The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1916-11-04
CONSTITUTIONAL AMENDMENTS.
ACT NO. q.


debts of the City of New Orleans and |
of the Board of Directors Of the Public
schools, Parish OF Orleans. respective
ly; the issuance of serial bonds by said
city, the purpose for and the manner
III which same kehy be issued and the
duties and functions of the Board of
thereto; and the Ievying. by the City
of New Orleans and the Board of
School Directors Parish OF Orleans,
respectively, of certain taxes for gem
eral municipal and school purposes;
and providing for the submission of
said amendment to the electors Of the
State for their approval or rejection.
BE it enacted by the General Assembly
Of The state of Louisiana, two thirds of
eoncurring, that subject to the ratihca-
non and approval Of the electors of the
state, the Constitution of the. State be
amended by Incorporating therein the fol-
section l. The City of New Orleans by
a vote of three-fourths of all the members
OF the Board of Liquidation, City Debt,
approved by resolution of the Commission
Council, or it's successor as th9agoVerning
ioay OF said municipality, adopted by a
council Or governing body. sha1 have
power ana is hereby authorized % issue
Nine Million Dollars ($9,eOo,ooo) of bonds,
Gold Bonds" and to bear such rate of
Interest as The BoaES OF Liquidation, City
Debt, may x from Re to time ne as as each s1.
Section q Three Million Dol&rs 1884,
100, oeo), in par value, of the lends au.
thorized by section l OF this amendment
shall forthwith be sold.
The proceeds Of ~ three e million iale,
dollars OF bonds shall oe appllea eAeiu-
sivel.' TO the following purposes and in
The following order:
(a) The payment of the outstanding and
unpaid school Teachers Salary Bonds of
The Cry OF New Orleans" issued under
Act No. 2 OF the General Assembly OF the
state OF Louisiana for the year 1906 which
bonds shall be called for payment and
paid soon as practicable;
(b) The payment of the principal OF the
floating indebtedness of &he Board OF ID.
rectors of the Public SSApeis, Parish of
orleans, evidenced by note or notes out
standing at the time of the adoption OF
this amendment to an amount M not eN1
Dollars $3.50, 000); provided that IN the
event that said Indebtedness or any part
thereof shall have been paid by said
Board out Of its current revenues pre-
vious to the adoption OF tins amendment
the amount thus paid (not to exceed $685.
900, however,, shall be paid over in cash ash
to said Board to be used by II Tor schooi
purposes, as provided by law;
tc) The payment of the sum Of rive
Hundred Thousand Dollars 4soo9. oo9l, Wv Win 70
interest thereon, borrowed by the City OF
New Orleans for storm emergency puf-
poses in the year 1916; :.
ld) The, payment OF the og Hts "a nor OF
Orleans to it's fiscal agents or other banks
representing loans or advances MADE Dy
them to sad city o5hec t If f sh sseton
10 an amount not exceeding IN prlnclpal
and interest the sum of One Million Tnree
Hundred and Fifty IhOusaHu DoiidiS
Isl. $50, 000); and
(eJ The balance of saio proceeds shall
be used and employed by the Board OF
Liquidation, City Debt, for the payment
of Public Improy ement Certificates OF the
city of New Orleans, as set forth IN
Section 3 of this amendment
Section B.. The remainder Of the 5ondds
authorized by Section OF TINS amenu-
iiiemt or SO much thereof as may p o
necessary, shall be sold. from time Io
time. in such amounts az the scare 80, q
and the proceeds of the sale thereof shall
be applied by said Board to the payment
Of Public improvement Cert INC Gsne au
Assembly of the State OF Louisiana 1ol
the year 1908, and acts amendatory there
of, and presently outstanalng OF ls f.a ~
made before this amendment takes eIscL
az their respective maturities Or wher
said maturties can n pc ah Roapa upon
Said Act No 56 of 1908 and all amend
ments thereto, as well as all statutes upof
No. i2s and No 270 of the General AS
senlbly Of the State of Louisiana for the
year 1910 and other statutes on the s sans a.
pertain to the City of New Orleans. %
and the same are hereby repeated never.
iheless Public Improvement Ceftln a.S LEI
said Act No 56 of 1908, and amendp ents
thereof, in payment of any contract made
before this amendment taxes eIecG
Section 4. The City of New OTlean.
may also issue and negotiate It's ponds
when authorized by vote of majority
in number and AMOUNT OF me pr sepsaes
for property in said city as shaen p i,, IN
last assessment made prior TO we suofnls
sion of the proposition TO me sac propiaf a.
taxpayers and who are otherwise quannee
to vote under the Constitution ana iaW'
of this State, voting at an elecllon calle'
by ordinance adopted by a xoee r 81 Two
sion Council, or its successor az the gov
erning body of said City OF New orleans
and which ORDINANCE before e,sa any ao stei
by u vote of three -foarths OF alGkle iii t.I
bers of the Board of LiquidaA&n, :, Gl .
Debt. Due notice OF sag e, ~ "a
FURNISHES Iorna Of said so city city -four weekly
Of said notice constituting a yea 10
fer thirty BETWEEN days pr9 fhe date
No bonds shall be issueeagsndfe a,. I'M I'M,
see1n f sno amy CHAN tan the
mission of the propositlolrfso saao Idly
payers. f. eood nesti
lenee. storm or other PUBLIC calamity, tn
city of New Orleans shall . nave power power
by a two-thirds vote of all the memner
ssssnr as the governing body Of said city
tconc1lrred in by a three-fourths vote Q
Iii the members of the Board OF Liqulaa
tion. City Debt, to borrow money al'
issme and negotiate bonds in such sum
NOT exceeding Five Hundred Thousan
Dollars (s50e,00o), as shall pc heeessar.
III s s1.f &. For the purpose of refundin
ali ar any part Of the bonded Indebtedness
of the City of New Orleans exisIlIg d. III III
time of the adoption OF TINS aflenaii sr.,a
bonds may from time TO Ilfne pe i is.s,,o
and negotiated. When any OF the issue
1f the bonds of said city OUTSTANDING q q
the time of the adoption or tnls a!aenu y
nent shall become callable aceoroing - =
their terms or the statutes under Wfllcl
thew are respectively issued, or When IN
Mnsent of all the holders of any sue
ISSUE of bonds can be secured, thsn soar
nf Humiliation, City Debt, shall fSf lh
right In its discretion to call ana ~ an.
nne or more of said issues OF bonus, an
shall be authorized by resolution gu.
Sdonted to issue and negotiate bonds =
nrovide the funds necessary Tor ina
purnose. providing however, that n n n
event shall the par value OF the pohus -
sold and negotiated exceed the par Vaiu
ct the bonded Indebtedness thereby TO o
refunded ...4,, a,,a credit n
the CITY of New Orleans are pisogtu -
fhe PAYMENT of the principal ana lllerss re-
Of ali bonds issued under TINS an1end Ila
The principal and interest OF an po ~
authorized and to be issued un .,10 e., ~ !
amendment shall be paid primarily. out .
49, ~, h nf the surplus the on