St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1916-10-07
Rss IlI1l1anAAaRAkAW
PROPOSED j
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.
At NJ A
Act No. 4

OF the Board OF Directors or the PUB
spectively the issuance Of serial bonds
by said city, the purpose for and the
manner In which same may be issued
ana the duties and functions of the
i 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 submits
sion Of said amendment to the elec-
tors Of the State for their approval
or rejection.
Be It enacted by the Genera. Assem-
OF all the members elected to each house
concurring. 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 I. The City OF New Orleans.
BY Q vote Of three-fourths of all the
members Of the Board Of Liquidation
City Debt. approved by resolution Of the
the governing body Of said municipality.
adopted by4a vote Of two-thirds Of all
the members of said council or govern
81 aalehori.ed to issue Nine Million Dol
lars ($S.00G000) Of bonds. to be styled
.-Ctty Of New orleans Serial Gold
Bonds." and to bear such rate OF inter-
Debt may nx from time to time az each
lnstallment Of said bonds Is offered for
sale a. hereinafter provided.
Section ,. Three Million Dollars (Ss.-
egg. oool. In par value. Of the bonds au.
shall forthwith b sold. \
The proceeds Of said three million
dollars Of bonds shall b applied exclu-
eively 70 the following purposes and in
the following order:
-, e, Ths payment q The outstanding
Bonds or the City Of New Orleans" is
sued under Act No Of the General As
eembly Of the State Of Louisiana xor
called for payment ana paid as soon -
(b) The payment Of the principal OF
Board Pc SO Of I'D Diree,ors Of the Pub
standing at the time Of the adoption
OF this amendment to an amount MI
exceeding Six Hundred and Fifty Thou
ad shs sSss :ss sh
any part thereof shall have been paid
By said Board out OF its current reve-
nues. previou. to the adoption Of this
70 exceed Ssso.o0o.. however,. shall be
paid over In cash to said Board to %
n:sd by Il for school purposes. a. pro-
lel The payment Of the sum OF FIVE
Hundred Thousand Dollars (S500.ooo).
With interest thereon, boYroweA by the
City Of New Orleans forsetorm smergen-
tdS The payment n Of the Gov ovsrdr.ft or
ether Indebtedness due By the City Of
N.x orisanl to It. fiscal agents or other
those referred to In PARAGRAPH tc1 Of
this section, to IN amount not exceed
ms u principal and interest the sum
9Ss a0n bo.s: aaaas:s sca .pa
shsii =: osed ara employed BY the
1oerd Of LiqYidstion. CITY Debt: for the
Gates Of the City Of New Orleans. a5>set
forth IN Section Of thi: amendment.
Section ;. The remainder Of the |
emendment, or 90 much thereof 90 may
b necessary. shall be sold. from time 20 |
time. IN such amounts a. the Board Of |
Li9uidatioA City Debt. may determine,
shan be applied BY said Board to the |
payment OF Public Improvement Certih- |
Gates authorised BY Act No. Sc Of the |
lana FOR the year 1908. ana acts a amends
tofy thereof: ana presently outstanding |
Or issued at any time in payment Of |
any contract made before this amend
maturities or when said maturities can
= an: :nt'ei Rss upon terms
amendments thereof. 90 we'll a. iii stat.
otee upon the same subject. ana 90
much Of Act: No. l3s and No. 80 Of
the General Assembly Of the state Of
statutes on the same subject matter, 40
s New orle.ns; b ana the same ars
n9 mrrSy,. rspsat:d; ,nsvsrtheiess Public
e ehe manner provided by said Act No
% OF 1908. and amendments thereof, in
payment Or any contract made before
eection T. The City Of New Orleans
nay also issue and negotiate its bonds
yhen authorized BY vote Of . majority
sxpsysrs Who shall have b snn ps0esssS
the last assessment made prior to the
OF the proposition to the
otherwise auaiifed 70 vote under the
Constitution and laws OF this state
voting q an election called by ordinances
eSe 1922 = " vote Of two-thirds Of all
ell or ito successor % the governing
body Of said City Of New orleans. and
wnich ordnance before any such cleo
J vote Of three-fourths Of iii the mem
sere Of the Board Of Liquidation, CITY
Deol Due notice Of said election shall
= published for thirty days in the ON
eia1 journal Of said city (four weekly
Of said notice constituting !
publication for thirty days, provided
!hirsy days Intervene between the date
g ehe hrst insertion and the date Of
aid eloclon).
No bonds shall be issued under this
Dection for any other purpose or for
my greater amount than that stated IN
he submission OF the proposition to
section In case Of IRE, HOOD, pes
,lenee storm or other public calamity,
he City Of New Orleans shall have
|0wer by q two-thirds vote Of all the |
nsmbers Of the Commission Council, or
e successor 40 the governing body OF
aid city. concurred In by Q three J
Ioard Of Liquidation, City Debt to
orrow money and issue and negotiate
ondo In such sum. not exceeding Five
lundred Thousand Dollars $500. O00).
shall be necessary In any one such
msrgency.
Section 8. For the purpose OF re-
undins all or any part Of the bonded
ssns a. the TIM Time III H:w o
~. amendment bonds may from time
time 30 Issued and negotiated. When {
NJ or the issues Of the bonds OF said
~ outstanding At the time Of the adop-
lon OF this amendment shall become
allabls according to their terms or the
!atutse under which they are respec-
!vety issued. or when the consent Of | 1
the holders OF any such issue OF {
onds can Do secured. the Board OF LII ]
lght In its discretion to call and pay
NJ one or more Of said issues Of bonds, :
NJ shall b. authorized by resolution I
My adopted to iesus and negotiate !
ends 70 provide the FUNDS necessary !
~ n ~ HrS~e ::hsm ~ ~. .os. -