St. Landry clarion. (Opelousas, La.) 1890-1921, 1916-10-21

DAN ELK o1SSLldA 0O SdLiS aAS
the treasury of said city at the time OF
making the contract or mourning the
debt or obligation and are specihcally
set aside and dedicated to said pnfp TSs
foregoing Limitation and restriction
shall not apply or be held to apply to
contracts Or obligation incurred with
respect to the furnishing to said city or
light. heat or power, water, telephone
service or garbage removal or destruc-
ton.
The said city may in any calendar
year in anticipation of the collection OF
the purposes for which such taxes are
levied, borrow such sums as shall not
be in excess Of the amount of It's un-
collected taxes of such year, and may
indebtedness therefor, and such sum-
notes or other evidences of indebted
ness shall be payable only out OF tne
taxes Of the calendar year In Whlcn saIa
loan or loans are first made. ana TOT
which indebtedness said revenues shall
be pledged, and sale Indebtedness shall
mot be payable out of n other fnnds
or moneys Whatsoever NO money snaiI
current municipal purposes, and In no
event shall any money be borrowed py
said city to make or to pay TOT Works
of public Improvement. Said city may
issue for street paving purposes certin-
Gates on its faith and credit pursuant 70
legislative authority, to an amount not
in excess of any special assessments
which have been or shall De maze toT
such purposes. Such paving certificates
hereafter issued shall be chargeable
primarily against the special assess
ments in respect OF which they are Is
sued, n ~secondarily against the reve-
from taxation for general municipal
purposes and from sources other tina
the taxes for the payment of the princi-
pal and interest of the bonds now out
Cfan1inO nr harnaffar tn he issued I'M
der this paving certificates only in the
event and to the extent that such
amendment, which revnues shall be ap-
piled in payment Of such special assess
ments shall be insufficient for such pay
ment, and reimbursement sha1 be made
to the general funds of the City of New
Orleans when the assessments are COZ
1ected to the extent of the amount that
the said general funds shall have con-
tributed to the payment aforesaid. SO
much of Act No. 20 of the General AS
sembly Of the State of Louisiana Tor the
year 1914 as may be inconsistent here
with is hereby repealed, and hereafter
no paving certificates shall be issued
upon the pledge of the reserve fund OF
the City of New Orleans. but such GER
~tiicates shall be secured as herein and
otherwise provided for by said act or
subsequent Legislative authority not m
conflict herewith; provided, however,
that paving certificates, for which the
faith and credit Of the City of New Or
leans shall be pledged. whether issued
under the aforesaid Act No. % Of 1914,
or under subsequent legislation, shall
not at any one time be outstanding In
an amount in excess of Five Million
Dollars (S5,0 600, 000) in face value.
Section Is. The total issue of
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
neither the bonds ISSUED for water.
sewerage n drainage purposes tname-
ly, the s12. o0o, 900 Public Improvement
bonds issued under said Act No. s of
1899 and the $8.000.000 New Pub
lie Improvement Bonds issued un-
der Act No. ~ of the General
Assembly of the State of Louisiana
for the year 1906. and acts
thereto, as well is such bonds, HEREBY
or hereafter authorized, into which the
aforesaid bonos or any par therof may
be ~refunded), nor the $2,00O.0e0 Public
Belt Railroad Bonds authorized by Act
No. 179 of the General Assembly of the
State of Louisiana for the year 1908.
nor any bonds hereafter authorized for
Public Belt Railroad purposes, nor any
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 certtfi-
Gates primarily c~hargeable against spe-
ciaf assessments for street paving, shall
be included in computing the indebted
ness of said City of New Orleans under
this limitation; n provided further,
that rye bonds may be Issued as
authorized in Section S Of this amena-
ment even though said Limitation shall
have been reached provided that the
Vim Million Dollars of bonds authorized
by Section i of this amendment shall
not be subject to the limitation herein
fixed at the time or times that same
shall be issued; but, with respect to
any other bonds hat may be issued
hereafter under this mendmen there
shall be included in the computation
said Nine Million Dollars of bonds, not
Withstandfng the fact that all OF said
Nine Million Dollars of bonds shall not
have been actually issued, and sucn
amount of emergency as a be
then outstanding.
Section Ia. The Board Of Liau1da-
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 by
this amendment are outstanding and I'M
paid; and all taxes which may be levied
for the payment of said bonds shall, day
by day as collected. be paid yer to said
Board, and shall by it be applied in pay
ment of the principal and interest OF
said bonds; n SAID board shall with
respect to all bonds authorized by this
amendment be entitled to exercise all
the rights n enforce the performance
OF all the obligations, the same as it is
authorized to do under laws existing at
IN AAiAS ~ SA4S NiAAo Il
ment with respect to any of the present
" outstanding bonds OF said City or
New Orleans. All funds, property and
things of value held by the Board of LIZ
quotation, City Debt. for bonded depl
purposes other tran 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 at
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 or
New Orleans then outstanding.
Section 10. For general municipal
purposes, exclusive of the support and
maintenance OF. the public Schools and
the payment of the bonded debt of the
City Of New Orleans, said city may in
each year levy upon all taxable property
within said city a tax not exceeding
six and one-half mills on the dollar of
the assessed valuation thereof; pro-
yided, however, that when the one per
10 of 1890 and the two mill water and
sewer tax authorized by said Act No. 6
Of 1899 shall both have ceased to be lev
led, and If thereafter the taxes levied by
year for bonded debt purposes be less
than ten mills, said city may in such
events levy for Its general purposes
such additional tax which, when added
to the tax OF six and one-half minis
hereby-authorized and the taxes levied
for the payment of the principal and
interest of its bonds Is they severally
mature, shall not exceed in the aggre-
gate sixteen and one-half mills.
Section 16. The reservation Of wen
ty per cent Of the revenues Of the City
Of New Orleans shall not hereafter be
made as directed by Section 40 Of the
Act No. 159 OF the General Assembly OF
the state Of Louisiana for the year
1912, except insofar as the fund so d.
rected to be reserved shall have been
appropriated or dedicated before this
amendment takes effect to the payment
Of any obligation OF the City Of New
Orleans. and said reserve fund Of each
wear. when released from the obligA-