St. Landry clarion. (Opelousas, La.) 1890-1921, 1916-09-09

AMENDMENTS
TO THE
CONSTITUTION OF LOUIS
lama
Adopted at the Session of the
Legislature of 1916.
To Be Voted On at the Congress
sional Election.
Act No. 4

Mouse Bill Nc. 4. BY Mr.. Byrne
A JOINT RESOLUTION.
Proposing an amendment to the Consti
tuition OF the State of Louisiana pro
viding for: The funding OF certain
debts Of the City Of New Orleans and
OF the Board of Directors of the Pub
lie Schools, Parish of Orleans, re
@pectively the issuance of serial bono
by said city, the purpose for and thu
in which same may be ISSUED
and the duties and functions Of ths
Board Of Liquidation. City Debt, with
reference thereto; and the leyyfng by
the City Of New Orleans and the
Board of School Directors, Parish OF
for general municipal and school pur-
poses; and providing for the submits
sion OF said amendment to the cleo
tors of the State for their approval
Be 1t enacted by the Genera! Assem-
bly, Of the State of Louisiana, two-thirda
OF all the members elected to each house
Aoncurring. that subject to the ratifica-
The State. the Constitution of the State
be amended by Incorporating therein
the following provisions, to-wft:
Section /. The City of New Orleans.
By a ote OF three-fourths Of all the
Saemaes of the Board of Liquidation
City Eebt, approved by resolution of the
Commission Council, or its successor as
the governing body of said municipality.
Adopted by a vote Of two-thirds of ali
the members Of said council or govern
1ng BODY. shall have power and 10 here
by authorized to issue Nine Million Dol
laEs $50 o0, 0o0) Of bonds, to be styled
Bonds" and to bear such rate of inter-
est as the Board of Liquidation, City
Debt. may fx from time to time as each
tnstallment OF said bonds Ia offered for
Sale as hereinafter provided
Section .. Three Million Dollars ($3,-
moo 0OOl. In mar value. of the bonds ALI
thorized by Section / of his amendment
shall forthwith be sold.
The proceeds of said three million
dollars of bonds shall be applied exclu-
eively to the following purposes and in
the following order:
ana unpaid p asSehooi 4 T%e andh ass's saIarsy
Bonds OF the City of New Orleans" is
sued under Act No 2 OF the General AS
eembly OF the State Of Louisiana ror
the year 1908, which bonds shall be
called for payment and paid as soon as
practicable:
the floating indebtedness OF the
lie Schools, Parish of Orleans,
evidenced by note or notes out
S~standing at the time of the adoption
sof this amendment to an amount no
*exceeding Six Hundred and Fifty Thou
eand Dollars ($650. 000); provided that
lin the event that said Indebtedness or
any part thereof shall nave been paid
by said Board out of its current reve-
nues previous to the adoption of this
amendment, the amount thus paid (not
to- exceed $3.50, 900, however,, shall be
paid over in cash to said Board to be
used by 1t for school purposes, as pro-
vfded by law:
&c, The payment of the sum of Five
Hundred Thousand Dollars $500, 00O).
City OF New Orleans for storm emergen-
ey purposes in the year 1915;
ld) The payment of the overdraft or
other Indebtedness due by the City Of
banks representing loans or advances
made by them to said city, other than
those referred to In paragraph (c) OF
this section, to an amount not exceed
ing in principal and interest the sum
Of One Million Three Hundred and FIJI
ty Thousand Dollars ($1.350. oo0}; n
{el The balance of said proceeds
Board of Liquidation, City Debt, for the
payment of Public improvement Certifi-
Gates of the City of New Orleans, as set
forth In Section 9 of this amendment.
bonds authorized by Section / OF this
amendment, or so much thereof as may
be necessary, shall be sold, from time 10
liquidation, City Debt, may determine,
and the proceeds OF the sale thereof
ehaii applied by said Board to the
payr1n@ II Public improvement Csrtif-
- a n Ny Az W. W VI tic
General ,sembiy OF the State OF Louis
isr9 FOR sc year 1908, and acts amenda-
the Of, M presently outstanding
or isSsr at any time in payment OF
0Ay o. tct made before this amend
mem eales effect, at their respective
seatnrities or when said maturities can
be anticipated upon terms satisfactory
Said Act No. Sc Of 1908 and all
thereof, as well as all stat
utes upon the same subject. and so
the General Assembly of the State OF
Louisiana for the year 1910, and other
on the same subject matter, az
affect, apply or pertain to the City
New Orleans. be n the same are
hereby repealed; nevertheless Public
Certificates may be issued
the n provided by said Act No.
IS of 1908, and amendments thereof. in
payment of any contract made before
amendment takes effect.
Section 4. The City of New Orleans
may also issue and negotiate it's honda
authorized by a vote of a majority
taxpayers. who shall have been assessed
for property in said city as shown by
the last assessment made prior to the
submission of the proposition to the
property taxpayers and who are
qualified to vote under the
Constitution and avs or this State,
voting at nm election called by ordinance
by a vote of two-thirds of all
the members of the Commission Coun-
Ill, or its successor as the governing
of said City of New Orleans. and
which ordinance before any such cleo
lion is ordered shall be also adopted by
/ vote of three-fourths of all the mem
,ers Of the Board of Liquidation, City
Deb Due notice of said election shall
,e published for thirty days in the Off
.ial journal of said city [four weekly
of said notice constituting a
for thirty days. provided
hirty days intervene between the date
# the first insertion and the date of
elecuon).
No bonds shall he issued under this
for any other purpose or for
ny greater amount than that stated IN
he submission of the proposition to '
taxpayers.
Section 5. In case of fire, food, pes
Hence, storm or other public calamity,
City of New Orleans shall have
over. by a t~wo-thirds vote Of all the
of the Commission Council, or
Is successor as the governing body Of,
aid city, c~oncurred In by a three.
5urths vote of all the members of the
of Liquidation, City Debt. to
orrow money and issue and negotiate
onds in such an, not exceeding Five
Thousand Dollars (S5Go. 000),
$ shall be necessary In any one such
Section 6. For the purpose of rs-