The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1916-09-28

levy, nor fund the same into bonds, nor
borrow money in anticipation of the col
lection thereof; provided that said Board
may, in any calendar year, in anticipation
Of the collection of the taxes of such
calendar year and for the purposes for
which such taxes are levied, borrow such
sums as shall not be in excess of the
amount of its uncollected taxes of such
year, and may issue it's notes or other
evidences of Indebtedness therefor, and
such sums, notes or other evidences of
Indebtedness shall be payable only out of
the taxes of the calendar year in which
said loan or loans are first made and for
which Indebtedness said revenues shall be
pledged, and said Indebtedness shall not
be payable out of any other funds or
moneys whatsoever; provided, however,
no moneys shall be borrowed by said Board
for any other purpose than current pur-
poses, and in no event shall any money
be borrowed by said Board to make or to
pay for permanent improvements; and
provided further. that said Board shall
not make any contract or incur any debt
Otherwise appropriated, to pay and dis
charge the same are actually in the treas
ury, of said Board at the time of making
said contract or mourning said debt or
obligation and are specially set aside and
dedicated to said purpose except as may
be hereinabove specially provided.
Said Board shall annually and prior to
. the beginning of the scholastic year pre-
pare budget of it's receipts and expendi-
| lures and said budget, before it becomes
| mission Council of the City of New Or
leans, or it's successor as the governing
| body of said City. and all appropriations
Guided in the said budget shall likewise
before becoming effective be approved
| by said Commission Council or its said
Provided that nothing herein shall be
| taken or construed as authorizing the
| Commission Council or its successor to
Of the items of the budget thus submitted !;
| the true intent and meaning hereof being
| that the said council or it's successor shall
have no authority whatsoever in or over
| said budget except to the extent of ascer-
| tanning whether the proposed expenditures
as exhibited by said budget are within the
probable and estimated revenues of said
| Board of Directors of the Public Schools,
| Section 20. The inhibition herein estab .
| lished against the City of New Orleans
and the Board of Directors of the Public
Schools, Parish of Orleans, or either of
| them. borrowing money, anticipating their
revenues, capitalizing their funds or issu-
| ing notes or other evidences of debt. shall
, created by or under the authority of the
| Commission Council of the City of New
Orleans, or its successor as the governing
Section Il The provisions hereof are
sself-operative, and the, City, of New Or
| leans and the several boards and bodies
herein referred to shall carry the same
| into effect.
BE it further enacted. etc. That the
amendment proposed by this act shall be
submitted to the electors of the State for
| their approval or rejection at the Congress
| sional election to be held on the first
Tuesday after the first Monday in the
| month of November. 1916; that there shall
be printed OH the official ballots to be used
| at said election the words:
| For the proposed amendment to the
Constitution of the State of Louisiana
| providing for the funding of certain debts
of the City of New Orleans and of the
Board of Directors of the Public Schools,
| Parish of Orleans" and the words:
! Against the proposed amendment tC
the Constitution of the State of Louisiana
providing for the funding of certain debts
of the City of New Orleans and of the
Board of Directors of the Public Schools
Parish of Orleans"
and that each elector shall indicate on
the ballot cast by him, as provided by
the general election laws of the State
whether he votes for or against the pro-
posed amendment. "
! HEWITT BOUANCHAUD,
Il Speaker of the House of Representatives
FERNAND MOUTON,
Lieut. Gov. and President of the Senate
II Approved: June s, 1916.
r. G. PLEASANT,
i Governor Of the State of Louisiana
/ A true copy:
Il JAMES J. BAILEY,
Il Secretary of State.