St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1916-09-02


to the general funds of the City OF New
Orleans when the assessments are col
lected to the extent of the amount that
the said general funds shall have con
much of Act No % OF the General As
sambly Of the State OF Louisiana Tor the
year 1914 as may be inconsistent here
no paving certincstes shall be issued
upon the pledge Of the reserve fund OF
tbs City of New Orlsan9 but such Ger,
tiaease: shan sa secured ,nr a. asfs and
subsequent legislative authority not =
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
Dollars (s5,ooo,oo0) in face value.
Section IS. The total issue OF bonds
by the City Of New Orleans for all pur-
poses shall never exceed ten per centum
ty in said city provided. however. that
neither the bonds issued for water.
sewerage and drainage purposes (name.
y. the s12,ooo,ooo Public Improvement
1899 and the $s.ooo.o0o New Pub
der Act No 10 Of the General
Assembly OF the State OF Louisiana
for .fs s1S and afsi
thereto. as well as such bonds, hereby
or hereafter authorized. into which the
Aforesaid bOnoS or any par theron may
Belt Railroad Bonds authorised by Act
No. 179 Of the General Assembly Of the
state OF Louisiana for the year 1908.
nor any bonds hereafter authorised for
bonds which may hereafter be issued
for water supply or for the acquisition
or construction OF any revenue produe-
Ing public utility. nor any paving certifi-
cial assessments for street paving, shall
be included In computing the indebted
ness Of qaid City of New Orleans under
thie Limitation; and provided further:
authorised in Section Of this amenc.
haye haeA reached provided that the
sections Of ths OF sh
not be subject TO the Limitation herein
nyed at the time or times that same
ahAA b issued; but, with respect to
he{saftsr under this amendment there
shall be included In the computation
said Mine Million Dollars Of bonds. not
withdrawing the fact that an Of said
NaAo Million Dollars Of bonds shall not
have been actually issued. and suc1
amount Of emergency bonds AZ may b
then outstanding.
ssetGn v + ns,1 The Bosd Of .gu sna
functions prescribed by existing laws
and by this amendment, shall be con-
tinued while any bohds authorized by
this amendment are Outstanding and un.
for the payment OF said bonds shall. day
by day as collected, be paid over to said
Board, and shall by it 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 ali
the rights and enforce the performance
OF all the obligations, the same as it is
authorised to do under laws existing at
the time of the adoption of this amend
meat with respect to any Of the present
New Orleans All funds, property and
things Of value held by the Board of LII
quotation, City Debt. for bonded dep.
purposes other than taxes now or here
property and things OF value now or
hereafter held by said Board under Act
No. 1873 of the General ssembly 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 amends
ment be used and employed in the dis
retirement OF any bonds Of the City OF
New Orleans then outstanding.
purposes. exclusive Of the support and
ths Of the bonded daSs Of a the
City of New Orleans. said city may In
each year levy upon all taxable property
Eithin said city tax not Ct es. ase
the assessed valuation thereof; pro-
vided, however, that when the one per
cent debt tax authorized by said Act No
10 Of 1890 and the two NALL water ana
IN pnfhnr1HAA IN ~ Nh
Of 1899 shall both have ceased to be lev
led and il thereafter the taxes levied by
the City Of New Orleans in any one
year for bonded debt purposes be loss
events levy for its general purposes
such additional tax which, when added
to the tax of six and one-hAlf mflbs
for the payment Of the principal and
interest Of it's bonds as they sevsralfy
mature, shall not exceed in the aggre-
gate sixteen and one-half mills.
Section is. The reservation Of twsn-
ty per cent Of the revenues OF the City
Of New Orleans shall not hereafter be
made an directed by Section 20 Of the
the state Of Louisiana for the year
1919, except insofar ~ the fund so d.
rected to be reserved shall have been
appropriated or dedicated before this
Of any obligation OF the City Of New
orleans, and said reserve fund of each
year. when released from the obligA-
tons charged against it by law and be-
of the adoption of this amendment,
shall be used for general municipal pur-
poses.
Section IT, For the support mainte-
nance. construction and repair of the
public Schools in the City OF New Or
leans. the Board OF Directors of the
Public Schools Parish Of Orleans, or its
legal successor, shall levy annually
such tax. not exceeding three and one
half mills, az said Board shall deem
by said Board to the Commission Coun-
Gil or other future governing body Of
the City of New Orleana which shall
cause the tax to be entered upon the
tax rolls Of said city according to Law
aSainst all taxable property IN said
taxation purposes; and SAID tax shall b
collected by said city and paid over to
said Board Of Directors Of the Pubic
Schools. Parish OF Orleans. day by day
~ collected.
Said tax shall be in lieu of all taxes.
appropriations and funds now authors
ed or directed to be levied or contrib
uted by the City Of New Orleans Tor
public school purposes. either by said
Act A No. llo Of 1890 or other PROV pr4vision m
constitutional provisions to the con-
trAry. as we'll as Act No. 267 of the
General Assembly of the State Of Louis
lana for the year 1914. ratified as an
State, are hereby abrogated and repeal
ed; and the City Of New Orleans shall
have no power or authority to use or
employ any Of its taxes or funds for
nance of the public schools, directly or
indirectly, except az herein authorized;
provided, however. that the City of New
Orleans shall administer. use and en-