The true Democrat. [volume] (Bayou Sara [La.]) 1892-1928, 1916-10-07

s ..g,.1 ard interest of lhs bonds ISSUED .
.,''lrr thls amendment and then cat /
standing and unpaid, of II fhf att3 Nats9
there shah H0t he funds aplHep'F1s' W
af available fbT such purpose, The tilS tt
>rU orleans shall levy a tax upon ab
t.sshlu property ia said ctS sulhtitW "a
uflf sslp lus aHs such deficiency ab4 Pre-
.Jt.E Iflhs. Lhat when The AFORESAID Hlls I
.ta can't debt tah aHd two H5H walter aH3 |
sewer tax shtl cease - be 9sElssa tht
rgfE az New Orleans shall lew - t@N aFs3.
n sfs4lIr lIupertt lea SAID cuts &4lHt3th,
d. pas the principal aud interest q H.3A
| tuU Is as they respectively become cue.
.ertfon s. "a IL hereby intended tllat ail
existing ds,itealtgnA ana appi eps a's ~
salu uuf pest cent destt tax authorize" ~
| SAID Act so 40 II 1890 teAetpi Win g.
, sa5yrt O. the said OHe hail OF the surplus
/ I'd thp uap IHf cent aebI Tar herein ht84'
/ Gated "a pahig srhoo4h1 ana d bhl W..
fgla water and Sewer tx, aushotszsd ~
-+I Aa No ~ 1889. shall be- respected
] and performed according TO the pftutlA tte
/ bs sand statutes eai thlished mat an 81
! that portion ~ the funds resulting from
j H.. tst4 Of said taxrs Nhtrh shall be
| fge,ueattuHs by the payment satlsiaet tyh
! az ftfunduE so Bbs II TIE bonded aehl
obligations SOW charged ihtlrNH At@
! Their, against stall, together with ltS "hs
half OF The surplus ef tie one PET cent debt
tax heretofore dedicated to pahbg school
pt44lsletr be ased aud appHeG 60 the pay
ueGt uf the principal and interest uf al
HlH1e Hsufd under THIS Amendment thstR
ans residue thereof remaining after the
payWe4t 81 the principal ati interest ia
1fft spr year al HUuaa authorized hE ltia
! amendment shall be turned over e. TIE
lens ~ New Orleans 90 DC used rs u lot
general municipal purposes, bat Nhrh,
aud ia the extent thai the Obligations
nuw charged un SAID taxes sfall he pad,
| satisfied o. refunded, said taxes shah be
| released from aAid Obligations and, aili
HAtelb when eHtirte released ana MS
| ehaFEgd. shall cease 60 he levied ana,
Jhai. thereafter aaA and al bonds issued
! under this amendment EhHu tie prptlaea
lur les a taA upon ali taAabie property ~
| the cats 81 &eH orleans sufficient 60 pay
Tie principal AMI interest oi said bonds -
/. | hes respectively become die provided
haW ever, that M the event the funds
HerclHaboye specially dedicated for tbs
y pa rteut OF the principal hui interest ol
hE bonds issued ui48ef thIs amendment
should prove insufficient the city 81 NeW
. ffleaus shall and II is hereby required 10
: IeyY iH every such instance . tax upon At
: ! taxable property ia the CITY 81 New
: | orleans necessary to pas The prlh@pa
| and interest Of said bonds,
y Se,s lJH q lac prime pat and Interest d
u ~ bpuds authorized by thls ameudWen
| shau te payable in gold coin ot th'
| HifrI states 81 America, or It's equiYa
. tytt ut the standard Of weight and me
: ness II the time II the Issuance ot eael
I, | .uslisiiuent of asttd bupds
u aaEd Bonds shall be exempt from al
!, | taxation fer State, parish, municipal q
= either iocal purposes.
