St. Landry clarion. (Opelousas, La.) 1890-1921, 1916-09-16

funding Ill or any part Of the bonded
Indebtedness Of the City Of New Orleans
existing At the time OF the adoption OF
70 time Be Issued and negotiated. When
any Of me Issues OF the bonds of said
$tty outstanding as the time Of the adop-
eaiiAbls 'aesordfn9 to their terms or tns
l~statutest under which they are resDec.
lively thsued, or when the consent OF
~ the holders Of any sqsh issus o.
Qai6atten, City Debt. shall have sns
fight In It's discretion to call n pay
t&AY one or more of said issues OF BOMBS.
daaz adopted to issue and nsso,ia1s
bonds to provide she funds nscessary
f9r that rpoY provided. hoEeysI
DE tss' boua a0 s so ola sha Nd th ae PCT yssa' OK z.
$sS1 the par value of the bonded IN
deRtedness thereby to bs refunded.
Gection 7. The full faith end credit
for the payment of the principal in
x~saspdnsni ~
satasrIRa s,a0i y a.. asr , q s. Issue. q a. 1 D1ass
S asaS 4 e asas o snsia e e Rsid q Surplus
~ ehs one per cent debt tag WHICH here
port and maintenance Of the pubic
sSsSerissd 81 Rot, No: 10 q the Gen.
i Essi (. ks'. Sssa + 1ss e. s ssa s ss sss;:asss
4kAte. aid ~, after January l.. 1875
fhas portien OF the one per ssnt dsos
f18 &fore9Aid and the twQ~fnill tag @ws
fAcessed By and levied under ACT Up. .
% the General Assembly Of tie State
dali have been released and freed froaS
Dedication either by the calling ana -.
fYMdinE or tbs payment in due course
& 4 IL q ssm ssy 2 R.fs sh q ca pSoa' sffi't sh,s
derived from the sources Aforesaid shall
3 'p pTgneIasY IA fek Sse q xsa fSs e SJ Rax
tisgad undsr tila ara1admsnt and then
saSss thers shall 81 Be funds appro-
e BE- efts 70 & r H ssaaa oai.s sss sue. sssil pq lsRs I
tn Upon all taxable property in said
SEty sufficient to provide for any such
6~4aeisney; and provided further spst.
$ek and two mrl water &nd sewer tag
View oriseas shall levy a tax UPON ali
q pay. the principal snd interest Of
aid bonds a. they respectively become
III Ss ssissia !; d i is esns0s an ants approp sas.
G3ons OF sald one per cent debt ta1 90.
Skofixed by eatd Act No lilo of 1850 (ex.
osps with respect TO the said one-haif
Of the surplus OF the one per cent debt
tax therein dedicated to public schools}.
ana OF said two-miIl water apd sewer
te&. authorised by said ACT No s OF
a asss; snsii 10 0s sh seI psiorfsi.s si 81 g said ssst.
v{es sBtabl.shed; That ali Of THAI portion
Of the funds resulting from the levy OF
s ssid t spgaop mhise ss. and p a ssl:sssa srG N
the payment. satisfaction or 1efuAdfRg
OF any OF the. bonded debt ~obligations
chArssd thereon and thsre-agafnst
dedicated 10 public school
Ryrpessg. p sssd snd applied 20 ting
I'll III S Sea- y sss sus ',aSsP1 th aaa am anseasss 81
any residue thereof remaining after
eE9 payment OF Che principal and inter- !
sst N any one year of bonds authorised
% the city Of Nsw Orleans. to be used by
{ for general municipal purposes; but
shs1. and to The extent that the obliga-
b released from said obligations,
aisahaTrsd2,' .s sain e. sas'f e :. si isviss; ]
ssvS4 Under this amendment shall Sc !
crowded for by q tax upon all taxable {
'rcpesty In the City Of New Orleans !
'ufhoient to pay the principal and in {
NA 5AA SoEhAS Us SlCy I0SRSGb1f0ly +,
,ecospe due; provided, however, that, in {
he event the funds ~hereinabove special !
, dedicated for the payment Of the !
i0ed under this amendment should prove q
nsu fscient, the City Of New Orleans n
ALL. and 1t ts hereby required to, levy 2
axahfs property II the City Of New Or b
81 Interest q said bonds. a
section : This principal and Interest .
.eos shall be payable In gold coin OF 3
no United States of America, or its o
of the standard of weight 8
% nneness at the time Of the issuance Y
each installment of said bonds. y
Baid bonds shall be exempt from all n
.xatson for State. parish. municipal or 2
Tier leeal purposes. q
savings banks, tutors OF minors. cura-
gro ~ tnterdicts, trustees and other Il
dhqtarfes may invest the funds In their CT
apd In said bonds. (,
eaid bonds may be used for deposit a.
ith any officer, board municipality. or ii
ther political subdivision of the State II
Loufsiana in any case where by pres pi
or future laws deposit or security ls Il
,quirsd. b.
6aa6 bonds may be registered and re- B
ased from registry under such rules m
; the Board of Liquidation. City Debt, 81
prescribe. re
Section 10. All bonds issued under Oh
lfs amendment shall bear such rate or ii
tsrest or. from time to time, different OF
.tss OF interest, n shall, except AZ .,
such form, terms n denominations, m
n payable at such times and places, ~
ithin a period Of not exceeding nifty n
BARD of Liquidation, City Debt, SHAH ql
Said bonds shall be issued pu
serial form and shall be payable In af
~ noI I'm ,nst ALI commencing not pr
70 dates, and the installment payable n,
each year shall be SO fixed that, when SIT
. annual interest IL added thereto, the an
vcral annual total amounts OF prin- re
pal and interest to be paid SHAH be de
nearly equal as practicable; provided, tn
Id tnstallments may be fixed at nye m,
'usand dollars or the nearest multi or
} thereof. ne
said bonds shall be signed by the Ne
lyof and the Commissioner Of Public
nance Of the City of New Orleans, or pu
esident and the Secretary or Assist ~
/ Secretary of the BOARD Of Liquida- ca,
City Debt, and the coupons at wi
,hsd to said bonds shall bear the sts
'-simile signatures Of said Commas tn,
of Public Finance and said Seo- vic
airy or Assistant Secretary. In case Gel
2 such officer who's signature III
p a bond or coupon shall Of
SO to be such oficer before led
very of said bond or coupon the
purchaser, such signature or yes
BIC tlSieSS Dc LIE
Id for all purposes. The cost and ex- eve
Use OF preparing and selling said SUI
lds shall be paid for by the Board OF to
City Debt. her
ection II. All bonds issued under for
amendment shall be sold by the Int
lrd OF Liquidation, City Debt, to the ma
hest bidder or bidders by sealed pro- gat
ais after due advertisement Of not S
than five insertions in the official ty
nal of the City of New Orleans Cine OF
insertion to be at least fifteen days ma
II to the date of the sale), and sucn Act
ar Advertisement in coj1 of+,, fhn