St. Landry clarion. (Opelousas, La.) 1890-1921, 1916-11-04

funds. mot otherwise Appropriated; 70
pAy &ad discharge same are aceually n
ths treasury Of laid city 1T the time OF
asbs O. s oS,.s ssasass and q are s%pesinca1iS
set aside and dedicated to said rpo
unless hereiR ofhsrwise provided. The
foregoing limitation and festrictlon
e ean,l eas s = ssef nr Fl hsl tno to s9pi with n
respect to the furnishing to said city OK
light, heat or power, water, telsphon
or garbage removal or destrac-
year in anticipation Of the collection OF
the taxes Of such calendar year, and Tor
the purposes for which such taxes are
borrow such sums ms shan NOT
be in excess Of the amount or It's un-
collected taxes Of such year, and may
issue its notes or other evidences OF
indebtedness therefor. and such SUM
notes or other evidences OF indebted
taxes Of the calendar year in which said
or loans are first made. and Tor
tn~dsbtedness said revenues shan
be pledged, and said indebtedness snail
not BE- payanls out OF any ether f Gh.I
Be borrowed by the said city except ror
current municipal purposes, and In ne
event shall any money be borrowed oy
e ssid ps Six f ao1s 9 to R esId f city ~a may
issue for street paving purposes certin-
Gates on it's taiIn and credit pursuant to
legislative authoraty. % an amount NOT
y, MA; sase ave % b ssn OF sDs sssll b sss mads for
such purposes. Such paving certificates
hereafter issued shall be charSoaDIe
primarily against the special assess
sued. M sseondariiy against the
nuSs OF the City OF New Orleans derived
from taxation for general municipal
purposes and from sources other h
AAA ~ hA &AA n
pal and interest Of the bonds now out
standing or hereafter to be issued un-
der this paving certificates only In the
event and to the extent that such
piled In payment Of such special assess
ments shall be insufficient for such pay
ment, and reimbursement shall be made
to the general funds of the City OF New
to the extent of the amount that
the said general funds shall have con-
tributed to the payment aforesaid. Q
Of Act No. 20 of the General As
Of the State Of Louisiana for the
year 1914 as may be inconsistent here
with Is hereby repealed, and hereafter
nc paving certificates shall be issued
the pledge of the reserve fund OF
.tificates shall be secured as herein and
provided for by said act or
subsequent legislative authority not IN
herewith; provided, however,
paving Ce~TIulC6LeS, LOT WHICH lA6
faith n credit Of the City Of New Or
leans shall be pledged, whether issued
under the aforesaid Act No. % Of 1914,
or undo subsequent legislation, shall
not at any one time be outstanding In
an amount In excess OF Five Million
$4,000. o00) 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
the bonds ISSUED for water.
and drainage purposes naKne
ly, the s12. oo0. 900 Public Improvement
issued under said Act Nc. s OF
lic Improvement Bonds issued un-
der Act No. - Of the General
Assembly Of the State OF Louisiana
for he year 1905. and aets
thereof n supplemental
or hereafter authorized, into which the
aforesaid bonos or any par Thereof may
be ~refundsd), nor h $2,000.000 Public
Belt Railroad Bonds authorised by. Act
No. 17s of the General Assembly of the
State Of Louisiana for the year 1908.
nor any bonds hereafter authorized for
Public Belt Railroad purposes, nor n
bonds which may hereafter be issued
for water supply or for the acquisition
or construction of any revenue produc-
ing public utility, nor any paving certifi-
Gates primarily c~hargeab1e against spe-
cial assessments for street paving, shall
be included in computing the indebted
ness Of said City of New Orleans under
Limitations; and provided further.
that emergency bonds may be s as
in Section 5 of this amend
ment even though said limitation shall
nave been reached provided that the
Nine Million Dollars of bonds authorized
by Section ] Of this amendment shall
not be subject to the limitation herein
liked at the time or times tina same
be issued; but, with respect to
any other bonds that may be issued
under this amendment there
shall be included in the computation
Nine Million Dollars of bonds, not
the fact that all Of said
Nine Million Dollars Of bonds shall not
lave been actually issued, n gucn
amount of emergency bonds as may be
then outstanding.
ton, City Debt, as now organized and
with the powers, duties and
prescribed by existing laws
by this amendment, shall be con-
tinued while n bonds authorized by
this amendment are outstanding and un-
paid; and all taxes which may be levied
the payment of a bonds shall, day
by day as collected, be paid over to said
Board. and shall by it 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 ana ENFORCE Lne performance
OF all the obligations, the same as 1t is
authorized to do under laws existing at
the time of the adoption of this amend
ment with respect to any of the present
" o~utstanding bends OF said City OF
things of value held by the Board of LII
quotation, City Debt. for bonded depr
purposes other than taxes Q or here
after levied, and particularly all funds,
property and things of value now or
hereafter held by said Board under Act
No. 1913 Of The General ssembly Of the
State of Louisiana for the year 1880
and all amendments thereto, h when
released from contract obligations or
dedications imposed by avs existing AT
the time OF the adoption Of this amend
ment be used and employed in the dis
retirement of any bonds of the City or
New Orleans then outstanding.
Section Is. For general municipal
exclusive of the support and
maintenance Of the public schools ana
the payment Of the bonded deb of the
City OF New Orleans, said city may in
each year levy pom all taxable property
within aid city a tax not exceeding
and one-half mills on the dollar of
the assessed valuation thereof; pro-
vided, however, that when the one per
cent debt tax authorized by said Act No.
40 OF 1890 and the two mill water anu
sewer tax authorized by sale Act No. 6
Of 1899 shall both have ceased to be lev
led, and II JnGrea1ter the taxes IeVleQ Dy
the City OF New Orleans in any one
year for bonded debt purposes be less
than ten mills, said city may in such
events levy for its general pos
such additional tax which, when added
to the tax OF six and one-half Minis
hereby authorized and the taxes Iev1ed
for the payment of the principal and
of it's bonds as they s~everally
shall not exceed in the aggre-
gate sixteen and one-half mills.
Section I6. The reservation of TWEEN
ty per cent of the revenues of the City
OF New Orleans shall not hereafter be
made as directed by Section 40 of the
No. 159 of the General Assembly of
State of Louisiana for the year
1912, except insofar as the fund so d.
rected to be reserved shall have been
or dedicated before this
amendment takes effect to the payment
nn 4inr- nr- fha Hi+rI AIA-