St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1916-09-16

PURPOSES ana from souTceE other tnan
the taxes for the payment OF the princl-
pal and interest Of the bonds now out
standing or hereafter to be issued un-
der this paving certificates only in the
event and to the extent that such
amendment. which revnues shall be ap-
ments shall be insufficient for such pay
ment, and reimbursement shall be made
to the general funds of the City OF New
Orleans when the assessments are coli
lected to the extent of the amount that
the said general funds shall have con-
tributed to the payment aforesaid. So
much OF Act No. 23 of the General As
sembiy Of the State Of Louisiana for the
With is hereby repealed, and hereafter
no paving certificates shall be issued
upon the pledge of the reserve fund Of
the City Of New Orleans. but such GER
otherwise provided for by said act or
subsequent legislative authority NOT N
conf1ict herewith; provided, however
that paving certificates, for which the
leans shall be pledged, whether issued
under the aforesaid Act No. % Of 1914.
or under subsequent legislation, shall
not at any one time be outstanding in
bosrs n "a Vsus MILLION
Section 10. The total issue of bonds
by the City of New Orleans for all pur-
poses shall never exceed ten per centum
OF the assessed valuation of the proper
ty in said city provided, however. that
sewerage and drainage purposes (name-
~. the $12.000,o0O Public improvement
Bonds issued under said Act No. Of
1899 and the ;s.ooo.ooo New Pub
der Act No. 10 of the General
sa tho s1S su aad
or hereafter authorized. into which the
aforesaid bonos or any par Thereof may
be refunded), nor the 100000 Public
Belt Railroad Bonds authorized by Act
No. 179 of the General Assembly Of the
state Of Louisiana for the year 1908.
nor any bonds hereafter authorized for
Public Belt Railroad purposes, nor any
bonds which may hereafter be issued
or construction Of any revenue produc-
Ing public utility, nor any paving certifi-
Gates primarily chargeable against spe-
cial assessments for street paving, shall
ness Of said City of New Orleans under
this limitation; and provided further.
that emergency bonds may be issued as
authorised in Section S Of this amend
have bae4 reached provided that the
Nine Million Dollars Of bonds authorized
by Section / of this amendment shall
not be subject to the limitation herein
01SO AS tue I1IHO OI IlIuSS tHak Banjo
shah DO issued; but, with respect to
any other bonds that may be issued
hereafter under this amendment there
shall be included in the computation
withstanding the fact that all of said
Ntne Million Dollars Of bonds shall not
have been actually issued. and sucn
amount Of emergency bonds as may be
then outstanding.
Section IA. The Board of Liquida-
tim Cifv nAhf nFN0niEaf and
created with the powers, duties ana
functions prescribed by existing laws
And by this amendment, shall be con-
tinued while any bonds authorized py
this amendment are outstanding and I'M
paid; and all taxes which may be levied
for the payment Of said bonds shall, day
by day rs collected. be paid over to said
Board, and shall by 1t be applied in pay
ment Of the principal and interest Of
said bonds; and said board shall with
respect to all bonds authorized by this
amendment be entitled to exercise All
the rights and enforce the performance
Of all the obligations. the same as 1t is
authorized to do under laws existing at
the time of the adoption Of this amend
mont with respect to any of the present
" outstanding bonds Of said City OF
New Orleans All funds, property and
things OF value held by the Board Of LII
quotation, City Debt. for bonded debt
purposes other than taxes now or here
after levied. and particularly all funds.
property and things of value now or
hereafter held by said Board under Act
No. 1873 Of the General sse1nbly of the
State of Louisiana for the year 1880
and all amendments thereto, shall when
released from contract obligations or
dedications imposed by laws existing at
the time Of the adoption of this amend
ment be used and employed in the dis
creation OF said Board In payment and
retirement OF any bonds Of the City or
New Orleans then outstanding.
Section IS. For general municipal
maintenance of the public schoois ana
each year levy upon all taxable property
within said city tax not exceeding
six and one-half mills on the dollar Of
vtded, however, that when the one per
cent debt tax authorized by said Act No.
10 Of 1890 and the two mill water ana
sewer tax authorized by said Act No. s
led. and II thereafter the taxes levied by
he City Of New Orleans in any one
year for bonded debt purposes be less
than ten mills. said city may in such
such additional tax which. when added
to the tax Of six and one-half miiis
hereby authorized ana the taxes levied
for the payment Of the principal and
mature, shall not exceed in the aggre-
gate sixteen and one-half mills.
Section 16. The reservation OF TWEEN
ty per cent of the revenues OF the City
made an directed by Section, 40 Of the
Act No. 15e o. the General Assembly of
the State OF Louisiana for the year
1912, except insofar as the fund so d.
appropriated or dedicated before this
amendment takes effect to the payment
Of any obligation OF the City of New
Orleans and said reserve fund of each
vSyha aIaoC G d fhA nh icA
tions charged against it by law and be-
cause of contracts, existing at the time
Of the adoption of this amendment,
shall be used for general municipal pur
poses.
Section II. For the support. mainte-
nance, construction and repair of the
public Schools in the City of New Or
Public Schools. Paris, Of Orleans. or its
legal successor. shall levy annually
such tax, not exceeding three and ore
half mills, as said Board shall deem
necessary, which levy shall be certified
Gil or other future governing body OF
cause the tax to be entered upon the
tax rolls of said city according to law
against all taxable property in said
city 40 assessed and valued for CITY
collected by said city and paid over to
said Board OF Directors Of the Public
Schools, Parish Of Orleans, day by day
a. collected.
Said tax shall be in lieu of all taxes,
appropriations and funds now authoriz-
ed or directed to be levied or contrib
uted by the City Of New Orleans for
public school purposes, either by said
OF the Constitution Of this State. All
constitutional provisions to the con-
trary, rs well as Act No 262 of the
General Assembly Of the State of Louis
fnr tbn Cd