The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1916-09-16

No money shall be drawn from the
treasury of said city without specific
appropriation therefor. previously made,
nor shall said city make any contract or
incur any debt or obligation for any pur-
pose whatsoever unless sufficient funds
not otherwise appropriated. to pay and
uischarge same are actually in the treas
ury OF said city at the time of making the
contract or mourning the debt or obliea-
ton and are specifically set aside and
otherwise provided. The foregoine iimi-
tation aand restriction shall not apply or
De held TO Apply to contracts or obligation
incurred with respect to the furnishing to
said city of light, heat or power. water
telephone service or garbage removal or
destruction
The said city may in any calendar year
m anticipation OF the collection of the
taxes of such calendar year, and for the
purposes for which such taxes are levied
borrow such sums as shall not be In
excess OF the amount of it's uncollected
taxes of such year. and may issue its
notes or other evidences of indebtedness
therefor. and suc;i sum, notes or other
evidences OF indebtedness shall be pay
able only out of the taxes OF the calendar
year in which said loan or loans are first
made, and for which indebtedness said
revenues shall be pledged. and said in
debtedness shall not be payable out of
any other funds or moneys whatsoever
No money shall be borrowed by the said
city except for current municipal pur-
poses, and In no event shall any money
be borrowed by said city to make or to
pay. for works of public Improvement.
said city may issue for street paving
purposes certificates on its faith and
credit pursuant to legislative authority,
to an amount not in excess of any speciai
assessments which have been or shall be
made for such purposes. Such paving
certificates hereafter issued shall be
chargeable primarily against the special
assessments in respect Of which they are
issued, and secondarily against the reve-
nues of the City of New Orleans derived
from taxation for general municipal pur-
poses ana from sources other than the
taxes for the payment of the principal and
interest of the bonds now Outstanding or
hereafter to be issued under this amend
inert. which revenues shall be applied in
payment of such paving certificates only
In the event and to the extent that such
special assessments shall be insufficient
Tor such payment, and reimbursement
shall be made to the general funds of the
city of New Orleans when the assessments
are collected to the extent of the amount
hat the said general fund shall have con-
tributed to the payment aforesaid. So |
much OF Act No. 20 of the General As |
sembly OF the State of Louisiana for the |
rear 1914 as may be inconsistent herewith |
s hereby repealed, and hereafter no paw |
ng certificate shall be issued upon the |
pledge OF the reserve fund of the City of |
New Orleans. but such certificates shall |
De secured IS herein and as otherwise pro-
Tided for by said act or subsequent legis- |
alive authority not In conflict herewith; |
provided, however, that paving certificates,
or which the faith and credit of the City I
4 New Orleans shall be pledged whether