The Caldwell watchman. (Columbia, La.) 1885-1946, 1916-09-22

/ any or the issues OF the DONLS OF sd4"
J city Outs landing at the time or the auop-
! ton OF this amendment shall become
/ caIlabie according to their terms or t"e
statutes under which they are Tespec-
lively issued, or when the consent or
all the holders Of any such issue OF
/ bonds can be secured the Board OF LII
| quotation, city Debt shall nave tNe
/ right In its discretion to call and pay
| any one or more Of said issues Of pon1s,
! and shall be authorized by resolution
/ duly adopted to issue and negotiate
/ bonds TO provide the funds necessary
/ for that purpose; provided however:
! that In no event shall the par value OF
the bonds so sold and negotiated eH-
seed the par value Of to the ne,n nonas' IN
Section Z. The full faith and creolt
/ Of the City Of New Orleans are pledged
for the payment Of the principal and m
! terest of all bonds issued under this
amendment.
The principal and interest of all bonds
authorized by and to be issued u'tuel
this amendment shall be paid primarily
out Of % that one-half of the surplus
Of the one per cent dent tax which here
t0fore has been dedicated for the sup
port and maintenance OF the pubic
schools of sad city. as levied under ana
authorized Dv Act No. llO of the cen
eral Assembly of the state Of Louisiana
IoI t''e yedl to'0; az az th,s
49, tt -, f+ar January 1qoS
that portion OF the one per cent drht
tax. authorized and levied under Act NO
.tioI [ 4"t t'1T n3nr Act NH &
~ i"oU W GU 49, 80 Stoto
y. me ,Ie'le' a. AS3t ."Di| ,cH1 ,-,,r,
% ~" 1on t.,s ',| r grea1 from
emu '.iNc ptTl tGlv"e o. "'' IIi,c, ,,-
funding or the payment in due course
=" -. a., VI an! P''' ~ 20 az of tlfs
a. ome l'n,t ~ tt tl'"t - t,n fun,,e
r"'' - w ~. ~ "a ,E, III
81 WIN ''I9 " ,'ar =, ,,.,v
.e 'i.S4,,,Ga,i'' "a dniorost ~ mo hon,s
,Le ~ Ii,cIiat alu iner,V i' "" o,,3 ,hen
tenueu gnur' S'I'' 49,, az - ~, INV
' .is ai'o 49,, rIt t,,nae axnrH-
1"tatoa re o o'ohI fo. sIrh nIr,os
- thn 800 ~, ~ %eu, 0rIeane sEaIl lew a
t .ar tE nrr obfo ,,ro,ort| In Sa7T
10. rp ,t4oi+ ~ nra,.io "a, orv emrh
deso,onn,r. or5 nrpovidaJ furthar fn0y
,rba ~ o ",' ono nar cont Jnht
toy ovid .utn Nil yyotar ana sewer rax
'''t oa ,''i ia fa,Sio,J Two Cit, ~
Tnr. Or1aans sboT law a tpv mon All
toxohIa n~onarty IN said cttv sHr4in,emI
~ ,'oN, tthn T,rircinoI and interest Of
sotlf kar5s +hoy rasrectivalv barnma
S a." o'l'N' II" '''e'
sectior T, is harahv intenda1 thar
ali evist,n~ dediration and anpropr,a-
tio,s - sa3a t,rn No., nant delt tov an
thn-;z..j ~. Soid ,nt W ia ~ 1SVr ,ay-
n,,t T,.t.t o.,,+,t 20 Tho cola one-b9rr
~ tho rl,rnIie NJ tEa one n"r cert debt
,av tban,i,, d,,Iinotea IN n,Ihlic schonIsl
ond 81 coif t,rn-TH1lI watar and saver
toy nut},nri,ni I,, eofl Art No Of
1 ISH ehoiI h in rsenacteI and nerrorme,
accordtng to me nriorities bv said stat
,,tas aetaIIishcd, that Ali of mai norton
~ The fmnds rns,,It;nr from ttIf low OF
aoiT tayaa which srai1 no released from
satd annrnnriotiaTs ana daGiCatfrns NV
no noynant satierantior mr. rarnrd'nr
~ NV ~ tba hnnIad dab+ oi,liratfn,.s
0ous cbor,eI tharaon and t},arn-as,a,,sr
sE LUX "a w.
sm~rI,,s ~ tho ora mar nart ,Iatt taT
beratNforn aedicatoa r. rYhItc schnri
nIrrnneae lo rea5 ana anrIie1 ~ mo
pa,.n,an+ Of t,,o ,rri,"i,,a1 ,,l ;,,tar.s+ %
al hon1s icS,Iel rntnr mis- amn,,'I,nenr.
that INV. rnsfina theraor ,..ratri,'c artsr
no not:ment ~ tha nrirrfnai n,,,j iTtar.
est in anv ono vear Of hon Is Authorized
~, ~ or,,o,,d,Ia,,+ ebo11 h., +mr,,na a,,or
~ no ci+, ~ Tau, 0rinans ~ bo'us.,l ~,
~ fmr ,r,not,I ,,,,,oioi,'i ,,,rrn,oS 49,,
,sbon 90 tn tha WAN trpt ~ ot,;oa
t;ny,a ,,o,,, oborgod on ia tavos cbo1i bo
ma saticfinJ or rnfInSoJ SD ,axo
shoii 10 rolnocoa fron, sni5 oIi;ro t;nns
and ultimately when entireIv reIeasni
and DISCHARGED shall cease to he Ie,-iad.
and that tberea fter, anv and oil bonds
issued under this arnendment shall ho-
provided for by tax upon all taxable
property In the City of New Orleans
sufficient TO nav the principal and in
terest of said bonds as they respectively
become due; provided. however, that in
the event the funds hereinabove special
~ dedicated for the payment of the
principal and interest of the bonds is
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 DrOperty in the CITY or New Or