The Caldwell watchman. (Columbia, La.) 1885-1946, 1916-09-29

runding all or any part OF the honded
Indebtedness Of the City Of New Orleans
. existing at the time Of the adoption u
TINS amendment, BONDS may from t1lI'o
TO time be issued aud negotiated. w AeIt
any OF the issues Of the BONDS OF SAL
! city outstanding 4 the time OF l"r a"ot-
ton OF this amendment shall become
! callab!e according TO their terms or the
statutes under which they are reSpecss
/ tiyalv issued or when the consent u
. all the holders Of any such ISSUE Ok
! bonds can be secured, the Board OF IL
Quidation, CITY Debt. shall nave WI.
/ right In its discretion to call ana Fay
any one or more Of said issues or h"AdS'
and shah be authorized by Tesoi!,l" n
duly adopted to issue ana nesotia'e
bonds TO provide the funds necessary
for that purpose; provided. however
that In no event shall the par NaIte o.
the bonds so sold and negotiated eN-
coed the par value Of the bonded IN
dehtednreS thereby to he refunded
Section :. The full faith and credit
Of the city Of New Orleans are p'elst"
for the payment of the princlra! an" IN
tereSt of all bonds issued under tHIs
amendment ,,,u
The principal and interest of all bonds
authorized by and to be lssdcd uuItt
this Amendment shall be paid primarily
out Of - that "ne-half OF me Su, plus
of the one per cent debt tax which here
tafora tac ls.,, dadi,atei for the sup
port ana Ua~tenance or the p"hI'c
s,'.1,G r'y Ar, No rI0 Of the cen
"roi Isr.,,,l,,,, nf rba STATE Of Louisiana
,t ~ ~ ,'..' 1.Sn and Subsequently,
49,, Wv ,or, o. ,aa CoTe+i+r+i0r of this
sIafp mi ~. sftpr january I. I44N.
tT2t rCrtfOn Of tnr one per cent drDt
tax, Authorized and levied under Act No.
10 aforesaid. aud the two-mlI tag an.
of the General Assembly Of the state
Of Louisiana for the year 1899 when
shall have heen released and freed from
dedication either by the calling ana re-
fuu1Iu,r or the pavmcnt In due course
Of al, or any part Of the bonds existing
at the time Of the adoption Of this
alrerd,nrnt. provided that II TIE tuN;S
derived from the sources aforesaid Shall
be insufficient in any ono year t. pay
the principal and interest OF the bones
Issued under this amendment ana then
outstanding ana unpaid, or If for any
cause there Shall not be funds aDpro-
priated to or available for such pnIroSc'
the City Of New Orleans shall levy
tax upon all taxable property in SAID
city sufficient to provide for any such
deficiency; and provided further tnat.
when the aforesaid one per cent dent
tax and two mill Water ana sewer tax
snail cease 10 ne !eN'cN, lN' lily ~
New orleans shali levy d TAX UtnH All
taxable property III Sa'I cry Sui"tIeh.
10 pay ihe pLihcIpa1 ana !nteItSl uI
SAID DohdS as they respectively uecohie
que
Secuoh = IL is hereby ln'ehNeu tna'
all eHlstnE oedlceu"h ana appFopF1a-
TONS or Sald one per cent ueNt TAX au-
thorlZeu ny Said ACT 40 II" OF 1917 EEK
cept with respect 10 the sad one-hali
or the surplus or the one per cenr deDt
lax there!n cedicate1 10 puni'c schooIs1.
toV out I',,r hit soit At To of
600 ebon he ros1octoI owl rarfor,oat
1on"r5Io - to 'i ~, eoiI
~ tbe fnr35s roeuI+irg fror, tho in,,,t Of
30 "a $3.50 n,hiob cLniI ~ ra,na,oI1 frop,
sat9 taAeS Mi.l.H aldIl nc LGieaSe" t'olll
i" 100 81 "cS., q .t s,,s
It7 p"S ,ni9it l"C''9l u tT,u,.Gins
~ any % ~, ne ool'ueU nfot Oh 'Suo!pns
.t, c!a. So .neiGoi d!H t'sa . II! ~
lmari' s'st'n t WIZ me ome,!iatL % ,ne
~. p.ut' % S'1E ui9 to' sotI "opl t"H
,vi 1a"iu,e ,leuIc"t u ~ r uIiaL oci'ool
~ ,.p,t ail.o arR J ~ 'ot
"a y, lne - pa' 4l'H Ili'et oSt ~
~ ~ oonus IsSteu unurf I,lIs amendment,
ma INA anS lts'uu p IN. ileIeot rritainInS atLeF
,,t 81 o.,r ~ ,,
-, w., 'on n,,9 90" W. t' n,s,,G' Ineu
y ms aii'es'uil.ehC e,Iall We tu'heu oNel
loi general municipal purposes; out
"heh' anu 10 the extent mat the opilga-
luis no" uiaIseu on sa'4 taAeS shall De
palq; satisIied or refunded' SAID taxes
snali pe leleaseo from said 0pllSatIohs,
mo uItilnalelE WIeh ehtlrely released
a a9 seu, snaIi ceaSt 10 De leV!ea,
mo r silat, tllerealter. any ana All b0nds
Ss oI'idoS u' sn ms ameiune"t S!dli De
Tor Dy a TAX upon all taxable
'loperly IN the Clty or New DREAMS
sullcien. I'd 70 bohuS Is R'ey Respectively
become due; provided. however that: IN
he event the funds hereinabove special
" dedicated for the payment or the
and interest OF the p0nos ls-
sued under this amendment should prove
insufficient, the City Of New Orleans
shall and 1t is hereby required 20, levy
In every such instance tax upon all
taxable property in the City of New Or
leans necessary to pay the prlnc1pai
and interest Of said bonds
Section O. The principal and interest
of all bonds authorized by this amenu
ment shall be payable in gold coin Of
the United States Of America. or its
of the standard Of weight
and fneness at the time Of the issuance
of each installment of said bonds.
Said bonds shall be exempt from all
taxation for State, parish, municipal or
other local purposes.
Savings banks, tutors Of minors, cura-
tors of interdicts, trustees and other
6duciaries may invest the tunds IN thelF
hand in said bonds
Said bonds may be used for deposit
with any officer, board municipality. or
other political subdivision of the State
of Louisiana in any case where by pres
ent or future laws deposit or security Is
required
Said bonds may be registered and re-
leased from registry under such rules
as the Board of Liquidation, City Debt,
may prescribe.
Section 10. All bonds Issued under
this amendment snail bear such rate OF
interest or, from time to time, different
rates of interest, and snail except as
herein otherwise specially PROVIDED De
In such FORM terms ana dehotn,nat1ons'
and payaple at such t!nles any piattS.
within pelipu VI NO eACteu'I5 ny