: 5#NfRgs banks, tutors 81 minors euEa
= | tufs OF iutefdicA trustees and oths
" da4tlsrges may invest the iuuis lH tbtl
, n4ifas tH said buutz,
SAID bonds msy be used fer deposit viii
! tU} eiiigeT board, municipality or pthe
. political subdivision II the state ~ Lou
u st4nA in ans ease where los present g
a. f8F
: said bonds mas hc registered and fe
y leased from registry under such rules Is
y | he buard .. Liquidation, TITS t'thf, ma
prosrfbe -,
y amendment tball bear such rate OF IN
y teFsst CT, from time to time different rate
- If interest, and shall except as bertl
? | otherwise specially F1pt.ied he M sue
| form, terms and denominations, ana pas
" ttIe At b. u times and places, WITHIN
- period ot not exceeding ttty years fro'
= ! ths date thereof aA the Board 81 Ia4uidi
~ fuu, Cltg Debt. shall determine, sal
bonds fhat be issued la SERIAL form aft
u shali he lhg5 able ~ ANNUAL ihstaIlinrhu
u Commencing not mere than NO year
ut from theif respective dates and the ~
10 sediments payable ln each ysaf sfbii /
ia 40 H3e.i that. when the annual Interest
added thereto. the several annual tot
Il amounts ~ principal and interest To {
J. H1ga slItdl he as nearly equal ~ pfati
It cable provided Said nstaDments mas }
10 nkvd ii nye thousand doilBrs OF the ncal
Of 81 muHiple thereof
Z, said lands shall be sighed bt The da}s
III 4Hi fhr commissioner IL luhte lthaUt
al ii iltH Gus II New Orleans. o. Uilrei
4, Hrrrls,aF alHiaf functions ANA counter
al sisHea b. The President ug Wee FTttAaei
pf ant the secretary or Assistant S*eretAi
= ~ the Hoard 81 Liquidation, city Deb
ad and the coupons attached 20 said hont
ct shah bear thu facsimile signatures u sa
T. Commissioner II Public Finance ana 40
sn secretary or Assistant Secretary. III eat
lu | 4Hs s8rh officer whose signature 90 eou'
tst FIsstIfe appears upon such a boz
q uf l0ftgpH shall cease % tt EAel ellie
IA before delivery u said bend or coupon
Is the purchaser such signature or CeiHle
=. signature shall nevertheless he valid {
ne pA purposes The cost and expense
ne nien flng and selling said auHaA shall
OF paia fet by the Beard 81 t4qs'aatio
r. ~ uon Ii an bonds issued under n
es meujusgt SHAH be sold by the Hoard
l., Liquidation ely Debt, to the hlghe
It's h.4ier af bidders by sealed proposals AFT
de I8p adyuftFeneui Of hot leas than n
Insertions ia the official journal 81 &
Ba IFS If StS orleans tthe FIRST Insertion
ds sn ~ ieaHt fifteen days prior % the da
rs ~ the sairs ana such other sdgeitis
IS urnt. 10 said city og elsewhere, as 20
Ell t.eartl q Liquidation may IN ne diHcfeih
he direct provided said Beard Of i.iIu iail
IL MaY reject any and all bios
rs section ~. Except aE otherwise pG
led iaei ia this amendment, the t'tty OF Nt
Wa Orleans pbaH not borrow money iss
gd bombs, notes OF other evidences Of !
TO- iebteaness az pledge is credit o. @
"a | ticft,8te the collection Of afs 81 Ita tax
y. NJ money shall BE- drawn fran
u.s. | treasury Of said city IS thout speci
zen appropriation therefor previously mB'
ed NOT shall sHld city make any contract
tn Incur aus dsit ur obligation for any ~
tiY poap whatsoever unless sufficient funt
bs | not otherwise appropriated, O. pay q
tai tltt h4fge RAmt are actually ia the tres
ms ury ~ said city at ths time If snaklnK
lon | contract ~ iasairtuE the debt ~ phliE
in tEor and are specifically set aside
fst dedicated 10 said purpose unless hers
i | ntheFEise provided. The foregoing lin
his tatipu suj rgstTietiuH shall rot apply
.ny | BE- held "a kfpy 10 contracts OF ohllRatl
AZ -tid aity II light, heat OF power, vat
'el Phone service or garbage removal
ri. destruction
the The ssia cts mas tn ans calendar y,
.sr En- anticipation q the collection ~
eFe faNts ST such calendar year, and for
1es puFbsNrs f0g which such taxes are levi
It's barrow such Sums ~ shah not be
az excess ag the amount ~ lta nucolieet
"a taxes If SHrh yeart aud may issue
and notes az other evidences Of iHdebtcGu
In | therefor and Ructi SUM notes az on
and ys denees ~ indebtedness shall he ~
arY | ,tie rhly out Of the taxes II the Calent
yeat In which said loan or iaaEs are q
ing | made md for which indebtedness =
ess revenues shall be pledged and said
the lehtedneEs shah not be payable out
,ut | ans other funds at moneys Whalsuet
aed No money shall hs borrowed by the q
ties .lsl expepi tuI current muuielpal q