The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1916-10-12

levy. nor fund the same into bonds, nor
lection thereof; provided that said Board
may. in any calendar year, in anticipation
of the collection of the taxes of such
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 it's notes or other
evidences of Indebtedness therefor, and
such sums, notes or other evidences of
Indebtedness shall be payable 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 Indebtedness shall not
be payable out of any other funds or
| moneys whatsoever; provided, however,
| no moneys shall be borrowed by said Board
for any other purpose than current pur-
poses, and in no event shall any money
| be borrowed by said Board to make or to
| pay for permanent improvements; and
| provided further that said Board shall
| not make any contract or incur any debt
| or obligation unless sufficient funds, not
| otherwise appropriated, to pay and dis
| charge the same are actually in the treas
ury, of said Board at the time of making
said contract or mourning said debt or
| obligation and are specially set aside and
| dedicated to said purpose, except as may
| be herelnaboVe specially provided.
! Said Board shall annually and prior to
, the beginning of the scholastic year pre-
pare a budget of its receipts and expendi-
lures and said budget, before it becomes
effective, must be approved by the Com
| mission Council of the City of New Or
leans. or it's successor as the governing
body of said City, and all appropriations
| by or expenditures of said Board not in
cluded in the said budget shall likewise
before becoming effective be approved
by said Commission Council or it's said
Provided that nothing herein shall be
| taken or construed as authorizing the
Commission Council or it's successor to
change, alter, substitute or eliminate any
of the items of the budget thus submitted
the true intent and meaning hereof being
that the said council or its successor shall
have no authority whatsoever in or over
said budget except to the extent of ascer-
tanning whether the proposed expenditures
as exhibited by said budget are within the
probable and estimated revenues of sale
4 Board of Directors of the Public Schools
Parish of Orleans.
Section 20. The inhibition herein estab
lished against the City of New Orleans
and the Board of Directors of the Public
Schools, Parish of Orleans, or either O
Them borrowing money, anticipating tneil
) revenues captalizing their funds or issu
ing notes or other evidences of debt, shall
apply to all boards, commissions or bodie:
created by or under the authority of thu
Commission Council of the City of New
Orleans. or it's successor as the governing
Section 81 The provisions hereof arr
| self-operative. and the City Of New Or
leans and the several boards and bodies
herein referred to shall carry the SAM
into effect.
Be it further enacted, etc. That tn
amendment proposed by THIS act snail o.
submitted to the electors of the State TO
their approval or rejection at the Congress
sional election to be held the frs
Tuesday after the first Monday in tn
5 month of November 1916: that there shall
!, be printed on the official ballots to be use'
| at said election the words:
For the proposed amendment to tn
Constitution of the State of Louisiana
! providing for the funding of certain debt
l of the City of New Orleans and of tn
r Board of Directors of the Public Schools
= Parish of Orleans" and the words:
: Against the proposed amendment t
2 the Constitution of the State of Louisian
q providing for the funding of certain debt
! of the City Of New Orleans and of tn
f Board of Directors of the Public Schools
Parish of Orleans;''
and that each elector shall indicate o
the ballot cast by him, as provided b
the general election laws of the State
e whether he votes for or against the pro
= posed amendment -
! HEWITT BOUANCHAUD,
e Speaker of the House of Representative!
= FERNAND MOUTON,
, Lieut. Gov. and President of the Senate
v Approved: June s, 1916.
Il r. G. PLEASANT,
4 Governor of the State of Louisiana
a A true copy:
q JAMES j. BAILEY,
- Secretary of State.