40 the governing body OF
said city. concurred In by Q three
fourths vote Of all the members Of the
borrow money and issue and negotiate
bonds In such sum, not exceeding Five
Hundred Thousand Dollars ($500. OO0),
- shall BE- necessary In any one such
Ssesioa !. For III. purpo.. or re-
al Or any part e u: BONDED
sxisting at the time Of the adoption OF
sh1o amendment. bonds may from time
. time be Issued and negotiated. When
city outstanding at the time Of the adop-
zion Of this amendment shall become
eallable according to their terms or the
statutes under which they are respec.
0vely issued. or when the consent OF
bonds can be secured. the Board of Lii
Quldstion. City Debt shall nave the
right In its discretion to call and pay